Markets Outlook

With BTC breaking below $30K and the tether (USDT) saga gaining fresh attention, CoinDesk’s Market’s Daily is back with the latest news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io. Today's stories: First Mover: Risks Nobody’s Ever Seen, From the Fed to Tether (and GameStop) Risks surrounding the stablecoin tether (USDT) have been known for years, but they're commanding fresh attention as the amount outstanding swells to $25B. Silver Lake’s Glenn Hutchins (until recently a New York Fed board member) says it’s “fundamentally wrong to say that Bitcoin is most used for crime” (Finextra) Social networks turn to blockchain technology amid concerns over power wielded by centralized tech giants like Facebook, Google and Twitter (NYT) Bitcoin is an incredibly dirty business, with a carbon footprint comparable to New Zealand’s (Bloomberg Opinion) ARK’s Cathie Wood says bitcoin ETF approval unlikely until market cap rises to about $2T (CoinDesk) Former Goldman Sachs CEO Lloyd Blankfein says in interview re bitcoin: “If I were a regulator I would be kind of hyperventilating at the success of it at the moment, and I’d be arming myself to deal with it” (CNBC via Twitter) Colombia, Estonia upload Bitcoin white paper to their governmental websites (CoinDesk) “Price bubbles accelerate the growth of the bitcoin user base, the expectation of which then fuels the price bubble,” writes University of Southern California marketing professor in op-ed (CoinDesk Opinion) Retail traders are piling into viral options calls at all-time high levels, with massive buying of bullish contracts helping to fuel GameStop price pump (Bloomberg) China’s asset-bubble warning – and $12B drained from financial system on Tuesday via open-market operations – threatens stock frenzy in Hong Kong (Bloomberg) Blank-check companies are the talk of Reddit and TikTok as retail investors pour money into SPACs (Bloomberg Businessweek) Amid aviation-industry crisis, world’s biggest jet-leasing companies have issued $15B in bonds this month at yields from 2% to 3%, versus about 5% last summer (WSJ) Consumer confidence in U.S. improves more than expected on outlook for economy (Bloomberg) IMF estimates that close to 90M people are likely to fall below the extreme poverty threshold during 2020-21, with the pandemic wiping out some $22T in projected output through 2025 (Reuters) Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.

With bitcoin hovering around $32K for a fourth straight day and top Ivy League universities said to be accumulating crypto, CoinDesk’s Market’s Daily is back with the latest news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io. Today's stories: Smart Money Buying Crypto as Harvard Said to Be Holding The brain trust has blessed cryptocurrencies, with endowments for Harvard and other universities reportedly lapping up digital assets. For bitcoin marketeers, it's a new $600B money pot. Small-investor stock-trading activity on Robinhood, Charles Schwab and Morgan Stanley's online brokerage shows no sign of slowing (WSJ) GameStop short-sellers reload bets after $6B loss (Bloomberg) "With the U.S. increasingly reliant on foreign capital to compensate for its growing shortfall of domestic saving and with the Fed’s open-ended quantitative easing measures creating a massive overhang of excess liquidity, the case for a sharp further weakening of the dollar looks more compelling than ever," former Morgan Stanley Chief Economist Stephen Roach writes in op-ed (Bloomberg Opinion) Collateralized debt obligations make their way onto DeFi lending (CoinDesk) It's 'frothy squared' as crypto firms line up for IPOs to tap market mania (Bloomberg) Mike Novogratz's Galaxy Digital plans to launch Ethereum funds, from (Decrypt) The market value of DeFi tokens surged to $45B, triple the amount at end of October, reported by (Decrypt, using CoinGecko data) Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.

With bitcoin bouncing and ether hitting a new all-time high, CoinDesk’s Market’s Daily is back with the latest news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io. Today's stories: First Mover: Bitcoin Flushes 'Weak Hands' as Ethereum Hits New All-Time High Last week's rout in bitcoin market looks like "weak hands" selling out because bidders appeared to materialize whenever prices fell to $30K. U.S. President Biden is unlikely to raise taxes anywhere close to covering his spending proposals, (NYT) China overtook the U.S. as world's leading destination for foreign direct investment, from the (WSJ) Investor demand for the lowest-rated junk bonds pushed yields to record lows; That’s below where 10-year U.S. Treasury-bond yields traded for most of the 1970s, '80s and '90s (WSJ) A third of staff may work from home permanently post-virus, says (Bloomberg) A key executive at Huobi crypto exchange is said to have been taken into custody by Chinese police investigating the over-the-counter trading service (CoinDesk) Valkyrie digital assets filed an application with the SEC for a bitcoin ETF, joining VanEck in the struggle to win U.S. regulatory approval, (CoinDesk) Wladimir (Vladimir) van der Laan, lead maintainer of Bitcoin Core, the key software underpinning the Bitcoin network, is seeking to move further into the "background" for the sake of decentralizing the project. This move comes following criticism of his decision to pull the Bitcoin white paper from bitcoincore.org after the project received a takedown notice from the controversial leader of BitcoinSV (CoinDesk) Crypto exchange Coinbase now has more than $90B of assets on their platform and more than 43M registered users, (CoinDesk) New Innovation Hub from Bank of International Settlements (the central bank for central banks) is planning a platform for testing central bank digital currencies (CoinDesk) Early exchange Coinbase plans to offer a secondary market for private shares ahead of public stock listing, as pre-IPO contracts change hands at valuations of more than $70B, that one’s from (The Block) CNBC stock-picking personality Jim Cramer suggested to the winner of the $731M Powerball jackpot that they should put 5% of their newfound fortune in bitcoin, from CoinDesk’s Danny Nelson (CoinDesk) Microstrategy's recent sale of $650M of convertible bonds offer QUOTE "very little downside and an almost-free call option on bitcoin," writes investing legend Bill Miller of Miller Value Partners (Miller Value Partners) In an opinion piece, Bloomberg’s senior ETF analyst argues that the SEC is long "past due" in approving a bitcoin ETF (Bloomberg Opinion) Crypto Twitter trader and analyst @CryptoCapo_ says the drop in open interest in coin-margined bitcoin-derivatives contracts signals market bottom is in, that’s from the (Daily Hodl) Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.

