(EDITOR’S NOTE: First Mover will not publish Monday, Jan. 18 in honor of Martin Luther King Jr. Day in the U.S., a CoinDesk company holiday. The cryptocurrency market will be open, as it always is.) Bitcoin (BTC) was lower, trading around the $38,000 level where prices have gravitated for...
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As prices for bitcoin and other cryptocurrencies continue to surge this year, many traders are looking for any indicator for when – or if – the bull market will come to an end. Some are convinced they have the answer: They are examining polkadot (DOT), the native token...
This week, reports emerged that Gary Gensler, the former chairman of the Commodity Future Trading Commission (CFTC) is set to be President-elect Joe Biden’s choice to take over the Securities and Exchange Commission (SEC). This is good news for the digital assets industry. From my experience with Gensler,...
After closing out last week at over $40,000 on Sunday, bitcoin hit that price again Thursday while traders are pushing ether volumes to new liquidity levels.Bitcoin (BTC) trading around $39,318 as of 21:00 UTC (4 p.m. ET). Gaining 8.5% over the previous 24 hours.Bitcoin’s 24-hour range: $36,125-$40,066  (CoinDesk...
Speaking at an online event hosted by Princeton University, the chairman of the U.S. Federal Reserve said, “We don’t feel an urge or need to be first,” on CDBCs. “Effectively,” Powell continued, “we already have a first-mover advantage because we’re the reserve currency.”Powell estimated it will take “years...
Bitcoin is booming again as crypto-bull Brian Brooks pushes through his “open access” banking rules before stepping down as the top U.S.  banking regulator.Top shelfGoing public?The Winklevoss twins are considering taking Gemini Trust, the cryptocurrency exchange and custodian founded in 2014, public, according to a Bloomberg interview. “We...
The recent alliance of pirate academic library Sci-Hub and a blockchain-based domain name system (DNS) was celebrated by the blockchain community. Now, it’s already over. Less than two days after registering its domain on Handshake, the distributed network for storing domain names, Sci-Hub founder Alexandra Elbakyan told CoinDesk...
Federal Magistrate Judge Zia M. Faruqui has learned to stop worrying and love unhosted wallets.“The horror story of unhosted wallets is fiction, not fact,” wrote the judge in a Jan. 6 memorandum opinion for D.C. District Court. He quoted a Coin Center thinkpiece (also named in Strangelovian fashion)...
Paxos is teaming up with Chainlink in a bid to make its asset-backed tokens more widely available across the decentralized finance (DeFi) market.The Paxos Standard (PAX) and Paxos Gold (PAXG) tokens are now available on Chainlink’s oracle network, according to a blog post shared early with CoinDesk. Chainlink...