Markets Outlook

With BTC breaking above $14K and post-election impacts on crypto, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com and Nexo.io.Today's stories:Bitcoin Drops as Trump Threatens to Stop Vote Counting Bitcoin fell after President Trump alleged "fraud” in the presidential election and pledged to stop vote counting. Ethereum Fees Plummeted 65% in October Following DeFi Volumes Back to EarthMiners' income from processing transactions on the Ethereum blockchain more than halved in October as the mania for DeFi cooled.Here Are the 2020 Election Races Crypto Should WatchLawmakers who are important to the crypto industry are on the ballot this year. CoinDesk is tracking these races for Election 2020. Nearly $1B in Bitcoin Moves From Wallet Linked to Silk Road A wallet possibly belonging to early dark net market Silk Road moved almost $1 billion worth of bitcoin early on Wednesday.

With BTC pulling back from Saturday's high of $14K, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com and Nexo.io.Today's stories:Bitcoin Revisits $13.5K After Posting Best Month Since AprilAfter October's double-digit price gain, bitcoin may be looking at a short-term pullback.Square Funds Designer to Make Crypto Wallets Usable by AnyoneMaggie Valentine was awarded a grant to help make bitcoin wallets less complicated for non-crypto users.Suit Alleges BitMEX Chiefs 'Looted' More Than $440M From Exchange After Finding Out About ProbesThe suit seeks an order of attachment against the parent company of BitMEX.Cayman Islands Announces Legal Framework in Bid to Attract Crypto BusinessesThe Cayman Islands is building a regulatory framework for "virtual asset service providers" with some measures already enacted.

With the average BTC transaction fees above $11 and a Binance leak, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Nexo.io and Elliptic.Today's stories:Bitcoin Traders Can Now Bet on $40K Price With New Deribit Options Options at a $40,000 strike price expiring in March 2021 and June 2021 went live on Deribit early on FridayBitcoin Transaction Fees Rise to 28-Month High as Hashrate Drops Amid Price RallyThe cost of doing transactions on bitcoin is surging at a time the network is suffering its worst congestion in nearly three years.Iran Amends Law to Allow Imports to Be Funded With CryptocurrencyStrapped for international currencies, Iran is turning to cryptocurrency to allow imports to continue flowing.Leaked Docs Reveal How Binance Dealt With US Regulations: ReportCrypto trading colossus Binance created a corporate plan for profiting from the U.S. market while avoiding regulatory scrutiny, Forbes reported Thursday, citing a 2018 document it obtained.

As bitcoin’s chance at a new record high fades for 2020, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Nexo.io and Elliptic.Today's stories: Bitcoin's Options Market Sees Just 6% Chance of $20K Before Year's EndAt press time, bitcoin was seeing a 6% probability of bitcoin trading above the historical 2017 all-time high of $20,000 by the end of December.Avanti Financial Joins Kraken as a Wyoming-Approved Crypto BankBlockchain pioneer Caitlin Long is now the CEO of her own special purpose depository institution (SPDI) in Wyoming.Bank of Canada Governor Says Digital Dollar Project Moving Past Trial StageTiff Macklem said Canada's digital dollar initiative is progressing past the experimental phase and that the G7 needs to coordinate on digital currencies.Two Indicted in Latest Federal Prosecution of SIM-Swapping Crypto TheftOne alleged conspirator tried to SWAT the other after he "failed to share" the pair's stolen crypto.

In this episode of the “On Purpose” podcast, join host Tyrone Ross and Kevin Kelly, co-founder of Delphi Digital, as they dig into our current global macro environment for a look at how and why it's driving interest in bitcoin for financial advisors and their clients.A word from Tyrone:Welcome back to the “On Purpose” podcast, I am your host Tyrone Ross, and in this episode you will hear my conversation with Kevin Kelly – all my quants and global-macro folks, get close! In this conversation we talk about why bitcoin can play a meaningful role in your portfolio as financial advisors start to engage clients in a low-rate environment where everyone is reaching for return and yield. Paul Tudor Jones recently called bitcoin “the fastest horse in the race” and Kevin breaks down why we’ve seen this massive run in bitcoin. He’ll give you all the reasons why we’ve seen the buildup from a global macro standpoint. It’s an incredible conversation, I can’t use “exogenous” in a sentence like he does but he really nailed it in this one. If you enjoy this program make sure you like, share and retweet. If you love it, we’ll see you on the next one. I appreciate you. - Tyrone RossAdvisors learn for free:The goal of Bitcoin for Advisors is to equip investment advisors with tools to better understand bitcoin, talk to their clients about bitcoin and to work bitcoin into their businesses. We’re working closely with professional advisors to build out a program that is timely, valuable and actionable for the financial advisor community, and presented in a manner that is targeted and relevant to their interests.Through a series of keynotes, panels and interactive roundtable sessions, we will discuss investment theses for bitcoin, why younger demographics are turning to this asset and how it fits into the current global macroeconomic picture. We will also walk through the practicalities: how to answer client questions about bitcoin, how to talk to your compliance department about bitcoin and how bitcoin can help grow your book. Advisors will walk away from this virtual event with a grasp of how bitcoin fits into the world and their businesses.

With BTC's rally looking overstretched and a new investor survey, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Nexo.io and Elliptic.Today's stories:Is Bitcoin's Rally Overstretched? This Key Indicator Says No Bitcoin has plenty of room to rally, according to a fundamental analysis indicator that flagged the price bottom in March.More Than Half of US Investors Interested in Bitcoin, Grayscale Survey FindsA survey from Grayscale Investments suggests interest in bitcoin is on the rise, with the coronavirus being a driver of new investors.MicroStrategy Is Looking to Buy More Bitcoin, President SaysBitcoin is boosting MicroStrategy's market visibility, say executives. Revenues rose 6.4% year-over-year and the company notched a net loss of $14.2 million for the quarter.Trump Campaign Website Hit by Hackers Touting Crypto Scam The U.S. president's campaign website was briefly compromised on Tuesday as hackers looked to fleece cryptocurrency from unsuspecting supporters in the final days before the 2020 election.

