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Bitcoin's Trading Range Narrows to Tightest in Months
22.5.2023
Tighter price ranges result from markets running into competing influences. Eventually, some narratives take the back seat, paving the way for a volatility explosion
UK Lawmakers Call for Crypto Trading to Be Regulated as Gambling
21.5.2023
A committee of British lawmakers has recommended regulating crypto trading as gambling. Viewing retail trading of cryptocurrencies as more akin to gambling rather than a financial service, the U.K. Treasury Committee stated that “Cryptocurrencies such as bitcoin have no intrinsic value and serve...
Bitcoin Hovers Below $27K as Fed Chair Powell Makes Modestly Dovish Comments
19.5.2023
“The financial stability tools helped to calm conditions in the banking sector. Developments there, on the other hand, are contributing to tighter credit conditions,” says U.S. central bank chair Jerome Powell in a Friday panel
Twitter partnership created a ‘symbiosis,’ says eToro CEO | Bitcoin Miami 2023
19.5.2023
Lule Demmissie, CEO of eToro, says that the new partnership with Twitter creates a symbiosis between social networks and social trading
Bankrupt FTX Sues to Retrieve Over $240 Million from Trading Platform Embed
19.5.2023
The bankrupt crypto exchange FTX is taking legal action in an attempt to retrieve more than $240 million it paid for the stock trading platform Embed.
Embed was acquired by FTX’s American branch FTX.US in mid-2022, but representatives for FTX’s bankruptcy estate now say former company executives...
First Mover Americas: Litecoin Might Be Trading at a Discount
19.5.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for May 19, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Ethereum Price Prediction as $6 Billion Trading Volume Rushes In – Are Whales Buying?
19.5.2023
The price of Ethereum (ETH) has dropped by 1% in the past 24 hours, slipping to $1,805 as the cryptocurrency market suffers a similar 1% dip.
ETH has risen by 2.5% in the past week but is down by 9% in the last 30 days, although the second-biggest cryptocurrency has also gained by 50% since...
XRP Bucks Bitcoin-Led Slide in Majors as SEC Case Tilts in Ripple’s Favor
19.5.2023
Ripple has historically maintained a distance from XRP, the token that powers some of its products and the XRP Ledger network
Litecoin Is Undervalued, Onchain Indicator Suggests
19.5.2023
Litecoin has rallied nearly 31% so far this year, but is still trading at discounted prices, according to an onchain metric called the MVRV Z-score
NFT Marketplace DIBA Goes Live on ‘Really Good for Bitcoin’ Smart Contracts
19.5.2023
DIBA also released a Bitcoin-only wallet in partnership with mining company Hut 8 Mining
Bitcoin Drops Below $27K as Investors Continue to Weigh Debt Ceiling Talks, Regulatory Actions
18.5.2023
BTC reversed its morning gains, declining below $26,500 before recently rebounding
Coinbase launches zero trading fee subscription service
18.5.2023
Coinbase’s new subscription service, “Coinbase One," is expected to roll out across 35 countries in the near future
Litecoin Price Prediction as $1 Billion Trading Volume Comes In – Are Whales Buying Before the Halving?
18.5.2023
Litecoin (LTC) is on course for its first red day in five as the broader cryptocurrency market experiences a dip as US yields and the US dollar gain in wake of strong US data releases that push back against US recession bets, and after commentary from Fed speakers puts in doubt the idea that...
Galaxy Executed its First OTC Options Trade as Demand for On-Chain Options Ramps Up
18.5.2023
In 2022, “DeFi performed exceedingly well while CeFi and some traditional methodologies for transacting had some challenges,” Jason Urban, Galaxy’s global head of trading, told CoinDesk TV
NFT Trading Volume on Track to Drop Below $1B, But Does That Metric Matter?
18.5.2023
When looking at the health of the NFT market, it's important to consider multiple metrics that provide insight into trader behavior shifts
Chinese State-Owned Greenland Eyes Hong Kong Virtual Asset Trading License
18.5.2023
Chinese state-owned real estate firm Greenland Holdings has expressed interest in joining Hong Kong's digital assets hub.
A May 17 report by South China Morning Post (SCMP) revealed that Greenland is creating a new unit to acquire virtual assets trading licenses in Hong Kong.
The firm’s fintech...
USDC trading goes live in Singapore via Coinbase
18.5.2023
Coinbase recently conducted a commissioned study, revealing that 25% of the residents of Singapore feel that cryptocurrency is the future of finance. The number is at par with the UK and higher than the UK, where only 17% share the sentiments. The study has also revealed that what keeps people from...
Absence of Retail Investors Could Stand in the Way of Pepecoin's Rise to Top Meme Coin: Santiment
18.5.2023
A Santiment report said that pepecoin (PEPE) could face challenges amid a generally bleak trading environment
Pakistan to Ban Online Services Related to Cryptocurrencies
18.5.2023
Authorities in Pakistan intend to prohibit all internet-based crypto services despite significant digital-asset investments made by Pakistanis. The decision comes as government officials in Islamabad take a strong stance against the legalization of cryptocurrencies like bitcoin. Crypto ‘Will Never...
Crypto Perpetuals Exchange DYdX Considering the Launch of More SubDAOs
18.5.2023
The conversation was initiated to promote more decentralization within the dYdX ecosystem ahead of its v4 upgrade