Mike Cagney has been here before, just not with blockchain. In the early 2010s, he helped reshape consumer lending with SoFi by connecting borrowers directly with capital. Now, at Figure Technology Solutions (FIGR), he said he’s trying to do something similar on a much larger scale: rebuild the infrastructure of credit markets themselves. The plan…
U.S. voters placed cryptocurrencies toward the bottom of a list of their highest priorities for the upcoming midterm election. Just 1% of respondents said they ranked crypto as their top concern, according to a survey of 1,000 randomly selected registered U.S. voters, though other responses revealed a wider view of the technology as an important…
Cryptocurrency began in part as an answer to the missteps and abuses of banks during the 2008 financial crisis, but despite existing almost two decades and capturing wide attention, the public hasn’t been sold on that point and still favors the traditional financial system for their financial access, according to new polling commissioned by CoinDesk….
Most voters in the U.S. aren’t comfortable with President Donald Trump’s hand on the wheel of crypto industry oversight, with 62% saying they don’t trust his administration on that point, according to a survey commissioned by CoinDesk. After the previous administration’s heavy hand on crypto, Trump’s promise to make the U.S. the “crypto capital of…
US-listed spot Bitcoin (BTC) exchange-traded funds (ETFs) finished April in the green as Bitcoin rallied throughout the month. Bitcoin ETFs drew $1.97 billion in inflows in April, well above March’s $1.37 billion, marking their highest monthly inflows of the year, according to SoSoValue data. With inflows in March and April offsetting outflows in January and…
Nobitex, Iran’s biggest crypto exchange, was founded by two brothers from one of the Islamic Republic’s most influential families with ties to the supreme leaders, according to a Reuters investigation. The exchange, which now accounts for the majority share of Iran’s crypto activity, was launched by Ali and Mohammad Kharrazi. The duo operated under the…
New York Attorney General Letitia James has secured more than $5 million from cryptocurrency platform Uphold over its role in promoting a fraudulent investment product. The settlement centers around Uphold’s promotion of CredEarn, a product offered by Cred, LLC and its CEO Daniel Schatt. Between January 2019 and October 2020, the platform marketed CredEarn to…
Dogecoin (DOGE) has outpaced the broader crypto market over the past month, rising roughly 18% versus the market’s 10% gain, as whale accumulation and a bullish chart setup hint at a potential bottom. DOGE/USDT vs. TOTAL crypto market cap 30-day returns. Source: TradingView Key takeaways: DOGE whale holdings hit a record high as large transactions…
Crypto venture capitalist (VC) funding plunged to a near two-year low in April as investors pulled back from crypto start-ups and early-stage companies. Crypto VC funding fell to $659 million across 63 funding rounds in April, down 74% from the $2.6 billion seen across 84 rounds in March, according to Cryptorank data. This brings the total…
The US crypto industry’s momentum won’t be derailed in the long term even if the much-anticipated CLARITY Act, aimed at bringing more regulatory clarity to the crypto industry, doesn’t make it through Congress, according to 250 Digital Asset Management CEO Chris Perkins. “If not, we’re going to be just fine,” Perkins said on Cointelegraph’s Chain…
