Bitcoin Breaks $8,000, Extends Two-Week Winning Streak

Bitcoin climbed above $8,000, extending its longest winning streak since 2013 and giving fresh momentum to a cryptocurrency market that crashed only last year. Just hours after leaping 25% on Monday with no apparent explanation, the largest digital token added as much as 5.9% on Tuesday. That helped push the crypto universe’s total market value […]

The Ledger: Fin-Tech in Montauk, Binance Robbery Update, Go Away Fake Satoshi

It’s Blockchain Week in New York, and so this week’s newsletter is devoted to a special event–not the chaotic conference unfolding right now in midtown Manhattan, but a June gathering on the edge of the Atlantic ocean. It was almost two years ago when the three of us–Jeff, Jen, and Robert–first created The Ledger as […]

Stocks Are Tumbling, But Bitcoin Is Up 30% In One Week

While stocks are showing considerable volatility as the U.S. and China begin rattling their trade sabers again, cryptocurrencies are getting a second life with investors. The Dow Jones Industrial Average has oscillated up and down for the past five days, ultimately losing roughly 1,000 points. On Monday, as China announced plans to raise tariffs on […]

Bitcoin Comes to Whole Foods, Major Retailers in Coup for Digital Currency

Since its arrival ten years ago, cryptocurrency has struggled to enter mainstream commerce. This could soon change thanks to a new initiative, announced on Monday, that will reportedly see big name retailers–including Crate and Barrel, Nordstrom, and Amazon-owned Whole Foods–now accept Bitcoin and three other types of digital money. The retail initiative comes via a […]

The Ledger: Stripe’s Post-GDPR Plan, Facebook’s Crypto, Berkshire Hathaway’s Bitcoin Dis

A year ago, the European Union adopted the General Data Protection Regulation, or GDPR, a piece of legislation designed to force companies to protect people’s data. In just a few months, another data-related EU law is coming into effect: the second “payment services directive“, or PSD2. The new law, which becomes mandatory on September 14, […]

Will Gold Investors Buy Bitcoin? A ‘Drop Gold’ TV Campaign Bets They Will

Is it better to hoard gold or Bitcoin? The cryptocurrency company Grayscale is making the case for Bitcoin with an unprecedented multi-million dollar marketing campaign that includes a year of national TV commercials. The campaign, which is called “Drop Gold” and kicked off on Wednesday, features a 39-second commercial that shows a man and woman […]

The Ledger: Bitfinex’s Tether Trouble, Bitcoin Crime, Bakkt Buys a Custodian

Even before the New York Attorney General revealed a bombshell lawsuit last week against Bitfinex and Tether, you probably had some concerns. Suspicion has swirled around Bitfinex and Tether, which share the same owners and management, since at least early 2018, most of it focused on whether Tether, a stablecoin backed by the U.S. dollar, […]

NYSE Owner Buys Crypto Custodian in Latest Push to Offer Bitcoin

Intercontinental Exchange (ICE), which owns the New York Stock Exchange, made a splash last August with big plans to get into the Bitcoin business. Those ambitions, however, have been stymied by regulatory delays, leading ICE on Monday to announce a series of measures to jumpstart its efforts. Most notably, ICE announced the acquisition of a […]