Cryptocurrency Miner Hive Blockchain Passes $1B Market Value

First Mover: It Might Be Getting ‘Silly’ as Bitcoin Passes $39K, $40K, $41K

Why Joe Biden’s $3T Stimulus Package Could Add Fuel to Bitcoin’s Rally

Grayscale CEO Says Crypto Interest Is Rising From Pension, Endowment Funds

Michael Sonnenshein, the new CEO of digital asset manager Grayscale Investments, said Friday that a wider range of institutional investors are now taking an interest in cryptocurrency. “We’ve started to see participation not just from the hedge fund segment, which we’ve long seen participation from, but now it’s recently from other institutions, pensions and endowments,†[…]

$41,000: Bitcoin Continues to Forge New Highs

Another day, another record high for bitcoin’s price. The top cryptocurrency printed a new peak price of $41,026 soon before press time, surpassing the lifetime high of $40,123 reached on Thursday, according to CoinDesk 20 data. Year-to-date gains are now over 40%. Prices have more than doubled in less than a month in a move […]

Why Is Bitcoin Going Up, and Will It Crash Soon? What’s Next as Price Doubles to $40K

Bitcoin’s prices reached all-time highs above $40,000 less than a month after breaking $20,000 for the first time. Since the start of the most recent rally, ostensibly begun in October, its value has increased fourfold.  So for pros and newbies alike, or if you want to be the cryptocurrency expert at your next Zoom party, […]

Bitcoin Goes Institutional, Ethereum Spreads Its Wings: CoinDesk Q4 2020 Review

If the 2020 Q1 was the quarter of market turmoil, Q2 the bitcoin halving and Q3 the explosion of stablecoins and decentralized finance applications, Q4 was the quarter of institutional FOMO for bitcoin and of Ethereum launching the first phase of its ambitious migration to a proof-of-stake (PoS) blockchain. The latest CoinDesk Quarterly Review looks […]

SoFi to Go Public Through SPAC Merger at $8.6B Valuation

Lending fintech Social Capital (SoFi) said Thursday it will go public through a merger with a special purpose acquisition company. The online lending platform, which has a digital asset trading subsidiary, agreed to merge with venture capital backer Chamath Palihapitiya’s Social Capital Hedosophia Holdings Corp V IPOE.N. The deal values SoFi at $8.65 billion, according […]

Market Wrap: Bitcoin Reaches $40.3K While DeFi Value Locked Inflates to Over $22B

Large trading volumes in the bitcoin spot market are helping push prices upward to a fresh record high. Ethereum-based DeFi value locked is also setting records, with rising crypto values playing a part. Bitcoin (BTC) trading around $39,143 as of 21:00 UTC (4 p.m. ET). Gaining 8.4% over the previous 24 hours. Bitcoin’s 24-hour range: […]

Bitcoin Miners See Revenue Per TH/s Nearly Triple in 3 Months

Bitcoin mining revenue has nearly tripled in the past three months measured by dollars per terahashes per second (TH/s). In early October, miners were earning roughly $0.078 per TH/s. Following bitcoin’s parabolic price rally, that revenue has soared by 265%, reaching $0.284 Thursday. Not since early August 2019 has miner revenue reached these levels, according […]

‘Bitcoin Rich List’ Rebounds to Hit All-Time High

The number of addresses holding over 1,000 bitcoin (worth of approximately $37.5 million at the current price) is now at 2,334, a new all-time high, after the number dropped at the end of December by 3.7% to 2,221. This is an indication “whales†(large bitcoin holders) have been bullishly accumulating more bitcoin and driving the […]

Ignoring Outages, Coinbase Futures Set Record Highs as Bitcoin Rally Continues

Pre-public offering futures for leading U.S.-exchange Coinbase hit $311 Thursday on derivatives exchange FTX amid bitcoin’s parabolic price rally and despite the Coinbase’s ongoing “connectivity issues.†The exchange suffered “connectivity issues” for six hours yesterday, with the same problem resurfacing today. The company said it is working to implement a fix in its latest status […]

