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Coinbase (COIN) Will Be Surveillance Partner for Fidelity, Other Bitcoin ETFs, Refiled Applications Say

Coinbase (COIN) Will Be Surveillance Partner for Fidelity, Other Bitcoin ETFs, Refiled Applications Say
coindesk.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coindesk.com Daily Mail and Mail on Sunday newspapers.

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Bitcoin Tumbles, a Stablecoin Plunges in Wild Week in Crypto

Bitcoin Tumbles, a Stablecoin Plunges in Wild Week in Crypto
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Bitcoin plunges: A bust or a buy? | Money


Thursday, 20 May 2021 07:23 AM MYT
Bitcoin has dropped some 40 per cent from a record high of US$64,895 hit on April 14. Reuters pic
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NEW YORK, May 20 ― Cryptocurrencies that seemed to be defying gravity just weeks ago came back down to earth with a bump yesterday after a roller-coaster ride which could undermine their potential as mainstream investments.
The two main digital currencies, bitcoin and ether, fell as much as 30 per cent and 45 per cent respectively, but significantly pared losses after two of their biggest backers ― Tesla Inc chief Elon Musk and Ark Invest s Chief Executive Cathie Wood ― indicated their support for bitcoin. ....

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US stocks drop after Fed minutes, crypto fall | Money


Thursday, 20 May 2021 07:27 AM MYT
The Dow Jones Industrial Average fell 164.62 points, or 0.48 per cent, to 33,896.04, the S&P 500 lost 12.15 points, or 0.29 per cent, to 4,115.68 and the Nasdaq Composite dropped 3.90 points, or 0.03 per cent, to 13,299.74. Reuters file pic
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NEW YORK, May 20 ― Wall Street s main indexes closed lower yesterday after minutes from an April Federal Reserve meeting showed participants agreed the US economy remained far from the central bank s goals, with some considering discussions on tapering its bond buying program.
The S&P 500 added to losses after the release of the minutes revealed a number of Fed policymakers thought that if the economy continued rapid progress, it would become appropriate “at some point” in upcoming meetings to begin discussing a tapering of the Fed s monthly purchases of government bonds, a policy designed to keep long-te ....

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