Market Outlook

As one government official says the planned legislation would completely ban cryptocurrency use, another stresses that is not the case.

Alchemix said it sold the investors the protocol's native ALCX tokens at $700 per token.

A listing on Coinbase would unleash dogecoin to a whole new breed of investor.

Grayscale's competitive moat is shrinking as rival offerings attract investor money, amid speculation the SEC might be moving to approve a bitcoin ETF.

Others applying to offer a bitcoin ETF in the U.S. include NYDIG, Valkyrie and VanEck.

CEO Changpeng Zhao said the world's largest crypto exchange is happy with its status as a private company.

Up to 15% of the fund would be invested in bitcoin, solely through the Grayscale Bitcoin Trust.

Earlier today, the investment manager’s parent company, Digital Currency Group, said it authorized the purchase of GBTC shares.

“This work does require a context. It's not just the blockchain," Foundation's CEO said.

If approved, North America's third bitcoin ETF is planned for listing on Tuesday.

On Friday, Finance Minister Nirmala Sitharaman said the government is still formulating its opinion on cryptocurrencies.

The report, which was produced in February and obtained by CoinDesk on Friday, has been distributed to clients of JPMorgan Private Bank, which requires a minimum balance of $10 million to open an account.