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Solana Network’s Transaction Processing Craters After ‘Forking Event. Refrence : Coindesk
#coindesk #solana #crypto2023 #BTC #dyor
#coindesk #solana #crypto2023 #BTC #dyor
This is simply false. Not sure if it's the journalist or the source.
To the best of my knowledge, Binance.US had in total roughly $2 billion in user funds. This number in USD equivalent fluctuates a little as crypto prices change. And declining as users withdraw due to recent news.
All user funds are accounted for, and never left the Binance.US platform (unless users withdraw themselves of course), ever.
#coindesk #cztweet #cz #crypto2023 #Binance
To the best of my knowledge, Binance.US had in total roughly $2 billion in user funds. This number in USD equivalent fluctuates a little as crypto prices change. And declining as users withdraw due to recent news.
All user funds are accounted for, and never left the Binance.US platform (unless users withdraw themselves of course), ever.
#coindesk #cztweet #cz #crypto2023 #Binance
Bitcoin Nears $29K as Fidelity ETF Amendment Bumps Bullish Sentiment
Some analysts said the amendments show the U.S. Securities and Exchange Commission is holding active discussions with related parties.By Shaurya MalwaBitcoin jumped to a two-month high on Wednesday after Fidelity joined the ranks of firms amending their spot bitcoin ETF filings.• The amendments could indicate open communication lines between the firms and regulators.Bitcoin (BTC) shot to as high as $28,817 earlier today as amendments to a spot bitcoin ETF filing in the U.S. fired up bullish sentiment.The largest cryptocurrency added 2.8% in the past 24 hours, reaching a two-month high and leading gains among major tokens. The advance extended its weekly rally to almost 7%.Asset management giant Fidelity filed an amendment to its proposed spot bitcoin ETF, the Wise Origin Bitcoin Trust, with the U.S. Securities and Exchange Commission (SEC) late Tuesday, specifying how it will safeguard customers’ bitcoin in custody accounts and disclose risks related to the shaky regulatory environment around cryptocurrencies, among other factors.Fidelity follows Ark Invest and Invesco, which also recently amended their spot bitcoin ETF filings. Invesco refiled on Oct. 11 and Ark Invest followed suit a day later. These developments are likely a sign of ongoing discussions between prospective ETF providers and the SEC – helping spark bullish sentiment among traders, market observers said.Some firms expect the approval, when it occurs, to add at least $1 trillion to overall market capitalization, which is currently at $1.1 trillion, in coming months.“More proof that potential spot Bitcoin ETF issuers are in communication with SEC regarding changes/amendments required for SEC to consider approving,” James Seyffart, a research analyst at Bloomberg Intelligence, posted today on X (formerly Twitter). “Positive signs (in my opinion).”Some firms expect the approval, when it occurs, to add at least $1 trillion to overall market capitalization, which is currently at $1.1 trillion, in coming months.Speculation of a spot bitcoin ETF getting approved made the rounds earlier this week, causing bitcoin to jump almost 10% in a move BlackRock CEO Larry Fink suggested illustrated the “pent up” investor interest for the crypto market. Prices continued to rise even after the rumor was shown to be false.Meanwhile, some analysts forecast bitcoin will touch $29,400 in coming days, citing increasing volumes.#coindesk
First-Quarter Performance Recap: CoinDesk Market Index Up 58%, BTC Gains Amid Banking Crisis
Bitcoin posts its best quarterly performance in two years, and the CMI's Computing and Currency sectors see the most growth.
