GMO’s Cryptocurrency Business Made $2.3 Million Profit in Q2

Ether has bounced off its 200-week simple moving average, reinforcing long-term support. Bitcoin fights to stay above $62K while attempting to break past key resistance levels, including the short-term holder realized price at $61,998. Ether (ETH) rose 2.5% in the past 24 hours, trading at around $2,434. More importantly, the second largest cryptocurrency has found

A ban on cryptocurrency had been in effect for almost two years before it was overturned by the Supreme Court in March 2020.Indian Prime Minister Narendra Modi (Getty Images)Jan 29, 2021 at 6:30 p.m. UTCUpdated Jan 29, 2021 at 6:34 p.m. UTCIndia Would Ban Private Cryptocurrencies Under Proposed LegislationThe Indian Parliament will consider a government-introduced…

Ether is down over $7.5% and is trading above $3100. Ether's decline comes as ETHE outflows continue and tech giant Nvidia trades in the red. Ether (ETH) is down over 7.5% in the first hours of East Asia's business day, trading hands above $3100 as the market continues to be concerned about outflows from Grayscale's

May 6, 2020 at 03:16 UTCUpdated May 6, 2020 at 03:34 UTCNervos co-founder Kevin Wang (Credit: CoinDesk archives)Nervos Aims to Spur Blockchain Development With New Incubator Headed by Industry VetPublic blockchain network Nervos has launched a virtual incubator for early-stage startups building decentralized applications (dapps). Dubbed CK Labs, the incubator will fund startups developing their dapps…

Putting Pressure on Bitcoin’s Lightning Network Vulnerabilities Will Strengthen ItThe Lightning Network is a young protocol, and it’s going through some technical growing pains as its tech stack grows and its network expands. While most of the vulnerabilities (covered in part one of this series) are neither protocol-breaking nor easy to exploit, they’re still reminders…

A recent report published by the New York Office of the Attorney General (OAG), which claimed several cryptocurrency exchanges it investigated are vulnerable to market manipulation, has drawn backlash from industry players. In a blog post published Thursday, Coinbase's chief policy officer, Mike Lempres, wrote that the OAG's assertions in the report have led to misrepresentation of…

Feb 12, 2020 at 15:06 UTCUpdated Feb 12, 2020 at 15:21 UTCVoyager founder and CEO Steve Ehrlich (right) image via CoinDesk archivesVoyager has acquired the retail-focused Circle Invest app from Circle, the companies announced Wednesday.According to an email sent to Circle Invest users, Voyager is in the process of converting accounts to its own platform,…

Jun 25, 2020 at 16:05 UTCBlockchain Bites: Rethinking Libra, Craig Wright and Something Smells Fishy in BlockchainTop financial authorities are rethinking what a “basket-backed” stablecoin means for monetary sovereignty. The Bank for International Settlements (BIS) issued a new report claiming stablecoin initiatives like Libra haven’t driven central banks to explore CBDCs, Craig Wright is heading…