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Showing posts from July, 2024Show all
Fed Holds Policy Steady, Expresses More Caution Than Expected on September Rate Cut  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The Anatomy of a Crypto Bull Market Analyzing previous crypto market cycles helps us understand the current one, says Kelly Ye, head of research at Decentral Park Capital. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Russia Legalizes Crypto Mining and Brings an Experimental Regime Russia's lower house of the Federal Assembly, known as the State Duma, has passed two crypto-related laws on Tuesday, a Russia based policy expert told CoinDesk and Ria Novosti, Russia's state-owned domestic news agency reported. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The U.S. Government May Begin Hoarding Bitcoin, But How and Why? Proposed legislation regarding a strategic reserve of bitcoin for the U.S. government poses far more questions than answers at the moment. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Women in Crypto Earn More Than Men Pantera Capital’s compensation survey finds that, based on median base salaries, women earn 15% more than men. One possible explanation: they often have more experience than their male counterparts. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Slides to $66K in Wake of Silk Road BTC Movements, Solana’s SOL Leads Majors Losses “It’s going to be extremely volatile this week, so I will not be surprised to see BTC price get another 10% drop/pump,” one analyst noted. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Ether ETFs Saw $340M of Negative Outflows in Their First Week More than $1.5 billion of exits from Grayscale's high-fee Ethereum Trust more than offset inflows into the other spot products. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Tumbles Below $67K as U.S. Government Moves $2B of 'Silk Road' Tokens The government is the owner of about $12 billion worth of seized bitcoin, according to Arkham Intelligence. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Venezuela's Election Body Says Nicolas Maduro Relected President, Opposition Claims Victory Too: Reports The opposition too has claimed victory in a nation where the dependence on crypto is fueled by multiple crises. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
COMP Down 6.7% after Supposed 'Governance Attack' on Compound DAO A whale holding COMP tokens is helping push through a governance proposal that would allocate $24 million in COMP to a yield-bearing protocol called goldCOMP. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Nashville Conference in Pictures: Orange Athena, Pink Suits, Polymarket Swag, Trump's Song  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
In Donald Trump's Own Words – a Partial Transcript of His Bitcoin 2024 Speech The following excerpts from former President Donald Trump's speech – aided by AI transcription – focus on portions of his remarks in Nashville, Tenn., in which he addressed crypto and the industry directly. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
U.S. Senator Lummis Proposes the U.S. Buy 1M Bitcoin to Reduce National Debt  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Trump Says Democrats Winning Election Will Be Disaster for Crypto: 'Every One of You Will Be Gone'  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Democratic Crypto Supporters Call for Crypto-Friendly Party Platform More than a dozen Democrats in the U.S. House of Representatives and a long list of candidates for congressional seats are pushing their national committee to adopt a pro-crypto stance, according to a letter they sent on Saturday. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Key U.S. Senate Republican Tim Scott Makes Crypto-Fan Debut U.S. Sen. Tim Scott (R-S.C.), the top Republican on the Senate Banking Committee who may be in position to be its next chairman, argued at a Bitcoin 2024 appearance on Friday that the government should "make it easy" for the crypto industry to innovate in the U.S. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin to Account for 7% of Global Wealth, Surge in Price to $13M in 21 Years: Michael Saylor The Executive Chairman of MicroStrategy spoke Friday at Bitcoin 2024. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Jersey City to Invest in Bitcoin ETFs, the Latest Pension to Dive Into Crypto The municipal pension plan of Jersey City, New Jersey, will soon invest in bitcoin via exchange-traded funds, according to a Thursday social media post from Mayor Steven Fulop. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
VanEck Sees Bitcoin Hitting $2.9M by 2050 – but a Lot Has to Happen First Bitcoin is benefiting from massive economic imbalances, rising distrust in institutions, fiscal recklessness and mounting debt burden, VanEck's Matthew Sigel said in an interview. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
