Month: July 2020

Bitcoin and ether continue to make gains Friday and stakeholders are increasingly investing their crypto into DeFi. Bitcoin (BTC) trading around $11,333 as of 20:00 UTC (4 p.m. ET). Gaining 2% over the previous 24 hours. Bitcoin’s 24-hour range: $10,974-$11,460 BTC above 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading

Bitcoin’s price jumped to a fresh 11-month high on Friday, with the options market betting on a sustained bull move.  The put-call open interest ratio looks to have risen from 0.50 to 0.63 this week due to greater selling in put options. With the combination of negative skews and a rising put-call open interest ratio,

The editor of the Morning Navigator newsletter discusses a variety of macro topics and how to trade against a very strange market. Today on the Brief: The DXY hits a 52-week low Consumers seeking alternatives to cash  Bank of England rebuilds settlement system to work with CBDCs Our main conversation is with trader and analyst

Michael Casey is on vacation this week. The following essay was written by Marc Hochstein, CoinDesk’s Executive Editor. Once I pried into a stranger’s affairs for no good reason at all. This happened almost 20 years ago, but the story offers an important lesson for those shaping the future of money today.  My wife took a

The Securities and Exchange Commission appears to be interested in Binance’s eponymous blockchain, 132% of ether wallets are in profit and the Bank of Japan is getting serious about CBDC R&D. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to

With the dollar dropping to its lowest level since May 2018 and a reshuffle in Japan’s central bank, CoinDesk’s Markets Daily is back. Today’s Bitcoin News: Bitcoin appears on track to register its best July price performance for eight years and confirm a major bullish breakout in the process.  The dollar index dropped to its

Coinbase is considering listing ampleforth, hedera hashgraph, blockstack and 16 other digital assets in the cryptocurrency exchange’s latest exploratory review. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital

“Though now evolved in many ways,” Gavin Wood wrote in Ethereum’s 2015 yellow paper, “the key functionality of a blockchain with a Turing-complete language and an effectively unlimited inter-transaction storage capability remains unchanged.” Five years and thousands of bits later, Ethereum is still chugging along as a decentralized platform for self-executing code. And it has

Several Ethereum co-founders view the project as a wild success and some are even more bullish now than they were back in 2015, when the cryptocurrency project first launched.   “We brought in an HR person to start building up the team, I brought in my lawyer to be the first lawyer on the project. It

The lead plaintiff in an ongoing class-action lawsuit accusing Ripple of securities fraud has not demonstrated that statements made by CEO Brad Garlinghouse in 2017 are false, Ripple claims in court documents filed Wednesday. See Ripple’s filing in full below: Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the

Five years ago this week, the first general-purpose blockchain went live on mainnet. Ethereum paved the way for a whole new use case for blockchain technology untethered from Bitcoin’s original vision as electronic cash. CoinDesk marked the milestone with a special series of stories, live–streamed conversations and even a pop-up newsletter. These charts first appeared

Bitcoin was little changed at around $11,000 with lower spot volumes as traders eye growth in the market for ether futures. Bitcoin was little changed at around $11,000 Thursday as traders digested reports the U.S. economy shrank during the second quarter at the fastest pace on record, and that President Donald Trump is wondering if

Jenny Leung is a blockchain and fintech attorney at Blakemore Fallon PLLC dba Ketsal.  This year, 2020, is the year social media institutions became systemically important.  This term, “systemically important,” typically describes a financial institution whose failure poses a significant threat to the economy and is thus “too big to fail.” Systemically important financial institutions

A veteran bond strategist gives his take on why the bond market has a better read than equities on short-term and long-term macro trends. Today on the Brief: More bad news from jobless claims and the GDP The big tech hearing was a whole bunch of nothing; watch TikTok instead Robinhood dives into Kodak (but

The dollar on Thursday dropped to its lowest level since May 2018 as the Federal Reserve said it plans to keep interest rates close to zero, and inflation hedges continue to show strength.  Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a

Music is back on the blockchain.  Audius, a streaming service that connects music fans directly with artists, has raised $3.1 million in a strategic round co-led by Multicoin Capital and Blockchange Ventures, with participation from Pantera Capital and Coinbase Ventures.  Audius has now raised a total of $8.6 million as the platform prepares for prime

Cardano hard forked to its proof-of-stake network, token platform tZERO cut staff and compensation, and a derivatives exchange is looking to list on Nasdaq. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here.  Top

The Security Service of Ukraine (SSU) detained terrorists who demanded bitcoin in return for not blowing up buildings in the country’s capital. According to a post on SSU’s Facebook page, two 60 year old men posted a paper note on an apartment building in Kyiv threatening to blow up that building or another one if

The Jack Dorsey-backed token platform CoinList launched an exchange Thursday aimed at institutional traders.  CoinList Pro, modeled after the incumbent rival, Coinbase Pro, is an exchange tailored to trading and buying the new tokens listed by CoinList clients. CoinList launched some of the trendiest cryptocurrency sales to date for non-U.S. and accredited investors, including offerings

With the price of bitcoin hovering near recent highs and some wondering whether we’re poised for a pullback, CoinDesk’s Markets Daily is back for your latest news roundup. Bitcoin’s rally looks overstretched, according to a technical indicator, but short-term price consolidation looks more likely than a drop, say analysts. Originally postponed due to the pandemic,