$30 Billion Lost: 4 Stats That Show a Crypto Market in Decline
Wednesday was a tough day for the cryptocurrency market at large, as several data points collected by CoinDesk illustrate.
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Solana Trading Aggregator Jupiter Sees Trading Volumes Jump Ahead of JUP Issuance
Solana-based trading aggregator Jupiter settled over $500 million in trades in the past 24 hours ahead of its planned token issuance on Wednesday, overtaking Uniswap v3 to become the biggest trading platform by that metric.Jupiter has 550 tokens and more than 5,550 trading pairs listed, CoinGecko data shows. The USD Coin (USDC)/Solana (SOL) pair was
Bitcoin Record High Would’ve Happened Without ETFs, Just Later, Say Experts
Bitcoin's latest all-time high on Tuesday morning was accelerated by the launch of the spot bitcoin ETFs, experts said.The cryptocurrency started its rally in earnest in the fall of 2023 as it became clearer that the funds would soon be approved.Experts said that it would've reached a new all-time high nevertheless, but the ETFs have
S&P 500 Gains Can Earn You Bitcoin on New Bain Capital-Backed Exchange
news Crypto investors have a new way to bet on the price of bitcoin – or on traditional assets – with the formal launch of EverMarkets Exchange (EMX)’s derivatives platform. The Palo Alto, California-based startup was founded two years ago and opened the exchange to a restricted audience at the end of May 2019. Effective…
Bitcoin Mining Is Decentralizing – Here’s Proof
There’s at least one industry where the United States now has China beat: bitcoin mining.After Beijing’s crackdown on crypto in September, the U.S. took the reins as the leading location for bitcoin mining, according to data compiled by the Cambridge Centre for Alternative Finance and released last week. Just two years ago, China accounted for…
London Stock Exchange Will Start Market for Bitcoin and Ether ETNs May 28
The London Stock Exchange (LSE) said it will start a marketplace for bitcoin and ether exchange-traded notes (ETNs).The U.K. regulator, the Financial Conduct Authority, said it would allow Recognized Investment Exchanges to create a listed market segment for ETNs earlier this month.01:32What Happens to the Spot ETH ETF Applications If Ether Is Deemed a Security?01:30Anticipation
Bitcoiners Sprint to Improve Lightning Network in 2-Day Virtual Hackathon
A Raspberry Pi computer used to build Raspiblitz, a DIY guide for crafting your own lightning node. (Credit: The Coinspondent)Bitcoiners Sprint to Improve Lightning Network in 2-Day Virtual HackathonAs coronavirus is changing everyone’s lives, making it harder to go outside or interact with friends and family, people are leaning more than ever on digital video…
Libra Scales Back Global Currency Ambitions in Concession to Regulators
Apr 16, 2020 at 14:00 UTCCAPITULATION? U.S. lawmakers grilled Libra board member David Marcus last year. The consortium has overhauled its plans. (Credit: House Financial Services Committee)Libra Scales Back Global Currency Ambitions in Concession to RegulatorsThe Libra Association is pulling back from its original vision of a global digital currency backed by a basket of…
Bitcoin Price Rally Hits a Wall at $90K Resistance While FX Traders Back the Dollar Bull Run
BTC takes a bull breather at the key $90,000 barrier that CoinDesk identified last week. Crypto traders anticipate an eventual breakout toward $110,000. Continued dollar strength, anticipated by FX traders, might lead to financial tightening and slow BTC's ascent. 01:01 Bitcoin Breaks $64K While Gold Soars 00:56 ETH/BTC Ratio Slid to Lowest Since April 2021