Markets Outlook

With BTC breaching $18K, 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 Indicator Suggests Bull Market Is Still in Early Phase The Mayer Multiple indicator suggests the bull market is still far from peaking, even as bitcoin closes in on its all-time high. This $29B Asset Advisory Is Giving Wealth Managers and Clients a Bitcoin On-Ramp Mariner Wealth Advisors has tapped crypto firm Eaglebrook for its new bitcoin allocation engine. Cynthia Lummis, Wyoming's Incoming Senator, Wants to Explain Bitcoin to Congress Cynthia Lummis, who won an open U.S. Senate seat in Wyoming, wants to explain bitcoin's value to her new colleagues. Mexico's Second Richest Man Reveals 10% of His Liquid Assets Are in Bitcoin Billionaire founder of Grupo Salinas, Ricardo Salinas Pliego said: "Bitcoin protects the citizen from government expropriation."

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 Slices Through $17,000 as Market Cap Nears All-Time High Bitcoin last traded above $17,000 on Jan. 7, 2018. Coinbase Goes Down as Bitcoin Nears $17K Coinbase has suffered a number of outages during busy trading periods this year including most recently on Oct. 27. Gold Lags Far Behind Bitcoin as Vaccine Optimism Buoys Markets Bitcoin is outshining the precious metal by a significant margin as expectations soar of a swift global economic recovery enabled by promising coronavirus vaccines. China's Crypto Miners Struggle to Pay Power Bills as Regulators Clamp Down on OTC Desks Miners in China have reportedly been struggling to pay for electricity after authorities started cracking down on OTC brokers in the country.

With Citibank telling institutional clients BTC is a 6-digit moonshot and Fidelity now debunking common bitcoin concerns, 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: Record Levels of Negative-Yielding Debt Strengthen Case for Bitcoin: Analysts With negative-yielding bonds at a new high, investors are looking elsewhere for returns. Bank of England Official Balks at Shielding Banks Against Digital Currencies: Report Deputy Governor Jon Cunliffe says protecting bank business models is not BoE's responsibility. Fidelity's Crypto Arm Responds to 6 Common Bitcoin Criticisms Fidelity Digital Assets has responded to some of bitcoin's most frequent criticisms citing heightened interest in the cryptocurrency. Citibank Executive Says Bitcoin Could Pass $300K by December 2021 A senior executive at U.S. financial giant Citibank has released an internal report drawing on similarities to the 1970s gold market and bitcoin.

With BTC holding above $16K and PayPal services live in the wild, 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: PayPal Removes Waitlist for New Crypto Service, Boosts Weekly Purchase Limit to $20K All eligible PayPal accountholders in the U.S. can now buy, hold and sell cryptocurrency, the company announced Thursday. $300M in Bitcoin Flow to Binance From Huobi as China Gets Tougher on Exchanges The Chinese government cracks down on the crypto exchanges (again), but Binance has been benefiting. Payments Provider BitPay Rolls Out Cryptocurrency Payroll Service With the launch, BitPay now provides a new alternative to crypto payroll services such as BitWage.

With BTC breaking above $16K and DeFi reaching new record 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: Bitcoin Price Breaks Above $16K for First Time in 3 Years Bitcoin's price breaks above $16,000, reaching an almost three-year high. Total Value Locked in DeFi Sector Hits Record $13.6B The U.S. dollar value of the cryptocurrency liquidity locked up in decentralized finance is surging, buoyed by big gains for some lesser known projects. 98% of Bitcoin's 'Unspent Outputs' Are Worth More Than When Made The percentage of bitcoin unspent transaction outputs (UTXOs) in profit recently topped 98%, the highest level since December 2017. US Representatives Rip OCC, Brooks for 'Excessive Focus' on Crypto Congressional Democrats blasted the OCC and Acting Comptroller Brooks for spending time on crypto during a pandemic.

In this special episode recorded live on Wednesday, November 4th, 2020 we'll join independent investment adviser Tyrone Ross as he speaks with Adam Pokornicky, COO of Digital Asset Investment Management; Andy Edstrom, financial adviser and investor at WESCAP Group; and Sunayna Tuteja, head of digital assets at TD Ameritrade. In this hour long session they explain the institutional landscape and how they think about it. They discuss the big questions for financial advisers and professional investors in a jargon-free, transparent discussion. Towards the end of the session they field and answer live questions from registered financial advisors new to the space. This is an episode you won't want to miss.

With analysts looking towards new all-time highs for BTC and newly mined bitcoins finding their way onto the Ethereum blockchain, 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 Likely to Consolidate Before December Rise Toward $20K, Say Analysts The bitcoin market is likely to take a breather before continuing its rise toward $20,000 the end of the year, analysts told CoinDesk. Nearly $360M in Bitcoin Moved to Ethereum in October Despite DeFi Cool Off October’s growth is less than half of September’s 68,000 newly tokenized bitcoins. Ethereum Service Providers Experience Issues After Reported Blockchain Split Platforms using an older version of the Ethereum client Geth experienced an accidental split of the chain Wednesday morning. Biden Confirms Gensler Will Lead Financial Policy Transition Team Gary Gensler, Simon Johnson and Mehrsa Baradaran are among the policy experts versed in crypto and blockchain issues named to Biden’s transition team.

