The bitcoin mining industry was shaken up in the last months of 2024 by the sudden entrance of a new player: Cango (CANG), a Chinese firm that specializes in providing loans to automobile buyers.Based in Shanghai and valued at $363 million on the st
A crypto cult hoping to flip the entire U.S. stock market just moved closer to its bizarre goal, although with trillions of dollars more to go.SPX6900 (SPX) crossed a $1.1 billion capitalization earlier Friday to set a new record above $1.25, breakin
Programmable blockchain Cardano’s ADA token jumped 12% in the past 24 hours to lead gains among crypto majors, with rangebound trading in bitcoin influencing the broader market.ADA crossed $1, a three-week high, as BTC, ether , Solana’s SOL and doge
Bitcoin's hashrate, the computational energy needed to mine a block in a proof-of-work blockchain, is on track to reach 1 zettahash per second before the next halving event in about 3.5 years, putting miners under pressure to secure cheap power deal
Do Kwon, founder of the failed Terra Luna crypto ecosystem, pleaded not guilty to charges of fraud following his Dec. 31 extradition to the U.S., Reuters reported on Thursday.Kwon's Terraform Labs developed the luna cryptocurrency and algorithmic sta
The largest public fund tracking bitcoin recorded its highest outflows on Thursday, nearly one year after going live.BlackRock’s Nasdaq-listed IBIT, which holds over $53 billion in net assets, saw over $332 million leave the fund on Thursday, accord
Bitcoin started the new year on a high note after tapping into the six-figure mark in 2024. Most observers expect 2025 to be just as remarkable, with projections placing BTC at $185,000 and higher.The road, however, may be as straightforwardly bulli
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3536.7, up 3.8% (+130.21) since 4 p.m. ET on Wednesday.18 of 20 assets are tradin
Infrastructure providers, such as Northern Data (NB2), are well positioned to benefit from the growing demand from artificial intelligence and high-performance computing (HPC) firms, broker Canaccord Genuity said in a report Thursday initiating cove
On Nov. 6, I wrote a memo to EY’s blockchain leadership team. The headline was simple: “Every single private blockchain just died.” Since November 2022, the crypto and blockchain markets have been defined by caution and gradual recovery. The directio
KuCoin has introduced a feature for merchants to allow customers to pay for purchases directly from their account on the crypto exchange.Merchants can integrate the tool, called KuCoin Pay, into their payment systems. Customers pay by scanning a QR c
Tether's USDT, the world's leading dollar-pegged stablecoin, has experienced the sharpest weekly decline in market value in two years, spurring market volatility concerns.USDT's market cap slid more than 1% to $137.24 billion this week, the most sign
Spanish banking giant Banco Bilbao Vizcaya Argentaria (BBVA) is deepening its foray into the crypto ecosystem.Garanti BBVA Kripto, a crypto custody platform operated by Garanti BBVA — Turkey’s fifth largest bank, which as of December 2023 was almost
Traders are no longer chasing upside in Nasdaq-listed MicroStrategy , a leveraged play on bitcoin , signaling a cautious shift in market sentiment.MSTR's 250-day put-call skew, which shows the difference in implied volatility between puts (options to
Crypto majors zoomed higher in the past 24 hours as the market entered a widely expected bullish year, with bitcoin inching above $95,000 to shake off losses from last week.A CoinDesk analysis from Tuesday flagged unusually high trading volumes for
Happy New Year, advisors! We look forward to bringing you crypto news for advisors every Thursday this year!In today’s issue, our first newsletter of 2025, Roxanna Islam from TMX VettaFi provides a comprehensive guide to the world of crypto ETFs, loo
This special edition of the Protocol looks back at 2024's groundbreaking developments and forward to what the coming year might bring for blockchain technology.Let’s dive into the milestones, trends, and predictions shaping the next era of crypto.Thi
By answering three key questions on return expectations and target portfolio volatility, multi-asset investors can evaluate bitcoin's suitability for their portfolios and determine its optimal allocation based on their unique goals.Contrary to popula
Centralized data networks, ones that are owned and/or managed by a single entity, have been structurally broken for years. Why? Single points of failure. If one entity (or even a few) has access to a database, then there is only one “point” to compro
Happy New Year, advisors! We look forward to bringing you crypto news for advisors every Thursday this year!In today’s issue, our first newsletter of 2025, Roxanna Islam from TMX VettaFi provides a comprehensive guide to the world of crypto ETFs, loo