Leveraged Crypto Traders Hit Hard: $872M Liquidated in a Single Day Amid Bitcoin Price Drop
12.4.2024
On April 12, bitcoin briefly reached above the $71,000 threshold, but its value plunged by more than $3,000 after a substantial sell-off at 2:00 p.m. Eastern Time. The price of bitcoin in USD tumbled to an intraday low of $65,230. Over the past 24 hours, leveraged crypto positions totaling $871.88...
Craig Wright Drops Norwegian Defamation Appeal Over Satoshi Nakamoto Claims
12.4.2024
Craig Wright, an Australian computer scientist who claims to be bitcoin founder Satoshi Nakamoto, has dropped his appeal in a Norway defamation case against well-known X user Hodlonaut (a.k.a. A Marcus Granath), a statement posted to X Thursday by Bitcoiner alleges. News of Wright's failed appeal...
Payment Use Cases Fuel Increasing Stablecoin Growth
12.4.2024
The global stablecoin supply currently stands at over $150 billion, demonstrating new demand for relatively stable digital assets. The stablecoin market has also grown more competitive. For example, XRP issuer Ripple recently announced plans to launch a United States dollar-backed stablecoin. ...
Stablecoin Market Expands by $4.46 Billion in 12 Days
12.4.2024
In the last 12 days of April, the stablecoin sector expanded by $4.46 billion, reaching a current valuation of $155.86 billion. Additionally, the top five dollar-pegged cryptocurrencies experienced an increase in their supplies over the last 30 days. Top Dollar-Pegged Cryptos See Growth Amid...
Hong Kong Set to Approve Bitcoin and Ether ETFs as Early as Monday
12.4.2024
The potential approval of Bitcoin and Ether ETFs in Hong Kong could occur as soon as Monday, with asset management firms like Harvest Fund Management anticipating the green light. Collaborating with Hong Kong Exchanges & Clearing Ltd, the Securities and Futures Commission seeks...
UK Competition and Markets Authority Raises Alarms Over Big Tech’s AI Dominance
12.4.2024
The Competition and Markets Authority (CMA) of the United Kingdom, under the direction of Sarah Cardell, has voiced its dissatisfaction with AI Foundation Models (FMs) that are owned by a small number of tech companies.
The post UK Competition and Markets Authority Raises Alarms Over...
Bitcoin Plunges to $66K, Altcoins Tumble 10-15% on Ugly Day for Risk Assets
12.4.2024
Investors may expect market weakness due to the tax season, Ryze Labs said in a report
Why Bitcoin Halving Calculators Are Out of Sync
12.4.2024
The famously pre-planned, programmatic event, currently predicted for April 19, is surprisingly hard to predict at minute scales
Avail, Blockchain Data Availability Project, Sketches Out Eligibility for Token Airdrop
12.4.2024
A screenshot of a document describing the eligibility criteria for the airdrop was posted on the social-media platform X by the user @Bitcoineo, and Avail’s public-relations team flagged the to tweet to CoinDesk, describing it as a "leak."
Report: Bitcoin Miners Strengthen Reserves Ahead of Fourth Halving
12.4.2024
As we near the anticipated fourth Bitcoin halving event, there are only 1,133 blocks left until we reach block 840,000, with the milestone expected to occur in about a week. Recent data from theminermag.com’s Miner Weekly on Thursday shows that bitcoin miners are conserving their reserves...
EMURGO joins hands with Huawei Cloud for Cardano Network expansion
12.4.2024
EMURGO, a business that leads the way in Web3 adoption on the Cardano blockchain, has forged a strategic alliance with Huawei Cloud. By doing this, it hopes to strengthen the Cardano network by installing a Cardano Validator Node on the robust infrastructure of Huawei Cloud. Consequently, further...
Dogecoin Climbs 5.4%, Tops CoinDesk 20 This Week: CoinDesk Indices Market Update
12.4.2024