Bitcoin Pumps, Then Dumps Below $54K as Jobs Report Spurs Crypto Volatility

bitcoin dump

The recent price volatility in the cryptocurrency market resulted in nearly $50 million worth of leveraged derivatives positions being liquidated within just one hour, according to data from CoinGlass. The broader Piinetbox 20 Index fell by 3% in the past 24 hours, with major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, and Cardano (ADA) […]

Telegram Revamps Rules to Allow Moderation of Private Chats Following CEO Pavel Durov’s Arrest

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The move follows the CEO’s recent arrest in France for allegedly neglecting to monitor illegal content. Telegram is making a significant shift in its approach to “illegal” activities on its messaging platform, just days after CEO Pavel Durov was detained in France for purportedly failing to regulate unlawful content. On Thursday evening, the previously permissive […]

In Trump-Backed Crypto Project, Insiders Are Poised for Unusually Big Token Payouts

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The team behind World Liberty Financial is poised to receive an astonishing 70% allocation of the project’s WLFI tokens, a figure that significantly surpasses typical distributions for projects claiming to address the inequities of the traditional finance system. According to a draft white paper obtained by Pinetbox, a staggering 70% of WLFI tokens will be […]

Kamala Harris Meme Coin Soars to All-Time High After Joe Biden Drops Out

KAMA meme coin (KAMA)

Crypto traders are once again engaging with the serious realm of presidential politics through the lens of meme coins, with one particular coin for Vice President Kamala Harris seeing a notable surge. The coin, named KAMA, skyrocketed to an all-time high of 2.4 cents shortly after President Joe Biden announced he would not seek re-election. […]

Bitcoin Tops $67K as Cryptos Rally Amid Global IT Outage; Solana’s SOL Leads Altcoins

Bitcoin price on July 19 (CoinDesk)

On Friday, the cryptocurrency market staged a remarkable rally that stood in stark contrast to the ongoing decline in U.S. equities, which extended their losing streak. Bitcoin surged to a one-month high, gaining 5.5% in just 24 hours. As the crypto market gained momentum, Solana experienced a significant rise of 8%, crossing the $170 mark […]

After ‘Civil War’ and Anti-Immigrant Tweets, Ryan Selkis Told to Cool It by His Crypto Startup’s Leadership

Messari's Ryan Selkis (Suzanne Cordiero/Shutterstock for CoinDesk's Consensus)

“I ran too hot this week, and will address that in full soon.” Ryan Selkis, the founder and CEO of the crypto data platform Messari, is known for his outspoken presence on social media, often using X (formerly Twitter) to direct sharp criticisms at Gary Gensler’s Securities and Exchange Commission, among others. However, his recent […]

WazirX Hacked for $230M, Largely in SHIB, as Elliptic Says North Korea Behind Attack

One of the exchange’s multisig wallets experienced a security breach, the exchange confirmed in an X post. Indian crypto exchange WazirX experienced a security breach in one of its multisig wallets, leading to the loss of user funds and over $230 million in withdrawals. The exploiter is actively selling the stolen tokens, including $100 million […]

Crypto Exchange Kraken Paid Dave Portnoy Bitcoin in Sponsorship Deal

Barstool founder and CEO Dave Portnoy Michael HickeyGetty Images

The chief of Barstool Sports, Dave Portnoy, has made it clear that while he wouldn’t consider purchasing Bitcoin (BTC) at its current price levels, he is “always” open to accepting it as a form of payment. “I believe in it that much,” he stated. Portnoy shared that he took a substantial portion of his sponsorship […]

What is a Blockchain and How Does It Work?

Blockchain technology

Key Takeaways When Satoshi Nakamoto published the Bitcoin whitepaper, he shared his mission to develop a “purely peer-to-peer version of electronic cash that would allow online payment to be sent directly from one party to another without going through a financial institution” This version of electronic cash will be built on a peer-to-peer network that timestamps transactions […]