Bitcoin is up only slightly on Monday after seeing its biggest weekly decline in over four months. At press time, the cryptocurrency is trading 0.2% higher on the day near $35,838, according to CoinDesk 20 data. Prices fell by 6% in the seven days to Jan. 17, a weekly fall not seen since the first week of September. Bitcoin took a beating a week ago, falling […]
Coindesk
3177 posts
The mostly ASIC devices used to mine bitcoin are said to have been consuming 95 megawatts per hour of electricity at a reduced rate. Source link
Wall Street chief financial officers (CFO) are more wary of putting company funds into bitcoin after last week’s 30% price plunge, Bloomberg reports. But given the return of bitcoin’s infamous price volatility – which saw the largest cryptocurrency’s price drop thousands below its peak of $41,900 set on Jan. – the attraction of that strategy may have lessened, according to company executives Bloomberg spoke with. Bitcoin […]
An offline mobile map for travelers has raised $50 million in a seed-funding round led by Alameda Research. Announced Monday, the funding will go toward the launch of a multi-currency wallet on Maps.me and enable a decentralized finance (DeFi) ecosystem on the offline mobile map platform. Cryptocurrency lender Genesis Capital and institutional cryptocurrency firm CMS Holdings also participated in the round. According to a press statement […]
The planned new hire along with a recent expansion show Ripple does not seem deterred by legal troubles in the U.S. Source link
China’s Blockchain-based Service Network (BSN) – a permissioned blockchain network for building decentralized applications and tokens – plans on releasing a beta central bank digital currency (CBDC) as early as the second half of 2021, according to a Jan. 15 blog. Source link
To think that such a festive concept, one that evokes both sophistication and childlike wonder, could become so financially charged … Last week, Bank of America Securities chief investment strategist Michael Hartnett said in a note that bitcoin looks like “the mother of all bubbles.” Harnett seems to be using the strength and speed of bitcoin’s price rise as the base for his diagnosis, as if […]
In Q4 2020, the company raised $3.3 billion across its cryptocurrency investment vehicles. Source link
Coinbase will break apart certain parts of its Coinbase.com and app infrastructure in a bid to keep the cryptocurrency exchange from going down during periods of high volume. During the recent bitcoin bull run, Coinbase has struggled to keep itself up during stretches of heavy volume, leading to snarky comments on Twitter and Reddit that it’s only news when the exchange doesn’t go down during peak […]
What impact will crypto have on the nature of organizations? Will experiments in crypto’s governance lab lead to lasting trends in how companies are orchestrated? This week on the Opinionated podcast we discussed this big topic with Jeff Dorman, the chief investment officer at Arca, a crypto hedge fund. Dorman, a CoinDesk columnist, argues that “community tokens” (like LINK or SUSHI) will inevitably outpace “VC tokens” […]
This week’s Long Reads Sunday is a reading of the “Stone Ridge 2020 Shareholder Letter” by Ross Stevens, CEO and co-founder of Stone Ridge Asset Management, discussing the history of America, sound money and Stevens’ bitcoin “aha” moment. Source link
The investment giant predicts CBDCs will continue gaining steam, although Western central banks have more outstanding questions than answers. Source link
On this episode of “Money Reimagined” the discussion comes home for an insider’s look at how new, disruptive technology and government interact. For this discussion, hosts Michael Casey and Sheila Warren of the World Economic Forum are joined by Marvin Ammori, best known for his work on network neutrality and Internet freedom issues. Rounding out the panel is Christopher Giancarlo, former Commodity Futures Trading Commission chairman […]
With the price of BTC bouncing off $40K and the Fed in no rush to issue its own token, CoinDesk’s Market’s Daily is back with the latest crypto news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io. The U.S. dollar’s rise on the news may be playing spoilsport to the bitcoin bulls. He estimated it will take “years […]
The second full business week of January has demonstrated many trends that NLW argues will shape bitcoin and crypto throughout the year. This episode is sponsored by Nexo.io. On “The Breakdown’s” Weekly Recap, NLW argues that this week is exemplary of a set of trends that will define 2021, including: Image credit: glorcza/Getty Images Plus Source link
Another week, another lifetime lived: The U.S. President impeached, again. Worldwide COVID-19 deaths close in on 2 million. Bitcoin surges to a record high above $42,000, promptly plunges to almost below $30,000 and then begins a late-week rally above $36,000. Meanwhile, the crypto community has been grappling with some contentious regulatory proposals that would strengthen U.S. monitoring of global digital currency transactions. That’s the topic of […]
