Don’t Expect New Bitcoin Highs in 2018

Crypto infrastructure provider Paxos Trust is already working on other stablecoin projects similar to PayPal’s new PYUSD, said Paxos’ head of strategy Walter Hessert on CoinDesk TV on Tuesday.When asked whether Paxos, which issues PYUSD for PayPal, has previously spoken with Elon Musk and X (formerly Twitter) about developing a stablecoin for the platform, Hessert…

Jun 15, 2020 at 20:32 UTCSource: CoinDesk Bitcoin Price IndexMarket Wrap: Bitcoin Drops, Then Pops as Traders See Weaker Markets ComingBitcoin took a hit Monday, only to recover as many market participants see price weakness ahead. Bitcoin (BTC) was trading around $9,426 as of 20:00 UTC (4 p.m. ET), gaining less than a percent over…

May 28, 2020 at 09:02 UTCUpdated May 28, 2020 at 09:07 UTCMinecraft Lego toys (Credit: Shutterstock/Ekaterina_Minaeva)Minecraft, one of the world’s most popular video games, has a new plugin enabling players to place blockchain assets directly into their servers. Built by gaming startup Enjin, EnjinCraft is an open-source blockchain plugin that enables players to spawn assets…

markets View Bitcoin’s current trading range of $3,920–$4,055 could be breached to the downside, as last week’s doji candle created at the key 21- week moving average resistance is signaling bullish exhaustion. A downside break of the trading range, if confirmed, could yield a sell-off toward the support levels lined up at $3,775 and $3,658. On…

news Facebook’s initiative to create an accessible, frictionless, globally-available cryptocurrency and payments network is brushing up against unprecedented regulatory hurdles, at least according to a new report from Reuters. Though the social media company is taking steps to comply with watchdogs around the world, many experts are concerned that it won’t be enough. Facebook’s path…

Dec 10, 2019 at 09:00 UTCUpdated Dec 10, 2019 at 09:05 UTCBitcoin's scheduled mining-reward halving in May 2020 could leave prices for the cryptocurrency in a range between $20,000 and $50,000, according to a new estimate.The projection by Charles Hwang, managing member of the hedge fund Lightning Capital and an adjunct professor at Baruch College,…

NEWS Aug 29, 2018 at 12:30 UTC A special economic zone in China's Guangzhou city is following the lead of Beijing's financial district in banning activities that promote cryptocurrencies. According to a news report from National Business Daily on Wednesday, the finance department of the Guangzhou Development District issued a notice to local businesses on…

news As Amazon offers deep discounts this Prime Day, a few crypto companies are also rewarding their users through special deals during the two-day eCommerce extravaganza. Fold, a payments platform that recently introduced a lightning network protocol, is offering a $5 Amazon gift card for clients that spend over $50 through its platform. “Our goal…

Binance is having a weird moment, perhaps most clearly illustrated by the fact that a national government detained two of its executives for a month now – and one is only free because he seemingly escaped custody.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to