First Mover Asia: Bitcoin Holds Steady Above $29K as Investors Look Toward Next FOMC Meeting
The largest cryptocurrency by market capitalization was recently trading at about $29,500, up roughly 2.2% over the past 24 hours. BTC topped $30,000 at one point, near its earlier week highs but still well off its April peak close to $31,000. Still, investors seem to have forgotten Wednesday’s dramatic seesawing when the crypto dipped to around $27,200 amid a mass liquidation of short and long positions and separate unfounded rumors of bitcoin sales – by the U.S. government and of crypto from failed exchange Mt. Gox – before rebounding.
Related Posts
Eastern Europe Actively Using Crypto for Illicit Purposes: Chainalysis
Sep 15, 2020 at 15:41 UTCUpdated Sep 15, 2020 at 15:54 UTC(Dmytro Tyshchenko/Shutterstock)A significant amount of cryptocurrencies passes through dark web marketplaces in Eastern Europe, according to Chainalysis. Eastern Europe is actively using crypto for illicit purposes, the blockchain analytics firm said in a recent report. Out of $41 billion in total transaction volume, 1.4%…
Charlie Lee Vows to Keep Funding Litecoin Foundation Amid Pay Cuts
news Litecoin creator Charlie Lee remains committed to funding the Litecoin Foundation despite rumors that its financials are in the red. Lee told CoinDesk the crypto bear market hurt the foundation’s numbers much like other projects. Since 2017, Lee’s donations have accounted for some 80 percent of the foundation’s funding. “The goal, of course, is…
Bequant Launches Crypto Prime Brokerage to Compete for Institutional Money
May 14, 2020 at 17:15 UTCUpdated May 14, 2020 at 17:39 UTCBequant CEO George Zarya (Credit: Bequant)Digital asset services firm Bequant launched a prime brokerage service for institutional clients to have easier access to liquidity, custody, lending and other products, the company announced Thursday. With several services and pools of liquidity under one roof, Bequant is…
Fireblocks Discloses ‘Zero Day’ Vulnerabilities Impacting Leading MPC Wallets
Fireblocks, an enterprise-focused crypto infrastructure firm, has disclosed a set of vulnerabilities – collectively referred to as “BitForge” – impacting a variety of popular crypto wallets that use multi-party computation (MPC) technology.The firm has classified BitForge as a “zero-day” – meaning the vulnerabilities hadn’t been discovered by developers of the affected software prior to disclosure…
Bitcoin Seesaws Around $27K as Investors Digest Binance-CFTC Lawsuit
Alex ThornHead of Firmwide ResearchGalaxyHear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.Alex ThornHead of Firmwide ResearchGalaxyHear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023.Jocelyn Yang is a markets reporter at CoinDesk. She is a recent graduate of Emerson College's journalism program. Alex…
RGB Continues Its Work to Bring Better Smart Contracts to Bitcoin
Sep 14, 2020 at 19:25 UTCUpdated Sep 14, 2020 at 19:26 UTC(Tyler Lastovich/Unsplash)RGB Continues Its Work to Bring Better Smart Contracts to BitcoinThe Takeaway Under development by the LNP/BP Standards Association, the RGB protocol entered beta in June.The second layer network promises to bring smart contracts and tokenized assets to Bitcoin with a Lightning Network-esque…
Bitcoin Tops $49K as Bitcoin ETF Inflows Accelerate
Bitcoin's price topped $49,000 Monday after strong spot bitcoin ETF inflows late last week.Bitcoin ETFs gained net $1.1 billion fresh funds amid slowing GBTC outflows.Bitcoin (BTC) topped $49,000 Monday supported by last week's strong exchange-traded fund (ETF) inflows and signs of institutional accumulation.The largest crypto was hovering around $48,000 earlier during the day before experiencing
‘Nothing Is Decentralized’: Crypto Springs Confronts Tech’s Shortcomings
When Crypto Springs conference co-organizer Meltem Demirors took the stage on Wednesday, watermelon margarita in hand, her "nothing is decentralized" rallying cry drew thunderous applause. That may seem counterintuitive for a poolside gathering of cryptocurrency industry veterans in Palm Springs, California. But the tone distinguishing this event from the plethora of blockchain conferences was an…