Today’s Close Could be Pivotal for Bitcoin’s Price

Singapore-based on-chain fund protocol Solv Protocol has raised $6 million in a new funding round. Investors in the round included Laser Digital, a subsidiary of Japanese banking giant Nomura Securities. The capital will help the startup expand its team and continue working on the technological development of its platform.Other investors in the round included UOB…

Digital currencies could supersede bank accounts as low-interest rates make them increasingly obsolete. That’s the view of Massimo Buonomo, the UN’s global blockchain expert, who added that digital currencies, particularly central bank digital currencies (CBDCs), could soon “eliminate the need for a bank account” altogether. Speaking on an online panel discussing the future post-coronavirus global…

news Bitwage, a startup that helps companies pay their employees in cryptocurrency, has added ether as a payroll option. Announced Monday, companies that want to offer tax and HR-compliant ether benefits can sign up to offer it as a benefit to employees. The company has been providing direct deposits of bitcoin since 2014, and serves over…

This week, we spoke to experts from across the entertainment, loyalty and gaming sectors about mass adoption. The general consensus? We’re getting closer, though it’ll probably look way more subtle than you think.Also, global footwear giants Nike and Puma announced new partnerships and digital sneaker releases that offer meaningful utility and thoughtful designs.You’re reading The…

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Fran is CoinDesk's TV writer and reporter. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Central bank digital currencies (CBDCs) will be the driving force behind getting more people to use blockchain, Ronit…

CoinDesk 20 Bitcoin Price IndexMarket Wrap: Bitcoin Jumps to $14.2K; Ethereum Gas Usage Grows 113% YTDBitcoin is making gains during the U.S. presidential election uncertainty while Ethereum’s gas data is highlighting a DeFi decline.Bitcoin (BTC) trading around $14,061 as of 21:00 UTC (4 p.m. ET). Gaining 2.2% over the previous 24 hours.Bitcoin’s 24-hour range: $13,545-$14,232BTC…

MARKETS A total of $60 billion has been erased from the value of all cryptocurrencies over the last week, a decline that has many wondering if the ongoing bear market for the asset class has finally come to an end. Defined as a period of depressed activity and sentiment, the bear market has seen the price…

The decentralized exchange (DEX) dYdX announced Tuesday that it is open-sourcing its code, marking the initiation of the exchange’s v4 upgrade and the much-watched transition from a layer-2 network atop Ethereum to a standalone blockchain in the Cosmos ecosystem.Open-sourcing code is at the core of the blockchain ethos, bringing transparency for developers thatallows them to

news Bitcoin.com is in talks to list a bitcoin cash (BCH) futures contract on a regulated exchange, according to David Shin, head of the company’s exchange division.  In an interview with Bloomberg, the Singapore-based Shin said he had early talks to ensure a BCH futures contract would be available on an exchange regulated by the…