Markets Daily Crypto Roundup

Tyrone Ross speaks with Kevin Kelly of Delphi Digital

With BTC's rally looking overstretched and a new investor survey, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Nexo.io and Elliptic.Today's stories:Is Bitcoin's Rally Overstretched? This Key Indicator Says No Bitcoin has plenty of room to rally, according to a fundamental analysis indicator that flagged the price bottom in March.More Than Half of US Investors Interested in Bitcoin, Grayscale Survey FindsA survey from Grayscale Investments suggests interest in bitcoin is on the rise, with the coronavirus being a driver of new investors.MicroStrategy Is Looking to Buy More Bitcoin, President SaysBitcoin is boosting MicroStrategy's market visibility, say executives. Revenues rose 6.4% year-over-year and the company notched a net loss of $14.2 million for the quarter.Trump Campaign Website Hit by Hackers Touting Crypto Scam The U.S. president's campaign website was briefly compromised on Tuesday as hackers looked to fleece cryptocurrency from unsuspecting supporters in the final days before the 2020 election.

With BTC headed headed towards multi-year highs and a crypto launch from mainstream financial firm JP Morgan, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Nexo.io and Elliptic.Today's stories:Bitcoin Hits 15-Month High Despite Sell-Off in Global StocksBitcoin's (BTC) price has climbed to 15-month highs even as coronavirus-induced instability rocks the stock markets.Harvest Finance: $24M Attack Triggers $570M 'Bank Run' in Latest DeFi ExploitHarvest Finance has seen its total value locked drop by more than $500 million in the 12 hours since being hit by a flash loan attack.PayPal's Crypto Offering May Mean a Bigger Tax 'Headache'PayPal opening its network to cryptocurrencies could create a serious tax headache for users.JPMorgan's 'JPM Coin' Is Live, Execs SayA major tech firm is about to start using JPM Coin in global payments, as the investment bank doubles down on its blockchain business.

In this episode of the “On Purpose” Podcast, join host Tyrone Ross and Morgen Rochard, author, CFA, CFP of Origin Wealth Advisors as they dig into why bitcoin and only bitcoin is where financial advisors should focus their attention and limited time.A word from Tyrone:“Welcome to this episode of the On Purpose podcast, I’m your host Tyrone Ross and in this episode you’ll hear my conversation with Morgen Rochard, CFA, CFP who is, of course, a member of the CoinDesk FA (financial advisor) council. She’s also the better half of Pierre Rochard for those of you who follow the crypto space.  In this conversation you’ll hear us talk about bitcoin and bitcoin only. We’ll talk about why financial advisors should ONLY pay attention to bitcoin and nothing else. Morgen shares her approach to conversations with clients about bitcoin... She’ll also give you some ideas of where you (if you’re listening to this, Mr. or Ms. Advisor) can feel comfortable with your clients going out and getting access to bitcoin.  I hope you enjoy our discussion. Like it, retweet it, share it, put it in the family chat...  We’ll be back on Thursday with my good friend Kevin Kelly of Delphi Digital, but for today enjoy Morgen’s wisdom.  And until next time, I appreciate you!” - Tyrone RossWant to learn more?The goal of Bitcoin for Advisors is to equip investment advisors with tools to better understand bitcoin, talk to their clients about bitcoin and to work bitcoin into their businesses. We’re working closely with professional advisors to build out a program that is timely, valuable and actionable for the financial advisor community, and presented in a manner that is targeted and relevant to their interests.Through a series of keynotes, panels and interactive roundtable sessions, we will discuss investment theses for bitcoin, why younger demographics are turning to this asset and how it fits into the current global macroeconomic picture. We will also walk through the practicalities: how to answer client questions about bitcoin, how to talk to your compliance department about bitcoin and how bitcoin can help grow your book. Advisors will walk away from this virtual event with a grasp of how bitcoin fits into the world and their businesses.

With BTC finally above $13K and at least some clarity from the IRS on crypto tax reporting, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Nexo.io and Elliptic.Today's stories:Number of Bitcoin 'Whale' Addresses at Highest Since Fall 2016The number of investors with over 1,000 bitcoin has peaked to four-year highs amid the recent price rally. Bitcoin's Rivalry With Gold Plus Millennial Interest Gives It 'Considerable' Upside Potential: JPMorganA Friday note outlines institutional, corporate, and Millennial interest in the leading cryptocurrency.Tax Payers Must Disclose Airdropped, Forked Cryptos, Says IRS' Draft 2020 GuidanceThe U.S. tax agency has clarified who needs to answer "yes" to a question over cryptocurrency activity included in the draft 1040 income tax form.Virgil Griffith's Attorney Files Motion to Dismiss Sanctions ChargesThe motion, filed by Brian Klein, claims the indictment of Griffith doesn't "specify any alleged overt facts," and contains no actual allegation of fact.

