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MicroStrategy Chairman Michael Saylor (Getty Images)
Finance

MicroStrategy Now Holds $13.6B Worth of Bitcoin, 1% of Total Circulating Supply: Canaccord

The broker cut its price target on the firm to $1,590 from $1,810, while maintaining its buy rating.

April 30, 2024

EU parliamentary elections will take place in June. (Guillaume Périgois/Unsplash)
Policy

Ahead of EU Elections, Crypto Industry Pushes Blockchain Merits as Policy Focus Shifts to AI

Industry watchers are hoping for a younger, tech-savvy cohort of politicians that can drive innovation-friendly policy forward.

April 30, 2024

BTC's first monthly loss since August. (TradingView/CoinDesk)
Markets

Bitcoin Set to Become More Dominant Even as BTC Stares at First Monthly Loss Since August

Bitcoin's dominance rate has risen past key level, signaling further upside, according to Fairlead Strategies.

April 30, 2024

(16:9 CROP) A file photo of a coal mine (Dominik Vanyi/Unsplash)
Markets

Coal Miner Alliance Resource Dabbles In Crypto Mining, Mines 425 BTC

The $2.8 billion coal giant said that it is mining bitcoin with the excess power it generates.

April 30, 2024

April 29th

Bitcoin price on April 29 (CoinDesk)
Markets

Bitcoin Wavers Around $63K, Awaiting Hong Kong Spot Crypto ETF Debut

Despite muted anticipation for the new products, an executive of one of the issuers reportedly expects that the first-day issuance of the Hong Kong offerings will exceed the U...

April 29, 2024

Michael Saylor, executive chairman of MicroStrategy (Michael.com)
Finance

MicroStrategy Q1 Operating Loss of $53.1M After Bitcoin Holdings Impairment Charge of $191.6M

To this point, the company has not adopted fair value accounting for its bitcoin stack, resulting in the first quarter write-down despite a major rally in prices.

April 29, 2024

CROP 16:9 samurai, samourai wallet,  "Seven Samurai" image from Japan's oldest film magazine Kinema Junpo. (Wikimedia Commons)
Policy

Samourai Wallet Co-Founder Keonne Rodriguez Pleads Not Guilty, Released on $1M Bond

Rodriguez, 35, will remain on house arrest in Pennsylvania until his trial.

April 29, 2024

(Autumn_ schroe/Unsplash)
Consensus Magazine

As Wasabi Wallet and Phoenix Leave the U.S., What’s Next for Non-Custodial Crypto?

Following DOJ action against Samourai Wallet and a possible Metamask investigation, Wasabi Wallet and Phoenix are closing their U.S. offerings. Is non-custodial crypto under t...

April 29, 2024

Spot bitcoin and ether ETFs coming to Hong Kong on Tuesday (Ruslan Bardash / Unsplash)
Markets

Press Briefing With ChinaAMC Executive Ahead of Tuesday Launch of Hong Kong Spot Bitcoin and Ether ETFs

Zhu Haokang is head of digital asset management and family wealth at one of the ETF providers, ChinaAMC, and expects initial subscriptions into the products will surpass those...

April 29, 2024

EigenLayer founder Sreeram Kannan at ETH Denver 2024 (Danny Nelson/CoinDesk)
Technology

EigenLayer, After Touching Off Restaking Frenzy, Plans Own EIGEN token

Sreeram Kannan, leader of the project, had previously refused to confirm any plans for an EIGEN token. That hadn't stopped crypto traders from betting heavily on the likelihoo...

April 29, 2024

DeFi illustration (Getty Images)
Consensus Magazine

The Changing Face of Risk in DeFi

The biggest risk factors in the new era of decentralized finance may be economic, not technical, says Jesus Rodriguez, CEO of IntoTheBlock.

April 29, 2024

Atmosphere
Technology

Protocol Village: Omnity, On-Chain Interoperability Protocol on ICP, Integrates Runes

The latest in blockchain tech upgrades, funding announcements and deals. For the period of April 25-May 1.

April 29, 2024

Binance ex-CEO Changpeng "CZ" Zhao leaves the U.S. District Court in Seattle on Nov. 21, 2023. (David Ryder/Getty Images)
Markets

Binance's CZ Will Spend Less Than a Year in Prison, Polymarket Traders Bet

Also, the CFTC wants to bar Americans from betting on elections – even though it's already illegal in most U.S. states.

April 29, 2024

(Growtika/Unsplash)
Consensus Magazine

We Must Protect Crypto-AI From Financial Nihilism

Financial nihilism is a common philosophy in Web3 but, ultimately, there’s no way to build long-lasting value without finding real customers for real products and services tha...

April 29, 2024

U.S. Senators Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.) (Shutterstock/CoinDesk)
Consensus Magazine

Stablecoin Legislation Must Respect the Dual-Banking System

The Lummis-Gillibrand stablecoin bill subordinates state regulation to federal control, giving Washington too much power as to which entities can issue these important digital...

April 29, 2024

Binance founder and former CEO Changpeng Zhao (CoinDesk archives)
Policy

Why the DOJ May Have Recommended a Three-Year Sentence for CZ

The DOJ appears to be confident that a judge will agree with their position on Binance founder Changpeng Zhao's misdeeds – and an appeals court will too.

April 29, 2024

BTC Price FMA April 29 (CoinDesk)
Markets

First Mover Americas: Bitcoin, Ether Sink Amid U.S. Stagflation Fears

The latest price moves in crypto markets in context for April 29, 2024.

April 29, 2024

Tether CEO Paolo Ardoino (Tether)
Finance

Tether Buys $200M Majority Stake in Brain-Computer Interface Company Blackrock Neurotech

The investment will fund the roll-out and commercialization of the company's medical devices.

April 29, 2024

eiffel tower (Chris Karidis/Unsplash)
Finance

Crypto Banking Firm BCB Group Secures Digital Asset and Electronic Money License in France

The payments processor has been authorized by France’s financial regulators, the ACPR and the AMF, to act as an Electronic Money Institution (EMI) and Digital Assets Services...

April 29, 2024

Binance founder and former CEO Changpeng Zhao in 2018 (CoinDesk archives)
Policy

CZ Sentencing Letters Paint Former Binance CEO as Devoted Family Man, Friend

161 letters from CZ’s friends and loved ones poured into the court ahead of his sentencing on Tuesday.

April 29, 2024