Wall Streeters won’t be able to ‘brush off’ Coinbase’s IPO like they do bitcoin, says Polychain CEO
"I think that Wall Street analysts are going to be very impressed with Coinbase's financials." Polychain CEO Olaf Carlson-Wee is referring to Coinbase's much-anticipated initial public offering. Carlson-Wee, who was Coinbase's first employee, told The Block during a recent episode of The Scoop that ...
Grayscale has incorporated six more trusts, including ones for Chainlink and Tezos
Crypto asset manager Grayscale has incorporated six more trusts, including those tied to Chainlink (LINK) and Tezos (XTZ) tokens. The trusts were formed by Delaware Trust Company, Grayscale's "statutory trustee," in recent months. Besides LINK and XTZ, the other four trusts include Basic Attention T...
OKCoin becomes latest exchange to integrate Bitcoin’s Lightning Network
OKCoin is in the process of integrating Bitcoin’s Lightning Network, the crypto exchange announced Friday.  The integration, which is expected to be completed by the end of February, will give OKCoin customers the option to use the Lightning Network to deposit and withdraw funds from the exchange. T...
MicroStrategy buys additional bitcoin worth $10 million
Nasdaq-listed MicroStrategy announced Friday that it had purchased an additional 314 bitcoin for $10 million in cash. This brings MicroStrategy's total bitcoin holdings to 70,784 bitcoin, worth more than $2.28 billion at current prices.  The company's bitcoin bet appears to have paid off well so far...
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...
Real-world tests of the digital yuan show how it could disrupt China’s mobile payment giants
Quick Take Merchants who supported digital yuan for real-world testing said they didn’t have to pay any transaction fees, unlike when they use third-party payment providers. The government has sent mixed signals about whether the central bank digital currency will compete with Alipay a...
Acting chair of SEC named as Gary Gensler awaits confirmation
SEC commissioner Allison Herren Lee has been named acting chairwoman of the U.S. securities regulator, according to a statement from the agency released Thursday. Lee, who became an SEC commissioner in mid-2019, will serve in an acting capacity as newly-inaugurated president Joe Biden's pick, Gary G...
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...
Craig Wright’s lawyers ask two websites to take down the Bitcoin whitepaper
Craig Wright, the self-proclaimed creator of bitcoin, has sent legal notices to two websites to take down the Bitcoin whitepaper. Bitcoin.org and Bitcoincore.org were sent the notices on Wednesday, Bitcoin contributor "Cobra" said in a blog post published Thursday. Cobra said Wright's lawyers claim ...

3 coins to keep an eye on 👀

Subscribe to receive a weekly selection of 3 coins to watch closely, based on upcoming events and technical analysis.