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Argo Blockchain Raises $27M to Ease Liquidity Pressures; US Jobs Report Impact on Bitcoin
London-based bitcoin (BTC) miner Argo Blockchain has raised $27 million after agreeing to issue 87 million shares to a sole investor. Plus, the U.S. added 263,000 jobs in September, slightly more than expected but still reflecting a weakening labor market.
Bitcoin Outlook Ahead of CPI Inflation Report
CoinDesk Markets Managing Editor Brad Keoun discusses key support and resistance levels to watch for bitcoin (BTC) ahead of next Thursday's CPI report. Plus, CoinDesk Tech Managing Editor Christie Harkin on the outlook for the mining industry as the difficulty of mining a bitcoin (BTC) block is set to see another large increase early next week, weighing further on profit margins.
FTX Partners With Visa For Crypto Debit Cards Across 40 Countries
FTT, the native token of crypto exchange FTX, surged 7% after a report that payment giant Visa (V) has partnered with the exchange to roll out crypto debit cards. “The Hash” panel discusses FTX’s continued bets in crypto and the potential impact on crypto payments.
September US Jobs Growth Slightly More Than Expected; Bitcoin Slips From $20K
U.S. employers added 263,000 jobs in September, according to the Labor Department's late jobs report. That's slightly more than expected but still reflects a weakening labor market. Bitcoin (BTC) fell about 2% on the news. "The Hash" hosts discuss the latest job numbers and the revelations about the state of the economy.
BNB Smart Chain Resumes Operations After Major Exploit, $100M in Crypto Drained
Initial token movements suggested that up to 2 million BSC tokens, worth roughly $570 million at the time, were targeted by an attacker late Thursday, but Binance CEO Changpeng Zhao estimated in a tweet the attacker was only able to get away with $100 million of that. BNB Chain also tweeted that $7 million of that amount was already frozen. "The Hash" discusses the implications of cross-chain security and decentralization, and what this suggests about the future of the crypto ecosystem.
BNB Smart Chain Resumes Operations After 'Potential Exploit' Drained Estimated $100M in Crypto
The BNB Smart Chain (BSC) resumed operations as chain validators adopted a software update that would close the exploit used by hackers to drain funds off-chain. Initial token movements suggested that up to two million BSC tokens, worth roughly $570 million, were targeted by an attacker late Thursday, but Binance CEO CZ Zhao estimated in a tweet that the attacker was only able to get away with $100 million of that. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the details.
Defi Platform Exponential Raises $14M in Seed Funding Round Led by Paradigm
Exponential, a DeFi investment discovery and risk assessment platform, has raised $14 million in seed funding led by crypto-focused investment firm Paradigm. Exponential.fi Co-Founder & CEO Driss Benamour shares insights into the state of DeFi and the impact of BNB Chain's $100M cross-chain bridge exploit.
Valkyrie Funds, Ark Invest To Offer Crypto SMAs
Valkyrie Funds and Ark Invest are the latest fund managers to announce crypto SMA plans on the heels of Franklin Templeton, a sign of the maturing crypto product industry with Wall Street involvement. Frank Downing, director of research at Ark Invest, joins Valkyrie CIO Steven McClurg to discuss the latest developments. Plus, their end-of-year crypto outlook amid recession concerns.
Bitcoin Slips From $20K Following US Jobs Report
Nonfarm payrolls rose 263,000 last month while the unemployment rate fell to 3.5%, according to the Labor Department’s latest jobs report. Bannockburn Global Forex Managing Director Marc Chandler discusses the implications for the crypto markets and global finance. Plus, bitcoin (BTC)’s correlation with gold hits its highest level in over a year.