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Bitcoin network power demand falls to 10.65GW as hash rate sees 14% drop
25.6.2022
The Bitcoin network recorded the year 2022’s lowest power demand of 10.65 gigawatts (GW). At its peak, the BTC network demanded 16.09 GW of power
First Mover Asia: Hong Kong’s OSL Sees Strong Institutional Interest in Crypto, Despite Luna-Induced Volatility; Bitcoin and Ether Surge
24.6.2022
OSL’s Head of Americas Fernando Martinez said global, institutional trading volume is higher than it was in 2021, the best year in the crypto exchange’s history; altcoins have a good day
Short Bitcoin ETF Sees Slow Start in Market Despite Bearish Outlook for Bitcoin
23.6.2022
The newly launched short bitcoin (BTC) exchange-traded fund (ETF) from ProShares with the ticker BITI saw a slow start in the market on its first day of trading, before interest picked up noticeably on the second day....
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Bitcoin Slips to Nearly $20K; Citi Sees 50% Chance of Recession
22.6.2022
Premarket futures for U.S. indices fell, while Asian equities took a hit on Wednesday
Goldman Sachs Sees Higher US Recession Risk Citing Concerns the Fed Will ‘Respond Forcefully’ to High Inflation
22.6.2022
Goldman Sachs’ economists now see an increased risk of a U.S. recession. “We are increasingly concerned that the Fed will feel compelled to respond forcefully to high headline inflation and consumer inflation expectations if energy prices rise further, even if activity slows...
Former SEC Lawyer Sees More Crypto Regulations After Celsius Network's Debacle
21.6.2022
“This is going to lead to a real push for some significant regulation and oversight,” Moses & Singer LLP Partner Howard Fischer said on CoinDesk TV’s “All About Bitcoin.”
SNX Rises as Synthetix Sees Surge in Trading Volume
21.6.2022
The decentralized finance (DeFi) protocol Synthetix (SNX) has seen a massive surge in trading volume on its platform in June, leading its native token SNX to rise in the market....
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Bitcoin Sees Resistance at $21K as Investors Record Losses of Over $7B: Glassnode
20.6.2022
On-chain data shows investors exited positions acquired at much higher prices over the past three-day period
Dogecoin Sees Weekend Bump After Musk Tweets, Synthetix Volumes Grow to $200M
20.6.2022
Over the weekend, separate catalysts lead to volatile trading in the two tokens with SNX rising as much as 85% in the past 24 hours
Cumberland Sees Massive OTC Moves During Crypto Market Rout — ‘Most Volume We’ve Seen This Year’
19.6.2022
During the last week, while crypto markets got hammered, digital currency-centric over-the-counter (OTC) trading desks were swamped with orders. The cryptocurrency OTC trading desk Cumberland, a subsidiary of DRW, explained that on June 13, the firm saw 30% more volume than the previous...
Musk Sees Logic for Twitter as a Crypto Payments Platform
16.6.2022
Elon Musk spoke during Twitter’s virtual all-hands meeting Thursday
Tether Sees New Wave of Redemptions as Fear of Market Contagion Spreads
15.6.2022
Investors pulled out some $1.6 billion this week from USDT, the largest stablecoin by market capitalization, in the wake of Celsius and Three Arrows Capital facing financial woes
Biggest Movers: MATIC Slides to 1-Year Low as LINK Rebounds Following Losses
15.6.2022
MATIC fell to a one-year low on Wednesday, as crypto markets continue to crash this week. The decline sees MATIC almost 10% lower, and comes as LINK rebounded on Wednesday, hitting a four-day high in the process. Polygon (MATIC) MATIC was a notable mover on hump-day, as prices of the world’s...
NFT Market Sees Mixed Results: Floor Prices Fall in 24H, Overall Sales Increase in a Week
15.6.2022
The market for non-fungible tokens (NFTs) is seeing a very mixed picture amid the broader crypto market downturn - a small relief rally in the floor prices was recorded in the past day by a couple of major collections with others continue to decline, and the overall trading volume for...
Bitcoin Sees Weakness Ahead of CPI Report; Cardano, Solana Lead Fall in Majors
10.6.2022
Crypto market capitalization fell some 2.3% in the past 24 hours as bitcoin rose, then lost, a pivotal support level at $30,000
Tim Draper Still Sees Bitcoin (BTC) Surpassing $250k By Year End. Can Gnox (GNOX) Redefine the DeFi Space?
10.6.2022
Legendary venture capitalist Tim Draper made waves in the crypto community when he predicted Bitcoin would fly to $250,000 by the end of 2022 during a CNBC interview in June 2021. With Bitcoin currently trading at around $30,000, moving in a band between $28,000 and $31,000, the end of Q2 is...
Virtu Sees Crypto Market-Making Opportunity, Has Little Confidence in Incumbents, CEO Says
9.6.2022
Virtu Financial's CEO said he's positive on building a crypto marketplace with Citadel
CFTC Chief Behnam Sees a Crypto Movement Brewing in Washington
9.6.2022
Rostin Behnam, the chairman of the Commodity Futures Trading Commission (CFTC), is “very encouraged” that Congress is making moves to grant his agency a much wider regulatory authority over the digital asset markets, he said at CoinDesk's Consensus 2022
American Economists Are Baffled by an ‘Unusual Situation’ as Russia’s Ruble Is the World’s Best Performing Fiat Currency
9.6.2022
Two months after the Russian ruble fell below a U.S. penny, the transcontinental country’s fiat currency is the best performing currency worldwide. American economists are baffled by the “unusual situation” because a country facing stiff sanctions typically sees its fiat...
Benchmark Sees Canaan as Indirect Investment in Bitcoin; Shares Gain
8.6.2022
The broker initiated coverage of the mining-equipment business with a buy rating and $9 price target