A New Crypto Bear Market Begins: CoinDesk Quarterly Review 2021 Q2

Bitcoin Rises in Line With Stocks After Dip Below $9KBitcoin’s positive correlation with stocks continues Monday, with the cryptocurrency drawing bids alongside gains in global equities.  As of 09:35 UTC, the leading cryptocurrency by market value is trading at $9,190, representing a 1.4% gain on a 24-hour basis, according to CoinDesk’s Bitcoin Price Index.  Meanwhile,…

The Bitcoin profit and loss index is hovering around its 365-day moving average; previous crossovers to the downside have led to major market corrections. Tether's market cap growth, often considered a key driver of bull markets, has stalled. Large BTC holders, however, increased their stash by 6.3% over the month, the highest since April 2023.

Ripple's sale of XRP tokens on exchanges and through algorithms did not constitute investment contracts, but the institutional sale of the tokens did violate federal securities laws, a New York court ruled on Thursday.The court published the conclusions in an order partially granting a motion for summary judgment in the ongoing case against the blockchain…

Michael J. Casey is the chairman of CoinDesk's advisory board and a senior advisor for blockchain research at MIT's Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. There's an early scene in "It's a Wonderful Life," that stalwart of holiday season TV…

Feb 20, 2020 at 21:15 UTCUpdated Feb 20, 2020 at 21:39 UTCFOR A RAINY DAY: Nexus Mutual members voted to pay out two claims following the bZx flash loan attacks – a first for the DeFi insurance pioneer. (Image via Pexels)Insurance works in crypto so far, though it hasn't had many big tests yet.Not many…

feature “Cautious optimism.” That’s how Hudson Jameson, developer relations for the Ethereum Foundation, described the mood in the run-up to ethereum’s fifth planned system-wide upgrade, Constantinople. Expected to activate next Wednesday, Jan. 16, Constantinople is a type of upgrade known as a hard fork – which means it needs to be unilaterally installed across all…

news IDEO CoLab, a subsidiary of design firm IDEO, has partnered with 20 blue chip and crypto firms to launch a blockchain accelerator dubbed Startup Studio. Partners include Amazon, Deloitte and Fidelity, in addition to crypto data firm Messari, the Ethereum Foundation, the Stellar Foundation, among others, to build on the distributed web incubator that IDEO…

Sandali Handagama is a CoinDesk reporter with a focus on crypto regulation and policy. She does not own any crypto.Bitcoin (BTC) kiosk company Coinme has agreed to pay nearly $4 million to settle charges by the U.S. Securities and Exchange Commission alleging it was party to an unregistered security offering, the regulator announced Friday.Coinme, its…

news Craig Wright’s ongoing contempt hearing failed to reach a sanctions verdict on August 5. As part of a $10 billion lawsuit brought by Ira Kleiman, brother of Wright’s former business partner Dave Kleiman, Wright previously failed to disclose a complete list of his bitcoin holdings acquired prior to Dec. 31, 2013. Judge Bruce Reinhart…