In this episode of the “On Purpose” Podcast, join Host Tyrone Ross and guests Adam Pokornicky of DAiM Bitcoin Wealth Management and Adam Blumberg, Co-founder of Interaxis as they discuss and dissect the unique advantages and challenges for advisors and their clients looking to include bitcoin in their investment strategies. A word from Tyrone:“…In this episode I’ll be talking with “The Adams” who are part of the FA council along with myself at CoinDesk and we will be discussing Bitcoin in retirement accounts, IRAs, the whole thing. Everything about it that financial advisors don’t understand and need to know if this is truly going to be a viable asset that’s going to be a part of client portfolios.  I think you’ll find the conversation engaging and fruitful. Listen, share, like, subscribe if you find it valuable. I will see you all on the next one, until then… live ‘On Purpose!’ I appreciate you.” - Tyrone RossWant to learn more?The goal of Bitcoin for Advisers is to equip investment advisors with tools to better understand bitcoin, talk to their clients about bitcoin and to work bitcoin into their business. We’re working closely with professional advisers to build out a program that is timely, valuable and actionable for the financial advisor community, and presented in a manner that is targeted and relevant to their interests.Through a series of keynotes, panels and interactive roundtable sessions, we will discuss investment theses for bitcoin, why younger demographics are turning to this asset and how it fits into the current global macroeconomic picture. We will also walk through the practicalities: how to answer client questions about bitcoin, how to talk to your compliance department about bitcoin and how bitcoin can help grow your book. Advisers will walk away from this virtual event with a grasp of how bitcoin fits into the world and their business.

With traders anxiously watching bitcoin at $13K and more on the PayPal story, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Nexo.io and Elliptic.Today's stories: First Mover: As Bitcoin Tops $13K, Analyst Explains How Blockchain Gives Clues on Next Move Chainalysis Chief Economist Philip Gradwell tips his five favorite blockchain data points for analyzing cryptocurrency markets. PayPal Said to Be in Talks to Buy Crypto Firms Including BitGo: BloombergPayPal's Move Is Good for Crypto Adoption but Not So Much for Profits: Morgan StanleyThere may be more upside for crypto than for PayPal's earnings, researchers wrote.Hedge Fund Billionaire Tudor Jones Says Bitcoin Rally Only in 'First Inning': ReportJones said he has been surprised by the "intellectual capital" behind bitcoin. 

With BTC pulling back from $13K and reactions to PayPal in the news, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Nexo.io and Elliptic.Today's stories: Back at $13K: Bitcoin Unfazed by Profit Takers After Rise to 2020 High The bitcoin market looks to be shrugging off increased selling pressure from profit takers after prices surged this week.CFTC Provides Crypto Futures Firms New Storage GuidanceThe CFTC wants futures commission merchants to take care when dealing with customer's funds.Baby Steps or Handcuffs? Crypto Pros Assess PayPal's Bitcoin Play Fintech giant PayPal confirmed its move into crypto Wednesday. Is its no-withdrawals bitcoin service too restrictive or mainstream-friendly?Voyager Agrees to Buy LGO Markets and Merge 2 Firms' Tokens Two cryptocurrency trading firms are merging, and in a rare twist, so are their tokens.

In this kickoff episode of the On Purpose podcast, host Tyrone Ross catches up with his good friend and registered investment advisor Josh Brown. They cover the overall crypto landscape for advisors, what kind of demand Josh has seen and is seeing from his clients, what he thinks of Bitcoin’s progress so far not to mention his view on one of the much-anticipated Bitcoin ETFs.This is a fun, engaging conversation offering insight to advisors from one of the premier voices and thought leader in the RIA space.Be sure to listen to end to hear the identity of Satoshi Nakamoto according to Downtown Josh Brown!

