Wall Street bank JPMorgan (JPM) updated its bitcoin (BTC) miner price targets and estimates following fourth-quarter 2024 results and to account for changes in the bitcoin price and the network hashrate. JPMorgan raised IREN (IREN), its top pick in the sector, to overweight from neutral, and cut its price target to $12 from $15. The … Read more
Circle Internet Group, Inc., the company behind the $58 billion USDC stablecoin, said on Thursday it plans to bring its recently acquired Hashnote Tokenized Money Market Fund (TMMF) under Bermuda’s regulatory oversight. The fund, which manages nearly $1 billion assets, will be incorporated into Circle’s existing Digital Assets Business Act (DABA) license, the company said … Read more
By Omkar Godbole (All times ET unless indicated otherwise) The crypto market has steadied over the past two days, with bitcoin briefly topping the 200-day simply moving average at $84,000 early today. Wednesday’s softer-than-expected U.S. CPI release aided the sentiment by validating traders’ pricing of four interest-rate cuts by the Federal Reserve this year. The … Read more
A lawyer in Argentina has requested an international arrest order for Hayden Davis, the founder of memecoin LIBRA, Buenos Aires newspaper Pagina 12 reported on Thursday. Attorney Gregorio Dalbon raised the procedural risk of U.S. citizen Davis remaining at large and of his financial resources allowing him to stay in hiding, according to the report. … Read more
Ripple said on Thursday that it had received approval from the Dubai Financial Services Authority (DFSA) to provide regulated crypto payments and services in the UAE, becoming the first blockchain-enabled payments provider licensed by the agency. “We are entering an unprecedented period of growth for the crypto industry, driven by greater regulatory clarity around the … Read more
The crypto market appears to have stabilized however traders are proceeding with caution while dealing with altcoins, like XRP, while continuing to rotate money into market leader bitcoin (BTC). Payments-focused XRP, which Ripple uses to facilitate cross-border payments, has risen over 3% to $2.24 in the past 24 hours primarily on hopes that the legal … Read more
Imagine a world where your digital identity is truly your own, where every post, connection, and interaction isn’t locked within the walls of a corporate platform but exists as an extension of your personal autonomy. This isn’t a utopian vision, it’s the necessary evolution of social media in an era where digital sovereignty is a … Read more
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, CoinDesk’s Ethereum Reporter. In this issue: Ethereum’s Holesky Testnet Finalizes – Finally Starknet to Settle on both Bitcoin and Ethereum From Ethereum’s Engine Room to Wall Street: Danny Ryan’s New Mission Japanese Tech Giants Sony and … Read more
Attendees clapped and cheered when Paolo Ardoino, the public face of perhaps most influential company in crypto, entered the stage at the Cantor Fitzgerald Global Technology Conference in New York on Wednesday. Ardoino stood out from the crowd, not for his wealth but for his choice of attire. While others dressed to impress, he opted … Read more
The crypto sector was mostly flat for the day, as a short rally following better than hoped U.S. inflation data quickly lost steam. Bitcoin (BTC) is trading at $82,800, down 0.5% in the last 24 hours. The CoinDesk 20 — an index of the top 20 cryptocurrencies excluding exchange coins, stablecoins and memecoins — is … Read more
