$6.6K: Bitcoin Price Eyes New Target for Bull Reversal

The NYAG sued KuCoin last week under state law, alleging that ether, post-Merge, is a security under the Ethereum blockchain’s proof-of-stake consensus mechanism. The NYAG also alleged that terraUSD (UST) and luna (LUNA) are securities, as well as KuCoin’s Earn platform. I’m not going to get into the last two – regulators have alleged for…

Solana’s SOL jumped nearly 20% in 24 hours to lead the charge among crypto majors in an otherwise range-bound market.SOL crossed $63, reaching a level previously seen in May 2022. Daily trading volumes also spiked to over $3.5 billion, up more than 70% from average levels of $2 billion at the start of November.While there

One sliver of the crypto market seems to be rebounding: staking. Despite the doom and gloom cast over the entire blockchain industry after the cascading crisis that was 2022 and the fact that the global economy is in uncharted territory, as noted by Federal Reserve Chair Jerome Powell at Jackson Hole, proof-of-stake (PoS) revenue generation

With BTC topping $35K and JPMorgan predicting even higher long-term gains for the cryptocurrency, 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 and this week’s special product launch: Stacks.coToday's stories:Bitcoin bulls pushed the leading crypto to fresh all-time highs…

markets The cryptocurrency markets remain unphased after an ETF withdrawal announcement on Wednesday did little to affect bitcoin’s price. The Cboe BZX exchange has withdrawn a proposed rule change that would have otherwise paved the way for an ever-elusive bitcoin exchange-traded fund (ETF) backed by VanEck and SolidX. The announcement, however, did little to spur…

The Cardano blockchain successfully mitigated a DDoS attack that attempted to steal staked tokens, with no significant impact on the network's operation. The attack involved transactions executing numerous smart contracts and was halted after a Cardano developer's post revealed a vulnerability, leading to the attacker's funds being taken. The Cardano blockchain was hit by a

The price of bitcoin (BTC) has not been moving as closely in relation to flows in and out of the spot ETFs as it previously did, according to JPMorgan.On Wednesday, the correlation between the two asset classes dropped to 0.60, said analyst Ken Worthington in a note Thursday morning to the bank's clients. That's down

This is a developing story and will be updated frequently.NEW YORK -- Caroline Ellison, former CEO of Alameda Research, testified that she committed fraud at the direction of her ex-boyfriend and former colleague, FTX exchange founder Sam Bankman-Fried.Ellison, 28, is the government’s highly anticipated star witness in the six-week trial of Bankman-Fried. She was the

Nov 2, 2020 at 14:03 UTCUpdated Nov 2, 2020 at 14:45 UTCBitcoin broke away from the competition in October, with a 29% gain. (Creative Commons, modified by CoinDesk)First Mover: Bitcoin Retreats Before US Election After Dominating Crypto in OctoberBitcoin was lower around $13,200, retreating after reaching a fresh 2020 high near $14,100 on Oct. 31. Tuesday’s…