Coinbase Suffers ‘Connectivity Issues’ Again as Bitcoin Hits Another Record

Leading U.S.-based cryptocurrency exchange Coinbase is suffering connectivity issues for the second consecutive day amid bitcoin’s parabolic price rally. Coinbase’s status page posted an issue with users connecting to the exchange’s interface at 15:50 UTC. The company said s currently investigating the issue. Yesterday, Coinbase experienced the same issue, per its status page. The problem […]

Bitcoin Miner Bitfarms Closes $15M Brokered Private Placement

Canadian bitcoin mining firm Bitfarms (BITF) closed a fully subscribed private placement of common shares worth CAD$20 million, or over $15 million. Bitfarms announced the sale Sunday, per a prior release. In total, the sale consisted of 8,888,889 shares. CEO Emiliano Grodzki said, “It has never been such an exciting time to be a part […]

First Mover: $1 Trillion of Cryptocurrencies Shows Booming ‘Asset Class’

Bitcoin rose for a third straight day, pushing early Thursday to a new all-time high price above $38,000 and setting bullish traders’ sights on $40,000. “Momentum has been building over time, and it’s anyone’s guess where or when we might eventually top out,†Mati Greenspan, founder of the foreign-exchange and cryptocurrency analysis firm Quantum Economics, […]

XRP Climbs Back up Crypto Rankings With Near 50% Rise

XRP is shrugging off its recent price woes with a double-digit rise Thursday. The cryptocurrency was trading near $0.35 soon before press time, representing a nearly 50% gain on a 24-hour basis. As a result, XRP‘s market capitalization has increased to $33.88 billion, moving it above litecoin as the fourth-largest cryptocurrency, according to CoinDesk 20 […]

Bitcoin Tops $38K for First Time, a Day After Racing Past $36K, $37K

Continuing its torrid run, Bitcoin topped $38,000 for the first time Thursday, a day after the leading cryptocurrency rocketed past $36,000 and $37,000. The price of bitcoin set a new-all time high of $38,146.62, before settling down to $27,916.75, up 8.59% over the last 24 hours. Between Wednesday afternoon and early evening, bitcoin passed $36,000 and […]

CME Becomes Biggest Bitcoin Futures Exchange as Institutional Interest Rises

Chicago Mercantile Exchange (CME) has taken the prime spot on the list of the biggest bitcoin futures trading platforms, indicating a continued rise in institutional participation. With an open interest of $2.1 billion, the CME accounted for 19.09% of the global tally of $11 billion on Wednesday – the highest among major exchanges tracked by […]

Record Expected Ether-Bitcoin Volatility Points to Altcoin Season Ahead: Analyst

The options market is signaling an impending change in the market focus – from bitcoin to relatively undervalued ether and other alternative cryptocurrencies. The spread between the six-month implied volatility (IV) for ether and bitcoin – a measure of the expected relative price volatility between the two – has risen to a record high of […]

FiCAS’ Actively Managed Crypto ETP Gets Green Light for European Expansion

Swiss crypto investment manager FiCAS AG says it has received regulatory approval to make its cryptocurrency exchange-traded product (ETP) available across the European market. FiCAS announced Thursday it now has permission to make its 15 FiCAS Active Crypto ETP (BTCA) available to a wider pool of investors outside of the Swiss market. The company launched […]

Total Cryptocurrency Market Value Hits Record $1 Trillion

The total value of all cryptocurrencies passed $1 trillion Wednesday for the first time ever, per CoinGecko‘s index of 6,124 assets. At its prior peak in late 2017, the market’s total capitalization was just above $760 billion, according to TradingView. Bitcoin represents roughly 69% of the market’s value, according to Messari. Traders aren’t surprised by […]

