Bitcoin Slides Below $62K as Consolidation Drags on, but Traders Eye Possible Parabolic Rally
Bitcoin price on Aug. 27 (CoinDesk)
news
Blockchain Data Warehouse Space and Time Raises $20M Series A to Accelerate Development of AI Tools
The funding round, which takes SxT’s total backing to $50 million, was led by Framework Ventures, Lightspeed Faction, Arrington Capital and Hivemind Capital.
Trump Unlikely to Drop Out of ABC Debate With Harris Despite Threats: Polymarket Traders
The mics likely won’t be muted, the market believes.
First Mover Americas: Bitcoin Drops as Traders Take Profits
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 27, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
MakerDAO Is Now ‘Sky’ as $7B Crypto Lender Rolls Out New Stablecoin, Governance Token
The driving motivation behind the changes was “how to scale DeFi to gigantic size” and grow a decentralized stablecoin, Rune Christensen said in an interview with CoinDesk.
Telegram CEO’s Arrest Is Unlikely to Be the Last: Galaxy
Telegram and Pavel Durov were probably resisting takedown or information requests from Europe or France, the report said.
Crypto Bank Xapo to Manage $200M Bitcoin-Denominated Hedge Fund With Hilbert Capital
The fund, set for launch in September, will be available to corporates, businesses and professional investors
Telegram Under Scrutiny in India, But Ban not Imminent: Reports
Telegram, perhaps the most prominent messaging service used by the cryptocurrency ecosystem, is under scrutiny in India but not in immediate danger of a ban, multiple reports have indicated. Indian authorities have asked the investigators for an update on the investigation after Telegram CEO Pavel Durov was arrested in France.
Jailed Binance Exec’s Nigeria Case to Be Heard a Month Early
The trial was expected to resume on Oct. 11 but is now set to resume next week after defence lawyers requested that the case be heard sooner.
Bitcoin Drops Below $63K on Profit Taking as SafePal’s SPF Gets Points Boost
Bitcoin (BTC) slid under the $63,000 mark early Tuesday as profit-taking from a weekend rally extended into a second-day, bringing down the broader crypto market.