Vanguard, one of the world’s largest asset managers with roughly $11 trillion in assets under management, will begin allowing customers to trade cryptocurrency ETFs and mutual funds on its brokerage platform starting Tuesday, according to Bloomberg. “Cryptocurrency ETFs and mutual funds have been tested through periods of market volatility, performing as designed while maintaining liquidity,”…
The acting chief of the U.S. Federal Deposit Insurance Corp. said the banking regulator expects to start proposing rules for stablecoin issuers before the close of December, according to testimony Travis Hill is preparing to deliver Tuesday before the House Financial Services Committee. First up on the regulator’s agenda for implementing the Guiding and Establishing…
The U.S. government was deliberately trying to hold back crypto development for years, according to a report released by U.S. Representative French Hill, who has been at the center of Congress’ push toward establishing crypto policies. The Republican chairman of the House Financial Services Committee issued a lengthy report on Monday detailing the federal government…
Kalshi is now offering tokenized versions of its event-contract wagers on Solana, the company told CNBC, marking its clearest bid yet to attract crypto traders who have gravitated to on-chain platforms like Polymarket. The setup tokenizes Kalshi’s existing event markets, spanning politics to macro data, and makes them tradable on Solana, according to the Monday…
Bitnomial, a Chicago-based derivatives exchange, is preparing to roll out the first spot cryptocurrency trading platform overseen by the U.S. Commodity Futures Trading Commission (CFTC). The Chicago-based derivatives exchange’s self-certified rules became effective Friday, authorizing it to list both leveraged and non-leveraged spot crypto products. The approval opens the door for customers to buy, sell…
When a Wall Street banking giant and a crypto CEO start a public fight over debanking, the world takes notice and the back-and-forth gets messy. Jack Mallers, CEO of crypto payments company Strike, dropped a social media bombshell on Nov. 23, saying JPMorgan closed all his accounts without cause. “Last month (Sept. 2), J.P. Morgan…
Bitcoin BTC$85,204.78 mining profitability declined for the fourth month in a row in November, according to a Monday report by JPMorgan (JPM). Daily block reward gross profit also slumped 26% from the month previous, analysts Reginald Smith and Charles Pearce wrote. The Bitcoin network hashrate dropped 1% to an average of 1,074 exahashes per second…
As Canada turns to stablecoin regulation, Scotiabank argued that the move is unlikely to shake domestic markets. Any framework is really about upgrading payment speed, efficiency and 24/7 settlement, rather than managing systemic risk, economist Derek Holt wrote in last week’s report. In November, the government committed itself to legislation that will regulate stablecoins backed…
Wall Street broker Benchmark said bitcoin’s BTC$86,302.83 price pullback has revived the usual alarms about the survival of bitcoin treasury company Strategy (MSTR), concerns it dismisses as noise that surfaces whenever the cryptocurrency falls. In a report published Monday, analyst Mark Palmer argued that critics are confusing short-term moves with genuine solvency risk, overlooking a…
By Omkar Godbole (All times ET unless indicated otherwise) December has started weak, with bitcoin BTC$85,921.21 trading at $86,800, down 5% over 24 hours after touching a low of $85,732 during the early Asian hours. The CoinDesk 20 and CoinDesk 80 Indices are off more than 6% apiece, signaling deeper risk-off moves in the broader…
