IntroductionAn exchange-traded fund (ETF) is a type of investment that tracks a specific asset or commodity, in this case, bitcoin. ETFs can be bought and sold on stock exchanges and brokerage accounts, with the custody of the underlying asset…
Crypto Trading Volumes Fall To Lowest Level In 2023 Amid Bear Market Woes
According to a report by CCData, a digital assets data provider, crypto trading volumes on centralized exchanges in July fell to their lowest this year as the bear market lingers. Spot trading volumes dipped by 10.5% to $515 billion, while…
Miami Mayor Francis Suarez to Accept Presidential Campaign Donations in Bitcoin
Bitcoin-friendly Miami Mayor Francis Suarez will be accepting donations in bitcoin (BTC) and other crypto for his presidential campaign, he announced on CoinDesk TV on Friday.
Whistleblower Edward Snowden to Headline the Bitcoin Amsterdam Conference
The Bitcoin Amsterdam Conference is thrilled to welcome renowned whistleblower and cybersecurity expert, Edward Snowden, to its landmark event, where he will share his insights on the intersection of digital currency, privacy, and the future…
Will Bitcoin Rebound Anytime Soon? Here’s What On-Chain Data Says
Bitcoin has continued to struggle recently as its price is still in the low $29,000 level. Here’s what on-chain data says about if a rebound is likely or not. What Does Bitcoin On-Chain Data Say About The Asset’s Near-Term Outlook?…
Certik Uncovers Security Vulnerability in Worldcoin’s Verification Process
On May 29, 2023, Certik, a blockchain and smart contract auditing firm, reported a critical security vulnerability within Worldcoin’s verification process. This flaw could have allowed attackers to bypass strict identification measures and…
Avalanche Blockchain Usage Grew in Second Quarter: Nansen
The Avalanche C Chain saw daily active address and transaction volume – two important metrics to gauge a blockchain’s health level – increase significantly in the period.
'The SEC has violated due process' — Coinbase CLO on motion to dismiss lawsuit
Lawyers for Coinbase cited precedent from the SEC v. Ripple case, in which a judge ruled that the XRP token largely did not qualify as a security by the commission’s standards.
Shiba inu was one of Friday’s biggest movers, as markets reacted to the news that Binance had approved the meme coin as a collateralized asset. The cryptocurrency exchange confirmed that it was adding 22 new loanable and collateral assets to its…
Bitstamp Makes Highly Anticipated XRP Announcement, But Does It Live Up To The Hype?
On Wednesday, August, 2, crypto exchange Bitstamp made a cryptic tweet teasing a new announcement and development for XRP. The exchange kept its promise and made the announcement. However, did it live up to the expectations and hype? The Big…
Coinbase Bears Doubt Stock Can Rise Even After Exchange Beats Estimates
It’s hard to see a favorable valuation argument for the stock given the company’s revenue is tethered to an asset class that has yet to show a sustainable everyday utility value, Goldman Sachs said.
Is SUI Price Stability Under Threat Due To Transactional Boom And Bust?
Sui network’s persistent growth propelled it into the league of the top 100 cryptocurrencies by market capitalization, but the value of the SUI token has been on a downward trajectory. Sustaining this heightened market position presents…
An Ethereum wallet funded by a beneficiary of the Multichain exploit has sold $1.8 million worth of WOO Network (WOO) tokens on Uniswap, causing the price to slump by 8%.
Bitcoin has flashed an important high timeframe buy signal on the Vortex Indicator. Find out why this suggests a storm of buying could be brewing in crypto — and why it could soon suck up everything in its path. Forecasting A Storm in Crypto Like a…
Bitcoin’s Rollercoaster Year: A 29% Gain From August 2022 to 2023 Despite Recent Dips
Over the past 30 days, bitcoin has dipped by 5%, yet the leading cryptocurrency has seen a gain of 29.05% from August 3, 2022 to August 3, 2023. Moreover, BTC’s value in 2023 alone has surged more than 75% against the U.S. dollar, standing…
Will Binance’s Zero-Fee Trading Help Bitcoin And Ethereum Prices
Binance, the world’s largest crypto exchange, recently added the BTC/FDUSD and ETH/FDUSD trading pairs to its zero-fee trading program. Binance recently listed FDUSD, a 1:1 USD stablecoin on the BNB smart chain issued by Hong Kong-based…
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Around $29,000 Ahead of Nonfarm Payrolls
Bitcoin is trading near a support point of $29,000, ahead of today’s U.S. nonfarm payrolls (NFP) report. It is expected that 200,000 jobs were added to the economy last month, down from 209,000 in June. Ethereum was marginally lower on…
First Mover Americas: Upbit Moves Up to No. 2 in Spot Trading Volume
The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
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