News
McHenry predicts fast crypto deal as Witt brokers talks
3+ hour, 9+ min ago (95+ words) Speaking on CoinDesk Live at the Ondo Summit in New York City, former House Financial Services Chair Patrick McHenry and White House advisor Patrick Witt said a sweeping crypto market structure bill could pass within months. Latest developments: Optimism is…...
Morgan Stanley backs Cipher (CIFR) and TeraWulf (WULF), but is cool on Marathon (MARA)
4+ hour, 35+ min ago (654+ words) Morgan Stanley initiated coverage of three publicly traded bitcoin BTC$70,349.45 mining companies on Monday, backing two names tied to data center leasing while taking a more cautious stance on a miner focused on bitcoin exposure. Analyst Stephen Byrd and his…...
Ethereum's ENS identity system scraps planned rollup amid Vitalik's warning about layer-2 networks
6+ hour, 30+ min ago (398+ words) ENS$5.9240 has decided not to move forward with Namechain, a planned layer-2 rollup, marking another high-profile shift away from the once-dominant narrative that Ethereum's future would be built primarily on L2s. Instead of launching its own rollup, ENS will now deploy…...
Ether (ETH) News: Tom Lee’s Bitmine (BMNR) adds to ETH stack after price crash, now holds 3.6% of Ethereum’s (ETH) total supply
6+ hour, 40+ min ago (213+ words) Bitmine Immersion Technologies (BMNR) added to its ether ETH$2,050.18 holdings amid last week's crypto crash, bringing its stack to more than 4.3 million tokens worth about $8.7 billion at the current price just above $2,000. Led by Chairman Tom Lee, the company, which…...
Strategy news: MSTR purchased $90 million of bitcoin last week
8+ hour, 14+ min ago (149+ words) Strategy (MSTR) added to its bitcoin BTC$68,672.38 holdings, but appears to have made all its purchases before the deep price plunge in the back half of the week. Led by Executive Chairman Michael Saylor, the company added 1,142 bitcoin for $90 million,…...
Bitcoin value investors move in as BTC price drops, 'capitulation' searches rise: Crypto Daybook Americas
8+ hour, 23+ min ago (396+ words) By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin BTC$70,411.45 has retreated by nearly 2.5% in the past 24 hours after failing to hold onto gains made during an end-of-week bounce that pushed it back up to $71,000. The pullback followed a…...
Understanding Proof-of-Work, Proof-of-Stake and Tokens
8+ hour, 40+ min ago (549+ words) Understanding Proof-of-Work, Proof-of-Stake and Tokens'CoinDesk Understanding Proof-of-Work, Proof-of-Stake and Tokens When navigating the world of crypto for clients, it's crucial to understand these terms and methods. As we navigate the complex world of cryptocurrency for our clients, it's especially important…...
Bitcoin (BTC), major tokens drop as traders position for downside protection: Crypto Markets Today
9+ hour, 38+ min ago (449+ words) Saksham Diwan is a research analyst at CoinDesk with five years of experience in the digital assets industry. Saksham has spent most of his career on the buy side, initially as an investment analyst at Aaro Capital, a crypto fund…...
Ethereum news: MegaETH releases mainnet as Ethereum scaling debate heats up
10+ hour, 16+ min ago (196+ words) MegaETH, a high-performance blockchain built to make Ethereum applications feel nearly instant, debuted its public mainnet Monday, entering an ecosystem mired in a fundamental debate over how Ethereum should scale. The project, which had pitched itself as a layer-2 "real-time…...
Bitcoin news: Mining difficulty drops by most since 2021 as miners capitulate
10+ hour, 24+ min ago (336+ words) Bitcoin's BTC$68,839.30 mining difficulty dropped by around 11%, its largest decline since China's 2021 crackdown on the industry, after a sharp decline in hashrate triggered by plunging prices and widespread winter storm-related outages in the U.S. Mining difficulty, which determines how hard it…...