Latest News and Updates Crypto (2024)

12/07/2021

China’s persistent crackdown on bitcoin mining took a heavy toll on the global crypto market with prices of the digital currency falling 6% and spot volumes slumping 42.7% in June.

As prices keep dropping and volatility remains relatively low, spot trading volumes in the cryptocurrency space decreased by an immense 42.7% in June, while total derivative volumes dropped 40.7%, according to data provider CryptoCompare.

Read more at:
https://www.livemint.com/market/cryptocurrency/spot-trading-volume-for-crypto-tanks-43-on-china-mining-ban-11625907057076.html

As prices keep dropping and volatility remains relatively low, spot trading volumes in the cryptocurrency space decreased by an immense 42.7% in June, while total derivative volumes dropped 40.7%

12/07/2021

Cryptocurrency prices were trading lower today with Bitcoin declining over 3% to $33,275.4, data by CoinDesk showed. Ether, the coin linked to the ethereum blockchain network, was down 3% to $$2,262. Dogecoin also slipped as it was trading around $22, down 5%. Other virtual tokens like XRP, Litecoin, Cardano, Uniswap also fell more than 2% over the last 24 hours.

EU documents showed on Wednesday showed that the European Union will propose a new authority to crack down on money laundering and new transparency requirements for transfers of crypto-assets, as reported by Reuters.

Read more at:
https://www.livemint.com/market/cryptocurrency/crypto-prices-today-bitcoin-below-34-000-ether-dogecoin-also-fall-11625712975159.html

Other virtual tokens like XRP, Litecoin, Cardano, Uniswap also fell more than 2% over the last 24 hours

12/07/2021

The Federal Reserve singled out a surge in crypto asset prices for the first time in its overall assessment of the stability of the financial system, saying the rise reflected increased risk-taking by investors.

The brief comment, contained in the Fed’s semi-annual Monetary Policy Report to Congress released on Friday, is the latest sign that policy makers are paying more attention to what used to be a tiny sliver of the financial system.

Read more at:
https://www.bloomberg.com/news/articles/2021-07-09/fed-flags-crypto-assets-for-first-time-in-financial-risk-review

The Federal Reserve singled out a surge in crypto asset prices for the first time in its overall assessment of the stability of the financial system, saying the rise reflected increased risk-taking by investors.

12/07/2021

If you’ve heard of any cryptocurrency exchange, it’s probably Coinbase. Bitcoin early adopters have been buying and trading coins on Coinbase since 2012, but the platform gained mainstream attention in 2021 when it became the first crypto exchange to go public on the Nasdaq.

Today, more than 56 million users are trading over $300 billion worth of cryptocurrency on Coinbase each quarter. It has the third-highest trade volume of all exchanges, according to crypto data firm CoinMarketCap.

Read more at:
https://time.com/nextadvisor/investing/cryptocurrency/coinbase-review/

Coinbase is one of the oldest and most popular cryptocurrency exchanges. Here’s what you need to know before buying crypto on Coinbase.

11/07/2021

A 101.38-carat diamond was sold at Sotheby’s for HK$95.1 million ($12.3 million) in cryptocurrency, becoming the most expensive piece of jewelry sold through such type of payment, the auction house said.

The pear-shaped diamond, named “The Key 10138,” was sold to an unidentified private collector on Friday, Sotheby’s said in a statement. The gem from Diacore was the second-largest pear-shaped diamond ever to be sold publicly, it said.

Read more at:
https://www.bloomberg.com/news/articles/2021-07-09/no-takers-from-crypto-crowd-for-massive-diamond

A 101.38-carat diamond was sold at Sotheby’s for HK$95.1 million ($12.3 million) in cryptocurrency, becoming the most expensive piece of jewelry sold through such type of payment, the auction house said.

10/07/2021

One could hardly accuse Bitcloud’s developers of lacking ambition. The small team wants to decentralise the Internet, and possibly even replace much of the Internet infrastructure we use today.

It’s quite a goal, and to make it all come together the founders will need quite a few backers, but the concept is rather interesting to say the least. Instead of using processing power to move around digital currencies, Bitcloud wants to use a very similar method to provide Internet services.

Instead of mining cryptocoins, Bitcloud miners (if you can call them that) would allocate their hardware resources to other uses: providing storage, computing or routing. They would be rewarded for their efforts, depending on how much bandwidth or storage they contribute.

