News
Entertainment
Science & Technology
Life
Culture & Art
Hobbies
News
Entertainment
Science & Technology
Culture & Art
Hobbies
British Columbia Maintains Bitcoin Mining Ban Despite Vancouver’s ‘BTC-Friendly City’ Motion - CurrencyCrypt
While Vancouver's City Council has passed a motion to explore becoming a 'bitcoin-friendly city', British Columbia still has a province-wide ban on mining BTC until December 2025. B.C.'s bitcoin mining ban began in December 2022 to address energy concerns, and it faced a legal challenge from Conifex Timber, which the B.C. Supreme Court upheld in
Bitcoin Traders No Longer Chasing Record Price Rally Like Before, Options Data Show - CurrencyCrypt
While bitcoin (BTC) continues to reach new lifetime highs, the latest options market trend indicates that traders aren't chasing the uptrend with the same zeal as before. On Monday, BTC's price rose above $107,000, surpassing the previous peak on Dec. 5 and taking the cumulative post-U.S.-election gain to over 50%, CoinDesk data show. Story continues
Revolut to Strengthen Crypto Fraud Protections With Added Security, Risk Scores - CurrencyCrypt
Fintech giant Revolut plans to extend its battle-tested security wrapper, Revolut Pay, to crypto customers from the start of 2025 to improve protection against fraudulent attacks. As it stands, Revolut says, there is limited visibility into card transactions and bank transfers its crypto customers make with exchanges, potentially exposing them to higher levels of fraud
Bitcoin Grapples with $100K as Rally on Trump’s Crypto-Positive Comment Fizzles - CurrencyCrypt
Appearing set for a run to a new record high earlier on Thursday, bitcoin (BTC) fell sharply in U.S. afternoon trading as tumbling bond markets took a toll on risk assets. The positive price action came as President-elect Donald Trump said "we're going to do something great with crypto" while ringing the opening bell at
Solana Was the Biggest Draw for New Crypto Developers in 2024: Electric Capital - CurrencyCrypt
The ranks of cryptocurrency developers held steady in 2024, as some recent entrants left the industry while veterans mostly stuck around, according to a report released Thursday by Electric Capital. Story continues below The total developers working in crypto worldwide was basically flat, declining a statistically insignificant 7% from a year earlier, and the number
LINK Surges to 2021 Levels as Trump’s World Liberty Buys More Chainlink Tokens - CurrencyCrypt
Donald Trump-backed World Liberty Financial just increased its holdings of Chainlink’s LINK token. The project purchased another $1 million worth of LINK late Thursday, data shows, for the second straight day, increasing its LINK stash to $2 million worth of tokens. It additionally brought $246,000 worth of Aave’s AAVE, taking total token holdings to $1.2
Haliey Welch’s $HAWK Shows Why We Need Better Standards for Memecoins - CurrencyCrypt
Haliey Welch, widely recognized as “Hawk Tuah,” transformed her fleeting viral fame into a formidable media empire. With a burgeoning social media presence (230K followers on Instagram), lucrative brand partnerships, and the successful podcast Talk Tuah, Welch appeared to be transitioning from internet personality to business mogul. That was until the 22-year-old launched her memecoin,
Ethereum’s Justin Drake Sees No Threat From Solana, Says Its ‘Golden Era’ Will End - CurrencyCrypt
Ethereum developer Justin Drake said his comprehensive proposal to overhaul the second-largest blockchain's consensus layer isn't about catching up with a rival, it's about sticking around for the long haul. Drake unveiled the proposal, known as the Beam Chain, at Ethereum's biennial Devcon gathering in Bangkok last month, at a time when the network's native
Why Corporates Will Default to Public Chains in the Future - CurrencyCrypt
For the last decade, financial institutions have defaulted to closed, private blockchains for digital assets over open, permissionless systems. Many, if not most of the world’s biggest banks and financial institutions have invested in, and tested out digital assets on private, permissioned blockchain networks. None of them have achieved traction with customers, businesses or institutional
Bitcoin Jumps to $99K as Spiking Coinbase Premium Points to Strong U.S. Buying - CurrencyCrypt
Bitcoin (BTC), which had traded in a tight range for most of Wednesday, suddenly surged toward $100,000 during the U.S. afternoon, nearing a milestone price that it's been unable to bust through for weeks. After briefly dipping below $95,000 around midday, BTC later jumped nearly 5%, hitting a $99,177 session high, CoinDesk data shows. The
Bitcoin Hits Major Milestone of $100K, Nears $2 Trillion Market Value - CurrencyCrypt
Bitcoin's price has surged past the $100,000 mark for the first time in its history, fueled by institutional demand, corporate accumulation and heightened expectations of crypto-friendly policies under Donald Trump's presidency. Story continues below Now ahead about 130% year-to-date, bitcoin's market capitalization has risen to just shy of $2 trillion only 15 years after coming
‘Hawk Tuah’ Sensation Haliey Welch’s HAWK Token Goes Live - CurrencyCrypt
Viral personality Haliey Welch has released her official token on the Solana blockchain, the latest in a long line of celebrity tokens floated on the network. Welch went viral earlier this year after using a "hawk tuah" onomatopoeia to describe a sexual act. "Hawk Tuah" quickly became a phase used for memes across social platforms
Bitcoin Aims For $80K as Futures Premium Soars and Whopping $1.6B in Open Options Bet Hints Price Swings - CurrencyCrypt
Elsewhere, open interest in the $80,000 strike BTC call, offering an asymmetric upside potential to buyers beyond the said level, increased above $1.6 billion, according to data source Deribit. Traders have been piling into the $80,000 call since before the U.S. election, anticipating a breakout before the end of year-end.
