Bitcoin News Roundup for May 4, 2020

Santander Private Banking International, part of Spanish financial services giant Banco Santander, is offering high-net-worth clients in Switzerland trading and investing in the major cryptocurrencies bitcoin (BTC) and ether (ETH), according to an internal announcement seen by CoinDesk.Over the next several months, Santander will offer additional cryptocurrencies that meet the bank’s screening criteria, the announcement

Bitcoin protocol Babylon completed its second staking round on Tuesday, increasing deposits to about 24,000 BTC ($1.5 billion) from about 1,000 BTC previously. The staking round was "duration-based," meaning it lasted for 10 Bitcoin blocks. Babylon, a Bitcoin staking platform billed as a new way of providing the original blockchain's security to new protocols and

news Blockchain interoperability project Tendermint has raised $9 million in a Series A funding round led by technology-focused venture capital firm Paradigm. Announcing the news on Thursday, Tendermint said that other participants in the round included Bain Capital and 1confirmation, among others. The investment will go toward supporting the firm’s continued development of the Cosmos Network,…

news Bitcoin futures market Bakkt intends to expand from its current physically-settled offerings to cash-settled futures before 2020. Bakkt COO Adam White announced Tuesday during CoinDesk’s Invest: NYC conference that the Intercontinental Exchange (ICE) subsidiary is working on adding the product. “We have the intention of offering a cash-settled contract as well,” White said. According…

Cryptography Startup Brings Private Payment Channels to Tezos BlockchainCryptography firm Bolt Labs has launched a private payment solution, zkChannels, on Tezos.  The startup is now working with Tezos developer groups Nomadic Labs and Metastate to implement the tech in the next network update.  Similar to the Lightning Network, zkChannels is a payment channel for blockchains…

Oct 7, 2020 at 21:18 UTCUpdated Oct 7, 2020 at 21:27 UTCOver $26 million worth of bitcoin (BTC) associated with the massive 2016 hack of crypto exchange Bitfinex was moved around across seven transactions on Wednesday, according to Twitter-based blockchain tracker bot Whale Alert. The security breach at Bitfinex in August 2016 led to the theft…

Apr 22, 2020 at 11:48 UTCUpdated Apr 22, 2020 at 11:52 UTCCredit: Joseph Sohm / Shutterstock.comFirst Mover: What the Oil Price Collapse Means for Bitcoin’s Halving ValuationOne lesson of this week's oil-price crash is that markets aren't acting very efficiently during the coronavirus crisis. On Monday, the benchmark U.S. oil futures contract for May delivery tumbled…

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 PricesTop StoriesBitcoin extended its losing run to a fifth consecutive day, dropping below $27,000. The cryptocurrency fell 2% on Thursday to around $26,600 after starting to drop

Featured SpeakerAlex ThornHead of Firmwide ResearchGalaxyHear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.Stephen Alpher is CoinDesk's co-regional news chief, Americas. He holds BTC above CoinDesk’s disclosure threshold of $1,000.Featured SpeakerAlex ThornHead of Firmwide ResearchGalaxyHear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.A…