coindesk 2 years ago

Indian Crypto Exchange CoinDCX Is Cutting 12% of Jobs as Bear Market, Taxes Take Their Toll As many as 71 people are losing their jobs.

Indian Crypto Exchange CoinDCX Is Cutting 12% of Jobs as Bear Market, Taxes Take Their Toll

The number of employees losing their jobs is 71 out of some 590.

coindesk 2 years ago

Shiba Inu Plans Shibarium's Public Restart Days After Botched Launch Test blocks on the network are processing as normal after developers blamed the earlier stoppage on unprecedented demand.

Shiba Inu Plans Shibarium's Public Restart Days After Botched Launch

Test blocks on the network are processing as normal after developers blamed the earlier stoppage on unprecedented demand.

coindesk 2 years ago

Thailand Warn Meta to Rein in Crypto Scams or Face Expulsion A Thai lawmaker is seeking a court order to shut down Facebook in the country by the end of the month, accusing the platform of supporting fraudulent investment schemes.

Thailand Warns Meta to Rein In Crypto Scams or Face Expulsion

A Thai lawmaker is seeking a court order to shut down Facebook in the country by the end of the month, accusing the platform of supporting fraudule...

coindesk 2 years ago

Bitcoin Looks Most Oversold Since Covid Crash, Key Indicator Suggests Bitcoin's relative strength index has dropped well below 30 to its strongest oversold reading since March 2020.

Bitcoin Looks Most Oversold Since Covid Crash, Key Indicator Suggests

Bitcoin's relative strength index has dropped well below 30 to its strongest oversold reading since March 2020.

coindesk 2 years ago

Prosecutors File Proposed Jury Instructions for Sam Bankman-Fried Trial The U.S. Department of Justice filed its proposed set of jury instructions for Sam Bankman-Fried's October trial a day before he is set to be arraigned on a new superseding indictment.

Prosecutors, Sam Bankman-Fried File Proposed Jury Instructions for Trial

The U.S. Department of Justice filed its proposed set of jury instructions for Sam Bankman-Fried's October trial a day before he is set to be arrai...

coindesk 2 years ago

Bitcoin Developers Push Back Against Craig Wright’s Claim to Billions of Dollars in Bitcoin A group of bitcoin developers is fighting a lawsuit in the UK alleging they wrongfully refused to help Craig Wright’s crypto company retrieve billions of dollars worth of bitcoin that the company alle...

Bitcoin Developers Push Back Against Craig Wright’s Claim to Billions of Dollars in Bitcoin

A group of bitcoin developers is fighting a lawsuit in the UK alleging they wrongfully refused to help Craig Wright’s crypto company retrieve bil...

coindesk 2 years ago

Sam Bankman-Fried Due Back in Court as He Asks for Daily Releases Sam Bankman-Fried will have five and a half hours with his attorneys, minus any time spent being arraigned yet again Tuesday on his latest indictment, which folded campaign finance allegations into ex...

Sam Bankman-Fried Due Back in Court as He Asks for Daily Releases

Sam Bankman-Fried will have five and a half hours with his attorneys, minus any time spent being arraigned yet again Tuesday on his latest indictme...

coindesk 2 years ago

Coinbase Buys a Stake in Stablecoin Operator Circle and USDC Adds 6 New Blockchains The Centre Consortium, jointly managed by Circle and Coinbase, is being shut down and Circle is bringing issuance and governance of the USDC stablecoin in-house.

Coinbase Gets a Stake in Stablecoin Operator Circle and USDC Adds 6 New Blockchains

The Centre Consortium, jointly managed by Circle and Coinbase, is being shut down and Circle is bringing issuance and governance of the USDC stable...

coindesk 2 years ago

Bitcoin Bulls Mull the Meaning of New Fed Messaging on Inflation and Interest Rates Instruments tied to interest rates compete with Bitcoin for investor dollars.

Bitcoin Bulls Mull the Meaning of New Fed Messaging on Inflation and Interest Rates

Instruments tied to interest rates compete with Bitcoin for investor dollars.

coindesk 2 years ago

Friend.tech Attracted NBA Influencers. So Why Does Everyone Think Crypto’s Latest Trend Will Die? Despite its initial success in attracting celebs, the portents aren’t good for the latest “Twitter-killer.” https://www.coindesk.com/consensus-magazine/2023/08/21/friendtech-attracted-nba-influencers-so-why-does-everyone-think-cryptos-latest-trend-will-die/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

coindesk 2 years ago

Friend.tech Gains 100K Users Quickly in Depths of a Bear Market The trending application’s privacy policy has been the subject of criticism in the past few weeks.

