Bitcoin

A New York-based law firm says it has begun an investigation into whether Bitcoin miner Core Scientific and its leadership potentially engaged in “securities fraud and other unlawful business practices” which led to its stock price falling on several occasions.  According to securities class action firm Pomerantz LLP, the investigation was prompted by a report from Culper Research in 2022, which alleged that Core Scientific had “wildly oversold” its mining and hosting businesses in 2021… Source link

Last week, a buy order for 50,000 contracts of ether options – with a $400 strike price and expiring in June – appeared on Deribit’s order book, raising alarm bells in the crypto community. As of press time, ether was priced around $1,300, so the options trade would pay off if the ether price slid 69% in less than six months. On Deribit, one ether options contract represents one ETH. This article originally appeared in Crypto Markets Today, CoinDesk’s daily newsletter diving into what… Source link

Traders might rejoice now that Bitcoin price ventured above $17,400, but twenty-seven long days have passed since Bitcoin (BTC) last breached the $17,250 resistance.  On December 13, after a two-week-long lateral movement, Bitcoin posted a 6.5% rally toward $18,000 and even though the current movement still lacks strength, traders believe that a retest of the $18,250 resistance remains possible. Bitcoin 12-hour price index, USD. Source: TradingView To start the week, the S&P 500 index rose to… Source link

Bitcoin’s adoption as a global currency continues to grow, but does that make it “money”? What is its intrinsic value? Does it truly have potential for mass adoption, or have recent scandals in the crypto industry exposed that the proverbial emperor has no clothes? George Selgin and Lyn Alden debated this issue on social media and now Kitco News is hosting two economists in a LIVE interactive discussion. … Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

This is an opinion editorial by Frank Nuessle, a publishing entrepreneur, former university professor and social system architect. In this essay, I argue that Bitcoin and the Lightning Network are, by themselves, not enough to successfully implement an American sound money system, and that following evolutionary economics, new social technologies and new social system designs need to be part of the equation. The primary purpose of money is to facilitate the exchange of value. Money is also… Source link

(ES Composite) London’s Aquis stock exchange is poised to welcome its first new member of 2023 tomorrow with the listing of crypto trading app Tap Global. Pending shareholder approval for a reverse takeover by decentralised finance investor Quetzal today, the firm, which is regulated in Gibraltar, is set to raise £3.1 million in capital valuing it at £30 million when it joins the exchange. Founded by 29-year-old former software developer Arsen Torosian and prepaid card business veteran… Source link

An address related to the $190-million Nomad exploit has moved $1.57 million in Ether (ETH) to the sanctioned crypto mixer Tornado Cash.  In an alert, blockchain security firm CertiK flagged that a wallet address affiliated with the Nomad hack has transferred 1,200 ETH into Tornado Cash, suggesting that the attackers may be cashing in the funds. The hacker transferred 12 batches of 100 ETH to the sanctioned mixer. Nomad hack address transferring funds to Tornado Cash. Source: Etherscan The… Source link