Coindesk

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 3974.18, up 1.8% (+70.68) since yesterday's close.Ten of 20 assets are trading higher.Leaders: RENDER (+14.7%) and LTC (+9.7%).Laggards: ETC (-5.7%) and ICP (-3.1%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Worksport (WKSP), a tiny Nasdaq-listed maker of covers for pickup truck beds, has added its own twist to the newly popular corporate strategy of buying bitcoin that was introduced and made famous by Michael Saylor's MicroStrategy (MSTR).The New York-based company, which has a $20 million market capitalization, is investing up to 10% of its cash reserves into bitcoin (BTC) and also Ripple’s native cryptocurrency, XRP (XRP). At present, that equates to up to $5 million.This shift is intended to protect the company’s assets against inflation and to enhance transaction efficiency, the company said.Since Donald Trump's election a month ago, at least a dozen other companies have announced they plan to stash extra cash in bitcoin. But Worksport's embrace of XRP,...

Jonathan Levin has taken over the top job at crypto analytics company Chainalysis two months after co-founder and longtime CEO Michael Gronager went on leave.Chainalysis is a major provider of crypto compliance software to governments and corporations that want to know where their digital money is flowing. Its various tools peel back the perceived anonymity of cryptocurrencies.Demand for such services is only likely to grow if the incoming U.S. administration's pro-crypto talk sparks a wider adoption boom, said Levin, the company's former chief strategy officer."What the company needs right now, given all of the excitement in the market and the strong financial position of Chainalysis, is to be a market leader for our customers and to take bets on broadening...

By Omkar Godbole (All times ET unless indicated otherwise)The wait is over. Bitcoin has surged past $100,000, driven by a number of factors, including President-elect Donald Trump's appointment of supposedly crypto-friendly Paul Atkins to lead the SEC. Most analysts are bullish, anticipating further gains toward $120,000 and higher, and it's not hard to see why. As Newton's first law states, an object in motion maintains its speed and direction unless acted on by an outside force.The wider market is poised to benefit from bitcoin's milestone, especially as the six-digit price may be too steep for many retail investors, prompting them to consider alternative cryptocurrencies.Ether, in particular, is likely to benefit because the spread between the Ethereum staking yield and the...

Bitcoin (BTC), Federal Reserve Chair Jerome Powell said yesterday, is not a competitor of the U.S. dollar but to gold. Not only did the largest cryptocurrency by market capitalization soar through $100,000 during Asia trading hours, reaching a record $104,000, it's also at an all-time high when priced in gold, worth about 39 ounces, breaking through the last remaining resistance level for that trading pair. It has also hit records against silver and the S&P 500.The price action means bitcoin is now an over-$2 trillion asset class, with its sights on overtaking Google (GOOG), whose market cap is $2.14 trillion, and Amazon (AMZ) at $2.29 trillion. That would happen if it hit $115,000 a token and make it the fifth-largest...