Read more at:
https://www.coindesk.com/bitcloud-decentralise-revolutionise-internet

The Bitcloud team want to decentralise the Internet and possibly replace much of the infrastructure we use today.

10/07/2021

Visa said its customers spent more than $1 billion (roughly Rs. 7,480 crores) on its crypto-linked cards in the first half of this year, as the payments processor takes steps to make crypto transactions smoother.

The company said it was partnering with 50 cryptocurrency platforms to make it easier for customers to convert and spend digital currencies at 70 million merchants worldwide.

The move is in line with Visa's broader acceptance of digital currencies. In March, the company announced it will allow the use of the USD Coin to settle transactions on its payment network.

Read more at:
https://gadgets.ndtv.com/cryptocurrency/news/cryptocurrency-visa-crypto-linked-cards-spending-usd-1-billion-first-half-h1-2021-2481858

Visa said it was partnering with 50 cryptocurrency platforms to make it easier for customers to convert and spend digital currencies.

10/07/2021

BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep.

Bitcoin update

BTC made another attempt at moving upwards on July 8 but created another long upper wick. It has fallen slightly since, so far reaching a low of $32,530.

It has been trading relatively close to this level since June 21.

Technical indicators are undecided. The RSI is at the 50-line and the Stochastic oscillator is undecided between making a bullish or bearish cross. Similarly, the MACD has lost its strength but is still positive.

BTC is still trading inside the same range between $31,300 and $40,550. The latter target is the 0.382 Fib retracement resistance level.

Read more at:
https://finance.yahoo.com/news/changed-crypto-markets-while-were-084354367.html

BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep.

10/07/2021

Some channel names on encrypted messaging service Telegram were more subtle than others—“Fraud Market” and “Fraud University” being among the most brazen.

Read more at:
https://fortune.com/2021/07/07/telegram-crypto-fraud-tips-wallets/

There has been a surge in discussions on encrypted messaging apps about bypassing ID checks, a key step in stealing cryptocurrencies or money laundering.

09/07/2021

China’s central bank said Tuesday it had called for the shutdown of a company that “was suspected of providing software services for virtual currency transactions.”

The statement, issued by the Beijing office of the People’s Bank of China, also warned institutions not to provide other services related to virtual currency, including providing business premises or marketing.

Lashing out against digital currencies is nothing new for the authoritarian state.

Read more at:
https://www.cnbc.com/2021/07/06/china-cracks-down-on-crypto-related-services-in-ongoing-war-on-bitcoin.html

China shut down a company suspected of providing software services for crypto transactions, and issued a stern warning about providing other sorts of services.

09/07/2021

Dogecoin, the tongue-in-cheek cryptocurrency that's been adopted as a pet project by Tesla billionaire Elon Musk, has suddenly crashed—losing 10% of its value in the last 24 hours.

The dogecoin price is down almost 20% over the last week, dropping after YouTuber and dogecoin investor Matt Wallace announced he was buying a new Tiger King-branded cryptocurrency.

Read more at:
https://www.forbes.com/sites/billybambrough/2021/07/08/dogecoin-suddenly-crashes-after-major-investor-backs-a-radical-new-crypto-coin-sending-its-price-1000-higher/

The dogecoin price is down almost 20% over the last week, dropping after YouTuber and dogecoin investor Matt Wallace announced he was buying a new Tiger King-branded cryptocurrency...

09/07/2021

Global cryptocurrency groups are expanding their presence in Singapore, drawn by the city-state’s friendly regulatory environment as other markets crack down on the industry.

Among the executives to move to the Asian financial hub are Changpeng Zhao, founder of Binance, a crypto exchange that processes trillions of dollars in trades per year. Gemini, a US exchange founded by the Winklevoss twins, is also boosting its headcount in Singapore.

The city has yet to issue licences to cryptocurrency companies, but it has granted exemptions to some of the industry’s biggest players, allowing them to serve local retail and institutional investors.

Read more at:
https://www.ft.com/content/f74d4e60-93b5-46ef-8b3f-71754cbc8a26

Binance founder among those moving to city-state as it rolls out red carpet for industry

09/07/2021

Price performance of the cryptocurrencies may have been lackluster over the past month, but some of the industry developments have lifted animal spirits, and optimism may be gradually returning to the crypto market after May's crash from all-time highs, said a report.

