Crypto Rally Foiled by Report of DOJ Probe of Tether
Bitcoin appeared poised to make another run at $70,000, but a WSJ story of a criminal probe into the stablecoin issuer sent prices tumbling Friday afternoon.
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Bitcoin appeared poised to make another run at $70,000, but a WSJ story of a criminal probe into the stablecoin issuer sent prices tumbling Friday afternoon.
Tokenization of conventional financial products is a booming sector within the digital asset industry, with BlackRock, HSBC and now Lazard among the global firms entering the space.
Blockchains are stuck in silos, fragmenting liquidity and making for a clunky user experience. It’s time to tear down the walls.
These tokens are at a regulatory disadvantage to stablecoins due to their classification as securities, the report said.
The Netherlands launched a consultation on Thursday on a bill that would require crypto services to share their users’ data with tax authorities.
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NEAR Protocol also joined Aptos as an underperformer, falling 2.2% from Thursday.
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 25, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
One of the major breakout successes this year for the team behind layer-2 blockchain Polygon is Polymarket. But according to data, Polymarket has only brought in about $27,000 of transaction fees for Polygon PoS in 2024.
Microstrategy hits 17% of the trade volume of nvda