With bitcoin back above $30K and analysts calling for a deeper correction, CoinDesk’s Market’s Daily is back with the latest news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io. Today's stories: First Mover: Bitcoin Newbies Get Volatility Lesson as Old Pros Lament FUD A mixture of bearish price-chart patterns and ill-understood news items combined to cause bitcoin's biggest price plunge since March, in a demonstration to market newcomers of the cryptocurrency's notorious volatility. Bitcoin worries ‘fading’ as crypto goes mainstream, S&P says (CoinDesk) Guggenheim Chief Investment Officer Scott Minerd, who predicted bitcoin prices would eventually go to $400K, told CNBC Tuesday that he sees a possible retracement to $20K in the near term (CoinDesk) Treasury Secretary nominee Janet Yellen offers U.S. Senate a more nuanced take (in writing) on cryptocurrencies (CoinDesk) Georgetown law Professor Chris Brummer (who runs an annual conference on financial technology) tipped as potential candidate to replace Heath Tarbert as chair of the Commodity Futures Trading Commission, which oversees on-exchange cryptocurrency derivatives in the U.S. (CoinDesk) European Central Bank President Christine Lagarde says pandemic still “poses serious risks” and that “in this environment ample monetary stimulus remains essential” (CNBC) JPMorgan board holds CEO Jamie Dimon’s annual pay at $31.5M (Reuters) Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.

With bitcoin dropping as traders turn bearish, CoinDesk’s Market’s Daily is back with the latest news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io. Today's stories: First Mover: As Bitcoin Flips Bearish, Neither Biden Nor BlackRock Brightens Mood There's a lot of long-term bulls in the bitcoin market. But in the short-term? What's hot Proposed FinCEN crypto wallet rulemaking among those affected by U.S. President Joe Biden’s first-day order to freeze all rulemaking. (CoinDesk) BlackRock gives two funds go-ahead to invest in bitcoin futures (CoinDesk) Individuals starting to feel the bitcoin FOMO; “You never know until you play with it and figure it out” (Bloomberg) Former U.S. Treasury official (and Ripple board member) Michael Barr will replace Brian Brooks as head of OCC. (CoinDesk) Bond market signals suggest investors increasingly expect higher inflation with no commensurate response from the Federal Reserve to increase interest rates. (WSJ) Some McDonald’s restaurant owners attribute recent sales bump to recent distribution of stimulus checks. (WSJ) China’s three largest telecommunications operators ask New York Stock Exchange to reverse recent decision to delist them. (Nikkei Asia Review) Alibaba shares rise 10% higher after popular billionaire and CEO Jack Ma resurfaces in video. (Asia Times Financial) “This bubble will burst in due time, no matter how hard the Fed tries to support it,” asset-allocation guru Jeremy Grantham of GMO writes in web post. (GMO) “Decades of constant stimulus have left capitalism weaker, less dynamic and less fair, fueling populism,” Morgan Stanley Investment Management Chief Global Strategist Ruchir Sharma writes in op-ed. (FT) Token watch Ether (ETH): Price rise to record high could just be first stop on way to $10.5K, Fundstrat analyst predicts. (CoinDesk) XRP (XRP), Dogecoin (DOGE), Binance coin (BNB), USD coin (USDC): Pornhub, an adult entertainment website, now accepts payments in 16 cryptocurrencies. (CoinDesk) OKExChain (OKT): Native token for crypto exchange’s trading-focused blockchain hits $64 upon listing, implying $640M market value. (OKEx) Yearn.finance (YFI): DeFi yield-farming site considers minting $200M of new YFI tokens. (CoinDesk) Tron (TRX), Tether (USDT): Tether use on Tron passes Ethereum as low fees attract small transactions. (CoinDesk) Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.

With the price of BTC down and a new report out on the decrease in criminal crypto activity, CoinDesk’s Market’s Daily is back with the latest news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io. Today's stories: Bitcoin Falls 5% Despite Continued Accumulation by Investors Bitcoin fell from $36,000 to $34,000 Wednesday morning, despite continued buying from investors. Over Half of Investors Think Bitcoin, Tesla Stock Are Biggest Bubbles: Deutsche Bank Survey While many respondents saw bitcoin as a major bubble, 25% believed it could double its price tag to north of $70,000 by the start of 2022. Criminal Activity in Crypto Transactions Fell Sharply in 2020, Says Chainalysis Partly offsetting the positive trend is an explosion in ransomware attacks, which rose 311% from 2019. Yellen Calls Terrorist Financing Using Crypto a 'Concern' The U.S. should examine how it can curtail the use of crypto for illicit financing, the former Fed Chair said. Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.

