CoinDesk on Binance Feed: First Mover Asia: Bitcoin Ho Ho Holds Near $16 9K

Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates. Today marks the 14th anniversary of Satoshi Nakamoto mining the first Bitcoin block.

coindesk bitcoin

The Israel Securities Authority proposed new legal definitions for digital assets that would formally establish their government supervision – most frequently as securities. The CoinDesk Market Index is a broad-based index designed to measure the market capitalization weighted performance of the digital asset market subject to minimum trading and exchange eligibility requirements. The governance token of the Lido decentralized autonomous organization surged 26% so far in 2023, surpassing bitcoin and ether’s performance. 142 assets of 163 assets in the CoinDesk Market Index are trading higher in the new year. Every 210,000 blocks, or about once every four years, the number of bitcoin received from each block reward is halved to gradually reduce the number of bitcoin entering the space over time. As of 2021, miners receive 6.25 bitcoins each time they mine a new block.

Its Inter-Blockchain Communication protocol enables interoperability and bridging to the Chain and other IBC-enabled chains (e.g., Cosmos Hub). The Cronos blockchain runs in the Cosmos ecosystem, which operates using a proof-of-stake consensus mechanism. Select the option to “Share Chart” under the cryptocurrency’s price chart. On a CoinDesk price page, click on the cryptocurrency you would like to use. These easily embeddable price charts for bitcoin, ether, XRP, SOL and hundreds more are perfect for enriching articles, reports or publications with visualizations.

The CMI family of indices functions as a benchmark for digital asset allocation models that guide investor decisions on how much to invest in each asset class. It delivers institutional quality intelligence to investors who can use them to develop strategies against market fluctuations and capture untapped opportunities in the investable digital asset market. For updated information on our index announcements, methodologies, index policies, index catalogues, reconstitution calendars and consultations, please visit our Governance page.


Dogecoin officially went live in December 2013, and became an instant hit with the community. In 2014, Litecoin creator Charlie Lee proposed the idea of merge-mining dogecoin and litecoin. This idea of “merged mining” meant miners would mine both dogecoin and litecoin simultaneously, helping to boost the network security of Dogecoin. That resulted in Dogecoin producing faster blocks than Bitcoin (1 minute vs. 10 minutes), meaning doge transactions are significantly faster than Bitcoin transactions.

  • Despite this, coindesk also suggests that the odds of bitcoin posting gains in February for the fifth year straight are quite low, as the recent drop to six-week lows has put the bears back in a commanding position.
  • As a global financial hub, Hong Kong has a vested interest in shaping the development of CBDCs and especially the systems in which they will transact across borders.
  • To support the Cronos ecosystem, blockchain accelerator Particle B announced a $100 million CRO EVM Fund to support projects building on the chain.
  • “The entire market is generally stabilizing, accompanied by apathetic market participation,” Arcane Research, which provides analysis of digital asset trends, wrote in a newsletter on Tuesday.

After a series of high-profile exploits and indications that blockchain is being used to launder money, the industry and law enforcement have to develop better practices and tools to follow the money. The technical foundation of DeFi has proven to be incredibly resilient to the catastrophic market events of the last few months. The opportunity for building a new generation of financial services on DeFi rails has never been bigger, but the space needs to address some notable challenges. Industry leading layer 1 blockchains must collaborate on policy engagement, delivering a uniform message that regulatory clarity is needed beyond Bitcoin and Ethereum.

Bitcoin price

The crypto exchange has dipped another 17% over the past 30 days, bringing its year-to-date plunge to more than 85%. The project was left in the hands of volunteer developers from the dogecoin community, who infrequently update the underlying code. Dogecoin’s mining difficulty adjustment, which controls how hard or easy it is to find a block, is tweaked every block, unlike Bitcoin, which adjusts every 2,016 blocks. All content contained or used in any CDI index (the “Content”) is owned by CDI and/or its third-party data providers and licensors, unless stated otherwise by CDI. CDI does not guarantee the accuracy, completeness, timeliness, adequacy, validity or availability of any of the Content. CDI is not responsible for any errors or omissions, regardless of the cause, in the results obtained from the use of any of the Content.

Particle B will grant up to $1 million per project to at least 100 projects committing to building applications, toolings and infrastructure on Cronos. In November 2021, CRO hit its all-time high of $0.97 but dropped over the subsequent months. In late January 2022, CRO had fallen to $0.34 but quickly rebounded up to $0.51 before trading between $0.35 and $0.50. The founders of decided to freeze 60% of the total CRO coin supply to ensure the project’s long-term viability. The two respective wallets for the capital reserve and network long-term incentive allocations will remain frozen until November 7, 2022. Leave the chart as is displayed or go to Advanced Settings to make edits including configuring a specific time frame and date range.

coindesk bitcoin

But while the electricity figures are alarmingly high, it’s important to note that bitcoin mining at most accounts for 1.29% of any single country’s energy consumption. Bitcoin and other cryptocurrencies are like the email of the financial world. The currency doesn’t exist in a physical form, and the coin is transacted directly between the sender and the receiver without banking intermediaries to facilitate the transaction. Everything is done publicly through a transparent, immutable, distributed ledger technology called blockchain.

