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U.S. stocks tracked by Nasdaq 100 and S&P 500 fell as much as 3.5% lower on Tuesday to kick off a historically bearish September month. Dominoes Falling (Charl Folscher/Unsplash) BTC briefly fell to $55,500, its lowest since August 8, to reverse nearly all gains in the past month. The August reading of the Institute for Supply Management’s manufacturing index slumped...
Bitcoin whales have been increasingly active lately, gobbling up more crypto as smaller traders feel the pressure and sell their holdings. Bitcoin whales have been increasingly active lately, gobbling up more crypto as smaller traders feel the pressure and sell their holdings. The number of Bitcoin wallets holding 100 BTC or more has just hit a 17-month high, after a...
U.S. Securities and Exchange Commission Chair Gary Gensler is expected to face a U.S. House hearing next month that will likely raise crypto issues. (Jesse Hamilton/CoinDesk) The U.S. House of Representatives' financial-services committee is said to be tackling a ton of crypto issues next month, including DeFi and Securities and Exchange Commission matters. Digital assets will likely be a...
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...