Bitcoin’s ascent above $19,500 was cut short early on Tuesday, possibly due to profit taking by large Asia-based investors, according to one analyst. The top cryptocurrency fell from $19,555 to $19,035, with most of the drop unfolding during the two hours to 06:00 UTC, according to CoinDesk 20 data. “I think Asian whales sold around...Read More

Hi all, thought we’d try something different in today’s edition of Blockchain Bites. Yesterday and today saw a flurry of news that seemed disparate and unconnected but may actually tell a bigger story about changing institutional attitudes to bitcoin and crypto, generally. PayPal and BlackRock executives both said that digital assets could have a much...Read More

As the coronavirus takes its devastating toll on the U.S. economy, financial pros are increasingly confounded by the markets.  The economy is in its worst shape since the early 20th century, and stocks are soaring. The U.S. government’s borrowing is expected to triple to a record $4.5 trillionthis fiscal year, yet 10-year Treasury yields are close to historic lows. You’re reading First Mover, CoinDesk’s...Read More