Bitcoin Price Eyes $7.4K After Defense of Key Support

Jan 3, 2021 at 10:01 p.m. UTC(Kameleon007/Getty Images)Crypto Long & Short: Looking Back on a Monumental YearThe first Crypto Long & Short of 2021 has a different format: Instead of the usual article, I’ve asked some leading industry analysts – from Kaiko, IntoTheBlock, skew.com and Arcane Crypto – to share their favorite charts with you.…

The metaverse requires a new kind of global governance to stay open and lawful, according to a leaked European Commission paper.The draft document, seen by CoinDesk, also proposes relaxing regulations to aid innovation, and says it wants to look at the legal barriers to new forms of digital cooperation like decentralized autonomous organizations (DAOs).“Virtual worlds…

Republicans had hoped to get U.S. crypto legislation through the House this year, but key lawmakers are now targeting 2024.A Democrat who has negotiated on the legislation said success in the House may move the Democrat-controlled Senate.After months of hoping U.S. crypto legislation could win House of Representatives approval this year, lawmakers doing much of

Decentralized exchange (DEX) PancakeSwap has gone live on Ethereum scaling network Arbitrum in line with broader plans to expand its user base and build revenue, developer Chef Cocoa shared with CoinDesk today.Like all DEXs, PancakeSwap relies on smart contracts instead of middlemen to process trading, lending and lottery services for users. It was already on…

Digital Currency Group (CoinDesk’s parent company) is planning to hoover up up to a billion dollars worth of Grayscale Bitcoin Trust (GBTC), the company announced Wednesday.With subsidiary Grayscale’s flagship product facing sudden competition for brokerage accounts’ bitcoin dollars, the crypto conglomerate increased its GBTC buy range by $250 million. It said it has bought $388…

Mar 23, 2020 at 05:52 UTCUpdated Mar 23, 2020 at 05:55 UTCColorado Gov. Jared Polis and Ethereum creator Vitalik Buterin read children's books at ETHDenver 2020. (Photo by Will Foxley for CoinDesk)Why Polynomial Commitments Might Be a ‘Breakthrough’ for Ethereum 2.0The Ethereum community now has a roadmap, albeit a confusing one.Dropped Wednesday, Ethereum co-founder Vitalik…

NEWS Bitcoin (BTC) fell to its lowest price in over 12 months on Wednesday amid a broader cryptocurrency market sell-off. According to CoinDesk price data, as of press time, bitcoin’s lowest point in today’s session is $5,669 – the lowest reported price figure since Nov. 11 of last year. Wednesday’s session opened at $6,297.96. Its price…

To a large degree, crypto’s primary value proposition is that it gives users more control over their lives. Over their money, data and social connections. This is because crypto is a fundamental rewrite of how internet services are built: Instead of the client/server relationship that defined the pre-blockchain era, there is now a way for

news Cryptocurrency exchange Huobi appears to be inching towards a reverse initial public offering (IPO), according to a document posted with Hong Kong Stock Exchange (HKEX). In the filing, dated Sept. 10, Hong Kong-listed electronics manufacturer Pantronics Holdings Limited, acquired by Huobi last August, disclosed it will change its name to Huobi Technology Holdings Limited. The…