Coindesk

Another company has elected to add bitcoin (BTC) to its balance sheet.Christian Angermayer, the chairman of Germany-based biopharmaceutical company atai Life Sciences (ATAI) announced today that the firm would develop its own bitcoin treasury strategy.“In an era of persistent inflation and volatile markets, I find myself asking an important question for biotech companies looking to preserve and optimize the capital they have: Could allocating a portion of treasury cash to bitcoin help preserve, optimize, and even extend a company’s runway and hence contribute to its success,” Angermayer wrote on Substack.The company will initially invest $5 million in bitcoin, Angermayer said, while holding enough cash, short-term securities and public equity for operational expenses into 2027.The pharmaceutical firm is the latest in...

Bitcoin developers looking to expand the blockchain's decentralized finance (DeFi) capabilities are likely to be considering zero-knowledge (ZK) proofs, functionality that's not currently available and which require a so-called soft fork, or new version of the software, to introduce them.That's a problem, according Edan Yago, a Bitcoin veteran of over a decade and core contributor to smart contract operating system BitcoinOS (BOS)."Forking a blockchain, especially one with $2 trillion worth of value on it, is like open-heart surgery," Yago told CoinDesk in an interview "Hard forks are obviously much more problematic, but I think introducing any kind of fork is fraught."A fork is a change to a blockchain's code that necessitates a divergence at a certain point onto a separate...

NEW YORK — With the U.S. government's help, the crypto industry will become a dominant in finance, U.S. President Donald Trump said Thursday.Crypto is "as big as you can get," he said during a five-minute taped speech at the Digital Asset Summit in Manhattan. Trump was met by a full room of attendees, many of whom entered the room just before his scheduled speech and who immediately vacated after he wrapped up."Pioneers like you will be able to improve our banking and payment system and promote greater privacy, safety, security and wealth for American consumers and businesses alike," he said. "You will unleash an explosion of economic growth."Trump noted that his administration has already stopped selling seized Bitcoin and has...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 2712.19, down 1.0% (-26.22) since 4 p.m. ET on Wednesday.Three of 20 assets are trading higher.Leaders: BCH (+1.0%) and LINK (+0.6%).Laggards: AVAX (-4.5%) and DOT (-3.7%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Copper, recognized as a reliable economic indicator for decades, is nearing record highs.Seasoned crypto traders may recall periods when bitcoin (BTC) and copper exhibited a strong positive correlation and may quickly draw bullish conclusions from the recent rally in the red metal. If that's not enough, BTC's best years have been characterized by a rally in the copper-gold ratio, which is beginning to rise. However, the latest copper rally is driven by factors other than positive cues from global economy, warranting caution while seeing it as a bullish indicator for risk assets, including BTC. According to ING, copper's year-to-date increase of 12% to $5.10 per pound on COMEX has been primarily driven by President Donald Trump's trade tariffs, which pose...