Author: Coindesk

“If the breakout is bullish, which we suspect, bitcoin could climb above 80,000 during the next few weeks – if not earlier. Buying at $69,280 and setting a stop loss at $65,000 appears appropriate,” Markus Thielen, founder of 10X Research, said in a note sent to clients early Monday. Read the full article here

“We have close to a dozen of these token launches already planned and due to be announced in the coming days and weeks,” TokenFi developer B told CoinDesk in a release. “However, we envision a scenario in which some of these token sale events could be sold out in minutes, especially if open to the general public.” 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.…

In this competition, there are four distinct contests: regulatory effectiveness, founder depth, market size and capital market strength. As a former crypto regulator responsible for enhancing New York’s regulatory system and now a venture capital investor, I understand how difficult it is to win in all four of these categories, especially those outside of your direct control. 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.…

Most of bitcoin’s rally in 2024 roughly came from mid-February to mid-March. It was during this time that the spot ETFs were regularly adding 5,000-13,000 bitcoin each day, even with sizable selling by Grayscale’s GBTC. The action since, however, has seen big sales of bitcoin continuing at GBTC, while purchases into the other ETFs have slowed. On many days, net flows into the spot ETF group as a whole have turned negative. Read the full article here

The expansion to the Cosmos ecosystem, an interoperability network, is expected to boost the adoption of FRAX and sFRAX in diverse applications, including trading, savings, payments and collateral, while offering Cosmos users a decentralized alternative to USDC, the world’s second-largest dollar-pegged cryptocurrency. Read the full article here

Wormhole allows users to transfer tokens between different blockchains, such as Ethereum, Solana, Terra and others. The token was among the most anticipated this year because Wormhole remained one of the few major protocols that did not offer a token. The W price has dropped almost 30% in the past 24 hours, CoinGecko data shows. The CoinDesk 20 Index, a measure of the broader crypto market, has lost 1.24%. Read the full article here

The matter was adjourned due to the Federal Inland Revenue Service (FIRS) not being able to serve Binance’s Head of Financial Crime Compliance Tigran Gambaryan the charges while he was in custody, the Punch reported. While Gambaryan was detained along with another Binance executive, Nadeem Anjarwalla, in February, the latter has since escaped custody. Gambaryan reportedly appeared in court Thursday. 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.…