Austria’s Federal Ministry of Finance hopes to boost confidence in cryptocurrencies by taxing them like mainstream stock and bond investments, according to a Bloomberg story. UPDATE (Nov. 10, 11:41 UTC) Replaces quote from Bloomberg in last bullet with emailed comment from finance minister.
Good morning, Here’s what’s happening: Market moves: Bitcoin enters “extreme greed” territory. Technician’s take: Buyers could return on price dips into Asian trading session. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $67,293 Ether (ETH): $4,745 Market moves Bitcoin was roughly flat the past […]
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Shares of Coinbase (COIN) were falling around 10% after-hours on Tuesday after the crypto exchange reported its third-quarter revenue came in at just $1.24 billion, versus the consensus analyst estimate of $1.61 billion, according to FactSet. Adjusted earnings per share for the quarter also missed at $1.62 versus expectations of $1.81. Coinbase posted $1.1 billion […]
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Decentralized exchanges (DEX) have grown massively since 2019, while the number of active exchanges – whether centralized or decentralized – has dropped in the same time period, according to Chainalysis’ latest report. This finding, which the blockchain data firm published Tuesday, showed that as cryptocurrency exchange competition has intensified, the crypto market – especially large, […]
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Apple CEO Tim Cook has disclosed that he owns cryptocurrency, but said the investment was from a “personal point of view” and not indicative of Apple having crypto ambitions. The comments came during the New York Times DealBook conference on Monday morning ET in a recorded interview with Andrew Ross Sorkin. Asked if he personally […]
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The Financial Action Task Force (FATF)’s long-awaited update to its guidance on virtual assets lays out a comprehensive set of guidelines to regulate the quickly evolving cryptocurrency space. With this update released, digital assets firms in the coming years are likely to encounter more clarity on anti-money-laundering and combatting the financing of terrorism (AML/CFT) regulations […]
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Circle, the digital currency company that jointly administers the USDC stablecoin with Coinbase, has launched the Circle Ventures fund to support early stage blockchain projects and companies. The fund doesn’t have a predetermined monetary amount, Circle told CoinDesk, and has already deployed initial capital. “Circle’s mission is to raise global economic prosperity through the frictionless […]
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Here at CoinDesk, we use the term “crypto-adjacent” to categorize stories that aren’t about cryptocurrency or blockchains per se but illustrate the problems these technologies attempt to solve. By covering these stories, we are not necessarily claiming Bitcoin, crypto or blockchain “fixes this” (it may well not, given scaling and other challenges). But they disprove […]
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Bitcoin (BTC) is giving up some gains after reaching an all-time high near $68,500 on Monday. The cryptocurrency is overbought on intraday charts, although support around the $63,000-$65,000 range could stabilize a pullback. The relative strength index (RSI) on the four-hour chart is the most overbought since Oct. 20, which preceded a near-10% price decline. […]
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