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Morgan Stanley appoints new head of digital asset strategy
Morgan Stanley has appointed Andrew D. D. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K. K.
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Crypto needs to become ‘indispensable’ if legislation fails: Bitwise
Bitwise Asset Management emphasizes that the cryptocurrency industry must become "indispensable" to ensure its survival if regulatory efforts fail. The firm argues that without clear legislation, the sector must demonstrate its value and utility to gain broader acceptance. Bitwise's comments come amid ongoing discussions about the
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$10.8B in Bitcoin options expire this week: Will bulls chase $95K after expiry?
This week, $10.8 billion worth of Bitcoin options are set to expire, raising speculation about potential market movements. Analysts are particularly focused on whether bullish investors will push Bitcoin's price toward the $95,000 mark following the expiry. The expiration of these options could lead to increased
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Crypto Payments Startup Mesh Hits $1 Billion Unicorn Valuation
Crypto payments startup Mesh has achieved a valuation of $1 billion, earning it the status of a unicorn. The company specializes in facilitating cryptocurrency transactions for businesses and consumers. This milestone comes after a recent funding round, which attracted significant investment from various venture capital firms. Mesh aims to expand
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Strategy Now Holds $63 Billion in Bitcoin—These Are Its Biggest Buys
Strategy has amassed $63 billion in Bitcoin, making it one of the largest holders of the cryptocurrency. The firm’s significant purchases include large amounts of Bitcoin during market dips, demonstrating a strong belief in the asset's long-term value. Key acquisitions have contributed to its substantial position, reflecting
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Bitcoin climbs above $89,000 as U.S. dollar tumbles on President Trump's remarks
Bitcoin has surged above $89,000, driven by a decline in the U.S. dollar following remarks made by former President Donald Trump. Trump's comments have sparked investor concerns about the dollar's stability, prompting a shift towards cryptocurrencies. This increase in Bitcoin's value marks
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Chinese National Gets 46 Months in Prison for $37 Million Crypto Scam Targeting Americans
A Chinese national has been sentenced to 46 months in prison for orchestrating a $37 million cryptocurrency scam that targeted American investors. The individual was found guilty of running a fraudulent scheme that promised high returns on investments in cryptocurrency but ultimately led to significant financial losses for victims. The
China
Circle faces first major 'threat' for institutional dollars from Tether’s USAT
Circle is facing significant competition for institutional investment as Tether introduces its new stablecoin, USAT. This development marks the first major challenge to Circle's USDC, which has dominated the market for institutional dollars. Tether's USAT aims to attract institutional clients by offering features that could appeal
China
Bitcoin miners surge higher as Anthropic's fundraising efforts boost AI spirits
Bitcoin miners have seen a significant increase in their stock prices following Anthropic's successful fundraising round, which has positively influenced investor sentiment in the AI sector. This surge in interest has also extended to the cryptocurrency market, with Bitcoin's value experiencing a notable uptick. The correlation
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US Marshals confirm probe into $40M theft claims involving seized crypto
The U.S. Marshals Service has confirmed an investigation into claims of a $40 million theft involving seized cryptocurrency. The probe was initiated after allegations surfaced regarding the misappropriation of digital assets that were previously confiscated in criminal cases. The investigation is focused on the handling and management of these
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Here’s what happened in crypto today
On October 3, 2023, Bitcoin experienced a significant price drop, falling below $25,000 amid broader market volatility. Ethereum also saw a decline, with its price dipping to around $1,600. The decrease in prices was attributed to regulatory concerns and macroeconomic factors affecting investor sentiment. Additionally, several major altcoins
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AI data centers hit same local resistance that slowed Bitcoin mining
AI data centers are facing local resistance similar to that which previously affected Bitcoin mining operations. Communities are expressing concerns over the environmental impact and energy consumption of these facilities, leading to increased scrutiny and regulatory challenges. As demand for AI technologies grows, some regions are imposing restrictions or delaying