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…
13,000 DeFi users have already claimed Uniswap’s new…
Decentralized finance (DeFi) platform Uniswap’s governance protocol token UNI went live on Ethereum earlier today. The community showed immediate support for the new token with Uniswap’s Twitter announcement garnering over 1.2 thousand likes in the…
First Mover: Binance’s CZ Doesn’t Even Dispute That…
Blockchain-based lending and trading systems known as “decentralized finance,” or DeFi, have dominated recent cryptocurrency-market headlines, with collateral locked into the semi-automated platforms surging 10-fold this year to more than $9 billion. DeFi trading platforms like Uniswap, Curve and Balancer have…
Binance, Huobi, OKEx Have FOMO for DeFi
Decentralized finance (DeFi) has been grabbing the headlines and capturing the imagination of traders in recent weeks and some of the biggest centralized cryptocurrency exchanges seem to be afraid they’re missing out. That’s why they…
Tesla stock TSLA chart resembles Bitcoin bubble in…
Julian Bridgen, the co-founder of the macroeconomic research firm MI2 Partners, believes Tesla stock (TSLA) shows signs of a bubble. He compared the stock Bitcoin (BTC) in 2017 when it hit $20,000 and dropped 58%…
First Mover: SushiSwap’s Billion-Dollar ‘Rug Pull’ Is Thriller…
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…
Bitcoin is shaky but medium-term bull case intact:…
The price of Bitcoin (BTC) declined below $10,000 for three consecutive days. Despite the weakness in BTC’s short-term trend, an on-chain analyst says mid-term bullishness is intact. The weekly chart of Bitcoin. Source: TradingView.com Within…
DeFi project SUSHI gets new ‘master chef’ in…
SushiSwap (SUSHI), a fork of Uniswap created by the controversial developer “Chef Nomi,” has been handed over to FTX CEO Sam Bankman-Fried on Sep. 6 in an unexpected takeover. The decision happened after SUSHI fell…
Aave’s LEND Rallies 40% After Gaining UK FCA…
One of the year’s most profitable decentralized finance tokens, LEND, is not just about the hype. The 24th-largest cryptocurrency gained more value in the first two days of this week, as its price surged by…
Onchain Data Shows $449M Worth of Bitcoin on…
Onchain analytics show the number of bitcoin (BTC) held on the Ethereum blockchain has been multiplying at an extremely fast rate since the end of May. On Sunday, August 16 there’s approximately 38,021 BTC on…
Users Balk at Launch of Litecoin Quanto Contracts…
Crypto derivatives exchange, BitMEX, has announced the launch of Litecoin quanto perpetual contracts on its trading platform. We’re further diversifying trading opportunities with the launch of our fifth quanto swap – say hello to the…
First Mover: Twelve-Fold Gains for Aave’s LEND Token…
There’s one thing that all investors like: doubling, tripling, or even quadrupling their money. How about a 12-fold increase? That’s what traders have reaped this year from the decentralized lender Aave’s LEND token, up about…
First Mover: The Logic Behind Three Arrows’ $200M…
The cryptocurrency investment fund Three Arrows disclosed earlier this month that it had become the biggest investor in the Grayscale Bitcoin Trust, after buying about $200 million of shares in the publicly traded bitcoin fund for a stake of…
First Mover: The Logic Behind Three Arrows’ $200…
The cryptocurrency investment fund Three Arrows disclosed earlier this month that it had become the biggest investor in the Grayscale Bitcoin Trust, after buying about $200 million of shares in the publicly traded bitcoin fund for a stake of…
Why the “Explosively Bullish” DeFi Trend May Not…
Ethereum’s utility has seen an explosive rise over the past couple of years. Throughout late-2017 and most of 2018, the blockchain’s utility was primarily rooted in the ICO mania that plagued the cryptocurrency market. This…
Bitcoin Market Dynamics See Change After BTC Reward…
One month has passed since the 2020 Bitcoin (BTC) miner reward halving, and a lot has happened for the predominant cryptocurrency since then. From changes in investor and trader behavior to an exponential growth in…
Singapore’s Three Arrows Capital Buys 6% of Grayscale’s…
Three Arrows Capital Ltd has bought a 6.26% stake of the $3.5 billion Grayscale Investment’s Bitcoin Trust. According to a filing with the U.S. Securities and Exchange Commission (SEC), the Singapore-based crypto hedge fund snapped…
Three Arrows Capital CEO: ‘Bart Simpson’ Patterns are…
Su Zhu, the CEO of Three Arrows Capital, thinks that as long as crypto traders continue to do business with derivatives exchanges, you can expect to see more “Bart Simpson” patterns in the Bitcoin price…
Ether Leads Bitcoin on Price as Investors Prepare…
Bitcoin has entered the seasonally bullish month of June on a positive note, but its recent gains look pale compared to that of ether (ETH), as the Ethereum blockchain approaches a key new iteration. Bitcoin,…
Bitcoin Miners Will Use Derivatives Like Traditional Commodity…
Bitcoin (BTC) mining has become a multibillion-dollar industry. Pools, manufacturers and farms contribute to the growth and professionalization of the space. Financial service companies bring institutional-grade products and capital that increases liquidity for the biggest…
Deribit is Dominating Bitcoin Options With 78% Market…
Deribit has been the most dominant force in the Bitcoin options market throughout 2020. With a 78 percent market share, no other competitor is close to reaching similar levels of volume and open interest. On…
Bitcoin’s Impending Golden Cross May Bolster Bulls: Analysts
A widely tracked bitcoin price indicator is about to turn bullish – potentially accelerating the recent uptrend of the top cryptocurrency by market value. The 50-day moving average (MA) of bitcoin’s price looks set to…
Bitcoin’s 8% Drop Triggers Largest Liquidation on BitMEX…
Bitcoin fell sharply on Sunday, triggering the highest long-short liquidations on crypto derivatives exchange BitMEX for the past two months. The top crypto by market cap fell by over 8.5% – its biggest single-day drop…
American Buyers Are Fueling Bitcoin’s Rally, Data Suggests
Bitcoin is now up over 20% in 2020 after rallying to over $9,500 on Thursday. The cryptocurrency’s recovery from March lows ahead of the protocol’s third halving event is primarily fueled by American investors, according…