Bitcoin News

Bitcoin News

Merkado

Institution Takes $25M Hedge Bet on Derive's Bitcoin Options Market as U.S. Election Looms

The strategy will profit most if BTC rises to $80,000 by the end of November.

Donald Trump and Kamala Harris on screen at a Presidential debate. (Kevin Dietsch/Getty Images)

Merkado

Bitcoin Retakes $67K, Dollar Index Rally Stalls as Beige Book Supports Fed Rate Cuts

Beige Book bolsters hope for quarter-point Fed rate cuts in November and December.

BTC's price chart. (CoinDesk/TradingView)

Merkado

Number of Bitcoin Whales Jumps to Highest Since January 2021

Whale Entities are clusters of crypto wallet addresses held by a single network participant holding least 1,000 BTC.

humpback (ArtTower/Pixabay)

Tech

Protocol Village: Blockchain Key Manager Cubist, Led by Carnegie Mellon Prof, Launches Bridge-Security System 'Bascule'

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Oct. 17-23.

Protocol Village is CoinDesk's living column chronicling blockchain tech project updates (CoinDesk)

Merkado

Bitcoin Slides to $66K, Ether Dives 5% in Market-Wide Selloff

Cryptocurrencies weren't spared as stocks, bonds, gold and oil all declined on Wednesday.

Bitcoin price action.

Merkado

Solana Hits Record vs. Ether, Outperforms Bitcoin as AI Memecoin Frenzy and Surging Revenues Fuel Rally

Solana was the best-performing asset in the CoinDesk 20 Index through the week, advancing 11%, while BTC and ETH declined.

Solana's SOL price (CoinDesk)

Tech

Bitcoin Startup Satflow Targets 'Mempool Sniping' in New Token-Trading Rival to Magic Eden

The project, which recently raised $7.5 million, says the new decentralized exchange (DEX) will target the market for Bitcoin-based tokens including Ordinals NFTs and Runes fungible tokens – aiming to curb unsavory transactional practices that are possible due to the blockchain's long block times.

Satflow takes aim at the practice known as 'mempool sniping' in new decentralized exchange for trading Ordinals and Runes tokens (A.B. Frost/Wikipedia, modified by CoinDesk using PhotoMosh)

Tech

Justin Sun Might Be Good for Wrapped Bitcoin, Says New Custodian's Director

Robert Liu, a member of the board of Hong Kong-based BiT Global, which was recently added by BitGo as an additional custodian to the bitcoin-on-Ethereum token known as wrapped bitcoin (WBTC), notes in an exclusive interview that Tron founder Justin Sun has come to the aid of customers in the past.

Tron party at Bitcoin Nasvhille (Bradley Keoun)

Patakaran

Peter Todd Says Even Reports of His 'Going Into Hiding' Are Exaggerated

Weeks after a widely panned HBO documentary claimed Todd is Bitcoin creator Satoshi Nakamoto, Wired reported the former Core dev is avoiding the public eye. Yet he's speaking at conferences.

Former Bitcoin developer Peter Todd, left (HBO)

Merkado

First Mover Americas: BTC's Fall Below $67K Prompts Broad Market Dip

The latest price moves in crypto markets in context for Oct. 23, 2024.

BTC price, FMA Oct. 23 2024 (CoinDesk)