With BTC's breakout and the latest on PayPal's big play, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Nexo.io and Elliptic.Today's stories: Bitcoin Price Hits Two-Month High Above $12,300 Bitcoin's price clocked two-month highs above $12,370 on Wednesday. The options market expects a continued rally. PayPal Granted New York's First 'Conditional BitLicense' to Offer Crypto Services The New York Department of Financial Services license allows PayPal to offer cryptocurrency buying and selling through a partnership with Paxos.Central Bank of Bahamas Launches Landmark 'Sand Dollar' Digital Currency  The Bahamas has officially launched the world's first national digital currency, the sand dollar.UK-Listed Firm Mode Putting up to 10% of Cash Reserves Into Bitcoin Mode said it's the first U.K. listed firm to invest in bitcoin as part of its treasury management strategy.

With bitcoin nearing $12K and the end of an era in Berlin, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Nexo.io and Elliptic.Today's stories:Bitcoin Closes on $12K But a Wall of Sell Orders Awaits: Analyst Bitcoin is on the rise toward $12,000, but may face a stiff challenge to cross the price hurdle. Uniswap's First Governance Vote Ends in Ironic FailureThe vote had been intended to decide whether or not to reduce the thresholds required to make and pass proposals on the DeFi protocol.Closing Time for Bitcoin's Iconic Room 77 – 'And That's OK,' Says OwnerRoom 77 originally opened as a side project, until Bitcoin came and made it an icon. Now, the first bar to ever accept bitcoin is closing.

With BTC transaction activity slowing and Filecoin miners striking, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Nexo.io and Elliptic.Today's stories:'Boring' Bitcoin Market Sends Miners' Fee Earnings to 3-Month LowBitcoin's transaction activity has cooled amid the recent lull in price action – and that's hurting miners' earnings. Filecoin Miners Go On Strike One Day After Mainnet Launch, Prompting Early Reward ReleaseSome of the largest Filecoin miners stopped mining on Saturday, complaining the project’s mining incentive scheme has made it impossible for the miners to start operations.   The OKEx Drama Exposes a Weakness in Crypto Market Infrastructure  The OKEx drama shows just how immature crypto markets are compared to traditional ones, but it also highlights their overall resilience.First Users Not So Impressed by China's Digital Yuan: Report A recent giveaway of China's in-testing central bank digital currency has reportedly left recipients wondering why they should change from existing solutions like Alipay.

With BTC dropping, OKEx halting withdrawals and Filecoin launching, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Nexo.io and Elliptic.Today's stories: Bitcoin Price Dips 3% on OKEx News, Analysts Aren't Too Worried While market sentiment may remain temporarily weak after the OKEx news, a price crash looks unlikely.  OKEx Suspends Withdrawals, Says Key Holder Not Available Due to Cooperation With InvestigationWithdrawals are suspended as a key holder is "out of touch," preventing withdrawal authorizations.Nigeria Is Developing Strategies for National Blockchain AdoptionNigerian authorities are developing a roadmap for the adoption of blockchain technology in public administration and payments on a national scale.Filecoin Launch Finally Brings $200M ICO to FruitionFilecoin, designed as a decentralized alternative to Amazon Web Services, is now live as of block height 148,888, or 14:44 UTC.

With bitcoin falling back towards $11K and news out of the Invest: Ethereum Economy conference, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Nexo.io and Elliptic.Today's stories: World's Growing Stockpile of Negative-Yielding Debt a Positive for Bitcoin, Say Analysts The search for profit is likely to intensify with amount of global debt offering negative yields more than doubling in the past seven monthsBlockchain Bites: Ethereum Power Users, Composability Questions, Staking SolutionsThis special edition of Blockchain Bites covers everything you need to know from CoinDesk's invest: ethereum economy conference and the news from elsewhere in the cryptoverse. New York Regulator Calls for More Social Media Oversight After Twitter HackNYDFS said cybersecurity must be treated as critical infrastructure by governments and corporations alike.

With bitcoin traders eyeing $12K and Litecoin pivoting to privacy, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Nexo.io and Elliptic.Today's stories:Bitcoin Steady Above $11,400 as Hashrate Reaches New High Bitcoin's record hashrate indicates fundamentals are stronger than ever, according to Skew Markets. JPMorgan Calls Square's $50M Bitcoin Investment 'Strong Vote of Confidence' for the Cryptocurrency Other payment companies will also likely follow in Square's footsteps or risk getting shut out of a growing segment, JPMorgan wrote.In Effort to Differentiate, Litecoin Makes a Move to Privacy Litecoin (LTC) founder Charlie Lee told CoinDesk in an interview the project is now looking to adopt key privacy-enhancing features, which he sees as increasingly attractive to cryptocurrency users.WEF Releases Report Assessing Global Blockchain Standards The Global Standards Mapping Initiative is the most "comprehensive" attempt so far to survey blockchain technical standards, the WEF said.