How Kamala Harris Could Usher in a Clean Slate for Crypto Regulation She may not be appearing at Bitcoin Nashville this year alongside Donald Trump. But, if elected president, Kamala Harris could reshape the U.S.'s policy on digital assets. Penn State Dickinson Law professor Tonya Evans sketches out what could (and should) be her agenda. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Staking in Ethereum ETFs Might Be a Question of When, Not If The eight spot ether exchange-traded funds had a successful launch on Tuesday, despite the missing staking feature that many investors had hoped to profit from. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Holds Up as Tech Stocks Plunge, Ether Sinks a Day After ETF Launch Solana's SOL and Ripple's XRP were notable outperformers. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Is Donald Trump Insulating Bitcoin’s Price From The Tech Stock Slide? With bitcoin steady and tech stocks tanking, is this BTC’s decoupling moment? If so, former president Trump may be the reason, says CoinDesk’s senior analyst George Kaloudis. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The Evolving Efficiency of Bitcoin Markets Low liquidity, regulatory uncertainty and speculative behavior contributes to inefficiency in crypto markets. But systematic approaches, including momentum indexes, can reduce risks to investors, says Gregory Mall, head of investment solutions at AMINA Bank. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Slips to Near $65K as Mt. Gox Creditors Receive Assets on Kraken The imminent distribution of nearly $9 billion worth of bitcoin and bitcoin cash to Mt. Gox creditors have been a major overhang on crypto markets, with investors concerned about how much of those assets will be sold. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Shark Tank's Kevin O'Leary on Crypto Investing, Ether ETFs and Gary Gensler  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
U.S. House Passes Crypto Illicit Finance Bill That's Likely to be Rebuffed in Senate The U.S. House of Representatives has approved another piece of cryptocurrency legislation with a routine voice vote, though the bill to set up a government working group to assess how to keep bad actors from using digital assets isn't likely to become a law as-is. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Ethereum ETFs Could See Underwhelming Demand, Two Research Firms Predict  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Swan Bitcoin Drops IPO Plan, Cuts Staff and Will Shut Managed Mining Unit  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Polymarket Bettors Put Nearly $80M on Biden's Democratic Chances Market data shows Polymarket bettors called Biden drop out hours before it was announced. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Kamala Harris Meme Coin Soars to All-Time High After Joe Biden Drops Out  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
With Biden Out, Polymarket Favors Harris for Democratic Presidential Nominee  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Tops $66K as Cryptos Rally Amid Global IT Outage; Solana's SOL Leads Altcoins Friday's crypto rally defied past days' correlation with U.S equities, which continued their losing streak. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
After 'Civil War' and Anti-Immigrant Tweets, Ryan Selkis Told to Cool It by His Crypto Startup's Leadership  CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Italy's Top Banks Participate in €25M Digital Bond Issuance on Polygon in ECB Trial Global lenders and asset managers are increasingly exploring blockchain tech to issue and transfer traditional financial instruments, also known as tokenization of real-world assets. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Mining Is So Back (Except It's AI Now) Hurting for revenue and profit, bitcoin miners are looking to activities outside mining bitcoin, such as hosting AI computers, to make up the difference. It's paying off, at least in their stock prices. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
SkyBridge's Anthony Scaramucci on Donald Trump, Gary Gensler and Bad Press CoinDesk's Jennifer Sanasie interviewed SkyBridge Capital founder Anthony Scaramucci for CoinDesk TV's "Spotlight Series." Here is the full transcript of the interview. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Dips Below $64K as U.S. Equity Selloff Stalls Crypto Rebound A stock market correction is the biggest risk for the crypto market, but a renewed downturn would be a buying opportunity, an LMAX Group strategist said. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Without High Switching Costs, Telecom Looks Vulnerable to DeWi High switching costs and long-term contracts have previously made telcos impossible to compete against. Key changes in market structure today are allowing challengers with unique crowdsourced supply to challenge them, says EV3’s Mahesh Ramakrishnan. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Philanthropy's Blockchain Uptake Is Slow, But Future Is Bright Adoption by non-profits, or the lack of it, is a good test of product simplicity and reliability, says Paul Brody, head of blockchain at EY. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin's 'OP_CAT' Possibilities Teased in StarkWare Test Project StarkWare used its new STARK verifier on the Signet network, a testing environment for Bitcoin, in a proof-on-concept project designed to demonstrate what the oldest blockchain might be capable of were the pending "OP_CAT" technical proposal to get adopted. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Web3-AI: What’s Real, and What’s Hype The biggest challenge for the evolution of Web3-AI might be overcoming its own reality distortion field, says Jesus Rodriguez, CEO, IntoTheBlock. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Detained Binance Exec Tigran Gambaryan Wheeled into Nigerian Court as Health Deteriorates Detained American Binance executive Tigran Gambaryan had to be pushed into an Abuja, Nigeria courtroom today in a wheelchair, after a herniated disc in his back left him in severe pain and “hardly able to walk,” according to a Monday report from his family. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
