Why Bankers Are Ditching Cryptocurrencies

Senior executives at some of the world’s largest investment banks are moving away from traditional finance for cryptocurrency jobs, often seeking more excitement and higher rewards in an industry regulators have dubbed the “Wild West.” The exits of traders, quants, tech specialists and bankers from traditional Wall Street or City backgrounds for cryptocurrencies are gaining … Read more

Does Crypto Winter offer entry points for Wall Street businesses? Here are the key factors that shape institutional adoption

Hello! Welcome back to Distributed Ledger, our weekly cryptocurrency newsletter that hits your inbox every Thursday. I’m Frances Yue, a cryptocurrency journalist at MarketWatch, and I’ll walk you through this week’s latest and best digital assets so far. Find me on Twitter at @FrancesYue_ to send feedback or tell us what you think we should … Read more

Cryptocurrency firms step up lobbying effort as regulators tighten oversight. Here’s how much Coinbase, Ripple and Binance paid in 2021

As US regulators tighten oversight of the digital asset space, cryptocurrency companies are doubling down on their lobbying efforts. Companies engaged in cryptocurrency businesses spent at least $ 4.9 million on lobbying in 2021, up 116% from 2020, according to a recent study by crypto intelligence site Crypto Head. According to the study, cryptocurrency lobbying … Read more

The cryptocurrency pair had Russian bank accounts and traveled to Ukraine to collect fake IDs, Feds say: “Excerpt from the pages of a spy novel”

The New York hipster couple accused of one of the biggest cryptocurrency thefts in the world had quietly opened bank accounts in Russia and traveled to Ukraine to obtain fake IDs, authorities said. Federal prosecutors exposed the new details of the couple’s financial and travel movements as part of the government’s appeal against a judge’s … Read more

Crypto bull says “I look at the stock market and it is just starting to correct and that worries me more”: we could see “another 20%” down “for the Nasdaq”

Wealthy investor Mike Novogratz says the days of easy money on Wall Street are drawing to a close and he sees more pain in store for stock market investors in the coming months. “I look at the stock market and it’s just starting to correct and that worries me the most,” he told MarketWatch in … Read more

British politicians seize cryptocurrencies amid fears of bank run on “faster and larger scale”

“Order! Order!” Former House of Commons Speaker John Bercow yells his infamous slogan down the barrel of a camera. “Is intelligence in the room? Stop selling!” At the request of Crypto Boole, a Twitter account, Bercow recorded a message on the video sharing site Cameo. Its message is simple: keep calm and HODL through the … Read more

The NFT market explodes while the cryptocurrency market remains sluggish. Here because

Hello! Welcome back to Distributed Ledger, our weekly cryptocurrency newsletter that hits your inbox every Thursday. I’m Frances Yue, a cryptocurrency journalist at MarketWatch, and I’ll walk you through this week’s latest and best digital assets so far. Find me on Twitter at @FrancesYue_ to send feedback or tell us what you think we should … Read more

How Professional Traders Are Changing the Cryptocurrency Market: “Market Structure is Evolving”

As cryptocurrency loses its stigma as nothing more than a convenient conduit for criminals and money launderers, banks have so far proceeded with caution. Goldman Sachs and JPMorgan are among the large banks that have engaged in trading cryptocurrencies – not cryptocurrencies per se, but futures contracts and other instruments – to reap the volatility … Read more

The former CFTC chairman calls Biden’s approach to cryptocurrency regulation “reactionary”

Believers in the transformative power of blockchain have labeled the rise of bitcoin BTCUSD, + 0.18% and other cryptocurrencies a revolution, implicitly placing financial industry incumbents and federal regulators in the role of eager reactionaries. Former Commodity Futures Trading Commission Chairman Chris Giancarlo made the analogy explicit on Tuesday when he called the Biden administration’s … Read more

Bitcoin in the Bank: Traditional lenders try their hand at cryptocurrencies outside the United States

Traditional banks outside the United States are sampling cryptocurrencies, offering customers ways to invest and store bitcoin and other digital assets. Banco Bilbao Vizcaya Argentaria SA BBVA 1.36% —The second largest asset lender in Spain, with operations in Latin America and Turkey — allows customers to hold, buy and sell bitcoin and ether through a … Read more