Bitcoin’s Negative Correlation With Dollar Index Strengthens Ahead of U.S. GDP Data

Sandali Handagama is a CoinDesk reporter with a focus on crypto regulation and policy. She does not own any crypto.The U.S. Securities and Exchange Commission (SEC) wants to revise a $22 million penalty set on crypto startup LBRY to $111,614, according to court documents from Friday.The regulator cited LBRY's "lack of funds and near-defunct status,"…

Good morning. Here’s what’s happening:Prices: Bitcoin and ether fell slightly on Sunday, although there's potential for a market-wide rally and significant price movement, an analyst says. Meme coin mania has been fueling dramatic shifts in market sentiment.Insights: Challenges from network congestion due to the Ordinals surge are offset by increased mining incentives, network security and…

Thailand’s Ministry of Digital Economy and Society (DES) has told Meta's (META) Facebook to curb the number of fraudulent crypto investment scams being advertised on the site, or risk being expelled from the country.These fraudulent ads have affected more than 200,000 people, according to a statement published on the Ministry’s website. Chaiwut Thanakmanusorn, the Minister…

Users of crypto wallets Metamask and Phantom, as well as the crypto swap platform Pancake have been targeted in a crypto phishing scam involving at least half a million dollars being stolen, according to a Check Point Research (CPR) report.CPR said that in the past few days there have been “multiple events” in which hundreds…

Mar 27, 2020 at 07:00 UTCHSBC Puts $10B of Private Placements on R3’s Corda BlockchainHSBC has put $10 billion of paper-based private placement records on R3’s Corda blockchain and plans to ramp up the project through this year and next.“We’re confident that we’ll be able to put significant additional volume and value of private placements…

Dec 31, 2019 at 17:00 UTC"The Funding Bill" by Eastman Johnson, 1881, via the Metropolitan Museum of ArtThe U.S. dollar’s century-long reign of the world economy faces a threat over the coming decade – as China’s renminbi strives to become its successor, as some prominent central bankers call for a more sustainable global monetary regime…

Mar 17, 2020 at 20:00 UTCCryptocurrency markets stabilized as traditional financial markets found some footing Tuesday. Most crypto prices have been in the green over the past 24 hours. Bitcoin (BTC) is hovering in the $5,000-$5,500 area as of 19:00 UTC (3 p.m. ET) on March 17. It’s the same area where the cryptocurrency spent the…

MARKETS Bitcoin (BTC) dropped to its lowest level since October 2017 on Monday, as losses are seen across the broader crypto market. The leading cryptocurrency fell to $5,165 earlier today – the lowest level since Oct. 18, 2017 – having breached the crucial support of $6,000 last week. As of writing, BTC is changing hands…

Flex Coin (FLEX) and Open Exchange Token (OX), two tokens linked to the new crypto exchange OPNX, surged as much as 35% in the past 24 hours amid rising social activity and interest from investors betting on Su Zhu and Kyle Davies, two of the exchange’s founders.As such, the sharp price moves were likely a…