Yellen: US government should consider benefits of cryptocurrencies and digital assets
Treasury Secretary nominee Janet Yellen, who previously headed up the U.S. Federal Reserve, said in written testimony on Thursday that cryptocurrencies and digital assets have the potential to "improve the efficiency of the financial system." As she noted in her written remarks: "Bitcoin and other d...
BitMEX’s bitcoin balance has dropped more than 60% since March 2020
Crypto derivatives exchange BitMEX, once the dominant player in the futures market, has lost its number one position in recent months. Two major events — the March 2020 market sell-off and the twin lawsuits filed against BitMEX by the U.S. government last October— appear to have impacted the exchang...
BlockFi launches OTC trading desk for institutional crypto investors
Crypto financial services firm BlockFi has launched an over-the-counter (OTC) trading desk for institutional investors. The service will allow BlockFi's clients to process large trades directly between themselves, instead of relying on exchange order books. BlockFi said its OTC desk will operate wit...

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