Bitcoin

Last year the price of bitcoin plunged 64%. The price was down 19% from Nov. 1 through the end of the year. That action followed CoinDesk’s Nov. 2 report about the “unusually close” relationship between FTX and Alameda Research. Both companies were co-founded by Sam Bankman-Fried and FTX filed for bankruptcy on Nov. 11. But late on Thursday, Genesis Global Capital became the latest major player in the world of virtual currencies to file for bankruptcy. Genesis is a subsidiary… Source link

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Bitcoin (BTC) rose toward new multi-month highs on Jan. 20 as analysis predicted a new trading range above $18,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin price range “well defined” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD testing but preserving support at $21,000. The pair edged higher at the Wall Street open, in line with United States equities as the third trading week of an explosive January drew to an end. Despite misgivings over the… Source link

The humble university dorm is a place for students taking their undergraduate degrees to study, rest, make new friends, host wild dorm parties and, of course, mine Bitcoin (BTC).  A master’s student in market research and self-described “data guy,” Blake Kaufman, has hooked up an S9 Bitcoin miner to the Bitcoin network. He won the S9 miner in a raffle at a mid-Michigan Bitcoin meetup and immediately set about learning how to use it. Blake has consistently shown up to every

Bitcoin slipped below US$21,000 in Friday afternoon trade in Asia while prices of other top 10 non-stablecoin cryptocurrencies were mixed. See related article: Weekly Market Wrap: Bitcoin up over 21% in best weekly performance since Feb. 2021. Bull run or bull trap? Fast facts Bitcoin, the largest cryptocurrency by market capitalization, edged just below US$21,000 but remained up more than half a per cent at 4 p.m. in Hong Kong on Friday, according to CoinMarketCap data. It gained 0.64% to… Source link

Bitcoin, the world’s largest cryptocurrency by market capitalization, rose 21.7% from Jan. 11 to Jan. 18, trading at US$21,212 at 2 p.m. on Wednesday in Hong Kong. Ether gained 18% in the same timeframe, changing hands at US$1,576. UN8g7 WfPkQOfwaYMO1Xv1 umFQny2JRIr11eJFkJ64oI8yYXjTDD01HntCdZDG1UuCWHu5lUnK 123V8AwCgXEzzBmUoEDhzTDNAyXZOi1HNGLUiGfLC4c4XZDhpU1RWDbI Ni09RWdzVBvTtNDFUluOOD9exJJdzBA With Bitcoin above the US$21,000 mark, the world’s benchmark cryptocurrency has returned to its… Source link

In its filing, Genesis Global Capital, the partner firm to Gemini’s defunct Earn program, estimated more than 100,000 creditors and between $1 billion and $10 billion in liabilities, as well as assets. The two other entities estimated their assets and liabilities in the $100 million and $500 million range, respectively. Source link

Ether followed a similar trajectory, falling early before landing in the green. The second largest crypto in market value was recently changing hands above $1,550, a 1.9% gain from Wednesday, same time. Other major cryptos also pointed largely upward with CRO, the token of exchange Crypto.com, jumping more than 4%, and ATOM, the native crypto of decentralized network Cosmos rising over 3%. The CoinDesk Market Index (CDI), an index measuring cryptos’ performance, recently increased by 2%. Source link

Our weekly roundup of news from East Asia curates the industry’s most important developments. Samsung’s new Bitcoin ETF On Jan. 13, Samsung Asset Management, a wholly-owned subsidiary of the namesake South Korean conglomerate, successfully listed the Samsung Bitcoin Futures Active ETF on the Hong Kong Stock Exchange. According to local news outlet Edaily, the ETF debuted under the ticker 3135:HK and seeks to replicate the performance of spot Bitcoin by investing in… Source link

The new head of FTX is exploring the possibility of restarting the bankrupt crypto exchange, according to an interview he gave to the Wall Street Journal, his first since taking over at FTX in November. This article originally appeared in Crypto Markets Today, CoinDesk’s daily newsletter diving into what happened in today’s crypto markets. Subscribe to get it in your inbox every day. John J. Ray III, who previously handled Enron’s restructuring, said that despite the accusations of… Source link