Markets Outlook

With the price of bitcoin hovering near recent highs and some wondering whether we're poised for a pullback, CoinDesk's Markets Daily is back for your latest news roundup.This episode is sponsored by Bitstamp and Crypto.com.Today's stories:Bitcoin Looks Overbought but Analysts Play Down Drop FearsBitcoin's rally looks overstretched, according to a technical indicator, but short-term price consolidation looks more likely than a drop, say analysts.A Crypto Derivatives Exchange Is Getting a Nasdaq Listing in Q3Originally postponed due to the pandemic, EQUOS.io is still set to be the first crypto exchange on the Nasdaq.Police Arrest 27 Alleged Masterminds Behind $5.7B Plus Token Crypto ScamChinese police have arrested 27 leaders and 82 others suspected of operating the Ponzi scheme.Malaysia's Stock Exchange Eyes Blockchain for Bond Market DigitizationKnown as Project Harbour, the initiative will use distributed ledger technology as a register for a bond marketplace.

With the battle for CBDC dominance in the East heating up and smart contract use skyrocketing as Ethereum turns five, CoinDesk's Markets Daily is back with another news roundup.This episode is sponsored by Bitstamp and Crypto.com.Today's stories:Bitcoin's Latest Rally May Have Staying Power, Exchange Flows SuggestThe flow of bitcoin and stablecoins in and out of cryptocurrency exchanges observed on Monday suggests the latest price breakout may persist. Soaring DeFi Usage Drives Ethereum Contract Calls to New RecordCoin Metrics reported the daily number of smart contract calls on Ethereum jumped to 3.11 million – a new record. Digital Yen Now 'Top Priority' for Japan Central Bank, Says Senior OfficialThe comments mark a shift in priority for Japan as it seeks to counter the economic threat from regional rival China.Crypto Wallet Maker Ledger Loses 1M Email Addresses in Data TheftAn unknown hacker gained access to the wallet maker's marketing database, stealing a million email addresses as well as personal information for 9,000 customers.

With bitcoin pulling back a little after yesterdays frenzied rush above $11,000, CoinDesk's Markets Daily is back with another news roundup.This episode is sponsored by Bitstamp and Crypto.com.Today's stories:Bitcoin Futures Volume Surges 186% as Price Hits $11KThe market for bitcoin futures snapped back to life on Monday as the cryptocurrency's price surged to an 11-month high.Ethereum Miners' Income Soars by 60% in a Month – Outruns Ether's Price JumpEthereum miners may have benefited the most from ether’s recent price rise and soaring transaction fees.Ethereum 2.0: How It Works and Why It MattersA new 22-page report from CoinDesk Research explains the technology behind Ethereum's upcoming overhaul and the potential market impact of Eth 2.0.

With BTC breaking out, ETH exploding and gold at all-time highs, CoinDesk's Markets Daily is back with another news roundup.This episode is sponsored by Bitstamp and Crypto.com.Today's stories:First Mover: Bitcoin at Last Passes $10K, But Why Has It Struggled While Gold Shone?It's a tricky thing to explain why bitcoin has been underperforming as central bank money printing helps drive gold to a new record. Ether Leaves Bitcoin Behind With 2020 Gain of Over 100%Ethereum's popularity with DeFi projects has likely led to a triple-digit year-to-date price rise for ether. Bitcoin lags well behind with a 34% gain.Crypto Long & Short: Where Fintech Ends and Crypto BeginsParts of fintech may be embracing crypto, but Noelle Acheson argues that doesn’t mean crypto is fintech – it’s more than that. MakerDAO Passes $1 Billion Milestone in DeFi FirstThe total value of ether locked in DeFi's oldest project has surpassed $1 billion for the first time.

With BTC up 3.5% on the week and ETH up a lot more, CoinDesk's Markets Daily is back with another news roundup.This episode is sponsored by Bitstamp and Crypto.com.Today's stories:First Mover: Crypto's $35T Moment Could Come From Analog-World Stock ListingsWith Coinbase rumored to be considering a share listing, some say a move toward more public ownership could accelerate mainstream crypto adoption. Opera's Built-In Crypto Wallets Have 170K Monthly Active UsersThe Norwegian browser maker has disclosed its crypto wallet user numbers for the first time.Blockchain Bites: Digital Dollars, Crypto Custody and Visa's 'Future of Money' Involves CryptoVisa said crypto is part of "the future of money," members of the U.S. Senate think the dollar should go digital and OCC will allow banks to custody crypto.YouTube Seeks to Dismiss Ripple Lawsuit Over XRP Giveaway ScamsThe video sharing giant filed a motion to dismiss Ripple’s lawsuit that alleges that YouTube did not do enough to stop free XRP giveaway scams, copyright infringement.

