Business – Page 469

Filecoin (FIL) Turns Lower After Previous Strength, Underperforms Broader Crypto Markets

Filecoin FILE$1.1938 gave back previous gains to trade 1% lower over the last 24 hours. as the stock token underperformed broader crypto markets. The broader market gauge, the CoinDesk 20 Index, was modestly higher at press time, trading up 0.2% at 2,662. Trading volatility intensified as the session progressed, with FIL establishing a $0.08 range, […]

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ECB says digital euro is ready, urges EU to act

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European Central Bank President Christine Lagarde said on Thursday that the central bank has completed its technical and preparatory work on the digital euro and that it is now up to the political institutions to act. The project, which aims to create a public digital means of payment, is under review by the European Council

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BTC quickly abandons advance above $89,000

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To the dismay of the bulls, the crypto markets continued their whipsawing action again on Thursday, with large early gains more than reversed in a very short time frame. Occurring over a period of a few hours as opposed to yesterday’s few minutes, the size of today’s reversal was almost as large with leading crypto

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The price of internet computers (ICP) extends the recovery to rise above $3

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ICP$2.8752 rose about 2.2% over the past 24 hours to trade around $3.01, reclaiming the $3 level after several sessions of consolidation just below that threshold. The move marks a continuation of the token’s recent rally, with price action showing a steady series of higher lows, according to CoinDesk Research’s technical analysis data model. The

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US SEC helps brokers with crypto custody, looks into ATS activity

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It’s the brokers’ turn for crypto clarity in the US Securities and Exchange Commission’s series of staff statements that were supposed to reveal their current thinking on how to treat the digital asset space, in this case touching on brokers’ “physical possession” of assets and separately asking some questions about so-called alternative trading systems (ATSs)

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BTC is heading lower while metals are rising

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Bitcoins BTC$89,277.66 sharp rejection of $90,000 on Wednesday was a quick reminder to investors that precious metals like gold and silver are the real winners of the debasement trade, not — at least for now — digital gold. Back in October, JPMorgan analysts said gold and bitcoin both benefited and would continue to benefit from

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Most Influential: Sam Altman

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OpenAI founder Sam Altman is the most recognizable name in artificial intelligence (AI). Since the launch of ChatGPT in late 2022, AI has steadily crept into every corner of daily life, and Altman has emerged as the leading figure driving that shift. As AI has expanded and improved, it has become increasingly intertwined with crypto.

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Uniswap gains 8.4% as all index constituents rise

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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 2718.77, up 2.5% (+65.09) since 4 PM ET Wednesday. All 20 assets are trading higher. Leaders: UNI (+8.4%) and ETH (+3.8%). Backlog: APT (+0.1%) and SUI (+0.3%). The CoinDesk

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BitMEX launches the year-end gala with a prize pool of 3.5 BTC

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BitMEX launches the year-end gala with a prize pool of 3.5 BTC

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US inflation figures surprise, with CPI higher by just 2.7% in November

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US inflation numbers surprised to the downside on Thursday, potentially setting the economy up for continued interest rate cuts by the Federal Reserve next year. The consumer price index (CPI) rose 2.7 per cent. on an annualized basis in November, according to a Thursday report from the Bureau of Labor Statistics. Economists’ expectations had been

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