Bitcoin

The latest price moves in bitcoin and crypto markets in context for Dec. 1, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Overall crypto market capitalization is at its highest level since May 2022 with nearly $400 billion added since the start of October.

Arthur Hayes, the former CEO of Bitmex, has explained what he thinks led to the billionaire settlement between Binance, its former CEO Changpeng ‘CZ’ Zhao, and the U.S. Department of Justice (DOJ). He detailed that the growth of…

Data shows over $1 billion worth of BTC has been withdrawn from exchanges recently.

A new report from Grayscale Investments reveals that bitcoin ownership is more widely distributed than commonly believed, with 74% of addresses holding less than $350 worth. However, around 40% of bitcoin supply is concentrated among…

The U.S. deputy secretary of the Treasury has revealed that the Treasury Department has asked Congress for more tools and authorities “to go after illicit actors in the digital asset space.” Moreover, he stressed: “We need…

Blackrock, the world’s largest asset manager, has held another meeting with the U.S. Securities and Exchange Commission (SEC) to discuss its spot bitcoin exchange-traded fund (ETF) application. The firm has proposed a “revised…

Microstrategy has expanded its bitcoin holdings with the acquisition of 16,130 more bitcoins. With this latest purchase, the Nasdaq-listed software intelligence firm is now hoding 174,530 bitcoins, acquired for around $5.28 billion. Since…

The Australia-based and Nasdaq-listed Iris Energy recently announced the acquisition of 1.3 exahash per second (EH/s) capacity in Bitmain’s latest Antminer T21 models. This purchase boosts Iris Energy’s proprietary mining…

In September and October 2023, a surge in activity was observed as numerous dormant bitcoin wallets from 2012 reawakened, transacting millions in bitcoin after lying inactive for more than ten years. Despite this flurry of activity, there…