Crypto

Fintechs are moving into bitcoin, but expect crypto startups to stay on their home turf

Fintechs are moving into bitcoin, but expect crypto startups to stay on their home turf

Square, SoFi, and soon PayPal.  The list of financial technology companies that have jumped on the crypto bandwagon continues to grow. And it makes sense — fintechs stand to cash in on such offerings, which can be more profitable than stock trading offerings, in some instances. It also provides fintechs with a way to expand …

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Bitcoin is still the crypto of choice for darknet marketplaces

Bitcoin is still the crypto of choice for darknet marketplaces

A survey conducted by The Block Research has found that bitcoin remains the cryptocurrency of choice for payments and withdrawals for many darknet marketplaces. The Block’s Steven Zheng found that among the 49 darknet markets surveyed, about 98% of them support bitcoin. Monero is the second-most popular cryptocurrency — it’s used by 45% of markets …

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Audius Rallies EDM Artists, Crypto VCs to Back Vision for Music Payments on Ethereum

Audius Rallies EDM Artists, Crypto VCs to Back Vision for Music Payments on Ethereum

Music is back on the blockchain.  Audius, a streaming service that connects music fans directly with artists, has raised $3.1 million in a strategic round co-led by Multicoin Capital and Blockchange Ventures, with participation from Pantera Capital and Coinbase Ventures.  Audius has now raised a total of $8.6 million as the platform prepares for prime …

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Crypto hedge fund Tetras Capital known for shorting ETH is shutting down – report

Crypto hedge fund Tetras Capital known for shorting ETH is shutting down – report

Tetras Capital, a crypto hedge fund known for shorting ether (ETH), is reportedly shutting down. A CoinDesk report, citing “a person with direct knowledge of the matter,” said Tetras Capital suffered a loss of about 75% since its launch in 2017 and is returning money to investors. Tetras Capital was launched to make trades in …

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Banks Won't Rush to Hold Crypto – But OCC's Regulatory Approval Makes It Harder to Ignore

Banks Won’t Rush to Hold Crypto – But OCC’s Regulatory Approval Makes It Harder to Ignore

The Office of the Comptroller of the Currency (OCC), a federal banking regulator in the U.S., is rapidly expanding crypto awareness on Capitol Hill. The OCC published an interpretive letter Wednesday announcing that in its view, nationally chartered banks are able to provide custody services for cryptocurrencies, a move that the industry widely praised as …

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Opera browser expands its crypto buying feature in the UK

Opera browser expands its crypto buying feature in the UK

Web browser Opera has expanded its feature, which lets users buy cryptocurrency directly via its in-built wallet, in the U.K. Opera has teamed up with crypto on-ramp provider Ramp Network for the initiative. Ramp supports fiat transfers from bank accounts as well as digital banking app Revolut. The U.K. expansion comes four months after Opera …

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Industry startups cheer the OCC’s crypto custody move, but don’t bet on big banks jumping into bitcoin just yet

Industry startups cheer the OCC’s crypto custody move, but don’t bet on big banks jumping into bitcoin just yet

Quick Take The U.S. Office of the Comptroller of the Currency has opened the door for banks under its regulatory remit to offer crypto custody services. Industry startups cheered the move and pointed to potential business opportunities for the sector. Experts say the real beneficiaries will be small and medium banks — big banks not …

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PayPal Picks Paxos to Supply Crypto for New Service, Sources Say

PayPal Picks Paxos to Supply Crypto for New Service, Sources Say

PayPal, the fintech giant planning to bring crypto trading to its massive user base, has chosen Paxos to handle the new service’s supply of digital assets, according to two people familiar with the matter. It’s a plum assignment for New York-based Paxos, which last week launched Paxos Crypto Brokerage and announced its first customer in …

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Compound Tops MakerDAO, Now Has the Most Value Staked in DeFi

Hackers Take Over Prominent Crypto Twitter Accounts in Simultaneous Attack

Hackers pumping a crypto giveaway scam appear to have compromised the Twitter accounts of leading exchanges, individuals and at least one news org. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating …

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The parent company of BitMEX has restructured, and it points to ambitions outside of crypto

The parent company of BitMEX has restructured, and it points to ambitions outside of crypto

HDR Global Trading, the parent company of popular crypto trading venue BitMEX, announced Tuesday evening it would restructure and create a new holding company to sit on top of the firm’s existing operations. Dubbed 100x Group, the entity will “pursue a broader vision to reshape the modern digital financial system into one which is inclusive …

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