How Tokenized Assets Can Replace Money
And why universal payments using fractionized assets is unlikely to happen soon.
Posts published on January 17, 2024 go to media archive 2/3
Why 2024 Will Be Bitcoin's Year
ETF approvals and a halving set for April will change the supply-and-demand dynamic of bitcoin, likely sending the price higher, says John Stec at Global X.
HODLing Rewards: Average Bitcoin Long-Term Holder Now Carries 55% Profit
On-chain data shows the Bitcoin long-term holders (the so-called HODLers) are now carrying an unrealized profit of 55% on average. Bitcoin Long-Term Holder NUPL Has Hit A Value Of 0.55 According to the latest weekly report from Glassnode, the…
MetaMask's Secret Project Could Shake Up How Ethereum Works
MetaMask is quietly testing new tech that uses third parties to route user transactions. It will eventually be made available outside of MetaMask and will be closely scrutinized for how it manages to avoid centralization concerns.
Pricing Out Inscriptions
The battle for the future of Bitcoin is raging in real time on twitter as we are on the cusp of global economic contraction, thanks to 50+ years of the USD fiat regime, and are eagerly waiting for the approval of a spot Bitcoin ETF by the SEC. Yet…
$9.6 Billion in 3 Days — ETF Analyst Highlights Remarkable Early Success of Bitcoin ETFs
On Tuesday, the third day of trading for the U.S.-based spot bitcoin exchange-traded fund (ETF), there was a noticeable decrease in activity with trading volumes falling by 37% from the levels seen on Jan. 12, 2024. The day concluded with most…
SUI Overtakes Bitcoin, Aptos To Become 13th-Largest DeFi Network
The SUI blockchain has been ramping up since the year 2024 began, and a natural consequence of this rapid growth is that it has now surpassed some major players in the decentralized finance (DeFi) space. This has put it ahead of heavy hitters such…
Jamie Dimon Bashes Bitcoin Again: 'A Pet Rock'
The JPMorgan CEO said this will be the last time he airs his opinion on bitcoin.
Bitcoin ETF Makes Waves: Volumes Surge $10 Billion 3 Days
Bitcoin Spot Exchange-Traded Funds (ETFs) have once again garnered the attention of crypto enthusiasts and investors as the products have witnessed a whopping $10 billion in total trading volume in the first three days of trading. Bitcoin Spot ETF…
Bitcoin Technical Analysis: BTC Balances Above $42,000 Amidst Downtrend Signals
Bitcoin has been holding steady above the $42K zone and over the past hour, the leading crypto asset has changed hands for $42,425 to $42,597 on Wednesday morning around 9:30 a.m. Eastern Time. The digital currency’s market valuation on Jan…
Shibarium Shatters Records: 2 Million Transactions In A Day – Details
After a month of quiet paws, Shibarium, the Layer-2 solution for the popular meme coin Shiba Inu, has roared back to life with a staggering 200% increase in daily transactions over the past two days. This surge marks a dramatic turnaround from its…
'The Dow' for Crypto Markets? New CoinDesk 20 Index Underpins Futures Contracts at Bullish
Perpetual futures tied to the index at crypto exchange Bullish, which owns CoinDesk, could help the CoinDesk 20 become a widely followed benchmark akin to the 128-year-old Dow Jones Industrial Average.
Grayscale Bitcoin ETF Bleeds: Traders Make $579 Million Run On The Fund
Grayscale, an American digital asset management company, has witnessed a staggering amount of outflows in its Spot Bitcoin ETF, Grayscale Bitcoin Trust (GBTC). Analysts speculate that the outflows may be linked to several factors, including high…
First Mover Americas: Altcoins Lead, Bitcoin in Stasis Near $42.6K
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 17, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Nigerian Crypto Startup Reveals Closure of $2.3 Million Strategic Funding Round
The Nigerian crypto startup revealed on Jan. 16 that the firm had closed a $2.3 million strategic fund to finance the acquisition of operating licenses from different African regulators. Canza Finance said it hopes the new licenses and the defi…
The Environmental Cost of Gold Mining
King Ferdinand of Spain, sponsor of Christopher Columbus, had only one command for the conquistadors: “Get Gold! Humanely, if possible, but at all hazards!” 500 years later this sentiment still seems to be the same, with the addition of new…
XRP Price Remains On Track To Reach $27 By July: Crypto Analyst
In a recent technical update EGRAG Crypto presented a compelling case for the XRP price, with historical comparisons that are suggestive of a significant upward trend. The focal point of his analysis is the Average Sentiment Oscillator (ASO), an…
ARK Buys $15.9M Worth of Its Own Bitcoin ETF
ARK sold a similar amount - $15.8 million - worth of shares in the ProShares Bitcoin Strategy ETF (BITO), the first ETF linked to the bitcoin futures market to list in the U.S.
Bitcoin's ‘De-Dollarization’ Narrative Loses Ground As USD Tightens Its Grip on International Transactions
The crypto market's de-dollarization expectations look premature as the greenback remained the preferred currency in international transactions in 2023.
Circle Report Shows USDC Navigating Challenging Waters in 2023
Despite a challenging 2023 with a substantial decline in circulating supply, a Circle report claims USDC emerges resilient, experiencing a surge in real-world applications and a decrease in speculative trading. A Resilient Year for USDC Amidst…
Chiliz (CHZ) Jumps Over 40%: Reasons Behind The Hot Streak
Chiliz (CHZ), the crypto powering fan engagement in sports and entertainment, is on fire, erupting 45% in the past week and leaving both fans and analysts cheering. This meteoric rise isn’t just about passion play though, with hard data…
Tether Criticizes UN Report for Ignoring USDT’s Role in Helping Developing Economies
Indonesian Crypto Exchanges Blame Dramatic Drop in Trading Volumes Partly on High Taxes
Indonesian crypto exchanges saw a sharp 60% drop in trading volumes in 2023, challenging its reputation as a fast adopter of digital assets.
The Grayscale Effect: The Bitcoin Price Has A New Prime Trading Hour
The crypto trading landscape is witnessing a paradigm shift with the recent introduction of spot Bitcoin ETFs in the United States, catalyzing a new wave of trading dynamics. Bloomberg analyst James Seyffart revealed that the total trading volume…
Fidelity's Jurrien Timmer Says Bitcoin to Consolidate Recent Gains Amid ETF Hangover
Some have forecasted sharp declines in bitcoin's price as traders 'sell the news' post-ETF approval, but Fidelity's Director of Global Macro disagrees.
Bitcoin Backs Down: Ethereum Steals The Spotlight With Surge In Market Dominance
Amidst the lull in the realm of Bitcoin, Ethereum emerges as a trailblazer, confidently charting its course. While the crypto king takes a breather following its ETF approval, Ethereum, undeterred, is experiencing a surge in both price and…
Ripple President Monica Long: It’s ‘Critical’ for Crypto to Be Represented at Davos
Monica Long, president of financial and cryptocurrency services company Ripple, has given her take on the presence of cryptocurrency industry actors at the World Economic Forum (WEF) event at Davos. Long stated she considers it…
Ethereum’s Dencun Upgrade Goes Live, But Fails to Finalize on Testnet
Developers said the missed finalization was likely due to an expected lack of participation and older network validators.
Bitcoin Sees Its First Ever Weekly 'Golden Cross'
The 50-week simple moving average (SMA) of bitcoin's price has crossed above the 200-week SMA for the first time on record.