On Friday Bitcoin (BTC) price finally managed to break above the symmetrical triangle where the price had been compressing for the last 30 days. After holding the $11,000 level into the daily close, the price…

Bitcoin (BTC) reacted to fresh strength in the U.S. dollar on Sep. 21 to follow stocks downward and move away from $11,000. Cryptocurrency market daily snapshot, Sept. 7. Source: Coin360 DXY surge spells BTC price…

Bitcoin (BTC) is a firm “buy” according to a range of on-chain indicators that are flashing bullish this week. Collected by on-chain monitoring resource CryptoQuant, a total of ten indicators are currently telling investors to…

Nym now allows bitcoin transactions and has an incentive program for people running its nodes. It is also enabling plugins that will allow users to plug in wallets and applications to run their traffic through…

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…

Leah Callon-Butler, a CoinDesk columnist, is the director of Emfarsis, a consulting firm focused on the role of technology in advancing economic development in Asia. Have you ever asked a fellow Bitcoiner about the time…

William Mougayar is the author of “The Business Blockchain,” producer of the Token Summit and a venture investor and adviser. DeFi has grown to a point where its mindshare now far exceeds its relatively small…

Bitcoin (BTC) fell 5% to retest $11,000 on Sept. 2 as fresh strength in the U.S. dollar currency index appeared to spell trouble. Cryptocurrency market daily snapshot, Sept. 2. Source: Coin360 BTC/USD sees sharp $12,000…

Trading volumes are surging on Uniswap and other so-called decentralized cryptocurrency exchanges, challenging established venues like Coinbase while driving up fees and congestion on the Ethereum blockchain.     Uniswap, a semi-automated platform for matching…

Signature Bank extended dozens more loans under the federal Paycheck Protection Program (PPP) to cryptocurrency businesses than was previously reported.  Around $20 million of the $1.9 billion in PPP loans the bank extended was given…

Frances Coppola, a CoinDesk columnist, is a freelance writer and speaker on banking, finance and economics. Her book “The Case for People’s Quantitative Easing” explains how modern money creation and quantitative easing work, and advocates…

Concordium, an ambitious project whose founders have close links to companies including Volvo, IKEA, Saxo Bank and Nasdaq, is looking to shake up the seemingly glacial world of enterprise blockchain.  The most striking thing about…

Thailand’s protests highlight the vulnerabilities of major social media platforms like Twitter and Facebook.  Thai residents began protesting the nation’s military regime earlier this year, giving voice to frustrations that have been building since a…

Quorum, the enterprise blockchain platform developed by mega-bank JPMorgan Chase, is being acquired by ConsenSys, the Brooklyn, N.Y.-based Ethereum venture studio. Additionally, JPMorgan has made an undisclosed strategic investment in ConsenSys, the companies said in…

Quorum, the enterprise blockchain platform developed by mega-bank JPMorgan Chase, is being acquired by ConsenSys, the Brooklyn, N.Y.-based Ethereum venture studio. Additionally, JPMorgan has made an undisclosed strategic investment in ConsenSys, the companies said in…

Rachel-Rose O’Leary is a cryptocurrency writer and trainee C++ developer at PolyTech. Currently a contributor to CoinDesk and the Defiant newsletter, she has written about cryptocurrency since 2015. She holds an MA in digital art…

OKEx has confirmed a loss of approximately $5.6 million in Ethereum Classic (ETC) from two recent 51% attacks and is considering removing ETC from its exchanges. Yet, as the cryptocurrency exchange with the highest trading…

More bitcoins were tokenized than mined this Sunday, decentralized finance is coming to the Bitcoin system and a former Prudential Securities CEO thinks crypto is a safe bet.  You’re reading Blockchain Bites, the daily roundup of the most…

As Bitcoin continues establishing its position as a major asset on the global stage, its correlation to other markets has been shifting. Although it was strikingly correlated to the stock market in late-February and early-March,…

Marcelo M. Prates is a lawyer at the Central Bank of Brazil and holds a doctorate from Duke University School of Law. The views and opinions expressed here are his. Although the terminology of central-bank…

Congestion is building on the Ethereum blockchain, the second-largest blockchain, thanks to the recent popularity of dollar-linked “stablecoins” and “decentralized finance” applications like Compound.  And now fees to process transactions, which escalate when congestion is high…

In digital-asset markets, stablecoins like tether and USDC are supposed to represent $1 of value. But their prices often fluctuate on the pubescent trading platforms of decentralized finance, or DeFi.  So cryptocurrency traders are now…

Ethereum and Bitcoin advocates have engaged in spirited Twitter exchange since Friday to answer an ostensibly simple question: What’s the total supply of ether? It’s not quite clear where the question originated. But providing one…

Deribit has started listing ether (ETH) options with strikes above $1,000, and some traders are now betting the cryptocurrency will reach that price by year’s end. Over 3,470 contracts – worth $1.3 million – of…