With BTC headed headed towards multi-year highs and a crypto launch from mainstream financial firm JP Morgan, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Nexo.io and Elliptic.Today's stories:Bitcoin Hits 15-Month High Despite Sell-Off in Global StocksBitcoin's (BTC) price has climbed to 15-month highs even as coronavirus-induced instability rocks the stock markets.Harvest Finance: $24M Attack Triggers $570M 'Bank Run' in Latest DeFi ExploitHarvest Finance has seen its total value locked drop by more than $500 million in the 12 hours since being hit by a flash loan attack.PayPal's Crypto Offering May Mean a Bigger Tax 'Headache'PayPal opening its network to cryptocurrencies could create a serious tax headache for users.JPMorgan's 'JPM Coin' Is Live, Execs SayA major tech firm is about to start using JPM Coin in global payments, as the investment bank doubles down on its blockchain business.

In this episode of the “On Purpose” Podcast, join host Tyrone Ross and Morgen Rochard, author, CFA, CFP of Origin Wealth Advisors as they dig into why bitcoin and only bitcoin is where financial advisors should focus their attention and limited time.A word from Tyrone:“Welcome to this episode of the On Purpose podcast, I’m your host Tyrone Ross and in this episode you’ll hear my conversation with Morgen Rochard, CFA, CFP who is, of course, a member of the CoinDesk FA (financial advisor) council. She’s also the better half of Pierre Rochard for those of you who follow the crypto space.  In this conversation you’ll hear us talk about bitcoin and bitcoin only. We’ll talk about why financial advisors should ONLY pay attention to bitcoin and nothing else. Morgen shares her approach to conversations with clients about bitcoin... She’ll also give you some ideas of where you (if you’re listening to this, Mr. or Ms. Advisor) can feel comfortable with your clients going out and getting access to bitcoin.  I hope you enjoy our discussion. Like it, retweet it, share it, put it in the family chat...  We’ll be back on Thursday with my good friend Kevin Kelly of Delphi Digital, but for today enjoy Morgen’s wisdom.  And until next time, I appreciate you!” - Tyrone RossWant to learn more?The goal of Bitcoin for Advisors is to equip investment advisors with tools to better understand bitcoin, talk to their clients about bitcoin and to work bitcoin into their businesses. We’re working closely with professional advisors to build out a program that is timely, valuable and actionable for the financial advisor community, and presented in a manner that is targeted and relevant to their interests.Through a series of keynotes, panels and interactive roundtable sessions, we will discuss investment theses for bitcoin, why younger demographics are turning to this asset and how it fits into the current global macroeconomic picture. We will also walk through the practicalities: how to answer client questions about bitcoin, how to talk to your compliance department about bitcoin and how bitcoin can help grow your book. Advisors will walk away from this virtual event with a grasp of how bitcoin fits into the world and their businesses.

With BTC finally above $13K and at least some clarity from the IRS on crypto tax reporting, CoinDesk’s Markets Daily is back for your latest crypto news roundup!This episode is sponsored by Crypto.com, Nexo.io and Elliptic.Today's stories:Number of Bitcoin 'Whale' Addresses at Highest Since Fall 2016The number of investors with over 1,000 bitcoin has peaked to four-year highs amid the recent price rally. Bitcoin's Rivalry With Gold Plus Millennial Interest Gives It 'Considerable' Upside Potential: JPMorganA Friday note outlines institutional, corporate, and Millennial interest in the leading cryptocurrency.Tax Payers Must Disclose Airdropped, Forked Cryptos, Says IRS' Draft 2020 GuidanceThe U.S. tax agency has clarified who needs to answer "yes" to a question over cryptocurrency activity included in the draft 1040 income tax form.Virgil Griffith's Attorney Files Motion to Dismiss Sanctions ChargesThe motion, filed by Brian Klein, claims the indictment of Griffith doesn't "specify any alleged overt facts," and contains no actual allegation of fact.

In this episode of the “On Purpose” Podcast, join Host Tyrone Ross and guests Adam Pokornicky of DAiM Bitcoin Wealth Management and Adam Blumberg, Co-founder of Interaxis as they discuss and dissect the unique advantages and challenges for advisors and their clients looking to include bitcoin in their investment strategies. A word from Tyrone:“…In this episode I’ll be talking with “The Adams” who are part of the FA council along with myself at CoinDesk and we will be discussing Bitcoin in retirement accounts, IRAs, the whole thing. Everything about it that financial advisors don’t understand and need to know if this is truly going to be a viable asset that’s going to be a part of client portfolios.  I think you’ll find the conversation engaging and fruitful. Listen, share, like, subscribe if you find it valuable. I will see you all on the next one, until then… live ‘On Purpose!’ I appreciate you.” - Tyrone RossWant to learn more?The goal of Bitcoin for Advisers is to equip investment advisors with tools to better understand bitcoin, talk to their clients about bitcoin and to work bitcoin into their business. We’re working closely with professional advisers to build out a program that is timely, valuable and actionable for the financial advisor community, and presented in a manner that is targeted and relevant to their interests.Through a series of keynotes, panels and interactive roundtable sessions, we will discuss investment theses for bitcoin, why younger demographics are turning to this asset and how it fits into the current global macroeconomic picture. We will also walk through the practicalities: how to answer client questions about bitcoin, how to talk to your compliance department about bitcoin and how bitcoin can help grow your book. Advisers will walk away from this virtual event with a grasp of how bitcoin fits into the world and their business.