#BTC #coindesk #marketcap #cryptonews #Binance
#BTC #coindesk #marketcap #cryptonews #Binance
Solana DEX Jupiter's JUP Token to Debut With 1.35B Circulating Supply
The JUP-USD perpetual traded at 65 cents on Aevo at press time, implying a market capitalization of $700 million at the inception.Jupiter, a Solana-based decentralized trading aggregator, is scheduled to launch its native token, JUP, through an airdrop on Wednesday at 10 a.m. EST.The token will have an initial maximum circulating supply of 1.35 billion, Jupiter's pseudonymous founder Moew said Tuesday in a forum post, downwardly revising the total number of coins available for trading from the previously decided figure of 1.7 billion.In other words, the token could begin trading with a market capitalization of around $700 million, considering the JUP-U.S. dollar perpetuals traded at 65 cents on Aevo at press time.Of the initial circulating supply of 1.35 billion, 1 billion coins are for airdrops, 50 million each for loans to market makers on centralized exchanges and liquidity pool needs, and 250 million for a launch pool. Airdrop refers to crypto projects distributing free new or existing tokens en masse to their communities to boost adoption.About 955,000 wallets that interacted with Jupiter before Nov. 2 are eligible for the JUP airdrop, according to data source Airdrop Official.#coindesk #Write2Earn $SOL
👉👉👉 Peter Thiel Made $200M Investment in $BTC , $ETH Before #Bullrun : Reuters
Peter Thiel's Founders Fund has reportedly invested $200 million in bitcoin and ether, making a strategic move before the recent surge in cryptocurrency prices.
According to a report by Reuters, the investment firm, led by Thiel, seized the opportunity to purchase bitcoin when it was trading below $30,000. As the market gained momentum, Founders Fund expanded its portfolio with additional purchases of both BTC and ETH.
Thiel, a vocal advocate for bitcoin, has often criticized central banks and fiat currencies, attributing bitcoin's ascent to these concerns. He has previously expressed regret for not investing more in the digital asset during the 2021 bull run, suggesting a continued bullish outlook on cryptocurrency.
Interestingly, Founders Fund had previously divested most of its crypto holdings in March 2022, just before the onset of the so-called "crypto winter." This strategic move reportedly netted the firm $1.8 billion. However, this recent investment marks a renewed interest in the crypto market, reflecting Thiel's confidence in its long-term potential.
It's worth noting that Thiel's involvement in the crypto space extends beyond investments. He is also a supporter of Bullish, an institutional crypto exchange, which notably acquired #coindesk from Digital Currency Group in 2023.
In summary, Thiel's Founders Fund's substantial investment in bitcoin and ether underscores a strategic move to capitalize on the recent bullish trend in #cryptocurrency prices, reflecting Thiel's ongoing interest and confidence in the digital asset market.
Source - coindesk.com
#CryptoNews #BinanceSquare
Peter Thiel's Founders Fund has reportedly invested $200 million in bitcoin and ether, making a strategic move before the recent surge in cryptocurrency prices.
According to a report by Reuters, the investment firm, led by Thiel, seized the opportunity to purchase bitcoin when it was trading below $30,000. As the market gained momentum, Founders Fund expanded its portfolio with additional purchases of both BTC and ETH.
Thiel, a vocal advocate for bitcoin, has often criticized central banks and fiat currencies, attributing bitcoin's ascent to these concerns. He has previously expressed regret for not investing more in the digital asset during the 2021 bull run, suggesting a continued bullish outlook on cryptocurrency.
Interestingly, Founders Fund had previously divested most of its crypto holdings in March 2022, just before the onset of the so-called "crypto winter." This strategic move reportedly netted the firm $1.8 billion. However, this recent investment marks a renewed interest in the crypto market, reflecting Thiel's confidence in its long-term potential.
It's worth noting that Thiel's involvement in the crypto space extends beyond investments. He is also a supporter of Bullish, an institutional crypto exchange, which notably acquired #coindesk from Digital Currency Group in 2023.
In summary, Thiel's Founders Fund's substantial investment in bitcoin and ether underscores a strategic move to capitalize on the recent bullish trend in #cryptocurrency prices, reflecting Thiel's ongoing interest and confidence in the digital asset market.
Source - coindesk.com
#CryptoNews #BinanceSquare
DEX Mangrove to be launched on Polygon Mainnet in June
According to CoinDesk, Mangrove, a decentralized exchange (DEX) protocol, will launch on Polygon Mainnet in June. It has already been released on the polygon testnet. In February, Mangrove also attracted $7.4 million in Series A funding from cryptocurrency liquidity provider Cumberland and cryptocurrency VC Greenfield Capital.
