Is Bitcoin Still a Store of Value?
It depends on what you’re trying to protect that value from. Market meltdowns like Monday’s? No. Confiscation or monetary inflation? Maybe.
Financial
Said
Financial
Bitcoin Miner Marathon’s Shares Tumble After Revenue Unexpectedly Misses Wall Street’s Estimates
The miner said its adjusted EBITDA swung to loss, compared to previous year’s profit.
Financial
Crypto Exec Pushing for Industry Support of Kamala Harris for President
J.P. Thieriot, a board member and ex-CEO of Uphold, backs the vice president in her U.S. presidency bid and says he’s hoping to build a digital assets advocacy for the Democrat.
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Crypto Lender Ledn Handed Out $1.16B Worth of Loans in First Half of 2024
The platform witnessed a 29.8% jump in retail lending between the first and second quarters.
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Large Bitcoin Holders Added $5.4B in BTC in July, Data Show
Large holders resorted to bargain hunting in July as the cryptocurrency experienced two-way price volatility.
Financial
India Unlikely to See Crypto Tax Reduction in Tuesday’s Budget
An unexpected election result and last week’s $230 million hack of crypto exchange WazirX appear to have dented any hopes of a reduction in the tax.
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WazirX, Liminal Custody Blame Each Other as $230M Crypto Exploit Leaves Customers Stranded
The dispute centers around multisig wallets.
Financial
Visa’s Data Partner Allium Labs Raises $16.5M as Their New Findings Show Stablecoin Activity is Back Up
Visa and Allium Labs released their latest findings on stablecoin activity which showed demand for stablecoins has picked back up in 2024 and there’s a steady growth of monthly active stablecoin users.
Financial
Democrats Have Made a ‘Horrific Mistake,’ Says SkyBridge Capital’s Anthony Scaramucci
The former White House Communications Director under President Trump spoke in an exclusive interview with CoinDesk’s Jennifer Sanasie.
Financial
Market Maker Flowdesk Doubled Down on the U.S. as Things Looked Bleak. Now That Bet Is Paying Off
Flowdesk’s CEO made a contrarian bet on the U.S. while the SEC was waging war on crypto. Fast forward a year, and the country has bitcoin ETFs, ether ETFs are imminent and pro-crypto legislation is before the Senate.