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Bitcoin Miners Likely Selling Their Output at the $28K Level: Matrixport
Bitcoin (BTC) is experiencing selling pressure at the $28,000 price level, and miners may be responsible, crypto services provider Matrixport said in a new report. Miners are being forced to liquidate any new bitcoin mined as margins have narrowed in recent weeks, the report said. "The Hash" panel discusses the key takeaways and what it suggests about the state of bitcoin mining operations.
OpenAI CTO's Twitter Hacked, Promotes Fraudulent 'OPENAI' Token
The Twitter account of Mira Murati, OpenAI's CTO, was hacked and briefly shilled a malicious ERC-20 token named OPENAI that reached an estimated 80,000 Twitter users before being removed. "The Hash" panel discusses the latest Crypto Twitter scam and the potential dangers of permissionless finance.
MakerDAO Set for $1.28B Treasury Purchase
The community governing MakerDAO, the decentralized autonomous organization (DAO) behind stablecoin DAI, has paved the way to purchase up to an additional $1.28 billion in U.S. government bonds via crypto asset manager BlockTower Capital. "The Hash" panel discusses the outlook for the Maker ecosystem.
What Went Right During the ICO Era?
As part of 'CoinDesk Turns 10,' a series looking back at crypto's biggest stories from the last decade, "The Hash" panel discusses the initial coin offering (ICO) boom, its success factors, and its ongoing impact.
Justin Sun Weighs in on Hong Kong's Crypto Plans, Huobi Expansion
Hong Kong's Securities and Futures Commission (SFC) has started accepting applications for crypto trading platform licenses. TRON founder and Huobi global advisor Justin Sun joins "First Mover" to discuss the new policy's impact on the crypto scene in Hong Kong. Plus, insights on Huobi's expansion, along with Sun's take on the state of crypto regulation around the globe.
Hong Kong's Crypto Plans; Dogecoin Volatility Explosion Ahead?
Hong Kong's Securities and Futures Commission (SFC) has started accepting applications for crypto trading platform licenses. Separately, U.S. Sen. Elizabeth Warren (D-Mass.) is calling for a crackdown on the use of crypto in the Chinese fentanyl trade. And, a technical analysis indicator called Bollinger bandwidth suggests dogecoin (DOGE) could be due for a pronounced move. CoinDesk's Jennifer Sanasie and The TIE Director of Content Lawrence Lewitinn break down some of the most-searched stories impacting the crypto sector this week.
Justin Sun Addresses Financial Regulation Outlook for Crypto Sector
As the Securities and Futures Commission (SFC) in Hong Kong opens up to accepting crypto trading platform licenses, TRON founder and Huobi global advisor, Justin Sun, discusses the new regulatory landscape. Sun also reflects on Huobi's expansion plans.
How MiCA Will Change Crypto Rules in Europe
An official from the Central Bank of Ireland is speaking out about the implementation of Europe's landmark "Markets in Crypto Assets" regulation, known as MiCA for short. CoinDesk Regulatory Reporter Jack Schickler discusses the latest developments among EU members as they prepare for MiCA to be enacted. "If you're a big crypto company, you will say you want high standards, you want regulation," Schickler points out, adding that "you don’t want to be competing against companies that are not following the same tough rules that you are."
Marathon Digital CEO Addresses Newly-Passed Mining Bills in Texas
In the past few weeks, two crypto mining bills, SB 1929 and HB 591, are awaiting Texas Gov. Greg Abbott’s signature. The legislation shows support for miners. Marathon Digital Holdings CEO Fred Thiel breaks down how the bills could impact crypto miners in the Lone Star state.
How Does the May Jobs Report Impact the Crypto Markets?
The U.S. economy added 339,000 jobs in the month of May, with the unemployment rate rising to 3.7%, according to data from the Bureau of Labor Statistics (BLS). "First Mover" breaks down what the jobs data could mean for the crypto markets.