With a look at BTC's massive 2-month rally and and inflation speculation intensifying, 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: 3 Reasons Bitcoin Has Rallied Over 60% in Just Two Months We've all watched bitcoin rally sharply since September. But what's driving the bull market? Billionaire Hedge Fund Investor Druckenmiller Says He Owns Bitcoin in CNBC Interview The Wall Street legend still owns far more gold, but said if gold does well, bitcoin will do better. Debate Rages on Whether a Digital Dollar Will Unleash Inflation Some speculate that if the Fed implements a digital dollar, soaring inflation will soon follow. West African Program Will Store Weather Data on a Blockchain Telokanda, a collaboration between Telos and open-source weather tech company Kanda in West Africa hopes to engage local communities in collecting and sharing weather data on the Telos public blockchain.

With little technical resistance standing between BTC and new all time 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: Bitcoin's Weekly Close Above 2019 High Leaves Runway Clear to $20K Bitcoin has closed above last year's high, toppling a final technical barrier on the road to a potential new all-time high. Veteran Investor Bill Miller Says Every Major Investment Bank Will Own Bitcoin or Something Like It Following bitcoin purchases by MicroStrategy and Square, Miller said every major investment bank and high-net-worth firm will eventually have exposure to bitcoin or commodities like gold. Family Offices May Now See Bitcoin as Alternative to Gold: JPMorgan Report In a research report by JPMorgan’s global markets team, analysts noted that Grayscale Bitcoin Trust’s flow trajectory outperformed gold ETFs. Crypto Lender Cred Files for Bankruptcy After Losing Funds in Fraud In October, the lender published a cryptic letter saying it has experienced “irregularities” in the handling of “specific” corporate funds by a “perpetrator of fraudulent activity.”

With BTC surging past $15K and new blockchain projects out of Spain, 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: As Bitcoin Surges, Google Searches Suggest Little FOMO Among Retail Investors Web search data suggests popular interest in bitcoin remains at normal levels, despite a sharp price rally to near $16,000. US Seized More Than $1B in Silk Road–Linked Bitcoins, Seeks Forfeiture The seizure on Tuesday, tied to the Silk Road marketplace, is reported to be the largest the U.S. has ever done. Major Spanish Firms Including Santander Unveil Blockchain Identity Project A group of Spanish companies, including banks and energy firms, is working to develop a "self-managed" digital identity system using blockchain technology. South Korean Crypto Firms Must Disclose Users' Identities Under Planned Law Change South Korea's top financial watchdog wants legal changes making it mandatory for cryptocurrency firms to report the names of customers.

With BTC nearing $15K and big industry getting into mining, 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 Jumps Above $14.5K, Taking 2020 Gains to Over 100% Bitcoin's price jumped to a 33-month high of $14,558 soon before press time, taking the year-to-date gains to 101%. Someone Just Paid a $9,000 Fee for a $120 DeFi Transaction A Reddit user said they accidentally paid a fee 80 times the transaction value while executing a swap on Uniswap. Russian Hydropower Giant Opens Bitcoin Mining Farm En+, one of the world's largest energy producers, is joining forces with crypto firm BitRiver to open new mining farms in Russia. US Prosecutors Seek 'Substantial' Prison Sentence for Centra Tech Co-Founder in $25M Fraud Token Sale According to court documents, U.S. federal prosecutors are asking that one of Centra Tech’s co-founders, Robert Farkas, be sentenced to prison instead of his request for home confinement and community service.

Independent investment adviser Tyrone Ross speaks with Certified Financial Planners (CFP) Justin Castelli and Douglas Boneparth about how they're looking at bitcoin and what they're hearing from clients. "My biggest concern is that things move too slowly," said Douglas Boneparth, "The horse is out of the barn. You now have advisers getting flak from their clients on 'why am I not here? You've been telling me you mined bitcoin in 2014 and you ... are generally positive about it. You've also been telling me you can't advise about it. ... And I don't want to hear about the SEC and regulations or other things. You're my adviser, should I have been advised on it?’ There's a tolerance here that other clients are going to have. If you tell them ‘no’ too many times, they're going to tell you ‘no’ by firing you. Right now that seems a little extreme, but if you pan out five or 10 years, you have time on your side to see something like bitcoin or crypto rise..." "I don't have a lot of inbound demand," said Justin Castelli, "But I have a weekly email that I've refined and sent to clients. I'm going to start putting some information in there because I don't know how many of my clients realize i've spent a lot of time researching it, that I know about it, that I personally do some investing in it on my own. I want them to feel comfortable coming to me, knowing that I know about it." "But Interestingly enough," he continued, "Yesterday I was doing a review with a 58- and 59-year-old couple. They have a lot of cash, wondering, 'what can we do?', and they saw my StockTwits bitcoin, litecoin, ripple on [the wall of my office], and the wife said she'd heard about bitcoin and asked [me] about it. She was actually very interested in learning more because they have more than enough in equities. They're at a point now where they could afford to do this if they understand it. She's like, 'I really like the sound of this, I want to learn more.' Whether or not she actually does it, I don't know, but it was very interesting because you'd think it'd be my younger clients who get more excited about it but yesterday it was a retiree, a former teacher at that, who was interested in it." Advisors learn for free: The goal of Bitcoin for Advisors is to equip investment advisors with tools to better understand bitcoin, talk to their clients about bitcoin and to work bitcoin into their businesses. We’re working closely with professional advisors to build out a program that is timely, valuable and actionable for the financial advisor community, and presented in a manner that is targeted and relevant to their interests. Through a series of keynotes, panels and interactive roundtable sessions, we will discuss investment theses for bitcoin, why younger demographics are turning to this asset and how it fits into the current global macroeconomic picture. We will also walk through the practicalities: how to answer client questions about bitcoin, how to talk to your compliance department about bitcoin and how bitcoin can help grow your book. Advisors will walk away from this virtual event with a grasp of how bitcoin fits into the world and their businesses.