With more traders betting on bitcoin than tech stocks and ether briefly reaching an all-time high, CoinDesk’s Market’s Daily is back with the latest news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io. Today's stories: Bitcoin Becomes Most-Crowded Trade After Passing 'Long Tech': Bank of America Survey Bank of America's January survey of fund managers indicated bitcoin is now seeing the most capital inflow. Bitcoin's Price Must Pass $40K to Halt Exodus of Traders: JPMorgan Analysts A bearish outlook may be triggered if bitcoin doesn't claw its way back over $40,000, the analysts said. Ethereum's Ether Cryptocurrency Sets New Price Record on Major Exchanges Ether (ETH) has broken its previous all-time high set on top exchanges in January 2018 with a rise to $1,439. UK's NHS Taps Blockchain Tech to Monitor Coronavirus Vaccine Cold Chain Hedera Hashgraph's blockchain platform will provide the health service with a tamper-proof record of vaccine temperatures, the firm said. Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.

With bitcoin hovering around $36K and Iran's government blaming crypto miners for recent blackouts, CoinDesk’s Market’s Daily is back with the latest news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io. Today's stories: Bitcoin Struggles to Recover After Biggest Weekly Price Loss Since September Prices fell by 6% in the seven days to Jan. 17, a weekly fall not seen since the first week of September. Central Bank Digital Currencies Not a 'Fad,' MetLife Investment Says The investment giant predicts CBDCs will continue gaining steam, although a "launch among Western countries seems unlikely to occur anytime soon." Crypto Long & Short: No, Bitcoin Is Not in a Bubble Commentators and analysts who say bitcoin is in a “bubble” show they don’t understand what the term means. Iran Reportedly Seizes 45K Bitcoin Mining Machines After Closure of Illegal Operations The mostly ASIC devices used to mine bitcoin are said to have been consuming 95 megawatts per hour of electricity at a reduced rate. Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.

With the price of BTC bouncing off $40K and the Fed in no rush to issue its own token, CoinDesk’s Market’s Daily is back with the latest crypto news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io. Today's stories: Biden's $1.9T Relief Package Proposal Fails to Stir Bitcoin Market The U.S. dollar's rise on the news maybe be playing spoilsport to the bitcoin bulls. Jerome Powell on CBDCs: 'We Don't Feel a Need to Be First' He estimated it will take “years rather than months” before the Fed releases a CBDC. FinCEN Extends Comment Period for Crypto Wallet Rule Critics of the rule said it would be technically impossible for some projects to comply because smart contracts and author-decentralized tools do not have name or address information to provide. Tether's Bank Says It Invests Customer Funds in Bitcoin Deltec Bank & Trust announced it had invested customer funds in bitcoin since the cryptocurrency's price was around $9,300. Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.

With bitcoin bouncing back up and approval of the first federally chartered crypto bank, CoinDesk’s Market’s Daily is back with the latest crypto news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io. Today's stories: Bitcoin Bounces as Options Market Sees 20% Chance of $50K at Month's End While a 31% rally to $50,000 in two weeks may be challenging to envision, it is far from impossible, given bitcoin's prior rallies. UK Man Offers Council $72M If He's Allowed to Search Dump and Finds Discarded Bitcoin Trove Anchorage Becomes First OCC-Approved National Crypto Bank The crypto industry has its first federally chartered bank: Anchorage. Ex-Ripple CTO Can't Remember Password to Access $240M in Bitcoin Just call it Schrödinger's bitcoin. Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.

With BTC looking at gloomy short-term price predictions and altcoins on the rise, CoinDesk’s Market’s Daily is back with the latest crypto news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io. Today's stories: Analysts Are Gloomy About Bitcoin's Short-Term Price Outlook Right Now Some are now forecasting an extension of Monday's 20% price drop as more bitcoin moves onto exchanges and institutional demand cools. Goldman Sachs Exec Says More Institutional Investment Would Calm Bitcoin Volatility Global head of commodities research Jeff Currie believes the amount of institutional money in bitcoin needs to grow to mature the asset. Multiple Tokens See Rally Amid Looming 'Alt Season' Bitcoin and ether may be pulling back from their all-time highs but alternative cryptos are starting to see action. ECB's Christine Lagarde Says 'Speculative' Bitcoin Needs Regulation In a speech at a Reuters online event Wednesday, Lagarde said bitcoin was a "highly speculative" asset. Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.

Bitcoin Bull Run: OGs on Why This One's Different Trump, COVID-19, massive money printing. Voorhees, Shrem, Wan, Carlson and others on bitcoin's big boom, and what's changed from 2017. This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co.

With BTC regaining lost ground and a special feature on what long-timers in the crypto industry think about this year's rally, CoinDesk’s Market’s Daily is back with the latest crypto news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co. Today's stories: As Bitcoin Regains Lost Ground, Options Traders Bet on $52K Move By Late January Some bitcoin traders are buying bullish call options at $52,000 and higher strike prices. Bitcoin Bull Run: OGs on Why This One's Different Trump, COVID-19, massive money printing. Voorhees, Shrem, Wan, Carlson and others on bitcoin's big boom, and what's changed from 2017. Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io. - A new era of innovation on Bitcoin has begun. Stacks 2.0 enables secure apps and smart contracts on Bitcoin, unlocking new use cases and value while laying the foundation for a user-owned internet. https://stacks.co/.

