Arbitrum’s ARB Token Trades at $3.99 as 625,143 Wallets Receive Airdrop

markets The price of ether fell to 19-month lows just over $80 today and is now down 94% from its January peak. Ether’s dollar-denominated exchange rate (ETH/USD) slipped to $81.30 at 02:15 UTC – the lowest level since May 2, 2017 – according to CoinDesk’s Ethereum Price Index (EPI). As of writing, ETH is trading…

Reduced traffic from decentrentralized exchanges has relieved congestion on the Ethereum blockchain. (Unsplash, modified by CoinDesk)A slowdown in cryptocurrency trading on so-called decentralized exchanges has helped to alleviate congestion on the Ethereum blockchain, at least temporarily mitigating concerns that the network was becoming overloaded.The trading lull comes as prices tumble for many of the hottest…

Mumbai, India. Credit: ShutterstockAn Indian cryptocurrency exchange has added support for bank account transfers, hours after the Reserve Bank of India (RBI) was forced to lift its cryptocurrency ban. Mumbai-based CoinDCX announced Wednesday that users could now purchase cryptocurrencies with the Indian rupee, as the exchange became the first platform in India to fully integrate…

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1856.9, up 0.9% (+16.27) since yesterday's close. Twelve of 20 assets are trading higher. Leaders: SOL (+3.9%) and BCH (+2.2%). Laggards: MATIC (-1.4%) and ETH (-1.3%). The CoinDesk 20

Aug 31, 2020 at 17:17 UTCUpdated Aug 31, 2020 at 17:18 UTCFederal Jury Indicts Three Accused of Posing as Pastors in Alleged $28M Ponzi SchemeThree men accused of passing themselves off as pastors to get churchgoers and other investors to put money into what prosecutors say was $28 million ponzi scheme have been indicted by…

Bitcoin (BTC) continues to trade in a tight range, although buyers appear to be holding support above $60,000. Short-term indicators are neutral, although pullbacks could be limited given a series of price breakouts over the past month.If buyers fail to hold $60,000, lower support around the 50-day moving average, currently near $55,000, could stabilize a…

Joseph O’Connor, the U.K. national behind a 2020 Twitter hack, has been extradited to the United States, where he has pled guilty to multiple cybercrime offenses, the U.S. Attorney’s Office Southern District of New York announced Tuesday“O’Connor used his sophisticated technological abilities for malicious purposes — conducting a complex SIM swap attack to steal large…

Danish bank Saxo has been ordered by Denmark's financial regulator to shed its own crypto holdings, the authority announced on Wednesday.The Danish Financial Supervisory Authority's (FSA) explained that it isn't legal for banks to conduct such activity as ancillary bank business for reasons of financial stability under current regulations."Saxo Bank A/S' trading in crypto assets…

Bitcoin’s breakout above $63,300 on Monday to all-time highs is “constructive technically” and should see prices rise to $72,000 initially and then $77,600, according to FSInsight, a markets strategy and research firm.FSInsight notes that bitcoin momentum isn’t overbought yet on daily or weekly timeframes.A breakout in bitcoin’s market-cap dominance chart means it may outperform altcoins…