With BTC breaking above $14K and post-election impacts on crypto, 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 Drops as Trump Threatens to Stop Vote Counting Bitcoin fell after President Trump alleged "fraud” in the presidential election and pledged to stop vote counting. Ethereum Fees Plummeted 65% in October Following DeFi Volumes Back to Earth Miners' income from processing transactions on the Ethereum blockchain more than halved in October as the mania for DeFi cooled. Here Are the 2020 Election Races Crypto Should Watch Lawmakers who are important to the crypto industry are on the ballot this year. CoinDesk is tracking these races for Election 2020. Nearly $1B in Bitcoin Moves From Wallet Linked to Silk Road A wallet possibly belonging to early dark net market Silk Road moved almost $1 billion worth of bitcoin early on Wednesday.

With BTC pulling back from Saturday's high of $14K, 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 Revisits $13.5K After Posting Best Month Since April After October's double-digit price gain, bitcoin may be looking at a short-term pullback. Square Funds Designer to Make Crypto Wallets Usable by Anyone Maggie Valentine was awarded a grant to help make bitcoin wallets less complicated for non-crypto users. Suit Alleges BitMEX Chiefs 'Looted' More Than $440M From Exchange After Finding Out About Probes The suit seeks an order of attachment against the parent company of BitMEX. Cayman Islands Announces Legal Framework in Bid to Attract Crypto Businesses The Cayman Islands is building a regulatory framework for "virtual asset service providers" with some measures already enacted.

With the average BTC transaction fees above $11 and a Binance leak, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic. Today's stories: Bitcoin Traders Can Now Bet on $40K Price With New Deribit Options Options at a $40,000 strike price expiring in March 2021 and June 2021 went live on Deribit early on Friday Bitcoin Transaction Fees Rise to 28-Month High as Hashrate Drops Amid Price Rally The cost of doing transactions on bitcoin is surging at a time the network is suffering its worst congestion in nearly three years. Iran Amends Law to Allow Imports to Be Funded With Cryptocurrency Strapped for international currencies, Iran is turning to cryptocurrency to allow imports to continue flowing. Leaked Docs Reveal How Binance Dealt With US Regulations: Report Crypto trading colossus Binance created a corporate plan for profiting from the U.S. market while avoiding regulatory scrutiny, Forbes reported Thursday, citing a 2018 document it obtained.

As bitcoin’s chance at a new record high fades for 2020, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic. Today's stories: Bitcoin's Options Market Sees Just 6% Chance of $20K Before Year's End At press time, bitcoin was seeing a 6% probability of bitcoin trading above the historical 2017 all-time high of $20,000 by the end of December. Avanti Financial Joins Kraken as a Wyoming-Approved Crypto Bank Blockchain pioneer Caitlin Long is now the CEO of her own special purpose depository institution (SPDI) in Wyoming. Bank of Canada Governor Says Digital Dollar Project Moving Past Trial Stage Tiff Macklem said Canada's digital dollar initiative is progressing past the experimental phase and that the G7 needs to coordinate on digital currencies. Two Indicted in Latest Federal Prosecution of SIM-Swapping Crypto Theft One alleged conspirator tried to SWAT the other after he "failed to share" the pair's stolen crypto.

In this episode of the “On Purpose” podcast, join host Tyrone Ross and Kevin Kelly, co-founder of Delphi Digital, as they dig into our current global macro environment for a look at how and why it's driving interest in bitcoin for financial advisors and their clients. A word from Tyrone: Welcome back to the “On Purpose” podcast, I am your host Tyrone Ross, and in this episode you will hear my conversation with Kevin Kelly – all my quants and global-macro folks, get close! In this conversation we talk about why bitcoin can play a meaningful role in your portfolio as financial advisors start to engage clients in a low-rate environment where everyone is reaching for return and yield. Paul Tudor Jones recently called bitcoin “the fastest horse in the race” and Kevin breaks down why we’ve seen this massive run in bitcoin. He’ll give you all the reasons why we’ve seen the buildup from a global macro standpoint. It’s an incredible conversation, I can’t use “exogenous” in a sentence like he does but he really nailed it in this one. If you enjoy this program make sure you like, share and retweet. If you love it, we’ll see you on the next one. I appreciate you. - Tyrone Ross Advisors learn for free: The goal of Bitcoin for Advisors is to equip investment advisors with tools to better understand bitcoin, talk to their clients about bitcoin and to work bitcoin into their businesses. We’re working closely with professional advisors to build out a program that is timely, valuable and actionable for the financial advisor community, and presented in a manner that is targeted and relevant to their interests. Through a series of keynotes, panels and interactive roundtable sessions, we will discuss investment theses for bitcoin, why younger demographics are turning to this asset and how it fits into the current global macroeconomic picture. We will also walk through the practicalities: how to answer client questions about bitcoin, how to talk to your compliance department about bitcoin and how bitcoin can help grow your book. Advisors will walk away from this virtual event with a grasp of how bitcoin fits into the world and their businesses.

With BTC's rally looking overstretched and a new investor survey, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic. Today's stories: Is Bitcoin's Rally Overstretched? This Key Indicator Says No Bitcoin has plenty of room to rally, according to a fundamental analysis indicator that flagged the price bottom in March. More Than Half of US Investors Interested in Bitcoin, Grayscale Survey Finds A survey from Grayscale Investments suggests interest in bitcoin is on the rise, with the coronavirus being a driver of new investors. MicroStrategy Is Looking to Buy More Bitcoin, President Says Bitcoin is boosting MicroStrategy's market visibility, say executives. Revenues rose 6.4% year-over-year and the company notched a net loss of $14.2 million for the quarter. Trump Campaign Website Hit by Hackers Touting Crypto Scam The U.S. president's campaign website was briefly compromised on Tuesday as hackers looked to fleece cryptocurrency from unsuspecting supporters in the final days before the 2020 election.