With the price of BTC down by more than $8K and an opportunity to trade your crypto for a New York City bar (or two), CoinDesk’s Market’s Daily is back with the latest crypto news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co. Today's stories: Bitcoin Plummets as Miners Sell Inventory, Spot Markets Panic Bitcoin fell sharply early on Monday, having failed to establish a foothold above $40,000 over the weekend. Long-Desired Bitcoin ETF Could Actually Hurt Price in Short Term: JPMorgan An ETF could draw institutional money from the Grayscale Bitcoin Trust, a support for the price of the cryptocurrency, the report said. Crypto Long & Short: Traditional and Crypto Markets are Starting to Converge The latest OCC statement, which opens the door for banks to use blockchains to validate payments, hints at more than just better services. Two NYC Bars Could Be Yours for Only 25 Bitcoin or 800 Ether: Report The bar owner says he's hoping "to catch one of these crypto dudes who always wanted to own a bar." Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io. - A new era of innovation on Bitcoin has begun. Stacks 2.0 enables secure apps and smart contracts on Bitcoin, unlocking new use cases and value while laying the foundation for a user-owned internet. https://stacks.co/.

With BTC hitting another record high of $41K plus a look at the ongoing rise and where it could end, CoinDesk’s Market’s Daily is back with the latest crypto news roundup. Add Markets Daily to your Alexa Flash Briefing here This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co. Today's stories: Over $41,000: Bitcoin Continues to Forge New Highs Another day, another record high for bitcoin's price. Grayscale CEO Says Crypto Interest Is Rising From Pension, Endowment Funds Michael Sonnenshein said institutions are also making larger allocations to its crypto products. Why Is Bitcoin Going Up, and Will It Crash Soon? What's Next as Price Doubles to $40K Crypto pros and newbies alike are asking why bitcoin prices keep hitting new all-time highs, and if prices are due to crash. Here's what the experts say. Crypto Exchange Bakkt Nears Merger With Victory Park SPAC: Bloomberg A deal could be announced as soon as next week, the report said. Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io. - A new era of innovation on Bitcoin has begun. Stacks 2.0 enables secure apps and smart contracts on Bitcoin, unlocking new use cases and value while laying the foundation for a user-owned internet. https://stacks.co/.

With the price of bitcoin up another $2K and the cryptocurrency sector now valued at more than a trillion dollars, CoinDesk’s Market’s Daily is back with the latest crypto news roundup. UPDATE: Bitcoin broke through $39,000 as this episode was released Add Markets Daily to your Alexa Flash Briefing here This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co. Today's stories: Bitcoin Tops $38K for First Time, Bringing Year-to-Date Gain to Over 30% The leading cryptocurrency hit a new-all time high of $38,286.65, before settling down to $36,004.99, up 5.93% over the last 24 hours. Total Cryptocurrency Market Value Hits Record $1 Trillion During 2017's bull run, the market peaked at a $760 billion total value. Stellar's XLM Token Rallies to 2-Year High on XRP Woes, OCC Ruling, Ukraine The token is at the highest level since November 2018 in what one observer called a "perfect storm." South Korea's 20% Crypto Tax Now Coming in 2023: Report The cryptocurrency tax was originally planned to be implemented in late 2021. Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io. - A new era of innovation on Bitcoin has begun. Stacks 2.0 enables secure apps and smart contracts on Bitcoin, unlocking new use cases and value while laying the foundation for a user-owned internet. https://stacks.co/.

With BTC topping $35K and JPMorgan predicting even higher long-term gains for the cryptocurrency, CoinDesk’s Market’s Daily is back with the latest crypto news roundup. Add Markets Daily to your Alexa Flash Briefing here This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co. Today's stories: Bitcoin Sets New All-Time High Above $35K Bitcoin bulls pushed the leading crypto to fresh all-time highs above $35,000 Tuesday night. Veteran Investor Bill Miller Calls Bitcoin a 'Rat Poison,' but for Cash In 2018, legendary investor Warren Buffett referred to the cryptocurrency as "probably rat poison squared." JPMorgan Predicts Bitcoin Price Could Rise Over $146,000 in Long Term Bitcoin is increasingly competing with gold as an investment asset and has scope for substantial gains over coming years, according to JPMorgan strategists. CoinDesk Acquires TradeBlock, Adding Indexes and Pricing to News, Events Offerings With the acquisition CoinDesk said it’s positioned to be the leading source of crypto news, information and data for the rapidly growing sector. - Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io. - A new era of innovation on Bitcoin has begun. Stacks 2.0 enables secure apps and smart contracts on Bitcoin, unlocking new use cases and value while laying the foundation for a user-owned internet. https://stacks.co.

With BTC back above $32K and a billion dollars worth of bitcoin exiting Coinbase, CoinDesk’s Market’s Daily is back with the latest crypto news roundup. Add Markets Daily to your Alexa Flash Briefing here This episode is sponsored by Nexo.io. Today's stories: Bitcoin Bounces Back Above $31K After Monday's Drop Analysts say the bitcoin market now looks less overheated than it did on Monday. Bitcoin Worth $1B Leaves Coinbase as Institutions 'FOMO' Buy: Analyst Coinbase Pro exchange registered an outflow of over 35,000 bitcoin worth more than $1 billion early Saturday. OCC Says Banks Can Issue Payments Using Stablecoins Banks can act as nodes on a blockchain or conduct payments using stablecoins, the OCC said Monday. NFT Art Sales Reached All-Time High of $8.2M in December With sales of physical art down because of the coronavirus pandemic, NFT-based artworks have taken off in 2020.

