Author: Coindesk

Other things being equal, tighter monetary policy is often a headwind for risk assets – bitcoin among them – as higher rates boost competition for investor capital. With a cycle of lower interest rates across Western economies seemingly at hand, bitcoin bulls might soon have their sights set on the crypto’s all-time high from March above $73,500. Read the full article here

Phishing is a technique used by hackers to lure a victim into clicking on a malicious link. That link will either drain that user’s personal information, like login data, or it can link directly to an online crypto wallet, giving the attacker access to the user’s wallet. Read the full article here

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 an independent subsidiary with an editorial committee to protect journalistic independence.…

BTC crossed $71,000 early Wednesday after spot bitcoin ETFs had their best day of inflows since March. Bitcoin has risen about 3% in the last 24 hours, while the CoinDesk 20 Index (CD20), representing a broad measurement of the digital asset market, is up around 2.8%. Bitcoin peaked at $71,341 at the start of the European morning, its highest since May 21. It subsequently pulled back to trade around $70,900. Nevertheless, BTC is showing a green candle for the fifth consecutive day, its longest such stretch since March. Read the full article here

“BNB chain is perhaps the most underrated chain in all of crypto, partly due to some anti-Binance/BNB narratives being pushed in some quarters,” said a Floki developer identified only as B. “However, from a fundamentals perspective, the BNB chain is one of the best chains to build on: it is fast, scalable, and arguably the most used chain by the majority of the non-Western world.” Read the full article here

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 an independent subsidiary with an editorial committee to protect journalistic independence.…

Bitcoin’s price fell below $69,000 during the European morning having briefly topped $70,000 late on Monday. BTC is currently priced at about $68,900, down just over 0.2% compared to 24 hours ago. Other major crypto tokens also dropped, and the broader digital asset market, as measured by CoinDesk 20 Index (CD20), lost 0.70%. Crypto exchange Bitfinex said on Monday that bitcoin’s slump since March was driven by long-term holders selling. This trend has now stalled, however, with the number of net accumulating BTC addresses growing over the past month, a sign of increasing bullish sentiment. Read the full article here

CoinDesk held its annual Consensus conference in Austin, Texas last week, where we heard from lawmakers and regulators, developers, company execs and all sorts of other people in and around this sector. One topic of discussion: the Financial Innovation and Technology for the 21st Century Act. Its passage through the House sent a surge of excitement through the crypto industry as a sign of progress, even if it’s not likely to become law just yet. Read the full article here

“With this new capital, we are poised to accelerate our development, expand our global presence, and continue to address the most critical challenges facing Web3 today, such as blockchain fragmentation, insufficient data availability, and limited scaling,” Avail co-founder Anurag Arjun said in a press release. Read the full article here

“Toposware joining Polygon Labs signals our continued commitment to building the world’s best ZK research and development team,” said Marc Boiron, the CEO of Polygon Labs, in a telegram message to CoinDesk. “ZK technology is central to our overarching strategy, driving initiatives including building the leading aggregated blockchain network with the AggLayer, empowering developers to launch new L2 chains on Ethereum with the CDK, enabling DeFi projects to scale and enhance security with Polygon zkEVM and enhancing the security of Polygon PoS as it becomes ZK enabled.” Read the full article here