Maker’s MKR Token Surges to 2-Year High on DeFi Growth

Prices for MKR, an Ethereum-based governance token, surged to their highest levels in more than two years on Wednesday. MKR was trading at $1,068.53 as of press time, up 44% in the past 24 hours. However, it was trading at $1,251.14 earlier in the day, close to its Jan. 21, 2018, record of $1,798.70. Analysts […]

Market Wrap: Bitcoin Blows Past $36.1K While Traders Clamor for Ether Options

Retail buying through PayPal is likely helping push bitcoin’s price higher while traders are hoping to get into an ether options market with potential volatility similar to March 2020. Bitcoin (BTC) trading around $36,122 as of 21:00 UTC (4 p.m. ET). Gaining 5.7% over the previous 24 hours. Bitcoin’s 24-hour range: $33,875-$36,122 (CoinDesk 20) BTC […]

Bitcoin Sets New All-Time High, Roaring Above $36K

The price of bitcoin set yet another all-time high this year, as the leading cryptocurrency crossed $36,000. The price of bitcoin surged past $36,000, reaching a new-all time high of $36,286.65, before settling down to $36,004.99, up 5.93% over the last 24 hours. It continues a wild start to 2021 and follows a landmark year in which […]

Cryptocurrency Mining Firm Marathon’s Market Cap Passes $1B

Nasdaq-listed cryptocurrency mining firm Marathon Patent Group reached a total market value of $1 billion as its shares surged Wednesday to more than three year highs of over $17.00. Shares of the Las Vegas-based company have soared over 1,700% in the past 12 months. Bitcoin gained roughly 330% over the same period. Marathon has been […]

Iranian Authorities Close 1,620 Illegal Cryptocurrency Mining Farms: Report

Iranian authorities shut down 1,620 illegal cryptocurrency mining farms that collectively used 250 megawatts of electricity over the past 18 months, per a report by Financial Tribune. A spokesperson for the power company Tavanir, whose electricity these miners reportedly used, said, “Tavanir is strict in dealing with unauthorized miners, those who use subsidized power, such […]

Crypto Exchange Voyager to Suspend Trading of XRP

Voyager Digital announced it’s suspending trading in embattled token XRP, becoming the latest cryptocurrency to do so. Voyager said it will suspend trading in XRP, effective Monday, Jan. 18, at 12:00 p.m. New York time. Customers will still be able to maintain custody of XRP on Voyager and make withdrawals after that date. Crypto exchanges […]

Kraken Users Are Staking More Than $1B in Crypto

More than $1 billion worth of cryptocurrencies have been staked through Kraken’s staking service, the crypto exchange announced on Tuesday. A third of that amount is in ether, roughly more than 300,000 ETH, according to a spokesperson from the San Francisco-based crypto exchange. Other popular cryptocurrencies on Kraken’s staking services include tezos (XTZ) and polkadot […]

Coinbase Is Down, Experiencing ‘Connectivity Issues’

The homepage of leading cryptocurrency exchange Coinbase is currently inaccessible, and the leading cryptocurrency exchange tweeted that it’s experiencing “connectivity issues†on both the website and mobile app. The story is developing and will be updated as more information is available.

Enterprise Blockchain Is at a Private-Public Crossroads

Looking back 12 months, our (Prysm’s) review of 2019 was naive, to say the least. We cited challenges to a successful 2020 for enterprise blockchain. And, while those predictions were not far off, they were overshadowed by a global shore-up of innovation budgeting, a mountain of layoffs and just about every other form of disaster […]

First Mover: Bitcoin Hits Record as `Blue Wave’ and `Kimchi Premium’ Look Bullish

Bitcoin (BTC) rose for a second day, surging to a new all-time high price of $35,751, based on CoinDesk’s Bitcoin Price Index. The jump came as votes were tallied from Tuesday’s special U.S. Senate runoff elections in the state of Georgia, where Democrats appeared on the cusp of gaining two seats that would deliver President-elect […]

