Decrypt News

Mohamed El-Erian: Bitcoin ‘Captures 3 Things Central Banks Should Be Concerned About’

Mohamed El-Erian, chief economic adviser at Allianz and former CEO of Pimco, says the current Bitcoin bull run "captures three things"—in his framing, three types of investors—that central banks should be concerned about right now. El-Erian, who is also the president...

Coinbase Listing’s Biggest Risk Factors: Another Crypto Winter

Coinbase, the biggest US cryptocurrency exchange, posted its S-1 filing on Thursday morning ahead of its upcoming milestone direct listing on the Nasdaq. The filing revealed $322 million in profit in 2020 compared to a loss of $30 million in 2019, stark proof of how...

Binance Launches Solana Staking, Offering Yields Up to 43%

Crypto exchange Binance's users can now stake Solana (SOL) tokens, according to a statement. Users will be able to get annualized yields of up to 43.79% starting from today. Solana is a high-speed blockchain that touts speeds of up to 65,000 transactions per second...

Bitcoin Outflows on Coinbase Suggest Institutions Are Buying the Dip

Around 13,000 Bitcoin was withdrawn from Coinbase yesterday and moved to multiple custody wallets, according to data from Cryptoquant.  This indicates that institutional investors are buying Bitcoin just below the $50,000 mark. It also suggests that they were neither...

Coinbase Reveals $322M in Profit For 2020 Ahead of Landmark Public Debut

The recent Bitcoin bull run helped Coinbase pull in a profit of $322 million on revenues of over $1.2 billion in 2020, putting the cryptocurrency giant in a strong position as it prepares to sell its shares to the public in its upcoming direct listing on the Nasdaq....

MicroStrategy Has $4.5 Billion in Bitcoin, But It Wants More

Even though MicroStrategy has recently invested yet another $1 billion in Bitcoin (BTC), it doesn’t plan to stop any time soon, according to the firm’s statement published yesterday. “We will continue to pursue our strategy of acquiring bitcoin with excess cash and we...

Stone Ridge Adds Bitcoin to its Diversified Alternatives Fund

New York-based asset manager Stone Ridge has added Bitcoin as the seventh investment strategy in its diversified alternatives fund. This addition will become effective on April 26, according to an SEC filing yesterday. As its name suggests, the fund is focused on...

Legendary NFT Artwork Gets Resold for $6.6 Million

An NFT created by acclaimed digital artist Beeple has been resold for $6.6 million. The NFT, titled “Crossroad,” depicts former President Trump lying in a heap after losing the 2020 presidential election.  Beeple—whose real name is Mike Winkleman—is one of the biggest...

Markets Flatline As Long and Short Sellers Pour into Bitcoin

The crypto markets cooled overnight as the turbulence of earlier this week appears to be evening out.  Global market cap was down 1.57% to $1.56 trillion according to Nomics. The crypto top 20 is all down less than 5%, with the only exception being Dogecoin, which...

‘Stop the Steal’ Organizer Hosting Clubhouse Sessions About Bitcoin

Ali Alexander, organizer of the "Stop the Steal" movement that maintained that Donald Trump actually won the 2020 presidential election, has implied he's effectively in hiding since the January 6 US Capitol attack, which he allegedly helped incite. But he's still got...

Binance Launches Solana Staking, Offering Yields Up to 43%

Crypto exchange Binance's users can now stake Solana (SOL) tokens, according to a statement. Users will be able to get annualized yields of up to 43.79% starting from today. Solana is a high-speed blockchain that touts speeds of up to 65,000 transactions per second...

MicroStrategy Has $4.5 Billion in Bitcoin, But It Wants More

Even though MicroStrategy has recently invested yet another $1 billion in Bitcoin (BTC), it doesn’t plan to stop any time soon, according to the firm’s statement published yesterday. “We will continue to pursue our strategy of acquiring bitcoin with excess cash and we...

Legendary NFT Artwork Gets Resold for $6.6 Million

An NFT created by acclaimed digital artist Beeple has been resold for $6.6 million. The NFT, titled “Crossroad,” depicts former President Trump lying in a heap after losing the 2020 presidential election.  Beeple—whose real name is Mike Winkleman—is one of the biggest...

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