Securities and Exchange Commission Chairman Gary Gensler today reaffirmed the SEC’s view that Bitcoin is a commodity but refrained from extending the label to any other cryptocurrencies in an interview with CNBC. Gensler singled out Bitcoin as an example of a crypto asset that should be regulated under the Commodity Futures Trading Commission (CFTC), as
Outflows for Bitcoin-specific funds totaled $453 million, wiping off all the inflows made over the past six months, according to a CoinShares report. The funds measured are investment products that give traditional investors exposure to crypto without having to also custody of said crypto themselves. When investors buy a crypto-based fund, it is called inflows
This week in coins. Illustration by Mitchell Preffer for Decrypt. Crypto markets have recovered a bit, following last week’s brutal crash that shaved off more than 30% of the value from leading coins Bitcoin and Ethereum, which dropped to levels not seen since 2020. Bitcoin is up more than 10% over the last seven days,
As crypto winter sets in, Web3 companies are finding themselves in the difficult position of cutting staff. During a company call earlier today, Vienna, Austria-based Bitpanda announced that it would be reducing its headcount from 1,000 employees to 730. “We are committed to Bitpanda’s mission, therefore we need to take decisive actions now,” the company
The Bitcoin network’s power consumption has fallen to 11 GW as of yesterday, down 27% from 15 GW in April, according to the Cambridge Bitcoin Electricity Consumption Index (CBECI). The index, which estimates the amount of power used by Bitcoin miners, is maintained by the Cambridge Centre for Alternative Finance (CCAF). The CCAF estimates prices
The Bitcoin network’s power consumption has fallen to 11 GW as of yesterday, down 27% from 15 GW in April, according to the Cambridge Bitcoin Electricity Consumption Index (CBECI). The index, which estimates the amount of power used by Bitcoin miners, is maintained by the Cambridge Centre for Alternative Finance (CCAF). The CCAF estimates prices
The Bitcoin network’s power consumption has fallen to 11 GW as of yesterday, down 27% from 15 GW in April, according to the Cambridge Bitcoin Electricity Consumption Index (CBECI). The index, which estimates the amount of power used by Bitcoin miners, is maintained by the Cambridge Centre for Alternative Finance (CCAF). The CCAF estimates prices
The Bitcoin network’s power consumption has fallen to 11 GW as of yesterday, down 27% from 15 GW in April, according to the Cambridge Bitcoin Electricity Consumption Index (CBECI). The index, which estimates the amount of power used by Bitcoin miners, is maintained by the Cambridge Centre for Alternative Finance (CCAF). The CCAF estimates prices
Retail investors will be able to trade crypto futures through Coinbase starting Monday, as the largest exchange in the U.S. by volume will offer them on its new Derivatives Exchange platform. The move comes after Coinbase acquired FairX in January as part of its goal of offering crypto futures and options trading to its customers.
The Federal Reserve is closely watching the crypto world—but isn’t worried, according to the central bank’s chairman. Fed Chief Jerome Powell said today at a Senate committee meeting that the bank saw no “macroeconomic implications” from Bitcoin and the wider crypto market’s volatile price swings, but that better regulation still was required. “I think the
and then 
