The first woman to gain more than a million YouTube subscribers is now going all-in on bitcoin to promote financial freedom to her loyal fanbase. “I kind of view bitcoin as similar to YouTube, which…
German Cannabis Firm Hedges Bitcoin to Protect from…
On Tuesday, the cannabis firm Synbiotic SE, a publicly-traded company in Germany that’s listed on the Frankfurt Stock Exchange and Xetra, has announced it is leveraging bitcoin to hedge against the euro. Synbiotic’s chief executive…
Dubai Government Licensing Entity Now Accepts Bitcoin for…
A government-owned entity in Dubai has started accepting bitcoin, ether and tether as payment for its services, according to local media reports. Kiklabb is a free trade zone that helps companies set up shop in…
Bitcoin’s Rapid Increase Should Compel Crypto Investors to…
Sandeep Biswas, chief executive officer of Newcrest Mining, one of the world’s biggest gold miners, has said that the sharp increase in bitcoin prices should compel crypto investors to hold gold as a safe-haven asset.…
Major Malaysian Bank Kenanga Acquires 19% Stake in…
One of Malaysia’s top investment banks has bought a 19% stake in a local crypto exchange via its private equity arm. The Kenanga Investment Bank announced its inception into the crypto business by investing in…
Paypal Launches Business Unit Dedicated To Cryptocurrency
Paypal is launching a new business unit dedicated to cryptocurrency services, the company chief executive officer Daniel Schulman announced this week. In an earnings call on February 3, 2021, Schulman said the existing financial system…
Market Wrap: Bitcoin Rises to $38.3K While Ether’s…
Bitcoin made some gains Friday, but ether hit another brand-new price high ahead of CME’s ether futures launching on Monday. Bitcoin (BTC) trading around $37,751 as of 21:00 UTC (4 p.m. ET). Gaining 0.32% over…
Argo Blockchain Buys 172.5 Bitcoins as Reserve Asset,…
Argo Blockchain said Wednesday that it bought 172.5 bitcoins in the second half of January as part of its asset management strategy. ● In a trading update, the London Stock Exchange-listed bitcoin miner also reported…
Crypto Firm to Launch Polkadot ETP on Swiss…
21Shares AG, a Zurich-based investment provider, is launching what is being dubbed as the world’s first Polkadot exchange-traded product, or ETP. The DOT ETP will be listed on the Swiss exchange SIX on Thursday, February…
Market Wrap: Bitcoin Rises to $35.8K, Ether Hits…
Bitcoin reversed several days of sideways trading to head higher, ether broke $1,500 for the first time and DeFi’s ecosystem has a record amount of value locked in dollar terms. Bitcoin (BTC) trading around $35,824…
Market Wrap: Bitcoin Slips to $30.8K While Investors…
Bitcoin has been in a $30,000-$35,000 range for almost a week at a time when some market participants are seeking out ether and other crypto to trade during the perceived doldrums. Bitcoin (BTC) trading around…
Questions About Tether Just Won’t Go Away. Does…
Stablecoins are a key cog in the cryptocurrency machine. The recent bull market has rekindled a long-simmering debate over whether the biggest such coin is, well, stable. While bitcoin, ether and altcoins have seen astounding…
Market Wrap: Bitcoin Hits $34.8K While Ether Volatility…
Some bitcoin investors appear to be buying in around $30,000 and taking profits at $40,000, according to one analyst. Meanwhile, ether’s spot market is decoupling from bitcoin and gyrating wildly, according to volatility metrics. Bitcoin…
Market Wrap: Bitcoin Back Above $33K While Ether…
Crypto markets have reversed course across the board and are flashing green Friday. Bitcoin crossed over $32,000 and ether is rallying hard in 2021 so far. Bitcoin (BTC) trading around $33,608 as of 21:00 UTC…
Bitcoin Flickers Near $35,000 as Bond Yields Drop;…
Bitcoin wobbled between gains and losses on Wednesday as traders measured on-chain sell-off signals against the drop in the benchmark bond yields. The flagship cryptocurrency surged around 0.5 percent to $34,335 ahead of the New…
Market Wrap: Bitcoin Hovers Around $34.2K While Options…
After a record day in spot volume, bitcoin’s price went up, down and back up. Meanwhile, most ether options traders are bearish, some are paying up in case it gets close to record highs. Bitcoin…
Market Wrap: Bitcoin Crosses $41.9K as Ether Futures…
Bitcoin hit a fresh all-time high Friday as investors continued to scoop up some of its limited supply. The ether futures market also hit records as derivatives traders check out the second-largest cryptocurrency by market…
Augmented Reality Firm Nextech AR Joins the Bitcoin…
On the heels of the Canadian company Mogo purchasing bitcoin for treasury reserves, the British Columbia-based augmented reality firm Nextech AR Solutions has announced the purchase of $2 million in bitcoin. Nextech’s chief executive officer…
Could Elon Musk ‘Singlehandedly’ Send Bitcoin to $25K?
