US Senate to Examine Energy Efficiency of Blockchain
The U.S. Senate will host a hearing on blockchain’s energy use and whether the tech can be used to protect infrastructure next week.
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Bitcoin Rallies 10% Ahead of CME April Futures Expiration
Apr 23, 2020 at 18:48 UTCBitcoin prices, April 23, 2020.Bitcoin prices spiked to a new monthly high of over $7,725, according to the CoinDesk Bitcoin Price Index. The rally comes on the day before the expiry for CME April bitcoin futures. According to comments shared with CoinDesk, bitcoin traders view Friday's expiry as a primary catalyst…
First Mover Americas: Bitcoin Bulls Eye $70K After Return to $66K
This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices (CoinDesk) Top Stories Bitcoin traders are eyeing a short-term price target of $70,000 as BTC briefly climbed above $66,000 during the Asian day.

Scheduled Unlocks for LDO, AVAX, YGG Tokens Promise Busy Week Ahead
Liquid staking protocol Lido (LDO), the Avalanche Blockchain native token (AVAX), and the token behind the Yield Guild Games DAO (YGG) are all scheduled to implement token unlocks this week, increasing the supply of the tokens available in the market.Token unlocks are staggered releases of coins previously frozen to prevent early investors or project team…

Chinese City Is Using Blockchain to Track Convicts on Parole
Convicts on parole in the southern Chinese city of Zhongshan can now find themselves being tracked over a blockchain network. The justice department of Zhongshan says it has launched a blockchain-based system that can monitor the movements of ex-prisoners to improve the quality of so-called "community correction," a local media source reported on Thursday. The technology…

Ondo Spikes 8% as Ondo Finance Tests Instant Conversion From BlackRock’s Tokenized Fund to USDC
Ondo Finance's governance token (ONDO) jumped Thursday after the tokenized asset platform tested out the newly introduced ability to do near-instant conversions between Circle's USDC stablecoin and BlackRock's new BUIDL token.An Ondo wallet on Ethereum redeemed $250,000 worth of BUIDL tokens in exchange for USDC, Etherscan data shows. That was an attempt to try out

Bitcoin, Ether Trade Below ‘Maximum Pain’ Levels Ahead of $2.7B Options Settlement
While bitcoin (BTC) and ether (ETH) have chalked out moderate gains in the past 24 hours, prices remain well below levels that are likely to inflict "maximum pain" on buyers of August expiry option contracts.On Friday, Deribit, the world's leading crypto options exchange by open interest and volume, will settle 72,000 BTC August options contracts…

CoinMarketCap Says Data Glitch Boosted Its Crypto Price Numbers
A "price calculation error" on CoinMarketCap led the site to list inflated prices for several coins on the platform.

Can Bitcoin Save Argentina?
Michael J. Casey is the chairman of CoinDesk's advisory board and a senior advisor for blockchain research at MIT's Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. When people ask me what got me into bitcoin, I often answer with one word: "Argentina.…