Pump the BRCs: The Promise and Peril of Bitcoin-backed Tokens
A new way of issuing tokens on Bitcoin is growing fast. So why did their creator warn that they “will be worthless”?
Alibaba Says ‘Open Sesame’ to Web3
The Chinese tech giant is releasing a metaverse launchpad. Plus, Sports Illustrated announces an NFT ticketing platform.
The Next Big Web3 Trend Wasn’t on Stage at Consensus
If you want to know what’s coming next in this industry, you need to listen to people still on the sidelines, says Leah Callon-Butler.
Craig Wright Shows ‘Prima Facie Evidence’ of Contemptuous Conduct, U.S. Judge Says
The computer scientist who claims to be Satoshi Nakamoto is still engaged in a $143 million dispute over bitcoin ownership.
New York Attorney General Seeks New Crypto Powers for State Regulators
The bill follows legal suits pursued by Letitia James in connection to crypto companies like Celsius, CoinEx and Nexo.
First Mover Americas: Meme Coin PEPE Surges to $1B Market Cap
The latest price moves in bitcoin (BTC) and crypto markets in context for May 4, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
U.S. Adds 253K Jobs in April, Topping Expectations for 180K; Bitcoin Falls
The unemployment rate rose/fell//head steady at 3.X% versus forecasts for a slight rise to 3.6%.
BNP Paribas Will Link Digital Yuan to Bank Accounts for Promoting CBDC Use: Report
BNP Paribas’ corporate clients will be able to connect to China’s e-CNY through a connection to the Bank of China’s system.
U.S. Regulatory Crackdown Sees Institutional Investors Prefer Gold to Bitcoin: JPMorgan
This year’s 76% bitcoin rally appears to have been driven by retail buying, the report said.
Bitcoin Chalks Out ‘Head and Shoulders’ Pattern Ahead of U.S. Nonfarm Payrolls: Valkyrie Investments
Although not classically meeting the textbook criteria of a head and shoulders, price action since March 19 has painted an extreme high with flanking lower highs, Valkyrie’s analysts said.