#DEX #coindesk #crypto2023 #dyor
According to CoinDesk, Mangrove, a decentralized exchange (DEX) protocol, will launch on Polygon Mainnet in June. It has already been released on the polygon testnet. In February, Mangrove also attracted $7.4 million in Series A funding from cryptocurrency liquidity provider Cumberland and cryptocurrency VC Greenfield Capital.
#DEX #coindesk #crypto2023 #dyor
🗞️ Tether: FUD with USDT could be linked to CoinDesk.
CoinDesk demanded public disclosure of Tether's first quarter report. Tether decided to deny CoinDesk, but CoinDesk demanded documents from the New York Attorney General's office, which provided the documents.
Source: #Tether
#coindesk #Keepposting #FUD
CoinDesk demanded public disclosure of Tether's first quarter report. Tether decided to deny CoinDesk, but CoinDesk demanded documents from the New York Attorney General's office, which provided the documents.
Source: #Tether
#coindesk #Keepposting #FUD
Ferrari to Start Accepting Crypto Payments in U.S: Reuters
Ferrari will subsequently extend the scheme to Europe in response to demand from its wealthy customersBy Jamie CrawleyFerrari (RACE) will start accepting cryptocurrency as a payment method in the U.S., according to a report by Reuters on Saturday.The Maranello, Italy-based luxury sports car manufacturer will subsequently extend the scheme to Europe in response to demand from its wealthy customers, Reuters reported, citing Chief Marketing and Commercial Officer Enrico Galliera.Ferrari will use crypto payments provider BitPay to process transactions in bitcoin (BTC), ether (ETH) and stablecoin USD coin (USDC) in the initial rollout in the U.S."Some of our clients are young investors who have built their fortunes around cryptocurrencies," Galliera said. "Some others are more traditional investors, who want to diversify their portfolios."Despite crypto's popularity as an investment tool, for major companies to accept it as method of payment remains rare. In February 2021, Elon Musk's electric-car company Tesla (TSLA) began accepting bitcoin payments but discontinued the service only three months later, citing environmental concerns over the electricity usage involved in bitcoin mining.#coindesk
England's Law Commission Seeks Views on Draft Legislation to Label Crypto as Property
The Law Commission also called for evidence on its project on digital assets and electronic trade documents in private international law.
The Law Commission is seeking views on draft legislation to assign property rights to crypto and called for evidence for its project on digital assets and electronic trade documents.
The responses will determine the shape of legislation to be proposed to the government.
"Personal property rights are important for many reasons, including in the event of insolvency or where assets are interfered with or unlawfully taken," the commission said on Thursday.
"However, because digital assets differ significantly from physical assets, and from rights-based assets like debts and financial securities, they do not fit within traditional categories of personal property."
The Law Commission also called for evidence for its project on digital assets and electronic trade documents in private international law. The deadline for comments is May 16.
#Write2Earn #crypto #England #coindesk
The Law Commission also called for evidence on its project on digital assets and electronic trade documents in private international law.
The Law Commission is seeking views on draft legislation to assign property rights to crypto and called for evidence for its project on digital assets and electronic trade documents.
The responses will determine the shape of legislation to be proposed to the government.
"Personal property rights are important for many reasons, including in the event of insolvency or where assets are interfered with or unlawfully taken," the commission said on Thursday.
"However, because digital assets differ significantly from physical assets, and from rights-based assets like debts and financial securities, they do not fit within traditional categories of personal property."
The Law Commission also called for evidence for its project on digital assets and electronic trade documents in private international law. The deadline for comments is May 16.
#Write2Earn #crypto #England #coindesk
👉👉👉 #coindesk ’s New Owner #bullish Replaces CEO in Restructuring
Amid a significant restructuring led by the crypto exchange Bullish, CoinDesk's longstanding CEO Kevin Worth has stepped down from his position. In his place, Sara Stratoberdha, who previously spearheaded business development for Bullish, has been appointed to lead CoinDesk.
Despite the change in leadership, CoinDesk will continue to operate as an independent subsidiary of Bullish, with Sara committed to upholding CoinDesk's journalistic independence and integrity, according to a spokesperson for CoinDesk.
