Cryptocurrency

Bitcoin has rallied nearly 70% so far this year — and industry insiders who spoke to CNBC remain bullish, with one saying the world's biggest cryptocurrency could reach new heights.Marshall Beard, chief strategy officer at U.S.-headquartered cryptocurrency exchange Gemini, said $100,000 could be a possibility for bitcoin.Part of the industry's…

Cryptocurrency firms are scrambling to find institutions to bank with after the collapse of Signature Bank and Silvergate Capital.These companies have turned to crypto-friendly Swiss banks, flooding them with requests for banking services, according to multiple industry insiders who spoke to CNBC.Part of why companies are seeking out Swiss banks…

The adult-themed SpankPay payment service announced Monday that it would shut down after its upstream payment processor, Wyre Payments, terminated its agreement with the company. Wyre cited “violations of any third-party payment processor or network rules,” in February. SpankPay asserted that its contract was singled out. “This was a targeted…

The U.S. Federal Reserve (Fed) on Sunday announced it had joined hands with other major central banks to ensure a steady flow of the U.S. dollar, a dominant reserve currency, in the global financial system.The Fed said it would increase the frequency of the dollar swap lines with the European Central Bank, the Bank of Japan, the Bank of England,…

Venture capitalist and angel investor Balaji Srinivasan says hyperinflation is happening now. Expecting the price of bitcoin to soon hit $1 million, he is making million-dollar bets that it will happen in 90 days. Srinivasan also advised investors to buy bitcoin, which he believes to be “a hedge against hyperinflation, monetary…

Coinbase has been setting its sights on growth outside the U.S., but declined to comment directly on a report from Bloomberg saying it’s already talking to international clients about those plans. Instead, a Coinbase spokesperson told Decrypt in an email that the company is accelerating work on its “Go Broad, Go Deep” strategy, revealed earlier…

High Buying Pressure Pushes Bitcoin Past 25KMost major digital assets are in the green as Asia starts its business day.Bitcoin is up 5.3% in the last 24 hours to $25,703, while ether is up about 2.8% to $1,697. Binance’s BNB token is up 8.7% to $331.Kaiko’s Director of Research Clara Medalie said on a recent CoinDesk TV appearance that this…

U.S. and European authorities — led by a team of federal investigators from Philadelphia — dismantled what they described Wednesday as the world’s most popular cryptocurrency service used by online drug dealers, North Korean hackers, and Russian military intelligence services to launder more than $3 billion in illicit proceeds since 2017.The…

News of the development comes on the heels of an ABC News investigation.March 14, 2023, 8:07 PM ET• 5 min readA cryptocurrency linked to former Trump White House strategist Steve Bannon and Trump adviser Boris Epshteyn has caught the attention of federal prosecutors in New York, who have started looking into it, sources familiar with the matter…

Bitcoin. Source: AdobeDigital asset investment products saw their highest-ever weekly outflow last week, according to the latest Digital Asset Fund Flows Weekly Report released by CoinShares. The $255 million in net outflows amounted to 1.0% of total assets under management (AuM)…