Unfolding Events: The Kidnapping of David Balland David Balland, the co-founder of Ledger, a well-known cryptocurrency wallet developer, was recently the victim of a harrowing kidnapping that has sent shockwaves through the crypto community. He was rescued in a police operation after being held for ransom in France, bringing to a close several days filled…
What if you could leverage your cryptocurrency holdings to buy a home? This innovative concept is becoming a reality thanks to Propy, a forward-thinking real estate firm that is launching a unique sale of a condominium in Honolulu, Hawaii, starting at just $250,000. This groundbreaking initiative allows potential buyers to secure a loan using bitcoin…
Market Overview CoinDesk Indices delivers its latest market insights, shedding light on the standout performers and underachievers within the CoinDesk 20 Index. This index serves as a key indicator for cryptocurrency performance, providing a comprehensive overview of the market landscape. Current Performance Metrics As of the latest update, the CoinDesk 20 Index is valued at…
Overview of the Upcoming Expiration As the end of the month approaches, a staggering $7.8 billion worth of Bitcoin (BTC) options are set to expire. With Bitcoin currently trading significantly above the max pain point, market makers may attempt to manipulate prices downward in the days leading up to the expiration. Market Dynamics at Play…
By James Van Straten (All times ET unless indicated otherwise) The past 24 hours have been exceptionally dynamic for the crypto market, marked by intense fluctuations in Bitcoin’s (BTC) price. The cryptocurrency swung between gains and losses of 2% to 3% at multiple intervals, yet successfully maintained its position above the important psychological threshold of…
h2>Significant Market Reaction Medical device manufacturer Semler Scientific (SMLR) experienced a notable drop in its stock price, falling as much as 15% after the U.S. market closed on Thursday. This decline follows the company’s announcement regarding a planned sale of $75 million in convertible senior notes. In an intriguing twist, the company revealed that part…
Understanding the Recent Bans Recently, Singapore and Thailand have taken steps to ban Polymarket, a popular prediction market platform, claiming it operates like a gambling site. On the surface, this assertion appears valid, especially given Polymarket’s inclusion of sports betting, which positions it as a competitor to traditional sportsbooks worldwide. However, this perspective overlooks the…
Positive Outlook for Crypto VC Funding in 2024 In a recent research report, JPMorgan (JPM) forecasts a rebound in crypto venture capital (VC) funding for the year ahead, fueled by increasing regulatory clarity and the introduction of more crypto-friendly policies during President Donald Trump’s administration. Analysts led by Nikolaos Panigirtzoglou believe that these changes will…
The Importance of Ether in Ethereum’s Future In a recent post, Ethereum co-founder Vitalik Buterin emphasized the necessity of integrating the network’s native cryptocurrency, ether (ETH), into its scaling plans and broader applications. He believes that doing so will significantly enhance the asset’s value and importance within the Ethereum ecosystem. A Multi-Faceted Approach to Value…
THORChain Suspends Withdrawals to Mitigate Risks In a dramatic move, the interblockchain settlement protocol THORChain has temporarily halted withdrawals for Bitcoin (BTC) and Ether (ETH) within its lending and savings programs. This decision comes in response to growing concerns over potential insolvency risks that could jeopardize the platform’s financial stability. A Strategic 90-Day Pause During…
