On Friday, the global crypto market saw a boost in value, with bitcoin (BTC) climbing 2.29%, approaching the $62,000 mark at 9:30 a.m. EDT. Ethereum (ETH) joined the upward trend, gaining a more modest 1.6%, pushing toward the $2,400 level. Bitcoin and Ethereum Climb Following U.S. Jobs Report This rebound came on Oct. 4 after […] Original
South Korean crypto exchange Bithumb is reportedly telling shareholders that it is mulling a U.S. stock exchange listing. According to local outlet DNews, Bithumb told shareholders on Monday that South Korea’s second-largest crypto exchange by trading volume is mulling a Nasdaq listing. The exchange reportedly considered a similar move late last year for the Korean Nasdaq equivalent Kosdaq. At the time, it was reported that the IPO was geared toward increasing the firm’s market share to catch up to its top domestic competitor, Upbit. While Bithumb is the 18th-largest crypto…
Nations around the world have been looking to clarify their approach to crypto. The U.K. decided to make crypto a regulated activity last year and bring the sector under its financial services rules, Europe created bespoke rules for the crypto sector known as the Markets in Crypto Assets rules, while, South Africa recently opened up its licensing regime for the sector. 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…
Crypto hack and fraud-related losses decreased in Q3 2024, though Ethereum (ETH) remained the most targeted smart contract platform, according to a report by Immunefi. Losses Primarily Due To Centralized Exchange Hacks Immunefi has released its 2024 Q3 report, detailing the specifics of cryptocurrency-related hacks and losses during the quarter. The report notes two major exchange hacks, WazirX in July 2024, and BingX in September 2024, which collectively accounted for 69.5% of all funds lost in Q3 2024, totalling $287 million. Notably, both WazirX and BingX are centralized exchanges, and…
“When we’re thinking about a future where every single asset will be tokenized … we don’t think that an issuer is actually going to look at Ethereum,” she said, according to the report. “They’re probably going to look at the chain that has the highest amount of activity, the highest amount of users, and the most seamless integration.” Source
In a recent report, Blackrock, the largest digital asset manager, explores bitcoin’s role as a unique investment diversifier, highlighting its distinct risk and return factors compared to traditional assets. The financial institution’s report also discusses bitcoin’s growing appeal among institutional investors. Blackrock Report Sees Bitcoin as a Key Asset for Long-Term Portfolio Diversification Blackrock, the […] Original
Bitcoin’s market is currently experiencing a period of stagnation, characterized by minimal capital inflows and outflows. According to an onchain analysis from Glassnode, researchers highlight that this inactivity may lead to heightened volatility in the near future. Glassnode Analysis Warns of Potential Volatility Glassnode’s report with researchers Ukuria OC and Cryptovizart reveals that demand for […] Original
Coinmarketcap (CMC) Research and Footprint Analytics have released a thorough report exploring the swift expansion of decentralized finance (defi) on the Bitcoin blockchain. The report delves into Bitcoin’s evolving role, driven by innovations that are redefining its potential within the defi space. Bitcoin’s Defi Ecosystem Grows: $1.07 Billion Locked According to the findings from the […] Original
Este artículo también está disponible en español. A new report has highlighted the key changes that could follow a significant increase in Solana liquid staking. Driven by strong investor demand, if Solana’s liquid staking were to reach $18 billion, it could significantly benefit Solana (SOL) and Jito (JTO), a liquid staking token on the Solana blockchain, potentially fueling positive momentum and a rise in the value of both altcoins. Related Reading Adoption Boom To Ignite Solana Liquid Staking Over the past few years, SOL has had an impressive run, outperforming…