Crypto News
CoinDesk 20 Performance Update: LTC Gains 4.9% as All Assets Trade Higher
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 3233.37, up 2.6% (+83.05) since 4 p.m. ET on Thursday.All 20 assets are trading higher.Leaders: LTC (+4.9%) and DOT (+4.8%). Laggards: BTC (+1.6%) and ETH (+1.8%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link
Canadian Man Convicted of Laundering Millions in Bitcoin Sentenced to 41 Months in Prison
The man moved the funds across several crypto exchanges in an attempt to keep them beyond the government’s reach.Source link
Cloudbet Removes All Betting Limits on Super Bowl LIX
This weekend’s Super Bowl brings an unprecedented opportunity for high-stakes bettors: unlimited betting on major markets. Cloudbet announces the removal of all stake restrictions on moneyline, spread, and over/under bets for Super Bowl LIX, allowing users to place bets of any size – whether it’s $10 million on the Eagles or $50 million on theSource link
KBW Starts Strategy Coverage With Outperform, Says Firm Offers Leveraged Bitcoin Exposure
Strategy (MSTR), the company formerly known as MicroStrategy, is an appealing investment for equity investors looking for levered bitcoin (BTC) exposure, investment bank KBW said in a research report Thursday.KBW assumed coverage of Strategy with an outperform rating and a $560 price target. The shares were 1% higher at around $329 in early trading.Once Strategy, the company co-founded by Michael Saylor, adopts the Financial Accounting Standards Board (FASB) updated accounting treatment for bitcoin holdings in the first quarter of this year, it will shift from an "outdated measurement approach to fair value accounting, with unrealized gains/losses flowing to net income," analyst Bill Papanastasiou wrote.The company reported an impairment loss of $1 billion for the fourth quarter of 2024 because it did...
The Black Keys Performed Crypto Gig Because They Needed Money
Drummer of The Black Keys, Patrick Carney, said the band did a crypto political gig because they had no money.Source link