Stellar’s XLM Token Rallies to 2-Year High on XRP Woes, OCC Ruling, Ukraine

Payments-focused Stellar blockchain’s native cryptocurrency XLM has surged to over two-year highs. One analyst says the rally is driven by rival cryptocurrency XRP’s misfortunes and the U.S. Office of the Comptroller of the Currency’s (OCC) recent guidance on stablecoins. XLM changed hands at $0.2990 at 11:00 UTC, the highest level since November 2018. The third-largest […]

Veteran Investor Bill Miller Calls Bitcoin a ‘Rat Poison,’ but for Cash

Investor Bill Miller, whose flagship mutual fund in 2020 beat the S&P 500 for the straight second year, said he believes bitcoin could replace cash and markets are underpricing inflation risk. “Warren Buffett famously called bitcoin rat poison. He may well be right. Bitcoin could be rat poison, and the rat could be cash,†Miller […]

Bitcoin Sets New All-Time High Above $35K

Bitcoin bulls pushed the leading cryptocurrency to fresh all-time highs above $34,700 Tuesday night after a couple days of choppy price action kept traders guessing which direction the market would head next. Bitcoin jumped nearly 12% Tuesday to top the previous record high of $34,544.94 set this past Sunday after a dizzying climb over the […]

BitGo Launches Wrapped Bitcoin, Ether on Tron Blockchain

BitGo’s Ethereum-based tokenized bitcoin project, Wrapped Bitcoin (WBTC), has expanded to its second blockchain, Tron. The crypto custodian has also launched Wrapped Ether (WETH) on Tron as well. BitGo clients are already minting WBTC and WETH as TRC-20 tokens on Tron, according to the company’s public orderbooks. After a few test mints executed by BitGo […]

Market Wrap: Bitcoin Breaks $34K as Ether Futures Interest Jumps $350M in a Day

Higher-than-average spot volume, even for the past month, is helping push bitcoin’s price upward at a time when traders are plowing into ether futures at a quick pace to open 2021. Bitcoin (BTC) trading around $33,987 as of 21:00 UTC (4 p.m. ET). Gaining 8.9% over the previous 24 hours. Bitcoin’s 24-hour range: $29,986-$34,220 (CoinDesk […]

Market Wrap: Bitcoin Breaks $34K as Ether Futures Interest Jumps $350M in a Day

Higher-than-average spot volume, even for the past month, is helping push bitcoin’s price upward at a time when traders are plowing into ether futures at a quick pace to open 2021. Bitcoin (BTC) trading around $33,987 as of 21:00 UTC (4 p.m. ET). Gaining 8.9% over the previous 24 hours. Bitcoin’s 24-hour range: $29,986-$34,220 (CoinDesk […]

Bitcoin Retail FOMO Brings a Heap of ‘Kimchi Premium’ to S. Korea

The “kimchi premium†has returned. Price premiums for bitcoin on South Korean exchanges have hit two-year highs, indicating retail investment interest in cryptocurrencies is surging in that country. However, analysts and traders warn that certain market players could take advantage of arbitrage opportunities, resulting in short-term price volatility. The “kimchi premium,â€Â  named for a popular […]

The Pandemic Was Just the Catalyst

In his 2017 book, “Zero Hour: Turn the Greatest Political and Financial Upheaval in Modern History to Your Advantage,†Harry Dent forecast a catastrophic economic crash would hit us no later than early-2020.  Dent saw the developed world arriving at the pointy-end of a long and unsustainable period of technological progress and growth, which was […]

CoinDesk Acquires TradeBlock, Adding Indexes and Pricing to News, Events Offerings

Cryptocurrency media and events platform CoinDesk, which owes this news service, Tuesday announced it has purchased TradeBlock, the world’s leading crypto index provider. With the purchase, CoinDesk said it’s positioned to be the leading source of crypto news, information and data for the rapidly growing sector which has seen a flood of interest and investment […]

