Category: ICO

Bitcoin (BTC) Price Bounces to $67K with Mining Stocks HIVE, WULF, CAN Rallying; XRP Leads Altcoins

Bitcoin has been chopping sideways in a tight range below its all-time record prices since March, flushing out excess leverage in liquidation cascades, and surely causing some impatience from market participants, particularly the “number go up” crowd. Underscoring the boring price action, bitcoin’s 30-day realized volatility has dropped to near historic low levels, Alex Thorn, research head of digital asset investment firm Galaxy, pointed out in an X post. Source

Telecom Giant and T-Mobile (TMUS) Parent Deutsche Telekom Plans to Mine Bitcoin

Deutsche Telekom has been very active in the digital assets sector for years. It has been running validators on networks such as Polygon, Q, Flow, Celo, Chainlink and Ethereum. The telecom giant also started Energy Web Chain last year, which the company said was “the world’s first public blockchain designed explicitly for the energy sector” and will help to create a “more decentralized, digitalized, and decarbonized energy system.” Source

Crypto Trading Firm Cumberland Acquires New York’s BitLicense

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…

ZKsync Airdrop of ‘ZK’ Token Puts Initial Market Cap Near $900M

The ZK token opened at $0.31 and is down about 21% since then, trading at $0.24 at the time of writing, according to CoinGecko. The market capitalization stands at about $908 million, based on the circulating supply, with about 3.7 billion tokens eligible to be distributed. On a fully diluted basis, the market cap would be $5.1 billion. Source

Australian Securities Exchange (ASX) Gives its First Approval of a Spot Bitcoin Listing to VanEck

Unlike in the U.S., in Australia, firms require the approval of the regulator, the Australian Securities & Investments Commission (ASIC), and then the exchange listing the product. In May, ASIC told CoinDesk via an email that DigitalX Ltd., VanEck and BetaShares either had “the relevant licence themselves or are working with another firm that has the requisite licence.” Source

Crypto Majors Subdued After Fed’s Hawkish Stance

The biggest cryptocurrencies fell during the European morning, extending the subdued mood after the Federal Reserve trimmed interest-rate cut expectations on Wednesday. Bitcoin and ether both fell by around 1% over 24 hours, CoinDesk Indices data show. Bitcoin dropped to just below $66,000 – near the low end of the $72,000-$65,000 range it’s been trading in for the past month – and ether was quoted around $3,500. The CoinDesk 20 Index (CD20), a measure of the broader crypto market, fell about 1.8%. Markets in many countries are closed for Islam’s…

Financial Stability Board (FSB) to Work More on Stablecoin Risks in Emerging, Developing Economies

“In emerging market and developing economies (EMDEs), crypto-assets pose particular challenges for monetary policy and capital flow management,” the FSB said. “Members discussed the challenges posed by the relatively higher levels of adoption and risks of global stablecoin arrangements in EMDEs. The FSB will undertake further work to consider how these challenges can be addressed.” Source