This is an excerpt from CoinDesk’s ‘Diary’ newsletter. Sign up here if you haven’t already. Bitcoin climbed to $77,400 and edged higher with other risk assets after earnings reports from the biggest US technology companies helped stabilize markets. The advance came after Apple ( AAPL ) joined peers with an earnings report that improved sentiment […]
The crypto market ticked higher on Friday. Bitcoin BTC$77,264.30 rose 1.25% since midnight UTC to trade at $77,250, and the CoinDesk 20 Index (CD20) added 0.7% with 14 members in the green. The rise comes after bitcoin found support at $75,000 on Wednesday, a price it had previously struggled to climb above. It has now
BTC price holds gains but lacks conviction as derivatives signal caution Read More »
Bitcoin BTC$77,297.96 rose more than 1.2% during the European morning to reach $77,500 for a boost of about 1.7% in the last 24 hours. The broader digital asset market, as measured by the CoinDesk 20 Index (CD20), also ticked higher around 0.95%. Bitcoin’s gains came on above-average volume, with 24-hour activity running 15% above its
Bitcoin edges above $77,000, but institutional activity suggests downside hedging Read More »
McClatchy, the newspaper chain behind publications including The Sacramento Bee, The Miami Herald and The Idaho Statesman, has begun using a new artificial intelligence tool that can summarize traditional articles and spit out different versions for different audiences. Its journalists are not happy about it. Journalists in many of the company’s newsrooms now withhold their
Reporters at McClatchy Hold Bylines in AI Dispute Read More »
A South Korean court overturned Bithumb’s six-month partial business suspension on Thursday, according to Yonhap News. Citing legal sources, the news agency said the 2nd Administrative Division of the Seoul Administrative Court Judge Gong Hyeon-jin had accepted Bithumb’s application for a stay of execution on the same day it was presented. There was no clarification
Bithumb’s six-month suspension in South Korea is overturned by the local judge Read More »
Strategy (MSTR), the largest publicly traded bitcoin BTC$76,987.97 holder, has maintained an 11.5% dividend rate for May on its perennial favorite, Stretch (STRC), marking a third straight month at that dividend rate. The volume weighted average price (VWAP) during April came in at $99.76, which was close enough to its $100 par value to justify
Bitcoin rebounds above $77k as stock markets rally; Iran risks ceiling on the upside
Bitcoin rebounds above $77k as stock markets rally; Iran risks ceiling on the upside Read More »
For oil and gas companies, it has been a profitable war. The energy shock caused by the conflict in Iran, missile attacks on oil and gas facilities in the Persian Gulf and, most crucially, the halt to shipping traffic in the Strait of Hormuz have produced a spectacular bonanza as energy prices have risen. British
The oil companies’ huge profits are reviving calls for temporary windfall taxes Read More »
Ripple-linked xrp tokens are back in positive chatter on social media in a historically contrarian price signal. The token’s positive-to-negative sentiment ratio on social media surged into what Santiment calls the “FOMO zone” on April 29, hitting 3.9 on the firm’s tracker, per data divided by X. The reading is the highest since March 19,
Ripple-linked token zooms to FOMO levels on Japan’s Rakuten partnership Read More »
DeFi can’t stop the bleeding, and Wasabi Protocol is the latest to find out why. The protocol, a perpetuals trading platform built on Ethereum and Base, was drained of about $4.55 million on Thursday after attackers compromised its deployer key, security firm Blockaid said in an X post. The hack is the latest in a
