Bitcoin Holds Firm Above $28K, Equities Rise Amid Banking Sector Rebound
BTC, the largest cryptocurrency by market capitalization, was recently trading at about $28,050, roughly flat over the past 24 hours, although a brief midday jump had the BTC/U.S. dollar trading pair reaching as high as $28,605 on crypto exchange Coinbase – its highest point since June, data from TradingView showed.
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Bitcoin Traders Cautious Despite Spot ETF Optimism, Leverage Indicators Suggest
BlackRock (BLK) filing for a spot bitcoin exchange-traded fund (ETF) last month brought renewed optimism into the crypto market, pushing bitcoin (BTC) and related investment vehicles higher.Still, traders in the perpetual futures market tied to bitcoin remain risk averse, unwilling to take on high leverage.Data tracked by Glassnode and Blockware Solutions show the ratio of…
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Watch Lambos Battle for Crypto in This ‘War Riders’ Gameplay Trailer
news How players will battle for crypto in War Riders became a little clearer this morning. In a gameplay trailer released exclusively to CoinDesk, Cartified, the company behind the game, teases how post-apocalyptic vehicles will duke it out for a crypto token called Benzene (BZN). And while the game isn’t yet live, 3,700 cars have already been…
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BitGo Will Provide Cold Storage Crypto Support for Japan’s Bitgate
BitGo CEO Mike Belshe (CoinDesk archives)BitGo Will Provide Cold Storage Crypto Support for Japan’s BitgateJapanese crypto exchange Bitgate will soon offer customers cold storage services through BitGo, a U.S.-regulated trust company, meeting new legal requirements set by the local financial regulator. BitGo announced Wednesday it would provide its “Self-Managed Custody” service to the exchange, which…
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Coinbase Revamps PayPal Withdrawals for US Crypto Users
news Coinbase customers in the U.S. can now make withdrawals into their PayPal accounts. According to a blog post, U.S. customers can withdraw their Coinbase balances to PayPal immediately and without any fees. The new arrangement allows customers to quickly convert their cryptocurrency holdings to cash, wrote Allen Osgood, who works on product at the…
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French Energy Giant EDF Subsidiary Becomes Chiliz Blockchain Validator
EDF subsidiary Exaion has become a validator on the Chiliz Chain.Chiliz is seeking to leverage Exaion's expertise in energy and technology.Exaion follows French soccer giant PSG, which also recently became a Chiliz validator.01:59Why ETH ETFs Might Not Get Approved; 3AC's Kyle Davies Not Sorry01:15Solana Passes Ethereum on DEX Volume00:37Swing Into Meme Coins: 5 Questions With
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Full Transcript: Why MoonPay and PayPal Partnered to Expand Crypto Adoption in the U.S.
CoinDesk's Jennifer Sanasie interviewed MoonPay co-founder and CEO Ivan Soto-Wright for CoinDesk TV's "First Mover" on May 3, to discuss MoonPay's recent partnership with PayPal. Here is the full transcript of the interview.Jennifer Sanasie: MoonPay users can now buy crypto via PayPal (PYPL). The new partnership means that users in the US can seamlessly purchase
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Michael Terpin Urges FCC to Curb Crypto Fraud That Cost Him $24 Million
news Crypto investor Michael Terpin has written an open letter to Federal Communication Commission (FCC) chairman Ajit Pai requesting urgent action on SIM swapping fraud. Terpin, a victim of SIM swapping himself, asked the regulator to make mobile carriers hide customer passwords from employees and to provide a “no port” option, whereby customers would have…
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Implications of Ripple-SEC Court Ruling for Wider Crypto Industry Are Unclear: Bank of America
A comprehensive regulatory framework is crucial for mainstream adoption of digital assets and institutional engagement, Bank of America (BAC) said in a research report Friday.However, a U.S. court’s recent ruling against the Securities and Exchange Commission (SEC) in its lawsuit against Ripple Labs does little to clarify the situation, the bank said. While the digital…