With the price of the top two cryptocurrencies exploding into the new year, CoinDesk’s Market’s Daily is back with the latest crypto news roundup. This episode is sponsored by Nexo.io. Today's stories: Bitcoin Blasts Past $34K for First Time, Less Than 24 Hours After Blowing Through $30K Ether Soars Above $1,000 for First Time Since 2018, Hours After Crossing $800 Bitcoin Options on Deribit Now Go to $200K After Recent Surge It's Genesis Block Day. Do You Know Where Your Bitcoin Keys Are?

On today's holiday episode of Markets Daily, we celebrate the new year with a classic song from the early days of bitcoin, written and performed by John Barrett.

On today's holiday episode of Markets Daily, we take a look at the term "Satoshi", it's origin, what it means and why it matters.

In this special episode of Markets Daily, CoinDesk's Lyllah Ledesma reads Nikhilesh De's profile of Linda Lacewell, one of CoinDesk's Most Influential People in 2020. This episode is sponsored by Crypto.com, Nexo.io.

In this special episode of Markets Daily, CoinDesk Podcasts editor Adam B. Levine reads Nathan DiCamillo's profile of Jesse Powell, one of CoinDesk's Most Influential People in 2020. This episode is sponsored by Crypto.com, Nexo.io.

In this special episode of Markets Daily, CoinDesk Podcasts editor Adam B. Levine reads Zack Seward's profile of Charles Cascarilla, one of CoinDesk's Most Influential People in 2020. This episode is sponsored by Crypto.com, Nexo.io.

On today's holiday episode of Markets Daily, we're joined by John Barrett for a holiday classic. Lyrics by John Barrett Copyright 2018 RJM Publishing ‘” BMI Nashville [To the tune of Have Yourself a Merry Little Christmas] Get Yourself a Little Bit of Bitcoin Let your heart be light And in time the value will be out of sight Get Yourself a Little Bit of Bitcoin Make your Yuletide cool Those who hesitate will be the only fools Here we are with the markets down Don’t you wear a frown my friend For in time yes it’s coming soon We’ll go to the Moon again Through the years we’ve hodled and we’ve traded Kept our dream somehow Here’s to all developers you should be proud So Get Yourself a Little Bit of Bitcoin now.

On today's holiday episode of Markets Daily, we're joined by Santa Clause for a bitcoin holiday classic. Performed by John Barrett

With BTC struggling to break past $24K and the SEC suing Ripple, CoinDesk’s Market’s Daily is back with the latest crypto news roundup. This episode is sponsored by Crypto.com and Nexo.io. Today's stories: SEC Sues Ripple Over 7-Year, $1.3B 'Ongoing' XRP Sale As expected, the SEC has filed suit against Ripple, saying it violated federal securities laws in selling $1.3 billion in XRP over the past seven years. MoneyGram Takes Wait-and-See Approach as SEC Sues Partner Ripple "MoneyGram will continue to monitor the situation" following an SEC lawsuit against its part-owner, Ripple, a spokesperson told CoinDesk. Ethereum Dev Virgil Griffith Likely to Face Trial Next Fall Ethereum developer Virgil Griffith is likely headed to trial on charges of violating international sanctions, after a Tuesday hearing which saw a federal judge clarify what's being argued.

With bitcoin higher after falling for two days and XRP falling amid warnings the SEC may sue Ripple, CoinDesk’s Market’s Daily is back with another crypto news roundup. This episode is sponsored by Crypto.com and Nexo.io. Today's stories: Ripple CEO Warns SEC May Sue Company Over XRP Sales "It’s an attack on the entire crypto industry and American innovation," Brad Garlinghouse said in a statement. Huobi Crypto Exchange Returning to US After Winning Nevada Trust License After an abrupt departure over a year ago, Huobi has now secured a state trust license for its return to the U.S. market. Uniswap Is the Number One Gas Guzzler on Ethereum Decentralized exchange Uniswap burns through more gas than any other application on Ethereum.

With BTC retreating from its eight-day streak of gains and MicroStrategy's most recent bitcoin splurge, CoinDesk’s Market’s Daily is back with another crypto news roundup. This episode is sponsored by Crypto.com and Nexo.io. Today's stories: MicroStrategy Splurges Another $650M in Latest Bitcoin Investment MicroStrategy is transforming itself into corporate America's boldest bitcoin bull, now owning bitcoin worth over $1.596 billion. Bitcoin Is a Hedge Against Inflation, but It's Also a Hedge Against 'Crazy' For many, bitcoin is hedge against inflation. But it's also a safety play for a world where old ideas about economics are up in the air. A Slowing of Grayscale Bitcoin Fund Inflows Could Prompt Price Correction: JPMorgan Digital asset investment firm Grayscale is sucking up so much bitcoin it could sway prices.

With Deribit providing options for betting on a bitcoin rally and the IMF’s predictions for digital currencies, CoinDesk’s Market’s Daily is back with another crypto news roundup. This episode is sponsored by Crypto.com and Nexo.io. Today's stories: Deribit’s New Options Allow Bitcoin Traders to Bet on Rally to $100K Options at the $100,000 strike price expiring on Sept. 24, 2021, went live on Deribit Thursday. Coinbase, With Bitcoin Soaring, Files in Preparation for Landmark Public Offering Coinbase has filed preliminary documents with the U.S. Securities and Exchange Commission for a public offering. Global Stablecoins Could Eventually Become Reserve Currencies: IMF Paper The IMF paper suggests the U.S. dollar's role as the dominant reserve currency is safe for now, but private digital currencies could come to compete in time.