According to Kraken Intelligence, El Salvador made headlines worldwide after it adopted bitcoin as an official national currency, parachain auctions launched on Kusama, and the non-fungible token (NFT) sector, which has been lagging, bounced back with strong fundraising rounds.

Read more at:
https://www.livemint.com/market/cryptocurrency/optimism-gradually-returning-to-crypto-market-after-50-crash-since-may-report-11625664936615.html

According to Kraken Intelligence, El Salvador made headlines worldwide after it adopted bitcoin as an official national currency, parachain auctions launched on Kusama, and the non-fungible token (NFT) sector

08/07/2021

German funds aimed at institutional investors can now allocate up to a fifth of their assets to cryptocurrencies, but managers are expected to take a cautious approach as they weigh the risks of placing client money in the ultra-volatile asset class.

The new rules, which were enacted at the start of July, come as Germany’s financial watchdog BaFin attempts to balance its concerns about what it has described as the “highly risky and speculative” nature of cryptocurrencies with its desire to encourage the development of new technologies that could have a significant effect on financial services.

Read more at:
https://www.ft.com/content/c523fa52-25da-4d7e-8378-cc58bd1e6c89

Big investors are expected to move ‘cautiously’ given risks surrounding the asset class

08/07/2021

Nigeria’s regulators tried to crack down on cryptocurrency. Now, a few months later, it’s clear their efforts haven’t worked. The nation is a prime example of how people will turn to crypto to cope with a struggling economy despite the prohibitive stance of the state.

In February, the Central Bank of Nigeria ordered banks to “identify persons and/or entities” who were conducting transactions in crypto or running crypto exchanges and “ensure that such accounts are closed immediately.” But that ban didn’t stamp out bitcoin in Nigeria. Rather, the crypto community turned to peer-to-peer trades, or sending payments directly to each other.

Read more at:
https://www.coindesk.com/crypto-booming-in-nigeria-despite-banking-ban

Crypto communities world-wide have found ways around government bans, and Nigeria is no exception.

08/07/2021

With the pandemic creating public and business uncertainty around the globe into its second year, it stands to reason that unsteady sentiment shows itself as volatility in the marketplace. Keeping a close eye on your investments or potential investments is crucial to the success of your portfolio. That holds true for any asset, including cryptocurrencies, which have increased in popularity as quarantined individuals dip their toes in the market.

But how do you choose investments and decide how long to hold them when the marketplace is unpredictable? One of the keys to managing your holdings lies in your ability to diversify effectively.

Read more at:
https://finance.yahoo.com/news/crypto-long-term-asset-why-115639614.html

Image by Bermix Studio on Unsplash With the pandemic creating public and business uncertainty around the globe into its second year, it stands to reason that unsteady sentiment shows itself as volatility in the marketplace. Keeping a close eye on your investments or potential investments is crucial....

08/07/2021

Bitcoin and cryptocurrency prices struggled to find direction in June after moving sharply lower through April and May.

The bitcoin price, down almost 50% from its peak of around $65,000 per bitcoin set in April, has managed to hold above the closely-watched $30,000 level—but has failed to make convincing gains.

Now, with around $1.5 billion worth of shares in the Grayscale Bitcoin Trust (GBTC) hitting the market on July 18—something JPMorgan named as a downside risk for the bitcoin price—researchers at U.S. crypto exchange Kraken have predicted the looming Grayscale unlock could be "positive for the bitcoin price."

Read more at:
https://www.forbes.com/sites/billybambrough/2021/07/06/bitcoin-suddenly-braced-for-a-15-billion-july-surprise-after-huge-crypto-sell-off-tanked-the-price/

With around $1.5 billion worth of shares in the Grayscale Bitcoin Trust (GBTC) hitting the market on July 18, researchers at crypto exchange Kraken have predicted the looming Grayscale unlock could be "positive for the bitcoin price"...

07/07/2021

Cryptocurrency is often described as “digital money.” This description may be true, but it fails to capture what makes cryptocurrency unique and so appealing to many investors.

What is cryptocurrency?

At its core, cryptocurrency is a system of value. When investors buy a cryptocurrency, they are betting that the value of that asset will increase in the future, just as stock market investors buy securities when they believe the company will grow and share prices will increase.

Read more at:
https://www.nasdaq.com/articles/news-and-insights/what-is-cryptocurrency-and-how-it-works

Cryptocurrency is often described as “digital money.” This description may be true, but it fails to capture what makes cryptocurrency unique and so appealing to many investors.

