Data Shows US Dollar, Not Japanese Yen, Is Dominating Bitcoin Trade

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Bitcoin continued its mid-June surge, soaring to a one-year high above $31,000.The largest cryptocurrency by market capitalization was recently trading at $31,110, up nearly 4%, according to CoinDesk Indices. It is up roughly 20% over the past week.BTC last changed hands over $31,050 last June. It crossed $31,000 briefly on April 10.Bitcoin began spurting earlier…

Bankrupt crypto exchange FTX owns around $417 million of Grayscale’s Bitcoin Trust (GBTC), according to a court filing, and analysts are speculating over what this means for the price of the fund when the estate winds down those holdings.Current FTX management has said its intention is to return funds to creditors in fiat currency rather

Can smarter airdrops help crypto projects build communities and keep speculation at bay?

In April 2022, OpenSea dominated the NFT marketplace with a more than 75% share. But its first mover heyday is long gone after NFTs' boom and bust, and trading is now at a two-year low. NFTs aren't dead, but OpenSea's market dominance is, with its share sliding to some 20%. What happened?Enter Blur, a marketplace

Singapore is investigating seven people offering Worldcoin services. Singapore is investigating seven "subjects" for offering services of buying or selling of Worldcoin accounts and tokens which is an offense, a written reply in parliament by the government revealed on Tuesday. OpenAI founder Sam Altman has founded the retina-scanning crypto startup, Worldcoin. Two Singapore Ministers of

I first got interested in Bitcoin, going on a decade ago now, thanks to some of its more extreme political affiliations. In the wake of the 2008 global financial crisis, investor interest in gold skyrocketed, particularly among survivalists and “preppers.” These “gold bugs” were often extremely libertarian (with hints of what we’d now call the…

Crypto tycoon Sam Bankman-Fried has sued his insurance provider, CNA, for allegedly failing to pay legal costs linked to his defense against fraud allegations.Bankman-Fried has pleaded not guilty to fraud charges levied by U.S. prosecutors in a trial that starts Tuesday. The legal complaint filed against CNA said he is also involved in a dozen

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.Social investing platform eToro will delist a selection of crypto tokens for its U.S. customers in a month's time in response to recent legal action by the U.S.…