Coinbase Is Boosting Its Crypto Buying Limit to $25K a Day

This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.Bitcoin posted a sizable advance on Wednesday, rising nearly 5% at one point to just shy of $26,800 alongside a rally in traditional markets as interest rates retreated.…

Feb 24, 2020 at 22:00 UTCUpdated Feb 24, 2020 at 22:18 UTCBank of England. Credit: ShutterstockAs central bank digital currencies (CBDCs) march into view, a privately-run version of digital fiat is adding a key tech partner.Utility Settlement Coin (USC), the blockchain-based payments system involving commercial and central banks, will be working with ConsenSys-backed startup Adhara,…

A guard polices access to a shopping area in Wuhan. Via ShutterstockWuhan Days: What I Learned About Blockchain From Two Months Under LockdownWei Liu is Head of Business Development for DeFiner.org, a peer-to-peer network for digital savings, loans and payments. He is based in Wuhan, China. For my family and I, the Chinese Lunar New…

21Shares, a provider of crypto exchange-traded products (ETP), introduced a way of gaining exposure to Lido DAO, offering traditional investors single asset exposure to the largest participant in the liquid-staking ecosystem.According to the Switzerland-based company’s issue-specific summary, “21Shares Lido DAO ETP (LIDO) is a non-interest bearing, open-ended security. Each series of the product is linked…

Nov 11, 2020 at 4:20 p.m. UTCUpdated Nov 11, 2020 at 4:36 p.m. UTCBridgewater’s Dalio Sees Governments Banning Bitcoin Should It Become ‘Material’Ray Dalio, the founder and co-Chairman of Bridgewater Associates, the world’s largest hedge fund, said he sees three main problems with bitcoin and other cryptocurrencies that will limit their future, including that governments…

The U.S. Securities and Exchange Commission (SEC) secured an emergency restraining order against the Telegram Group and its subsidiary TON Issuer for their $1.7 billion token sale. The SEC announced late Friday that it filed for and received an emergency action and restraining order halting Telegram from selling or otherwise distributing its gram tokens within…

news A New York judge has punted on deciding whether crypto exchange Bitfinex and stablecoin issuer Tether need to turn over documents and otherwise comply with a state investigation. The New York Attorney General’s office (NYAG) is looking into allegations that Bitfinex covered up the loss of nearly $1 billion in client funds by borrowing…

One of the first verticals Davis will launch is SLiC Images, which aims to be a decentralized platform, file storage product and licensing system for photographers – pros and amateurs alike. “If a picture says 1,000 words, we want to capture history now because in blockchain and Web3 those words can live for 1,000 years,”…

news Calibra, a digital currency wallet built by Facebook, is beefing up its compliance team as the company tries to convince U.S. and European regulators that the social media giant’s Libra project poses no legal threat. Now it’s bringing that conviction to the fore by hiring for a new compliance team to manage the many…