First Mover: As Bitcoin Rally Pauses, DeFi Keeps Astounding

Bitcoin (BTC) was lower, after the quick reversal of a brief rally late Monday reportedly spurred by the U.S. Office of the Comptroller of the Currency’s decision to let banks participate in blockchain networks and use stablecoins as payments.  “Bitcoin has started 2021 with a stark reminder that volatility is the norm,†Matt Blom, head of sales and trading […]

Bitcoin Bounces Back Above $31K After Monday’s Drop

Bitcoin is trading higher on Tuesday, and the bull market is looking less overheated than it did a day ago. At press time, the top cryptocurrency by market value is changing hands near $31,590, representing a 5% gain on a 24-hour basis. Bitcoin had dipped by 15% to near $28,000 during Monday’s European trading hours. […]

JPMorgan Predicts Bitcoin Price Could Rise Over $146,000 in Long Term

Investment banking giant JPMorgan has called a long-term bitcoin price target of over $146,000 based on the assumption that the cryptocurrency will grow in popularity as an alternative to gold, Bloomberg reports. “A crowding out of gold as an ‘alternative’ currency implies big upside for bitcoin over the long term,†strategists led by Nikolaos Panigirtzoglou […]

Crypto Markets Jump on OCC Approval for Banks to Use Blockchains

Cryptocurrency prices jumped Monday evening as digital asset markets reacted positively to a letter published by the U.S. Office of the Comptroller of the Currency (OCC) approving U.S. banks to use public blockchain networks. Ether jumped nearly 12% on the letter’s release, given Ethereum’s dominance as a stablecoin payment settlement protocol. Bitcoin also gained 5% […]

Market Wrap: Bitcoin Briefly Drops Close to $28K as Ether Futures Heat Up

Over-leveraged bitcoin investors in the derivatives market led to Monday’s sell-off while ether spot and futures markets are starting to get a lot more attention. Bitcoin (BTC) trading around $31,444 as of 21:00 UTC (4 p.m. ET). Slipping 5.7% over the previous 24 hours. Bitcoin’s 24-hour range: $28,154-$33,562 (CoinDesk 20) BTC slightly below its 10-hour […]

SkyBridge’s Bitcoin Cache Rises to $310M

Skybridge Capital, the hedge-fund investing firm headed by Anthony Scaramucci, confirmed its launch of a new bitcoin fund Monday and said its exposure to bitcoin has already reached $310 million. The announcement, made in a press release, comes a week after CoinDesk reported on the fund’s launch, citing a marketing brochure that was circulating among […]

Bitcoin Mining Machine Shortage Worsens as Bitmain Sells Out Through August

Even though leading bitcoin mining manufacturer Bitmain doubled prices to capitalize on overwhelming demand resulting from the surge in the price of bitcoin, it still pre-sold three months of inventory in a few weeks. In early December, Bitmain was pre-selling bitcoin ASIC miners with an expected shipping date of May 2021, per CoinDesk’s prior reporting. […]

Bitwise’s Crypto Assets Under Management Rise Fivefold in Just 2 Months

Bitwise Asset Management, a provider of crypto index funds, says its assets under management (AUM) have now passed the $500 million mark – up from $100 million reported in late October. The company said Monday that its Bitwise Bitcoin Fund and Bitwise Ethereum Fund have seen increased demand in the fourth quarter of 2020 from […]

First Mover: Bitcoin’s Plunge to $31K Shows How Bullish Market Had Become

Bitcoin (BTC) suffered its biggest pullback in four months, tumbling 9% after a seven-day winning streak that took prices to a new all-time high of $34,347 on Sunday. “Bitcoin is having a much-needed reset,†Matthew Dibb, co-founder, and COO of Stack Funds, told CoinDesk. Some analysts saw signs that cryptocurrency traders might be rotating out […]

