Latest from Will Canny
Classifying Crypto Tokens as Securities Will Hamper Some Blockchains’ Decentralization Efforts, Bernstein Says
The core issue is whether countries should use securities law framed decades ago to categorize crypto tokens, without realizing the efforts of blockchain networks’ to transform existing financial systems, the report said.
SEC Crypto Crackdown Adds Urgency for U.S. Lawmakers to Produce Regulatory Framework This Year: JPMorgan
Without a more solid legal framework, cryptocurrency activity will probably continue moving outside the U.S. and into decentralized entities, the report said.
Coinbase Shares Are 'Uninvestable' in the Near Term: Berenberg
The investment bank cut its price target on the stock to $39 from $55.
Crypto Tokens' Status as Securities or Commodities Is Key to SEC's Binance, Coinbase Suits: Bernstein
Regulation of the industry has become a political debate and a turf battle between the SEC and CFTC, the report said.
Bitcoin Saw Heavy Profit Taking in May: Goldman Sachs
The amount of bitcoin held on exchanges fell 12%, while ether supply saw a slight gain, the report said.
Bitcoin Retail Demand to Remain Strong Ahead of Halving Event: JPMorgan
The event will double the bitcoin production cost to around $40,000, creating a positive psychological effect, the report said.
Bitcoin Miners Are Probably Selling Their Output at the $28K Level: Matrixport
Miners are being forced to liquidate any new bitcoin mined as margins have narrowed in recent weeks, the report said.
Olive-Oil Producer Issues First Euro-Stablecoin-Denominated Bond on Obligate’s DeFi Platform
The debt sale was the first of its kind for the French sustainable agriculture business.
Crypto Trading Platform Bitget to Offer Off-Exchange Settlement With Copper’s ClearLoop
Digital assets safely held within Copper’s infrastructure can be simultaneously delegated to trade on Bitget.
MicroStrategy Shares Offer Better Exposure to Crypto Than Coinbase: Berenberg
Macro drivers of demand for bitcoin are bullish for MicroStrategy shares, the report said.
