The Crypto Market Just Hit a Low for 2018
Cryptocurrency investors continue to turn risk averse as the total cryptocurrency market capitalization sinks to a new annual low.
Related Posts
Tron
Justin Sun founded the Tron Foundation in Singapore in 2017 with the aim of creating a protocol that could “decentralize the internet” and support decentralized applications. Beginning on Ethereum, it migrated onto its own blockchain in 2018, and Sun has now directly positioned Tron as a competitor to Ethereum. According to the foundation, the July…
Hype or Hope? A Meeting of the Minds for the Benefit of Crypto
opinion Noelle Acheson is a veteran of company analysis and a member of CoinDesk’s product team. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for institutional investors interested in cryptoassets, with news and views on crypto infrastructure delivered every Tuesday. Sign…
New Flexa Tech Will Let You Spend Bitcoin From Other Apps Too
news The merchant payments startup Flexa will soon allow any other app to run payments in crypto just like its own SPEDN app has since May. Staking with the company’s Flexacoin (FXC) will enable apps to trustlessly provide payments to merchants without any danger of malicious apps reversing a transaction after Flexa has transferred funds.…
COMP Token Rises by 50% in 4 Days Amid Flurry of Whale Activity on Binance
The native token of decentralized finance (DeFi) protocol Compound (COMP) has surged by more than 50% in four days following a spike in volume and outflows on Binance.COMP was trading at $45.98 at press time, doubling in value from its June 10 low of $22.89 and rising by 51.4% since Sunday, according to TradingView data.Blockchain…
Genesis-DCG Propose to Settle Lawsuit: Bankruptcy Filing
Digital Currency Group (DCG) and Genesis Global have reached a re-payment plan to settle their lawsuit, according to a new bankruptcy filing.In September, Genesis filed a lawsuit against DCG, alleging wrongful possession of over $620 million in loans and seeking repayment, interest, and fees amidst Genesis' ongoing bankruptcy proceedings.So far, DCG has paid approximately $227.3
Binance Users in China, Elsewhere, Evade KYC Controls With Help of ‘Angels’: CNBC
Christy Goldsmith RomeroCommissionerU.S. Commodity Futures Trading CommissionExplore the policy fallout from the 2022 market crash, the advance of CBDCs and more.Christy Goldsmith RomeroCommissionerU.S. Commodity Futures Trading CommissionExplore the policy fallout from the 2022 market crash, the advance of CBDCs and more.Greg Ahlstrand is CoinDesk's Asia News Editor. Greg has no significant crypto holdings.Christy Goldsmith RomeroCommissionerU.S.…
Margin Lenders Lost $13.5 Million in May to Poloniex Crypto Crash
news Crypto exchange Poloniex revealed in a post Thursday that lenders in its bitcoin margin lending pool suffered a loss of 1800 BTC — roughly $13.5 million at current market prices — due to a flash crash in the Clams (CLAM) market on May 26. Poloniex’s peer-to-peer margin system includes both lenders and borrowers, the…
Team Behind Celsius Bidder NovaWulf Starts New Firm Called Valinor
Key team members behind NovaWulf, the digital asset investment firm that bid for bankrupt crypto lender Celsius, have formed a new firm called Valinor, according to an email reviewed by CoinDesk.“We are excited to share the news that we are launching a new investment entity, Valinor, to pursue investment opportunities related to blockchain and financial