What Volatility? How Facebook’s Historic Loss Became Crypto’s Gain
Facebook had a bad day in the market this week – and the crypto community quickly pounced.
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FTX CEO Confirms Sushiswap Multisig Migration, Suggests SUSHI Supply Reduction
A few days after receiving control over the popular SushiSwap protocol, FTX CEO Sam Bankman-Fried revealed his personal ideas regarding its future. Those included gradually reducing the total supply after efficiently executing the multi-sig wallet transition. The Backstory: Transferring Control Over SushiSwap The drama started the past weekend when SushiSwap’s lead developer, going by the…
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Rain Acquires Abu Dhabi’s Financial Services Permission
Bahrain-headquartered crypto exchange Rain announced receiving the first Financial Services Permission (FSP) from Abu Dhabi Global Market’s Financial Services Regulatory Authority to operate a virtual assets brokerage and custody service. The license would enable Rain to offer institutional and retail clients in the UAE the ability to buy, sell and store digital assets. The brokerage…
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First Mover Americas: BTC Little Changed as U.S. Election Enters Final Stretch
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 . Latest Prices 00:52 Ether ETFs Saw Biggest Outflows Since July 01:01 Bitcoin Breaks $64K While Gold Soars 00:56 ETH/BTC Ratio Slid to Lowest Since April
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These Metrics Suggest Bitcoin Faces Risk of Further Decline: CryptoQuant
Bitcoin’s latest price correction has the asset hovering around key support levels that could mean more doom for the market. CryptoQuant’s analysts say the cryptocurrency has pierced a key level acting as resistance in this bull cycle, and on-chain metrics are not showing signs of a recovery soon. According to the weekly report, BTC has
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Bitcoin ETFs Secure Approval Exactly 15 Years After Hal Finney’s Iconic ‘Running Bitcoin’ Tweet
“Running bitcoin,” were the words of legendary cypherpunk Hal Finney on Jan. 11, 2009, shortly before becoming the first person to download and receive bitcoin (BTC) two days later.This tweet introduced the world to bitcoin, the then-niche internet token which would balloon into a trillion-dollar asset at its peak.Finney, who died in August 2014, was
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Bitcoin Price Analysis: BTC Consolidates as Huge Move Appears Imminent
Bitcoin is fluctuating sideways, and it has exhausted retail investors. Looking at the market’s low volume and volatility structure, an imminent significant move is expected in the coming days. In the past few days, both bears and bulls struggled to win the game. The price is currently on a critical level (orange box), and breaking…
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Astar Foundation Announces Massive Token Burn: 350M ASTR
[PRESS RELEASE – Tokyo, Japan, July 2nd, 2024] The community has spoken, Astar Foundation, the lead organization overseeing development of Astar Network, has announced a token burn. 5% of the ASTR genesis allocation will be burned, permanently removing these tokens from circulation. The token burn, comprising 350M ASTR tokens, has been confirmed following a governance
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Core Scientific Plans To Exit Bankruptcy By Early January, New Filing Shows
Bitcoin mining firm Core Scientific filed a disclosure statement for its third-amended bankruptcy recovery plan on Monday, which incorporates key terms from its Restructuring Term Sheet filed in late October. The new filing features a concrete timeline for how the firm will gain support for the plan from key stakeholders and emerge from bankruptcy before