Even at $30, Bitcoin Was More Exciting Than Poker

Proof-of-stake is a method of maintaining the integrity of a cryptocurrency, preventing users from printing extra coins they didn’t earn. While a different method, called proof-of-work, is currently used by Bitcoin and Ethereum – the two largest cryptocurrencies by market capitalization – Ethereum has plans to migrate to proof-of-stake to make the platform more scalable…

Bitcoin mining revenues since January 2019Bitcoin miners enjoyed a 7% increase in revenue during July, driven by higher network fees and increased transaction volume as bitcoin (BTC) rallied to new yearly highs above $11,400. BTC miners generated an estimated $300 million in revenue in July, up from $281 million in June, and the first monthly…

news Members of the U.S. House of Representatives questioned Financial Crime Enforcement Network (FinCEN) director Kenneth Blanco about Facebook’s planned cryptocurrency Thursday. Representatives Emanuel Cleaver, II (D-MO), Trey Hollingsworth (R-IN), Bill Foster (D-IL) and French Hill (R-AR) held a briefing with members of the House Financial Services Committee, discussing the Libra project with Blanco, who…

news IBM and Indian telecom company Tata Communications have joined the governance council of Hedera Hashgraph, a blockchain-like public network for enterprises. Now, eight of the 39 available spots for governing council members are filled, the network announced Monday. “Our goal is to create the most decentralized governing body of any of the major public…

Sage D. Young is a tech protocol reporter at CoinDesk. He owns a few NFTs, gold and silver, as well as BTC, ETH, LINK, AAVE, ARB, PEOPLE, DOGE, OS, and HTR. A Lido community member, who goes by the screen name “lidomaxi,” created a governance proposal Wednesday to increase the utility of Lido’s native governance…

The products on the chopping block include the 21Shares Crypto Layer 1 ETP (LAY1), the 21Shares DeFi 10 Infrastructure ETP (DEFII), 21Shares S&P Risk Controlled Bitcoin Index ETP (SPBTC), the 21Shares S&P Risk Controlled Ethereum Index ETP (SPETH) and the 21Shares USD Yield ETP (USDY), which will all close after the April 6 trading day.…

Dec 16, 2019 at 16:27 UTCBitcoin was flat this weekend but there are some bullish signals. Plus we talk about some weird news out of Canada, arrests in Asia after a suspect extortion plot, and one bright spot for blockchain in Asia...Tune in as CoinDesk podcasts editor Adam B. Levine and senior markets reporter Brad…

Dec 6, 2019 at 13:18 UTCUpdated Dec 6, 2019 at 13:37 UTC Bitcoin’s monthly MACD histogram, a lagging indicator, has turned bearish for the first time since May. A break below the recent low of $6,511 is needed to validate the MACD’s bearish turn. That level may come into play if prices find acceptance under…

On Friday, leading crypto options exchange Deribit will settle bitcoin and ether options contracts worth $9.5 billion and $5.7 billion, respectively.Deribit’s Luuk Strijers told CoinDesk that many options are set to expire in-the-money (ITM), which could inject upward pressure or volatility into the market.Dealer hedging could also breed volatility around $70,000, FRNT’s David Brickell said.The