One bitcoin analyst sees renewed losses in the short term, with the price falling by $5,000 from the going market rate of around $58,500. “Bitcoin is likely to fall by $5K rather than rise by the same amount,” Alex Kuptsikevich of FxPro said in an email. Kuptsikevich’s bearish take stemmed from bitcoin’s failure to keep gains above $60,000 in the wake of the death cross, a bearish crossover of the 50- and 200-day simple moving averages. “Bitcoin does not break above $60K and faces selling after it tried to break…
Category: ICO
U.S. Crypto Insiders Courting Vice President Harris Chase Whispers of Her Openness
Industry insiders have balked this week at some of the news of Harris’ campaign hires, because the officials — including President Joe Biden’s former director of his National Economic Council, Brian Deese, and Bharat Ramamurti, who was the council’s deputy director — have been associated with past actions against crypto. She’s also tapped Brian Nelson, a former senior Treasury Department who spent some of his tenure scrutinizing the role of digital assets in terrorism and illicit finance, but she also brought on David Plouffe, a high-profile Democratic political mind who…
Bitcoin (BTC) Likely to Fall by $5K Than Rise by Same Amount: Analyst
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…
Hamster Combat Says It Skipped VC Fund Offers, Bashes 'Exit Liquidity' Behaviour
The wildly popular Telegram game has apparently amassed millions of users since its April release. Source
Bitcoin's Prospects Strengthen as Key Stablecoin Metric Slides to Lowest Level in 18 Months
The dwindling metric points to declining selling pressure in the bitcoin market. Source
Liquidators for Three Arrows Capital Now Sue Terraform Labs for $1.3B: Bloomberg
This case alleges that TerraForm induced 3AC to purchase Luna and TerraUSD by manipulating the market for these tokens “in a manner that artificially inflated the price for the assets” before they were wiped-out, the liquidators said in court papers, as per Bloomberg. Source
Ether (ETH) Prices Beats CD20 as ETH ETFs Post Positive Inflows, DEX Tokens Rise
Data from SoSoValue shows that daily net inflow into the U.S.-listed spot ether ETFs his $4.93 million Monday, with Grayscale’s two funds posting no flows, while Fidelity’s FETH hit $3.98 million in inflow, Franklin Templeton’s EZET posting $1 million in inflow, and Bitwise’s ETHW clocking $2.86 million in positive flow. Source
Bitcoin and Crypto Go Unmentioned During Trump-Musk X Space
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…
What I Learned About Crypto’s Future From Basecamp and FWBFest
In the mountains of Idyllwild, CA, a convergence of technologists, artists, and optimists surrendered themselves to the future. I had the opportunity to spend two recent days at Basecamp, Base’s summer retreat, followed by two more at FWB FEST (Friends With Benefits’ annual gathering), where around 1,000 attendees enjoyed music, art, and ideas while exploring the frontiers of on-chain technology and culture. These experiences provided me with insights about the future of blockchains. Here are my six key takeaways. Source
VCs Show 'Flight to Quality' in Q2 Funding Report
PitchBook reports $2.7B in venture funding, up from Q1, but with less deal flow. It expects $12-14B for the year, up significantly on 2023’s numbers. Source