With BTC headed headed towards multi-year highs and a crypto launch from mainstream financial firm JP Morgan, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic. Today's stories: Bitcoin Hits 15-Month High Despite Sell-Off in Global Stocks Bitcoin's (BTC) price has climbed to 15-month highs even as coronavirus-induced instability rocks the stock markets. Harvest Finance: $24M Attack Triggers $570M 'Bank Run' in Latest DeFi Exploit Harvest Finance has seen its total value locked drop by more than $500 million in the 12 hours since being hit by a flash loan attack. PayPal's Crypto Offering May Mean a Bigger Tax 'Headache' PayPal opening its network to cryptocurrencies could create a serious tax headache for users. JPMorgan's 'JPM Coin' Is Live, Execs Say A major tech firm is about to start using JPM Coin in global payments, as the investment bank doubles down on its blockchain business.

In this episode of the “On Purpose” Podcast, join host Tyrone Ross and Morgen Rochard, author, CFA, CFP of Origin Wealth Advisors as they dig into why bitcoin and only bitcoin is where financial advisors should focus their attention and limited time. A word from Tyrone: “Welcome to this episode of the On Purpose podcast, I’m your host Tyrone Ross and in this episode you’ll hear my conversation with Morgen Rochard, CFA, CFP who is, of course, a member of the CoinDesk FA (financial advisor) council. She’s also the better half of Pierre Rochard for those of you who follow the crypto space. In this conversation you’ll hear us talk about bitcoin and bitcoin only. We’ll talk about why financial advisors should ONLY pay attention to bitcoin and nothing else. Morgen shares her approach to conversations with clients about bitcoin... She’ll also give you some ideas of where you (if you’re listening to this, Mr. or Ms. Advisor) can feel comfortable with your clients going out and getting access to bitcoin. I hope you enjoy our discussion. Like it, retweet it, share it, put it in the family chat... We’ll be back on Thursday with my good friend Kevin Kelly of Delphi Digital, but for today enjoy Morgen’s wisdom. And until next time, I appreciate you!” - Tyrone Ross Want to learn more? The goal of Bitcoin for Advisors is to equip investment advisors with tools to better understand bitcoin, talk to their clients about bitcoin and to work bitcoin into their businesses. We’re working closely with professional advisors to build out a program that is timely, valuable and actionable for the financial advisor community, and presented in a manner that is targeted and relevant to their interests. Through a series of keynotes, panels and interactive roundtable sessions, we will discuss investment theses for bitcoin, why younger demographics are turning to this asset and how it fits into the current global macroeconomic picture. We will also walk through the practicalities: how to answer client questions about bitcoin, how to talk to your compliance department about bitcoin and how bitcoin can help grow your book. Advisors will walk away from this virtual event with a grasp of how bitcoin fits into the world and their businesses.

With BTC finally above $13K and at least some clarity from the IRS on crypto tax reporting, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic. Today's stories: Number of Bitcoin 'Whale' Addresses at Highest Since Fall 2016 The number of investors with over 1,000 bitcoin has peaked to four-year highs amid the recent price rally. Bitcoin's Rivalry With Gold Plus Millennial Interest Gives It 'Considerable' Upside Potential: JPMorgan A Friday note outlines institutional, corporate, and Millennial interest in the leading cryptocurrency. Tax Payers Must Disclose Airdropped, Forked Cryptos, Says IRS' Draft 2020 Guidance The U.S. tax agency has clarified who needs to answer "yes" to a question over cryptocurrency activity included in the draft 1040 income tax form. Virgil Griffith's Attorney Files Motion to Dismiss Sanctions Charges The motion, filed by Brian Klein, claims the indictment of Griffith doesn't "specify any alleged overt facts," and contains no actual allegation of fact.

In this episode of the “On Purpose” Podcast, join Host Tyrone Ross and guests Adam Pokornicky of DAiM Bitcoin Wealth Management and Adam Blumberg, Co-founder of Interaxis as they discuss and dissect the unique advantages and challenges for advisors and their clients looking to include bitcoin in their investment strategies. A word from Tyrone: “…In this episode I’ll be talking with “The Adams” who are part of the FA council along with myself at CoinDesk and we will be discussing Bitcoin in retirement accounts, IRAs, the whole thing. Everything about it that financial advisors don’t understand and need to know if this is truly going to be a viable asset that’s going to be a part of client portfolios. I think you’ll find the conversation engaging and fruitful. Listen, share, like, subscribe if you find it valuable. I will see you all on the next one, until then… live ‘On Purpose!’ I appreciate you.” - Tyrone Ross Want to learn more? The goal of Bitcoin for Advisers is to equip investment advisors with tools to better understand bitcoin, talk to their clients about bitcoin and to work bitcoin into their business. We’re working closely with professional advisers to build out a program that is timely, valuable and actionable for the financial advisor community, and presented in a manner that is targeted and relevant to their interests. Through a series of keynotes, panels and interactive roundtable sessions, we will discuss investment theses for bitcoin, why younger demographics are turning to this asset and how it fits into the current global macroeconomic picture. We will also walk through the practicalities: how to answer client questions about bitcoin, how to talk to your compliance department about bitcoin and how bitcoin can help grow your book. Advisers will walk away from this virtual event with a grasp of how bitcoin fits into the world and their business.

