Grayscale’s courtroom victory over the Securities and Exchange Commission (SEC) on Tuesday was good news for crypto, with markets showing green. But on Wall Street, Coinbase was also flying high, and there’s a strong indication as to perhaps why. Shares of Coinbase were up 15% when markets closed on Tuesday. The gains outpaced Bitcoin itself, which was up 7% over…
Miami Mayor Francis Suarez, one of the few cryptocurrency-friendly candidates running for President of the United States in 2024, has announced he will be suspending his campaign. In an Aug. 29 announcement on X, Suarez said that while running for U.S. President had been “one of the greatest honors of [his] life,” he made the decision to end his campaign…
Coinbase’s stock today soared following news that a federal judge had sided with Grayscale in its SEC lawsuit. Just before markets closed on Tuesday, the price of COIN is trading for $85.13 per share—up more than 15% in the past day. America’s largest digital asset exchange Coinbase has been a publicly traded company on the Nasdaq since 2021. A federal…
Fintech company Circle announced a partnership with Mercado Libre to bring the USDC stabelcoin to Mercado Pago on Aug. 29. 1/ The largest fintech in LATAM, @mercadopago, part of Mercado Libre, the Amazon of LATAM with 200M users, is rolling out support for USDC in key markets, starting with Chile. Momentum for USDC and digital dollars building around the world!…
The bears were in the driver’s seat last week according to the latest crypto fund report from CoinShares. Institutions notched the highest one-week withdrawals since March, when the U.S. began its regulatory crackdown. A colossal $168 million was sold in the past seven days, marking a second-straight week of sell-offs by large players in the digital asset space. James Butterfill,…
A federal judge has overturned the United States Securities and Exchange Commission’s decision to deny an exchange-traded fund (ETF) offering from Grayscale Investments through its Bitcoin (BTC) Trust, but many experts have pointed out the court ruling will not automatically lead to the first spot BTC ETF in the country. In an Aug. 29 decision with the U.S. Court of…
During a standing-room-only keynote address at Google Cloud Next in San Francisco, Google CEO Sundar Pichai today introduced a suite of AI tools for Google Workspace, including adding a digital watermark to AI-generated images. The tool will be a feature of Google’s Vertex AI. Launched in 2021, Vertex AI is a part of Google’s suite of cloud computing services that…
News headlines have recently covered how China’s struggling economy poses significant risk to global growth. Economic activity and the flow of credit in the region are weakening and analysts are not convinced that the Chinese government’s interventions are a sufficient fix for what appear to be structural problems. For instance, industrial output in July increased by 3.7% compared to the…
Bitcoin is on the rise Tuesday following news that crypto firm Grayscale won a court appeal against the U.S. Securities and Exchange Commission (SEC)—and BTC-related cryptocurrencies like Bitcoin Cash and Stacks are seeing even larger gains. While BTC has posted a 7% gain over the past 24 hours, sitting at a current price of $27,970 per CoinGecko, Bitcoin Cash has…
Circle’s United States dollar stablecoin, USDC, will launch natively on the Base network “next week,” according to an Aug. 29 social media post from CEO Jeremy Allaire. The new version will replace the current US Dollar Base Coin (USDbC) that most users rely on as a substitute. Native $USDC on @BuildOnBase. Coming next week. #StableSeptember. Let’s go! https://t.co/oqfI0ZZhCn — Jeremy…
