Bitcoin


Finance

Ashton Kutcher and Michelle Phan Invest in Lolli’s $3M Seed Round

Lolli, the bitcoin rewards shopping app, attracted celebrity investors in a $3 million round led by the early-stage arm of Peter Thiel’s Founders Fund.

Lolli investor Michelle Phan in the offices of Em Cosmetics. (Credit: Mark Sacro for CoinDesk)

Markets

Bitcoin's 8% Drop Triggers Largest Liquidation on BitMEX in 2 Months

BitMEX liquidated over $250 million-worth of bitcoin long-short positions after spot prices fell sharply Sunday.

Bitcoin price index

Markets

Crypto Long & Short: Bitcoin Markets Are Growing Up. Bitcoin Mining Is, Too

There is a notable shift in the style and profile of bitcoin miners, towards more sophisticated structures and financial engineering.

Stack of bitcoin miners

Markets

Bitcoin Dominance Is Making Investors Rich, Thanks to Crypto Hedge Funds

Crypto hedge funds saw their assets under management double to $2 billion in 2019, according to a new report from PricewaterhouseCoopers (PwC).

Bull, bullish

Markets

Market Wrap: Interest in Bitcoin Rises as Prices Near $10K, but Can It Continue?

Casual investors are hearing about bitcoin more often while professionals are taking advantage of a growing derivatives market.

CoinDesk Bitcoin Price Index

Markets

3 Straight Record Days Drive CME Bitcoin Futures Open Interest to All-Time High

Open interest for CME bitcoin futures made a new all-time high of just under $500 million on Friday. CME’s bitcoin futures market are growing faster than nearly every other bitcoin futures market on a percentage and real growth basis.

Credit: Shutterstock/Joseph Sohm

Markets

Most Bitcoin Buyers Are in the Money Ahead of the Halving, Data Suggests

Nearly 85% — or 25.79 million — of addresses holding bitcoin are now “in-the-money.”

An address is said to be in the money if the current price of bitcoin is higher than the price at which the coin was purchased or sent to the address. (Credit: Pixabay)

Markets

Why Binance and Akon Are Betting on Africa for Crypto Adoption

Demand for bitcoin is surging in Ghana, Nigeria and Kenya, attracting investment from the cryptocurrency exchange Binance and a token project by Akon.

Hip-hop artist Akon is the latest celebrity to join the cryptocurrency industry, setting his sights on Africa with his Akoin token project. (Credit: Shutterstock)

Markets

Market Wrap: Bitcoin Volatility Higher Than S&P 500 Again but Lower Than Oil

Bitcoin volatility has risen a bit, higher than the S&P 500 ahead of its expected halving next week - but it’s nowhere close to the rocky ride oil has been on.

CoinDesk Bitcoin Price Index for May 5, 2020

Markets

Bitcoin Briefly Hits $9K, Investors Remain Bullish

The cryptocurrency has again failed to keep gains above $9,000 even as active bitcoin addresses spike to 11-month highs.

Daily chart (CoinDesk BPI)