Bitcoin and other cryptocurrencies remain steady despite a decline in stocks, with analysts predicting further growth for Bitcoin.
BlackRock received $100,000 as "seed capital" for its proposed spot bitcoin exchange-traded fund, MicroStrategy sees over $2 billion profit on its bitcoin holdings, and El Salvador's bitcoin investment becomes profitable by over $3 million.
Solana co-founder Anatoly Yakovenko believes that decentralized finance (DeFi) is the most important application to come out of the crypto industry and foresees it disrupting traditional finance giants like Goldman Sachs and BlackRock, potentially compressing their profits. Despite initial struggles, Solana's DeFi-focused projects are now entering a growth phase with strong teams leading the way.
The cryptocurrency industry's spending on lobbying in the U.S. is expected to reach a record high this year, with companies like Coinbase and Binance leading the way.
French bank Societe Generale has issued its first digital green bond as a security token on the Ethereum blockchain, with a value of €10 million and a maturity of three years, and its net proceeds will be used to fund eligible green activities.
Bitcoin (BTC) is experiencing a significant profit-taking event as billions of dollars flow into exchanges, with short-term holders locking in profits after the recent price gains.
The Financial Supervisory Commission in Taiwan is considering allowing crypto exchange-traded funds (ETFs), but only after analyzing their development in other markets worldwide.
A coal-fired power plant in Indiana that was scheduled to close has been purchased by a coal company and will continue operating to provide power to a new cryptocurrency mining facility, raising concerns about pollution and higher electricity bills.
Crypto mining firm Phoenix Group has debuted trading on the Abu Dhabi Securities Exchange (ADX), becoming one of the Middle East's first publicly listed industry firms, with the stock opening at $0.6.
Cardano (ADA) is facing a critical trend line resistance and must overcome several resistance levels to achieve a bullish breakout, although mixed technical indicators indicate a period of uncertainty and caution in the market.
Coinbase (COIN) shares have surged nearly 300% this year, outperforming bitcoin, and analysts predict further gains as the cryptocurrency exchange looks to confirm a long-term base pattern breakout above $116 resistance.
A large ether holder moved $90 million worth of tokens to Kraken after being inactive for five years, potentially increasing selling pressure or token conversion.
Asset management company BlackRock has disclosed that it received $100,000 in seed capital for its proposed bitcoin exchange-traded fund (ETF), which aims to invest in bitcoin rather than futures tied to the cryptocurrency.
Hashdex, an asset manager, expects the first spot Bitcoin ETF to launch in the US by Q2 2024, followed by a spot Ether ETF.
Blockstream CEO Adam Back predicts that Bitcoin will reach $700,000 and surpass the market cap of gold within the next couple of years, with the upcoming Bitcoin halving event playing a crucial role in driving up the price.
Ethereum is viewed as undervalued in the current market rally compared to Bitcoin, as it has not experienced the same level of gains, despite its strong fundamentals and potential for a spot ETF, with analysts believing it has significant upside potential.
Bitcoin miner Riot Platforms has purchased 66,560 Bitcoin mining rigs from MicroBT for $290.5 million, marking one of its largest orders of hash-rate in the company's history, ahead of the Bitcoin halving in April 2024.
Bitcoin reached a 19-month high, defying the downward trend in global markets and highlighting its detachment from other assets, such as stocks and bonds, due to factors including decreased correlation and expectations of regulatory clarity.
Publicly traded crypto firms, including Coinbase, Marathon Digital, Riot Platforms, Galaxy Digital Holdings, and MicroStrategy, have seen significant gains this year despite mixed results in the wider stock market, with investors viewing crypto stocks as a way to gain exposure to the crypto market until spot Bitcoin exchange-traded funds (ETFs) are approved in the United States.
Big rallies are expected for Cosmos (ATOM), Gala (GALA), and Stacks (STX) according to crypto strategist Kaleo, who predicts breakout rallies for each altcoin and provides price targets.
Nearly $1.8 billion has flowed into cryptocurrency investment products over the past 10 weeks, marking the highest inflows since the launch of Bitcoin futures in October 2021 and suggesting growing investor anticipation of a spot Bitcoin ETF approval in the United States.
Bitcoin has surged in value in 2023, with the cryptocurrency up over 150% year-to-date and reaching new 52-week highs, but it still remains below its all-time highs; however, a return to those highs could yield significant returns for investors.
Cryptocurrency analysts and experts have made bold predictions about Bitcoin's future, with some forecasting prices as high as $1 million or even $1.5 million within the next few years, fueled by factors such as institutional investment and the cryptocurrency's potential as a store of value.
Square Enix's blockchain game project, Symbiogenesis, has released its first batch of Ethereum NFT heroes with curious names like "Egg" and "Starvation," which are selling for over $1,200 and $500 respectively, despite not resembling their names' meanings. The game features characters with real-word names instead of unique fantasy-inspired names, and the reason behind these choices remains unclear.
Bitcoin surged to a new yearly high of $42,000, driving the total market capitalization of all cryptocurrencies above $1.5 trillion, supported by expectations of a spot bitcoin ETF approval, lower interest rates, and panic buying.
The NFT market is experiencing a resurgence as top altcoins like Ethereum and Solana continue to rise, with collections such as Pudgy Penguins and Azuki seeing significant increases in floor price and trading volume. The trend is not limited to Ethereum, as Solana NFT collections like Mad Lads and Claynosaurz are also experiencing surges in value and trading volume.