The restructuring, which comes two months after Bullish acquired CoinDesk from its former owner Digital Currency Group, has resulted in several leadership changes within CoinDesk. Departures include Chief Operating Officer Elinor Hirschhorn, Vice President of Engineering John DeGuenther, and Executive Director of Global Strategy Emily Parker. Meanwhile, Chief Content Officer Michael Casey is in discussions with Bullish regarding a potential continued role with CoinDesk in a different capacity.
Employees of both CoinDesk and Bullish were informed of these changes through a memo issued by Bullish CEO Tom Farley. Farley stated that the restructuring aims to streamline CoinDesk's media, indices, and events businesses by implementing a flatter organizational structure. As part of the restructuring, certain CoinDesk functions, such as Human Resources, will now report to their counterparts at Bullish. Additionally, CoinDesk's tech and product teams will be integrated with Bullish.
In a statement shared with CoinDesk, Farley expressed gratitude towards Kevin Worth and the leadership team for their contributions to CoinDesk's evolution and successful integration with Bullish. He also expressed excitement about the opportunity for Sara and the CoinDesk leadership team to invest in and expand CoinDesk's media, events, and indices.
Source - coindesk.com
#CryptoNews #BinanceSquare
Amid a significant restructuring led by the crypto exchange Bullish, CoinDesk's longstanding CEO Kevin Worth has stepped down from his position. In his place, Sara Stratoberdha, who previously spearheaded business development for Bullish, has been appointed to lead CoinDesk.
Despite the change in leadership, CoinDesk will continue to operate as an independent subsidiary of Bullish, with Sara committed to upholding CoinDesk's journalistic independence and integrity, according to a spokesperson for CoinDesk.
The restructuring, which comes two months after Bullish acquired CoinDesk from its former owner Digital Currency Group, has resulted in several leadership changes within CoinDesk. Departures include Chief Operating Officer Elinor Hirschhorn, Vice President of Engineering John DeGuenther, and Executive Director of Global Strategy Emily Parker. Meanwhile, Chief Content Officer Michael Casey is in discussions with Bullish regarding a potential continued role with CoinDesk in a different capacity.
Employees of both CoinDesk and Bullish were informed of these changes through a memo issued by Bullish CEO Tom Farley. Farley stated that the restructuring aims to streamline CoinDesk's media, indices, and events businesses by implementing a flatter organizational structure. As part of the restructuring, certain CoinDesk functions, such as Human Resources, will now report to their counterparts at Bullish. Additionally, CoinDesk's tech and product teams will be integrated with Bullish.
In a statement shared with CoinDesk, Farley expressed gratitude towards Kevin Worth and the leadership team for their contributions to CoinDesk's evolution and successful integration with Bullish. He also expressed excitement about the opportunity for Sara and the CoinDesk leadership team to invest in and expand CoinDesk's media, events, and indices.
Source - coindesk.com
#CryptoNews #BinanceSquare
Bitcoin Flat as Traders Look Forward to the 'Year of the Dragon'
Bitcoin (BTC) maintained a flat trajectory, hovering around $42,000 early on Monday, while the #coindesk 20 Index (CD20) experienced a 0.75% decline, reaching 1,643, according to CoinDesk Indices data. This movement coincides with the last working days before the Lunar New Year holiday in East Asia, where nations are preparing to celebrate the start of the Year of the Dragon, considered one of the luckiest and most prosperous animals in the Chinese Zodiac.
In anticipation of this Lunar New Year, CLSA, a Hong Kong-based brokerage firm, predicted market fluctuations for 2024, linking a calmer outlook to the Year of the Rabbit. Despite the cautionary advice, the market rebounded significantly in 2023, with Bitcoin surging nearly 94% and #Ethereum (ETH) rising by 47%.
The CoinDesk Market Index, outperforming the S&P 500 by fivefold, was largely attributed to Bitcoin's stellar performance, although Ethereum underperformed throughout 2023. Daniel Wang, CEO of Taiko, a zero-knowledge roll-up platform, sees potential for Ethereum's price performance in 2024, stating that the Year of the Dragon could open new doors for Ethereum, especially with the anticipated impact of ETFs and the awaited Dencun upgrade promising lower gas fees and faster transactions.
