First Mover: Monero Leads Privacy-Coin Rally as Bitcoin Trips on Path to $12K

Bitcoin (BTC) was gaining for a fourth straight day, approaching the $12,000 price threshold that the cryptocurrency failed to hold in August when it last rallied past that level.  “The market has started to move again,” the Norwegian cryptocurrency-analysis firm Arcane Research wrote Tuesday in a report.  In traditional markets, U.S. stock futures pointed to a higher open […]

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First Mover: OKEx Private Key Snafu Sends Bitcoin Lower as China DeFi Rises

Bitcoin (BTC) fell 2% Friday, the most in three weeks, after the market was spooked by the announcement that the cryptocurrency exchange OKEx had suspended withdrawals because founder Mingxing “Star” Xu was reportedly taken into police custody.  The executive is the holder of a private key needed to authorize withdrawals, and that became impossible since he was out of […]

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First Mover: As Ethereum Enthusiasm Builds, ‘Bear Case’ Could Still See Prices Double

Cryptocurrency markets are sending strong signals right now that the innovations coming from fast-emerging technologies like decentralized finance, or DeFi, could shake up the global order of banks and money managers and insurance companies.  A recurring theme at CoinDesk’s “invest: ethereum economy” virtual conference Wednesday was just how much money there is to be made […]

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First Mover: Privacy Is Litecoin’s Ace in the Hole as JPMorgan Touts Bitcoin

Litecoin (LTC), a nine-year-old cryptocurrency whose price returns have chronically underperformed the bigger and better-known bitcoin in recent years, is hitching its wagon to a new star: privacy. The blockchain industry subsector of “privacy coins” – cryptocurrencies with embedded technology that shields identifying information from public view – is becoming one of this year’s hottest buys. One of […]

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First Mover: Stimulus Winning as Biden Surges in Polls and Bitcoin Eyes $12K

The outcome of next month’s U.S. presidential election may not matter much for bitcoin’s price: Economic stimulus in the trillions of dollars is likely no matter who wins, bolstering the largest cryptocurrency’s appeal as a hedge against inflation.  President Donald Trump over the past week has reversed his opposition to a new government-spending bill following April’s $2 trillion coronavirus-aid package. He signaled […]

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First Mover: Bitcoin’s Best Week Since July Shows Limited Toll of U.K. Retail Crypto Futures Ban

Not everyone is happy with the U.K. Financial Conduct Authority’s decision to ban individual investors from speculating on bitcoin and other cryptocurrencies, and there’s an argument to be made that the agency’s rationale was hollow.   But the ban is likely to have a minimal impact, partly because the market is so small, CoinDesk’s Muyao Shen reported Monday, citing analysts and […]

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First Mover: Bitcoin ‘Comatose’ Under $16K For Rest of 2020, While Ether Traffic Eases

A slowdown in cryptocurrency trading on so-called decentralized exchanges has helped to alleviate congestion on the Ethereum blockchain, at least temporarily mitigating concerns that the network was becoming overloaded. The trading lull comes as prices tumble for many of the hottest tokens from the fast-growing arena of decentralized finance, or DeFi. SushiSwap’s SUSHI token, one of this […]

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