If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. 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 […]
This week saw the dramatic arrest and criminal charging of Bill Hwang, the former manager of the private hedge fund Archegos Capital Management. There’s a fascinating discussion to be had about whether what Hwang did was full-blown fraud, but I won’t bother trying to outdo Matt Levine on that front. That buying itself helped push […]
The Fed is likely to raise the benchmark interest rate by 50 basis points next week, accelerating the pace of monetary tightening that began last month with a 25 basis point hike. The dollar index, which tracks the greenback’s value against major currencies, has rallied to 20-year highs. In other words, various corners of the […]
The S&P 500 also traded lower on Friday, and is on track for its worst start to a year since 1942. Bitcoin is underperforming the S&P 500 and gold year to date, but is slightly ahead of long-term Treasury bonds as shown in the chart below. Typically, investors reduce their exposure to speculative assets such […]
The Fed is likely to raise the benchmark interest rate by 50 basis points next week, accelerating the pace of monetary tightening that began last month with a 25 basis point hike. The dollar index, which tracks the greenback’s value against major currencies, has rallied to 20-year highs. In other words, various corners of the […]
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. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the […]
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. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the […]
“With our mining operations at Helios expected to commence in May, along with the development of custom mining machines using Intel’s next-generation Blockscale ASIC chips, Argo is well-positioned to continue its growth with a focus on delivering for our shareholders,” said CEO Peter Wall in a statement. On April 4, Chip giant Intel launched its […]
Due to their high correlation to the prices of the assets they mine, crypto mining stocks saw rapid appreciation last year as the price of bitcoin soared to an all-time-high. With markets off their peak, access to capital has also become somewhat restricted for the miners who need large amounts of funding to stay competitive […]
As a monetary system, the Bitcoin layer 1 blockchain provides global interoperability, transparency and settlement finality without intermediaries or central authority. However, it takes time for the decentralized network to reach consensus about new transactions and add them to the blockchain. In late 2017, an upgrade to Bitcoin’s protocol paved the way for development of […]
For a short squeeze to occur, the market needs to have a higher-than-usual bearish activity. Open interest, or the number of open positions in bitcoin’s perpetual futures market, rose to 256,752 BTC early this week, the second-highest daily tally in 365 days, surpassed. Most of these could be short positions, as data tracked by Laevitas […]
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. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the […]
In an essay titled “The Doom Loop,” published Wednesday, Hayes argued that the West’s decision to freeze Russia’s forex reserves and push the country out of the global payments messaging system SWIFT has set the stage for a so-called doom loop where the current account surplus nations stop investing in dollar-denominated assets like Treasuries and […]
Meanwhile, bitcoin was down by 3% on Tuesday, and is on track for an 18% decline over the past 30 days. Selling pressure has been dominant so far this year as investors reduced their exposure to both stocks and cryptos. Most analysts agree that bitcoin is set for a volatile price move, but the direction […]
It shot bitcoin to an all-time high above $28,000 and, more importantly, caused investors and Wall Street firms to start taking the largest cryptocurrency by market capitalization seriously. This would be a very different scenario from what crypto markets saw during the COVID-19 recession. Digital assets might see a drop in prices in the short-term, […]
As of press time, the largest cryptocurrency by market capitalization was down 3.3% in the past 24 hours, trading at $38,210 – close to the lowest since mid-March. 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 […]
Meanwhile, bitcoin was down by 3% on Tuesday, and is on track for an 18% decline over the past 30 days. Selling pressure has been dominant so far this year as investors reduced their exposure to both stocks and cryptos. Most analysts agree that bitcoin is set for a volatile price move, but the direction […]
This time, however, a bearish setup on the monthly chart could increase the risk of a breakdown in price. BTC’s current pullback is similar to what occurred in September of last year, when buyers began to take profits around the $46,000-$50,000 resistance zone. The leader in news and information on cryptocurrency, digital assets and the […]
In another development, the Bitcoin Mining Council’s quarterly report published Monday said mining efficiency rose by 63% year on year in the first three months, with sustainable energy usage at 58%. “The recovery attempt of risk appetites, reflected in the recovery and strong close in U.S. According to data tracked by Skew, bitcoin options worth […]
On today’s episode, NLW digs into rumors that the Central African Republic has adopted bitcoin as legal tender. “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. The leader in news and information on cryptocurrency, digital […]