Books to Learn More About Money and Crypto

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

CoinTracker Raises $100M as Crypto Tax Season Heats Up

Crypto tax software developer CoinTracker raised $100 million from venture backers, entering growth mode just as the 2022 tax season is heating up. Now valued at $1.3 billion,  40-person CoinTracker – which last raised $1.5 million in a 2018 seed round – plans to scale its global tech support and integrate with a universe of crypto companies, CEO Jon Lerner said. It’s also bulking up on high-ranking talent, sniping Uber’s Vice President of Engineering Gaurav Garg as the new Head of Engineering, and Zack Reneau-Wedeen, Robinhood Crypto’s Head of Product,…

Bitcoin to Remain Choppy as 'Fed Put' Expires: Analysts

Bitcoin’s near-term prospects look bleak after the U.S. Federal Reserve set the stage for a more aggressive withdrawal of liquidity, weakening market confidence in the so-called Fed put – a notion that the central bank will come to the rescue if assets tumble. On Wednesday, the Fed pointed to the U.S. economy’s underlying strength and inflation’s stickiness, and reaffirmed plans to end the bond-purchase program in March. It also hinted at a potential interest-rate increase in the same month. Before the event, crypto followers on Twitter were expecting Fed Chairman…

Diem to Sell Assets to Silvergate Bank for $200M: Report

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

First Mover Asia: Interest Rate Hikes in the Future? Crypto Rally Shorts Out

Good morning. Here’s what’s happening: Market moves: Bitcoin gave up early gains after Powell’s hawkish comments. Technician’s take: Long-term momentum remains weak and BTC is at a critical point. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $36,826 -0.3% Ether (ETH): $2,470 +0.7% Top Gainers Asset Ticker Returns Sector Polygon MATIC +5.5% Smart Contract Platform Dogecoin DOGE +5.1% Currency Solana SOL +3.0% Smart Contract Platform Top Losers Asset Ticker Returns Sector Cosmos ATOM −5.8% Smart Contract Platform Internet Computer…

Bitcoin Rally Fades After Fed Signals Upcoming Rate Hike

“Short-positioned traders are dominating the derivative market. This indicates that bitcoin’s bounce was driven by [the spot market] rather than derivatives, which is confluent with the significant bidding seen on Coinbase,” Marcus Sotiriou, analyst at the UK-based digital asset broker GlobalBlock, wrote in an email to CoinDesk. Author: Damanick Dantes Source link

El Salvador’s Battle With the IMF Is Bigger Than Bitcoin

When Nayib Bukele announced that El Salvador would be making bitcoin legal tender, the international monetary establishment acted with some amount of skepticism. When he announced the nation would be issuing bitcoin bonds, that skepticism turned to anger. Now, the IMF is pushing El Salvador to ditch BTC as legal tender altogether. On today’s episode, NLW explores what’s really going on. Author: Nathaniel Whittemore Source link

For Enterprises, Privacy Is the Critical Blockchain Feature

Our early experience with partners like Microsoft tells us that we can cut the cycle-time required to handle documents by more than 90% on a blockchain and the cost of administration by around 50%. Unfortunately, without strong privacy, none of this is going to get widespread adoption. If a company were to implement these processes today, their competition would instantly be able to see how much it was producing, how much it was buying in raw materials, its key sales markets, and even the prices paid all along the supply…

Fed Keeps Interest Rates at Zero, Says Hike Appropriate ‘Soon’

The U.S. Federal Reserve said Wednesday it would hold interest rates near zero, even as it edges closer to removing some of the extraordinary stimulus provided to financial markets since the coronavirus hit in March 2020. The benchmark U.S. short-term interest rate will remain in the current range between 0% and 0.25%, according to a statement Wednesday from the Fed’s monetary-policy panel, the Federal Open Market Committee (FOMC). The Fed also released a separate statement announcing it intends to “significantly” reduce the size of its balance sheet “in a predictable…