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Bitcoin’s Unreliable Death Cross Is Looming Again

The death cross is known to cause catastrophizing among inexperienced investors. But it's an unreliable indicator.

6 Aug 2024

Ethereum ETFs Scored $49M Inflows as ETH Plunged

ETH bounced over 18% in the past 24 hours to reverse losses from a steep fall on Monday, with some drawing eyes to the blockchain’s fundamentals.

Cryptocurrency

6 Aug 2024

ARK Bought $17.8M of COIN, $11.2M of HOOD as Market Slumped

ARK Invest often loads up on shares when their prices slide, usually with a view to offloading them one their prices tick up again.

Cryptocurrency

6 Aug 2024

These Two Bitcoin Indicators Offer Light in a Gloomy Marke

BTC has dropped over 13% this month, but all is not lost, according to key indicators.

Cryptocurrency

6 Aug 2024

Binance Challenges $86M Indian Tax Showcause Notice: Source

Binance, the world's largest cryptocurrency exchange, has challenged a nearly $86 million tax notice from India's Directorate General of Goods and Services Tax Intelligence (DGGI).

Cryptocurrency

6 Aug 2024

Bitcoin Jumps Above $56K, Solana Leads Recovery From Monday’s Rout

Asian stocks and futures jumped higher Tuesday, recovering from one of the worst slides in recent years in Monday’s trading session.

Cryptocurrency

6 Aug 2024

SEC Asks NY Court to Deny Coinbase’s ‘Breathtakingly Broad’ Subpoena Request

Lawyers for the U.S. Securities and Exchange Commission (SEC) are pushing back against what they describe as Coinbase’s “breathtakingly broad” subpoena requests searching for “essentially all documents that in any way relate to crypto.”

Cryptocurrency

6 Aug 2024

Bitcoin Bounces to $53K After Brutal Sell-Off Reminiscent of Covid Crash

Bitcoin's 30% decline in a week was for some observers reminiscent of the March 2020 crash, but there's been multiple occasions of similar drawdowns during previous bull markets.

Cryptocurrency

5 Aug 2024

Is Bitcoin Still a Store of Value?

It depends on what you're trying to protect that value from. Day-to-day market volatility, no. Confiscation or monetary inflation, maybe.

Cryptocurrency

5 Aug 2024

DePIN and Machine Data Can Change Web3

DePIN enables the tokenization of machines, opening up RWA investments and spreading benefits to owners and users, says Leroy Hofer, CEO and co-founder of Teneo Protocol.

Cryptocurrency

5 Aug 2024

Crypto Candidate in Arizona Is Winning (So Far) Despite Sen. Warren’s Headwinds

A deluge of crypto-industry money may have helped achieve a very narrow Arizona congressional primary win this week for Yassamin Ansari, a crypto-cheering Phoenix City Council member who faced a candidate backed by Sen. Elizabeth Warren (D-Mass.)

Cryptocurrency

5 Aug 2024

Harris Likely to Pick Pennsylvania Gov. Shapiro for Veep, Prediction Markets Say

Also: the Democrat gains on Trump but hasn't closed the gap, unlike in polls; Polymarket punters trade on Olympic women's boxing controversy; Fed will cut rates fast and hard in September, say bettors.

Cryptocurrency

5 Aug 2024

CoinDesk 20 Performance Update: Index Plunges 22.6% Amid Global Market Decline

The CoinDesk 20 experienced a major downturn over the weekend with NEAR and LINK among the hardest hit.

Cryptocurrency

5 Aug 2024

First Mover Americas: Bitcoin Crashes to $50K as ‘Perfect Storm’ Hits Crypto Market

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug 5, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Cryptocurrency

5 Aug 2024

Defi Giant Aave Rakes in $6M in Revenue as Crypto Market Plunges

The founder of decentralized finance protocol Aave said the platform generated $6 million worth of revenue during Monday's crypto market sell-off.

Cryptocurrency

5 Aug 2024

Crypto Stocks Slump as Bitcoin, Ether Tumble

Coinbase, MicroStrategy and miners fell as equity markets declined worldwide.

Cryptocurrency

5 Aug 2024

Bitcoin Drops 15% Against Japanese Yen, Outpacing Declines Versus USD, as Yen Carry Trades Unwind

Japan raised interest rates by 0.25% last week, leading to a strong Yen and a corresponding drop across risky assets including bitcoin.

Cryptocurrency

5 Aug 2024

Bitcoin Price Crash to $50K Dashes Carry Traders’ Hopes

Carry trading, a popular strategy from the first quarter, involves profiting from pricing discrepancies between two markets.

Cryptocurrency

5 Aug 2024

Bitcoin Dips Below $50K as Investors Flee Risk Assets

Ether prices also fell to $2.2K.

Cryptocurrency

5 Aug 2024

Crypto Futures Record $1B in Liquidations as Bitcoin Nosedives, Ether Slumps Most Since 2021

A sentiment index that tracks crypto markets changed to “fear” early Monday, suggesting a possible sign of a near-term local bottom.

Cryptocurrency

5 Aug 2024

Ether Slides 20% as Trading Firm Moves $46M in ETH

A wallet supposedly associated with Jump Trading moved 17,576 ETH to centralized exchanges, according to Spot On Chain.

Cryptocurrency

5 Aug 2024

Bitcoin Tumbles to $53K, Ether Turns Negative for 2024 as Panic Grips Markets

Japan's Nikkei fell more than another 6% early Monday, bringing that index's three-day decline to about 15%.

Cryptocurrency

5 Aug 2024

Bitcoin Plunges Under $60K; Crypto Bulls Lose $200M as Dogecoin, Solana Tokens Drop 10%

Crypto bulls lost nearly $200 million in the past 24 hours as the week’s sell-off worsened over the weekend.

Cryptocurrency

4 Aug 2024

On-Device Proofs Solve DePIN Verification Challenges

Zero-knowledge proofs generated on DePIN devices are the best way to provide robust verification for service, performance, and location data while maintaining decentralization and privacy, argue NovaNet cofounders Wyatt Benno and Houman Shadab.

Cryptocurrency

2 Aug 2024

As Trump Suggests Crypto as a Fix to U.S. Debt, Harris Camp Highlights His Remarks

Former President Donald Trump heaped more praise on the "very, very smart people" of the crypto industry in an interview broadcast on Friday, suggesting that the U.S. embracing Bitcoin {{BTC}} could aid in addressing the $35 trillion U.S. national debt...

Cryptocurrency

2 Aug 2024

How DePINs Address AI’s GPU Gap and Ethics Problems

The future of AI depends on our ability to build a more inclusive, equitable, and decentralized computational landscape, says Mark Rydon, co-founder of Aethir.

Cryptocurrency

2 Aug 2024

Coinbase’s ‘Solid’ Earnings May Get Derailed by Low Volume, Fed Headwinds, Analysts Say

The company reported better-than-expected second-quarter earnings on Thursday but saw a strong downtick in revenue from transaction fees, its main source of income.

Cryptocurrency

2 Aug 2024