It fulfills the needs of the complex system … because it has no owner, no authority that can decide on its fate. Taleb has since had a very public falling-out with Ammous, deleted his Medium post that contained the foreword and made his tweets private, meaning if you are not among the 743,000 people who […]
“The statement of the central bank of China is relatively mild as mentioned before,” Colin Wu, a crypto journalist based in China tweeted. Ju and his firm use a so-called whale capitulation index to monitor bitcoin whales’ behaviors. Ether, the No. The leader in news and information on cryptocurrency, digital assets and the future of […]
Photos appearing to show the equipment packed up and ready to be airlifted were shared on Twitter Monday by CNBC’s senior correspondent in Beijing, Eunice Yoon. Citing blockchain data, Heller estimates that 50 exahash per second of mining capacity in China has been turned off recently, or the equivalent of 526,000 S19 machines. The leader […]
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. …Read the full story
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. …Read the full story
It’s been a complicated week for bitcoin‘s adoption story. It allows parties to transact quickly and cheaply, verifying their transactions periodically in batches via the more trust-minimized Bitcoin network. The number of bitcoin wrapped on Ethereum has grown faster over the same period, and it’s a couple orders of magnitude greater than the number of […]
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. …Read the full story
Just a month after Tesla CEO Elon Musk tweeted his concerns about the potential environmental harm from bitcoin mining, sending the cryptocurrency’s price into a tailspin, some industry players are rushing to respond. Of course, bitcoin mining represents just one of many industries struggling to adapt to the ESG concerns. The leader in news and information […]
Two weeks ago, the government of El Salvador shocked the world with the sudden announcement that the Central American nation would make bitcoin legal tender. CoinDesk columnist Nic Carter is partner at Castle Island Ventures, a public blockchain-focused venture fund based in Cambridge, Mass. The actual implementation of this provision, which is due to take […]
Sichuan, which is arguably the largest hydro-based crypto mining hub in China, is joining the ranks of Chinese provinces cracking down on bitcoin mining. Municipal governments, city governments and energy providers, including the State Grid Corporation of China, in Sichuan will lead the crackdown. Any company that is found to be a crypto mining project […]
The relief rally from the June 8 low of about $31,000 was short-lived as buyers struggled near $40,000 resistance this week. The daily price chart shows a series of lower price highs since April, which suggests sellers are in control. The leader in news and information on cryptocurrency, digital assets and the future of money, […]
That renewed fears that Fed would begin to gradually unwind liquidity-boosting stimulus earlier than expected. On the flip side, a hawkish surprise could weigh on asset prices. According to Patrick Heusser, the head of trading at Zurich-based Crypto Broker AG, the pain trade could be a “risk-off” reaction, resulting in an uptick in safe-haven currencies […]
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. …Read the full story
House of Representatives have formed a task force to discuss a range of crypto topics, aiming to “engage with regulators and experts to do a deep dive into this poorly understood and minimally regulated industry,” according to U.S. The chart below represents the three-month bitcoin options premia for put contracts with strikes at 80% of […]
China’s Xinjiang Uygur Autonomous Region, the Inner Mongolia Autonomous Region and Qinghai province last week announced plans to shut down some or all bitcoin mines. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by […]
The proposed law change comes after local media reported that a 17-year-old Tunisian boy was arrested in April for using cryptocurrency for an online transaction. Even without regulatory clarity, crypto adoption in Tunisia is growing at a record pace. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk […]
Bitcoin is often seen as a hedge against inflation, and many crypto analysts attribute the cryptocurrency’s gains over the past year to concern about increasing inflation. While bitcoin’s price remains relatively stagnant after the May crash, the price of commodities like oil and iron ore has been climbing. The leader in news and information on […]
The aggregated dollar value of open interest – bitcoin futures contracts traded but not settled – has climbed to $13.1 billion, the highest since May 19, data from Skew shows. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest […]
Bitcoin stalled for most of Monday before making another run at $40,000 as of press time. On Monday, CoinDesk reported that Bitwise Asset Management, a crypto investment firm with $1.2 billion in assets under management, raised $70 million at a $500 million valuation. Crypto is gradually making its way into the multi-asset universe, evidenced by […]
The word capital derives from the Latin caput, often translated as head – like El Capitan – but also denoting a source or a spring. Last week I took a short sojourn up the Hudson River, a two-day trip by foot from my home in southern Westchester, N.Y., to the Graymoor monastery near the Highlands. […]