Within several days of passing the $20,000 milestone, the price of Bitcoin already managed to briefly pass over $24,000 several times. Is $25,000 next? Or is BTC due for a correction? At press time, it…
Major Exchanges Experience Technical Issues as Bitcoin Price…
Bitcoin has finally broken the $20k resistance level. The record-breaking price caused massive traffic on a myriad of crypto exchange platforms like Binance and Coinbase. Bitcoin All-Time Price High Causes Issues on Binance For weeks…
Market Wrap: Bitcoin Pushes Past $19.2K; Ether at…
Bitcoin climbed over the weekend to the $19,200 territory. Looking at ether’s price as a percentage of spot BTC, it may be undervalued. Bitcoin (BTC) trading around $19,196 as of 21:00 UTC (4 p.m. ET).…
Market Wrap: Bitcoin Holding at $18K; Active Ethereum…
Bitcoin is struggling to make gains as an expected low-volume weekend could push price further down. Meanwhile, the increasing number of active Ethereum addresses this year is a testament to the network’s growth. Bitcoin (BTC)…
Canadian Crypto Company Increases Its Bitcoin Treasury Holdings…
BIGG Digital Assets, a Canadian crypto company, revealed this week that it bought 40 additional bitcoins for long-term treasury holding. The purchase increased BIGG’s reserves to 189.5 bitcoins valued at US$3.63 million in total. The…
Market Wrap: Bitcoin Briefly Slips Below $19,000; ETH…
“Weak longs” might be causing the price to slip in the bitcoin market but ether locked in DeFi is back on the upswing. Bitcoin (BTC) trading around $19,067 as of 21:00 UTC (4 p.m. ET).…
Psychology, Sell Pressures Keep Bitcoin Below $20K
Less than a week ago, bitcoin’s price set a new all-time high at $19,920.53. However, the oldest cryptocurrency is still struggling to break above the $20,000 level. The reason that milestone remains elusive, according to…
Coinbase Says It Brokered Microstrategy’s Influential $425 Million…
U.S. crypto exchange Coinbase said Tuesday that it brokered Microstrategy’s $425 million bitcoin purchase earlier this year. Until now, it has not been clear who facilitated the deal. Microstrategy’s first bitcoin (BTC) haul of $250…
Market Wrap: Bitcoin Falls to $18.1K as Correlation…
The price of bitcoin took a bit of a dip, though overall market sentiment remains bullish. Ether’s correlation to bitcoin is going up despite differences in value propositions. Bitcoin (BTC) trading around $19,077 as of…
First Mover: Bitcoin’s Failure to Break $20K Shows…
Bitcoin was lower, retreating after rallying over the past 24 hours to a new all-time-high price of $19,920, based on CoinDesk’s Bitcoin Price Index. Cryptocurrency analysts predicted bullish traders might next target the $20,000 threshold, though…
Market Wrap: Bitcoin All-Time High Tops Out at…
Bitcoin’s price hit an all-time record high Monday as positive market factors converged. Meanwhile, ether options traders are paying heavy premiums on the asset’s potential to hit new records as well. Bitcoin (BTC) trading around…
Despite New Incentives to Stay, Some of OKEx’s…
The unexpected five-week-long suspension of OKEx’s crypto withdrawal service has left many of its users, largely based in China, disappointed and determined to leave or reduce holdings on the exchange when withdrawals resume sometime this…
Market Wrap: Bitcoin Loses Momentum at $19.4K; Ethereum…
The number of billion-dollar spot volume days in the bitcoin market is increasing, pushing prices higher. Ethereum’s transaction fees are also increasing as general cryptocurrency interest fuels demand. Bitcoin (BTC) trading around $18,883 as of…
Market Wrap: Bitcoin Briefly Drops Below $18K While…
Bitcoin dipped below $18,000 before recovering on higher-than-average spot volume. Meanwhile, ether’s price performance is showing a divergence from bitcoin. Bitcoin (BTC) trading around $18,374 as of 21:00 UTC (4 p.m. ET). Slipping 0.85% over…