Imagine a future where bitcoin has taken over from the U.S. dollar as the world’s de facto reserve currency. Assuming bitcoin’s notorious price volatility continued to that day, major currencies would be considered volatile assets.…

Bitcoin climbed above $12,000 early Monday, before dipping once more, as traders weighed U.S. President Donald Trump’s move to provide emergency aid amid new signs that the labor market recovery is stalling.  The oldest and largest…

Human ingenuity finds a way around limitations. Sometimes these limitations are obstacles in the way of progress, and creative thinking comes up with new paths. Sometimes these limitations are a lack of knowledge, and experimentation…

Bitcoin prices surged 5% on Wednesday, outpacing stocks and gold amid calls for more government stimulus, as the economic toll of the coronavirus mounts. The oldest and largest cryptocurrency rose to $11,755. The price is…

Lex Sokolin, a CoinDesk columnist, is Global Fintech co-head at ConsenSys, a Brooklyn, N.Y.-based blockchain software company. The following is adapted from his Fintech Blueprint newsletter. The news cycle is obsessed with a global technology competition between…

Anil Lulla is the co-founder and COO of Delphi Digital, a research firm dedicated to advancing the development of the crypto market.  In the past few months at least four crypto hedge funds have shuttered.…

The Federal Reserve appears ready to pursue yet another untested strategy that could ultimately boost inflation – and possibly prices for bitcoin. The Fed is “preparing to effectively abandon its strategy of pre-emptively lifting interest rates to…

The FBI and local officials have arrested three individuals who allegedly committed the largest hack in Twitter’s history.  Florida resident Graham Clark was arrested Friday morning, according to Florida news channel WFLA. State Attorney Andrew…

The FBI has arrested an individual allegedly behind the largest hack in Twitter’s history.  Florida resident Graham Clark was arrested Friday morning, according to Florida news channel WFLA. State Attorney Andrew Warren filed 30 felony…

“Though now evolved in many ways,” Gavin Wood wrote in Ethereum’s 2015 yellow paper, “the key functionality of a blockchain with a Turing-complete language and an effectively unlimited inter-transaction storage capability remains unchanged.” Five years…

Five years ago this week, the first general-purpose blockchain went live on mainnet. Ethereum paved the way for a whole new use case for blockchain technology untethered from Bitcoin’s original vision as electronic cash. CoinDesk…

Music is back on the blockchain.  Audius, a streaming service that connects music fans directly with artists, has raised $3.1 million in a strategic round co-led by Multicoin Capital and Blockchange Ventures, with participation from…

Liquidity mining is coming to proof-of-stake (PoS) blockchains. Anchor, the new decentralized finance (DeFi) platform from Terra, Cosmos, Web3 Foundation and Solana, is being designed to launch with a governance-token reward. Version 1 is going…

As the U.S. dollar’s value slides, prices are suddenly rising for just about everything priced in dollars.  That includes bitcoin, which shot up some 13% on Monday for its biggest gain in almost three months. Prices…

Bitcoin has at last broken convincingly above the all-important $10,000 mark, but why has it struggled so much in recent months when gold has soared to an all-time high? Earlier this year, digital-asset investors were…

Bitcoin (BTC) may have only held $10,000 for a matter of hours, but according to glassnode, an on-chain monitoring resource, this moon is not like others in 2020. On July 26 Glassnode uploaded surprising data…

Rising congestion on the Ethereum blockchain has driven up transaction fees tenfold this year to the highest since early 2018. That’s pressuring the network’s developers to speed up crucial upgrades, while possibly creating an opening…

Investor interest in ether options is stronger than ever, possibly due to excitement surrounding Ethereum’s long-awaited protocol change, dubbed ETH 2.0.  Data from major exchanges – Deribit and OKEx – shows that open interest in…

The initial coin offering boom of 2017 and 2018 was the closest crypto came to mass adoption. It was a period of market and media exuberance. The Gray Lady, aka the New York Times, perhaps…

For five hours, all of Twitter became Crypto Twitter. Wednesday, one of the biggest digital hacks in recent memory went down. A hacker, likely a Bitcoiner, gained access to Twitter’s administrative functions and began a…

Preston Byrne, a columnist for CoinDesk’s Opinion section, is a partner in Anderson Kill’s Technology, Media and Distributed Systems Group. He advises software, internet and fintech companies. His biweekly column, “Not Legal Advice,” is a…

None of the roughly 13 bitcoin (BTC) acquired through Wednesday’s Twitter hack have been laundered, according to chain analysis conducted by Samourai Wallet.  But whoever it was is deep into the cryptocurrency space, with the…

CoinDesk columnist Nic Carter is a partner at Castle Island Ventures, a venture fund based in Cambridge, Mass., that focuses on public blockchains. He is also the co-founder of Coin Metrics, a blockchain analytics startup.…

J.P. Koning, a CoinDesk columnist, worked as an equity researcher at a Canadian brokerage firm and is a financial writer at a large Canadian bank. He runs the popular Moneyness blog. The Federal Reserve’s annual…