Tag: Firm

Bitcoin traders’ bullish bias holds firm even as BTC price dips to $37K

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Bitcoin (BTC) briefly reached $38,000 on Nov. 24 but faced formidable resistance at the price level. On Nov. 27, Bitcoin price traded below $37,000, which is unchanged from a week ago.  What is eye-catching is the unwavering strength of BTC derivatives, which signals that bulls remain steadfast in their intentions. An intriguing development is unfolding in China as Tether (USDT) trades below its fair value in the local currency, the yuan. This discrepancy often arises due to differing expectations between professional traders engaged in derivatives and retail clients involved in…

Japanese firm CGV invests $5m in Blast network

Japanese firm CGV invests $5 million in the newly launched Layer 2 solution Blast network. The Japanese cryptocurrency investment firm CGV announced it has invested $5 million in the Blast network. This investment is part of a collaborative effort to further the development of this Layer 2 solution. Blast has garnered significant attention in the venture capital world, with heavyweights like Paradigm, Standard Crypto and Mechanism Capital investing a collective $20 million. The project is spearheaded by Pacman, the founder of Blur, and boasts a team with impressive credentials from…

Bitcoin bulls hold firm into weekly close: BTC price eyes $39.3K

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Bitcoin (BTC) held near $38,000 into the Nov. 26 weekly close as traders boosted their BTC price optimism. BTC/USD 1-hour chart. Source: TradingView Bitcoin buyers give bears no room for maneuver Data from Cointelegraph Markets Pro and TradingView showed a typically flat weekend for Bitcoin, with classic volatility yet to hit as the weekly close approached. #Bitcoin Straightforward and slow weekend. Usually volume/volatility picks up a bit later today. https://t.co/joyKaqG68f pic.twitter.com/T9sXbJ2c6d — Daan Crypto Trades (@DaanCrypto) November 26, 2023 After setting new 18-month highs in recent days, some argued that…

Oliver von Landsberg-Sadie Quits Crypto Banking Firm BCB Group

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish, a cryptocurrency exchange, which in turn is owned by Block.one, a firm with interests in a variety of blockchain and digital asset businesses and significant…

AI Firm Anthropic Reportedly Rejects Merger Offer from OpenAI

OpenAI’s offer also included making Anthropic’s CEO and co-founder Dario Amodei a replacement for Altman. Artificial Intelligence (AI) company Anthropic may have just refused to enter into a merger deal with OpenAI. According to a report by The Information and another report by Reuters, OpenAI’s board of directors put forward the offer following last week’s decision to sack its immediate past CEO Sam Altman. Anthropic CEO Rejects OpenAI’s Offers Citing sources with inside knowledge, The Information claims that OpenAI’s offer also included making Anthropic’s CEO and co-founder Dario Amodei a…

Security firm dWallet Labs flags validator vulnerability that could affect $1B in crypto

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Blockchain security firm dWallet Labs recently disclosed a vulnerability that they claim could affect up to $1 billion worth of crypto, with assets such as Ether (ETH), Aptos (APT), BNB (BNB) and Sui (SUI) at risk. In a paper sent to Cointelegraph, dWallet Labs reported a potential vulnerability in validators hosted by an infrastructure provider called InfStones. According to dWallet Labs, they started a research paper on attacking blockchain networks and collecting private keys with Web2 attacks. During this research, dWallet Labs said, they discovered vulnerabilities in InfStones validators. They…

Bitcoin Mining Services Firm Luxor Starts Logistical Services to Make Shipping of BTC Mining Rigs Faster

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The new unit, Luxor Logistics, will focus heavily on streamlining complex customs regulations in different regions by customizing transportation and delivery services, lowering the time required for shipping mining rigs for miners. “With the variety of import/export regulatory demands across different regions, Luxor positioned itself as a knowledgeable and valuable partner, helping miners to navigate the complex landscape of customs and documentation,” Lauren Lin, Luxor’s director of business development, told CoinDesk in a statement. Original

Kronos Trading Firm suffers security breach, losses $25m

Taiwan-based trading firm Kronos Research recently suffered a major security breach, leading to estimated losses of $25 million. According to the company, the security breach involved the unauthorized access of API keys, leading to a loss of around 13,007 ETH, valued at $25 million at the time. Kronos disclosed the incident on Nov. 18 via a post on social media. In the interest of transparencyAround 4 hours ago, we experienced unauthorized access of some of our API keys. We paused all trading while we conduct an investigation. Potential losses are…

Tech firm Republic taps Avalanche for profit-sharing investment note

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Neo-investment and technology firm Republic plans to issue a blockchain-based security token that will pay dividends to retail investors from profits across its broad portfolio of investment holdings. The Republic Note is a profit-sharing digital asset that will be launched on the Avalanche blockchain, which accrues profits generated from Republic’s wide-ranging investment portfolio and services. Republic has attracted over three million investors and has deployed over $2.6 billion into various ventures, including the likes of Web3 firms Avalanche, DappRadar and Dapper Labs. Republic has already carried out a presale round…