Hacked Crypto Exchange Bithumb Made $35 Million Profit in First Half 2018
South Korean cryptocurrency exchange Bithumb made net profits of about $35 million in the first half of this year, despite a rough June for the firm.
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Will Bitcoin Win When the Fed Stops Buying Bonds?
Daniel Kuhn is a reporter on CoinDesk's Features team. He owns BTC and ETH.There are things out of the U.S. Federal Reserve’s control. The central bank has a dual congressional mandate to maintain the U.S. dollar’s long-term value and achieve maximum employment, but it’s dealing with a mix of uncertainties as it pursues those goals.Yesterday,…
Bitcoin Price Awaits Next Move as Trading Range Narrows
Bitcoin (BTC) is being squeezed into a tight trading range with neither bulls nor bears having the upper hand, and a decisive move either way will likely set the tone for the next trend going forward. The $1,000 drop witnessed during a 24-hour period in the middle of the last week turned the tide in favor of the…
ConsenSys Confirms Layoffs, Projecting 13% of Staff at Startups to Be Cut
news ConsenSys, the ethereum production studio, is letting go of 13 percent of its staff, according to a company announcement published Thursday and confirmed to CoinDesk by company officials. The move comes on the heels of an announced “re-focusing of priorities” at the Joseph Lubin–funded venture studio. As the company said Thursday: “Excited as we…
Harvest Finance Doubles Total Value Locked to $704M in One Week
Oct 21, 2020 at 16:32 UTCFarmers harvesting, Ethnographic Museum in Avgorou, Cyprus. (Dimitris Vetsikas/Pixabay)Harvest Finance, a decentralized platform that lets users automatically “farm” assets for the highest returns in other decentralized finance (DeFi) projects, now has more than $700 million in total value locked, according to DeFi Pulse, unseating decentralized derivatives exchange Synthetix.The total value…
Swiss Stock Exchange Invests in Institutional Trading Platform for Digital Assets
Feb 26, 2020 at 13:20 UTCUpdated Feb 26, 2020 at 13:21 UTCSwitzerland's leading stock exchange has invested in an institutional trading platform, with plans to use it as a "gateway" into the digital asset space.SIX Swiss Exchange announced Tuesday it has formed a partnership with San Francisco-based institutional solution Omniex to provide SIX and its…
China’s Central Bank Is Partnering With SWIFT on a New Joint Venture
It's unclear what the new group's mission will be, though People's Bank of China employees working on its digital currency efforts will be involved.People's Bank of China HQ in Beijing (humphery/Shutterstock)Feb 3, 2021 at 9:54 p.m. UTCUpdated Feb 3, 2021 at 10:12 p.m. UTCChina’s Central Bank Is Partnering With SWIFT on a New Joint VentureThe…
First Mover Americas: Bitcoin Falls to 2-Month Low
Jamie Crawley is a CoinDesk news reporter based in London.This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.Cardano’s scaling tool Hydra Head has gone live on the blockchain’s mainnet in the latest DeFi-focused upgrade to the…
An F1 Team Might Take a Bored Ape Across the U.S. Grand Prix Finish Line
Crypto exchange Kraken is crowdsourcing which NFTs will adorn an F1 carSix total NFTs will be incorporated on the Williams' car in the raceIf you look closely, you might catch a Bored Ape crossing the finish line during a Formula 1 race this fall.In an ongoing partnership with British Formula One team Williams Racing, crypto…