CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

First Mover Asia: Bitcoin Settles Above $27.1K After Early Wednesday Dip as Rate Hike, Inflation Worries Heighten

ALSO: Large bitcoin holders reduced their holdings and sent assets to exchanges in the days leading up to the debt deal. What's next?

By James Rubin Glenn Williams

Jun 1, 2023 at 2:02 a.m. UTC

Jun 1, 2023

First Mover Asia: Nearly $275 Million in Ether Burnt This Month as It Continues Deflationary Trend

Also: Bitcoin and volatility have a tricky relationship.

May 31, 2023 at 1:03 a.m. UTC

May 31, 2023

First Mover Asia: Does Crypto’s Success Depend on the Upcoming Presidential Election?

ALSO: The Commitment of Traders report shows that asset managers have increased their open long positions in bitcoin after falling in the two prior weeks.

By Sam Reynolds Glenn Williams

May 30, 2023 at 12:44 a.m. UTC

May 30, 2023

China flag Great Wall of China (Pixabay)

First Mover Asia: Bitcoin Rises Past $28K on Debt Ceiling Deal

ALSO: A Chinese governmental agency released a paper over the weekend that outlined suggestions for China's Web3 policy, but it didn't broach must new ground. Still, the paper represented progress for a country that is keen to write the next generation of technology standards

May 29, 2023 at 1:06 a.m. UTC

May 29, 2023

United States Capitol From the House of Representatives

Markets

First Mover Asia: Bitcoin Holding Pattern Continues as Lawmakers Make Progress in Debt Limit Negotiations

ALSO: Graphics chip manufacturer Nvidia's powerful GPUs were well-suited for bitcoin mining but they now seem primed to boost the company's sales because of their usefulness in artificial intelligence technology.

By James Rubin Sam Reynolds

May 25, 2023 at 11:45 p.m. UTC

May 25, 2023

CDCROP: Red arrows pointing down falling drop (Getty Images)

Markets

First Mover Asia: Bitcoin Holds Below $27K Amid Macro Uncertainties

ALSO: Market maker Flowdesk is looking to expand in the U.S., even as a number of major crypto firms, including Coinbase, have lost enthusiasm there because of ongoing regulatory uncertainties.

By James Rubin Sam Reynolds

May 25, 2023 at 12:45 a.m. UTC

May 25, 2023

Markets

First Mover Asia: Crypto’s Narrative of This Season Is No Narrative at All

ALSO: Hong Kong’s proposed crypto exchange rules value TradFi chops over crypto knowledge. What are the key potential changes?

May 24, 2023 at 12:52 a.m. UTC

May 24, 2023

Markets

First Mover Asia: Bitcoin Holds Steady Near $27K as Investors Weigh Debt Ceiling Developments

ALSO: CoinDesk's former head of research writes that despite government efforts in such large, emerging countries as Pakistan and Nigeria to curb crypto activity, citizens there seem to be turning to digital assets as a hedge.

By James Rubin Noelle Acheson

May 23, 2023 at 12:30 a.m. UTC

May 23, 2023

Markets

First Mover Asia: Will Bitcoin Soon Begin a Retest of 30K?

ALSO: Crypto companies and trade organization are spending a fraction of the amount that other industries are allocating for lobbying. That may change.

May 22, 2023 at 12:53 a.m. UTC

May 22, 2023