With BTC finally breaking out and ETH up even more, CoinDesk's Markets Daily is back with another bitcoin news roundup.This episode is sponsored by Bitstamp and Crypto.com.Today's stories:3 Reasons Bitcoin's Price Could Soon Rise to $10KAfter a rise over $9,500 Wednesday, bitcoin looks set to climb toward the psychological price hurdle of $10,000. Here's three reasons why.Banks in US Can Now Offer Crypto Custody Services, Regulator SaysU.S. regulators have cleared the way for national banks to provide cryptocurrency custody services on behalf of customers.Senate Hearing Sees Digital Dollar as a Tool for Economic SupremacyThe digital dollar again appeared during a Senate hearing. However, it wasn't the focus of the hearing, but rather just another tool that can be used to maintain U.S. hegemony. Apple Co-Founder Steve Wozniak Sues YouTube Over Bitcoin Giveaway ScamsWozniak is among 18 plaintiffs suing the video-sharing giant for allowing crypto giveaway scams using his likeness to flourish on the platform.

With the price of BTC taking a breather following yesterdays jump, CoinDesk's Markets Daily is back with another bitcoin news roundup.This episode is sponsored by Bitstamp and Crypto.com.Today's stories:First Mover: This DeFi-Ready Token Is Teaching Crypto Traders to Cherish InflationAn update on Bitcoin price action, courtesy of CoinDesk's Omkar Godbole.Bitcoin 'Active Entities' at Highest Since 2017 Bull RunThe on-chain metric suggests Bitcoin is garnering users despite the cryptocurrency’s extended period of comatose price action.China's Blockchain Infrastructure to Extend Global Reach With Six Public Chains China’s blockchain infrastructure BSN will expand its global reach by integrating with six major public chains including Tezos, NEO, Cosmos’ Irisnet, Nervos, Ethereum and EOS. Developers using these blockchains will be able to run nodes and build dapps in the network. Blockchain Bites: China's BSN Integrations and Satoshi's Newfound WealthEthereum Classic supporters are ditching the project, top exchanges are developing "Travel Rule" solutions and, FYI, YFI might have a backdoor.China's Supreme Court Calls For Better Protection Over Digital Currencies CoinDesk  A new guideline comes amid rising numbers of legal disputes in China over the ownership of digital currencies like bitcoin.Korean Government Proposes Tough New 22% Tax on Crypto Trading Crypto trading profits could be liable to a 22% tax should the Korean National Assembly approve the newly tabled proposal. 

With the price of BTC catching a bid in early trading, CoinDesk's Markets Daily is back with another bitcoin news roundup.This episode is sponsored by Bitstamp and Crypto.com.Today's Stories:First Mover: Bitcoin Shows Signs of Life But Ether (And Crew) Steal the LimelightIn the race to become the dominant cryptocurrency platform, Ethereum is gaining on Bitcoin.Bitcoin Rises With Stocks as EU Agrees €750B in Coronavirus StimulusBitcoin edged higher on Tuesday as stock markets cheered the EU's decision to approve a landmark coronavirus recovery fund.Whale Alert Identifies 1.125 Million BTC as Satoshi's StashNew on-chain analysis from Whale Alert suggests Satoshi Nakamoto mined an estimated 1,125,150 in bitcoin, now worth an estimated $10.9 billion.Colorado Is Betting on ETHDenver and Web 3 for Its Next Lottery GamesEyeing a billion-dollar revenue goal by 2023, the state-run lottery is getting creative with its game offerings.

With bitcoin's trading range getting even tighter, CoinDesk's Markets Daily is back for your bitcoin news roundup.This episode is sponsored by Bitstamp and Crypto.com.First Mover: Bitcoin Miners Find Upgrade Financing Aplenty, Even as Prices LanguishBig-money players are extending financing to bitcoin miners for equipment upgrades, even though prices are still torpid two months after the halving. PayPal Picks Paxos to Supply Crypto for New Service, Sources SayPayPal has chosen Paxos to handle the new service’s supply of digital assets, according to two people familiar with the matter.This New Coding Language Could Help Unlock Bitcoin's Smart Contract PotentialWith the introduction of Sapio, Jeremy Rubin hopes to expand Bitcoin's smart contract use cases and increase the "financial self-sovereignty" of its users.

With Binance expanding its miner ambitions and Thailand's CBDC seeing early use, CoinDesk's Markets Daily is back with another bitcoin news roundup.This episode is sponsored by Bitstamp and Crypto.com.First Mover: Why Bitcoin Traders Couldn't Give a Sat About the Twitter HackBitcoin barely moved on this week’s Twitter hack. Here's what analysts said about why the attack had so little effect on prices.Binance Pool Poised to Grab More Bitcoin Mining Hash Rate in RussiaBinance is looking to consolidate more bitcoin mining hashrate to its pool in Russia and the Central Asia region. Thailand Already Using Central Bank's Digital CurrencyThailand's digital currency is backed by the central bank’s foreign currency reserves, which have grown by $25 billion over the past 12 months.