Below $7K: Bitcoin Price Looks Indecisive After 19-Day Low
Bitcoin’s price dropped to 19-day lows below $7,000 and created a doji candle on Sunday, signaling indecision in the marketplace.
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First Mover Asia: Traders Focused on Liquidity & FOMC as Asia Opens Its Business Day
Here is where the crypto market started to get excited. From a local low of $19,700 on Friday, March 10, BTC went on to soar 42% to over $28,000 nine days later. (Stock and bond markets also rallied, but by insignificant amounts in comparison.) Crypto Twitter celebrated the end of monetary tightening, the onset of…
Vitalik Buterin: Increasing Transaction Costs Risk Limiting Ethereum Adoption
news The increased cost of transacting on the ethereum blockchain is hurting the software’s adoption, says project creator Vitalik Buterin. Speaking with the Toronto Star this week, Butertin suggested projects that are considering whether to build on the technology will likely be butted out as the blockchain is overloaded with transactions, or in his words “almost…
Huobi’s Burns 116 Percent More Tokens Amid Quarterly Revenue Gains
news Houbi burned 116 percent more tokens this quarter than last, ignited by “improving market conditions” and sales growth, according to a company statement. Since issuing Huobi Tokens (HT) in early 2018 the Singapore-based crypto exchange has spent 20 percent of its quarterly revenues buying back outstanding tokens in an effort to stabilize a volatile…
Overheard at EthCC — Is Crypto Back, Boosted by Artificial Intelligence?
Paris, FRANCE — With more than double the attendees compared to last year’s event, over 250 side events and pretty much every event and side event oversubscribed, the mood at last week’s EthCC was elated, leaving attendees at the Ethereum-focused conference to wonder whether the worst of the bear market is in the past.The breezy…
What Still Needs to Happen Before Spot Ether ETFs Can Trade
There's a lot of excitement over the possibility that a spot ether exchange-traded fund (ETF) may be around the corner. Here's what still needs to happen before one may launch. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. Following
Web3 News From Consensus
Rosie Perper is the Deputy Managing Editor for the Web3 news section, focusing on the metaverse, NFTs, DAOs and emerging technology like VR/AR. She has previously worked across breaking news, global finance, tech, culture and business. She holds a small amount of BTC and ETH and several NFTs.Howdy y'all and welcome to a special Consensus…
New Kraken Venture Fund to Target Early-Stage Crypto, Tech Startups
Kraken Ventures will operate autonomously, with financial backing from the exchange.Jesse Powell, co-founder and CEO of the Kraken exchange.(Kraken)Feb 11, 2021 at 2:30 p.m. UTCUpdated Feb 11, 2021 at 2:33 p.m. UTCNew Kraken Venture Fund to Target Early-Stage Crypto, Tech StartupsKraken, the fourth-largest cryptocurrency exchange by trading volume, has announced the launch of a new…
Encrypted Email Service Launches on Blockstack With Bitcoin Features
feature An encrypted email service that uses Blockstack IDs is hoping to make online privacy tools more accessible, especially in the Middle East. A product of Egyptian web firm Intelli Coders, Dmail launched in beta on June 1. Prior to launch, 500 people, from Saudi Arabia to India, tested the service, according to CEO Mohamed…