OKEx Confirms $9M Clawback After ‘Enormous’ Bitcoin Futures Position Fails

Apr 29, 2020 at 11:31 UTCFirst Mover: For Bitcoin Prices, Inflation Headlines May Matter More Than the RealityBitcoin traders love to talk about inflation – especially the possibility that consumer prices might eventually shoot up due to the trillions of dollars of new money injected into global markets this year by the Federal Reserve and other…

CLabs, the developer behind the Celo blockchain, are proposing to transition from an independent layer-1 blockchain to an Ethereum layer-2 solution.The team announced the proposed move over the weekend on Twitter.The existential change could simplify liquidity sharing between Celo and Ethereum while boosting security and facilitating a seamless developer experience, according to the post. Celo…

Users of the Ethereum restaking pioneer Eigenlayer, many of whom are about to be rewarded with a massive airdrop of a new EIGEN token, are voting with their dollars. In response to what some have called Eigen Labs’ overly complicated white paper and relatively limited rewards, users have withdrawn about 150,000 ether (ETH), worth about

Daniel AlegreCEOYuga LabsHear from Yuga Labs new CEO in his first public appearance since assuming the position.Daniel AlegreCEOYuga LabsHear from Yuga Labs new CEO in his first public appearance since assuming the position.Cam Thompson is a news reporter at CoinDesk.Daniel AlegreCEOYuga LabsHear from Yuga Labs new CEO in his first public appearance since assuming the…

Last week's mining revenue eclipsed the previous record set in mid December 2017. Weekly bitcoin mining revenue estimates since 2017Feb 15, 2021 at 1:44 p.m. UTCBitcoin Miners Posted $354M in Revenue Last Week, Breaking Record From 2017Bitcoin miners set a new record for weekly revenue after bringing in $354.4 million last week. Mining revenue growth…

news Jesse Edwards, one of the co-founders of R3, has left the enterprise blockchain company, CoinDesk has learned. Edwards, a former Sandler O’Neill investment banker, helped found R3 back in 2014 with CEO David Rutter and ex–Standard Chartered executive Todd McDonald. In a statement provided by R3 to CoinDesk, Edwards said: “It’s true that my…

Rep. Tom Emmer (CoinDesk archives)US Lawmakers Advocate for Blockchain Use in COVID Relief EffortsMembers of Congress are urging the federal government to use blockchain solutions to boost COVID relief efforts. In a Wednesday letter addressed to the U.S. President Donald Trump and federal officials, lawmakers said blockchain technology can help identify and authenticate individuals set…

news Market intel from Goldman Sachs suggests investors should capitalize on the current price dip and buy bitcoin. In a series of slides prepared by a technical analysis team and sent out to some institutional clients, Goldman included one that said the short-term target for bitcoin (BTC) is $13,971 and that investors should consider buying…

Bitcoin (BTC) fell to $30,600 soon before press time, with part of the pullback from the 13-month high of $31,500 happening after a blowout U.S. ADP private employment report hit the wires at 12:15 UTC, according to CoinDesk data.The ADP report surprised markets in a big way to the upside, showing 497,000 private-sector jobs added…