Tag: Crypto

Why Is The Crypto Market Down Today? Key Reasons Explained

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The crypto market is in the red today, with a majority of the top-100 cryptocurrencies reflecting losses over the last 24 hours. Notably, only six altcoins, including two stablecoins, have managed to maintain a positive performance amidst a broader market sell-off. Several complex and intertwined factors have contributed to the day’s negative market sentiment, affecting major cryptocurrencies. Over the last 24 hours, the price of Bitcoin has decreased by 4.2%, Ethereum has fallen by 5.0%, Solana has dropped by 8.7%, XRP has declined by 4.7%, and Dogecoin has decreased by…

Crypto liquidations cross $210m with longs accounting for 85%

The cryptocurrency market has witnessed over $210 million worth of liquidations across the board, with long positions accounting for 85% of this bloodbath amid the latest market turmoil. Data from crypto analytics resource Coinglass confirms that market participants have suffered a blow from the recent turbulence, which has triggered a 4% drop in the price of Bitcoin (BTC) in the last 24 hours. Specifically, 92,298 traders have witnessed liquidations worth $210.26 million in long and short positions. Crypto liquidations map – April 25 | Source: Coinglass The bulk of these…

Iconic ‘Buy Bitcoin’ Sign From Janet Yellen’s Testimony Sells for $1 Million in Crypto Auction

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Christian Langalis, famously known as “Bitcoin Sign Guy,” has auctioned the “Buy Bitcoin” sign he displayed during Janet Yellen’s 2017 Congressional testimony for 16 BTC, approximately $1 million dollars at current prices. The sign was listed on the Scarce City marketplace, and was drawn on a yellow legal pad with a Uniball Vision pen. Langalis […] Original

Do Kwon’s Huge Fine Shows the SEC Is Ratcheting Up Penalties Against Crypto Firms

“The recent high-profile cases against Terra/Do Kwon and Ripple, with penalties reaching hundreds of millions or even billions of dollars, do signal a change in the SEC’s strategy,” University of Pennsylvania assistant law professor Andrea Tosato told CoinDesk in an interview. “Overall, I would say that it appears the SEC is trying to send the message that … the reward is just not worth the risk.” Source

Nigerian Central Bank Disavows Letter Directing Banks to Sever Ties With Crypto Exchanges

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The Central Bank of Nigeria (CBN) has disavowed a letter that allegedly instructed financial institutions to sever ties with four global cryptocurrency exchanges. The central bank stated that the letter did not originate from its office and recommended that individuals interested in “authentic updates” refer to its official website. Fake Content The Central Bank of […] Source

New Security-Focused Ethereum Altcoin Goes Live on Coinbase and Other Crypto Exchanges

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Top US-based crypto exchange Coinbase is listing a new security-focused Ethereum (ETH) altcoin, along with other major platforms. Coinbase announced via the social media platform X that the crypto project Safe (SAFE) landed a listing on the platform as an “experimental asset.” “Safe is now live on Coinbase.com and in the Coinbase iOS and Android apps with the ‘experimental’ label. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” The platform uses the experimental asset label for tokens that pose certain risks such as…

KPMG Survey Finds 75% of Canada’s Institutions Owned Crypto Assets in 2023

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…

Your Crypto Project Needs a Sheriff, Not a Bounty Hunter

There’s a reason, after all, that bounty hunters in movies are so often morally ambiguous “gray hats” – think of Boba Fett, Clint Eastwood’s “Man With No Name,” or Dr. King Schulz from “Django Unchained.” They’re mercenaries, there for a one-off payout, and notoriously indifferent to the bigger picture of the problem they’re solving. At the very far end of the spectrum, you can get an Avi Eisenberg, eager to adopt the cover of a “bug bounty” when they themselves are the actual villains. Source