Bitcoin jumped to fresh record highs on Monday after U.S. electric car manufacturer Tesla announced its purchase of $1.5 billion of the cryptocurrency. The largest cryptocurrency surged at least 11% to more than $43,000, surpassing the previous peak price of $41,962 reached Jan. 8, according to CoinDesk 20 data. Tesla, headed by Elon Musk, said...Read More
With bitcoin hovering around $36,000 and Iran’s government blaming crypto miners for recent blackouts, CoinDesk’s Market’s Daily is back with the latest news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io. Prices fell by 6% in the seven days to Jan. 17, a weekly fall not seen...Read More
As the world watched TV screens monitoring the results of the United States presidential election three weeks ago, a key decision that viewers had to make was exactly which source of news to follow. Two of the main broadcasters — CNN and Fox News — are known for their preferences for particular candidates. This phenomenon...Read More
On Tuesday evening, as people moved online to stand in solidarity with peaceful #EndSars protesters who were attacked by heavily armed Nigerian security operatives at the Lekki tollgate in Lagos, Facebook and Instagram moved to flag users’ posts as fake. “I got a notification from Facebook that what I wrote is not entirely true, that...Read More
With bitcoin traders eyeing $12K and Litecoin pivoting to privacy, CoinDesk’s Markets Daily is back for your latest crypto news roundup! Bitcoin’s record hashrate indicates fundamentals are stronger than ever, according to Skew Markets. Other payment companies will also likely follow in Square’s footsteps or risk getting shut out of a growing segment, JPMorgan wrote. Litecoin...Read More
With BTC on its longest winning streak in more than a year and governments around the world working to craft a global CBDC framework, CoinDesk’s Markets Daily is back for your latest crypto news roundup! Bitcoin’s six-day run of gains has shifted the focus to psychological hurdle of $12,000. Some analysts are looking even higher....Read More
With BTC back above $11K and China giving away its new digital currency, CoinDesk’s Markets Daily is back for your latest crypto news roundup! Despite a dip today, bitcoin has crossed into bullish territory with the biggest weekly gain since July. BitMEX, the cryptocurrency derivatives exchange recently charged by U.S. authorities for offering illegal trading...Read More
Bitcoin is flashing green as Square converts some of its cash to crypto while ether options traders are making lots of bets for December expiration. Bitcoin (BTC) trading around $10,890 as of 20:00 UTC (4 p.m. ET). Gaining 2.1% over the previous 24 hours. Bitcoin’s 24-hour range: $10,532-$10,962 BTC above its 10-day and 50-day moving...Read More
With BTC steady and central bank digital currencies getting closer, CoinDesk’s Markets Daily is back for your latest crypto news roundup! New bitcoin addresses have spiked this month, with one industry exec pointing to traders moving funds off the legally troubled BitMEX exchange. Others disagree. An official for China’s central bank unveiled usage statistics of...Read More
As traders remain hopeful and mainstream investment funds increase their exposure to bitcoin miners, CoinDesk’s Markets Daily is back for your latest crypto news roundup! Today’s stories: Options market data suggests the longer-term path of least resistance for bitcoin is to the higher side. Stock of three major cryptocurrency mining firms are appearing in Fidelity,...Read More
