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Bitcoin hit the lowest price since Aug. 19. It was not immediately clear what sparked the sell-off. Cryptocurrencies suffered substantial losses as the U.S. business day came to a close, with bitcoin (BTC) tumbling below $59,000 and Ethereum's ether (ETH) losing almost 10%. Bitcoin had topped $62,700 earlier in the day, but recently was down 6.5% from 24 hours earlier. Amid the rout, it...
Telegram founder Pavel Durov was arrested in France on Aug. 24. Here’s what we know so far and how prominent figures have reacted. Telegram founder and CEO Pavel Durov was detained by French authorities in relation to a search warrant targeting alleged violations of the encrypted messaging platform. According to Le Monde and other French media outlets, Durov was arrested at...
The SEC hit back at Richard Heart’s bid to dismiss its lawsuit, claiming it has sway over him as his alleged illicit securities sales targeted the US. The SEC hit back at Richard Heart’s bid to dismiss its lawsuit, claiming it has sway over him as his alleged illicit securities sales targeted the US. The United States Securities and Exchange...
Distribution of open interest shows bullish sentiment, according to Wintermute. Traders have locked in $345 million in bitcoin options expiring four days after the Nov. 4 elections. Distribution of open interest shows bullish sentiment, according to Wintermute. Crypto traders speculating on how the impending U.S. elections might affect the digital assets industry have locked millions in bitcoin (BTC) options tied to the event....
The X account of Ava Labs’ operating chief, Luigi D’Onorio DeMeo, has been touting memecoins and other suspicious links, prompting many to warn it's likely a phishing scam. The X account of Ava Labs’ operating chief, Luigi D’Onorio DeMeo, has been touting memecoins and other suspicious links, prompting many to warn it's likely a phishing scam. Ava Labs’ chief operating...
Tether CEO Paolo Ardoino. (Tether) Stablecoin regulations pose a threat to Tether's dominance, JPMorgan said in a report. Complying with MiCA means Tether may have to change its reserve management strategy, the bank said. Tether told CoinDesk in a response that "JP Morgan analysts seem to still have a fundamental misunderstanding about how our industry works." Increasing regulation could...
Bettors at one point gave an over 60 percent chance of Trump mentioning digital assets during the interview An interview between Elon Musk and Republican presidential candidate Donald Trump attracted over 1 million listeners on X. Crypto was not mentioned during the two-hour long event. Former President Donald Trump did not mention bitcoin (BTC) or crypto during an interview with X CEO...
Both parties argue the CFTC's move to regulate prediction markets is an overreach, with Dragonfly arguing that the recent 'Chevron' court ruling limits its power. U.S. Commodity Futures Trading Commission in Washington. (Jesse Hamilton/CoinDesk) The CFTC's notice of proposed rulemaking for prediction markets drew various comments from the public, including the crypto industry. Crypto industry stakeholders say the rules are...
While the crypto rally was broad-based, with ETH, SOL, NEAR gaining 8%-10%, prices rarely go up in a straight line following major capitulation events such as Monday's crash, one observer noted. Bitcoin price on Aug 8 (CoinDesk) Cryptocurrencies continued their rebound higher on Thursday with bitcoin (BTC)nearing $60,000 for the first time since last weekend's carnage. Bitcoin advanced 6.4% over the...
Death Cross. (Unsplash) BOJ's Uchida downplayed rate hike concerns amid market volatility. The anti-risk yen slides while BTC and stock futures rise after Uchida's comments. The renewed risk-on hints at a possible bitcoin death cross bear trap. It appears bitcoin's (BTC) impending death cross, a bearish technical pattern, will again live up to its reputation as a contrary indicator, presaging renewed...
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