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Markets

Bitcoin Traders Should Watch Wider Inflation Metrics, Not Just CPI

Wider metrics suggest a flare-up in inflation in months ahead, which may trigger a sharp repricing of interest rate expectations, bringing downside volatility to risky assets, including bitcoin.

By Omkar GodboleAug 10, 2023

Bitcoin Traders Should Watch Wider Inflation Metrics, Not Just CPI

Policy

Bitcoin Won’t Back U.S. Dollar, Presidential Hopeful Vivek Ramaswamy Says

The Republican candidate’s comments stand in contrast to Democratic candidate Robert F. Kennedy, who supports using bitcoin to stabilize the dollar.

By Brandy BetzAug 1, 2023

Bitcoin Won’t Back U.S. Dollar, Presidential Hopeful Vivek Ramaswamy Says

Policy

White House Derailed Negotiation on U.S. House Stablecoin Bill: McHenry

A bipartisan agreement on stablecoin legislation was in reach, according to the chair of the House Financial Services Committee, but the ranking Democrat said McHenry halted talks.

By Jack Schickler, Jesse HamiltonJul 27, 2023

White House Derailed Negotiation on U.S. House Stablecoin Bill: McHenry

Policy

Implications of Ripple-SEC Court Ruling for Wider Crypto Industry Are Unclear: Bank of America

Ripple’s XRP offerings are unique, and the wider applications of the court’s ruling are difficult to determine, the report said.

By Will CannyJul 24, 2023

Implications of Ripple-SEC Court Ruling for Wider Crypto Industry Are Unclear: Bank of America

Finance

Nasdaq Halts Plan for Crypto Custody Service Due to U.S. Regulatory Conditions

The stock market operator had said in March that it was putting together infrastructure and regulatory approval for the custodian service.

By Parikshit Mishra, Jamie CrawleyJul 19, 2023

Nasdaq Halts Plan for Crypto Custody Service Due to U.S. Regulatory Conditions

Policy

RFK Jr. Vows to Back Dollar With Bitcoin, Exempt BTC From Taxes

The Democratic presidential hopeful also reiterated a May stance defending the right to self-custody bitcoin, run blockchain nodes at home and promising industry-neutral energy regulation.

By Camomile ShumbaJul 19, 2023

RFK Jr. Vows to Back Dollar With Bitcoin, Exempt BTC From Taxes

Policy

U.S. Senate Finance Committee Asks Crypto Industry for Tax Guidance

In a letter made public on Tuesday, Chairman Ron Wyden and Ranking Member Mike Crapo sought cryptocurrency industry comment around nine topics.

By Amitoj SinghJul 12, 2023

U.S. Senate Finance Committee Asks Crypto Industry for Tax Guidance

Markets

SEC Approval of Spot Bitcoin ETF Is Unlikely to Be a Game Changer for Crypto Markets: JPMorgan

Such ETFs have existed for some time in Canada and Europe, but have failed to attract large investor interest, the report said.

By Will CannyJul 7, 2023

SEC Approval of Spot Bitcoin ETF Is Unlikely to Be a Game Changer for Crypto Markets: JPMorgan

Policy

Probability for U.S. Approval of a Spot Bitcoin ETF Is Fairly High: Bernstein

The lack of a spot ETF leads to the growth of over-the-counter products like the Grayscale Bitcoin Trust, which are more expensive, illiquid and inefficient, the report said.

By Will CannyJul 3, 2023

Probability for U.S. Approval of a Spot Bitcoin ETF Is Fairly High: Bernstein

Policy

Former NYSE Broker to Pay $54M to Settle CFTC Crypto Fraud Charges

Michael Ackerman pleaded guilty in 2021 to accusations that he defrauded some 150 investors for $33 million in a digital asset trading scheme.

By Sandali HandagamaJun 28, 2023

Former NYSE Broker to Pay $54M to Settle CFTC Crypto Fraud Charges

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