Bitcoin

Bitcoin (BTC) Price Dips Near $40K in Steepest Drawdown Since August; LINK, ADA, XRP Lead Crypto Losses

Over the space of a few minutes Sunday evening, BTC plunged to near $40,500 from around $43,800 in what could be termed a “flash crash.” Prices quickly recovered to $42,400, but then started to slide again during U.S. afternoon hours to as low as $40,200, a level it broke through on the way up a…

Bitcoin Price (BTC) Decline Has Crypto Stocks COIN, MSTR, and MARA Buckling

The price drop followed a swift correction in crypto markets Sunday evening, with BTC dropping nearly 10% from the $44,000 level in the space of a few minutes in what might be termed a “flash crash.” At press time, bitcoin was trading at $41,700, down about 5% over the past 24 hours. The CoinDesk Market…

Decentralized Exchange Uniswap Expands to Bitcoin Sidechain Rootstock

Uniswap version 3 (v3) has been deployed on Rootstock by GFX Labs, the team behind trading terminal Oku, according to an emailed announcement shared with CoinDesk on Monday. According to Uniswap’s website, the project, originally designed for Ethereum, has also been deployed on the Ethereum layer-2 networks Arbitrum, Optimism and Polygon. Source link

Bitcoin Slips to $42K From Last Week’s Yearly High

Bitcoin, the world’s largest cryptocurrency by market value, lost ground on Monday after reaching yearly highs last week. Bitcoin fell 3% in the last 24 hours to trade around $42,400 after hitting $45,000 last week. There are a number of factors for the drop in price, with some analysts attributing it to macroeconomic fundamentals. Friday’s…

Bitcoin (BTC) Price Drop Cools Overheated Funding Rates, Data Show

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Bitcoin Core’s ‘v26.0’ Upgrade Aims to Impede Eavesdropping, Tampering

“This proposal for a new P2P protocol version (v2) aims to improve upon this by raising the costs for performing these attacks substantially, primarily through the use of unauthenticated, opportunistic transport encryption,” according to the proposal. A key benefit is that “encryption, even when it is unauthenticated and only used when both endpoints support v2,…

Bitcoin From Satoshi Nakamoto’s Era Were Moved as BTC Prices Hit $44,000

Over 1,000 bitcoins from an early miner were moved to trading desks and custodian services on Dec. 4, on-chain data firm CryptoQuant shared with CoinDesk in a Thursday report. These tokens were previously moved 13 years ago, between August and November 2010, and were mined from block rewards at an estimated total cost of $100….

Bitcoin Price’s (BTC) Next Move Might Depend on Interest Rate Outlook

Economists are expecting Friday’s report to show a job gain of 185,000 in November, with the unemployment rate flat from October at 3.9%. A sizable miss to the downside is likely to reinforce bets about lower interest rates and might provide the fuel for bitcoin’s run to $50,000. The flip side, however – jobs added…

Craig Wright’s Tulip Trading Must Prove Ownership of Bitcoin in Hacking Case vs BTC Developers, English Court Rules

“Mr. Wright now not only needs to prove that he owns the bitcoin for the claim to proceed, he must also pay security for the developers’ costs of doing so,” Timothy Elliss, a partner at Enyo Law, which represents most of the defendants, said in an email. Source link