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Solana, Avalanche Tokens Slide as Bitcoin Traders Target Eye Support at $38K
Major tokens continued to slide on Tuesday as institutional sales tied to recently launched exchange-traded funds (ETF) weighed down bitcoin (BTC) prices, leading to a more than 20% decline for some tokens in the past week.Solana’s SOL fell 7%, while Avalanche’s AVAX dropped 9% in the past 24 hours, reversing gains from a meme coin-led
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CoinDesk 20 Performance Update: UNI Falls 8.6% as All Market Constituents Trade Lower
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated . CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial
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Developed Countries Have Little Need for CBDCs, Says Bank of Korea Official
news The Bank of Korea has again poured cold water on the idea of adopting a central bank digital currency (CBDC), according to remarks made by an official of the central bank. Based on a CoinDesk Korea report on Wednesday and notes from a conference on payments held on Tuesday in Seoul, Hong Kyung-sik, director of financial…
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WATCH: Where Is the Crypto Market Headed Next Week?
news Arca Chief Investment Officer Jeff Dorman joined CoinDesk’s Brad Keoun on Thursday, Oct. 24, to talk about the current downward trend in crypto pricing and why things may be looking up. (On Friday, bitcoin’s price shot up 13 percent to more than $8,400.) “It’s always difficult real-time to understand what’s causing a price decline or a price appreciation. After…
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There’s a Lot of Thefts Happening
There's been a lot of hacks or other types of theft in the crypto industry recently, which seems likely to continue harming the industry’s reputation (not to mention all the victims losing their money).You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for
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Austin: Where Remote-Work Crypto Developers Actually Choose to Live
Ranked No. 9 overall, Ausin was the 3rd U.S. hub on our list, coming behind Wyoming and Silicon Valley, California. Many of the Crypto Hubs’ criteria were measured on a national basis, so all of the U.S. hubs were hampered by a middling crypto regulatory score, which counted for 35% of the total ranking calculation.…
CoinDesk Mothballs DESK Reward Token Program
CoinDesk has suspended support for DESK, the rewards token that debuted at the virtual Consensus in 2021 and relaunched on the Polygon blockchain in 2022.DESK was an exploration of new ways for a media and events company to engage with its audience. As a customer engagement token, DESK was never intended to have any monetary
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Bitcoin Still Offers Attractive Risk-Reward Ratio, On-Chain Indicator Shows
BTC's reserve risk indicator shows conviction among long-term holders, offering an appealing risk-reward ratio to existing or potential investors. Other indicators based on inactivity of supply also point to strong holding sentiment. While bitcoin's (BTC) price has more than doubled in the past year, the largest cryptocurrency continues to offer an appealing risk-reward ratio for