The digital credit market suffered one of its sharpest selloffs to date on Thursday, with Strive Asset Management CEO Matt Cole describing the move as a leverage-driven liquidation rather than a sign of weakening credit fundamentals. Cole said it was “the most difficult day in… Read More
America’s largest banks are preparing a direct response to one of crypto’s fastest-growing products: stablecoins. JPMorgan Chase, Bank of America, Citigroup and other major lenders said Friday that they plan to launch a shared tokenized deposit network through The Clearing House by the first half… Read More
A week ago, CoinDesk informed readers of the renewed rotation of funds into dollar equivalents such as tether USDT$0.9987 and USD Coin (USDC) stablecoins as bitcoin BTC$65,658.81 pulled back from the early May highs above $80,000. That combination was an early warning sign of potential… Read More
Keyrock, a Brussels-based digital asset services firm, is in the process of acquiring bankrupt crypto trading and lending firm Blockfills, according to two people with knowledge of the matter. A Keyrock spokesperson told CoinDesk that the acquisition is subject to court approval. According to a… Read More
Americans are sending Washington a clear message: the United States should lead the future of digital finance, not fall behind while other countries write the rules. A new national HarrisX survey of registered voters found that 70% say the U.S. should have already passed crypto… Read More
Not everything in bitcoin is at risk from a quantum computer. Bitcoin mining, the process by which new blocks get added to the blockchain, uses a type of math called hashing that quantum computers cannot meaningfully break. The ledger itself and the rule that new… Read More
