Bitcoin’s Second-Ever Developer Is Back (With a Big Vision for Crypto)

One of the biggest rollup networks on Ethereum is finally gearing up its systems for prime time.Optimism, a "layer-2" blockchain, bundles up user transactions and settles them on Ethereum for cheap. It has played a lead role in expanding accessibility to the second-largest blockchain ecosystem by market capitalization – and serves as the template for

The U.S. added 150,000 jobs in October versus economist expectations for 180,000 and down from 297,000 in September. The unemployment rate rose to 3.9% versus forecasts for 3.8% and September’s 3.8%.In addition to the headline miss, downward revisions to August's and September's jobs gains totaled 101,000.30:00Steven McClurg: Bitcoin Spot ETF Race01:14Bitcoin Price-Volatility Correlation Turns Negative

Bitcoin held steady above $30,000 early Monday as producer price index (PPI) data from China suggested the global liquidity-tightening cycle that kicked off early last year and roiled risk assets including cryptocurrencies is nearing its end.China's PPI, a measure of factory-gate prices, fell 5.4% year-on-year in June, the ninth consecutive monthly decline and the steepest…

Bitcoin continued to hover at around $28,000, up slightly on Wednesday, although some traders see the price going up to $30,000 or falling to $25,000 on positive or negative momentum depending on what the Federal Reserve announces about interest rates. Analysts expect the Fed to raise rates by a quarter-point. according to the CME FedWatch…

Oct 9, 2020 at 16:45 UTCUpdated Oct 9, 2020 at 17:33 UTCWhite House, Washington, D.C.(Shutterstock)The Trump Administration is preparing a $1.8 trillion coronavirus stimulus proposal, its largest such offer in negotiations with the Democrat-, the Wall Street Journal reported, citing people familiar with the discussions. Bitcoin (BTC) prices have been buoyed this year as investors…

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 PricesLatest crypto prices. (CoinDesk) (CoinDesk)Top StoriesThe crypto market regained some poise early Tuesday as analysts said supply overhang concerns stemming from defunct exchange Mt. Gox's planned distribution

news U.S. Treasury Secretary Steven Mnuchin said backers of Facebook’s cryptocurrency Libra dropped out of the project over concerns that the stablecoin project would not meet regulatory standards. Speaking on CNBC, Mnuchin said that if Libra wouldn’t meet US money-laundering standards via the Financial Crimes Enforcement Network, it could open them up to enforcement actions.…

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. As anger has grown over the power wielded by internet gatekeepers such as Facebook and…

Donald Trump and the Republican Party at large had a strong 2024 election, winning the presidency, Senate and House. This almost certainly guarantees crypto legislation will advance and become law sometime in the next two years. It also heralds a potentially softer approach from regulators toward the sector. You’re reading State of Crypto, a CoinDesk