DeVere Group CEO Sold Half of Bitcoin Holdings at All-Time High

Nigel Green, CEO of U.K.-based financial advisory firm deVere Group, has said he sold 50% of his bitcoin holdings over Christmas as the cryptocurrency’s price surged to record levels. In a blog post late last week, Green said that as bitcoin hit over $34,000 per coin, he made the decision to sell half his holdings, […]

Bitcoin Suddenly Drops 13% as Altcoins Continue to Rise

Bitcoin has shed much of the weekend’s stellar gains, as relatively cheap alternative cryptocurrencies play catchup with the crypto market leader. At the press-time price of around $29,000, bitcoin is down over 13% on a 24-hour basis, according to CoinDesk 20 data. Prices have declined by well over $4,000 in the last two hours, having […]

Ether Price Passes $1,150 to Hit Highest Since January 2018

Ether, the native cryptocurrency of the Ethereum network, chalked up fresh multi-year highs early on Monday after a double-digit rally last week. At around 06:35 UTC, ether, the second-largest cryptocurrency by market value, reached $1,151 – a level last seen in January 2018, according to CoinDesk 20 data. Prices rose over 40% last week to […]

Crypto Long & Short: Looking Back on a Monumental Year

The first Crypto Long & Short of 2021 has a different format: Instead of the usual article, I’ve asked some leading industry analysts – from Kaiko, IntoTheBlock, skew.com and Arcane Crypto – to share their favorite charts with you. The depth and quality of metrics available to market observers has grown by leaps and bounds […]

DOGE’s Gone Wild! Meme Coin Soars After Adult Star Says She’s a HODLer

The price of dogecoin (DOGE) has more than doubled since the start of the new year after an adult star tweeted she’s been a HODler, a price move that could stoke concerns the recent surge in crypto prices is fueling irrational speculation. “Been HODLing my $Doge since 2014. MUCH PATIENCE. TO THE MOON  #dogecoin,” tweeted Angela White […]

Ether Trades Above $800 for the First Time Since 2018

Ether (ETH) prices soared on Sunday, trading above $800 for the first time since March 2018. The native currency of the Ethereum network hit a nearly three-year high of $819.65 before settling back to $810.67 at press time, a 10.6% gain in the last 24 hours. The second-highest cryptocurrency by market cap, the total value […]

Bitcoin Races Past $34K for First Time, Less Than 24 Hours After Blowing Through $30K

Another day, another $1,000-plus increase in bitcoin’s price, bringing the leading cryptocurrency’s combined gains this new year to about $5,000. The price of the leading cryptocurrency surged past $34,000 for the first time ever early Sunday morning (NY Time), extending a record-setting holiday rally and adding an immediate exclamation point to the Bitcoin Network’s 12-year […]

Bitcoin Options on Deribet Now Go to $200K After Recent Surge

The folks over at Deribit apparently think the recent explosion in the price of bitcoin (BTC) from $20,000 to around $32,000 in just over a month, including a 10% rise in the last 24 hours, merits offering traders the ability to bet on a rally to $200,000 by late December. That supersedes the $160,000 option […]

Bitcoin Worth $1B Leaves Coinbase as Institutions ‘FOMO’ Buy: Analyst

On-chain data shows big money continues to chase bitcoin amid the frantic bull run. That’s a sign of institutions catching the “FOMO†bug, according to one analyst. Institution-focused Coinbase Pro exchange registered an outflow of over 35,000 bitcoin worth more than $1 billion early Saturday, according to data source CryptoQuant. The large outflow comes a […]

Bitcoin Hits $30K for 1st Time Ever; HODLers Get a New Year’s Gift

The price of bitcoin (BTC) crossed $30,000 for the first time ever on the second morning (NY Time) of the new year after setting an all-time high the day before, all in all starting 2021 in notable fashion following a remarkable year – and month – by the leading cryptocurrency. Bitcoin hit a high of […]

