Investors are most bearish on the dollar in over a decade, per Bank of America’s (BofA) latest survey and that extreme bet could breed bitcoin BTC$68,770.50 volatility, just not the way crypto bulls have become used to. BofA’s February survey shows investor positioning in the U.S. dollar has fallen to its most negative (bearish) level…
Crypto exchange Kraken has become the latest company to heed calls from US President Donald Trump to support his “Trump Accounts,” a savings plan for American children under 18. The move was first announced by Wyoming Senator Cynthia Lummis on Monday, with the Republican official stating that Kraken would provide funding to all Trump Accounts…
Users of crypto hardware wallets Ledger and Trezor are again reporting receiving physical letters aimed at stealing their seed recovery phrases — the latest attack on users exposed across numerous data leaks over the past six years. Cybersecurity expert Dmitry Smilyanets was one of the first to report receiving a spurious letter from Trezor on…
YouTube star Logan Paul has set a new Guinness World Record, selling his rare Pokémon card for nearly $16.5 million on Monday — the most expensive card sale in history — though the new record sale didn’t come without controversy. The auction for the Pikachu Illustrator Pokémon card — one of 39 created in a…
Binance co-founder Changpeng “CZ” Zhao warns crypto’s lack of privacy blocks everyday adoption, echoing CoinDesk Consensus Hong Kong panelists who called it a barrier to widespread institutional use. Blockchain’s total transparency gets hyped as the ultimate democratization middle finger to shady banks and Wall Street fat cats operating in the dark. But here’s the catch:…
Russia’s Ministry of Finance has estimated the country’s daily cryptocurrency turnover at 50 billion rubles, or roughly $650 million, with annual activity exceeding 10 trillion rubles, around $130.5 billion. The figures were shared by Deputy Finance Minister Ivan Chebeskov at the Alfa Talk conference, highlighting the growing scale of unregulated crypto use in the country,…
HONG KONG — Oleg Ogienko, A7A5’s director for Regulatory and Overseas Affairs, is looking to debate anyone who accuses him of breaking any compliance laws through his stablecoin company. Speaking to CoinDesk during Consensus Hong Kong, the public face of the Ruble-denominated stablecoin issuer A7A5 — which grew faster last year than USDT or USDC…
Digital asset venture capital company Animoca Brands has won regulatory approval in Dubai. Animoca has been granted a Virtual Asset Service Provider (VASP) license from the Emirate’s regulatory authority for the digital asset industry, the firm announced via email on Monday. The Hong Kong-headquartered company, which won in-principle approval as a regulated fund manager in…
Bloomberg Intelligence macro strategist Mike McGlone said Monday that collapsing crypto prices may signal broader financial stress, warning bitcoin could revert toward $10,000 and potentially foreshadow the next U.S. recession. In a post on X, McGlone also said the long-standing “buy the dip” mentality that has supported risk assets since 2008 could be breaking down…
Nexo is set to return to the U.S. market, saying it has officially rolled-out a suite of digital asset offerings and trading infrastructure from the U.S.-based Bakkt. The digital asset wealth platform withdrew from the U.S. in late 2022 after what it called a “dead end” in negotiations with state and federal regulators over its…
