Bitcoin Erases 75% of October Price Rally as S&P 500 Hits Record Highs

Ethereum Foundation researchers Dankrad Feist and Justin Drake have resigned from their advisory roles at EigenLayer, months after a controversy erupted over potential conflicts of interest within the Ethereum community. EigenLayer is one of the most prominent up-and-coming cryptocurrency projects, serving as a platform for crypto applications to “borrow” Ethereum’s security through a novel concept

A declining correlation between bitcoin (BTC) and equities is rejuvenating the case for investors to include the asset in a more diversified portfolio, crypto market research firm K33 noted in a report.BTC’s 30-day price correlation with the tech-heavy NASDAQ index fell to 0.26, its lowest level since December 2021, according to K33 data. BTC’s correlation…

news The liquidators of failed New Zealand crypto exchange Cryptopia have released their first report on the firm’s financial situation, revealing that it owes over US$2.738 million to creditors. The appointed liquidator Grant Thornton New Zealand published its report Friday, saying that 69 unsecured creditors are owed at least $1.37 million and secured creditors over $912,000, with an…

Aug 24, 2020 at 08:00 UTCIstanbul or ‘Coinstantinople’? Inside Turkey’s Bitcoin Bull MarketTurkish bitcoin users are already waist-deep in a bull run, as partially illustrated by growing exchange volumes. BTCTurk CEO Ozgur Güneri, head of the largest crypto exchange in Istanbul, with the most Turkish banking access of any exchange in the region, said volumes…

Binance, the world’s largest crypto exchange, says it expects to have 645 full-time compliance employees on staff by the end of the year — a 34% increase from last November — as it continues to rapidly build out its compliance department. Including contractors, the crypto exchange already has over 1,000 employees focused on compliance, according

news The U.S. Department of Justice announced Tuesday that it has hit two individuals with bank fraud charges in connection to a system for depositing funds to cryptocurrency exchanges. In a statement, U.S. Attorney’s Office for the Southern District of New York alleged that Reginald Fowler of Arizona and Ravid Yosef, said to live in Tel…

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Trust Wallet, a non-custodial…

It is going on 9pm, but noon day sun continues to stream through the windows. You’re tired. You look out longingly at the palm trees and roller skaters lining the Santa Monica beach outside the office. “Alright, I’m done. I’m logging out for the night,” you say as you look up at your coworker, sitting…

news BitTorrent creator Bram Cohen has taken over as CEO of his current company, Chia Network, CoinDesk has learned. Co-founder Ryan Singer has stepped away from the company to focus on family priorities. Cohen is viewed as a pioneer of the decentralized internet for creating the BitTorrent filesharing protocol. In August 2017, he left BitTorrent to found…