Crypto News
Latest Crypto News
Bitcoin Cools After 65% Rally; WOO Network Predicts BTC Price to Hit $75K in Early 2024
The largest cryptocurrency by market cap recovered to $43,000 after Monday’s 10% flash crash to $40,000 that flushed overenthusiastic leveraged bets on higher prices. A dovish Federal Reserve projecting rate cuts and the falling U.S. dollar bolstered the recovery, but lost steam by Friday and BTC slipped back to $41,500. Source link
Polygon Labs Deprecates ‘Polygon Edge,’ Used to Build Dogechain, Which Uses Dogecoin for Gas
It was pitched as a way of adding support for Ethereum-style smart contracts, which in turn could facilitate new DeFi protocols as well as NFTs; the original Dogecoin blockchain lacked smart-contract support, since it was a fork of Litecoin, which in turn was an early clone of Bitcoin, the original blockchain launched in 2009 –…
Coinbase Tried to Rein in a Renegade SEC That's Trying to Rein in a Renegade Industry
The SEC rejected Coinbase’s petition for crypto rulemaking, marking yet another refusal to provide regulatory clarity for an industry that badly wants it. Source link
First Mover Americas: Bitcoin Ends the Week in Muted Mood
The latest price moves in bitcoin [BTC] and crypto markets in context for Dec. 15, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source link
Arbitrum (ARB) Blockchain Hit by ‘Partial Outage’ Due to Traffic Surge
Arbitrum’s sequencer stalled “during a significant surge in network traffic,” according to posts across the network’s social media on Friday. “We are working to resolve as quickly as possible and will provide a post-mortem as soon as possible,” read a post on Arbitrum’s status webpage. Source link
Taiwanese Authorities Investigating Blockchain Betters over Polymarket Election Contract: Report
In Taiwan, while gambling activities, including participation in, promotion of, and platform hosting for betting pools like Polymarket, face legal consequences, enforcing actions against overseas entities presents jurisdictional challenges, limiting Taiwan’s legal reach primarily to domestic actors, Lin explained. Source link
Bank of Korea Governor Sees CBDC Introduction as Case for 'Urgency:' Report
Stablecoins’ widespread usage and frequent instability could lower the effectiveness of central bank monetary policies, Rhee Chang-yong said. Source link
U.S. SEC Denies Coinbase’s Push for Crypto Regulations as ‘Unwarranted’
intermediaries in the trading, settlement, and custody of those securities is unworkable,” the five-member commission concluded in its two-page response, which said the agency had given the request careful consideration. “The commission concludes that the requested rulemaking is currently unwarranted and denies the petition.” Source link
Solana (SOL) Rally Sees FTX’s Holdings Grow to $3.3B, Setting Claims Market on Fire
“The market for claims has gone red hot,” Braziel said via email. “Everything that was off the table is now on the table in terms of issues with claims, such as KYC/ AML being not verified. In the beginning it was super picky; now it’s whatever we can touch that we can figure out, we…
ARK Sells $42.6M Coinbase Shares as COIN Hits 20-Month High
The firm has sold over $150 million worth of stake in COIN since Dec. 5. Source link