The U.S. derivatives regulator issued a “reminder” that foreign crypto firms registered with the CFTC as FBOTs can directly handle U.S. customers. What to know: The Commodity Futures Trading Commission — under its ongoing “crypto sprint” to open a wider path for U.S. crypto business — issued an advisory on Thursday that […]
Private jet flights, yacht cruises and boutique hotels are now taking crypto. But does it make sense for bitcoin’s new wealthy to actually spend their coins? What to know: Bitcoin’s latest rally is spilling over into the luxury holiday market. The Financial Times (FT) reported earlier today that private jet firms, cruise lines […]
River’s research estimates BTC ownership at 65.9% for individuals, 7.8% for funds, 6.2% for businesses and 1.5% for governments. About 7.6% is believed to be lost. What to know: River says individuals still own the majority of bitcoin. The U.S.-based bitcoin financial services firm revealed ownership distribution research dated Aug. 25 […]
The combined market cap of the 13 U.S.-listed bitcoin miners the bank tracks reached a record high last month. What to know: The Bitcoin network hashrate returned to record highs last month, increasing around 50 exahashes per second (EH/s) to an average of 949 EH/s, Wall Street bank JPMorgan (JPM) said in a research […]
Led by Michael Saylor, the company bitcoin stack has grown to 636,505 coins worth about $70 billion. What to know: Strategy (MSTR) continued its relentless bitcoin purchases, acquiring another 4,048 coins last week and bringing company holdings to 636,505 coins. Last week’s buys were made for just under $450 million, or an average […]
El Salvador says its bitcoin reserve is safer from quantum threats — but the reality behind the claim is less sweeping than it sounds. What to know: El Salvador has overhauled how it stores the nation’s bitcoin, saying the change both strengthens security today and prepares for technological risks that […]
President Donald Trump’s son said he would love for his father and China’s President Xi Jinping to talk about bitcoin at a coming meeting. What to know: HONG KONG — Eric Trump, executive vice president of the Trump Organization, praised China during a panel at BTC Asia in Hong Kong […]
Positive policy developments coupled with technical indicators point to bitcoin and the cryptocurrency market being well-placed to explode to new trading highs, writes Biyond’s Nathan Batchelor. What to know: You’re reading Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it […]
Kato’s remarks come amid concerns over Japan’s high debt-to-GDP ratio and the potential for financial repression and yen depreciation. What to know: Japan’s Finance Minister Katsunobu Kato said on Monday that cryptocurrencies can be part of a diversified portfolio. “Crypto assets have risks surrounding high volatility, but through building an […]
Modeled after oil, maple syrup, and grain reserves, the proposed Strategic Bitcoin Reserve positions BTC as a sovereign asset alongside traditional stockpiles. What to know: A bill proposed in the Philippine Congress would create a government-run bitcoin (BTC )reserve that cannot be touched for two decades except to pay down the nation’s […]