Month: August 2024

Charles Hoskinson Fears Dystopia and ‘Death of American Cryptocurrency Industry’ If Kamala Harris Is Elected

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Cardano (ADA) founder Charles Hoskinson believes a Kamala Harris victory in November is bad news for the United States. Hoskinson says on the social media platform X that he fears if Democrat nominee Kamala Harris wins the presidential race, it could be a death knell for the crypto industry in the US. It is Hoskinson’s opinion that a Trump victory would be good for the industry. “It’s clear that if Trump wins, [Robert F.] Kennedy [Jr] will be part of his administration… and the United States will be pro-crypto. I…

Centralized Exchanges See $26B in Bitcoin and Ethereum Outflows Since January

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Over the past seven months, data from cryptoquant.com reveals a staggering $26 billion worth of bitcoin and ethereum has been pulled from centralized crypto exchanges. During the same period, trading platforms have seen an influx of $9.1 billion ERC20-based tethers since Jan. 1. Bitcoin and Ethereum Scarcity Grows as $26 Billion Leaves Centralized Exchange Bitcoin […] Original

Hong Kong Exchange Appoints Nomura's Former Exec to Lead Global Issuer Services

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Hong Kong Exchanges and Clearing (HKEX) has appointed Johnson Chui, a seasoned investment banker with over two decades of experience, as Managing Director and Head of Global Issuer Services. Chui’s role will be pivotal in HKEX’s efforts to draw international companies to list in Hong Kong, diversifying the exchange’s predominantly mainland Chinese issuer base, South China Morning Post reported. HKEX’s Global Aspirations Chui’s appointment also signals the exchange‘s commitment to expanding its international reach. Chui will lead teams across Hong Kong, mainland China, London, and Singapore, focusing on attracting a…

Bitcoin Price (BTC) Falls 1.8% While Ether Price (ETH) Drops 2.6%

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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…

Nasdaq files for SEC approval to launch Bitcoin index options

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Nasdaq just filed with the U.S. Securities and Exchange Commission to list and trade Bitcoin Index Options. These options will track the price of Bitcoin (BTC) represented by the CME CF Bitcoin Real-Time Index, according to a press release. These options aim to provide increased transparency and reliability to the crypto market. Pending regulatory approval, this initiative would allow investors to better manage and hedge their crypto positions, thereby enhancing liquidity and maturity within this digital asset class. Bitcoin index options The options will feature European-style exercise and cash settlement,…

Bitwise to acquire assets of Osprey Funds’ Bitcoin Trust

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Crypto index fund manager Bitwise is set to acquire the assets of its rival, Osprey Bitcoin Trust. Bitwise, the largest crypto index fund manager in the U.S., announced in a press release on Aug. 27 that it has entered into an asset purchase agreement with Osprey Funds to acquire the assets of the Osprey Bitcoin Trust. While the financial details of the transaction were not disclosed, OBTC unitholders under the terms of the deal will receive BITB shares in a liquidating distribution, with no changes expected for existing BITB holders.…

French Court Extends Telegram CEO Pavel Durov’s Police Custody

French prosecutors have announced that an investigative judge extended the police custody of Pavel Durov, CEO of Telegram, on Monday evening for up to 48 hours. After that, French authorities must either release or charge him. Durov was detained on Saturday at Le Bourget airport amid a judicial investigation launched last month concerning 12 alleged […] Source CryptoX Portal

4 reasons why Bitcoin price could rise to $68k

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Bitcoin price has retreated for two consecutive days as last week’s momentum in the crypto and stock market faded. Bitcoin (BTC) retreated from Sunday, Aug. 26 high of $64,960 to $62,300. Still, there are four main reasons why the coin may stage a comeback and retest the important resistance point at $68,000. Futures open interest is rising Third-party data shows that demand for Bitcoin in the futures market is making a strong comeback. Data from SoSoValue suggest that interest jumped to $34.7 billion on Aug. 26, its highest point since…

Crypto Experts Believe Greatness Is On The Way For Mpeppe (MPEPE) and Husky Inu (HINU)

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Certain projects stand out for their potential to achieve greatness. Two such projects, Mpeppe (MPEPE) and Husky Inu (HINU), are rapidly gaining recognition among crypto experts. These tokens are not only capturing the interest of investors but are also being hailed as future stars in the digital asset space. Here’s why experts believe that greatness is on the horizon for Mpeppe (MPEPE) and Husky Inu (HINU). Mpeppe (MPEPE): A Revolutionary Approach to Community and Wealth Creation Mpeppe (MPEPE) is far more than just another memecoin; it represents a movement that…