Bitcoin Price Defends Key Support Despite ETF Rejection

NEWS Oct 17, 2018 at 20:45 UTC A U.S. cryptocurrency exchange is reporting dramatic increases in trading of tether (USDT), the controversial stablecoin that lost its dollar peg this week, and one of the new alternatives. At HBUS, the U.S. affiliate of the Singapore-based Huobi exchange, both deposits and withdrawals of USDT "have increased by over 10x over…

Dec 12, 2019 at 16:46 UTCUpdated Dec 12, 2019 at 19:06 UTCMARKETS DAILY: Billion-Dollar Returns Removed From Libra White PaperWith markets mixed, we're hunting for billion dollar returns and the Libra Investment Token in a major revision to the Libra white paper. Tune in as CoinDesk podcasts editor Adam B. Levine and senior markets reporter…

New York-based INX (INXDF), a digital asset broker-deal has received a $5.25 million investment from investment firm Republic, with an option for a full buyout later this year.Republic will acquire around a 9.5% stake in INX at an approximate $50 million pre-money valuation, with a "non-binding" commitment to acquire of 100% of equity at a…

The biggest winner from MarginFi's leadership shakeup seems to be Solend, with $17 million in deposits in the last 24 hours and token rising 37%. Kamino, another competitor, also saw $81 million in new deposits.MarginFi is still Solana's second-largest borrow and lend service and fifth-largest DeFi protocol by TVL despite seeing a 31% deposit exodus

Aug 27, 2020 at 20:34 UTCCoinDesk 20 Bitcoin Price IndexMarket Wrap: Bitcoin’s Powell-Induced Price Swing; Ethereum Still High on GasBitcoin’s rally lost power after a speech by the Federal Reserve chief; Ethereum gas usage hits another record. Bitcoin (BTC) trading around $11,251 as of 20:00 UTC (4 p.m. ET). Slipping 1.8% over the previous 24…

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. ———— I have a friend who has made a significant fortune out of bitcoin. He is…

news Cryptocurrency exchange Kraken has just acquired a firm offering a way for institutional investors such as hedge funds and asset managers to better manage their portfolios. The exchange announced Tuesday that it has bought Interchange, an accounting, reconciliation and reporting service provider that it says offers an “institutional-grade” service. Interchange notably boasts as co-founders Dan Held,…

Ferrari (RACE) will start accepting cryptocurrency as a payment method in the U.S., according to a report by Reuters on Saturday.The Maranello, Italy-based luxury sports car manufacturer will subsequently extend the scheme to Europe in response to demand from its wealthy customers, Reuters reported, citing Chief Marketing and Commercial Officer Enrico Galliera.Ferrari will use crypto

news Bitcoin mining giant Bitmain is experiencing turmoil inside its management after the company sent out an email to all staff announcing co-founder and executive director Micree Ketuan Zhan is ousted. Jihan Wu, another co-founder of Bitmain and now chairman of the board, sent an email with a subject “important notice” to all staff around…