February 2024 | Page 37 of 122 | Last Cryptocurrency News Feed

Ether’s $3K Breakout Partly Fueled by Dealer Hedging, Analyst Says

Options dealers likely bought ETH in spot/futures market to hedge their short bets in call options, adding to bullish momentum, BloFin's Griffin Ardern said.A similar pattern played out in the bitcoin market in November, accelerating price gains above $36,000.Dealer hedging, a market dynamic that accelerated bitcoin's (BTC) uptrend in late 2023, is now influencing ether's

CoinDesk Feed

First Mover Americas: AI Mania Heats Up

This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.Latest PricesTop StoriesArtificial intelligence (AI)-related tokens surged after chipmaker Nvidia (NVDA) beat its already lofty fourth-quarter earnings expectations. Nvidia on Wednesday reported earnings per share of $5.16, topping

Cryptocurrency News Feeds

This Cryptocurrency Spikes 20% After Coinbase Announces Support

TL;DR The value of a particular cryptocurrency briefly increased by nearly 20% after Coinbase’s interaction. Such price movements are common following announcements from the exchange, demonstrating its potential impact. The price of Helium Mobile (MOBILE) soared by almost 20%, reaching a two-month high after an announced support from the leading cryptocurrency exchange Coinbase. However, the

CoinDesk Feed

Bitcoin ETF Approval Comparable to ‘Naked Emperor’s New Clothes,’ ECB Officials Say

The approval of spot bitcoin ETFs and the resulting price rally are not proof that the cryptocurrency is a good investment, two officials at the European Central Bank said in a blog post.Bitcoin’s price may rise in the short term, but there is no “fair value” from which serious forecasts can be made, they wrote.“Why

Cryptocurrency News Feeds

Greg Solano Set to Lead Yuga Labs as New CEO

Greg Solano, widely known by his pseudonym “Garga” and co-founder of Yuga Labs, has announced that he will take over as CEO. This announcement comes as Daniel Alegre, former COO of Activision Blizzard and CEO of Yuga Labs, steps down after a tenure of approximately ten months. Crypto-Native Focus The leadership transition was revealed through

Cryptocurrency News Feeds

Traders Remain Bullish on Bitcoin Despite BTC Sideways Action; Is SMOG a Good Alternative On the Pull Back?

Traders remain bullish on Bitcoin despite its recent price drop to $50,600 yesterday. The number-one-ranked cryptocurrency is now trading in a defined range between $52,950 and $50,600 as traders anticipate its breakout to dictate the next direction. Furthermore, the Bitcoin range-bound action provides opportunities to load up on lower-ranked alternatives that are currently seeing price

Cryptocurrency News Feeds

Why is the Ethereum (ETH) Price Up Today?

Ethereum is back above $3,000 after a brief pullback. In the following, we take a look at a few technical indicators that might provide some insights into why the ETH price is up today. Key Support levels: $2,900 Key Resistance levels: $3,340 1. Bulls Are in Control The ETH rally is in full swing, and

CoinDesk Feed

England’s Law Commission Seeks Views on Draft Legislation to Label Crypto as Property

The Law Commission, which reviews and recommends changes to laws in England and Wales, published a consultation on draft legislation to label crypto as property.The independent statutory body's report on digital assets last year showed that crypto tokens and non-fungible tokens were able to attract property rights. Responses are required by March 22."Personal property rights

CoinDesk Feed

South Korea’s Most Populated Province Traces and Collects $4.6M From Crypto Tax Evaders

South Korea’s most populated province, Gyeonggi, has implemented a digital tracking system for the first time in the country that has helped it collect arrears from crypto tax evaders.The $4.6 million collected has been from the 2,390 violators out of the 5,910 identified.South Korea’s most populated province, Gyeonggi, has collected $4.6 million from crypto tax

CoinDesk Feed

South Africa to Start Work on Stablecoin Regime, Will Start by Considering Use Cases

South Africa's Intergovernmental Fintech Working Group will look into the use cases of stablecoins as well as their regulatory implications.The group is also exploring the effect of tokenization on markets and will publish a discussion paper by December on tokenization policy.South Africa's Intergovernmental Fintech Working Group will conduct analytical work on use cases for stablecoins