Bitcoin Drops Below $7K as Traditional Markets Flatline

Apr 30, 2020 at 12:50 UTCUpdated Apr 30, 2020 at 14:25 UTCGrayscale Managing Director Michael Sonnenshein. (Credit: CoinDesk archives)Shares in Grayscale’s Bitcoin Trust Up By 14% After Crypto’s Price RalliesAmid the sharp rise in bitcoin's price Wednesday, shares in the Grayscale Bitcoin Trust (GBTC) also saw notable gains.Bitcoin's sudden rally – which many analysts are…

news Bitcoin mining giant Bitmain is experiencing turmoil inside its management after the company sent out an email to all staff announcing co-founder and executive director Micree Ketuan Zhan is ousted. Jihan Wu, another co-founder of Bitmain and now chairman of the board, sent an email with a subject “important notice” to all staff around…

CoinDesk 20 Bitcoin Price IndexMarket Wrap: Bitcoin Loses Steam at $15.9K; Over 600K ETH Yanked From DeFiA bitcoin rally to new 2020 highs has been slowed by lower spot volume. Meanwhile, some ether investors are moving capital out of DeFi.Bitcoin (BTC) trading around $15,502 as of 21:00 UTC (4 p.m. ET). Gaining 2.6% over the…

Jan 16, 2020 at 18:25 UTCUpdated Jan 16, 2020 at 18:26 UTCNew Hampshire State House, Concord. Credit: Shutterstock. New Hampshire legislators have scrapped a bill that would have allowed state agencies to accept cryptocurrencies for tax payments.On Jan. 8, the New Hampshire House of Representatives accepted a motion from the General Court's Executive Departments and…

Political finance (PoliFi) meme tokens are taking a hit in the run-up to the November U.S. elections, with several hyped stalwarts down nearly 95% from peak prices. Solana-based Jeo Boden (BODEN) meme coin, a play on Joe Biden mixed with Doland Duck, has dropped 70% in the past week, CoinGecko data shows, after the President's

The Arbitrum Foundation, which maintains the development of the Arbitrum blockchain, said Sunday it had transferred 69 million in unclaimed ARB tokens to the network’s treasury as the claim period for the tokens ended over the weekend.The unclaimed rewards represent 0.69% of ARB’s total supply of 10 billion, according to technical documents. Data from a

Jul 13, 2020 at 12:12 UTC(Paola Ocaranza/Unsplash)Drop in Bitcoin ‘Whale’ Addresses Suggests Market May Be DecentralizingThe number of addresses holding a large number of bitcoins, popularly known as whales, has declined to 14-month lows. However, the drop isn’t necessarily a price-bearish development and may instead that the distribution of bitcoin ownership is shifting.  As of…

Flowcarbon, a climate company co-founded by WeWork's Adam Neumann, is refunding holders of its native crypto token, the "Goddess Nature Token," after it failed to launch, according to a Forbes report. The startup, which started in 2022 and raised $70 million from investors like Andreessen Horowitz to tokenize carbon credits by bringing them onto the

Oct 29, 2020 at 10:13 UTCUpdated Oct 29, 2020 at 10:14 UTCGovernor of the Bank of Canada Tiff Macklem (center) at a G-7 Ministerial Meeting at the US Treasury April 11, 2008 in Washington, DC.(Brendan Smialowski/Getty Images)The chief of Canada’s central bank has said its national digital currency initiative is progressing past the experimental phase.In…