With bitcoin surging to highs of $23K and Paxos raising a monster funding round, CoinDesk’s Market’s Daily is back with another crypto news roundup. This episode is sponsored by Crypto.com and Nexo.io. Today's stories: Bitcoin Drops Nearly 7% After Setting New Record High of $23,770 Bitcoin surged to new record highs above $23,000 earlier on Thursday, before quickly falling back by over $1,500. Paxos Raises $142M Series C Following PayPal Deal, OCC Bank Charter Application Paxos has raised $142 million to facilitate mainstream adoption. “We think that opportunity is now,” said CEO Charles Cascarilla. The Big Banks Riding Bitcoin's Bull Run Banks joined the crypto conversation as bitcoin marched to $20,000. Here's a list of recent crypto developments in the banking sector. Above $100: Litecoin Hits Highest Price Since Summer 2019 Litecoin hasn't been in three figures since its second mining reward halving in 2019.

With BTC breaking $20K for the first time and the Fed announcing yet another change to monetary policy, CoinDesk’s Market’s Daily is back with another crypto news roundup. This episode is sponsored by Crypto.com and Nexo.io. Today's stories: Bitcoin Hits Record Above $20K as Analysts Remain Confident of Future Bitcoin has risen above $20,000 to reach the highest point in its 12-year history. New York's Quontic Becomes First US Bank to Offer a Bitcoin Rewards Debit Card Queens-based Quontic Bank has become the first FDIC-insured financial institution to launch a bitcoin rewards checking program. New Federal Reserve 'Qualitative' Approach Could Push Further Into Experimental Realm "Qualitative" is the new "quantitative" as economists predict the Federal Reserve will move to add subjectivity to its rules on money printing. Silk Road's Ulbricht Being Considered for Pardon by Trump: Report The White House counsel's office reported to be reviewing the case documents for the convicted Silk Road operator.

With a new plan to return more than 100,000 BTC to long-suffering exchange customers-turned-creditors and with a look at Argentina and broader crypto adoption across South America, CoinDesk's Market's Daily is back with another crypto news roundup. This episode is sponsored by Crypto.com and Nexo.io. Today's stories: Bitcoin May Have Hit Wall of Profit Takers Around $19,500: Analyst Huobi Global saw an influx of larger-than-average bitcoin deposits soon before the price drop, an analyst said. Mt Gox Creditors' Wait Nearly Over as Trustee Announces Draft Rehabilitation Plan Mt. Gox’s trustee Nobuaki Kobayashi has at last filed a draft plan for the rehabilitation of creditors including former users. Crypto Is Booming in Economically Challenged Argentina Argentina's crypto industry saw record trading volumes this year, amid the COVID-19 pandemic and economic hardship. Buterin Warns Followers Not to Take Out Personal Loans to Buy Crypto Ethereum founder Vitalik Buterin took to Twitter to warn his followers not to take personal loans to purchase cryptocurrencies.

With BTC back up above $19K and the upcoming digital yuan not looking to "replace existing currencies," CoinDesk's Market's Daily is back with another crypto news roundup. This episode is sponsored by Crypto.com and Nexo.io. Today's stories: Bitcoin Still on Track to Breach $20K in Coming Weeks: Analysts Bitcoin's revived uptrend could soon lead to a much-anticipated breakout above the $20,000 mark, according to several analysts. MassMutual's $100M Bitcoin Investment Marks Adoption Milestone: JPMorgan JPMorgan analysts said MassMutual's recent $100 million bitcoin purchases are a sign of growing mainstream acceptance for the cryptocurrency. Bitcoin's Relationship With Gold Is More Complicated Than It Looks Just because gold is losing momentum and bitcoin is gaining it doesn't mean investors are selling gold to buy bitcoin – not yet, anyway. Ex-People's Bank Chief Says Digital Yuan Not Planned to Replace Global Currencies "We are not like Libra and we don’t have an ambition to replace existing currencies,” said a former governor of the People's Bank of China.

In this special episode of Markets Daily, CoinDesk Podcasts editor Adam B. Levine reads Danny Nelson's exploration of Michael Saylor, CEO of Microstrategy and one of CoinDesk's Most Influential people in 2020 This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch LVL.co.

With the price of bitcoin looking weak and a major crackdown on crypto anonymity in France, CoinDesk's Market's Daily is back with another crypto news roundup. This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch LVL.co. Stories: First Mover: Bitcoin Stuck as ECB's Lagarde Primes Extra €500B Stimulus The ECB's decision to expand an emergency bond-buying program by €500B may represent latest installment of years-long balance-sheet increase. France Declares War on Crypto Anonymity, Cites 'Terrorism' in KYC Mandate The French finance ministry is imposing sweeping KYC rules on all VASPs in the country. Cryptocurrency Founder Charged With Avoiding Tax to Buy Yachts and Homes "Bruno Brock" is alleged to have avoided tax on sales of the pearl cryptocurrency as well as minting free tokens for himself. SpaceChain Awarded $585K Grant to Co-Develop Decentralized Satellite System U.K.-based SpaceChain beat 13 other national applicants to secure the funding.

