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The U.S. jobs report for July was released Friday morning (Tim Mossholder/Unsplash, modified by CoinDesk)
Markets

U.S. Added Just 114K Jobs in July, Unemployment Rate Shoots Up to 4.3%

The price of bitcoin initially showed little reaction to the soft data even as traders quickly amped up bets on big Fed rate cuts in the second half of the year.

August 2, 2024

Bybit withdraws from France (Mantas Hesthaven / Unsplash)
Policy

Crypto Exchange Bybit Withdraws From France in Response to Regulations

"It has always been Bybit's primary objective to operate our business in compliance with all relevant rules and regulations," the company said in its post.

August 2, 2024

BTC price, FMA Aug 2 2024 (CoinDesk)
Markets

First Mover Americas: BTC Warnings Finger Drop to $55K

The latest price moves in crypto markets in context for Aug. 2, 2024.

August 2, 2024

(Unsplash)
Markets

Kujira Foundation's Tokens Stung by Its Own Leveraged Positions as Bets Backfire

The developers said the team’s positions were “targeted” and they will create an operational DAO to take ownership of the Kujira Treasury and core protocols.

August 2, 2024

(David McNew/Getty Images)
Markets

Risks Are Skewed to a Weaker Nonfarm Payrolls Print, ING Says

A weak report will likely bolster Fed rate-cut expectations and potentially support risk assets, including bitcoin.

August 2, 2024

Kamala Harris.  (Megan Varner/Getty Images)
Policy

Kamala Harris Can't Cede Crypto to Trump, Could be Difference in Battleground States: Think Tank

"Kamala Harris must lay out her own agenda for cryptoassets or she risks ceding the ground entirely to the Republicans," said the commentary from OMFIF’s Digital Monetary Inst...

August 2, 2024

Cathie Wood, CEO of ARK Invest, at Consensus 2024 (Shutterstock/CoinDesk)
Markets

ARK Invest Sold $14.8M of Coinbase Shares Thursday Ahead of the Exchange's Earnings Report

Coinbase revenue beat Wall Street analysts' expectations, while profit came in lower than the consensus.

August 2, 2024

(Dan Freeman/Unsplash)
Finance

Hong Kong's Futu Launches Bitcoin, Ether Trading, Offers Alibaba, Nvidia Shares as Rewards: Report

For the moment, only bitcoin and ether can be traded, while the company works on "expanding our crypto offerings in the near future."

August 2, 2024

(WOKANDAPIX/Pixabay)
Markets

Bitcoin Risk-Reward Remains Compelling Even After Price Surges 100% in a Year

Long-term holders are motivated to hold at bitcoin's going market rate, implying an attractive risk-reward for existing or potential investors, according to the "reserve risk"...

August 2, 2024

(CoinDesk Indices)
Markets

Bitcoin Traders Eye $55K Amid U.S. Stocks Sell-off, XRP Leads Losses in Major Cryptos

Traditional markets from the U.S. to Japan saw declines across major indexes and stocks, with the tremors seeping into the cryptocurrency market.

August 2, 2024

New Delhi, India (Unsplash)
Policy

Indian Survey Reveals Impact of Crypto Taxes and Anti-Money Laundering Rules on Investors

The study was conducted to assess how savvy investors are engaging with traditional finance, crypto and stablecoins in their investment portfolios.

August 2, 2024

Former President and 2024 Republican presidential candidate Donald Trump (Jon Cherry/Getty Images)
Policy

Bitcoin as a Strategic Reserve

Both former President Donald Trump and Sen. Cynthia Lummis proposed the U.S. hold its bitcoin.

August 2, 2024

August 1st

Marathon Digital CEO Fred Thiel (CoinDesk)
Finance

Bitcoin Miner Marathon's Shares Tumble After Revenue Unexpectedly Misses Wall Street's Estimates

The miner said its adjusted EBITDA swung to loss, compared to previous year's profit.

August 1, 2024

Coinbase (COIN) reported second-quarter earnings on Thursday. (PiggyBank/Unsplash)
Finance

Coinbase Shares Rise After Q2 Revenue Beats Wall Street Estimates Amid Falling Trading Volume

The crypto exchange posted better-than-expected revenue mostly due to its sales diversification strategy.

August 1, 2024

Michael Saylor (Danny Nelson/CoinDesk)
Finance

MicroStrategy Reports Q2 Loss; Bitcoin Holdings Rise to 226,500

Still not switching over to mark-to-market, the company booked an impairment charge of $180.1 million in the second quarter.

August 1, 2024

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

Protocol Village: Injective Starts 'Altaris' Upgrade, Switchboard Releases 'Oracle Aggregator'

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 1-7.

August 1, 2024

(Unsplash)
Markets

DeFi Protocol Convergence Hacked, CVG Token Plunges 99% on Curve

The exploiter created 58 million of the protocol's CVG token and then swapped for roughly $200,000 worth of wrapped ETH and crvFRAX and forwarded to Tornado Cash.

August 1, 2024

EU (Pixabay)
Policy

EU Regulator Details How It Classifies Unlawful Overseas Businesses Under MiCA

The European Securities and Markets Authority released an opinion to aid firms that may do business with overseas firms in order to prevent them breaching the rules on Wednesd...

August 1, 2024

At least one crypto leader is backing Democratic presidential candidate Kamala Harris.  (Megan Varner/Getty Images)
Policy

Crypto Exec Pushing for Industry Support of Kamala Harris for President

J.P. Thieriot, a board member and ex-CEO of Uphold, backs the vice president in her U.S. presidency bid and says he's hoping to build a digital assets advocacy for the Democra...

August 1, 2024

Terraform Labs co-founder Do Kwon (CoinDesk TV)
Policy

Montenegro to Extradite Do Kwon to South Korea, Rejecting U.S. Request

Kwon has been in custody in the Balkan country since March 2023, when he was arrested for using a fake passport en route to Dubai.

August 1, 2024