Analysis

Optimism has “soft launched” its solution to Ethereum’s transaction problem, the Optimistic Virtual Machine (OVM). The startup announced Friday that OVM is now live, at a time when gas fees have reached near all-time highs for decentralized finance (DeFi) traders. Indeed, the cost to send a single Ethereum transaction has hovered in the low single-digit
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Bitcoin is in the red today, following yesterday evening’s announcement of President-elect Joe Biden’s $1.9 trillion stimulus plan. Top shelf Stakeholders stakeThe bitcoin exchange-traded product (ETP) from ETC Group (recently launched on Switzerland’s SIX stock exchange, though it trades elsewhere) has seen volumes far above all the other 1,800 ETPs listed on Deutsche Börse, the
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Provisional liquidators are seeking greater powers to investigate a defunct cryptocurrency trading firm after it was allegedly discovered to be lying to investors and operating illegally. According to a report by Bloomberg on Friday, Mirror Trading International (MTI) is set to be put under the microscope by four liquidators following an investigation from South Africa’s
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In a move that could rapidly broaden the number of cryptocurrencies listed, Coinbase announced Thursday a new issuance portal called Asset Hub. “Today, Coinbase supports trading for over 40 crypto assets on our exchange and Coinbase Custody supports over 90 crypto assets,” the firm’s chief product officer, Surojit Chatterjee, wrote in a blog post. “Our
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Multi-asset brokerage eToro has issued a warning to users looking to buy bitcoin and other cryptocurrencies over the coming weekend. According to an email sent to customers and as reported by Bloomberg on Wednesday, the Israel-based company said customers could face “possible limitations” due to “challenges” in the platform’s ability to support buy orders. The
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“Everything is at risk” if financial technology is politicized, said Acting Comptroller of the Currency Brian Brooks.  Speaking at a public event hosted by blockchain analysis firm Elliptic on Wednesday, Brooks said the world needs to stop politicizing tech, pointing to the reaction after an attempted insurrection in Washington, D.C., last week that saw supporters
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An executive at multinational investment bank Goldman Sachs believes an increase in the participation from institutional investors is the “key” to stabilizing nascent markets such as cryptocurrencies. Speaking on CNBC’s The Coin Rush on Tuesday, Goldman Sachs’ global head of commodities research, Jeff Currie, said the cryptocurrency market “is becoming more mature” but still has
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With BTC regaining lost ground and a special feature on what long-timers in the crypto industry think about this year’s rally, CoinDesk’s Market’s Daily is back with the latest crypto news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co. Some
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Nexus Mutual, a startup that provides a decentralized alternative to insurance, is extending its community-based offering to cover users of well-established cryptocurrency exchanges such as Coinbase, Binance, Kraken and Gemini. Until now Nexus, which uses digital tokens to revamp the traditional idea of mutual cover, was only focused on the world of decentralized exchange (DEXs),
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After her website faced repeated domain name revocations, Sci-Hub founder Alexandra Elbakyan has registered her website on the distributed domain names network Handshake. The pirated database of academic papers is now accessible directly through the service’s portals as well as through NextDNS, a privacy-focused, cloud-based domain name service resolver which converts IP addresses into domain
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With the price of BTC down by more than $8K and an opportunity to trade your crypto for a New York City bar (or two), CoinDesk’s Market’s Daily is back with the latest crypto news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io and this week’s special
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European users of eToro are claiming they were given the bum’s rush regarding leveraged crypto positions, which have been abruptly closed in the face of what the trading platform called “extreme market volatility.” Retail investors in the U.K. and U.S. are barred from buying into crypto derivatives, including financial contracts that allow margin trading where
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Bitcoin miners generated an estimated $692 million in revenue in December, up 33% from November, according to on-chain data from Coin Metrics analyzed by CoinDesk. Extending November’s own 48% increase, miner revenues continued to soar as bitcoin rallied over 300% last year, briefly trading above $29,000 for the first time ever on New Year’s Eve. 
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Ripple tried to settle charges of conducting unregistered securities transactions with the U.S. Securities and Exchange Commission (SEC) before the federal regulator sued it in December, CEO Brad Garlinghouse said Wednesday. In a Twitter thread, Garlinghouse addressed what he described as five “key questions” about the SEC’s suit against Ripple, though he warned that he
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Bitcoin (BTC) rose for a third straight day, pushing early Thursday to a new all-time high price above $38,000 and setting bullish traders’ sights on $40,000. “Momentum has been building over time, and it’s anyone’s guess where or when we might eventually top out,” Mati Greenspan, founder of the foreign-exchange and cryptocurrency analysis firm Quantum
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U.S. President Donald Trump signed an executive order on Tuesday banning the Alipay payment platform and seven other apps with links to the Chinese, saying the apps can access private information from their users. Separately, U.S. officials are considering banning U.S. citizens from investing in Alibaba Group, an affiliate of Alipay’s parent, and Tencent Holdings,
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The total value of all cryptocurrencies passed $1 trillion Wednesday for the first time ever, per CoinGecko‘s index of 6,124 assets. At its prior peak in late 2017, the market’s total capitalization was just above $760 billion, according to TradingView. Bitcoin represents roughly 69% of the market’s value, according to Messari. Traders aren’t surprised by
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