With bitcoin dropping more than $1,000 in overnight trading and more positive comments from the head of the world's largest hedge fund, CoinDesk's Market's Daily is back with another crypto news roundup. This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch LVL.co. Stories: First Mover: Why Wells Fargo Won't Recommend Bitcoin to Clients A Wells Fargo unit doesn't recommend bitcoin to clients, since they can't yet hold cryptocurrency in their accounts. What if that ever changed? Bridgewater's Ray Dalio Softens Stance on Bitcoin, Says It Has Place in Investors' Portfolios The founder of the world's largest hedge fund says bitcoin can for part of a diversified portfolio, though he may still prefer gold. Bitwise's Crypto Index Fund Becomes Available To US Investors Bitwise has launched the first crypto index fund available to investors in the U.S. Citi Analyst Chides Saylor's Bitcoin Focus, Cuts MicroStrategy to 'Sell' MicroStrategy was trading sharply lower Tuesday after a Citi analyst changed his rating to "sell."

With Bitcoin down 2% from yesterday and weekly inflows to cryptocurrency funds near record highs, CoinDesk's Market's Daily is back with another crypto news roundup. This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch LVL.co. Stories: Bitcoin Drops 2% as European Stocks See Losses on Brexit Concerns Bitcoin took a dip Tuesday as traditional markets suffer the jitters over fears of a "no-deal" Brexit. Crypto Funds Have Seen Record Investment Inflow in Recent Weeks In the last month, weekly inflows to cryptocurrency funds from institutional investors have been breaking records, according to data reported by Reuters. Blockstack's Stacks Tokens Could Be Tradable in US Amid New Blockchain Launch Blockstack's Stacks tokens could soon no longer be a security in the US and become available to US investors. Biden Administration Will 'Ultimately Be Supportive' of Crypto: Circle CEO Oon CNBC’s ‘Squawk Box’ on Monday, Allaire spoke about the regulatory attitudes toward stablecoins and how the incoming administration may treat crypto.

With the price of bitcoin struggling to break through $20K and a possible rollback of Trump-era crypto rules in the US, CoinDesk's Market's Daily is back with another crypto news roundup. This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch LVL.co. Stories: Psychology, Sell Pressures Keep Bitcoin Below $20K Psychology and selling pressures have kept bitcoin's price below $20,000. US Financial Services Chair Tells Joe Biden to Rescind OCC Crypto Guidance The head of the House Financial Services Committee wants President-elect Biden to to rescind guidance by the OCC that national banks may hold stablecoin reserves as a service to bank customers. Japanese City to Trial Blockchain Voting System Kaga, Ishikawa Prefecture, is looking at blockchain tech to solve problems in the city, starting with an e-voting system.

With Bloomberg predicting $50K BTC in 2021 and rumors of crypto clarity as the Trump administration winds down, CoinDesk's Market's Daily is back with another crypto news roundup. This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch Allnodes Today's stories: Bitcoin Price Could Hit $50K in 2021, Bloomberg Analysts Say "Bitcoin's macroeconomic, technical and demand vs. supply indicators supportive of $50,000 target resistance," according to Bloomberg. OCC Chief Hints at Coming 'Good' Actions on Crypto by End of Trump's Term Brooks hinted at a flurry of crypto clarity actions in the next 6 weeks that could drive more institutions into the asset class. S&P Dow Jones Indices to Launch Crypto Indexes in 2021 Financial data provider S&P Dow Jones Indices is launching a crypto asset index in 2021. Ripple CTO Says Majority Vote Would Force the Burning of Billions in XRP The Ripple exec was responding to a question asking whether a majority vote could force the destruction of XRP held in escrow.

With lots of big news around stablecoins and a quick look at ETH 2.0, CoinDesk's Market's Daily is back with another crypto news roundup. This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch Allnodes Today's stories: Worsening US Dollar, Inflation Metrics Bode Well for Bitcoin's Continued Rally A continued decline in the U.S. dollar and rising inflation expectations support bitcoin's long-term bullish case as a hedge asset. US Bill Would Require Stablecoin Issuers to Get Bank Charters Rep. Rashida Tlaib, Rep. Stephen Lynch and Rep. Jesus Chuy Garcia have introduced a bill that would require stablecoin issuers to secure bank charters and either obtain FDIC insurance or maintain full reserves to operate in the U.S. Valid Points: The Risks and Rewards of Staking on Eth 2.0 Breaking down Ethereum 2.0 and its sweeping impact on crypto markets, weekly. Visa May Launch USDC Credit Cards Next Year Visa is linking its payments network of 60 million merchants to the USDC stablecoin, according to Forbes.

With the price of BTC closer than ever to $20K and the largest asset manager in the world talking bitcoin, CoinDesk's Market's Daily is back with another crypto news roundup. This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch Allnodes Today's stories: Bitcoin Sees Record Number of Active Users as Price Almost Hits $20K As bitcoin set a new price high closer to $20,000 on Tuesday, the network also saw record-breaking user activity. Almost 20% of PayPal Users Have Used App to Trade Bitcoin, Mizuho Says About 65% of users would use bitcoin as a currency at PayPal's 28 million merchants. XRP Led November's Crypto Bull Run With 169% Gain XRP jumped 169% in November to top the performance rankings among digital assets in the CoinDesk 20, outperforming bitcoin and ether. CEO of World's Largest Asset Manager Says Bitcoin Can Possibly 'Evolve' Into Global Asset The head of the world's largest asset manager has provided a bullish take on the world's first cryptocurrency.