With traders anxiously watching bitcoin at $13K and more on the PayPal story, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic. Today's stories: First Mover: As Bitcoin Tops $13K, Analyst Explains How Blockchain Gives Clues on Next Move Chainalysis Chief Economist Philip Gradwell tips his five favorite blockchain data points for analyzing cryptocurrency markets. PayPal Said to Be in Talks to Buy Crypto Firms Including BitGo: Bloomberg PayPal's Move Is Good for Crypto Adoption but Not So Much for Profits: Morgan Stanley There may be more upside for crypto than for PayPal's earnings, researchers wrote. Hedge Fund Billionaire Tudor Jones Says Bitcoin Rally Only in 'First Inning': Report Jones said he has been surprised by the "intellectual capital" behind bitcoin.

With BTC pulling back from $13K and reactions to PayPal in the news, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic. Today's stories: Back at $13K: Bitcoin Unfazed by Profit Takers After Rise to 2020 High The bitcoin market looks to be shrugging off increased selling pressure from profit takers after prices surged this week. CFTC Provides Crypto Futures Firms New Storage Guidance The CFTC wants futures commission merchants to take care when dealing with customer's funds. Baby Steps or Handcuffs? Crypto Pros Assess PayPal's Bitcoin Play Fintech giant PayPal confirmed its move into crypto Wednesday. Is its no-withdrawals bitcoin service too restrictive or mainstream-friendly? Voyager Agrees to Buy LGO Markets and Merge 2 Firms' Tokens Two cryptocurrency trading firms are merging, and in a rare twist, so are their tokens.

In this kickoff episode of the On Purpose podcast, host Tyrone Ross catches up with his good friend and registered investment advisor Josh Brown. They cover the overall crypto landscape for advisors, what kind of demand Josh has seen and is seeing from his clients, what he thinks of Bitcoin’s progress so far not to mention his view on one of the much-anticipated Bitcoin ETFs. This is a fun, engaging conversation offering insight to advisors from one of the premier voices and thought leader in the RIA space. Be sure to listen to end to hear the identity of Satoshi Nakamoto according to Downtown Josh Brown!

With BTC's breakout and the latest on PayPal's big play, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic. Today's stories: Bitcoin Price Hits Two-Month High Above $12,300 Bitcoin's price clocked two-month highs above $12,370 on Wednesday. The options market expects a continued rally. PayPal Granted New York's First 'Conditional BitLicense' to Offer Crypto Services The New York Department of Financial Services license allows PayPal to offer cryptocurrency buying and selling through a partnership with Paxos. Central Bank of Bahamas Launches Landmark 'Sand Dollar' Digital Currency The Bahamas has officially launched the world's first national digital currency, the sand dollar. UK-Listed Firm Mode Putting up to 10% of Cash Reserves Into Bitcoin Mode said it's the first U.K. listed firm to invest in bitcoin as part of its treasury management strategy.

With bitcoin nearing $12K and the end of an era in Berlin, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic. Today's stories: Bitcoin Closes on $12K But a Wall of Sell Orders Awaits: Analyst Bitcoin is on the rise toward $12,000, but may face a stiff challenge to cross the price hurdle. Uniswap's First Governance Vote Ends in Ironic Failure The vote had been intended to decide whether or not to reduce the thresholds required to make and pass proposals on the DeFi protocol. Closing Time for Bitcoin's Iconic Room 77 – 'And That's OK,' Says Owner Room 77 originally opened as a side project, until Bitcoin came and made it an icon. Now, the first bar to ever accept bitcoin is closing.

With BTC transaction activity slowing and Filecoin miners striking, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic. Today's stories: 'Boring' Bitcoin Market Sends Miners' Fee Earnings to 3-Month Low Bitcoin's transaction activity has cooled amid the recent lull in price action – and that's hurting miners' earnings. Filecoin Miners Go On Strike One Day After Mainnet Launch, Prompting Early Reward Release Some of the largest Filecoin miners stopped mining on Saturday, complaining the project’s mining incentive scheme has made it impossible for the miners to start operations. The OKEx Drama Exposes a Weakness in Crypto Market Infrastructure The OKEx drama shows just how immature crypto markets are compared to traditional ones, but it also highlights their overall resilience. First Users Not So Impressed by China's Digital Yuan: Report A recent giveaway of China's in-testing central bank digital currency has reportedly left recipients wondering why they should change from existing solutions like Alipay.

With BTC dropping, OKEx halting withdrawals and Filecoin launching, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic. Today's stories: Bitcoin Price Dips 3% on OKEx News, Analysts Aren't Too Worried While market sentiment may remain temporarily weak after the OKEx news, a price crash looks unlikely. OKEx Suspends Withdrawals, Says Key Holder Not Available Due to Cooperation With Investigation Withdrawals are suspended as a key holder is "out of touch," preventing withdrawal authorizations. Nigeria Is Developing Strategies for National Blockchain Adoption Nigerian authorities are developing a roadmap for the adoption of blockchain technology in public administration and payments on a national scale. Filecoin Launch Finally Brings $200M ICO to Fruition Filecoin, designed as a decentralized alternative to Amazon Web Services, is now live as of block height 148,888, or 14:44 UTC.

With bitcoin falling back towards $11K and news out of the Invest: Ethereum Economy conference, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic. Today's stories: World's Growing Stockpile of Negative-Yielding Debt a Positive for Bitcoin, Say Analysts The search for profit is likely to intensify with amount of global debt offering negative yields more than doubling in the past seven months Blockchain Bites: Ethereum Power Users, Composability Questions, Staking Solutions This special edition of Blockchain Bites covers everything you need to know from CoinDesk's invest: ethereum economy conference and the news from elsewhere in the cryptoverse. New York Regulator Calls for More Social Media Oversight After Twitter Hack NYDFS said cybersecurity must be treated as critical infrastructure by governments and corporations alike.