OKEx’s Withdrawal Suspension Isn’t Behind Bitcoin’s Rally: Analysts
Bitcoin’s price has been up dramatically since the very day popular exchange OKEx announced the suspension of all crypto withdrawal service on its platform. However, while some tie the two together, many market observers do…
Market Wrap: Bitcoin Hits $18.8K as Total Crypto…
The price of bitcoin hit new 2020 highs as the “alternative to gold” narrative increases. Meanwhile, smaller crypto tokens might be helping push DeFi to new heights. Bitcoin (BTC) trading around $18,638 as of 21:00…
Market Wrap: Bitcoin Hangs Around $18K While Ether…
Bitcoin steadied around $18,000 after record volumes on Wednesday while Ethereum 2.0 may be causing some investors to move ether out of decentralized finance (DeFi). Bitcoin (BTC) trading around $18,026 as of 21:00 UTC (4…
Market Wrap: Bitcoin Hits $18.4K; $260M in Ether…
Higher spot volumes Wednesday – and record volumes for the past month – are helping push bitcoin higher. Meanwhile, ether options for December pass 550,000 ETH. Bitcoin (BTC) trading around $17,688 as of 21:00 UTC…
Market Wrap: Bitcoin Breaks $17.8K, Outperforming Ether in…
Spot volumes and futures open interest pushed bitcoin’s price up Tuesday, beating ether’s performance so far this month. Bitcoin (BTC) trading around $17,688 as of 21:00 UTC (4 p.m. ET). Gaining 5.3% over the previous…
Market Wrap: Bitcoin Fails to Reach $16.5K; Wrapped…
Analysts are bullish on bitcoin’s price but the options market is decidedly bearish on the remaining weeks of 2020. Ethereum’s wrapped bitcoin token crosses $2 billion locked. Bitcoin (BTC) trading around $16,240 as of 21:00…
Market Wrap: Bitcoin Flat at $15.3K; Crypto Locked…
Bitcoin is sideways Tuesday, with little price action. However, traders seem to be jumping into decentralized finance to maximize their crypto yield. Bitcoin (BTC) trading around $15,345 as of 21:00 UTC (4 p.m. ET). Slipping…
Kraken CEO: ‘Defi Scams’ Must Take Their Losses…
Jesse Powell, chief executive officer of the world’s fourth-largest crypto exchange Kraken, has criticized decentralized finance (defi) projects, accusing them of being “scams” that enter the market too quickly, unprepared. In a charged Oct. 26…
Voyager Digital Buys European Crypto Exchange Focused on…
Crypto-asset broker Voyager Digital Ltd is buying LGO Markets, a French cryptocurrency exchange focused on corporate investors. The two firms will merge under one brand, Voyager, and their two separate native tokens, VGX and LGO,…
Market Wrap: Bitcoin Sticks Around $13K While Ether…
Bitcoin stays in bull mode but on lower volume while the amount of ether locked in DeFi falls. Bitcoin (BTC) trading around $13,103 as of 20:00 UTC (4 p.m. ET). Gaining 3% over the previous…
Bitmex Fast-Tracks KYC Program as Regulators Tighten Screws…
Bitmex said Wednesday that it is fast-tracking its user verification program in order to comply with regulatory requirements. Users must now be fully verified by Nov. 5, 2020 “to continue trading on the platform,” it…
US Financial Watchdog Fines Bitcoin Mixer Service $60…
Larry Dean Harmon, founder and operator of early bitcoin mixing services Helix and Coin Ninja, is being fined $60 million by the U.S. Treasury’s Financial Crimes Enforcement Network (Fincen) for allegedly violating anti-money laundering rules.…
US Financial Watchdog Fines Bitcoin Mixer Service for…
Larry Dean Harmon, founder and operator of early bitcoin mixing services Helix and Coin Ninja, is being fined $60 million by the U.S. Treasury’s Financial Crimes Enforcement Network (Fincen) for allegedly violating anti-money laundering rules.…
Market Wrap: Bitcoin Slips to $11,300; Ether Locked…
Bitcoin’s price is slipping while the amount ether parked in DeFi is in neutral. Bitcoin (BTC) trading around $11,397 as of 20:00 UTC (4 p.m. ET). Slipping 1.3% over the previous 24 hours. Bitcoin’s 24-hour…
