HODLing Resurgence? 374,000 Bitcoin Transfer Ignites Recovery

Despite the recent decline, Bitcoin is seeing an interesting shift in investor behavior, with analysts like Crypto Tony betting on possible bullish momentum in the near future. Though the market is still highly unpredictable, a tendency for consolidation and holding on to gains is slowly showing up. Related Reading Crypto Tony recently commented that a break above could show the beginning of a new uptrend, referring to $58,300 as the key resistance level. The most recent data from Glassnode makes a move in this direction, which indicates that though the…

MetaMask Starts Rollout of Its Crypto Card with Mastercard (MA), Baanx

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Goldman Sachs reveals $418m bet on Bitcoin ETFs

Leading global investment banking firm Goldman Sachs has disclosed it holds $418 million in several Bitcoin-related exchange-traded funds. The revelation came through Goldman Sachs’ latest 13F filing for the second quarter of 2024, released on Aug. 14. According to the filing, the investment bank holds nearly 7 million shares worth more than $238 million in BlackRock’s iShares Bitcoin (BTC) Trust.  It also holds 1.5 million shares of the Fidelity Wise Origin Bitcoin ETF, currently worth almost $80 million, as well as 940,443 Invesco Galaxy Bitcoin ETF shares with a market…

7 Indicted in $300,000 Queens Bitcoin Theft, Say Prosecutors

Seven individuals have been indicted for stealing over $300,000 in bitcoin from a Queens resident. The charges against them include grand larceny, money laundering, and identity theft, stemming from a lengthy investigation into a cryptocurrency wallet hack. Using advanced hacking techniques, the group allegedly stole the bitcoin and now face potential sentences of five to […] Original

Expert Dives Into Tether’s Role As The Key

The Bitcoin (BTC) price has broken free from its recent consolidation phase, breaching the $60,000 mark and setting its sights on critical resistance levels essential for propelling the cryptocurrency to new all-time highs (ATHs). This surge comes amid emerging bullish momentum in the world’s largest digital asset. However, the key to continuing this breakout is the influential role of Tether (USDT), the largest stablecoin in the crypto ecosystem. USDT Minting Could Propel Bitcoin Beyond $73,700?  According to technical analysts, such as Doctor Profit, the continuous minting of USDT by its…

Ethereum Set for Overhaul of Crucial Programming Standard With ‘EVM Object Format’

“The problem that I see is that now performing these operations, performing these verifications, these checks, is also part of the consensus,” he told CoinDesk in an interview at the Ethereum Community Conference in Brussels. “That means if there’s a bug in there, and we deploy something that passes our verification, but has a bug in it, then it will later on crash in a very unexpected way.” Source

Crypto Exchange Crypto.com Secures Multiyear Sponsorship Deal With Soccer’s UEFA Champions League

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…