Bitcoin


Markets

Market Wrap: Bitcoin’s Powell-Induced Price Swing; Ethereum Still High on Gas

Bitcoin's price gyrated by over $450 during and after Fed Chair Powell’s comments while Ethereum’s gas congestion continues.

CoinDesk 20 Bitcoin Price Index

Markets

Bitcoin Pops and Drops After Powell Introduces Average Inflation Targeting

Bitcoin whipsawed on Thursday after the Federal Reserve’s chairman signaled tolerance for high inflation, as expected.

btc chart

Markets

Chainalysis Report Shows Healthy Crypto Usage in Venezuela

The Venezuelan government's push to create a cryptocurrency-centric economy appears to be working, but perhaps not in the way officials had hoped.

Traffic in Caracas (luisana zerpa/Unsplash)

Markets

First Mover: Monetary Challenges Aren't Just Virtual as Fed's Powell Returns to Jackson Hole

Crypto traders are prepping for a speech by Federal Reserve Chair Jerome Powell in Jackson Hole, Wyoming, where inflation is on the agenda.

View of Grand Tetons near Jackson Hole, Wyoming. (Wikipedia, modified by CoinDesk)

Markets

Bitcoin's Implied Volatility Falls Sharply Ahead of Jerome Powell Speech

Bitcoin’s options market foresees little price turbulence in the short-term, even as markets await a key speech from the chairman of the Federal Reserve.

Implied bitcoin volatility.

Markets

New Zealand Stock Exchange Hit Repeatedly by Cybercriminals Demanding Bitcoin

NZX has halted trading for the third day in a row as a result of cybercriminals attempting to extort cryptocurrency.

New Zealand stock tickers (Phil Walter/Getty)

Tech

Unconfiscatable? Using Bitcoin to Resist Police Extortion in Nigeria

It's common in Nigeria for police officers to threaten and extort citizens for whatever money they can find. This man uses bitcoin as a hiding spot.

Nigeria bitcoin

Markets

Fed Chair Powell’s Jackson Hole Speech Could Hint at US Dollar’s Future

Fed Chair Jerome Powell's speech Thursday at the annual Jackson Hole Economic Symposium highlights how much has changed over the past year.

Federal Reserve Chair Jerome Powell. (Federal Reserve, modified by CoinDesk)

Markets

Market Wrap: Bitcoin Braces for $700M in Options to Expire; Record $7B Value Locked in DeFi

Bitcoin price is trending up while crypto keeps flooding into DeFi.

CoinDesk 20 Bitcoin Price Index

Markets

Bitcoin Drop Squeezes Out Weak Derivatives Positions – And That May Be a Good Thing

Bitcoin’s latest price drop may have a silver lining.

coindesk-BTC-chart-2020-08-26