Are Airdrops Effective Marketing?
Everyone likes getting something for nothing, but distributing tokens is only worthwhile if it also attracts longterm builders and users rather than just momentary buzz.
Posts published on February 7, 2024 go to media archive 2/3
Crypto Titan Digital Currency Group Opposes Genesis’ Restructuring Plan for Favoring Select Creditors
In a legal document filed on Feb. 6, 2024, the crypto juggernaut, Digital Currency Group (DCG), voiced opposition to Genesis’ revised bankruptcy strategy for multiple concerns. DCG argues that the plan favors certain creditors over others…
Forget ETFs, Let’s Work on Tokenizing the Whole Value Chain
“Tokenization” — the biggest buzzword in crypto markets currently — means not just bringing new digital assets on-chains, but, in the future, originating and settling them on-chain as well.
Diversifying Stability: Stablecoins Finding Home Beyond the Greenback
Following the success of Tether and USDC, a generation of stablecoins are offering new features for investors and holders, says Scott Sunshine, Managing Partner of Blue Dot Advisors.
Cardano Activity Sees New Life That Could Send ADA Price Soaring, Here Are The Targets
Cardano (ADA) has been stuck in a price rut recently, but behind the scenes, activity on the Cardano blockchain is exploding. Transaction volumes and wallet addresses are all growing, showing that interest and adoption of the network are growing…
EIA Mining Survey Looms Large Over Bitcoin Mining Industry
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now…
Bitcoin Miner Hut 8 Shares Slide as CEO Departs Weeks After Short-Seller Report
Former CEO Jamie Leverton is succeeded by president Asher Genoot.
Farcaster's Dan Romero Explains How 'Frames' Did What X (Twitter) Doesn't
The decentralized social network Farcaster is enjoying a breakout after last week's introduction of "Frames" – a new feature that could attract attention from developers and, eventually, mainstream users. CoinDesk's Jenn Sanasie sat down with…
Rubin's Reubens And The Push For CTV
You may have noticed a new trend on bitcoin twitter lately, people changing their profile pictures to some form of a Reuben sandwich. I am going to explain what this means, why you should care and why you should consider also becoming a Reuben…
Ex-Ripple Director Heralds ‘Big News’ For XRP, Can Price Respond?
Sean McBride, the former Director of Global Talent Acquisition at Ripple, has hinted at significant upcoming news for Ripple and XRP. McBride’s announcement, made via a post on X (formerly known as Twitter), has sparked a mix of excitement…
Quantum Cats NFT Collection Jumps in Value, Dominates Secondary Market Trade Volume
Social App Friendzone to Start Operations on Polygon Network This Month
Friendzone was built by early team members from Band Protocol, Synthetix and Koinly and targets the social application space.
CME Trading Volume Reached Highest in 3 Years After Bitcoin ETF Approval
The total derivatives trading volume on CME rose 35% in January to $94.9 billion, the highest since October 2021.
Vibe Check: Coiling the Spring: CoinDesk Indices' Todd Groth
Periodic observations and market musings from Todd Groth, Head of Research, CoinDesk Indices.
XRP Bulls Looming: Analyst Predicts 400X With Historical Trend
XRP is one of the most affected crypto assets amid the general bearish sentiment within the market, as the token has been on a downtrend for a while now, struggling between the $0.49 and $0.50 price marks. XRP Could Be Poised For A Massive Surge To…
Prometheum, the Only U.S.-Registered Crypto Platform, Picks Ether as Its First Product
Prometheum Inc. – still standing alone as the only U.S.-registered crypto securities platform – has disclosed that the first digital asset it'll handle for clients will be ether {{ETH}}.
Bitcoin Technical Analysis: BTC Resilience Maintains Amidst a Balanced Crypto Market
First Mover Americas: BlackRock’s ETF Demand Ranks Among Top 5
The latest price moves in bitcoin [BTC] and crypto markets in context for Feb. 7, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
VeChain Ready For Big Moves: Analyst Identifies Key Factors That Will Drive VET To New ATH
Crypto analyst and YouTuber, Crypto ZX has released an update on VeChain (VET) price movements, predicting a surge to new all-time highs if the cryptocurrency succeeds in breaking certain resistance levels. Catalysts Behind VET’s Projected Price…
Blackrock’s Bitcoin ETF Rockets to Top Five in 2024 ETF Inflows After Just 17 Days
Blackrock’s Ishares Bitcoin Trust (IBIT) has rapidly ascended to the upper ranks of the exchange-traded funds (ETFs) market, landing among the top five in terms of 2024 inflows in just 17 days, showcasing the burgeoning investor interest in…
Ethereum's Dencun Upgrade Reaches Final ‘Holesky’ Testnet, Starting Countdown to Data 'Blobs'
The test simulated “proto-danksharding,” a technical feature aimed at reducing the cost of transactions for rollups as well as making data availability cheaper.
Another $2.5m Max Win on Bitcasino as It Celebrates 10-Year Milestone
PRESS RELEASE. February 7th, 2024, London, UK — The huge, max win prize dropped on Gates of Bitcasino, an exclusive game from Pragmatic Play created for Bitcasino players. Gates of Bitcasino is based on the classic slot title Gates of Olympus…
Cardano Price Stagnant At $0.48, But Charts Point To Potential Upswing
Cardano (ADA), the eighth-largest cryptocurrency, finds itself in a perplexing situation as it grapples with a battle between bullish and bearish forces, leaving investors deciphering mixed signals in a turbulent market. The optimism that briefly…
Rollup Platform Dymension’s DYM Reaches $5.2B Valuation After Botched Start
As of Wednesday morning, validator “Big Brain Staking” holds over 35% of staked DYM tokens – attracting criticism from DYM holders for its large network influence.
Crypto Crime Could Mean Jail for Life in South Korea
The new consumer protection rules will take effect in July 2024.
ENS Partners Godaddy to Link Domains and Web3 Addresses
Ethereum Name Service (ENS), a Web3 service provider, and Godaddy, a domain and web hosting company, announced they are partnering to link domains with Web3 addresses. The link between current internet domains and Ethereum-based domain services…
Dogecoin Massive Dump: 100 Million DOGE Floods Robinhood, Investors Brace For Price Impact
In a surprising turn of events within the cryptocurrency realm, Dogecoin (DOGE), the popular meme coin, experienced a frenzy in the broader crypto market. The cause of this excitement was a recent significant whale transaction that caught the…
Whales Grab $50M of Chainlink’s LINK as Price Climbs 40% in a Month
LINK is one of the year's top-performing tokens, driven largely by hype around the tokenization of real-world assets.
Ticking Time Bomb: Bitcoin Mega Squeeze Predicted In The Next 10 Days
Bitcoin has been moving sideways since mid-January, when the price broke out of a parallel upward channel to the downside. The BTC price is currently around the same price as on January 13. However, the time of dullness could soon be over, as the…
Bitcoin Emerges as ‘Flight to Safety’ Asset, Outshining Gold, Says Cathie Wood
ARK Invest’s CEO Cathie Wood believes there is a shift in investment trends, specifically, a growing preference for bitcoin over traditional gold investments. This trend has been particularly pronounced following the launch of spot bitcoin…