SEC Tells ETH ETF Issuers Fund Can Start Trading Next Tuesday: Sources Prospective issuers of a spot ethereum  exchange-traded fund (ETF) were told by the Securities and Exchanges Commission (SEC) on Monday that the funds can begin trading next Tuesday, a source told CoinDesk. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Plaintiffs File New, Slimmed Down Complaint in Class Action Lawsuit Against Tether Plaintiffs in an ongoing class action lawsuit against Tether and Bitfinex have filed a new, slimmed-down complaint accusing the crypto companies of manipulating the crypto markets and violating antitrust laws. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Pro-Crypto Ohio Senator J.D. Vance Is Donald Trump's Vice President Pick Former President Donald Trump and presumptive Republican nominee for the position announced he chose Ohio Senator J.D. Vance to be his running mate on Monday. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Tornado Cash Co-Founder Alexey Pertsev Denied Bail by Dutch Court  Alexey Pertsev, the co-founder and developer behind Tornado Cash, was denied bail by a Dutch court on Friday, according to DLNews. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Spain National Fan Token Slides 20% After UEFA Euro 2024 Win Fan tokens are known to see anticipatory gains and post-tournament losses. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Retakes 200-Day Average as 'Trump Trades' Back In Vogue After Weekend Attack The weekend attack on pro-crypto presidential candidate Trump should galvanize bids for cryptocurrencies, one observer said. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Trump's Odds of Victory Hit All-Time High on Polymarket After Shooting The former president, who was injured at a rally in Pennsylvania on Saturday, now has a 69% chance of retaking the White House, according to traders on the crypto-based prediction market. Trump-themed Polifi tokens and crypto broadly also rose. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Fed Might Focus on Weakening Labor Market Rather Than Inflation as It Mulls Rate Cuts: Economists A weakening labor market could persuade the Fed to cut rates even as inflation is not yet back to the Fed's 2% goal. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Biden's Odds of Dropping Out Jump Again on Polymarket Ahead of President's Press Conference Prediction market traders now see a 65% chance the president will quit the race. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Judge Sends Coinbase Back to the Drawing Board Over Efforts to Subpoena SEC’s Gary Gensler A federal judge encouraged Coinbase to drop – or at least substantially modify – its efforts to subpoena U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler’s personal communications during a hearing Thursday. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Germany Almost Done Selling Bitcoin, Holding Less Than 5K Tokens After Latest Moves There's less than 5,000 bitcoin left in wallets linked to German authorities after Thursday's transfers, down from the 50,000 BTC that was confiscated, blockchain data shows. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Price Decline on Germany, Mt. Gox and Miner Sell Pressure May Be Overblown: NYDIG Recent blockchain movements sparked "irrational" fears, offering a buying opportunity for investors, NYDIG's Greg Cipolaro said. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bragging Rights Are Key to Retaining Web3 Gamers Gaming is a social endeavor, so winning means cooperating with your friends in quests or beating the player on the other screen, and telling the world about your achievements, says Allen Ng, Co-Founder of OpenSocial Protocol. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The Protocol: Side-Dealing Accusations Put Crypto VC Funding in Spotlight In this week's blockchain tech newsletter, we're highlighting the firm Polychain's accusation against a former general partner over an alleged ethics breach, along with Ethereum co-founder Vitalik Buterin's speech in Brussels and Bitcoin's Saxony problem. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
It's Not Germany Selling Bitcoin. It's One of Its States and It Has No Choice. Since confiscating nearly 50,000 bitcoin in January, Germany’s state of Saxony has sold over half of its initial holdings, causing distress in the crypto market. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
MEV Has Spread to Bitcoin, in Subtler Forms Than on Ethereum There are several ways to front-run a pending bitcoin transaction. One in particular could lead to private mempools, and thus centralization of authority on the blockchain. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
What Still Needs to Happen Before Spot Ether ETFs Can Trade There's a lot of excitement over the possibility that a spot ether exchange-traded fund (ETF) may be around the corner. Here's what still needs to happen before one may launch. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Trump's Official Republican Platform Pledges to Halt Crypto 'Crackdown' Former President Donald Trump's Republican Party has officially adopted a platform that would seek to support cryptocurrency innovation, according to the document released Monday by the Republican National Committee. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Play-to-Earn Is Dead. Why Tap-to-Earn Marks a Big Shift Clicker giants like Notcoin, TapSwap, Yescoin and Hamster Kombat have shown how blockchain games can reach millions of users, says Alena Shmalko, Ecosystem Lead at TON Foundation. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