With BTC breaking its all-time high and the ETH 2.0 rollout entering its next phase, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch Allnodes Today's stories: Google Searches for 'Bitcoin Price' Hit 18-Month High Google searches for "bitcoin price" are double levels seen a few weeks ago. 5 Reasons Why Bitcoin Just Hit an All-Time High Price Growing investor interest, central bank money printing and PayPal's entree helped push bitcoin prices above their previous December 2017 record. Ethereum 2.0 Beacon Chain Goes Live as 'World Computer' Begins Long-Awaited Overhaul The Beacon Chain, the backbone of Ethereum's future Proof-of-Stake network, is now live. Ringleaders of PlusToken Scam Jailed for Up to 11 Years Fourteen operators of the giant PlusToken scam have been sentenced in China to up to 11 years in prison.

With bitcoin headed up on its roller-coaster ride towards $20K and yet another multi-billion-dollar fund looking to invest in BTC, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch Allnodes Today's stories: Despite 12% Crash, Bitcoin Looks Set to Make Highest Monthly Close Ever A record monthly close could be a harbinger of more profound price gains to come, according to analysts. Guggenheim Fund Files to Be Able to Invest Up to Almost $500M in Bitcoin Through GBTC The Guggenheim Macro Opportunities Fund will now be able to invest up to 10% of its net asset value in the Grayscale Bitcoin Trust. How Bitcoin Development Is Evolving – and What's Behind It Markets Bitcoin price spikes grab headlines, but the asset's long-term value depends on its developers – and what drives them. Bolivian Cattle Ranch Will Be Tokenized to Open Up Business to Investors The token is being claimed as the first blockchain-based financial instrument in Switzerland to hold an International Securities Identification Number.

With BTC breaking $19K and Ethereum 2.0 ready to launch, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com and Nexo.io. Today's stories: Bitcoin Breaks $19K, New All-Time High Seems Imminent Bitcoin, the world's No.1 cryptocurrency by market capitalization, has breached the $19,000 level. XRP Price Surges to 2-Year High as Airdrop Frenzy Builds The December airdrop of 45 billion spark tokens may be fueling XRP's rapid climb to two-year highs, say analysts. Ethereum 2.0 Deposit Contract Has Enough Funds to Launch The smart contract required for triggering Ethereum 2.0 has enough funds to begin activation of its most ambitious upgrade yet. Gazprombank Switzerland Executes First Bitcoin Trades, Announces Payments Initiative The regulated Swiss bank said it is working on developing a standard for cryptocurrency payments between members of the OpenVASP association.

This episode was recorded live during the Bitcoin for Advisors event on November 9th, 2020. In this sponsored "Ask Me Anything" session led by NLW, host of the Breakdown and featuring BitGo CEO Mike Belshe, they discuss the shifting landscape of bitcoin and cryptocurrency adoption.

With BTC heading for a potentially volatile week and XRP hitting 16-month highs, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com and Nexo.io. Today's stories: First Mover: Bitcoin 'Rich List' Grows as Whales HODL and Price Retakes $18K Bitcoin's "rich list" hits an all-time high alongside the meteoric price rally. XRP Rises More Than 30% as Altcoins Piggyback on Bitcoin's Wave The native asset of the XRP ledger has surged to 16-month highs. China Construction Bank Pulls Planned Listing of Bitcoin-Tradable Bond The "Big Four" Chinese bank has suspended the listing of a $3 billion bond issuance that was intended to be tradable for bitcoin and U.S. dollars. China to Hold Second Lottery Trial of the Digital Yuan A lottery in Suzhou will additionally trial the offline feature of the digital yuan, per a Monday report. John Lennon's Son Says Bitcoin 'Empowers' People Like Never Before Sean Ono Lennon praised bitcoin for its ability to help individuals transcend politics and world events.

With a BTC retirement plan launch and Goldman Sachs digital yuan predictions, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com and Nexo.io. Today's stories: US Firm Launches Company-Sponsored Bitcoin Retirement Plans Digital Asset Investment Management says its new retirement plans can help savers beat inflation. Morgan Creek CEO Says Bitcoin Doing 'Extremely Well' Due to Fed Reserve's Dollar Devaluation CEO Mark Yusko said "zombie companies" left the Fed no choice but to devalue the dollar, prompting investors to turn to bitcoin and gold. Goldman Expects Digital Yuan to Reach 1B Users in 10 Years Goldman Sachs predicts China’s digital yuan will attract 1 billion users within a decade, helping China’s commercial banks compete with fintech companies. Japan's Banking Giant MUFG Plans to Launch Blockchain Payment Network in 2021 Japanese banking giant MUFG plans to launch its blockchain payment network across the country in 2021 with U.S.-based fintech company Akamai.

With reactions to BTC's rise and reported miner problems in China, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com and Nexo.io. Today's stories: Deutsche Bank Says Investors Increasingly Prefer Bitcoin Over Gold as Inflation Hedge The Deutsche Bank analyst's comments are another sign of bitcoin's increasing acceptance in the mainstream of finance. Bitcoin's Rally Could Be Caused by a Supply Crunch in China Chinese miners are struggling to sell their crypto in ways that would quickly get them much-needed cash in the face of a government crackdown on local exchanges. 30 Japan Firms to Collaborate on Private Digital Yen: Reuters A group of Japanese companies plans to develop and test a private digital currency that would work alongside cash. 'Not My Cup of Tea': Jamie Dimon Is Still Not a Bitcoin Fan The JPMorgan Chase CEO said it's only a matter of time before the government moves to regulate bitcoin.

On this episode of On Purpose, host Tyrone Ross speaks with Jason Wenk of Altruist.com, a soon-to-launch technology platform that helps your financial advisor give you a delightful experience with your money.