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Bitcoin
FTX Unveils Reorganization Strategy, Proposing ‘Offshore Crypto Exchange’ and New Trust
In the midst of the bankruptcy proceedings, FTX presented its primary reorganization strategy and term sheet to the U.S. bankruptcy court, detailing an ambitious plan to reinvent FTX as an “offshore crypto exchange” while also founding a…
Longtime Environmentalist RFK Jr. Not So Sure Bitcoin Is Boiling the Oceans
The environmental argument "should not be used as smokescreen to curtail freedom to transact," U.S. Democratic presidential candidate Robert F. Kennedy Jr wrote on Twitter.
Bitcoin Won’t Back U.S. Dollar, Presidential Hopeful Vivek Ramaswamy Says
The Republican candidate’s comments stand in contrast to Democratic candidate Robert F. Kennedy, who supports using bitcoin to stabilize the dollar.
Bitcoin’s Plunge Below $29K Triggers $92 Million in Derivatives Liquidations; Crypto Markets Tremble
As bitcoin dipped below the $29K threshold and the overall crypto economy experienced a 1.4% decrease to $1.17 trillion, cryptocurrency derivatives markets underwent $92 million in liquidations, primarily in long positions.
Cascading…
Biggest Movers: SOL, XLM 5% Lower, as Bearish Streak Extends
Solana dropped for a third consecutive session on Tuesday, as the token started the month of August nearly 5% lower. Overall, the global market cap was mostly in the red, dropping by 1.44% as of writing. Stellar fell to a one-week low,…
Crypto Staking in the Crosshairs: IRS Unveils New Tax Guidance
The U.S. Internal Revenue Service (IRS) has issued a decree stating that American citizens drawing income from cryptocurrency staking services must categorize the value of those digital assets as gross income, the moment they officially…
Bitcoin, Ethereum Technical Analysis: BTC Starts August Trading Below $29,000
Bitcoin dropped below the $29,000 level to start the month of August, as the greenback continued to strengthen versus other G7 currencies. The U.S. dollar rose ahead of this afternoon’s manufacturing Purchasing Managers Index (PMI),…
First Mover Americas: Bitcoin Starts August in the Red After Losing Ground in July
The latest price moves in bitcoin (BTC) and crypto markets in context for August 1, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bavaria’s Data Protection Office Launches Probe Into Worldcoin’s Iris-Scanning Data Practices
Bavaria’s State Office for Data Protection Supervision (DPS) has initiated an inquiry into the Worldcoin project and its data collection techniques, as disclosed in a Reuters report on Monday. This comes shortly after similar…
Pro Trader Peter Brandt Says Bitcoin Halving ‘Will Be a Non-Event’
Veteran trader Peter Brandt has said the upcoming bitcoin halving in 2024 and the “inevitable” approval of a Bitcoin ETF by the U.S. are likely to be non-events. Brandt claimed that while the top cryptocurrency’s…