Eric Council Jr., the Alabama man charged with hacking the X account of the U.S. Securities and Exchange Commission (SEC) to falsely post the agency had approved bitcoin exchange-traded funds, is set to plead guilty in the case. A "Consent Order of Forfeiture," filed in D.C. federal court shows Council [...]
Bitcoin (BTC) difficulty hit an all-time high of 114.7 trillion (T) following a 5.6% upward adjustment over the weekend, according to CoinWarz. This coincides with the Hash Ribbon metric signaling a miner capitulation. Hash Ribbon, is a market indicator, which hints at a local bottom for bitcoin (BTC) and often [...]
U.S. endowment funds are increasing their exposure to crypto as the digital assets soar to new highs, The Financial Times reported on Sunday. Franklin Bi, a general partner at Pantera Capital, noted that there had been a “huge shift” in interest in digital assets from endowments and foundations that just [...]
Brazilian stock exchange B3 is set to expand its cryptocurrency offerings with the introduction of bitcoin (BTC) options and futures contracts for ether (ETH) and solana (SOL). The expanded offerings are set to come sometime this year, the exchange’s CEO Gilson Finkelsztain told local media. Bitcoin futures contracts were added [...]
Receipts Depositary Corp. (RDC), a start-up founded by a group of former Citigroup executives, is planning to launch XRP-backed securities, according to people familiar with the matter. This will give institutions access to XRP (XRP) securities through U.S. regulated market infrastructure. The company will offer depositary receipts similar to the [...]
One bitcoin (BTC) holder metric is pointing to price growth in the months ahead even as activity on the blockchain falls to its lowest in a year, a CryptoQuant analysis noted this week. The firm’s Bitcoin Network Activity Index has been down 15% since November 2024’s record high and stands [...]
Riot Platforms (RIOT) mined 527 Bitcoin (BTC) in January, marking its highest monthly production since December 2023 and reflecting a 2% increase from the previous month, according to Farside data. However, the broader bitcoin mining sector reported underwhelming production figures, with most major mining firms experiencing month-over-month declines. MARA Holdings [...]
Czech President Petr Pavel signed a bill on Thursday exempting crypto users from paying taxes on long term gains, a spokesperson from the country's Ministry of Finance told CoinDesk on Thursday. "The principle is if cryptoassets are held for more than three years, their sale will not be taxed, or [...]
In today’s issue, Ben Harper from Luxor Technology provides an update on what’s happening with bitcoin mining this year. Then, Colin Harper from Blockspace Media answers questions on the topic of mining and AI in Ask and Expert. – Sarah Morton You’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that [...]
Bitcoin (BTC) has become a store of value and an instability hedge for the world's wealthiest investors, Michael Sonnenfeld, the founder of Tiger21, said during an interview on CNBC. The members of Tiger21, a network of high-net-worth investors and executives, collectively have a net worth of $200 billion. The members [...]