$6.6K: Bitcoin Price Eyes New Target for Bull Reversal
A move past a key resistance at $6,675 would confirm a short-term bearish-to-bullish trend change in bitcoin.
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Trump-Supported World Liberty Financial Will Start Public Token Sale Next Week
World Liberty Financial, the nascent decentralized finance (DeFi) protocol supported by Donald Trump and his family, announced plans to start selling tokens on Tuesday – exactly three weeks before the presidential election for which Donald Trump is the Republican candidate. "Public sale starts [on] October 15th, open to everyone who qualifies through the whitelist," the

Russian Nuclear Scientist Gets $7,000 Fine for Mining Bitcoin at Work
news One of three scientists caught illegally bitcoin mining at a Russian nuclear lab has been fined 450,000 rubles, or $7,000. As reported in the Moscow Times Tuesday, Denis Baykov was handed the penalty by a jurisdictional city court for accessing the lab’s supercomputer to illegally mine the world’s top cryptocurrency by market valuation. Located in…

Union Square Ventures to Allocate 30% of New $250M Fund to Crypto-Related Investments
Planned investments "will include holding tokens directly as well as equity in early-stage blockchain-related projects."Union Square Ventures' Fred Wilson, left, with Coinbase CEO Brian Armstrong at Consensus 2019.(CoinDesk archives)Jan 26, 2021 at 7:48 p.m. UTCUpdated Jan 26, 2021 at 8:37 p.m. UTCUnion Square Ventures to Allocate 30% of New $250M Fund to Crypto-Related InvestmentsUnion Square…

Look to Design, Not Laws, to Protect Privacy in the Surveillance Age
May 26, 2020 at 18:31 UTCUpdated May 26, 2020 at 18:34 UTCCredit: Ring promotional screenshot Raullen Chai is the co-founder of IoTeX, a Silicon Valley company building the Internet of Trusted Things with blockchain-powered smart devices that protect privacy. Cameras, thermostats, virtual assistants and other smart devices are being installed in our homes at a…

Payroll Startup Rise Wins CoinDesk’s 2023 Pitchfest Contest
Anna Baydakova is an investigative reporter with a special focus on Eastern Europe and Russia. Anna owns BTC and an NFT.Getting your paycheck in crypto? The younger the employees are, the more likely they are to favor this idea, research shows. Rise, a Ohio-based startup, targets companies that want to give their workers flexibility between…

First Mover Asia: Bitcoin Market Cap Is Surging, but a Retreat From $30K Continues
James Rubin is CoinDesk's U.S. news editor based on the West Coast.Good morning. Here’s what’s happening:Prices: As Asia's trading day begins, bitcoin drops 4% to $27,981, and ether declines 2.45% to $1,824Insights: The West will still lead Crypto's future, but the East is going to play a major role, argues the co-founder of Taipei-based Woo…

98% of Bitcoin’s ‘Unspent Outputs’ Are Worth More Than When Made
Nov 12, 2020 at 11:39 a.m. UTCUpdated Nov 12, 2020 at 11:40 a.m. UTCChange has come a long way since the days of analog cash registers.(Károly Meyer/Pixabay)98% of Bitcoin’s ‘Unspent Outputs’ Are Worth More Than When MadeA bitcoin on-chain metric has increased to three-year highs, suggesting a potential supply shortage and low odds of significant…

An Indonesian Chef and the Remittance Industry’s $554B Problem
Jun 13, 2020 at 10:59 UTCUpdated Jun 13, 2020 at 11:02 UTCAn Indonesian Chef and the Remittance Industry’s $554B ProblemLeah Callon-Butler, a CoinDesk columnist, is the director of Emfarsis, a consulting firm focused on the role of technology in advancing economic development in Asia. When Chef Bagus closed the doors to his restaurant in the…