Month: September 2024

Cash Is Still King, Consumers Would Prefer to Use It Over Central Bank Digital Currencies (CBDCs): Deutsche Bank

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…

ICP-Based Bitcoin Token ‘ckBTC’ Will Bridge to Cosmos Through Osmosis

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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…

Don’t count on China’s trillion-dollar stimulus to rescue Bitcoin

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Could a flood of new liquidity from China’s massive stimulus spill into the crypto market, or is the excitement surrounding Bitcoin just misplaced optimism? Bitcoin to the moon? Lately, there’s been a lot of chatter about China’s potential $1.4 trillion stimulus, with some reports suggesting it could ignite a new crypto boom and send prices soaring.  Forbes, in particular, hinted at a “shock and awe” injection that might have wide-reaching effects, including on the crypto market. While the idea of this massive stimulus driving the crypto market to new heights…

Bitcoin Price (BTC) Fell 0.6% While Ether Price Dropped 1.9%

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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…

Blackrock makes its case for Bitcoin as its price stalls

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Blackrock, the largest asset manager in the world, has published a comprehensive report on Bitcoin.  In a report, BlackRock executives Samara Cohen, Robert Mitchnick, and Russell Brownback noted that Bitcoin (BTC) was a unique asset for diversification purposes. Bitcoin solves core money problems This report is notable because of the roles of the authors at BlackRock. Cohen is the Chief Investment Officer of ETF and index investments, Mitchnick is the company’s head of assets, and Brownback heads global positioning for fixed income. First, they noted that Bitcoin is a limited…

Can Bulls Stage A Comeback?

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Este artículo también está disponible en español. Chainlink is facing increasing bearish pressure as its price continues to edge lower, signalling a potential move toward the further downside. After a period of consolidation, the bears have regained control, pushing Chainlink closer toward the $9.28 support level.  However, bulls may not be ready to give up just yet. With market sentiment fluctuating, the possibility of a bullish comeback looms on the horizon. By examining key technical indicators and market sentiment, we seek to determine if LINK is poised for a deeper decline…

MicroStrategy increases convertible note offering by 25% to buy more Bitcoin

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MicroStrategy has raised its convertible note offering to $875 million, with plans to use the proceeds for redeeming existing debt and acquiring more Bitcoin. Business intelligence firm MicroStrategy, one of the largest corporate holders of Bitcoin (BTC), said in a press release on Wednesday, Sept. 18, that it increased its offering to $875 million in convertible senior notes due 2028, up 25% from a previously announced $700 million. According to the press release, the company, known for its aggressive Bitcoin acquisition strategy, plans to use the net proceeds to redeem…