Ethereum Classic Tops $2 Billion to Set 3-Month Price High
The price of ether classic, the cryptocurrency that powers ethereum classic, is on the rise at press time amid news of major exchange listings.
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SEC Orders Salt Lending to Refund Investors in Its $50M ICO
Sep 30, 2020 at 14:42 UTCUpdated Sep 30, 2020 at 14:44 UTCThe U.S.’s top financial watchdog has ordered Salt Lending to offer investors refunds for its 2017 initial coin offering (ICO).The Securities and Exchange Commission (SEC) told Salt Lending, a protocol offering dollar-denominated loans collateralized by cryptocurrencies, it had fourteen days to begin the process…

Market Wrap: Derivatives May Reduce Miner Selling Pressure After Bitcoin Halving
Daily chart (CoinDesk BPI)Market Wrap: Derivatives May Reduce Miner Selling Pressure After Bitcoin HalvingWith less than a week to go before the expected May 12 halving event, bitcoin's price is swinging upward. The crypto derivatives market is helping to hedge the uncertainty on which way the bitcoin market will go when miners have less revenue…

Crypto Observers Decode Large Block Trade in Ether Options
On Tuesday, a large ether (ETH) trade involving call options expiring in June and September crossed the tape on Deribit, sparking discussions in the trading community about the nature of the flow.Per data tracked by Amberdata, On Tuesday, a single entity booked a large block trade that involved the purchase of over 57,000 contracts of…

WATCH: Breaking Down the Libra Hearings
news The Senate Committee hearing on Facebook’s Libra is happening now and CoinDesk LIVE is here to keep you up to date on the the current state of Facebook’s foray into cryptocurrency. Please join us live at CoinDesk’s studios as we talk to six experts on crypto, government, and Facebook’s efforts. We’ll be streaming these discussions right…

PancakeSwap DAO Votes For “Aggressive Reduction” of CAKE Token Inflation
The “version 2.5” tokenomics proposal would move CAKE toward a “deflationary model” by slashing the token rewards paid to traders and stakers by over 68%. The so-called CAKE “emissions” on Syrup Pool, PancakeSwap’s main liquidity pool on BNB Smart Chain, would drop by 94% under the proposal.

Crypto Exchange Coinbase Receives License To Operate in Bermuda
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Helene is a U.S. markets reporter at CoinDesk, covering the US economy, the Fed, and bitcoin. She is a recent graduate of New York University's business and economic reporting program.Join the most important conversation in crypto and Web3 taking place…

Bitcoin Price Consolidation Continues, Downside Break Looks Likely
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…

Ripple CEO Hits Out at Reports Claiming Firm Is Pivoting From Interbank Payments
Aug 14, 2020 at 09:41 UTCUpdated Aug 14, 2020 at 09:54 UTCRipple CEO Brad Garlinghouse (Credit: Zack Seward/CoinDesk archives)The CEO of Ripple has firmly criticized the Financial Times for saying the creator of the third-largest cryptocurrency was moving away from wholesale cross-border payments. On Twitter late Thursday, CEO Brad Garlinghouse said "Ripple has absolutely no…