Markets Outlook

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.

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