Market Wrap: Bitcoin Tops $11.1K; Ether Traders Like…
Bitcoin is making gains Friday while ether options traders on the Deribit exchange love $400 strikes. Bitcoin (BTC) trading around $10,050 as of 20:00 UTC (4 p.m. ET). Gaining 1.4% over the previous 24 hours.…
Canadian Firm 3iQ’s Bitcoin Fund Listed on Gibraltar…
The Gibraltar Stock Exchange said Tuesday that it listed a new bitcoin fund belonging to 3iQ Corp, a Canadian investment fund manager that focuses on new technologies and crypto assets. The announcement follows GSX Group’s…
Market Wrap: Bitcoin Holds at $10.7K; Uniswap Volume…
As bitcoin struggles to hold the $10,700 price range Uniswap’s September volume set records but appears to be declining. Bitcoin (BTC) trading around $10,757 as of 20:00 UTC (4 p.m. ET). Slipping 1% over the…
New Zealand Tax Agency Asks Crypto Firms to…
The Inland Revenue Department (IRD) of New Zealand has requested that crypto companies in the country hand over their customers’ personal details, cryptocurrency asset values as well as the type of asset held. According to…
Kucoin Hacked for $150 Million in Bitcoin; Bitfinex…
Cryptocurrency exchange Kucoin may have been hacked for $150 million in bitcoin and multiple ERC20 tokens. The Singapore-based exchange confirmed the September 25 security breach, but did not disclose the amount stolen. “Bitcoin, ERC-20 and,…
Market Wrap: Bitcoin Drops to $10.2K; Scaling Solution…
The bitcoin market continues to display weakness; xDai total value locked shows interest in Ethereum scaling solutions. Bitcoin (BTC) trading around $10,285 as of 20:00 UTC (4 p.m. EDT). Slipping 1.8% over the previous 24…
US Banks Can Now Hold Reserves for Stablecoin…
The U.S. Office of the Comptroller of the Currency (OCC) on Monday published a letter clarifying that national banks and federal savings associations can now hold reserves for stablecoin issuers in the country. According to…
Market Wrap: Bitcoin Tests $11K; Uniswap Passes $1.5B…
Bitcoin has lost its market momentum. Meanwhile, the amount of cryptocurrency locked in decentralized exchange Uniswap was nearly doubled on Friday. Bitcoin (BTC) trading around $10,867 as of 20:00 UTC (4 p.m. ET). Slipping 0.42%…
GPU Manufacturer Nvidia Buys Chip Maker ARM for…
California-based Nvidia is buying British computer chip designer Arm Holdings from Softbank Group Corp. in a deal worth $40 billion. Nvidia, which specializes in making hardware for video game consoles and the crypto mining sector,…
Market Wrap: Bitcoin Passes $10.7K; Ethereum Gas Usage…
Bitcoin is making gains Monday and Ethereum usage is hitting record highs in September. Bitcoin (BTC) trading around $10,669 as of 20:00 UTC (4 p.m. ET). Gaining 3.4% over the previous 24 hours. Bitcoin’s 24-hour…
Canaan Cuts Losses for Second Successive Quarter, Down…
Canaan Creative, the Chinese maker of bitcoin mining hardware, reported a net loss of $2.4 million during the second quarter of 2020, down from $5.6 million in the previous quarter. It is the second consecutive…
Blockchain Bites: Ethereum Classic Attacked, Electrum Wallet Drained…
Signature Bank gave out dozens more small business PPP loans to crypto firms than previously known, Ethereum Classic has suffered another 51% attack and a digital yuan wallet went live and disappeared this weekend. You’re…
First Mover: Huobi Takes on OKEx in Futures,…
You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team and edited by Bradley Keoun, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never…
Huobi and OKEx Battle for Supremacy in China
Cryptocurrency exchange Huobi is taking aim at competitor OKEx in China, specifically the business of trading bitcoin futures and other derivatives contracts. The fight opens a new front in a longstanding rivalry. OKEx, which is…
Visa Exec Says ‘Opt Out With Bitcoin’ Slamming…