Why Bitcoin Will Soar Above Its Fresh Record: Van Straten - CurrencyCrypt
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence
The Unique Way the Solana Trading Ecosystem Is Making Bank - CurrencyCrypt
By the numbers: Tether's USDT and Circle's USDC stablecoins have produced $93 million and $28 million in revenue, respectively, in the last seven days, according to DefiLlama data, while the Ethereum, Tron and Solana networks saw $19 million, $11 million and $9.6 million. Solana-based protocols and trading bots, meanwhile, are right behind. Trading bot platform
Bitcoin Smashes $79K in Bullish Weekend Pump, With $280M Bearish Bets Liquidated - CurrencyCrypt
A liquidation occurs when an exchange forcefully closes a trader's leveraged position due to the trader's inability to meet the margin requirements. Large-scale liquidations can indicate market extremes, like panic selling or buying. A cascade of liquidations might suggest a market turning point, where a price reversal could be imminent due to an overreaction in
What Next for Bitcoin After Trump Win? Traders Look to Fed Rate Cuts as BTC Sets New Highs at $76K - CurrencyCrypt
“A 25bps rate cut is widely anticipated, with the market pricing in a 96.8% probability of such a move (according to FedWatch),” shared Min Jung, research analyst at Presto Research, in a note to CoinDesk. “However, the rates market has been signaling uncertainty, evidenced by the benchmark 10-year Treasury yield climbing to 4.48%, its highest
The Protocol: Elections, Schmections. Blockchain’s Got Work to Do - CurrencyCrypt
TRUE CONCESSION: It turns out that making money in crypto isn't quite as easy as it might seem: Crypto buyers, burned so many times over the years, are quite leery of newcomers — and skeptical when it comes to examining new token offerings. That appears to be the case for World Liberty Financial, the crypto
Ether Surges 10% as Trump Victory Brings Back DeFi Bullishness - CurrencyCrypt
“In fact, some foundational DeFi projects, like Aave, have even surpassed their 2022 peak in several metrics. Aave’s quarterly revenue has surpassed that of 4Q21 — considered the height of the last bull market,” Cheong said. “This signals that DeFi is maturing and entering a new phase of productivity, poised for long-term scalability.”
Polymarket Projects a GOP House, Clinching Trump Trifecta - CurrencyCrypt
"Markets aren't perfect, but they're the best mechanism we've got, for discounting not only future cash flows but future uncertainties," Pidot said. "So markets generally benefit from models to the extent they can incorporate them in their pricing. But if you're looking for the best fair odds, look at market prices, not legacy forecasters."
How This Crypto Hedge Fund Nailed the Trump Trade - CurrencyCrypt
The result? It has been Lekker’s most successful trade since the fund was launched six months ago, Thompson told CoinDesk. He declined to give exact numbers. SOL has surged 13% in the last 24 hours and isn't far from multi-year highs. AI-related bitcoin miners such as Core Scientific (CORZ), Hut 8 (HUT) and HIVE (HIVE)
Bitcoin Blasts Past $76K for First Time as Violent Crypto Rally Liquidates Nearly $400M Shorts - CurrencyCrypt
"It's hard to think how the election outcome could have landed better for the industry, and expectations of key regulatory improvements are likely to build in the coming months and quarters," David Lawant, head of research at crypto prime brokerage FalconX, said in a Wednesday report. "Such clarity could open room for additional crypto ETF
Crypto Lobby Group CCI Expands Its Reach by Absorbing Proof of Stake Alliance - CurrencyCrypt
Alison Mangiero, POSA's executive director, will remain at the helm of the project as it comes under the CCI umbrella, according to a Wednesday statement from the groups in which Mangiero called it a "pivotal step forward." The staking industry alliance, whose members include crypto-oriented firms such as Andreessen Horowitz, Ava Labs and Paradigm, had
Hong Kong SFC to Establish ‘Consultative Panel’ for Licensed Crypto Exchanges - CurrencyCrypt
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence
Bitcoin Tops $70K for First Time in More Than Four Months - CurrencyCrypt
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence
Dogecoin Jumps 10%, Outperforming on Trump Popularity as Bitcoin Nears $70K - CurrencyCrypt
The largest and oldest market cap canine-themed crypto has been closely associated with Trump lately after Elon Musk, who has been increasingly involved with the Republican candidate's campaign, proposed the “Department of Government Efficiency,” abbreviated to D.O.G.E., focused on reining in U.S. government spending.
