Market Wrap: Yearn, EOS Rise Over 30% While Ether and Bitcoin Eke Out Small Gains

“It’s been the Tesla of self-driving investment management,” Rosenblum said. As for eos, Rosenblum pointed to eos creator Block.One’s $10 billion funding to build a new exchange infrastructure subsidiary, called Bullish Global. Peter Chan, lead trader at OneBit Quant, told CoinDesk he’s concerned about DeFi’s continued success on Ethereum, which may be why alternative platforms […]

Morgan Creek Founder Predicts $250K Bitcoin Within Five Years

It’s “about network adoption and increased usage,” he said. FAANGs refers to the stocks of Facebook, Amazon, Apple, Netflix and Google, now Alphabet. Yusko based his bitcoin target on equivalence with gold, which has a market capitalization of $4 trillion. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest […]

Ethereum Classic’s ‘Irrational’ Price Tripling Bears Hallmark of Dogecoin Frenzy

“I think a lot of the interest has to do with the fact that dogecoin has moved so much and U.S. Ethereum Classic was born out of a contentious split from Ethereum in 2017, known in blockchain lingo as a “hard fork.” However, it quickly lost the support of the larger Ethereum software-developer community and […]

Canadian Bitcoin Miner Bitfarms Approved for Nasdaq Global Market Listing

The tier which requires bigger financials and larger cash flows is the Nasdaq Global Select, followed by Nasdaq Global Markets and Nasdaq Capital Market. The leader in blockchain news, 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

Market Wrap: Bitcoin Near $58K, Rises After US Jobs Miss but Lags Altcoins

The weak jobs report reinforced expectations of continued easy money policy at the Federal Reserve, which sent bitcoin higher by about 2% over the past 24 hours. The April jobs miss suggests a fragile economic recovery, which means easy money from the Fed could continue to fuel the rally across risk assets. “During the last […]

Marathon Miners Have Started Censoring Bitcoin Transactions, Here’s What That Means

The Marathon OFAC pool, which was first announced in late March, “refrains from processing transactions from those listed on the U.S. Marathon said it is addressing a concern among “many large funds and corporations” that have” expressed interest in purchasing bitcoin” by marketing its mined bitcoin as OFAC-compliant. Department of the Treasury and Office of […]

Scaramucci’s SkyBridge Taps NYDIG as Bitcoin ETF Custodian, Documents Show

However, industry insiders say a new SEC chair, a warming financial sector, a plethora of serious applications and a thunder of crypto ETF activity in Canada have boosted firms’ hopes U.S. NYDIG, which also plans custody for its own ETF, is the only custodian with two gigs locked in. The leader in blockchain news, CoinDesk […]

Bitcoin Holds Support; Faces Resistance Around $58K-$60K

Bitcoin held support at around $54,000 after buyers took profits at around the $58,000 resistance level on Thursday. Although the short-term trend is improving, traders have been quick to take profits on rallies. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict […]

Market Wrap: ‘Ethereum Killers’ Pop as ING Report Highlights Ethereum Over Bitcoin

Layer 1 refers to blockchains that can serve as the foundation for various programming languages to create applications, known as smart contracts, that perform financial functions. A Wall Street Journal article published Thursday highlights that retail investors are searching for value coins. “Interest has flowed out of bitcoin and into for the time being. Bitcoin’s […]