With BTC on its longest winning streak in more than a year and governments around the world working to craft a global CBDC framework, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Nexo.io and Elliptic.Today's storiesBitcoin Eyes $12K Price After 6-Day Streak of GainsBitcoin's six-day run of gains has shifted the focus to psychological hurdle of $12,000. Some analysts are looking even higher.Coinbase Wallet Users Can Now Purchase Crypto Inside the AppFor Coinbase users who don’t want to keep their funds on an exchange, the buying and storing crypto just became a lot easier. IMF, World Bank Plan Central Bank Digital Currency Rules Many of the world's largest economies will institute national digital currency banking standards with the International Monetary Fund and World Bank.Serena Williams Looks to Have Dropped Coinbase Investment After Activism Row Williams' venture firm no longer displays Coinbase in its portfolio.

With BTC back above $11K and China giving away its new digital currency, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Nexo.io and Elliptic.Today's stories:Bitcoin Down 1% After Biggest Weekly Price Gain Since JulyDespite a dip today, bitcoin has crossed into bullish territory with the biggest weekly gain since July.BitMEX Exchange Hires Compliance Chief After US ChargesBitMEX, the cryptocurrency derivatives exchange recently charged by U.S. authorities for offering illegal trading services, has hired a compliance veteran.Shenzhen Giving Away Millions in Digital Yuan in Lottery to Boost Consumption, Test Tech: ReportThe promotion is part of China's efforts to try out out and stimulate usage of its new digital currency.Spate of Bitcoin Extortion Bomb Threats Hit Government, Schools in JapanThe extortionists demand a payment in bitcoin to avoid the detonation of an explosive device, per a report.

With BTC breaking above $11K and central banks collaborating to standardize CBDCs, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Nexo.io and Elliptic.co.Today's stories:Bitcoin Tops $11K for First Time in Almost 3 Weeks Bitcoin appears to have broken out of its tight trading range over the past two weeks, between roughly $10,500 and $10,800.  Square Puts 1% of Total Assets in Bitcoin in Surprise $50M Investment Jack Dorsey's payments company is the second publicly traded firm to put some portion of corporate reserves into bitcoin, following MicroStrategy's $425 million all-in bet.Fed Reserve and 6 Other Central Banks Set Out Core Digital Currency PrinciplesThe seven central banks, along with BIS, have released a report setting out agreed core objectives that must be met by national digital currencies.BitMEX CTO Released in US After Payment of $5M BondThe former chief technology officer of the troubled BitMEX exchange has been released after a bond for $5 million was paid in the U.S.

With trading volumes surging and DeFi slowing down, CoinDesk’s Markets Daily is back for your latest crypto news roundup! This episode is sponsored by Crypto.com, Nexo.io and Elliptic.co.Today's stories:Bitcoin Options Volume on CME Jumps 300% as Traders Take Bullish Bets Trading volumes for CME bitcoin options surged as traders made bull call spreads anticipating a rally.As DeFi Deflates, Ethereum Users Get Reprieve From Soaring Fees, CongestionThe popularity of decentralized cryptocurrency exchanges had backed up the Ethereum blockchain, raising questions about its ability to scale. BitMEX CEO Arthur Hayes Leaves Role After US Charges The parent group of BitMEX has announced an executive shakeup after U.S. authorities charged the firm over allegedly illegal conduct.KPMG Airs Blockchain Solution to Help Corporates Offset Carbon Emissions "Big Four" firm KPMG says its patent-pending blockchain solution will help organizations measure, report and offset their carbon emissions

With BTC steady and central bank digital currencies getting close, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Nexo.io and Elliptic.co.Today's stories: Analysts Can't Agree on What Prompted Big Spike in New Bitcoin Addresses New bitcoin addresses have spiked this month, with one industry exec pointing to traders moving funds off the legally troubled BitMEX exchange. Others disagree.China Central Bank Official Reveals Results of First Digital Yuan PilotsAn official for China’s central bank unveiled usage statistics of state-backed digital currency trials held in three Chinese cities.Inside the Estonian CBDC Experiment That Could Shape the Digital Euro How the firm helping lead Estonia's central bank digital currency research is approaching a mass-market crypto coin.Oman Central Bank Warns on Crypto 'Risk,' Singles Out Dagcoin The central bank warned citizens and residents they use cryptocurrencies at their own risk.