Investors may be better off owning bitcoin directly versus shares of Coinbase Global Inc. (COIN) in order to avoid headwinds including growing competition and the ongoing “commoditization of cryptocurrency exchanges,” Mizuho Securities USA told clients in a note Thursday. Mizuho has a neutral recommendation on Coinbase shares and a $300 price target. Coinbase was recently […]

Muslims are forbidden from using crypto, Indonesia’s council of religious leaders has declared, Bloomberg reported on Thursday. Crypto is forbidden due to the elements of uncertainty and wagering, Indonesia’s authority on Shariah compliance, the National Ulema Council (MUI), announced following a hearing. Asrorun Niam Soleh, head of religious decrees, added that a crypto could be […]

A recent study on the state of the non-fungible token (NFT) art market points to some of the lasting gender disparities in the world of cryptocurrency, and suggests the industry still has a long way to go. The study, conducted by a research agency called Art Tactic and reported by Bloomberg and The Art Newspaper, […]

CoreWeave, the specialized cloud service provider and Ethereum miner, has raised $50 million from Magnetar Capital to provide high-performance computing infrastructure. “With this new round of growth financing, CoreWeave will expand its offering to make high-performance computing available at the industry’s best performance-adjusted cost on a vastly broader scale,” CoreWeave CEO Michael Intrator said in […]

Infura, a blockchain development tool from ConsenSys, now has over 350,000 users for its service to connect to Ethereum and build decentralized apps (dapps). The product has seen the number grow from 100,000 less than a year ago, an increase of 250%, Consensys announced Tuesday. Infura allows developers to connect to the Ethereum blockchain using […]