CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

S&P

Markets

Are Cryptocurrencies an Inflation Hedge? Theoretically Yes, Factually No Says S&P

Some argue that crypto assets could be in demand in a high-interest rates/high inflation environment because they could serve as a store of value, however crypto's track record is too short to prove this, S&P said.

By Omkar Godbole

May 10, 2023 at 8:46 a.m. UTC

May 10, 2023

BitcoinInflationMarketsCryptocurrencyS&P

CDCROP: Block Blockchain (Shubham Dhage/Unsplash)

Finance

Digital asset

Digital Asset Will Start Global Blockchain Network With Deloitte, Goldman Sachs and Others

Other participants of the network include BNP Paribas, Cboe Global Markets and Microsoft.

By Helene Braun

May 9, 2023 at 8:00 a.m. UTC

May 9, 2023

Digital AssetBlockchainMicrosoftDeloitteGoldman SachsBNP ParibasCBOEBroadridgeS&PCumberland DRW

Finance

Funding rounds

S&P Global, Coinbase Back $6M Fundraise for Crypto Firm Credora

The startup provides technological infrastructure for institutional credit across centralized and decentralized finance.

By Brandy Betz

Apr 25, 2023 at 2:55 p.m. UTC

Apr 25, 2023

Funding RoundsS&PCoinbaseCredit

Markets

Bitcoin

Bitcoin's Tight Correlation With Nasdaq-SPX Ratio Muddies Safe-Haven Narrative

Bitcoin continues to move in lockstep with the Nasdaq to S&P 500 ratio. The positive correlation suggests the cryptocurrency is still a risky asset.

By Omkar Godbole

Apr 6, 2023 at 9:53 a.m. UTC

Apr 6, 2023

BitcoinNasdaqS&PMarkets

Finance

Coinbase

Coinbase Junk Bonds Further Downgraded by S&P on Weak Profitability, Regulatory Risks

The agency lowered Coinbase’s credit rating from BB to BB-, a further step away from investment grade.

By Helene Braun

Jan 11, 2023 at 11:26 p.m. UTC

Jan 11, 2023

CoinbaseBondsS&P

CDCROP: Wheat Silos Farming Farmland (Shutterstock)

Markets

Analysis

Citi: Correlation Between Equity Markets, Bitcoin Weakens Following FTX Collapse

Decentralized exchanges have gained market share as confidence in their centralized equivalents have declined, the report said.

By Will Canny

Nov 14, 2022 at 12:17 p.m. UTC

Nov 14, 2022

AnalysisFTXCitiBitcoinS&P

CDCROP: Frank Downing, director of research at Ark Invest / Steven McClurg, co-founder of asset management firm Valkyrie (ARK Invest/Valkyrie)

Markets

Bitcoin

Valkyrie Funds, Ark Invest Say Crypto Has Hit ‘Bottom’ Amid Recession Woes

Frank Downing, director of research at Ark Invest and Steven McClurg, co-founder of asset management firm Valkyrie, joined “First Mover” to discuss the state of crypto, the economy and their respective crypto-focused separate managed accounts.

By Fran Velasquez

Oct 7, 2022 at 6:53 p.m. UTC

Oct 7, 2022