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Exchanges, companies and the money behind crypto.

Latest story 5 hours ago

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Business

World Liberty’s stablecoin is about to issue itself, and that’s the change worth reading

A conditional trust charter would let World Liberty Financial take over issuing USD1 from BitGo. A trust charter is not a normal bank licence, and "conditional" is doing a lot of work in that sentence.

Decrypt, CryptoSlate and The Block 3 months ago · 5 min read
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Business

Robinhood’s UK app now puts crypto next to your ISA. Only one of them is protected

Robinhood has switched on crypto trading inside its main UK app, using Bitstamp for the trading and custody. It sits on the same screen as stocks and ISAs — with very different protections behind it.

The Block 3 months ago · 5 min read
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Business

Israel’s biggest bank wants to sell you crypto. Read the custody terms first.

Israel's largest lender is preparing to offer bitcoin, ether and solana trading in its own app, with Galaxy providing the plumbing. Convenient, yes. But the coins sit with a custodian, and bank deposit protection doesn't stretch to cover them.

The Block, with data from Chainalysis 3 months ago · 5 min read
Detailed view of a stock market screen showing numbers and data, symbolizing financial trading.
Business

The funds that never chose bitcoin may be forced to sell Strategy

MSCI is consulting on kicking "non-operating companies" out of its main equity indexes, and Strategy and Metaplanet both land on the deletion list. Index funds don't get to have an opinion about that.

CoinDesk and CryptoSlate 3 months ago · 6 min read
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Business

Tether says the Big Four have finally checked its books. Here’s what that does and doesn’t prove

Tether says KPMG U.S. has been through the assets behind its $180bn USDT stablecoin, and even counted the gold bars. An audit answers one question well and leaves several others open. Here's which is which.

CoinDesk and The Block 3 months ago · 8 min read
Stacks of US dollar bills scattered across a desk with a money counter and calculator.
Business

Strategy sold bitcoin to defend a share price, not to cash out

Strategy shifted 1,690 bitcoin into a $108.6m buyback of its own preferred shares. The amount is trivial next to its 840,447 coins — what the money was spent on is the part worth reading.

Cointelegraph, CryptoSlate and CoinDesk 3 months ago · 7 min read