Bitcoin’s attempt to recover $70,000 earlier this week lasted about 48 hours. The biggest cryptocurrency fell to $65,735 in early Asian hours on Saturday, down 3% over the past day and 2.8% on the week. Wednesday’s rally, which came within touching distance of $70,000, has now given back more than half of its gains as […]
BTC falls to $65,000, Solana, XRP, dogecoin down 6% Read More »
Democrats in the US Senate continue to pile on Binance, asking the Treasury and Justice Departments to investigate its compliance with sanctions and protections against illicit financing following reports of potential terrorist financing. Nine senators, including a few who have been instrumental in negotiating the crypto industry legislation known as the Digital Asset Market Clarity
Why is it important: Ryan VanGrack, Coinbase’s VP of Legal and Global Litigation, sharpens Coinbase’s challenge to state regulators, saying they are trying to rewrite Congress’s authority over derivatives. Coinbase has filed lawsuits in Connecticut, Illinois, Michigan and Nevada after launching prediction markets in partnership with Kalshi. Some of these states issued cease-and-desist letters or
Coinbase’s legal chief says states are ‘gaslighting’ prediction markets Read More »
Citigroup ( C ) plans to launch institutional bitcoin custody later this year, part of a broader push to integrate digital assets into the bank’s traditional financial infrastructure. Nisha Surendran, who heads Citi’s digital asset product development, described the initiative in a speech at the World Strategy Forum on Thursday as an effort to “make
Citi wants to make bitcoin bankable as Wall Street builds native crypto infrastructure Read More »
Ethereum co-founder Vitalik Buterin has published a new blog post on X outlining his latest vision for blockchain scaling, arguing that the network can increase capacity in the short term while laying the groundwork for a longer-term shift to advanced cryptography and data-heavy “blobs” that would change how Ethereum is validated. The post reflects Buterin’s
Vitalik Buterin reveals his bold new plan to solve the network’s scaling problem Read More »
Bitcoin BTC$67,963.04 fell back below $66,000 on Friday in the early US session as rising macro risks scare investors away from risky assets. The biggest crypto has now erased most of Wednesday’s gain, falling 3% from around $68,000 in the past few hours to $65,600 in the morning hours. The Braod market’s CoinDesk 20 index
BTC back below $65,500, MSTR, COIN, CRCL fall amid macro risks Read More »
Multinational bank Barclays (BARC) is exploring the creation of a blockchain platform for payments and other processes, Bloomberg reported on Friday. The London-based financial giant is consulting with potential technology providers about developing such a platform that would compete with JPMorgan ( JPM ) and others in using decentralized technology for banking services. Barclays’ blockchain-based
Barclays explores blockchain platform for payments: Bloomberg Read More »
The UK Gambling Commission is investigating the possibility of allowing crypto payments for licensed betting operators, as part of a wider push for regulations to help combat illegal markets and promote innovation. Chief executive Tim Miller said the regulator wants to explore a “potential way forward” for crypto payments in the UK at the Betting
CoinDesk Indices presents its daily market update highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1920.56, down 2.6% (-51.26) since 4 PM ET Thursday. Three of the 20 assets are trading higher. Leaders: ICP (+3.7%) and DOT (+0.8%). Laggards: SOL (-4.2%) and ETH (-3.7%).
Solana (SOL) falls 4.2%, leading index lower Read More »
By Omkar Godbole (All times ET unless otherwise noted) Oh, bitcoin BTC$65,950.82 price pattern that predicted the last and deepest phases of previous bear markets has reappeared. In mid-November 2018, CoinDesk discussed a bearish flip in long-term averages on a chart that aggregates three days of price action in each candle. It warned that a
