Bitcoin Dips 7% to Near $40K; Pullback Will Be Short-Lived, Say Experts
Bitcoin endured its worst daily drawdowns in 4 months, dipping over 7% to nearly $40,000. $XRP, $LINK, $ADA declined 8%-10%.
Explaining Bitcoin’s ‘Flash Crash’
The cryptocurrency’s volatility cuts both ways.
Binance’s Market Share of Crypto Trading Tumbled to 30% in 2023
The exchange has also witnessed a drop in its trading volume amidst the regulatory crackdown on the entity in the U.S.
FCA Slow to Take Crypto Enforcement Action, UK’s Public Spending Watchdog Says
Even when the financial regulator has the power to act, years can go by before it takes enforcement action, the U.K.’s National Audit Office said.
Seamless Protocol Issues SEAM, Bags First Base-Blockchain Token Listing on Coinbase
Seamless previously operated the “OG Points” program, allowing thousands of users to earn points in their on-chain wallets.
Coinbase, MicroStrategy, Marathon Stocks Buckle 5%-10% as Bitcoin Tumbles Below $42K
A “flash crash” in thin trading Sunday evening, saw bitcoin’s price plunge nearly 10% from the $44,000 level in the space of a few minutes.
Taiwan Completes Wholesale CBDC Technical Study, Central Bank Official Says
The central bank is now gathering feedback and improving a platform design, according to Deputy Governor Chu Mei-lie.
South Korea Financial Regulator Proposes Consumer Protection Rules for Crypto Users
The rules are scheduled to take affect on July 19 next year.
Decentralized Exchange Uniswap Expands to Bitcoin Sidechain Rootstock
Uniswap version 3 (v3) has been deployed on Bitcoin sidechain Rootstock by GFX Labs, the team behind trading terminal Oku.
First Mover Americas: Bitcoin Slips to $42K From Last Week’s Yearly High
The latest price moves in bitcoin [BTC] and crypto markets in context for Dec. 11, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.