Dow Falls 300 Points as Pelosi Demands $2.2 Trillion Stimulus Package

The Dow Jones fell 320 points on Friday. Bears took control after Nancy Pelosi destroyed hopes of more fiscal stimulus from Congress. Better than forecast Michigan consumer sentiment shows the U.S. economic recovery is still in motion. The Dow Jones dropped sharply to close the week, as hopes of additional coronavirus stimulus continue to crater […]

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Margin Lenders Lost $13.5 Million in May to Poloniex Crypto Crash

Crypto exchange Poloniex revealed in a post Thursday that lenders in its bitcoin margin lending pool suffered a loss of 1800 BTC — roughly $13.5 million at current market prices — due to a flash crash in the Clams (CLAM) market on May 26. Poloniex’s peer-to-peer margin system includes both lenders and borrowers, the lenders […]

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Bitcoin Up $2k on Day as Market Nears $400 Billion

The price of bitcoin is surging on the back of a strong night-time trading session (18:00 to 24:00 UTC) in which the cryptocurrency rose 10 percent to top $14,000 for the first time. The second-best performing asset during the trading period (trailing only the largely unknown crypto asset TRON), bitcoin’s strong upward move caps 24 […]

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Crypto’s Biggest ICOs Stay Silent on SEC Subpoenas

The silence is deafening. After rumors began to fly late last week that the SEC has been sending out subpoenas to initial coin offerings (ICOs), some of the biggest projects to yet utilize the funding mechanism have remained tight-lipped, refraining from public commentary. CoinDesk has so far reached out to the 14 best-known issuers that […]

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Crypto Privacy Tokens See Price Lift on Pornhub Deal

Privacy-focused cryptocurrencies are reporting solid gains Wednesday, propelled by the news adult entertainment leader Pornhub will now accept one of the most notable crypto assets in the category, verge (XVG), as payment. In response, it seems investors are snapping up other cryptocurrencies that tout confidentiality advances, with monero (XMR), dash (DASH), zcash (ZEC) and lesser-known names […]

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Bitcoin Price Slides 2% After Deribit, Coinbase Flash Crash

Update (Nov. 1, 15:03 UTC): Deribit will reimburse over $1.3 million in losses from the BTC index calculation data issue witnessed at 21:00:00 UTC on October 31, 2019. Another flash crash has occurred for bitcoin (BTC), this time appearing on the Coinbase Pro and Deribit exchanges. At 19:55 UTC on Oct. 31, BTC’s spot price dipped […]

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Bitcoin Price Hits Five-Week High Above $10,000

Bitcoin’s price was quoted in five digits across cryptocurrency exchanges earlier today, but the breakout into $10,000 was short-lived. The number one cryptocurrency by market value jumped to $10,350 at 01:45 UTC – the highest level since Sept. 24 – according to Bitstamp data. Meanwhile, the global average price, as calculated by CoinDesk’s Bitcoin Price […]

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Coinbase Now Supports Stellar and Chainlink Cryptocurrencies in New York

Cryptocurrency exchange Coinbase has announced that New York residents now have access to two cryptocurrencies launched for other jurisdictions months ago. In two tweets late on Wednesday, the exchange said customers based in New York state can now hold, buy, sell, send and receive both Stellar lumens (XLM) and Chainlink’s LINK token. The cryptos will now […]

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