Category: CoinDesk
The defunct crypto lender sent over 30,000 ETH to custodian Fireblocks in the past week, some of which was deposited at crypto exchange Coinbase, data shows. Source: https://www.coindesk.com/markets/2024/01/05/celsius-to-unstake-thousands-of-ether-possibly-easing-eth-selling-pressure/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Staking TIA on native platforms is yielding between 15% to 17%, minus fees, to users, boosting demand for the cryptocurrency. Source: https://www.coindesk.com/markets/2024/01/05/celestias-tia-token-pops-22-as-staking-modular-narrative-gains-favor/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Reports swirled that the SEC was giving final comments to issuers and may approve multiple spot-based bitcoin ETF applications very soon. Source: https://www.coindesk.com/markets/2024/01/04/bitcoin-rebounds-above-44k-as-spot-btc-etf-approval-looks-increasingly-likely/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
A mundane year of flows turned nicely higher in the final quarter of last year as excitement rose surrounding spot bitcoin ETFs. Source: https://www.coindesk.com/markets/2024/01/04/crypto-investment-products-saw-22b-of-inflows-in-2023-coinshares/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
CoinDesk has viewed a letter dated Dec. 29 by the Reserve Bank of India (RBI) Governor Shaktikanta Das to staff that said the usage of the e-rupee (CBDC) “exceeded …
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Jan. 4-10. Source: https://www.coindesk.com/tech/2024/01/04/protocol-latest-tech-news-crypto-blockchain/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
RDC’s aim is to address the institutional desire to bitcoin investment that may not be satisfied by a spot ETF. Source: https://www.coindesk.com/business/2024/01/04/citi-alumni-founded-startup-to-offer-bitcoin-securities-that-dont-need-green-light-from-sec-bloomberg/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Nigerian banks are still restricted from holding or trading crypto on their own behalf, despite regulators’ softening stance toward digital assets. Source: https://www.coindesk.com/policy/2024/01/04/nigerias-central-bank-fleshes-out-new-rule-allowing-crypto-firms-access-to-bank-accounts/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Major tokens solana (SOL), ether (ETH) and Cardano’s ADA started to stabilize early Thursday after dropping more than 10% in the past 24 hours. Source: https://www.coindesk.com/markets/2024/01/04/bitcoin-could-rally-to-50k-as-gensler-faces-pressure-to-approve-etf-traders-say/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Renewed rate cuts by the Fed have historically presaged recessions and triggered rotation of money out of risk assets. Source: https://www.coindesk.com/markets/2024/01/04/expected-fed-rate-cuts-support-bull-case-in-bitcoin-but-there-is-a-catch/?utm_medium=referral&utm_source=rss&utm_campaign=headlines