Bitcoin Shows No Signs of Overheating, Despite Doubling This Year
Bitcoin has doubled this year. The bullish trend may continue unabated as key indicator shows no signs of overheating, according to IntoTheBlock.
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First Mover Americas: Bitcoin Ticks Along Above $34K
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 30, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Retail CBDC Could Add Unique Value, but Further Investigation Is Needed, Hong Kong Central Bank Says
A retail central bank digital currency could add unique value to the existing payments ecosystem and enable new types of economic transactions, but further investigation is needed, Hong Kong's central bank said.
DeFi Market Recovers From 30-Month Low as Volume Hits Highest Point Since March
The total value of all assets locked on decentralized finance (DeFi) protocols has surged to a three-month high of $42 billion after being at its lowest point since February 2021 just two weeks ago.
Crypto Exchange Linked to 3AC Founders Drops Lawsuit Against Mike Dudas
OPNX voluntarily dropped its defamation suit against the venture investor and crypto personality.
Singapore, Japan, U.K., Swiss Regulators Plan Asset Tokenization Pilots
Project Guardian seeks to advance digital asset tokenization pilots in fixed income, foreign exchange and asset management products.
Sam Bankman-Fried Implied His Friends Lied About His Role in FTX's Collapse
Sam didn't do it. He didn't defraud anyone, he didn't steal customer funds – he just built a company which "turned out basically the opposite" of the product he envisioned when he founded FTX: "A lot of people got hurt – customers, employees – and
U.K. Publishes Final Proposals for Crypto, Stablecoin Regulation
The U.K. government published its final proposed rules for crypto and stablecoins on Monday.
Bitcoin Whales Take Charge as Number of $100K Transactions Surge
The number of transactions of over $100,000 processed on the Bitcoin blockchain rose to a new year-to-date high last week.
CME on the Cusp of Replacing Binance as Top Bitcoin Futures Exchange
With a notional open interest (OI) of $3.54 billion, CME is now the second-largest bitcoin futures exchange.
Thailand’s Kasikorn Bank Buys Majority Stake in Satang Crypto Exchange for $103M
The move continues a trend of Thailand's major traditional financial institutions moving into crypto.
Sam Bankman-Fried Rebuffed Barry Silbert's and Celsius' Requests for Help, Ex-FTX CEO Testifies at His Trial
Sam Bankman-Fried Started Buying Solana's SOL at 20 Cents Using 'Alameda Profits,' He Says at His Trial
"I believed the funds came from Alameda’s operating profits" as well as third-party lenders, he testified Friday at his fraud and conspiracy trial.
Bitcoin's 14% Weekly Gain Signals 'End of an Era' as Big Tech Dumps, Analyst Says
Bitcoin's advance this week coupled with gains across all digital asset sectors, highlighting the breadth of the crypto rally.
Gemini Sues Bankrupt Lender Genesis, Its Former Partner, Over $1.6B Worth of GBTC
Cryptocurrency exchange Gemini has sued lending firm Genesis Global over 60 million GBTC shares that were pledged as collateral for Gemini's Earn users.
Crypto Miners Lobby U.S. Lawmakers to Counter Environmental 'Misunderstanding'
When crypto mining is discussed in the U.S. Congress, it's often tied to claims that mining operations are environmental parasites, sapping finite energy resources. But representatives of that sector flooded offices on Capitol Hill this week to…
Bitcoin Catches Market Cap of Elon Musk's Tesla Amid ETF-Fueled Rally, but Traders Cautious Ahead of Fed Meeting
The Fed is widely expected to hold rates steady next week, but traders will be watching for signals about future policy moves.
Binance Founder CZ's Wealth Falls About $12B as Trading Revenue Slumps: Bloomberg
Changpeng Zhao's wealth dropped to $17.2 billion from a previous estimate of $29.1 billion.
What’s the Deal With Sam Bankman-Fried’s ‘Advice of Counsel’ Defense
And why is it causing so much controversy in court?
LIVE: Sam Bankman-Fried Throws Caroline Ellison Under Bus in Testimony
The former crypto billionaire's lawyer focused on trying to spin prosecutors' narrative about FTX and Alameda Research's collapse in a way more favorable to SBF.
Digital Pound Consultation Received Over 50,000 Responses, With Privacy a Major Concern
Many of the respondents outlined concerns around privacy, programmability and the decline of cash, Jon Cunliffe, deputy governor of the Bank of England said.
First Mover Americas: Bitcoin and Ether Options Activity Hits $20B
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 26, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Hi's Mastercard Debit Card Adds Option to Spend Sandbox's Token SAND
Cardholders of the hi Debit Mastercard, a partnership between crypto payments application hi and Mastercard, can now spend Metaverse platform Sandbox’s SAND token as a currency in eligible markets.
Crypto Assets Under Management Jump to $31.7B; SOL-Based Products Rise 74%: CCData
Bitcoin-based products have increased their market share to 73.3% from 70.5% amid optimism over the possible approval of a spot-price exchange-traded fund.
Craig Wright Wins U.S. Appeal in Billion-Dollar Bitcoin Dispute
A Florida jury was right to say the self-proclaimed inventor of cryptocurrency wasn't in partnership with David Kleiman when they mined bitcoin together, an appeals court ruled.
Ethereum’s Dencun Upgrade Is a Step Toward a Scalable Settlement Layer: Goldman Sachs
The upgrade will enhance the blockchain’s scalability using rollups, will optimize gas fees and improve the network’s security, the report said.
Standard Chartered-Backed Zodia Markets Gains Registration in Ireland
Ireland is emerging as an attractive destination for crypto firms; Coinbase designated the country as its EU hub earlier this month.
Sam Bankman-Fried’s Terrible, Horrible, No Good, Very Bad Day
Sam Bankman-Fried began his testimony like the brilliant former golden boy from crypto’s better days. He ended the longest, strangest, most torturous day yet of his criminal trial more imperiled than ever before.
South Korean Investors Prefer Altcoins to Majors, Tron to Ethereum: DeSpread Research
Koreans trade differently to the rest of the world, market data shows.
Floki Pounces on Trillion Dollar RWA Narrative With New TokenFi Platform
“The tokenization industry is projected to be a $16 trillion industry by the year 2030,” Floki lead developer ‘B’ told CoinDesk in a Telegram message