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By Connor HartPresident Trump and his administration have worked to open the doors for widespread adoption and investment in the crypto industry, and things are moving more quickly than expected, Coinbase said."It's really urgent for us to get it settled so that investors can invest in the sector, a…
Bank of America has been working on stablecoins like the rest of the industry and investors can expect the lender to move forward on this, CEO Brian Moynihan said on Wednesday, without giving a timeline."We feel both the industry and ourselves will have responses. We've done a lot of work," the CEO…
By Elsa OhlenShares of crypto mining service provider BitMine Immersion Technologies soared early Wednesday after one of Silicon Valley's biggest tech titans built a large stake in the company.Billionaire venture capitalist and Palantir Technologies and PayPal co-founder Peter Thiel disclosed late T…
Bank of America is working on launching a stablecoin, and investors can expect the lender to move forward with the cryptocurrency, CEO Brian Moynihan said on Wednesday, without giving a timeline.Stablecoins, a type of cryptocurrency designed to maintain a constant value, are usually pegged to a…
By Elsa OhlenThis "Crypto Week" may bring transformational changes to the digital- assets sector as three pieces of legislation move through Congress."If passed, the bills could open the floodgates for new crypto use cases, corporate adoption, and institutional investment," Benchmark analyst Mark Pa…
By Natalie WegerSharpLink Gaming shares rose after the company said it has become the world's largest corporate holder of ether cryptocurrency.Shares rose 10.5% to $26.38. The stock has more than tripled this year.SharpLink, which aims to adopt ether as its primary treasury reserve asset, said on Tu…
By Elsa OhlenThe price of Bitcoin was falling as the crypto's weeklong rally faded amid profit-taking and uncertainty about the longevity of recent gains.Bitcoin dropped 4.9% over the past 24 hours to $116,658, according to CoinDesk data. It hit a fresh record high above $122,000 in the early hours …
By Elsa OhlenCrypto-linked stocks including MicroStrategy, Coinbase Global, and Robinhood popped in early trading Monday as Bitcoin continued its surge over the weekend.Shares of Bitcoin-buyer MicroStrategy, which does business as Strategy, were up 2.8% to $446.69 in premarket trading.The company, l…
By Elsa OhlenBitcoin price soared past $120,000 for the first time early Monday.The crypto continued its bull run at the start of what has been coined "Crypto Week. Three key bills that important for the sector are making their way through Congress over the next five days.The price of the world's la…
By Dean SealBitMine Immersion Technologies said it has accumulated about $500 million worth of ether as part of its Ethereum treasury strategy.The company, which specializes in Bitcoin mining using immersion cooling, said its holdings reached 163,142 ether shortly after it closed a $250 million priv…
By Nicholas G. MillerShares of SharpLink Gaming rose after the online marketing company said it purchased 10,000 ether from the Ethereum Foundation for $25.8 million.The stock rose 16%, to $21.44, and is now up 181% over the past 12 months.The acquisition comes three days after SharpLink said it had…
BIT Mining shares more than doubled in recent Thursday trading as the company plans to raise $200 million to $300 million to build a Solana cryptocurrency treasury. As part of a strategic shift, existing crypto holdings will be converted into Solana tokens, the company said Thursday in a statement.…