On Thursday, 17 top Federal Reserve officials explained that the committee plans to let inflation run hotter than usual, or above the benchmark 2% rate for a duration of time. Fed Chair Jerome Powell’s speech…
What is Concordium? Balancing Identity and Privacy for…
Back in 2017, much of the news in the blockchain space focused on enterprise adoption. When organizations from Walmart to the Swedish government were investing in the technology, the tipping point seemed inevitable. Instead, enterprises…
First Mover: Bitcoin Passes $12K, Dollar Worries Grow,…
PRICE POINT Bitcoin (BTC) was flat after jumping on Monday to a new 2020 high above $12,400. Analysts are now speculating whether the largest cryptocurrency can hold the higher ground. The latest move up came…
Nasdaq-Listed Firm Marathon Buys 10,500 Next-Gen Bitcoin Miners
One of the earliest Nasdaq-listed cryptocurrency mining companies, Marathon Patent Group, announced a new agreement contract with the ASIC mining manufacturer Bitmain. According to the public company, Marathon has agreed to purchase 10,500 next-generation Antminer…
Nasdaq-Listed Firm Marathon Buys 10,500 Next-Gen Bitcoin Miners…
One of the earliest Nasdaq-listed cryptocurrency mining companies, Marathon Patent Group, announced a new agreement contract with the ASIC mining manufacturer Bitmain. According to the public company, Marathon has agreed to purchase 10,500 next-generation Antminer…
Copper develops new collateral management tool for OTC…
Copper, the London based digital asset infrastructure provider, today announced the expansion of its ClearLoop digital asset trading framework to include collateral management for crypto derivatives. This move will enable crypto derivatives to be traded…
Copper develops new collateral management tool for crypto…
Copper, the London based digital asset infrastructure provider, today announced the expansion of its ClearLoop digital asset trading framework to include collateral management for crypto derivatives. This move will enable crypto derivatives to be traded…
European Bitcoin Exchange Hacked for $1.4 Million, Claims…
2gether, a Spanish cryptocurrency trading platform, has been hacked for about $1.4 million and company executives claim that they do not have the money to repay customers. Chief executive officer Ramon Ferraz Estrada said over…
Americans to Buy Bitcoin With Their Second Stimulus…
U.S. investors may be planning to use their second $1,200 stimulus money to buy bitcoin – again. The U.S. government is, on Monday, expected to approve plans for this second payout, White House officials have…
Bitcoin Suisse Completes a $48 Million Series A…
Swiss crypto financial services provider, Bitcoin Suisse completes its first financing round of $ 48 million (CHF 45 million). The completed Series A financing round now has Bitcoin Suisse’s 2019 pro forma equity totaling around…
Emerging Markets Drive Paxful First Half 2020 Bitcoin…
Peer-to-peer (P2P) crypto exchange Paxful reported Tuesday that its bitcoin trading volumes climbed 35% to $1.1 billion during the first six months of 2020 compared to $817 million a year ago. More than $182 million…
Crypto Exchange Cashaa Loses 336 Bitcoin Worth $3…
Cryptocurrency exchange Cashaa says it has lost 336 bitcoin (worth around $3.1 million) to hackers. The London-based platform has now ceased all crypto-related transactions, including withdrawals and deposits, as investigations into the breach get underway.…
Investment Firm Arcane Crypto to Go Public via…
Arcane Crypto, a Norway-based investment company, said Thursday that it is planning to go public through a reverse takeover by Vertical Ventures, a publicly traded Swedish firm. Vertical Ventures will buy Arcane Crypto for $33…
Localbitcoins 2019 Revenue Rises 10% to $29.6 Million…
Peer-to-peer (P2P) crypto exchange Localbitcoins has reported that 2019 revenue rose 10% to $29.6 million from $27 million a year ago. For the year, operating income fell 6% to $19.9 million from $21.2 million the…