CoinDesk's Most Influential 2023 features fifty individuals who had a significant impact on the crypto industry, with the top ten honorees being recognized for their exceptional contributions. The honorees' NFTs are being auctioned off, with the winners receiving a Pro Pass ticket to Consensus 2024.
XRP price experienced a dip below $0.600 due to a lack of institutional interest, despite Bitcoin reaching a major milestone and positive correlation with other cryptocurrencies.
Charlie Shrem, the man who introduced the Winklevoss twins to cryptocurrency, reflects on his journey from online retailer to Bitcoin exchange CEO and convicted felon, expressing no regrets despite ending up in prison.
Solana's dog-themed token BONK has reached a new all-time high, with a 24-hour rise of 33% and a month-long surge of 762%, driven in part by increased investor attention in the Solana ecosystem.
El Salvador President Nayib Bukele celebrates the country's profitable Bitcoin investments, with their total holdings now over $130 million, despite the recent volatility of the cryptocurrency market.
Freelance photographer Andrew Miller never received the payment of nearly $8 million in Ethereum cryptocurrency that he was promised after taking a portrait of Vitalik Buterin, the co-founder of Ethereum, who went on to become a billionaire, leading Miller to battle for recognition and attribution for his work.
The Sandbox metaverse has teamed up with Warner Music Group and Notorious B.I.G.'s estate to create a virtual experience called "Breakin' B.I.G.," where players can interact with a non-playable avatar of the late rapper and complete quests in a 2D, arcade-style world.
Presidential candidates Asa Hutchinson, Vivek Ramaswamy, and Dean Phillips will participate in a forum to discuss blockchain and crypto ahead of the New Hampshire Primary.
Bitcoin surpassed $42,000, reaching a yearly high, as investor sentiment turns optimistic and potential ETF approvals could drive the price near $60,000, indicating a shift past recent scandals.
Serious investors are pouring cash into the market and Bitcoin funds, with the biggest 10-week inflows since the 2021 bull run, reaching a total of $1.76 billion, according to a report from CoinShares.
Bitcoin and Ether surged above their resistance levels, indicating a strong bullish trend, while institutional investors continue to hold significant amounts of Bitcoin and Ether, suggesting further buying potential.
ORDI, the largest BRC-20 token built on Bitcoin's Ordinals protocol, has more than doubled in price over the past week and reached a new all-time high, with a market cap of $873 million and heavy trading volume.
Coinbase Global stock and Bitcoin reached 20-month intraday highs, boosting shares and the cryptocurrency.
Bitcoin's recent surge and liquidation of short futures contracts raise questions about the impact of futures markets on spot prices, with indications that the rally is driven by spot market accumulation rather than derivatives.
French banking giant Societe Generale has issued €10 million ($10.8 million) worth of tokenized green bonds on the Ethereum network, marking a growing trend among traditional financial institutions to embrace blockchain-based technologies such as tokenization and stablecoins for greater transparency, speed, and traceability in transactions and settlements.
The crypto industry experienced retrenchment and regulatory scrutiny in 2022, but by the end of the year, prospects seemed more clear with hopes for greater regulatory clarity and increased mainstream adoption, as reflected in CoinDesk's "Most Influential" list. Bitcoin and other cryptocurrencies saw price increases, and traditional finance began taking digital assets more seriously. The list includes influential figures from regulation, lawmaking, policy-advocacy, as well as various industry sub-sectors. The list is not a ranking but highlights key trends and themes in the industry.
Business intelligence company MicroStrategy has made over $2 billion in profit from its bitcoin holdings following the cryptocurrency's rally above $42,000.
Crypto markets saw a strong upward movement over the weekend, with Bitcoin briefly surpassing $42,000, fueled by growing institutional interest, expectations of a U.S. bitcoin spot ETF, declining interest rate expectations, and increasing market liquidity, indicating a positive environment for crypto assets.
Altcoins like Dogecoin and Shiba Inu are experiencing significant gains, with Dogecoin closing in on a 5% gain and Shiba Inu rising nearly 6% in the past day, while Ethereum has gained over 2%, and Bitcoin continues to hit highs and has surged over 12% in the past week. Bitcoin Cash has also performed well, rising 7.5% in the past 24 hours.
Ethereum's recent price surge, driven by factors such as staked ETH breaking the $2,000 mark, intensifying deflationary trends, increased institutional interest, and Brazil's largest bank entering the crypto market, has investors wondering if a $3,000 price tag is within reach.
Hut 8 Mining Corp (HUT) shares are surging following the completion of its business combination with US Bitcoin Corp, making it the largest M&A transaction in the industry.
Crypto prices are rising, SaaS companies are reporting quarterly results, CoreWeave's valuation is at $7 billion, there are delays at Google's AI project, and Spotify is cutting staff in light of economic conditions.
Bitcoin analyst PlanB predicts that Bitcoin could reach new all-time highs faster than expected, potentially surpassing $532,000 after the next halving in April 2024, with the next bull run being more explosive due to macro factors like Covid-19.
Bitcoin surged past $42,000 as speculation in cryptocurrencies intensifies, with the largest digital token experiencing a rally of over 150% this year.