CRO is the native token of Cronos, an open-source, decentralized blockchain developed for settling payments. Although CRO was originally developed as an ERC-20 token, launched its own Cronos blockchain in November 2021 on Cosmos. In addition to being used to settle transactions what is fiii on Cronos, CRO holders enjoy benefits when using the suite of products, such as discounted fees, higher earnings for lending and priority services. Cronos is an Ethereum Virtual Machine compatible chain in the Cosmos ecosystem launched by the cryptocurrency exchange

US Federal Reserve, Other Agencies Continue to Warn Banks About Crypto

This method of requiring miners to use machines and spend time and energy trying to achieve something is known as a proof-of-work system and is designed to deter malicious agents from spamming or disrupting the network. Bitcoin transactions are recorded on a public, distributed ledger known as a “blockchain” that anyone can download and help maintain. “As big as China is, whatever happens there is still just a small piece of this global network that’s really going everywhere right now,” he said. The move could wind up benefitting the U.S., where most miners now reside. Beyond that, Casey said he is not concerned China will threaten Bitcoin’s dominance in the long run.

The fee is awarded to whichever miner adds the transaction to a new block. Fees work on a first-price auction system, where the higher the fee attached to the transaction, the more likely a miner will process that transaction first. Bitcoin users send and receive coins over the network by inputting the public-key information attached to each person’s digital wallet. Bitcoin’s price is renowned for being highly volatile, but despite that, it has become the top performing asset of any class over the past decade – climbing a staggering 9,000,000% between 2010 and 2020. EToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Own 30+ cryptoassets on an easy-to-use platform, and share in the knowledge of 30m+ users.

From utility to community building, here are just a few trends that will push the space forward in 2023. Finance ministers from across the world are due to examine crypto regulations next week – but they may shy away from exploring DeFi. Looking at sector performance, CoinDesk Market Index sector indices are in the green across the board during the first few days of the year, led by the Culture and Entertainment sector, up 5% through Tuesday. Runner-up JasmyCoin , the token of a platform that develops internet of things flipped the downward momentum from the 4th quarter of 2022 and gained 20% in the new year so far. Maple Finance’s native MPL token has also seen a roughly 15% increase.

Doge price

Unstoppable Domain Vice President Sandy Carter argues a keystone blockchain technology will become a standard way of doing business and part of everyday life. Once you build decentralized access control, Web3 and the traditional world of finance can finally be brought together. The crises of the past year obscured genuine advancement in promising crypto industries, writes Pantera Capital General Partner Paul Veradittakit.

The second largest crypto by market cap was up 0.5% from Sunday, same time. Other major cryptocurrencies were recently flat, although tinted more green than red. XRP, the token of open-source, public blockchain Ledger XRP, was among the biggest gainers, rising 5.4% to over $.36 cents. ADA, the token of decentralized blockchain platform Cardano and MATIC, the token of layer 2 platform Polygon, were both recently up more than 2%. The Digital Asset Classification Standard , created by CoinDesk Indices, provides taxonomy with reliable, comprehensive and standardized industry definitions. DACS includes the top 500 digital assets by market capitalization and offers 3 levels of granularity across 7 Sectors, 26 Industry Groups and 40 Industries.

DCG has no operational input into the selection or duration of CoinDesk content in all its forms. Casey, chief content officer of CoinDesk, a media outlet covering the blockchain and digital assets industry, shared his optimism at the recent EmTech conference hosted by MIT Technology Review. We are building the most influential, trusted information platform for a global community engaged in the transformation of the financial system and the emerging crypto economy. CoinDesk is an integrated platform for media, events, data & indices for the next generation of investing and the future of money. Defining crypto, digital assets and the future of finance for financial advisors. While many other digital assets continued to rise through the second quarter of 2017, doge prices fell below $0.001.

State of Bitcoin report

Doge is the native cryptocurrency of dogecoin, a parody cryptocurrency based on a viral internet meme of a Shiba Inu dog. At first, the crypto project was created purely as a mockery of other cryptocurrency projects that were being launched at the time. To have someone contact you about our services, including real-time feeds, historical data, benchmark licensing options and custom solutions, contact us today via this form. “One would expect the winners of 2023 to be those tokens which can demonstrate immediate cash-generative use cases in the real world, which do not depend on future crypto market growth and uptrends,” Farthing wrote in a Tuesday note.

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