Hamas Tapped Binance, LocalBitcoins to Launder Bitcoin Donations, Blockchain Data Suggests

Since May, bitcoin from Hamas’ wallets has been sent to Binance through three transactions, the latest of which happened as recently as June 6. We have a strong track record of assisting law enforcement agencies around the world,” Jung added. Last week, the Wall Street Journal reported bitcoin donations to Hamas surged during the latest […]

Bitcoin, Ether Dive While Some Alternative Cryptocurrencies Hit Record Highs

At press time ether’s changing hands at $3,779.81, down 8.48% in the past 24 hours, according to CoinDesk 20. As for bitcoin, the balance of that cryptocurrency held on major exchanges is increasing again after dropping for more than a year, according to data from Glassnode. The price of scaling solution Polygon Network’s native token, […]

Market Wrap: It’s ‘Doge Day Afternoon’ as Memecoin Jumps 47%; Ether and Bitcoin Rise

The expectation that Coinbase would list and begin trading the asset in the near future was likely one culprit for the FOMO. According to blockchain data from Bitinfocharts, one person owns 28.8% of all doge in circulation, and just 102 wallet holders own another 38.5%. According to CoinDesk Research, dogecoin’s correlation with bitcoin has fallen […]

Crypto Options Market Makers Starting to Influence Bitcoin Price

Bitcoin tanked on Wednesday, hitting multi-month lows near $46,000. The episode shows how the growing trade in cryptocurrency options in recent months has become a force to reckon with for participants in the underlying spot market for bitcoin, with monthly expiries proving to be a catalyst for price volatility. For example, if a trader wants […]

Bitcoin’s Mining Difficulty Hits New High; Taproot Begins Its Second Signaling Attempt

Bitcoin’s difficulty adjusted upward 21.53%, at 25.04 trillion, after dipping to 20.61 trillion in the last adjustment, according to this journalist’s Bitcoin node. Some of these miners have begun migrating machines to Sichuan for its incipient rainy season, which will supply them with gushes of cheap hydroelectricity. Per rules to coordinate the upgrade, at least […]

Bitcoin Adoption Keeps Growing During Alt Season, Blockchain Data Show

Bitcoin dominance, the ratio of cryptocurrency’s value to the overall market cap of digital assets, is at the lowest level since April 2018. 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 […]

Fairlead’s Stockton Warns of Bitcoin Correction to $42K, Based on Technical Analysis

Bitcoin remains in a state of calm, but not social media. MACD, which is the shortened form of “moving average convergence divergence,” is an indicator widely used to gauge trend strength and trend changes. The MACD has been a fairly reliable indicator of intermediate price action in the past. Bitcoin’s bull market has already slowed, […]

MoneyGram to Allow Bitcoin Buying and Selling Across Retail Network

The cash transfer company plans to introduce bitcoin trades in 20,000 stores across 32 states by Q3, Coinme CEO Neil Bergquist told CoinDesk. According to Coin ATM Radar, fewer than 3,000 crypto kiosks and tellers allow users to sell their bitcoin in person, though nearly 17,000 locations facilitate buys. The leader in news and information […]

Bloomberg Analyst ‘Optimistic’ on US Bitcoin ETF This Year

ETFs operate in a similar fashion to mutual funds, but can be bought and sold throughout the daily trading period on exchanges like stocks. Balchunas labeled the demand from investors as “insane.” Within the first two days of trading of Purpose Investment’s ETF, Canada’s first crypto ETF, the fund collected over $420 million in assets […]