Tether Reports Record $2.85B Profit as Biggest Stablecoin Nears $100B Market Cap
The stablecoin issuer held over $5.4 billion in excess reserves as of 2023 year-end, according to its latest attestation.
Financial
Financial
Global X Pulls Out of Spot Bitcoin ETF Application
The exchange-traded funds (ETFs) provider was not among the 11 spot bitcoin ETFs that received regulatory approval on January 11.
Financial
Labour Wants UK to Be a Securities Tokenization Hub and Advance Digital Pound Work
The opposition party leads the polls in what’s likely to be an election year.
Financial
UK Police Seize Nearly $1.8B of Bitcoin From Investment Fraud in China: FT
A London court heard of the seizure Tuesday as part of the trial of Jian Wen, who is accused of laundering bitcoin on behalf of her former employer, Yadi Zhang, FT reported.
Financial
New York Community Bancorp Shares Tumble After Earnings Miss, 71% Dividend Cut
The bank took over defunct Signature Bank’s non crypto-related deposits last year.
Financial
Inside the ‘Private Mempools’ Where Ethereum Traders Hide From Front-Running Bots
These private mempools – where blockchain transactions avoid the eyes of front-running “MEV” bots – promise to offer better settlement and lower fees to Ethereum users, but experts are sounding the alarm bell on some big risks.
Financial
Ripple’s XRP Drops 5% Amid Report of Potential $112M Hack
Blockchain analyst ZachXBT claims 213 million XRP tokens were stolen before being laundered across multiple exchanges.
Financial
Vibe Check: The Bullish Bounce Back: CoinDesk Indices’ Todd Groth
Periodic observations and market musings from Todd Groth, Head of Research, CoinDesk Indices.
Financial
First Mover Americas: BTC Loses $43K as Crypto Prices Slip
The latest price moves in crypto markets in context for Jan. 31, 2024.
Financial
Former UK Chancellor George Osborne Joins Coinbase as Adviser
Osborne becomes the second former U.K. chancellor to join a crypto firm following, his immediate successor Philip Hammond.