07/07/2021

Here’s the theory: Instead of linking carbon and biodiversity credits to the sale of raw materials such as forests, which cause CO2, what if you linked them to crypto tokens, and thus kept these CO2-producing materials in the ground?

That’s the theory behind Single.Earth, which has now raised a $7.9 million seed funding round led by Swedish VC EQT Ventures to, in its own words, ‘tokenize nature’. Also participating in the round was existing investor Icebreaker, and Ragnar Sass and Martin Henk, founders of Pipedrive. The funding will be used to launch its marketplace for nature-backed MERIT tokens.

Single.Earth says its ‘nature-backed’ financial system will use using MERIT tokens. Given the market for carbon credits is estimated to be worth more than $50 billion by 2030 and crypto surpassed a $2 trillion market cap in 2021, their plan might just work.

Read more at:
https://techcrunch.com/2021/07/06/single-earth-to-link-carbon-credits-to-crypto-token-market-raises-7-9m-from-eqt-ventures/

Here’s the theory: Instead of linking carbon and biodiversity credits to the sale of raw materials such as forests, which cause CO2, what if you linked them to crypto tokens, and thus kept these CO2-producing materials in the ground? That’s the theory behind Single.Earth, which has now raised a ...

07/07/2021

Hedge fund firm Marshall Wace is plotting investments in the digital asset sector, say people familiar with its plans, as booming interest in cryptocurrencies and related technologies lures large asset managers.

The London-based group, which manages $55bn in assets, will target investments in areas such as blockchain technology, payments systems for digital currencies and stablecoins, according to one of the people. The group is launching a portfolio that will scoop up stakes in privately owned digital finance companies that are at a late stage in their development, the person said.

Read more at:
https://www.ft.com/content/30bc58f8-c8b7-4e9f-a01c-bb3732ea5152

London hedge fund plans to scoop up stakes in privately held digital asset companies

07/07/2021

Grayscale Investments is the largest cryptocurrency asset management company in the world. And, its chief executive (CEO), Michael Sonnenschein, believes that it’s too late to put the proverbial crypto ‘genie’ back in the bottle.
“Crypto is kind of analogous to… The genie is out of the bottle, right,” he told Business Insider during a Twitter Live.

Read more at:
https://www.businessinsider.in/cryptocurrency/news/ceo-of-the-worlds-largest-cryptocurrency-said-that-financial-assets-like-cryptocurrencies-only-come-along-once-in-a-generation/articleshow/84164488.cms

Grayscale Investments CEO Micahel Sonnenschein said that financial assets like cryptocurrencies only come along once in a generation. Now that the ‘genie’

07/07/2021

China and India aren’t the only Asian countries wrestling with the fate of cryptocurrencies in their country. Smaller players like the Philippines and Vietnam are stepping into the arena as well as the popularity of digital tokens continues to rise.
According to the Philippines Stock Exchange (PSE), cryptocurrencies are an asset class that they cannot afford to ignore anymore. And, they believe bringing the crypto framework to the existing exchange would be safer than people trading on foreign exchanges.

Read more at:
https://www.businessinsider.in/cryptocurrency/news/philippines-and-vietnam-are-considering-crypto-friendly-regulations/articleshow/84141407.cms

The national stock exchange of the Philippines wants to bring crypto assets under its purview, while Vietnam’s central bank has been asked to implement a pilot

07/07/2021

After raising US$ 200 million from Softbank Latin America Fund, Brazilian cryptocurrency exchange Mercado Bitcoin became the country's latest unicorn, the name given to technology companies worth more than US$ 1 billion.

With a US$ 2.1 billion valuation, the company is also the first crypto unicorn in Brazil. With the transaction, announced on Thursday (1), 2TM Group, the holding controlling Mercado Bitcoin, became the eighth most valuable unicorn in Latin America, the company noted, based on Crunchbase data.

Read more at:
https://www.forbes.com/sites/angelicamarideoliveira/2021/07/05/mercado-bitcoin-becomes-brazils-first-crypto-unicorn-with-softbank-round/

After raising US$ 200 million from Softbank Latin America Fund, the exchange will invest in infrastructure to meet the demand for crypto assets.

