BTC price retests $62K as Bitcoin preps ‘very high impact’ month end
BTC price action is no longer getting US Bitcoin traders excited as the Coinbase Premium Index hits its lowest levels in over two months. Go to Source
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Cathie Wood’s ARK Invest dumps $36M of Robinhood stock
ARK’s $36 million Robinhood sale came amid the stock price surging more than 100% year-to-date and posting multiyear highs. Go to Source
Microstrategy’s Stock Surges 185% in 2024, Outpacing Bitcoin Holdings
On Tuesday, while bitcoin dipped more than 2% against the U.S. dollar, shares of the business intelligence firm Microstrategy soared over 6% from the day before. The company’s stock has outpaced bitcoin’s performance this year, climbing over 185% since January compared to bitcoin’s 47% increase. Microstrategy’s Stock Climbs 185% Year-to-Date, Other Firms Test the Holding … Read more
Bitcoin Coinbase premium turns negative as BTC price stalls under $63K
Bitcoin price stagnates below $63,000 as on-chain data highlights an uptick in selling activity. Go to Source
Nigeria’s Oil-for-Naira Program, Blackrock’s New Stablecoin, and More — Week in Review
Nigeria introduced an “oil-for-naira” program by selling crude oil to Aliko Dangote’s refinery in a bid to stabilize the weakening local currency. Blackrock announced its support for UStb, a new stablecoin from Ethena Labs. The SEC has formally appealed a court ruling in its case against Ripple Labs, citing significant legal errors. Coinbase is optimistic … Read more
Coinbase to Delist USDT in Europe Amid New EU Regulations
Coinbase has announced plans to delist Tether’s USDT and other stablecoins that do not comply with the European Union’s Markets in Crypto-Assets (MiCA) regulations by December 30, 2024. This decision is part of Coinbase’s efforts to adhere to the new rules, which require stablecoin issuers to obtain an e-money license in an EU member state. … Read more
Coinbase urges court to reconsider appeal, cites SEC vs Ripple
The Securities and Exchange Commission (SEC) sued Coinbase in June 2023 and accused the company of selling unregistered securities. Go to Source
Coinbase to delist noncompliant stablecoins under EU MiCA rules
Coinbase will delist noncompliant stablecoins from its European platform by the end of December to comply with the EU’s MiCA regulations. Go to Source
Coinbase pushes CFTC for docs to defend against SEC
Coinbase wants the court to compel the CFTC to hand over its communications with certain crypto issuers, claiming its critical to its defense against the SEC. Go to Source
Stop panicking about Wrapped Bitcoin — Mint Coinbase’s cbBTC instead
Concerns about WBTC’s planned custody shakeup are overblown. For added safety, cbBTC is the best alternative. Go to Source