The CEO of cryptocurrency lender Celsius believes CEL won’t meet XRP’s fate. In a Dec. 31 interview, Alex Mashinsky attributed a recent spike in CEL’s price to the token being registered with the U.S. Securities and Exchange Commission (SEC). Mashinsky said this would protect CEL – the native token of the Celsius lending platform – from being embroiled in an SEC lawsuit, like the one the securities […]
Wireline is now barred from distributing the tokens it promised investors in its 2018 SAFT sale. Source link
U.S. banking powerhouse Goldman Sachs has issued a request for information (RFI) to explore digital asset custody, according to a source inside the bank. When asked about timing, the Goldman source said the bank’s custody plans would be “evident soon.” Goldman’s digital asset custody RFI was circulated to at least one well-known crypto custody player toward the end 2020. “Like JPMorgan, we have issued an RFI […]
Bitcoin was slipping Friday on lower-than-average volumes for 2021 so far. In other news, while BTC and ETH are up this year, some DeFi tokens are doing even better. Bitcoin (BTC) trading around $35,610 as of 21:00 UTC (4 p.m. ET). Slipping 9.4% over the previous 24 hours. Bitcoin’s 24-hour range: $34,425-$39,673 (CoinDesk 20) BTC below the 10-hour and 50-hour moving averages on the hourly chart, […]
Optimism has “soft launched” its solution to Ethereum’s transaction problem, the Optimistic Virtual Machine (OVM). The startup announced Friday that OVM is now live, at a time when gas fees have reached near all-time highs for decentralized finance (DeFi) traders. Indeed, the cost to send a single Ethereum transaction has hovered in the low single-digit dollars for the last month – a bit steep for the […]
Fans of K-Pop girl group Mamamoo will soon be able to buy digital products related to the band using blockchain technology. RBW (Rainbowbridge World), a South Korean entertainment company representing Mamaoo and other popular K-Pop artists such as Vromance and Oneus, is jumping into the cryptocurrency world by issuing non-fungible tokens (NFT) on Hong Kong-based exchange Xeno. The tokens give K-Pop fans and other investors a […]
The entrepreneurial mayor brings his recruitment of tech talent to the crypto space with the potential of a 1% investment of the city’s reserves into BTC. This episode is sponsored by Nexo.io. Today on the Brief: Initial jobless claims grow the most since March Biden unveils emergency relief plan Fed Chair Powell discusses CBDCs and stablecoins Our main discussion: Is Miami about to put 1% of […]
It’s an established truth the cryptocurrency sector is more fragmented than shattered glass. Industry devotees have long made the most of working piecemeal, accepting ever-increasing fragmentation as the price of a decentralized financial system. But what advancements might we achieve if we could stop paying it? At first glance, interoperability seems like a near-impossible goal. According to CoinMarketCap, over 8,000 unique cryptocurrencies currently exist – a […]
Bitcoin is in the red today, following yesterday evening’s announcement of President-elect Joe Biden’s $1.9 trillion stimulus plan. Top shelf Stakeholders stakeThe bitcoin exchange-traded product (ETP) from ETC Group (recently launched on Switzerland’s SIX stock exchange, though it trades elsewhere) has seen volumes far above all the other 1,800 ETPs listed on Deutsche Börse, the exchange said. Meanwhile, Bitwise found the number of financial advisers allocating […]
An India-based startup is coming for decentralized finance (DeFi) stalwart MakerDAO’s crown with the launch of its new “valuecoin.” MahaDAO’s ARTH algorithmic stablecoin is now live on the Ethereum mainnet, according to a press release shared with CoinDesk. ARTH will also go live on the Matic network at an undisclosed point in the future, the team said. The MahaDAO team defines the new token as a […]
(EDITOR’S NOTE: First Mover will not publish Monday, Jan. 18, in honor of Martin Luther King Jr. Day in the U.S., a CoinDesk company holiday. The cryptocurrency market will be open, as it always is.) Bitcoin (BTC) was lower, trading around the $38,000 level where prices have gravitated for the past week. The market faces price resistance around $41,000, with support seen around $34,000, Mark Warner, […]
Numerous exchanges, like Bittrex, have delisted coins that have features to protect user privacy. Explanations of why they’ve done so have been vague or non-existent. It has set up clashes between the exchanges and Zcash, Monero and Dash over whether there is actually regulatory pressure to do so. There is a question that no one seems to want to answer. Why are exchanges delisting zcash, monero, […]