The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk English Source
The Mt. Gox civil rehabilitation voting deadline to reimburse victims who lost money from hacks to the cryptocurrency exchange ends this Friday. Mt. Gox was hacked repeatedly from 2012 to 2014, eventually driving the exchange into insolvency. In May, the trustee presiding over the Mt. Gox civil rehabilitation case opened the voting on how to partially reimburse victims who lost money to the in hacks dating back nearly a decade. Those who don’t vote are deemed to have voted against the proposal, according to the trustee. A minimum threshold of…
This episode is sponsored by Kava, Nexo.io and Market Intel by Chainalysis. Today’s Stories: Bitcoin Approaching Resistance Near $52K; Support Between $48K-$50K Market Wrap: Bitcoin at $51K as the Bulls Return Bitcoin Futures Premium on CME Surges as ETF Speculation Grips Market Stock Futures Point to Fresh Selloff on Wall Street The Stock Market Hasn’t Been This Frenetic Since Early in the Pandemic U.S. factory orders gain steam as manufacturing keeps humming U.S. services activity forges ahead; trade deficit races to record high Builders Hunt for Alternatives to Materials in…
Bitcoin price volatility, a key driver of trading action, has boosted the exchange’s volumes of late, an analyst wrote Tuesday night. Oct 6, 2021 at 2:56 p.m. UTC Updated Oct 6, 2021 at 3:07 p.m. UTC Coinbase signage in New York on the day of the crypto exchange’s public market debut. (Robert Nickelsberg/Getty Images) Source
It has become an article of faith across the blockchain industry that there is enormous latent demand by users who are poised to take back control of their personal data. Aggregators, search engines and social media companies have done an amazing job of harvesting that data, pulling it all together into enormous data sets and then monetizing the information. Paul Brody is EY’s global blockchain leader and a CoinDesk columnist Time and again, consumers find out that what they thought to be anonymous and aggregated data sharing isn’t nearly as…
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At press time, bitcoin was trading at $54,220, up 8.7% over the last 24 hours. It was the highest price since May 12, before a crackdown by China on its domestic cryptocurrency and other negative news helped push the price below $30,000. In February, the bitcoin price had hit an all-time high close to $65,000. Original
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk English Source
The product will be launching natively on Arbitrum, per a press release provided to CoinDesk. Wu said that an Arbitrum-native release made more sense than the Ethereum base layer after the team studied various scaling solutions, coming to the conclusion that optimistic rollups would be the long-term solution to scalability. Source
A coordinated strike involving Europol, Interpol, and the U.S. Federal Bureau of Investigation (FBI) has led to the arrest of two “prolific” ransomware operators allegedly responsible for ransom demands of up to 70 million euros. In addition, $1.3 million in cryptocurrencies were seized. Ransomware Operators Arrested, Crypto Seized The International Criminal Police Organization (Interpol) announced Monday: Two prolific ransomware operators suspected of carrying out a string of attacks, demanding ransoms of up to EUR 70 million [$81 million], have been arrested in Ukraine. The arrests followed “a coordinated strike between…