News

As crypto remains politicized in the U.S., across the pond, it’s bridging the gap.

The company reported better-than-expected second-quarter earnings on Thursday but saw a strong downtick in revenue from transaction fees, its main source of income.

The broker raised its year-end price target for the software company to $2,150 from $1,875.

The French regulator has in the past welcomed crypto companies to register with it.

The next U.S. administration will be "constructive" on crypto regardless of which party wins, Coinbase CEO Brian Armstrong said late on Thursday, underscoring the industry's growing political influence ahead of the November election. The highly volatile crypto sector is seen as a risky fringe industry and has drawn intense scrutiny from the U.S. Securities and Exchange Commission, which has accused it of flouting securities laws. The largest U.S. crypto exchange is fighting the SEC in court after the regulator sued Coinbase last year alleging it failed to register as an exchange.

Bitcoin layer-2 scaling networks—particularly “rollups”—have been the talk of the town in crypto developer circles as a new means to keep Bitcoin payments cheap, fast, and decentralized. But despite their vaunted promise, data and analysis from Galaxy Research suggest the vast majority of Bitcoin rollups will be unsustainable. “Rollups on Bitcoin that post data to the base layer will face a significant problem: the cost to post data,” wrote Galaxy analyst Gabe Parker in a report published Friday...

Recent declines in the price of Bitcoin could merely be the beginning of a more dramatic fall, a crypto research firm has predicted, attributing this potential downturn to a looming economic storm and a decoupling of the cryptocurrency from the broader stock market. The analysis, authored by Markus Thielen of 10x Research, noted that there were some recent positive signs when it came to the resilience of the crypto market, from institutional interest in spot Bitcoin ETFs to the price of BTC with...