Charles Schwab has begun rolling out spot trading of cryptocurrency to its retail brokerage clients. The discount brokerage giant announced on X today that an initial group of clients can now trade bitcoin and ether alongside traditional stocks and exchange-traded products. Trading of additional crypto assets will be rolled out over time. In an April preview of the launch, Schwab said that clients will maintain a separate crypto account through Schwab Crypto alongside and linked to their main trading accounts with its Schwab.com, Schwab Mobile, and thinkorswim platforms. “With Schwab Crypto, investors can access familiar cryptocurrencies within an all‑in‑one investing and banking experience, backed by an ecosystem of education, tools,…
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Crypto Rallies to Help Aave After Hack
$230M donations pledged to help lending protocol unfreeze
Cryptocurrency firms large and small have started donating to DeFi United, a fund set up to help lending protocol Aave recover from the fallout of the $293 million Kelp DAO hack. After the April 18 theft, hackers thought to be from North Korea moved $230 million in stolen rsETH tokens — valued the same as ether, currently $2,300 — onto Aave, taking out loans using the unbacked tokens as collateral. That left Aave with a huge amount of bad debt, which in turn led to a bank-run-style series of withdrawals that left the protocol frozen. Now a group of firms, beginning with staking provider Lido Finance, have pledged donations and…
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Markets Report: Bitcoin battles final resistance before $58K all-time highs
$60,000 Bitcoin “is one corporate announcement of $BTC on the balance sheet away’ as Ether reaches for $2,000
Bitcoin beat two-week highs on March 10 as bulls propelled the largest cryptocurrency into final resistance at $56,000 before an attack on all-time highs.
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Beyond Tesla? Two firms buy $100M in crypto as store of value… and more
A Norwegian energy firm and Chinese software company both said their cryptocurrency purchases were a prelude to entering the crypto and blockchain industry as well as investments
Splashy Bitcoin investments like Tesla’s recent $1.5 billion buy are largely aimed at avoiding losses to currency devaluation, but two firms’ recent purchase of just under $100 million go beyond that.