Lucy Hu, a Senior Analyst at Metalpha, points to the promising aspects of Bitcoin's halving and inflation control for prices in the Year of the Dragon. Despite the current sell-the-news effect in the #CryptoMarket , Hu expects the year to be one of the best performing, driven by controlled inflation and the upcoming Bitcoin halving event, fostering market confidence and leading to new heights.
In traditional finance, CLSA predicts a resurgence in equity markets in the second half of the year, dubbing it a year of volatility. Despite the anticipated market turbulence, CLSA reminds investors to seek professional advice rather than relying on celestial guidance.
Source - coindesk.com
#CryptoNews #BinanceSquareBTC $BTC
Bitcoin (BTC) maintained a flat trajectory, hovering around $42,000 early on Monday, while the #coindesk 20 Index (CD20) experienced a 0.75% decline, reaching 1,643, according to CoinDesk Indices data. This movement coincides with the last working days before the Lunar New Year holiday in East Asia, where nations are preparing to celebrate the start of the Year of the Dragon, considered one of the luckiest and most prosperous animals in the Chinese Zodiac.
In anticipation of this Lunar New Year, CLSA, a Hong Kong-based brokerage firm, predicted market fluctuations for 2024, linking a calmer outlook to the Year of the Rabbit. Despite the cautionary advice, the market rebounded significantly in 2023, with Bitcoin surging nearly 94% and #Ethereum (ETH) rising by 47%.
The CoinDesk Market Index, outperforming the S&P 500 by fivefold, was largely attributed to Bitcoin's stellar performance, although Ethereum underperformed throughout 2023. Daniel Wang, CEO of Taiko, a zero-knowledge roll-up platform, sees potential for Ethereum's price performance in 2024, stating that the Year of the Dragon could open new doors for Ethereum, especially with the anticipated impact of ETFs and the awaited Dencun upgrade promising lower gas fees and faster transactions.
Lucy Hu, a Senior Analyst at Metalpha, points to the promising aspects of Bitcoin's halving and inflation control for prices in the Year of the Dragon. Despite the current sell-the-news effect in the #CryptoMarket , Hu expects the year to be one of the best performing, driven by controlled inflation and the upcoming Bitcoin halving event, fostering market confidence and leading to new heights.
In traditional finance, CLSA predicts a resurgence in equity markets in the second half of the year, dubbing it a year of volatility. Despite the anticipated market turbulence, CLSA reminds investors to seek professional advice rather than relying on celestial guidance.
Source - coindesk.com
#CryptoNews #BinanceSquareBTC $BTC
SOL (Solana) Takes the Lead in the Cryptocurrency Market
In the ever-changing world of cryptocurrencies, this week's standout performer is Solana (SOL). According to an analysis by CoinDesk, between May 17 at 4:00 PM and May 20 at 9:00 AM, SOL grew by 5.4%, making it the top gainer among the top 20 cryptocurrencies.
Weekly Performance Review
Based on the CoinDesk 20 (CD20) index, the second-largest gainer after SOL was Bitcoin Cash (BCH), which saw a 4.3% increase. Chainlink (LINK) and Uniswap (UNI) followed with growth rates of 2.0% and 1.9%, respectively.
Overall, eight of the cryptocurrencies in the CD20 index showed positive growth. Major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ethereum Classic (ETC) registered small increases of 0.1% each.
#solana #chainlik #uniswap #coindesk #cd20 $SOL $BCH $LINK
Weekly Performance Review
Based on the CoinDesk 20 (CD20) index, the second-largest gainer after SOL was Bitcoin Cash (BCH), which saw a 4.3% increase. Chainlink (LINK) and Uniswap (UNI) followed with growth rates of 2.0% and 1.9%, respectively.
Overall, eight of the cryptocurrencies in the CD20 index showed positive growth. Major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ethereum Classic (ETC) registered small increases of 0.1% each.
#solana #chainlik #uniswap #coindesk #cd20 $SOL $BCH $LINK
