Coinbase, Hut 8 and Other Crypto Stocks Rise as Bitcoin Surpasses $27.6K

Stablecoin issuer Tether said that it will discontinue support for Omni, a Bitcoin layer used for USDT transfers since 2014.Tether will also relinquish support for Kusama (KSM) and Bitcoin Cash (BCH) SLP implementations, according to the announcement.Omni is a software layer built on top of the Bitcoin blockchain. It was designed to enhance the features…

feature Lebanon is far from a poster child for cryptocurrency adoption. News of Lebanese banks shuttering to prevent a bank run was met with predictable enthusiasm from the global bitcoin commentariat. People in Lebanon can no longer send foreign currencies, mainly dollars and euros, abroad. Further, due to heavily restricted banking access and limited liquidity…

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Brandy covers crypto-related venture capital deals for CoinDesk. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Layer 1 blockchain contributor Sei Labs has raised $30 million across two strategic funding rounds. The funding…

May 21, 2020 at 10:08 UTCBitcoin prices look to be struggling with buyer exhaustion, having put in a negative performance in the last 24 hours despite positive developments on both the macro and technical fronts.The top cryptocurrency by market value fell from $9,760 to $9,100 during Wednesday’s U.S. trading hours, even though major investment banks…

Bankruptcy trustee EY is trying to resolve a dispute over how to value cryptocurrencies recovered from QuadrigaCX.Toronto's skyline.(Roland Shainidze/Shutterstock)Jan 20, 2021 at 9:22 a.m. UTCUpdated Jan 20, 2021 at 9:30 a.m. UTCTrustee of Collapsed Exchange Moves to Resolve Crypto vs. Fiat Creditor Claims TussleErnst and Young (EY), the bankruptcy trustee for the defunct exchange QuadrigaCX,…

Featured SpeakerAlex ThornHead of Firmwide ResearchGalaxyHear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.Jamie Crawley is a CoinDesk news reporter based in London.Featured SpeakerAlex ThornHead of Firmwide ResearchGalaxyHear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.Billionaire investor Warren Buffett described bitcoin (BTC) as…

news Another flash crash has occurred for bitcoin (BTC), this time appearing on the Coinbase Pro and Deribit exchanges. At 19:55 UTC on Oct. 31, BTC’s spot price dipped from $9,260 to $9,055 in quick succession on Coinbase’s exchange for professional traders. An hour later, Deribit, a futures and options exchange for BTC, saw futures…

Aug 31, 2020 at 10:41 UTCUpdated Aug 31, 2020 at 10:44 UTCAn Electrum wallet user claims to have lost a fortune in bitcoin after installing an older version of the software from a malicious source. In a Sunday post on GitHub, the individual described the loss of more than 1,400 bitcoin (worth around $16.2 million…

news ASX-listed games maker Animoca Brands is to develop a MotoGP-branded race management game. In a press release on Thursday, Animoca said the freshly inked deal gives it a three-year global licensing agreement with MotoGP rights holder Dorna Sports to develop and publish the game and related digital collectibles. The firm also revealed that it’s raised 1 million…