Crypto News

Trump Media and Technology Group (DJT), the company that operates the social media site Truth Social, announced Wednesday it is launching a financial services platform focusing on crypto and customized exchange-traded funds.The company's board approved an investment of up to $250 million at major asset manager Charles Schwab (SCHW). The funds may be allocated to customized separately managed accounts (SMAs), customized exchange-traded funds (ETFs) and bitcoin (BTC) and similar cryptocurrencies or crypto-related securities, according to a filing to the Securities and Exchange Commission.Charles Schwab will also broadly advise on Truth.Fi's investments and strategy, according to the press release.“Truth.Fi is a natural expansion of the Truth Social movement," Trump Media CEO and Chairman Devin Nunes said in a statement. "We began...

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 3686.16, down 0.8% (-30.23) since 4 p.m. ET on Tuesday.Four of 20 assets are trading higher.Leaders: UNI (+5.1%) and NEAR (+0.5%).Laggards: ICP (-3.2%) and BCH (-2.2%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

As bitcoin vaulted past $100,000, long-inactive wallets abruptly awakened, their enigmatic microtransactions igniting theories about whether elusive stakeholders are conducting trial runs or camouflaging grander financial maneuvers. Dust-Sized Bitcoin Transfers Sometimes Precede Covert Wealth Transfers Blockchain data from the past few months exposes a curious reanimation of idle coins, coinciding with bitcoin’s breach of theSource link

Crypto accounting platform Cryptio has raised $15 million in an extension to its Series A funding round from June 2022. Existing investor Alven led the round and featured participation from new backers 1kx and Ledger Cathay Capital, Cryptio told CoinDesk via email on Wednesday. The $15 million raised takes the total for the Series A round to $25 million.Cryptio's aim is to provide traditional financial (TradFi) entities with back-office operations and infrastructure that allow them to offer digital asset products such as stablecoins, crypto-backed loans and crypto savings.Many observers are expecting the number of banks offering crypto services to increase following the repeal of the U.S. Securities and Exchange Commision (SEC)'s controversial SAB 121 accounting rule.SAB121 decreed that a company...

The case "raises larger civil liberties concerns that could chill the future development of privacy-enhancing technologies," the EFF wrote.Source link