Author: Coindesk
Whether prices rebound or tumble lower may depend on bitcoin’s ongoing retest of its “Bull Market Support Band,” a key trend indicator defined by the asset’s 20-week simple moving average (SMA) and a 21-week exponential moving average (EMA). The band often served as support for prices during previous uptrends, and currently ranges between $61,100 and $62,900. A bounce from the band would reinvigorate the uptrend from the September lows to target, but a decisive break below could undo all the recovery, with many more weeks chopping below $60,000. Read the full article here
“We have been incredibly fortunate that such an accomplished public servant, Gurbir Grewal, came to the SEC to lead the Division of Enforcement for the last three years,” SEC Chairman Gary Gensler said in a press statement. “Every day, he has thought about how to best protect investors and help ensure market participants comply with our time-tested securities laws. He has led a Division that has acted without fear or favor, following the facts and the law wherever they may lead.” Read the full article here
In this week’s issue of CoinDesk’s weekly blockchain tech newsletter, we’ve got names, details and anecdotes on crypto companies’ unwitting hires of North Korean developers. PLUS month-end rankings for bitcoin, ether and other digital assets in the CoinDesk 20 index during a strangely bullish September. Read the full article here
“These convictions reflect the relentless efforts of the U.S. Attorney’s Office and the FBI in identifying a cybercriminal, holding him accountable, and prioritizing the victims of his crimes,” said U.S. Attorney Alison Ramsdell in a Tuesday press release. “Although this defendant tried to hide in the shadows of a cyber underworld, he was not beyond the reach of our team, and today’s guilty verdicts should serve as a reminder that this Office and its law enforcement partners will bring cyber criminals to justice, regardless how sophisticated their crimes may be.” Read the full article here
In some ways, the release of EigenLayer’s native EIGEN token this week was as expected; price rapidly rose moments after it was listed on exchanges, leading to a period of price discovery that culminated in a 22% slide from it’s momentary record high. But there appears to be a storm brewing behind the scenes, with several investors and community members calling foul on a lack of transparency over the token’s supply. Read the full article here
Cryptocurrency has evolved as a global asset class with significant implications for modern investment portfolios. Despite undeniable growth, crypto remains volatile, posing challenges for even seasoned investors. An increasingly popular solution to navigating these risks is crypto index investing. Crypto index funds are products that bundle multiple cryptocurrencies into a single vehicle, offering a diversified, systematic approach to gaining exposure to the digital asset market while mitigating some of its inherent risks. Read the full article here
The auction house’s sale of “An Eye Towards the Real: Photographs from the Collection of Ambassador Trevor Traina,” on Wednesday at the Rockefeller Center in New York will issue digital certificates for each of the 130 lots. The ownership certificates will be minted by Kresus on Base, the Ethereum layer-2 blockchain developed by Coinbase (COIN). Read the full article here
Franklin’s latest addition is due to Aptos’ unique characteristics which also meet the asset manager’s rigorous suitability standards for its Benji platform, the firm’s blockchain-integrated recordkeeping system, said Roger Bayston, head of digital assets at Franklin Templeton. One Benji token represents one share of the fund. Read the full article here
Bitcoin fell to a low of $60,300, erasing almost all of its gains since the U.S. Federal Reserve’s interest-rate cut last month, signaling an inauspicious start to “Uptober,” the community’s affectionate name for the calendar month that has historically seen the highest gains for BTC. The largest cryptocurrency has lost 2.6% since the start of the month, CoinDesk Indices data show. Read the full article here
In the case of this pilot, which ran between June and July, the project created digital representations of gilts, Eurobonds, and gold to be used as collateral with greater transparency, faster transfers and around-the-clock, near-instantaneous settlements between parties, without the delays associated with traditional financial rails. Read the full article here