06/07/2021

Cryptocurrency prices were mixed today as Bitcoin was trading nearly 2% lower at $33,930 while ether, the coin linked to the ethereum blockchain network, was also down over 1% to $2,234, data by CoinDesk showed. Similarly, Dogecoin also plunged to $0.23, down 4%. XRP, Litecoin also declined over the last 24 hours.

However, other virtual tokens like Cardano was trading with slight gains as it was up at $1.42 whereas Uniswap surged 4% to $21.2. Uniswap volume grew more than 50% in the last 24 hours. However, it is still far away from its peak in May.

Read more at:
https://www.livemint.com/market/cryptocurrency/crypto-prices-today-bitcoin-ether-dogecoin-dip-while-cardano-uniswap-gain-11625539926065.html

Bitcoin has lost almost 50% from its mid-April high

06/07/2021

Four days ago, the crypto community and mainstream audiences caught a whiff of a new meme-based crypto asset called baby doge. The coin got a lot more attention when Tesla’s Elon Musk tweeted about baby doge and almost immediately after the tweet, the asset’s value skyrocketed. Musk hasn’t said anything about baby doge since then, but the crypto asset has continued to climb higher in value.

Read more at:
https://news.bitcoin.com/248-weekly-gains-baby-doge-coin-continues-to-rally-while-most-crypto-asset-markets-slump/

Elon Musk hasn't said anything about baby doge since then, but the crypto asset has continued to climb higher in value.

06/07/2021

China’s ban on block reward mining is taking its toll on the digital currency markets. Over 50% of the hash rate that supports digital currency networks comes from China, and the abrupt government crackdown on mining has caused hash rate to leave digital currency networks in exodus.

Although the drop in hash rate will have a negative consequence on the digital currency markets in the short term, there are a few positive externalities that will come out of this event.

In this article, we will provide a brief summary of the mining ban taking place in China, and then we will take a look at the negative and positive outcomes created by the ban.

Read more at:
https://coingeek.com/plummeting-hash-rate-the-good-and-bad-news/

Although the drop in hash rate will have a negative consequence on the digital currency markets in the short term, there are a few positive externalities that will come out of China’s ban on Bitcoin mining.

06/07/2021

Metro Manila (CNN Philippines, July 2) – The Philippine Stock Exchange (PSE) wants to be front and center when regulators give the go signal for the trading of cryptocurrencies.

The local bourse should be the exchange platform for crypto assets, PSE president and CEO Ramon Monzon said Friday. The idea was broached during a top management meeting two weeks ago, he added.

"If there should be any exchange for cryptos, it should be done at the PSE. Why? Number one, it's because we have the trading infrastructure. But more important, we'll be able to have investor protection safeguards especially with a product like crypto," Monzon said.

Cryptocurrencies like Bitcoin and ether are digital assets, but very few crypto trading platforms are listed, like Wall Street's Coinbase.

Read more at:
https://cnnphilippines.com/business/2021/7/2/PH-plans-cryptocurrency-exchange.html

The Philippine Stock Exchange wants to be front and center when regulators give the go signal for the trading of cryptocurrencies.

05/07/2021

Coinbase CEO and co-Founder Brian Armstrong has said the company is expanding its team in India. In a tweet late on July 2, Armstrong said: "Coinbase is building out an office in India! Amazing team already in place - come join us."

At the time of writing this, Armstrong's post had nearly 5,000 likes and close to 1,000 retweets, besides over 300 comments. Response on the site was largely positive, with comments ranging from "nice!", "Welcome to India" and "excited!", while others also asked for Coinbase to enter their regions such as Malaysia and Africa.

Read more at:
https://www.moneycontrol.com/news/business/coinbase-building-an-office-in-india-says-ceo-brian-armstrong-makes-open-calls-for-jobs-7120641.html

Coinbase announced job openings in the engineering team, product and design teams, and support function teams such as recruiting and HR to “build out a sustainable, well-rounded tech hub”.

05/07/2021

The cryptocurrency market is in the green on July 4 (today). Its global market cap is $1.42 trillion, a 2.06 percent increase over the last day. The total crypto market volume over the last 24 hours is $60.59 billion, which makes a 6.59 prevent decrease.

The volume of all stable coins is now $47.02 billion, which is 77.61 percent of the total cryptocurrency market's 24-hour volume. Bitcoin's price is currently $34,505.41 and its dominance is 45.50 percent, an increase of 0.18 percent over the day.

