Bitcoin Bulls Defend $7,450 But Need Progress Soon

Sep 11, 2020 at 13:36 UTCUpdated Sep 11, 2020 at 13:58 UTCDeFi is pushing up usage and fees on Ethereum, and the blockchain network so far is passing the stress test. (Flickr Creative Commons, modified by CoinDesk)First Mover: Ethereum Gets Unplanned Stress Test as DeFi Fever GrowsThis column has written in recent weeks about the surprising possibility…

Binance founder Changpeng “CZ” Zhao has reported to a federal prison in California where he will spend the next four months for failing to implement an adequate know-your-customer (KYC) program at the world's largest cryptocurrency exchange.Zhao, a Canadian national, pleaded guilty to violating the Bank Secrecy Act (BSA) in November. In April, a federal judge

Self-Sovereign Identity Will Reshape the Internet (if You Use It)Brace yourself for a concept that will feel jarring, an idea that will clash with everything you know about 2020, and a philosophy that will feel downright unthinkable: Optimism.Many internet 2030 scenarios are bleak. (See other entries in our “Internet 2030” series). Here we imagine a brighter…

news Walmart China has launched a blockchain-based platform aimed to address food safety concerns in the country. Announced Tuesday in a press release, the Chinese arm of the U.S. supermarket giant said it has teamed up with blockchain project VeChain, PwC and others on the initiative, which comes as the latest in a line of…

Jun 12, 2020 at 20:41 UTCSource: CoinDesk Bitcoin Price IndexMarket Wrap: Bitcoin Is Still Up 30% in 2020 After a Bumpy WeekDespite sliding in sympathy with stocks this week, bitcoin’s performance remains healthy this year, up 30% so far.  Bitcoin (BTC) was trading around $9,412 as of 20:00 UTC (4 p.m. ET), gaining 2% over…

This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk 20 Index: 1,929.84  -0.85% Bitcoin (BTC): $62,503.74  -0.55% Ether (ETH): $2,433.31  -0.78%  S&P 500: 5,695.94  -0.96% Gold: $2,646.96  +0.14% Nikkei 225: 38,937.54 

A lot of the buzz in blockchain tech circles this year has been over the push toward secondary "layer-2" networks atop Ethereum being built on "zero-knowledge" cryptography, or ZK – seen by many experts as superior to the "optimistic rollups" that currently dominate. So the question is why the U.S. crypto exchange Coinbase and venture…

BTC, ETH recover from overnight lows, but remain in the red on a 24-hour basis. The rallying dollar might be weighing on the crypto market, according to one analyst. A hotter-than-expected U.S. inflation report would weaken the case for Fed rate cuts. The crypto market was listless during the European morning as a hawkish rethink

Jun 22, 2020 at 18:39 UTC(Gergo Orban/Shutterstock)For a second month in a row, the bitcoin market lacks a clear directional bias, with prices largely restricted to a narrow range of $9,000 to $10,000. However, the cryptocurrency’s liquidity on derivative exchanges continues to heat up, a sign of a sustained rise in investor interest.  On a…