The cryptocurrency surged nearly 12% to $61,720 on Thursday alone, the biggest single-day UTC gain since Feb. 28, 2022, when prices rallied over 14%, according to charting platform TradingView. The total crypto market capitalization rose 11% to $2.11 trillion, the biggest jump since Nov. 10, 2022. Source
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…
“If adopted, the rule would capture contracts as “gaming” that by any common understanding are not, in fact, gaming,” Coinbase wrote, arguing that this is inconsistent with “legislative history related to gaming, neither of which suggest that gaming should extend beyond sporting events”. Source
“RSM’s decision was not a result of any disagreements with the Company on accounting principles, practices, financial statement disclosure, or auditing scope or procedure,” Ionic said in the statement, adding that it has made good progress in finding a replacement. Source
In an overwhelming job market, leaning into personal networks and connections are more important than ever. Emily Landon, CEO of The Crypto Recruiters, outlines what is happening in the crypto job market and how you can position yourself or your company in 2024. Source
Blockchain data shows that early investors, or insiders, made $4 million of profits in six hours on the token’s rise and fall, onchain sleuth Lookonchain found. Five crypto wallets bought 105 million of RTR with $882,000 worth of SOL, then sold 95 million tokens for $5 million in SOL. Source
“It’s an opportunity that if it works correctly, it can outperform bitcoin’s performance,” Brian Dixon, CEO of Off The Chain Capital told CoinDesk. “From our goal as an investor, we’re looking for these discount or value opportunities and we work really hard to try to outperform bitcoin.” Source
Meanwhile, Russian President Vladimir Putin signed a bill that legalizes crypto mining in the country. “Russia seems to be acting to keep up with the US. Nation-level bitcoin FOMO (fear of missing out) is heating up,” said Ki Young Ju, CEO of crypto analytics firm CryptoQuant. “Their entry will boost the hashrate, strengthen network fundamentals, and diversify miner politics.” Source
Digital assets prices saw their biggest selloff since the 2022 FTX implosion earlier this week, mostly driven by contagion in traditional markets, with bitcoin falling more than 15% before rebounding somewhat, the bank’s analysts wrote. The selloff in crypto was mostly driven by retail investors, while momentum traders also contributed by exiting their long positions and building shorts, the bank said. Source
Under the order, the bank has to soon provide the Fed a series of written plans and a new approach to compliance, including an agreement to “ensure that the Bank collects, analyzes, and retains complete and accurate information for all customers.” The bank must notify the Fed 30 days in advance of taking on “any new strategic initiative, product, service, or relationship with third parties related to the digital asset strategy.” Source