With bitcoin traders eyeing $12K and Litecoin pivoting to privacy, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic. Today's stories: Bitcoin Steady Above $11,400 as Hashrate Reaches New High Bitcoin's record hashrate indicates fundamentals are stronger than ever, according to Skew Markets. JPMorgan Calls Square's $50M Bitcoin Investment 'Strong Vote of Confidence' for the Cryptocurrency Other payment companies will also likely follow in Square's footsteps or risk getting shut out of a growing segment, JPMorgan wrote. In Effort to Differentiate, Litecoin Makes a Move to Privacy Litecoin (LTC) founder Charlie Lee told CoinDesk in an interview the project is now looking to adopt key privacy-enhancing features, which he sees as increasingly attractive to cryptocurrency users. WEF Releases Report Assessing Global Blockchain Standards The Global Standards Mapping Initiative is the most "comprehensive" attempt so far to survey blockchain technical standards, the WEF said.

With BTC on its longest winning streak in more than a year and governments around the world working to craft a global CBDC framework, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic. Today's stories Bitcoin Eyes $12K Price After 6-Day Streak of Gains Bitcoin's six-day run of gains has shifted the focus to psychological hurdle of $12,000. Some analysts are looking even higher. Coinbase Wallet Users Can Now Purchase Crypto Inside the App For Coinbase users who don’t want to keep their funds on an exchange, the buying and storing crypto just became a lot easier. IMF, World Bank Plan Central Bank Digital Currency Rules Many of the world's largest economies will institute national digital currency banking standards with the International Monetary Fund and World Bank. Serena Williams Looks to Have Dropped Coinbase Investment After Activism Row Williams' venture firm no longer displays Coinbase in its portfolio.

With BTC back above $11K and China giving away its new digital currency, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic. Today's stories: Bitcoin Down 1% After Biggest Weekly Price Gain Since July Despite a dip today, bitcoin has crossed into bullish territory with the biggest weekly gain since July. BitMEX Exchange Hires Compliance Chief After US Charges BitMEX, the cryptocurrency derivatives exchange recently charged by U.S. authorities for offering illegal trading services, has hired a compliance veteran. Shenzhen Giving Away Millions in Digital Yuan in Lottery to Boost Consumption, Test Tech: Report The promotion is part of China's efforts to try out out and stimulate usage of its new digital currency. Spate of Bitcoin Extortion Bomb Threats Hit Government, Schools in Japan The extortionists demand a payment in bitcoin to avoid the detonation of an explosive device, per a report.

With BTC breaking above $11K and central banks collaborating to standardize CBDCs, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic.co. Today's stories: Bitcoin Tops $11K for First Time in Almost 3 Weeks Bitcoin appears to have broken out of its tight trading range over the past two weeks, between roughly $10,500 and $10,800. Square Puts 1% of Total Assets in Bitcoin in Surprise $50M Investment Jack Dorsey's payments company is the second publicly traded firm to put some portion of corporate reserves into bitcoin, following MicroStrategy's $425 million all-in bet. Fed Reserve and 6 Other Central Banks Set Out Core Digital Currency Principles The seven central banks, along with BIS, have released a report setting out agreed core objectives that must be met by national digital currencies. BitMEX CTO Released in US After Payment of $5M Bond The former chief technology officer of the troubled BitMEX exchange has been released after a bond for $5 million was paid in the U.S.

With trading volumes surging and DeFi slowing down, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic.co. Today's stories: Bitcoin Options Volume on CME Jumps 300% as Traders Take Bullish Bets Trading volumes for CME bitcoin options surged as traders made bull call spreads anticipating a rally. As DeFi Deflates, Ethereum Users Get Reprieve From Soaring Fees, Congestion The popularity of decentralized cryptocurrency exchanges had backed up the Ethereum blockchain, raising questions about its ability to scale. BitMEX CEO Arthur Hayes Leaves Role After US Charges The parent group of BitMEX has announced an executive shakeup after U.S. authorities charged the firm over allegedly illegal conduct. KPMG Airs Blockchain Solution to Help Corporates Offset Carbon Emissions "Big Four" firm KPMG says its patent-pending blockchain solution will help organizations measure, report and offset their carbon emissions

With BTC steady and central bank digital currencies getting close, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic.co. Today's stories: Analysts Can't Agree on What Prompted Big Spike in New Bitcoin Addresses New bitcoin addresses have spiked this month, with one industry exec pointing to traders moving funds off the legally troubled BitMEX exchange. Others disagree. China Central Bank Official Reveals Results of First Digital Yuan Pilots An official for China’s central bank unveiled usage statistics of state-backed digital currency trials held in three Chinese cities. Inside the Estonian CBDC Experiment That Could Shape the Digital Euro How the firm helping lead Estonia's central bank digital currency research is approaching a mass-market crypto coin. Oman Central Bank Warns on Crypto 'Risk,' Singles Out Dagcoin The central bank warned citizens and residents they use cryptocurrencies at their own risk.

As traders remain hopeful and mainstream investment funds increase their exposure to bitcoin miners, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic.co. Today's stories: Bitcoin's Options Market Retains Long-Term Bull Bias Despite Sluggish Price Options market data suggests the longer-term path of least resistance for bitcoin is to the higher side. Fidelity, Vanguard, Schwab Funds Have Been Loading Up on Crypto Mining Stocks Stock of three major cryptocurrency mining firms are appearing in Fidelity, Vanguard and Charles Schwab mutual funds. John McAfee Arrested in Spain on US Criminal Charges John McAfee allegedly received $11.6 million in bitcoin and ether for pumping ICOs in 2017 and 2018. Guggenheim-Collected Artist to Release Digital Artwork on Blockchain Marketplace A prominent Taiwanese-American multimedia artist considered a pioneer of internet-based art is releasing her work on blockchain-based platform MakersPlace.

