Live Wire

Live Wire

Live Wire

July 26th

U.S. Sen. Tim Scott, the Banking Committee's top Republican, has joined former President Donald Trump as a crypto booster. (Justin Sullivan/Getty Images)
Policy

Key U.S. Senate Republican Tim Scott Makes Crypto-Fan Debut

After years of consequential silence on digital assets, the top Republican on the Senate Banking Committee stormed a Bitcoin 2024 stage as a booster.

July 26, 2024

Donald Trump (Brandon Bell/Getty Images)
Finance

Trump Speaks Saturday at the Bitcoin Conference. Here's What Attendees Like 'The Crypto Patriot' Hope He Says

“I want to hear [Trump] give a bold statement on the future of crypto and spark up what we all want," one person said.

July 26, 2024

MicroStrategy's Michael Saylor (Jason Koerner/Getty Images for Bitcoin Magazine)
Markets

Bitcoin to Account for 7% of Global Wealth, Surge in Price to $13M in 21 Years: Michael Saylor

The crypto would require an average annual return of 29% between now and 2045 to reach that level, he said.

July 26, 2024

16:9 Roots (PDPhotos/Pixabay)
Technology

Bitcoin Layer 2 Rootstock Verifies Zero-Knowledge SNARK

Rootstock verified the SNARK using BitVMX, which is Rootstock's modified version of BitVM

July 26, 2024

(Thiago de Andrade/ Unsplash)
Policy

Stablecoin Default Guarantees Pose Risks to the Issuing Banks, Swiss Regulator Says

FINMA's guidance explains how banks can limit the risks associated with guaranteeing stablecoin customers' deposits.

July 26, 2024

Ledger CEO Pascal Gauthier (Harry Murphy/Web Summit via Sportsfile)
Finance

Ledger Unveils Second New Wallet of 2024

"Ledger Flex", like the Stax wallet which launched in May, incorporates touchscreen technology to "redefine the experience of self-custody," CEO Pascal Gauthier said

July 26, 2024

9am CoinDesk 20 Update for 2024-07-26: leaders
Markets

CoinDesk 20 Performance Update: RNDR's 12% Gain Leads as Index Rebounds

CoinDesk 20 Index jumped 4.4% fueled by RNDR's 12.6% rise and NEAR's 7.7% advance.

July 26, 2024

Singapore, view of Marina Bay with Gardens By The Bay manmade trees in the background (SoleneC1/Pixabay)
Policy

Crypto Use in Terror Financing Rises, but Is Still Relatively Small: Singapore

"As a global financial centre and transport hub with a significant migrant workforce, Singapore remains a potential source of funds for terrorists and terrorist organisations...

July 26, 2024

BTC price, FMA July 26 2024 (CoinDesk)
Markets

First Mover Americas: Bitcoin Regains $67,000, Adds Nearly 5% in 24 Hours

The latest price moves in crypto markets in context for July 26, 2024.

July 26, 2024

Bitcoin sculpture made from scrap metal outside the BitCluster mining farm in Norilsk, Russia. (BitCluster)
Markets

Elon Musk’s X Quietly Removes Bitcoin, MAGA Emojis From Hashtags

Logos for several tokens started to first appear on X, previously Twitter, in 2020, as a step to improve brand adoption and recall on the internet.

July 26, 2024

BTC's price nears the trendline resistance that capped upside on Monday. (TradingView/CoinDesk)
Markets

Bitcoin Analysts Express Optimism as Price Nears Resistance Level That Stymied It in May

The Bitcoin mining hashrate, a leading indicator for bitcoin rallies, has improved, one observer said, explaining the bullish outlook.

July 26, 2024

(CoinDesk Indices)
Markets

BTC Outperforms Broader Crypto Market, Ether Price Drop Mirrors Bitcoin ETF Launch

AAVE is surging following a token buyback proposal.

July 26, 2024

Robert F. Kennedy Junior (Screenshot from 2024 campaign website)
Policy

U.S. Presidential Candidate RFK Jr. Says He's 'Fully Committed' to Bitcoin

The presidential candidate said most of his wealth is in the digital asset.

July 26, 2024

July 25th

Jersey City, New Jersey (Zoshua Colah/Unsplash)
Policy

Jersey City to Invest in Bitcoin ETFs, the Latest Pension to Dive Into Crypto

“The question on whether Crypto/Bitcoin is here to stay is largely over + crypto/Bitcoin won,” said Jersey City Mayor Steven Fulop in a tweet.

July 25, 2024

Bitcoin white paper (Jonathan Borba/Unsplash, modified by CoinDesk)
Markets

VanEck Sees Bitcoin Hitting $2.9M by 2050 – but a Lot Has to Happen First

Bitcoin is benefiting from massive economic imbalances, rising distrust in institutions, fiscal recklessness and mounting debt burden, VanEck's Matthew Sigel said in an interv...

July 25, 2024

Staking is a big part of the Ethereum network, particularly for investors looking to make a profit from trading the token. (Shutterstock)
News Analysis

Staking in Ethereum ETFs Might Be a Question of When, Not If

The eight spot ether exchange-traded funds had a largely successful launch on Tuesday, despite the missing staking feature that many investors had hoped to profit from.

July 25, 2024

GREED logo (Voshy/Medium)
Finance

$GREED 2.0: A New Lesson in Crypto Avarice That Might Also Enrich the People It Dupes

The first iteration of the $GREED project tricked people into tweeting an embarrassing message. This time, their money is frozen – but earning money.

July 25, 2024

Bitcoin miners have considerable upside from their power portfolios: Bernstein (Eliza Gkritsi/CoinDesk)
Markets

Bitcoin Miners Have Considerable Upside From Their Power Portfolios: Bernstein

Investors can benefit by valuing the companies as efficient power shells with data center capabilities, as opposed to just bitcoin mining operations, the report said.

July 25, 2024

(Jp Valery/Unsplash)
Finance

EigenLayer Outflows of $2.3B Signal Restaking Sector Slide

The yield offered by restaking is dwarfed by the likes of yield-generating platform Ethena.

July 25, 2024

Protocol Village is CoinDesk's living column chronicling blockchain tech project updates (CoinDesk)
Technology

Protocol Village: ZK Proofs Arrive on Bitcoin, Former Dark Web Drug Kingpin Launches Crypto Startup

The latest in blockchain tech upgrades, funding announcements and deals. For the period of July 25-31.

July 25, 2024