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Vitalik Buterin Takes a Dig at the Metaverse, Calls It a Branding Ploy. Metaverse tokens have a $18 billion market cap, but we're not quite at Ready Player One yet. Vitalik Buterin speaks at BUIDL Asia in Seoul on March 27, 2024 (screenshot) The Metaverse needs a better definition for it to work properly, Vitalik Buterin said at the BUIDL...
Robert Mitchnick, the asset manager’s head of digital assets, said that there’s a misconception that BlackRock will have a “long tail” of other crypto services. (Jim Henderson, modified by CoinDesk) The asset management giant BlackRock’s (BLK) clients have “a little bit” interest in Ethereum, compared to bitcoin(BTC), head of digital assets Robert Mitchnick said. “I can say that for our...
Bitcoin Slips to $65K Amid Stronger Dollar, But Analyst Says the 'Pullback Is Over' Bitcoin price on March 21 (CoinDesk) Bitcoin slipped 5% below $65,000 Thursday, with the U.S. dollar resurging amid the Swiss central bank's interest rate cut. XRP, FIL and ICP defied the slump, while SOL and AVAX declined. Bitcoin completed its correction by rebounding from $60,000 Wednesday...
Disappointing flows into bitcoin ETFs over the past days partly resulted from investors trimming risks ahead of Wednesday's FOMC meeting, one market observer said. Federal Reserve Chair Jerome Powell speaks at the Brookings Institute in Washington, D.C. on Nov. 30, 2022. (Helene Braun/CoinDesk) Bitcoin slightly rebounded after dipping over 15% from last week's record as investors trimmed risks. Wednesday's Fed...
The CFTC-regulated platform will let traders bet on how high ETH will go this year and other price outcomes amid renewed interest in both crypto and prediction markets. Prediction markets are more reliable than other forecasting methods. (J. Paul Getty Museum, modified by CoinDesk) Kalshi will list prediction markets on crypto price outcomes (e.g. "How high will ETH get in...
Nearly 100 million shares of BlackRock’s Bitcoin funds were traded on Thursday, setting a new daily volume record. BlackRock’s spot Bitcoin (BTC) exchange-traded fund (ETF) has notched another daily trading volume record as BTC dropped 6% from its daily high over the United States trading day. Barchartdatafor March 14 shows the iShares Bitcoin Trust (IBIT) traded 99.3 million shares in...
The convertible notes Coinbase wants to sell include provisions aimed at aiding its stock investors. Coinbase CEO Brian Armstrong (Coinbase) Coinbase plans to raise $1 billion through a convertible debt offering, following the path of Michael Saylor's MicroStrategy. The offering has an extra provision, "negotiated capped call transactions," which will ensure less dilution at the conversion. The raise comes after...
The activist investor has previously mostly steered clear of any involvement in crypto. Bill Ackman (Bryan Bedder/Getty Images ) Pershing Square Capital Management founder and CEO Bill Ackman turned some of his attention to Bitcoin(BTC)on Saturday afternoon, cheekily suggesting a scenario in which the price for the world's largest crypto could soar far higher than anyone might imagine. "Bitcoin price...
Bitcoin has already climbed to new all-time high while ether is lagging, but previous market cycles suggest change is coming. ETH price on March 7 (CoinDesk) Bitcoin "sucked up all the attention" recently, but ether could more than double from current prices this year, a Bitwise analyst said. The upcoming Dencun upgrade and excitement around spot ETF applications are key...
Bitcoin's new all-time high Tuesday quickly turned into a bloodbath, flushing out overzealous leveraged traders. Bitcoin price action on March 5 (CoinDesk) Bitcoin hit a fresh all-time high of $69,200 on Tuesday, then tumbled to as low as $59,700 in a violent sell-off. The correction triggered cascading liquidations, flushing out over $1 billion worth of leveraged derivatives positions across all...
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