Former head of digital assets for TD Ameritrade is now the Fed’s chief innovation officer
TD Ameritrade's former head of digital assets is headed to the Federal Reserve. Sunayna Tuteja is now the central bank's chief innovation officer, according to a LinkedIn update. Tuteja took up the role in February. Tuteja had been at TD Ameritrade since 2014 prior to the transition. During her time...
Biden SEC nominee Gary Gensler set for March 2 confirmation hearing
The U.S. Senate has set a date for the confirmation hearing of Gary Gensler, President Joe Biden's nominee to be the next chair of the Securities and Exchange Commission.  Gensler will face the Senate Committee on Banking, Housing and Urban Affairs on March 2. The hearing will take place remotely. A...
MoneyGram says it has ‘suspended’ use of Ripple’s platform amid SEC lawsuit
Publicly-traded remittance firm MoneyGram announced Monday that it suspended its use of Ripple’s payments solution in light of the distributed ledger company’s ongoing legal fight with the U.S. Securities and Exchange Commission (SEC). “Due to the uncertainty concerning their ongoing litigation with...
Bitcoin’s bull run is blurring the line between fintech and crypto
Quick Take The booming crypto market is enticing traditional fintech firms to add crypto services — and vice versa. Even DeFi projects are trying their hand at fintech. This feature story is available to subscribers of The Block Daily. You can continue reading...
Janet Yellen critiques Bitcoin as ‘extremely inefficient’ for making transactions
U.S. Treasury Secretary Janet Yellen critiqued Bitcoin’s energy consumption and transaction utility during a New York Times event on Monday. In her remarks, according to quotes published by The Times today as part of its DealBook DC Policy Project event, Yellen said that “I don’t think that Bitcoin ...
Bitcoin’s price fell below $47K on Coinbase before swinging back above $53K
The price of bitcoin fell sharply below $50,000 before recovering during Monday morning's trading session. The dive began after 9 a.m. ET, with the steep fall occurring around 9:15 a.m. ET. Data from Coinbase indicates that the price of bitcoin hit a low of $46,616 on the U.S.-based crypto exchange....
Bitcoin falls below $54,000 as derivatives positions worth over $1 billion are liquidated
The price of bitcoin has fallen below $54,000 from nearly $58,500 on Sunday as derivatives positions worth more than $1 billion get force liquidated by crypto exchanges. About $1.50 billion worth of open interest was liquidated by crypto exchanges in the last 24 hours, according to tracker Bybt.com....
Bitcoin covered a 27% range last week before creating the highest weekly close of its history near $57,500, 18.13% higher than its open. [Long or Short Bitcoin with up to 125x Leverage] The altcoin marketcap continued to climb with BTC, rising from $587 billion to $679 billion by the end of the week. While the m...
Bitcoin reaches 10% of gold’s market cap, according to one estimate
Estimates place the total market capitalization of all mined gold between $10 trillion and $11 trillion.  By the estimate tracked by The Block Research, drawing from Gold.com's GoldHub, bitcoin's market capitalization is now just over 10% that of gold's, as shown in the chart below: The heightened ...
Purpose Bitcoin ETF surpasses $400 million in assets under management
Purpose Investments' bitcoin exchange-traded fund debuted on Thursday and has since accrued more than $400 million in assets under management (AUM). The figure, according to Purpose's website, highlights the rapid pace at which the ETF has taken hold since it began trading on the Toronto Stock Excha...

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