With interest in bitcoin futures falling to their lowest level since May, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic.co. Today's stories: Open Interest in CME Bitcoin Futures Slides as Market Sapped by Surging DeFi Institutional interest in bitcoin futures has plummeted as the DeFi explosion made carry trades less attractive, said Bequant's Denis Vinokourov. Bitcoin Miners Saw 11% Revenue Drop in September Miners generated an estimated $328 million in September. SEC Is Willing to 'Try' a Tokenized ETF, Chairman Says: Report SEC Chairman Jay Clayton expressed an openness to a tokenized exchange-traded fund. Pro-Crypto PAC Giving $50 in Bitcoin to the Campaign of Each Member of Congress In a bid to raise awareness, the Chamber of Digital Commerce’s PAC is contributing $50 in bitcoin to the campaign of incumbent members of Congress.

With Trump testing positive and a systemically important exchange in deep trouble, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic.co. Today's stories: Bitcoin, Stocks Fall as Trump Tests Positive for COVID-19 The cryptocurrency and Asian stock markets dumped early Friday after U.S. President Donald Trump announced he and his wife had tested positive to COVID-19. Ethereum 2.0 'Dress Rehearsal' Gets a Do-Over With Zinken Developers will take a second whack at a final Ethereum 2.0 testnet after the first, Spadina, failed due to “critical peering issues.” BitMEX 'Attempted to Evade' US Regulations, CFTC Charges The CFTC has charged BitMEX, CEO Arthur Hayes and other affiliated entities with offering US customers crypto trading services in violation of federal law. Should DEXs Be Worried After BitMEX? DeFi Founders Weigh In The sudden takedown of crypto exchange BitMEX has cast a new light on Ethereum’s decentralized finance (DeFi) markets.

With BTC looking for a breakout and more casualties in the aftermath of 2017s ICO boom, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic.co. Today's stories: Bitcoin Posts Biggest Monthly Price Loss Since March Bitcoin faced selling pressure in September as the U.S. dollar rose against major currencies for the first time in six months. Diginex Stock Goes Live on Nasdaq Following $50M in SPAC and Private Funding Diginex has become the first crypto exchange operator to be traded on Nasdaq, listing under the “EQOS” ticker symbol. Judge Rules Kik's Token Sale Violated US Securities Law A federal judge has ruled that Kik's 2017, $100 million token sale violated U.S. securities law, and wants to see a proposal for refunds. SEC Orders Salt Lending to Offer Refunds to Investors in Its $47M ICO The SEC has confirmed it is taking action against SALT Lending after ruling the company's $47 million ICO was an illegal securities issuance.

With bitcoin trading in an unusually tight range and DeFi darling SushiSwap suffering shrinkage, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Bitstamp and Nexo.io. Today's stories: First Mover: Chainlink's Sorry September Returns Shows DeFi Hysteria Deflating Chainlink's LINK has been the worst-performing digital asset in September in the CoinDesk 20, during an ugly month across cryptocurrency markets. DeFi 'Vampire' SushiSwap Still Hemorrhaging Liquidity Uniswap challenger SushiSwap is continue to lose vital liquidity, with total value locked falling by 8% in the past 24 hours. French Authorities Arrest 29 Suspected of Using Crypto to Fund Extremists in Syria Hundreds of thousands of euros may have been supplied through a secret network benefiting al-Qaida-linked extremists in northwestern Syria. Ocean Protocol Hard Fork Freezes Funds From KuCoin Hack On Sunday, Ocean Protocol conducted a hard fork from its old token address to prevent the KuCoin exchange hacker from continued unloading of stolen OCEAN tokens on decentralized exchange Uniswap.

With bitcoin back in the drivers seat and the Filecoin launch fast approaching, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Bitstamp and Nexo.io. Today's stories: Traders Rotate to Bitcoin Expecting a Quiet Q4 for Altcoins Some traders anticipate the leading cryptocurrency to significantly outperforming the entire crypto market for at least the next several months. Spadina Gives Ethereum 2.0 Developers a Three-Day Testnet Ethereum testnet Spadina gives developers one more crack at practicing with Eth 2.0’s deposit contract before the real deal arrives. California Governor Signs Law Bringing State 'New Tools' to Regulate Crypto The now-renamed California department responsible for the regulation of financial services will soon have more powers to supervise the cryptocurrency industry. Filecoin Confirms Long-Awaited Mainnet Launch for Next Month Three years after its $257 million ICO, decentralized data storage provider Filecoin has said mainnet will go live in mid-October.

With bitcoin's record-breaking run above $10,000 and Twitter talking blockchain strategy, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Bitstamp and Nexo.io. Bitcoin Has Been Less Volatile Than Tesla Stock for Months Bitcoin is often criticized for being over volatile, but it's been a sea of calm compared with Tesla stock in recent months. Bitcoin Sets Record 63 Straight Days Closing Above $10,000 Bitcoin has closed above $10,000 since July 27. $2B Locked: Uniswap Now Bigger Than Entire DeFi Industry Just Two Months Ago After passing $2 billion in locked assets, there's now more value in Uniswap than there was in the entire DeFi space on July 9. Jack Dorsey Details Twitter's Blockchain Strategy at Oslo Freedom Forum Jack Dorsey said the nonprofit Blue Sky will use blockchain to create an open Twitter protocol and give people more control over their data.

