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On-chain indicators such as the Bitcoin MVRV Z score, Puell Multiple and hodl waves paint a bullish picture for Bitcoin investors. Despite crypto markets having consolidated sideways for the past three months, at least five on-chain indicators suggest the bull market may just be getting started, according to an analyst. Since the end of February, the total market capitalization of...
The stock was the second worst performing among crypto stocks on Thursday. Shares of Coinbase dropped nearly 8% to $202.49 during U.S. morning hours on Thursday. (Alpha Photo/Flickr) Shares of Coinbase fell nearly 8% on Thursday to a price of $202.49. The drop came after a report from the Financial Times that futures exchange CME was considering offering spot bitcoin...
Samil Ramji, who led BlackRock’s ETF business including the launch of the firm’s spot bitcoin product, departed the firm in January. Vanguard is expected to name former BlackRock executive Samil Ramji as its new CEO, people familiar with the matter told the WSJ. (John Keeble/Getty Images) Vanguard named the BlackRock executive who oversaw the firm's launch of its bitcoin exchange-traded...
Bitcoin’s price chart resembles that of just weeks after the 2016 halving as it hovers around a local bottom, according to crypto traders. Bitcoin’s price chart resembles that of just weeks after the 2016 halving as it hovers around a local bottom, according to crypto traders. Bitcoinis replicating the same path as it did after the 2016 Bitcoin halving event,...
CoinMarketCap registered a record 138 memecoins in April, according to one analyst. CoinMarketCap registered a record 138 meme coins in April, according to pseudonymous analyst Crypto Coryo. Fast money has been chasing PEPE and WIF. The meme coin season continues to march forward, undeterred by the stalled rally in bitcoin(BTC). Data tracking website CoinMarketCap listed a record 138 meme coins...
New legislation is on the way to target mixers as money-laundering tools, according to Rep. Sean Casten, who also highlighted Tether as the favorite token for illicit finance. Democrats in the House of Representatives say they'll push a bill to target money laundering in crypto mixing services. (Jesse Hamilton/CoinDesk) A new bill from House Financial Services Committee Democrats is expected...
Bitcoin price on May 3 (CoinDesk) Bitcoin jumped nearly 5% following soft U.S. jobs data. The dovish Fed meeting results mean the U.S. dollar's surge likely topped, helping cryptocurrencies, Coinbase analysts said. Cryptocurrencies bounced on Friday led by bitcoin's(BTC)gain, sparking hopes that the worst of the drawdown might be over. BTC surged almost 5% to briefly above $62,000 during U.S....
The asset manager has been helping educate pension funds, endowments and sovereign wealth funds about the new spot bitcoin ETF products, BlackRock’s head of digital assets said. Financial institutions are holding diligence and research conversations, with BlackRock playing an educational role, said Robert Mitchnick, the firm's head of digital assets. BlackRock has been talking about bitcoin to these sorts of...
Judge Richard Jones said he spent the weekend poring over the voluminous letters of support for the ex-CEO of Binance until the book they were contained in literally fell apart. Binance founder Changpeng Zhao, left, exits a Seattle courthouse after being sentenced to four months in prison. (Danny Nelson/CoinDesk) Ex-Binance CEO Changpeng Zhao may be off to federal prison for...
With MiCA stablecoin rules taking effect in June, CoinDesk reached out to regulators in all 27 EU member states to show where countries are at with implementation. Europe is getting ready to enforce MiCA. (Danielle Rice/ Unsplash) European Union member states are gearing up to enforce MiCA, the landmark crypto law that requires national regulators to license and supervise service...
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