By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The continued contraction of the stablecoin market capitalization suggests that the crypto markets are still in their bear phase, macro analyst Tom Dunleavy said.Publish at: May 24, 2023 at 11:06PM
Stablecoin Market Shrinks for 14th Straight Month, Posing Potential Headwinds for Crypto Prices
Excavating the Truth Around the Bitcoin Mining Discourse
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Last year, a group of CoinDesk reporters traveled to Seneca Lake to examine the effect Greenidge Generation – a resurrected power plant that now mines bitcoin – had on the surrounding communities. Though we expected to hear locals say they disliked the plant and its continued operation, we […]
Bitcoin’s Doldrums Below $26.5K Endure as Investors Weigh Debt Ceiling Stalemate, Latest FOMC Minutes
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The largest cryptocurrency by market capitalization sank below $26.2K early Wednesday after disappointing U.K. inflation data.Publish at: May 24, 2023 at 10:14PM
Crypto Execs Give Washington Influence Another Go With FTX Anchor Around Necks
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data When Washington, D.C. lawmakers tune into their favorite Sunday morning political shows this week, they’ll also get a dose of crypto messaging, thanks to a Coinbase (COIN) campaign that’s part of the next stage in the industry’s attempt to influence U.S. policy.Publish at: May 24, 2023 at 08:53PM
Tensions Rise Between SushiSwap, Lido Over Return of Exploited Funds
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Two decentralized finance projects are butting heads over a governance proposal that could see the recovery of 40 ETH stolen in Sushiswap’s April hack.Publish at: May 24, 2023 at 08:27PM
Cathie Wood Thinks the U.S. Crypto Exodus Is Here. Is It?
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Strike, Coinbase and others have intimated they may leave the United States due to regulatory pressure. But those may be empty threats.Publish at: May 24, 2023 at 06:27PM
Ledger Recover Fiasco Exposes Gap Between Blockchain Ideals and Technical Reality
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data After a video went viral of what appears to be a hardware wallet getting smashed with a hammer and then blow-torched into a charred mass, Ledger (and all of the crypto industry) got a searing reminder on the importance of managing expectations.Publish at: May 24, 2023 at 06:19PM
Ledger’s PR Struggle Reveals Uncomfortable Trade-Offs for Crypto Storage
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Hardware wallet maker said full open sourcing is not an option as it needs to protect the security of its chip design.Publish at: May 24, 2023 at 06:01PM
Bitcoin’s Declining Correlation With Stocks Revives Its Appeal for Investors: K33 Research
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The correlation of BTC’s price with the NASDAQ index has fallen to 17-month lows, making the asset attractive again for portfolio diversification, crypto research firm K33 noted.Publish at: May 24, 2023 at 05:57PM
Web3-Friendly Browser Brave Introduces NFT-Gated Video Calls
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The new tool for its Brave Talk video service allows hosts to use NFTs and POAPS to manage access to calls.Publish at: May 24, 2023 at 05:50PM