With bitcoin's best day in two months and a surprisingly positive report out of Chinese state media, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Bitstamp and Nexo.io. Today's stories: China State Media Make Rare Reports Calling Crypto 2020's Best Performing Asset Several Chinese state-owned media have made unusual coordinated reports describing cryptocurrencies as the year's top performing investment. Bill Proposes National Crypto Regulatory Framework The Digital Commodity Exchange Act would bring crypto exchanges into a single federal framework, overseen by the Commodity Futures Trading Commission. Israeli Draft Bill Would Nix Hefty Capital Gains Taxes on Bitcoin The draft bill would define bitcoin and other cryptos as "currency" instead of an "asset" for tax purposes.

With bitcoin markets looking weak alongside a strengthening dollar, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Bitstamp and Nexo.io. Today's stories: Strengthening US Dollar Could Bring Further Downside for Bitcoin With the U.S. dollar eyeing a pre-election recovery, the path of least resistance for bitcoin may be to the downside. MakerDAO Users Hosed by March Flash Crash Won't Get MKR Payouts, Say MKR Whales After initially voting to do so, the Maker community will not compensate investors who lost big on the lending platform during "Black Thursday's" price rout.

With the bitcoin market weakening and an ECB update, CoinDesk’s Markets Daily is back for your latest crypto news roundup! Today's stories: Bitcoin Market Weakening After Macro-Based Sell-Off, On-Chain Data Suggests Bitcoin inventory is building on exchanges but there's a lack of buyers, according to a Chainalysis economist. 'Misleading' Term Stablecoin Should Be Ditched, Says ECB The EU central bank said the term stablecoin is potentially "confusing" and "misleading" to consumers. Tokenized Bitcoin on Ethereum Now Tops $1.1 B: Here's Why The supply of BitGo’s wrapped bitcoins (WBTC) topped 76,000 after setting an all-time record of nearly 21,000 WBTC minted within one week. Here’s why. Christie's to Auction Bitcoin-Inspired Artwork, Associated Non-Fungible Token The artwork titled, ‘Portraits of a Mind’ created by the Robert Alice project is a set of 40 paintings made up of a transcription of the code associated with the Bitcoin blockchain.

With bitcoin at risk of falling to four figures and new guidance from the OCC, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Bitstamp and Nexo.io. Today's stories: Equity Markets Turmoil Could Push Bitcoin Below $10K, Say Analysts Bitcoin risks falling into four figures on a continued sell-off in equities and rebounding U.S. dollar. Digital Euro Would Provide Alternative to Cryptos, ECB President Lagarde Says A digital euro for retail payments would "ensure that sovereign money remains at the core of European payment systems," according to Legarde. SEC, OCC Issue First Regulatory Clarifications for Stablecoins The U.S. OCC has published fresh guidance, officially clarifying national banks can provide services to stablecoin issuers in the U.S. Craig Wright Must Face Trial Over Alleged $11B Bitcoin Fortune as Request for Summary Judgment Denied In a case involving the ownership of about 1.1 million bitcoin (worth over $11 billion), the federal court denied Wright’s request for a summary judgment on Monday.

With bitcoin down amid broader market turmoil, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Bitstamp and Nexo.io. Today's stories: Bitcoin Down as Stocks Fall Over European Coronavirus Fears Bitcoin is dropping alongside stocks as soaring cases of COVID-19 threaten economic activity in Europe. China Sees Advantages in Being First on New Digital Currency 'Battlefield' The nation would wield stronger influence in the world as a result of the digital yuan issuance, according to a magazine from the People’s Bank of China (PBoC) Kraken Shows How Crypto Companies and Banks Are Evolving Together Kraken’s move to become a bank in Wyoming is more about getting traditional finance to adapt to the crypto industry than the other way around.

As bitcoin battles to establish a foothold above $11K and with DeFi surging on Ethereum, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Bitstamp and Nexo.io. Today's stories: Bitcoin Rises Back to $11K Despite Signs of Indecision in the Market Bitcoin is again looking to establish a foothold above $11,000 on Friday, although the technical charts are anything but stridently bullish. Bitcoin Supply on Ethereum Tops $1B More than 92,000 bitcoins have been tokenized on Ethereum. Uniswap Launches Governance Token to Keep Up With Rival Decentralized trading platform Uniswap has launched a governance token, UNI, minting 1 billion coins to be released to the public over the next four years. Uniswap Recaptures DeFi Buzz With UNI Token's Airdropped Debut A minimum of 400 UNI was airdropped to everyone who used Uniswap prior to September. Some called it “stimulus for Ethereum users.” Ethereum Smashes Records as DeFi Hype Sends Transactions and Miner Revenue Soaring Miners may be the real winners from DeFi as a surge in Ethereum activity sees them earn a record $16 million in a day.

With bitcoin slipping alongside European stocks and a leaked memo about China's blockchain plans, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Bitstamp and Nexo.io. Today's stories: Federal Reserve Now Targets Inflation Above 2%, Bitcoin Breaks $11K Federal Reserve officials said Wednesday they would hold U.S. interest rates at close to zero and work to push inflation above 2% "for some time." Bitcoin 'Young Investment' Wallets at Highest Level Since February 2018 New investors are entering the bitcoin market at a faster pace and possibly creating upward pressure on prices, on-chain data shows. China's BSN Will 'Localize' Public Blockchains for Local Use China’s state-sanctioned Blockchain-Based Service Network is finally bringing public chains to its homeland -- but they will look very different. Kraken Becomes First Crypto Exchange to Charter a US Bank On Wednesday, the Wyoming Banking Board voted to approve Kraken’s bank charter application. Kraken is the first SPDI bank in Wyoming.