BTC price aims for $68K as US unemployment beat ups Fed rate cut odds
Bitcoin sails higher on US jobless claims, with the BTC price dip to $65,000 swiftly being left behind.
Posts published on October 24, 2024 go to media archive 3/5
Kraken to launch Ink blockchain for DeFi in early 2025
Kraken’s new blockchain, Ink, will simplify decentralized finance access, offering trading, lending and borrowing services without intermediaries.
Tether proposes boron-backed tokens to Turkey’s government
Turkey’s state-owned boron miner estimates the country has more than 70% of global reserves of borate minerals.
Memecoin search interest and market performance steals spotlight from Bitcoin
Memecoins have surged in popularity, outpacing Bitcoin in both search interest and market gains, but how long the trend will last is unclear.
Kraken Picks Optimism for New Layer-2 Network, Joining Coinbase's Base on 'Superchain'
The disclosure comes nearly a year after CoinDesk broke the news that Kraken was considering its own layer-2 network, following the runaway success enjoyed by Base after it launched in mid-2023.
Vintage 2011 Bitcoin Wallet Moves $10M, Linked to All of October’s 2011 Spends
On Oct. 24, at block height 867,127, a bitcoin wallet from 2011 suddenly moved 150 bitcoins, marking the first transaction in over 13 years. This is the fifth occurrence this month of bitcoins from 2011 being spent, and it’s extremely likely…
CoinDesk 20 Performance Update: UNI Gains 6.3% as Nearly All Index Constituents Trade Higher
Bitcoin Cash was also among the top performers, gaining 2.9% since Wednesday.
The ECB Economists Aren't Exactly Wrong About Bitcoin (They’re Just Useless)
Follow Aaron on Nostr or X. Earlier this month, the European Central Bank (ECB) published a paper in which the authors claim the existence of Bitcoin could impoverish non-holders and latecomers.Specifically, they wrote:“Since Bitcoin does not…
Does Jack Dorsey Influence Bitcoin?
Follow Vivek on X. I recently stumbled upon a fantastic report from 1A1z on "Funding Bitcoin." I was surprised to learn that Jack Dorsey funds over 60% of Bitcoin Core's development via different organizations: over $5 million annually, out of a…
PiP World’s ‘Gold Rush’ Telegram Mini-Game Passes Half A Million Users in its First Month
Bitcoin Price Retests Bullish Channel At $65,000, Analyst Reveals What’s Next
Crypto analyst MMBT Trader has revealed that the Bitcoin price is retesting a bullish channel at the $65,000 price level. He further mentioned what market participants should expect if the flagship crypto holds above or breaks below this bullish…
Synthetix, Kwenta launch v3 perpetuals on Arbitrum
The v3 launch marks the DeFi protocol’s first big product rollout after a governance overhaul in October.
GnosisDAO approves $40M venture fund for RWA, decentralized infrastructure
GnosisVC will back projects working on real-world assets, decentralized infrastructure and onchain payments platforms.
Cardano unlocks $1.3T Bitcoin liquidity with BitcoinOS bridge integration
Cardano taps BitcoinOS to integrate Bitcoin liquidity into its DeFi ecosystem using zero-knowledge cryptography for secure cross-chain functionality.
First Mover Americas: BTC Rebounds to $67K After Subdued U.S. Economic Data Reading
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 24, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
‘Deep Chainsaw’ Sinks Deeper as Milei Axes Tax Enforcer in Argentina
President Javier Milei has taken yet another step in reducing the size of the state. Through the President’s Office X account, Milei revealed that he would axe AFIP, the current tax enforcer in Argentina, replacing it with a simpler, smaller…
Ethereum ICO participant dumps 3,000 ETH for $7.6M cash out
After selling 10,000 ETH in the past few months, the Ethereum ICO participant still has 37,000 ETH to cash out.
$200,000 Bitcoin In 2025? $791 Billion Asset Manager Calls It ‘Conservative’
Bernstein Research, the esteemed research arm of global asset manager AllianceBernstein, is projecting that Bitcoin will reach $200,000 by the end of 2025. The firm, which manages assets worth $791 billion as of August 2024, labels this prediction…
TeraWulf to raise $350M in convertible notes for share repurchase
TeraWulf’s focus on raising capital through institutional buyers suggests confidence in its future despite volatile cryptocurrency markets.
Bitcoin could be used as currency by 2030 — CryptoQuant CEO
Bitcoin mining difficulty has surged by 378% over three years, signaling the potential for institutional-driven BTC stability by 2030.
Bitcoin.com Enhances Cross-Chain Swaps on Verse DEX With deBridge Integration for Faster, More Efficient Trading
Bitcoin.com, a pioneer in the Bitcoin and crypto space since 2015, has announced a significant upgrade to the cross-chain swap capabilities on its decentralized exchange, Verse DEX, thanks to a partnership with deBridge. The new integration brings…
Solana Looks Overbought Against Ethereum; Bitcoin-Gold Ratio Stuck in a Downtrend
The SOL/ETH pair trading on Binance looks overbought after four-month winning trend.
Bitcoin ETF Inflow Streak Breaks With Nearly $80 Million Outflows In Sudden Reversal
The recent increase in the appeal of spot Bitcoin exchange-traded funds (ETFs) in the United States has temporarily ceased. On Tuesday, these funds underwent a reversal, resulting in net outflows of $79.01 million, following an extraordinary…
El Dorado CEO: Venezuela Highlights Stablecoins’ Use Case as a ‘Tool for Resilience’
Guillermo Goncalvez, founder and CEO of El Dorado, a Latam-focused P2P exchange, has reflected on the rise of stablecoins from a niche product to a widely used tool in Venezuela. Goncalvez states that, as Venezuelans shift to using the dollar due…
Coinbase-backed Base to improve decentralization with fault proofs
Base will implement fault proofs on the mainnet twice as fast as Optimism, which took about six months to upgrade the system from testnet to mainnet.
Gold Rally Needs to Pause for Bitcoin Price to Break All-Time High, Data Suggests
In the past seven days, over 1 million ounces have gone into gold ETFs, the biggest inflow since October 2022.
Government Lawyers Defend Nishad Singh Saying He Provided ‘Substantial Assistance’ in FTX Investigation
Prosecutors in the case against former FTX executive Nishad Singh have asked the sentencing judge to take into account the “substantial assistance” and “exemplary cooperation” Singh provided to the government in its investigations into FTX when…
FCA-Regulated Crypto Trading Firm Portofino Technologies Sees Staff Exodus
The firing of the firm’s co-founder and its CFO in July triggered a wave of departures.
Bitcoin Trader Warns of Correction as BTC Dominance Reaches 2021 Levels; Solana Leads Market Gains
Dominance refers to the ratio between the market capitalization of BTC to the total market capitalization of all cryptocurrencies combined and is often used as a gauge for market sentiment. PLUS: Some Solana tokens are up as much as 70%.
Bitcoin’s Current Decline Could Be Temporary—Key Signs of A Rally Revealed
Bitcoin (BTC) has seen a slight price decline recently, but according to a new analysis, there could still be signs of a potential short-term uptrend. A CryptoQuant analyst, Yonsei Dent, shared his insights on the CryptoQuant QuickTake platform…