Senate Bill Defines Bitcoin, Ether As Digital Commodities To Be Regulated By CFTC – Commodities/Derivatives/Stock Exchanges

To print this article, all you need is to be registered or login on Mondaq.com. Following the announcement DOJ/SEC enforcement actions alleged insider trading against a former Coinbase employee, many cried foul at the perceived “regulation by enforcement.” The SEC Complaint, alleged – for the first time – that certain Ethereum-based cryptocurrency … Read more

Lost money from $4.5 million crypto wallets exploit? Here’s what you should do

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest in this bear market. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also … Read more

Michael Saylor drops Microstrategy CEO role — Here’s what it means for bitcoin

A shakeup of MicroStrategy Inc.’s executive suite has crypto traders weighing the consequences for bitcoin as Michael Saylor drops his role as chief executive officer. MicroStrategy’s MSTR, +12.73% shares jumped almost 13% Wednesday, a day after the company said Michael Saylor would give up the CEO title and take on a new role as executive … Read more

Michael Saylor drops Microstrategy CEO role — Here’s what it means for bitcoin

A shakeup of MicroStrategy Inc.’s executive suite has crypto traders weighing the consequences for bitcoin as Michael Saylor drops his role as chief executive officer. MicroStrategy’s MSTR, +12.73% shares jumped almost 13% Wednesday, a day after the company said Michael Saylor would give up the CEO title and take on a new role as executive … Read more

Riot Blockchain Made More in Power Credits Than Bitcoin

The bitcoin mining machines in the Whinstone Bitcoin mining facility in Rockdale, Texas, owned and operated by Riot Blockchain.Photo: MARK FELIX/AFP /AFP (Getty Images) At least one big bitcoin mining operation in Texas that was not actually mining much bitcoin during this season’s record-breaking heat netted millions of dollars in profits—more than they would have … Read more

Crypto has had a miserable month and it’s only the third day of August

It has been a rough month for the crypto sector, and it’s only the third day of August. From cross-chain bridge hacks draining hundreds of millions of dollars in customer funds to the Securities and Exchange Commission coming after crypto Ponzi schemes, this corner of the market can’t catch a break. The developments add to … Read more

Bitcoin has already bottomed, has a fair value of $40,000, says Anthony Scaramucci

Anthony Scaramucci, founder and managing partner at SkyBridge Capital, said he believes that the worst of the crypto bear market has already passed, after crypto hedge fund Three Arrows, lender Celsius and broker Voyager went into bankruptcy. Scaramucci made the comments while bitcoin BTCUSD, -0.05% is still down 66% from its peak in November, trading … Read more

Is the crypto bear market over? Here’s what to watch.

Bitcoin and ether are on track to record their best month since last October, prompting some investors to ask if the crypto bear market is over. The No.1 cryptocurrency BTCUSD, -0.08% on Friday reached a high of $24,412, the loftiest level since June 13, according to CoinDesk data. Bitcoin went up more than 19% so … Read more

Opinion: Fidelity’s bitcoin move getting all the wrong publicity

What would Ned Johnson do? The late, great Fidelity Investments honcho built his family’s Boston-based money management firm into one of the biggest in the world over the course of a long career. Johnson died on March 23 of this year, age 91. On April 26, just over one month later, his daughter and heir, … Read more

Crypto Rebound: Forget Bitcoin, Ethereum Is the Real Deal

Cryptocurrency investors have arguably just had one of the least chaotic weeks in several months now.  Overall, prices have stabilized.  The market as a whole is back above $1 trillion. Admittedly, we are still very far from the $3 trillion reached in November in the midst of crypto mania, but it is much better than … Read more