Bitcoin News Roundup for May 5, 2020

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.Following its decline below $29,000 for the first time in a month on Monday, bitcoin (BTC) was trading at $29,100 early Tuesday. The bearish price action comes ahead…

This post is part of CoinDesk's 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Amir Taaki created libbitcoin, the first alternative bitcoin implementation, and has worked on the wallets Electrum and Darkwallet as well as privacy markets and decentralized technologies. He founded the…

Oct 21, 2020 at 22:24 UTCUpdated Oct 21, 2020 at 22:26 UTCPrices of BTC rose to $13,005.51 at 22:22 UTC (6:22 p.m. ET) by press time, representing a 8.7% gains in the past 24 hours, according to CoinDesk’s Bitcoin Price Index (BPI).The 24-hour price range: $11,898.03 - $13,030.86.The oldest cryptocurrency has continued its price rally…

MyTrade's founder pleaded guilty to charges include market manipulation. Another of the accused firms, CLS Global, said it's trying to start a "dialogue" with U.S. authorities. The U.S. Department of Justice said it secured a guilty plea from the operator of crypto "market maker" MyTrade, which was one target in a wide-ranging sting that brought

Dec 31, 2020 at 3:00 p.m. UTCGovernments Will Start to Hodl Bitcoin in 2021Reflecting on 2020, I struggle to think of another year in recent decades with both so many all-time highs and all-time lows.From the COVID-19 pandemic raging across the global population to record-setting wildfires in the western United States to numerous other calamities,…

Mar 13, 2020 at 18:29 UTCMakerDAO’s emergency shutdown option – which was weighed by community members following the appearance of a $4 million debt bubble on the decentralized finance (DeFi) platform – will not pass at this time. If a shutdown was triggered by the Maker team, all dai stablecoins in circulation would convert to…

Optimism Foundation sold about 19.5 million OP tokens to an unidentified buyer.The tokens come from the unallocated portion of the OP Token treasury that was set aside for working capital.Optimism Foundation said on Friday that it had entered into a private token sale of approximately 19.5 million OP tokens, worth nearly $90 million at current

I asked someone the other day why he was building in crypto. His response: "To make a lot of money. Why else?" Jaded. I used to brush those people off to the side thinking they just don't get it.Last month, I was selected to talk at the New Voices stage at Consensus 2024 about public

feature To understand how early investors in Facebook’s new Libra blockchain will make money over time, it helps to dig into a new lottery going live on ethereum mainnet Monday. It’s a lossless lottery called PoolTogether and tickets are now on sale. Its similarity to Libra is not a completely one-to-one relationship, but the key…