Read more at:
https://www.moneycontrol.com/news/business/cryptocurrency/cryptocurrency-prices-today-on-july-4-bitcoin-up-ethereum-sees-biggest-jump-at-2-35-7121171.html

Bitcoin's price is currently $34,505.41 and its dominance is 45.50 percent, an increase of 0.18 percent over the day.

05/07/2021

Kraken, CoinEgg, Gemini, Binance — we’re not talking about mythical creatures or the Internet’s latest buzzword. These are all cryptocurrency exchanges — digital marketplaces where you can buy and trade crypto.

You can’t just buy crypto from your bank or investing firm. Once you’ve decided you want to buy some Bitcoin, Ethereum, or another cryptocurrency, you’ll need to create an account on a crypto trading platform to exchange your U.S. dollars (or other currency) for digital assets.

Read more at:
https://time.com/nextadvisor/investing/cryptocurrency/what-are-cryptocurrency-exchanges/

Here's how to choose a cryptocurrency exchange to keep your coins secure and accomplish your trading goals.

05/07/2021

Bitcoin (BTC) has been on a volatile price spree over the last few days. The asset has been fluctuating between $28,000 - $35,000, and currently trades at $33,736 levels. Since yesterday, the asset has been showing some strength, but given the volatility, we ought to remain cautious. Over the past 24 hours, the asset is up by approximately 2.79%.

Read more at:
https://economictimes.indiatimes.com/markets/cryptocurrency/crypto-week-at-a-glance-bitcoin-continues-to-remain-volatile/articleshow/84110474.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Bitcoin post making the low of $28,800 showed subtle signs of recovery and rallied almost 23.5% up to $35,500. The asset faced resistance and yet again witnessed sell-off over the last weekend. However, it did not test the recent lows and reversed from $30,173. Technically, the asset started to move...

04/07/2021

AT THIS VERY moment, a ransomware assault is hitting hundreds of businesses across the US. The incident appears to be the result of a so-called supply chain attack; hackers were able to push malware to victims through legitimate IT management software from a company called Kaseya. Making matters worse, REvil ransomware operators hit what's known as “managed service providers,” which provide IT infrastructure and support for companies who would rather outsource that sort of thing. When hackers compromise an MSP, it's usually quick work to infect their customers as well, making the scale of this campaign “monumental,” in the words of one cybersecurity professional.

Read more at:
https://www.wired.com/story/worldcoin-orb-doublevpn-printnightmare-microsoft-security-news/

A PrintNightmare exploit, a VPN takedown, and more of the week's top security news.

04/07/2021

Cryptocurrencies were trading with gains today after being almost flat on Friday. The world's largest cryptocurrency Bitcoin was trading well above the $34,000 mark as it was up around 5% to $34,700, CoinDesk data showed. Despite the recent crypto slide, Bitcoin is up around 19% this year (year-to-date).

Ether, the coin linked to the ethereum blockchain network, was trading 8% higher at $2,221. Dogecoin, on the other hand, was hovering near $25, up 3%. Other virtual tokens like Cardano also surged over 8% while XRP, Litecoin and others were also trading with decent gains over the past 24 hours.

Read more at:
https://www.livemint.com/market/cryptocurrency/bitcoin-trades-above-34-000-ether-cardano-up-over-8-check-latest-crypto-prices-today-11625315360120.html

Bitcoin, the world's largest cryptocurrency by market capitalisation, is up around 19% this year

04/07/2021

Federal Reserve Chair Jerome Powell, who is presiding over the central bank’s examination of digital currencies, met with the head of cryptocurrency exchange Coinbase Global Inc. on May 11 and crypto advocate Christopher Giancarlo a day later, the Fed chair’s monthly diary shows.

Powell’s in-person meeting with Coinbase Chief Executive Officer Brian Armstrong and former Speaker of the U.S. House of Representatives Paul Ryan lasted 30 minutes, his schedule in May shows. The meeting took place during a week of intense volatility for crypto currencies including Bitcoin, which fell steeply on that day.

Read more at:
https://www.bloomberg.com/news/articles/2021-07-02/powell-met-with-coinbase-chief-in-may-fed-chair-s-diary-shows

Federal Reserve Chair Jerome Powell, who is presiding over the central bank’s examination of digital currencies, met with the head of cryptocurrency exchange Coinbase Global Inc. on May 11 and crypto advocate Christopher Giancarlo a day later, the Fed chair’s monthly diary shows.

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