Bittrex to Delist Privacy Coins Monero, Dash and Zcash

Bittrex announced Friday it will be delisting Monero (XMR), Zcash (ZEC) and Dash (DASH), continuing a trend of delisting privacy coins by cryptocurrency exchanges. In a release, the exchange said markets in the coins will be removed on Friday, Jan. 15, at 23:00 UTC. While Bittrex gave no reason for the removals, exchanges around the […]

Market Wrap: Bitcoin Closes 2020 Near Record Highs

The Takeaway: Bitcoin nearly triples its price in 2020 and ends the year close to $29,000 but ether gained 450%. Bitcoin (BTC) trading around $28,963 as of 21:00 UTC (4 p.m. ET), gaining 1.5% over the previous 24 hours. Bitcoin’s 24-hour range: $27,916.63 – $29,280.05 (CoinDesk 20) Bitcoin prices, Dec. 30 – Dec. 31, 2020. […]

Bitcoin Mining Machine Maker Ebang to Launch Crypto Exchange in 2021; Shares Rise

Bitcoin mining equipment maker Ebang announced Thursday it is preparing to officially launch a cryptocurrency exchange in the first quarter of 2021. Shares of the Nasdaq-listed mining equipment manufacturer rose on the news, jumping to as high as $6.18-share, before settling down to $5.71 at the time of this writing, up 16%. Ebang said it […]

EToro USA Becomes Latest Exchange to Suspend XRP Trading

The U.S. division of Israeli crypto exchange eToro is suspending XRP trading for its customers effective next month. The exchange announced Wednesday it would stop facilitating XRP purchases or conversions for U.S. customers effective Jan. 3, though customers can still withdraw XRP from their eToro wallets to other unaffiliated addresses. It’s he latest crypto trading […]

Number of People Holding Lots of Bitcoin Surges in Rare ‘Whale-Spawning Season’

Large investors continue to accumulate bitcoin, possibly putting upward pressure on the cryptocurrency’s price. The number of whale entities – clusters of crypto wallet addresses held by a single network participant holding at least 1,000 bitcoin – rose to a new record high of 1,994 on Wednesday. The previous peak of 1,969 reached in 2016 […]

Bitcoin Hits $29K for First Time Ever, Raising HODLer Hopes for $30K by New Year’s

The price of bitcoin (BTC) crossed $29,000 Wednesday evening for the first time ever, pushing further into record territory after hitting what had been an all-time high earlier in the day. With the day’s surge, the leading cryptocurrency resumed its rapid upward pace after seeming to be catching its breath on Monday and most of […]

Market Wrap: Bitcoin Nears $29K While Ether Options Trader Makes Long-Shot Bet

The takeaway: Bitcoin (BTC) trading around $28,775 as of 21:00 UTC (4 p.m. ET). Gaining 7.3% over the previous 24 hours. Bitcoin’s 24-hour range: $26,796.90 to $28,969.90 (CoinDesk 20) BTC above its 10-hour and 50-hour moving averages, a bullish signal for market technicians. Another day, another all-time high in bitcoin as the cryptocurrency changed hands […]

BitGo to Pay $93K to US Treasury to Settle 183 ‘Apparent’ Sanctions Violations

Bitcoin custodian firm BitGo agreed to pay $93,830 in a settlement pact with the U.S. Treasury over 183 “apparent violations†of multiple sanctions programs. Because of deficiencies related to the company’s compliance procedures, BitGo failed to prevent persons in the Crimea region of Ukraine, Cuba, Iran, Sudan and Syria from using its non-custodial wallet service, […]

Binance US Says It Will Delist XRP on Jan. 13

Cryptocurrency exchange Binance announced that embattled token XRP will be delisted from Binance.US on Jan. 13, 2021, becoming the latest exchange to do so. The story is developing and will be updated.

