CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

By coindesk.com September 05, 2023 In Bitcoin, FTX, Markets, Mining

Leader in cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance and Web 3.0 news with analysis, video and live price updates.

The stochastic indicator is signaling a loss of upward momentum. (mark1657/Pixabay)

Bitcoin Bulls Face Setback as Monthly Stochastic Indicator Turns Lower: Analyst

At the end of August, bitcoin confirmed an overbought downturn in its monthly stochastic, a signal that has previously marked market peaks.

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Larry David’s Superbowl Ad Casts Doubt on FTX.US Separation, DOJ Says

Sam Bankman-Fried says the FTX exchange’s bankruptcy isn’t relevant ahead of his October fraud trial.

The Relationship Between Bitcoin and Interest Rates Is Breaking Down: Arthur Hayes

The steepest Fed rate hike cycle in decades should have killed bitcoin and other risk assets, but a new relationship between the two are forming, Hayes argued in a Tuesday keynote at the ongoing Korea Blockchain Week.

Sep 5, 2023 at 1:19 a.m. PDT

Deribit Sees 17% Growth in Crypto Derivatives Trading Volume in August, Led by Options

Deribit registered an increase in crypto derivatives trading volume even as global activity declined by 12.1% to around $1.6 trillion.

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BitGo Signs Strategic Agreement With Korean Heavyweight Hana Bank

The Californian company will develop custody services and security solutions, local media reported.

Steve Cohen’s Point72 Ventures Leads $15M Fundraising in Swiss Fintech GenTwo

The firm plans to use the funding to grow internationally and develop the company’s financial engineering platform.

Traditional Finance Exchanges Divided on Crypto Services: Survey

A World Federation of Exchanges survey found 41% of respondents already offer crypto-related products or services, with a further 24% planning to offer them in the future.

Sep 5, 2023 at 2:44 a.m. PDT

The Financial Stability Board and the International Monetary Fund are set to deliver a paper calling for global coordination on crypto policy at this weekend’s G20 summit.

Chevrone Right IconChevrone Right Icon

Discovery

The HASH Podcast Graphic

CoinDesk Podcast Network

The Best of ‘The Hash’ Over the Years

Special Final Episode of “The Hash.”

Aug 31, 2023

Money Reimagined 1:1

CoinDesk’s Money Reimagined

U.S. Court Challenges SEC, Fuels Financial Evolution & FX Market’s Next Phase

A game-changing decision opens the door for a spot bitcoin ETF, echoing Canada’s forward strides and a dive into the FX market’s efficient core, the rise of stablecoins, and the potential for global financial democratization.

Aug 30, 2023

Technology

Protocol Village: DYdX Voters Approve Plan to Migrate Native Token to Standalone Chain

The latest in blockchain tech upgrades, funding announcements and deals.

Aug 28, 2023

Botto creator Mario Klingemann (Mario Klingemann)

Consensus Magazine

Meet Botto, the AI-Artist That Mints Its Own NFTs

Botto is part AI, part human community, part DAO, and part experiment on the way to artistic singularity. Jeff Wilser meets its creator, Mario Klingemann.

Aug 22, 2023

PayPal's crypto lead Jose Fernandez da Ponte says PayPal's new stablecoin, PYUSD, is "an extension of the PayPal balance." Does that include PayPal's interest revenue? (CoinDesk/Helene Braun)

Consensus Magazine

PayPal’s Real Stablecoin Strategy: It Wants to Earn Interest on Your Deposits

While it seems positive for crypto, the PYUSD stablecoin will benefit PayPal’s own coffers most of all.

Aug 9, 2023

A cardboard cutout of Tron founder Justin Sun (Danny Nelson/CoinDesk)Consensus Magazine

RETRACTION: Opinion Article on Justin Sun

An pseudonymously written opinion piece containing a personal attack against Tron CEO Justin Sun never should have been published.

Aug 25, 2023

(Shutterstock/CoinDesk)

Wrapping Up Consensus 2023

Missed Consensus 2023? Catch up on some of the most important conversations here.

May 4, 2023 at 2:39 p.m. PDT

U.S. House Will Have Crypto Bill in 2 Months: Rep. McHenry

Trending in Crypto

First Mover Americas: Bitcoin Remains Subdued Below $26K

Sep 5, 2023

The stochastic indicator is signaling a loss of upward momentum. (mark1657/Pixabay) c Grayscale's new ad campaign in New York's Penn Station. bag of coins

BTC Sept. 05 2023 (CoinDesk)

First Mover Americas: Bitcoin Remains Subdued Below $26K

The latest price moves in crypto markets in context for Sept. 5, 2023.

Sep 5, 2023

Crypto custodian BitGo signs deal with Hana Bank. (Pixabay)

BitGo Signs Strategic Agreement With Korean Heavyweight Hana Bank

The Californian company will develop custody services and security solutions, local media reported.

Sep 5, 2023

Steve Cohen’s Point72 Ventures Leads $15M Fundraising in Swiss Fintech GenTwo

Sep 5, 2023

Oracles help supply data to a blockchain or dApp. (Tetra Images)

Multibillion Dollar Oracle Tool Chronicle to Expand Outside of MakerDAO Ecosystem

Chronicle is said to safeguard over $5 billion in assets held on Maker by ensuring pricing data is in line with the general market.

Sep 4, 2023

Shibarium Crosses 600K Unique Wallets as SHIB Whale Moves $38M

Aug 31, 2023

Policy

The FSB and IMF will call for global coordination on crypto policy. (NASA/Unsplash)

Policy

Global Standard Setters to Deliver Global Crypto Policy Roadmap

The Financial Stability Board and the International Monetary Fund are set to deliver a paper calling for global coordination on crypto policy at this weekend’s G20 summit.

Sep 5, 2023

Tharman Shanmugaratnam and his wife Jane Yumiko Ittogi in 2017.

Policy

Singapore’s New President, a Former Central Bank Chairman, Has Called Crypto ‘Slightly Crazy’

The 66-year-old garnered more than 70% of the vote to take over a largely ceremonial role.

Sep 4, 2023

Policy

Australia Senate Committee Rejects Crypto Bill From Opposition Senator Andrew Bragg

Bragg said the Labor government had put regulating crypto in the slow lane.

Sep 4, 2023

Larry David's FTX Superbowl ad has been brought up ahead of Sam Bankman-Fried's criminal trial. (Matt Winkelmeyer/Getty Images)

Policy

Larry David’s Superbowl Ad Casts Doubt on FTX.US Separation, DOJ Says

Sam Bankman-Fried says the FTX exchange’s bankruptcy isn’t relevant ahead of his October fraud trial.

Sep 4, 2023

Ripple pushed back against the SEC's attempt to appeal a court ruling in the regulator's ongoing case against the crypto issuer on Friday. (Kevin Dietsch/Getty and Scott Moore/Shutterstock/Modified by CoinDesk)

Policy

SEC Hasn’t Met Requirements to Argue for an Appeal, Ripple Says

Ripple opposed the SEC motion to try and appeal a federal judge’s ruling in its case against the crypto company from July.

Sep 1, 2023

ROBINHOOD app on a smartphone (Shutterstock)

Finance

Robinhood to Buy Back Sam Bankman-Fried’s Stake for $605.7M

The 55 million HOOD shares were owned by Sam Bankman-Fried and fellow FTX co-founder Gary Wang through Emergent Fidelity Technologies

Sep 1, 2023

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