France Votes for Hung Parliament as Major Parties Fall Short of Majority The absence of an outright majority could hamper the passing of new legislation, including crypto regulations. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Ethereum ICO-Era Stalwart Golem Sent $100M Ether to Exchanges in the Past Month The protocol was one of the first ICOs on Ethereum, raising $8.6 million worth of ether in 29 minutes and setting the precedent for thousands of other ICOs in the years since. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Germany Sill Holds $2.2B Worth of Bitcoin, Blockchain Data Show Germany has been running down its coin stash since mid-June. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
CoinDesk 20 Down 7%, Bitcoin Sinks by 5% as Asia Trading Week Begins CoinDesk 20 Down 7%, Bitcoin Sinks by 5%, as Market Tumbles as Asia Trading Week Begins CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin ETF Investors Bought the Dip on Friday, With Inflows Topping $140M Returning to their screens following the July 4 break, U.S. traders were confronted with prices that had plunged roughly 10% from pre-holiday levels. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Biden's Odds on Polymarket Little Changed After ABC TV Interview The president's chances of reelection remain 12% and his probability of dropping out stayed at 63%, according to traders on the crypto-based prediction market platform. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Sacked Northern Data Execs File Suit Against Tether-Backed Company, Alleging Fraud Two former executives of Tether-backed German tech company Northern Data have filed suit against the firm, alleging that they were wrongfully terminated after raising concerns about the company’s financial health and alleging tax evasion. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
As Bitcoin Bellyflops to $54K Only Five Mining Rigs Remain Profitable, Says F2Pool Miners need to continually sell bitcoin rewards to keep operations afloat, and they are stressed during a market downturn. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Dips Below $54K as Mt. Gox Moves $2.6B in BTC BTC slides to lowest since late February, breaching key price support. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Mt. Gox Doomsday Scenario Involves Bitcoin Cash, Not Bitcoin: Analyst Selling pressure from Bitcoin Cash (BCH) and lack of liquidity is the story to watch once Mt. Gox begins redemptions, writes Presto Research. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Plunges Under $59K as Crypto Bulls See $230M Liquidations Solana’s SOL and dogecoin (DOGE) lead losses among major tokens, with the CoinDesk 20 index down 4.8%. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
When Do Secondary Token Sales Violate Howey? A federal judge overseeing the U.S. Securities and Exchange Commission's case against Binance ruled that most of the case can proceed, but dismissed charges tied to the sale of BUSD and secondary sales of BNB. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The Protocol: 'Private Jet Brandization' Is One Way Polkadot Burnt Cash Crypto twitterati showed no mercy as Polkadot published a transparency report detailing spending on $87 million of DOT tokens – a lot of it on marketing. PLUS blockchain tech news and project highlights from the past week. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Kamala Harris' Odds of Winning Democratic Nomination Surge on Polymarket The vice president CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
DCG, Top Executives Renew Push to Get New York AG’s Civil Fraud Suit Dropped Lawyers for cryptocurrency firm Digital Currency Group (DCG) and two of its top executives – CEO and founder Barry Silbert and Soichiro “Michael” Moro, the former CEO of DCG’s wholly-owned trading arm Genesis – have made a final effort to convince a judge to toss out New York Attorney General (NYAG) Letitia James’ civil fraud suit against them. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Welcome to DePIN Summer Decentralized Physical Infrastructure Networks (DePIN) are flourishing across multiple businesses, creating an “economy of things,” where value is shared across all participants. Scott Foo, founder of DePIN Daily, digs in. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Ether Spot ETFs to See Up to $5B of Net Inflows in First Six Months: Gemini Ether’s market value relative to bitcoin is close to multiyear lows, and strong inflows into spot ETH ETFs could spark a catch-up trade, the report said CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Ethereum Products See Highest Outflows Since 2022 Ahead of Ether ETFs Ether-tracked investment products have collectively lost nearly $120 million in the past two weeks while bitcoin products recorded inflows. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin Traders Position for ‘Bullish July’ as BTC ETFs Record $124M Inflows Bitcoin has a median return of 9.6% in July and tends to bounce back strongly, one trading firm said. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Crypto-Friendly Silvergate Bank Pays $63M to Settle Charges With SEC, Fed, California Regulator The U.S. Securities and Exchange Commission filed a complaint against Silvergate Bank's parent entity and its former executives on Monday. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Prime Broker Hidden Road Adds Major Crypto Exchanges, Expands Use of BlackRock’s BUIDL Token  Hidden Road is now integrated with Coinbase International Exchange, OKX, Deribit, Bitfinex, AsiaNext, SIX Digital Exchange and Bullish. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Sony Buys Amber's Japan Unit to Enter the Crypto Market: Reports Last year, Bloomberg had reported that Amber was planning to sell its Japanese unit. CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data