Markets

Tokenized Staked ETH Will Replace ETH (And That’s a Good Thing)

Tokenized staked ETH is going to replace ETH itself.  Ethereum is finally set to shift from a proof-of-work infrastructure to proof-of-stake. The end result of this upgrade will effectively take ETH out of circulation, replaced by a tokenized version of itself.  Tim Ogilvie is the CEO of Staked, which runs staking infrastructure for institutional investors, …

Tokenized Staked ETH Will Replace ETH (And That’s a Good Thing) Read More »

In Effort to Differentiate, Litecoin Makes a Move to Privacy

Litecoin (LTC), a nine-year-old cryptocurrency whose price returns have chronically underperformed the bigger and better-known bitcoin in recent years, is hitching its wagon to a new star: privacy. The blockchain industry subsector of “privacy coins” – cryptocurrencies with embedded technology that shields identifying information from public view – is becoming one of this year’s hottest …

In Effort to Differentiate, Litecoin Makes a Move to Privacy Read More »

Bitcoin price steady as $10B asset manager scoops up 10,000 BTC

Bitcoin (BTC) is winning the battle of the safe havens as another corporate buy-in sees $115 million enter its books. Asset management giant Stone Ridge confirmed that it made the significant purchase via its spin-off New York Digital Investment Group or NYDIG, which now has over $1 billion in assets under management. Economist: Fed must …

Bitcoin price steady as $10B asset manager scoops up 10,000 BTC Read More »

Market Wrap: Bitcoin Bumps Close to $11.6K; Ether Options Open Interest Dips

Bitcoin bounced close to $11,600 before retreating a bit while ether options traders are less active than they were in September. Bitcoin (BTC) trading around $11,552 as of 20:00 UTC (4 p.m. ET). Gaining 1.7% over the previous 24 hours. Bitcoin’s 24-hour range: $11,186-$11,598 BTC is above its 10-day and 50-day moving averages, a bullish …

Market Wrap: Bitcoin Bumps Close to $11.6K; Ether Options Open Interest Dips Read More »

Short the Dollar: How Goldman’s Bearish Stance Uplifts Bitcoin Q4 Sentiment

Goldman Sachs, the $71.4 billion investment bank, is reportedly bearish on the U.S. dollar. For Bitcoin (BTC), which has recently rallied above the dreaded $11,100 level, this could serve as a potential catalyst. Bitcoin is heading into the last two months of the year with significant uncertainty. But if the dollar continues to slump, it …

Short the Dollar: How Goldman’s Bearish Stance Uplifts Bitcoin Q4 Sentiment Read More »

Bitcoin News Roundup for Oct. 12, 2020

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 …

Bitcoin News Roundup for Oct. 12, 2020 Read More »

Dollar dip meets hash rate boom: 5 things to watch in Bitcoin this week

Bitcoin (BTC) starts the week above $11,000 as fresh gains continue to hold — is $12,000 next or will bears gain control? Cointelegraph takes five factors that could help decide whether this week is bullish or bearish for BTC price action.  U.S. election could send dollar back to 2018 Bitcoin remains sensitive to macro phenomena …

Dollar dip meets hash rate boom: 5 things to watch in Bitcoin this week Read More »

Top traders go long after Bitcoin price rallies to key $11.5K resistance

On Oct. 7 Cointelegraph reported that top crypto traders had kept a bearish stance since mid-September and at the time the Bitcoin (BTC) long-to-short ratio had reached its lowest level in 10 weeks. All of this changed in a matter of hours as soon as BTC broke through the $11,000 resistance. Whenever Bitcoin’s volatility gets …

Top traders go long after Bitcoin price rallies to key $11.5K resistance Read More »

Ethereum miners made 450K ETH from high network fees during DeFi peak

Ether (ETH) miner revenue skyrocketed during the month of September according to data from glassnode, an onchain analytics resource. While the price of Ether did not rise significantly during this time, miners on the Ethereum network saw their revenue increase due to high fees.  Miners took home 450,089 ETH in fees ($168.7 million) and this …

Ethereum miners made 450K ETH from high network fees during DeFi peak Read More »