VanEck Proposes ETF for Bitcoin, Once Again

As 2020 draws to a close, one of the prior proponents for an exchange traded fund (ETF) based on Bitcoin is trying again: VanEck has submitted an application to the U.S. Securities and Exchange Commission (SEC) for the “VanEck Bitcoin Trust.†An ETF is seen as advantageous because it trades on the stock market much […]

Genesis to Suspend XRP Trading, Lending

Digital currency prime broker Genesis is halting XRP trading and lending in light of the SEC’s lawsuit against Ripple. According to an email sent to clients and shared with CoinDesk, the firm, which is owned by CoinDesk parent company Digital Currency Group, is suspending XRP trading and lending. Clients will have until January 15 to […]

Bitcoin Prices in 2020: Here’s What Happened

For many reasons 2020 will loom large in future textbooks on financial history.  This year saw the biggest drop-off in economic output since the Great Depression, the biggest spate of money printing in the Federal Reserve’s 107-year history spurred by a coronavirus pandemic, an epochal shift toward remote working and negative prices for crude oil […]

Bitcoin Sets New All-Time High of $28,570.02; Bulls Back in the Driver’s Seat

The price of bitcoin (BTC) exceeded the all-time high set this past Sunday, rising to $28,570.02, roaring back a day after the leading cryptocurrency had dropped to as low as $26,226.70. BTC topped the previous high-water mark of $28,352.63 set this past Sunday morning ET before dropping back to $28,517.35, up 7.49% in the last […]

Bitcoin Sets New All-Time High of $28,502.02; Bulls Back in the Driver’s Seat

The price of bitcoin (BTC) exceeded the all-time high set this past Sunday, rising to $28,570.02, roaring back a day after the leading cryptocurrency had dropped to as low as $25,875.05. BTC topped the previous high-water mark of $28,352.63 set this past Sunday morning ET before dropping back to $28,406.35, up 7.34% in the last […]

Coinbase Underpaid Women, Black Employees, NY Times Reports

An analysis of internal pay data shows leading cryptocurrency exchange Coinbase underpaid its female and Black workers at a much greater rate than exists in the technology industry, the New York Times reported. The report comes on the heels of another New York Times expose in November that painted a picture of a company that “has […]

Market Wrap: Bitcoin Down to $26K but Traders Remain Bullish

Few seem to be bothered by bitcoin’s volatility on Tuesday, as the No. 1 cryptocurrency by market capitalization declined to the $26,000 level after its first-ever trades above $28,000 on Sunday. Many market participants are convinced retail and institutional investors will push bitcoin’s price higher after the holiday lull. Bitcoin (BTC) trading around $26,937.67 as of […]

Polkadot Surges After Binance Home Page Listing, $10M Endorsement

Prices for Polkadot (DOT), the native token of Polkadot network, the cross-chain protocol for data and asset interoperability, have risen more than 40% in the last week after two votes of confidence by Binance, the biggest crypto exchange by spot trading volume. At the time of writing, Polkadot’s price was at $7.21, according to data […]

What Are Stablecoins?

A “stablecoin†is a type of cryptocurrency whose value is tied to an outside asset, such as the U.S. dollar or gold, to stabilize the price. Cryptocurrencies such as Bitcoin and Ethereum offer a number of benefits, and one of the most fundamental is not requiring trust in an intermediary institution to send payments, which […]

Crypto.com to Delist, Suspend XRP in the US After SEC’s Ripple Suit

Cryptocurrency exchange and finance platform Crypto.com said Monday night it will delist and suspend trading in the U.S. of XRP, the cryptocurrency behind the U.S. Securities and Exchange Commission lawsuit against Ripple Labs last week. Effective Jan. 19, 2021 at 10am UTC, XRP will be delisted and trading suspended from the Crypto.com App in the U.S.  Crypto.com’s […]

Opyn Upgrade Aims to Add Capital Efficiency and Liquidity to DeFi Options Market

Opyn, a marketplace for decentralized finance (DeFi) options, has rolled out a host of new features in its updated protocol that aim to make the crypto options markets more efficient and liquid. While Opyn entered DeFi with an insurance-like product for governance tokens such as compound, its focus has since pivoted to the options market […]