Toronto, Canada, March 8th, 2024, Chainwire Conflux Network, the only regulatory compliant public blockchain in China, today announces its pivotal role in assisting the successful beta-testing of the Hong Kong Dollar (HKD)-backed stablecoin, AxHKD. Built by local fintech company AnchorX, the stablecoin will be launched on Conflux Network initially, followed by Ethereum. Conflux will provide […]

TL;DR Optimism Foundation has sold 19.5 million OP tokens to an undisclosed buyer for $89 million. The tokens will be locked for two years. The sale could have a positive impact on the OP token price in the long term by reducing the available supply. There are concerns about the potential centralization of the network […]

TL;DR Deribit sees a surge in the $200,000 Bitcoin call option, indicating investor optimism for a more than 200% increase in Bitcoin price by the end of 2024. The futures market and the DVOL index also show a positive and volatile outlook for Bitcoin, as the cryptocurrency reaches new highs and faces growing adoption and […]

TL;DR Over $3 billion in BTC and ETH options will expire on March 8th, marking a crucial moment in the crypto market. Analysts are divided on the impact of the expiry on BTC and ETH prices, with some predicting a surge and others expecting increased volatility. The put-call ratio indicates an overall bullish sentiment, but […]

The New Zealand exchange went offline in 2019 following a cyber attack that saw millions of dollars worth of tokens stolen.Source: CoinDesk The post Bankrupt Cryptopia Exchange to Return Crypto to Some Creditors appeared first on Crypto Breaking News.

The bank lifted its rating on the stock after bitcoin hit record highs and the crypto exchange’s trading volume reached levels not seen since 2021.Source: CoinDesk The post Coinbase Upgraded to Neutral as Goldman Sachs Ends Bearish Stance appeared first on Crypto Breaking News.

The latest price moves in bitcoin (BTC) and crypto markets in context for March 8, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source: CoinDesk The post First Mover Americas: Ether Approaches $4K appeared first on Crypto Breaking News.

Despite Montenegro’s High Court ruling for Do Kwon’s extradition to South Korea, the U.S. is not backing down. “The United States continues to seek Kwon’s extradition in accordance with relevant international and bilateral agreements and Montenegrin law,” the Justice Department told Bloomberg, highlighting the ongoing legal tussle over the Terra founder amidst charges linked to […]

So far in 2024, bitcoin’s concerns about the path of the economy or interest rates have taken a back seat to the overwhelming demand from the spot ETFs.Source: CoinDesk The post U.S. Added 275K Jobs in February; Unemployment Rate Unexpectedly Rises to 3.9% appeared first on Crypto Breaking News.

The recent surge in the value of Shiba Inu, a popular meme coin, has caught the attention of both investors and analysts. This unexpected rise underscores the unpredictable nature of the cryptocurrency market, with SHIB’s performance serving as a prime example of its volatility. Shiba Inu recently experienced its most significant weekly surge in years, […]