Bitcoin BTC$86,137.94 mining is experiencing a significant revival in China even though the activity was formally banned in 2021, according to Reuters. After almost disappearing from the global landscape, China has climbed back to the third position with an estimated 14% share of global mining by October, according to Hashrate Index. This resurgence is driven…
A week ago, CoinDesk highlighted a bearish shift in the BTC options market, with the $85,000 put overtaking the $140,000 call as the most popular bet on crypto exchange Deribit. Now, the $80,000 put has taken the lead, boasting an open interest of just over $2 billion, while the $85,000 put ranks second with $1.97…
A lone Bitcoin miner running roughly 6 terahashes per second of hashpower — an amount so small it barely registers on the network — mined a full BTC block on Friday, earning 3.146 BTC plus fees worth nearly $265,000. The feat was confirmed by Solo CK pool creator Con Kolivas, who noted the miner had…
Coinbase Markets is preparing to roll out round-the-clock futures trading for a slate of major altcoins, extending its push into regulated crypto derivatives as demand for non-stop access grows. Starting Dec. 5, futures tied to AVAX$13.40, BCH$559.41, ADA$0.4091, Chainlink LINK$12.67, DOGE$0.1429, Hedera (HBAR), LTC$84.14, DOT$2.3145, SHIB$0.0₅7995, Stellar (XLM) and SUI will trade 24 hours a…
Bitcoin’s long-term design came under renewed scrutiny on Friday after VanEck CEO Jan van Eck questioned whether the network provides sufficient encryption and privacy during an appearance on CNBC’s “Power Lunch” with anchor Brian Sullivan. Van Eck said the issues drawing attention inside the Bitcoin community go beyond short-term market swings. “There’s something else going…
A malformed transaction pushed Cardano into a brief chain split on Saturday, as older and newer node versions validated transaction data submitted to the network differently. The mismatch caused some block producers to follow a “poisoned” chain while others stayed on the normal one, prompting an emergency patch and network-wide upgrade instructions. The incident —…
The restarted Senate is moving forward with certain crypto initiatives, but how much time is left compared to how much work is left, really? You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative Now that Congress is back…
Bitcoin’s slide to $84,000 is being driven less by mood and more by mechanics, according to Greg Cipolaro, Global Head of Research at NYDIG. In a report, Cipolaro said the core engines of the 2024–25 rally have shifted into reverse. Spot bitcoin ETFs, once the primary source of demand for the cycle, now exhibit persistent redemptions….
As global markets continue to absorb the prospect of new U.S. trade barriers, central bank officials in Europe and Asia warn that the volatility they create in the bond markets could expose another hidden risk. Similar to Lehman Brothers’ 2008 debacle, which triggered a $600 billion money-market fund run, forced the sale of commercial paper,…
Crypto markets climbed Sunday as Bitcoin flashed an extreme oversold signal and more than $200 million in liquidations helped ease selling pressure across major tokens. Bitcoin BTC$87,066.48 traded near $86,466 as of 1:36 p.m. UTC, rising about 2.7% from where crypto analyst Ali Martinez highlighted the move earlier in the day. Martinez said at 11:19…
