Regulators Seek to Block 124 Foreign Crypto Exchanges Available in China
After shutting down the presence of several crypto media on WeChat, Chinese regulators are seeking to block access to 124 overseas crypto exchanges.
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Bitcoin News Roundup for Feb. 2, 2021
With BTC rising and a look at what could happen in a post-COVID economy, CoinDesk’s Market Daily is back with the latest news roundup.Add Markets Daily to your Alexa Flash Briefing here.This episode is sponsored by Nexo.io.Today's stories: Market news from crypto to Wall Street is all over the place. “It’s pretty obvious that the…

Bitcoin Price Consolidation Continues, Downside Break Looks Likely
markets View Bitcoin’s current trading range of $3,920–$4,055 could be breached to the downside, as last week’s doji candle created at the key 21- week moving average resistance is signaling bullish exhaustion. A downside break of the trading range, if confirmed, could yield a sell-off toward the support levels lined up at $3,775 and $3,658. On…

Bitcoin Surges Above $59K as Bull Rally Continues
Bitcoin (BTC) surged above the $59,000 level in European morning hours on Wednesday, adding 5% in the past 24 hours and reaching a $1.2 trillion market capitalization.The price spike came as spot bitcoin exchange-traded funds (ETFs) recorded over $3 billion in cumulative trading volumes on Tuesday, contributing to demand. Some traders also pointed to the

Bitmain Co-Founder’s Exit Resolves Years-Long Power Struggle as Mining Firm Preps IPO
Bitmain co-founder Jihan Wu is stepping down from his role as part of his settlement with Micree Zhan.Bitmain co-founder Jihan Wu (CoinDesk archives)Jan 26, 2021 at 3:37 p.m. UTCBitmain Co-Founder’s Exit Resolves Years-Long Power Struggle as Mining Firm Preps IPOThe power struggle within Bitmian’s leadership has finally come to an end as co-founder Micree Zhan…

Bitcoin Mining Stocks Soar Amid Takeover Frenzy
Bitcoin mining stocks outperformed other cryptocurrency-linked stocks Thursday after multiple industry takeover offers drew market attention to the question of who could be the next target.Shares of miners such as Stronghold (SDIG), Core Scientific and TeraWulf (WULF) surged more than 15%. Gains in Iris Energy (IREN), Mawson (MIGI), Cathedra (CBIT) and Argo Blockchain exceeded 10%.01:41Robinhood

Layer 2 Network Optimism to Use Ethereum Attestation Service to Promote User Trust
Elizabeth Napolitano is a news reporter at CoinDesk. Optimism, an Ethereum-based layer-2 blockchain, will use Ethereum Attestation Service (EAS), an on-chain attestation protocol, that will enable users to assess the trustworthiness of the platform’s users and vouch for whether something actually happened on the blockchain, as per a release sent to CoinDesk.This could promote fairer…

India Springs Election Surprise, Sends Equity Market Crashing With Uncertain Implications for Crypto
India's election results are underwhelming for Prime Minister Narendra Modi's ruling party.If Modi is able to persuade his allies to stay, the government will continue, albeit with less power.India's voters sprung an election surprise on Prime Minister Narendra Modi's party, awarding it a smaller share than forecast in preliminary results, sending stock markets crashing and

PTJ on BTC: Bitcoin Is Now the Macro Big Bet
May 19, 2020 at 16:31 UTCScreenshot of Paul Tudor Jones II on CNBCPTJ on BTC: Bitcoin Is Now the Macro Big BetByrne Hobart, a CoinDesk columnist, is an investor, consultant and writer in New York. His newsletter, The Diff (diff.substack.com), covers inflection points in finance and technology. The bull case for bitcoin as a store of…