Hong Kong Considering Tax Concessions for Crypto Investments - CurrencyCrypt
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence
Bitcoin Surges Above $71K as Wild Crypto Market Pump Sees $175M in Shorts Liquidated - CurrencyCrypt
The move led to over $143 million in shorts, or bets against higher prices, to be liquidated in the past 12 hours, which may have contributed to a price spike higher as traders closed losing bets. BTC shorts lost $73 million, followed by $39 million on ETH shorts, data from CoinGlass shows.
US Crypto Regulation Needs a Hard Fork - CurrencyCrypt
The term “security” is defined to include, among other things, any stock, note, bond or investment contract. Federal courts have consistently held that crypto assets, in and of themselves, are not securities, but may be sold as the object of an investment contract security. Of course, instruments such as common stock and warrants are securities
Tether’s Paolo Ardoino: ‘If the U.S. Government Wanted to Kill Us, They Can Press a Button’ - CurrencyCrypt
"We may not be the best in presenting ourselves, but what matters is that we onboarded the FBI" to Tether's compliance systems, he added. "We onboarded the U.S. Secret Service. We have thank-you letters from the DOJ … We think we are doing, you know, the best we can."
FTX’s $228M Settlement With Bybit Brings Conclusion of Epic Liquidation Closer - CurrencyCrypt
"We are pleased to be in a position to propose a chapter 11 plan that contemplates the return of 100% of bankruptcy claim amounts plus interest for non-governmental creditors," the bankrupt FTX's liquidation CEO John Ray said in a statement when the final plan, which was based on a recovery of as much as $16.3
As Hong Kong Firms Downsize, Animoca Built a Workspace the Size of 10 Tennis Courts - CurrencyCrypt
“We went from 7,500 square feet to 28,000 square feet,” said Evan Auyang, president of Animoca Brands, during an interview with CoinDesk. “It’s a renter’s market right now in Hong Kong, and we saw this as the perfect time to create a collaborative space not just for us but for other companies in our portfolio.”
Astria, Project to Decentralize Crucial Blockchain ‘Sequencers,’ Goes Live With Main Network - CurrencyCrypt
The project is among those aiming to decentralize blockchain "sequencers" – the component of a layer-2 network that compiles transactions happening on the secondary network, in order to record them on a main layer-1 blockchain, like Ethereum. Metis, a layer-2 network for Ethereum, has developed its own decentralized sequencer, for example.
Crypto.com v. SEC Is a Bold, ‘Bet the Company’ Case - CurrencyCrypt
And so, somehow, Crypto.com has reached the precipice. If it wins the first “ripeness” issue and is allowed to bring its case, little stands in its way. Its arguments on the merits are strong, and there are few courts more sympathetic to those arguments than E.D.Tex. From there it would go to the Fifth Circuit,
The Promise of Trustless Environmental Monitoring - CurrencyCrypt
Additional applications extend far beyond methane detection. The system can be adapted to monitor air quality in urban areas, water quality in rivers and lakes, and identify deforestation hotspots. By incorporating a more horizontal protocol approach to standardized data formats and interoperability, the system can seamlessly integrate data streams from various monitoring applications for a
MicroStrategy’s ‘Nav Premium’ Shouldn’t be Feared, Says Benchmark, Raising Price Target to $245 - CurrencyCrypt
Benchmark believes MicroStrategy’s business model justifies the premium to NAV and that traders should focus on the company’s BTC Yield. Introduced by Saylor and team earlier this year, Bitcoin Yield tracks the effectiveness of bitcoin investments by measuring the percentage change over time of the ratio between MSTR’s bitcoin holdings and its fully diluted share
The Fed’s Rate Cut Trajectory Remains Intact, Boosting the Crypto Outlook - CurrencyCrypt
In 2021-2022, when inflation was exploding higher, the average pace of monthly growth was 0.6%. In other words, CPI expanded at roughly 7.2% per year. But as interest rates shot up, the pace of monthly growth has slowed. In 2023, the average month-over-month growth was 0.3%, or 3.6% annualized, while year-to-date it has averaged 0.2%,
NYSE, Cboe Win SEC Approval for Bitcoin ETF Options - CurrencyCrypt
In its NYSE approval, the SEC wrote that it believes options on the bitcoin ETFs "would permit hedging, and allow for more liquidity, better price efficiency, and less volatility with respect to the underlying Funds," as well as "enhance the transparency and efficiency of markets in these and correlated products."
What to Expect Over the Coming Week in Crypto: Scroll Enters the Frame - CurrencyCrypt
Scroll was selected by Donald Trump-affiliated project World Liberty Financial to be the layer-2 blockchain of choice, with a planned deployment along with its debut on Ethereum. (Although as chronicled by CoinDesk this week, initial demand for the project's new tokens has proven to be minimal relative to the overall amount allocated to a public
ONDO Spikes 8% as Major Derivatives Exchanges Mull BlackRock’s BUIDL as Collateral Option - CurrencyCrypt
State Street sees significant potential in tokenized collateral asset in traditional finance, too. Donna Milrod, the bank's chief product officer, said in an interview this month that collateral tokens could help mitigate liquidity stress during financial crises, for example allowing pension funds to post money market tokens for margin calls without selling underlying assets to