Wirecard: Crypto Card Users’ Funds Locked as UK…
UK Financial Conduct Authority (FCA) on Friday suspended the license of Wirecard Card Solutions (WCS), a unit of troubled Wirecard AG, which is responsible for issuing Visa cryptocurrency debit cards. It means some users of…
Wirecard $2 Billion Scandal: Firm Files for Insolvency,…
Scandal-hit crypto card issuer Wirecard AG, a firm that has filed for insolvency because of its missing $2.1 billion – but customer funds appear to be safe, for now. The news comes just two days…
Wirecard CEO Quits as Crypto Card Firm Reveals…
Wirecard chief executive officer quit as the crypto card payments firm revealed that the €1.9 billion ($2.1 billion) missing from its accounts may not exist. CEO Markus Braun resigned on June 19, after nearly 20…
London’s ETC Group to List Centrally Cleared Bitcoin…
A UK-based financial services company will list a centrally cleared bitcoin exchange-traded product (ETP) on Deutsche Börse’s Xetra electronic trading market later this month. In a statement released on June 9, Etc Group said the…
Pablo Escobar’s Descendants Claim to Have Known Satoshi…
Reports stemming from the financial columnist, Greg Thomson and the family of Pablo Escobar, claim the Escobar’s know the mysterious creator of Bitcoin. Allegedly, the notorious Escobar’s say that Satoshi Nakamoto was once known as…
Canaan Narrows Q1 Loss to $5.6 Million Amid…
Bitcoin mining rig manufacturer Canaan Creative reported a net loss of $5.6 million for the first quarter of 2020, down from $9.5 million a year earlier. The Chinese company cut prices of its ASIC-based machines…
Interest-Bearing Crypto Accounts: A ‘Gateway’ for New Crypto…
The economic uncertainty brought about by the spread of the coronavirus has been the source of much stress and much systemic reorganization over the past several months. As a result–and perhaps somewhat ironically–this seems to…
Gox Rising Offers $800 per Bitcoin Claim to…
Gox Rising has offered to buy out creditor claims from the collapsed cryptocurrency exchange Mt. Gox. The Brock Pierce-led outfit will pay $800 per bitcoin claim, either in BTC or cash, to creditors who are…
Bitcoin Sentiment on Twitter Reaches Its Highest Level…
Positive investor sentiment about bitcoin (BTC) on Twitter has reached record levels – its highest in three years – triggered by the cryptocurrency’s supply cut earlier this month, data shows. According to crypto data company…
Venezuelans Can Now Use Bitcoin to Pay for…
Venezuelans will now be able to use bitcoin to pay for goods and services at more than 20,000 point-of-sale (PoS) terminals throughout the struggling South American country. This follows a deal between Panamanian crypto exchange…
Crypto Derivatives Exchange FTX Launches Bitcoin Hashrate Futures
On Friday, cryptocurrency derivatives exchange FTX launched a hashrate futures tool that allows Bitcoin (BTC) miners to hedge against mining difficulty risk. Hashrate, the amount of processing power dedicated to a Bitcoin network at a…
Bitwala Launches Bitcoin Interest Account With up to…
Neobanking service provider Bitwala on Thursday introduced a new account that offers its 80,000 European customers passive bitcoin (BTC) income. The Bitwala Interest Account allows users to earn up to 4.3% interest per annum for…
Bitcoin Lender Genesis Global Issues $2 Billion in…
Genesis Global Trading has reported a 100% jump in new loan originations in the first quarter. The cryptocurrency lender and trading platform added a record $2 billion in new loans in the three months leading…
London Bitcoin Miner Argo Blockchain Reports 1,000% Revenue…
London Stock Exchange-listed bitcoin miner Argo Blockchain Plc said on Wednesday full-year 2019 revenue rocketed 1,000% to £8.62 million ($10.78 million) from £760,000 a year earlier. The company stated that the increase was due to…