Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR) MicroStrategy, the self-described bitcoin (BTC) development company, increased its holdings of the largest cryptocurrency for the eighth consecutive week. The company, which already holds more bitcoin than any other publicly traded company, bought another 2,138 BTC for $209 million in the week ended … Read more
XRP led crypto losses on the second-last day of this year as a stronger dollar weighed down global currencies and assets including bitcoin, with Asian equity markets sliding lower on Monday. XRP sunk more than 5% in the past 24 hours, with dogecoin (DOGE), Solana’s SOL, ether (ETH) and BNB falling as much as 2%. … Read more
Terraform creator Do Kwon will be extradited to the U.S., Montenegrin Justice Minister Bojan Božović said Friday. The U.S. and South Korean governments have both sought to take custody of Kwon to face criminal charges related to the collapse of the algorithmic stablecoin Terra/Luna system in 2022, which kicked off a series of high-profile collapses … Read more
South Koreans are paying a full 3% more to buy bitcoin (BTC) than their U.S. counterparts as they seek protection from the plummeting won, CryptoQuant data show. Priced in won, the largest cryptocurrency is valued at 145,000,000 ($98,600) on the country’s largest crypto exchange, Upbit. That compares with about $96,700 on Coinbase (COIN). The move … Read more
Stalled bitcoin (BTC) and crypto prices may not be bringing festive cheer to traders, but some with money are trying to spread the goodwill around. Ethereum co-founder Vitalik Buterin said he’d accepted an invitation to be the “adoptive father” of pygmy hippo Moo Deng when she grows up. He is also donating 10 million Thai … Read more
The dominant crypto narrative for 2024 has been institutional adoption. From the U.S. approval of spot bitcoin (BTC) exchange-traded funds to the burgeoning number of companies pledging to buy the largest cryptocurrency for their treasuries, crypto has entered, more than ever before, the mainstream conversation. Bitcoin has increased almost 130% this year, breaking record highs … Read more
A Pump.Fun memecoin zoomed from zero to an $80 million market capitalization on Thursday after a father’s plea for donations into a research study for his daughter’s rare brain cancer attracted swathes of crypto traders. The token’s prices have since fallen 80% since a Thursday peak and trade at just over a cent as of … Read more
Regulatory overhaul in America and a thawing of crypto antagonism globally in 2025 will usher in a new generation of decentralized capital formation, which was first popularized in 2017 as “ICOs” (initial coin offerings). During the 2010s, crypto hadn’t settled on a productive use case for Bitcoin and altcoins until Ethereum smart contracts enabled early-stage … Read more
With much of the globe celebrating Christmas, bitcoin (BTC) quietly appeared set to retake the $100,000 level after having fallen to below $93,000 just ahead of the holiday. The rally, however, stalled at just above $99,800 as Asia opened for business on Thursday morning and declined rapidly to roughly $95,000 only a few hours later. … Read more
The X account of Animoca Brands co-founder Yat Siu, one of CoinDesk’s Most Influential 2024, was compromised and used to promote a fictitious token, the company said in a post on the social media platform. Animoca, a metaverse and gaming venture capital firm, posted a warning on its own account at 01:36 UTC on Thursday … Read more