Ethereum has seen some wild price action over the past few days, with its bulls moving to erase its pattern of underperformance that has plagued its price action The…
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Wrapped Bitcoin ‘Burns’ Increase as Traders Rotate Capital Out of Cooling DeFi – CoinDesk
Wrapped bitcoin, the bitcoin-backed token on Ethereum now worth over $2 billion, has seen an increase in burns (or “unwrappings”) by some of its largest users as the Ethereum-based…
Bitcoin’s Price Is a Poor Proxy for Its Utility – CoinDesk
I have looked on with interest over the past two months as bitcoin has climbed to approach its previous all-time high. That old high-water mark occurred in the midst…
$700: Analysts Expect Ethereum to See a Massive Surge as ETH 2.0 Rollout Nears
Ethereum has been closely tracking Bitcoin over the past few days and weeks This has caused the cryptocurrency to see some turbulence as of late, with news regarding the…
Bitcoin Tops $11K for First Time in Almost 3 Weeks
Bitcoin appears to have broken out of its tight trading range over the past two weeks, between roughly $10,500 and $10,800. Read original at
Ripple Paid MoneyGram $15.1M in ‘Market Development Fees’ in Q2 – CoinDesk
MoneyGram received over $15 million from Ripple in Q2 for providing liquidity for Ripple’s XRP-based cross-border settlement network. Disclosure The leader in blockchain news, CoinDesk is a media outlet…
A Rare Glimpse Into How Crypto Is Really Used in Venezuela – CoinDesk
Over the past two years, many bitcoin believers donated cryptocurrency to initiatives in Venezuela, often holding up the small nation as the pinnacle example of the technology’s potential. The…
Hong Kong’s National Security Law Could Threaten Local Crypto Brokerages – CoinDesk
U.S. sanctions in response to Hong Kong’s national security law – and Beijing’s tighter grip over the city’s financial system – could pose challenges for local crypto brokerage firms. …
Whale: Before the Next Bitcoin Bull Run, Expect an Altcoin “Extinction Event”
If you’ve looked into Bitcoin or cryptocurrency on Twitter over the past half-year, you likely know of “Joe007.” He is a pseudonymous BTC whale that, through Bitfinex’s leaderboard system,…
Three Simple Reasons Why Ethereum Won’t Benefit from DeFi’s Growth
DeFi-related tokens have been caught within an intense bull market over the past several weeks, with many posting 100%+ gains This growth has been fueled by return-hungry investors looking…