Social Platform Friend.tech Gains 100K Users in Days Even in Depths of a Bear Market

The growth correlates with the more than $25 million in revenue generated by the platform since its Aug. 10 launch.

coindesk 2 years ago

Terra Website Compromised; Developers Warn Against Phishing Scam Layer 1 blockchain Terra was targeted by a phishing attack over the weekend with the official website being compromised by hackers.

Terra Website Compromised; Developers Warn Against Phishing Scam

Layer 1 blockchain Terra was targeted by a phishing attack over the weekend with the official website being compromised by hackers.

coindesk 2 years ago

BNB Chain Exploiter Liquidated for $30M on Venus Protocol This is the second major liquidation in under a week and potentially safeguards bnb prices from crashing suddenly.

BNB Chain Exploiter Liquidated for $30M on Venus Protocol

This is the second major liquidation in under a week and potentially safeguards bnb prices from crashing suddenly.

coindesk 2 years ago

Crypto Analysts Split on Why Ether Outperformed Bitcoin During Last Week's Slide The ether-bitcoin ratio rose more than 2% past week in a gain that's inconsistent with its record of taking losses during bouts of risk aversion.

Crypto Analysts Split on Why Ether Outperformed Bitcoin During Last Week's Slide

The ether-bitcoin ratio rose more than 2% past week in a gain that's inconsistent with its record of taking losses during bouts of risk aversion.

coindesk 2 years ago

First Mover Americas: Bitcoin Trades Flat; Vitalik Transfers $1M Ether to Coinbase The latest price moves in bitcoin (BTC) and crypto markets in context for August 21, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

First Mover Americas: Bitcoin Trades Flat; Vitalik Transfers $1M Ether to Coinbase

The latest price moves in bitcoin (BTC) and crypto markets in context for August 21, 2023. First Mover is CoinDesk’s daily newsletter that contex...

coindesk 2 years ago

Crypto Miners Are Attempting to Diversify Into Other Business Areas: JPMorgan Miners are now offering high performance computing services to the rapidly evolving artificial intelligence market, the report said.

Crypto Miners Are Attempting to Diversify Into Other Business Areas: JPMorgan

Miners are now offering high performance computing services to the rapidly evolving artificial intelligence market, the report said.

coindesk 2 years ago

Crypto Exchange Bitget to Tighten ID Requirements as Regulators Cite Fraud Concerns Existing customers have until Oct. 1 to complete the process, after which time they will only be able to withdraw, cancel orders or close trading positions.

Crypto Exchange Bitget to Tighten ID Requirements as Regulators Cite Fraud Concerns

Existing customers have until Oct. 1 to complete the process, after which time they will only be able to withdraw, cancel orders or close trading p...

coindesk 2 years ago

Ethereum Co-Founder Vitalik Buterin Sends $1M ETH to Coinbase Vitalik Buterin transferred over $1 million worth of ether to crypto exchange Coinbase on Monday.

Ethereum Co-Founder Vitalik Buterin Sends $1M ETH to Coinbase

Vitalik Buterin transferred over $1 million worth of ether to crypto exchange Coinbase on Monday.

coindesk 2 years ago

Bitcoin Held Steady Above $26K Over Weekend; XRP, LTC Buck Market Trend Crypto markets saw one of the biggest long liquidation events since FTX’s collapse, with little buying pressure over the past few days.

Bitcoin Held Steady Above $26K Over Weekend; XRP, LTC Buck Market Trend

Crypto markets saw one of the biggest long liquidation events since FTX’s collapse, with little buying pressure over the past few days.

coindesk 2 years ago

Bitcoin and U.S. Real Yield Reach Strongest Inverse Correlation Since April Bitcoin fell over 10% last week as the yield on the 10-year inflation-indexed security rose to the highest since 2009.

Bitcoin and U.S. Real Yield Reach Strongest Inverse Correlation Since April

Bitcoin fell over 10% last week as the yield on the 10-year inflation-indexed security rose to the highest since 2009.