share on Facebookshare on LinkedInshare on Twitter
Featured SpeakerJenny JohnsonPresident and CEOFranklin Templeton
Jenny will discuss developing crypto-linked investment products in a bear market, the mood among her clients and her lon…Secure Your Seatshare on Facebookshare on LinkedInshare on Twitter
Featured SpeakerJenny JohnsonPresident and CEOFranklin Templeton
Jenny will discuss developing crypto-linked investment products in a bear market, the mood among her clients and her lon…Secure Your Seat
This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.
Latest Prices
Top Stories
Bitcoin was down for a third straight day on Friday, falling 3% over the last 24 hours to about $28,000. The cryptocurrency has lost almost 10% since last Friday. Ether, the second-largest cryptocurrency by market value, has lost 8% during that period. This comes following a mostly down week for risky assets like cryptocurrencies. On Wednesday, $100 million in bitcoin positions was liquidated on Binance, but one possible positive development for crypto came on Thursday when the European Parliament passed comprehensive crypto legislation, becoming the first major jurisdiction to do so.
The U.S. Securities and Exchange Commission is advising brokers and investment advisers they need to look at crypto with more scrutiny before they recommend digital assets to ensure the risky products are in the best interests of their clients. A Thursday staff bulletin – outlining the duties the advisers have to customers – specifically mentioned crypto, continuing the agency’s recent focus on the sector after having largely ignored digital assets in its rules and guidance until last year.
Coinbase (COIN) has obtained a license to offer its services in Bermuda as it seeks to expand internationally, the company announced in a blog post on Wednesday. The U.S. crypto exchange received a Class F license from the Bermuda Monetary Authority, which allows the company to operate as a digital-asset exchange in that territory. The news comes two days after CEO Brian Armstrong indicated the U.S.-based exchange would consider moving out of the U.S. if clear crypto regulation isn’t enacted.
Chart of the Day
- The chart shows the difference in the number of ether flowing into and out of the leading centralized exchange Binance in the past 48 hours.
- More than 34,000 ETH ($64.8 million) were transferred to Binance early Friday, as represented by the green bars.
- According to pseudonymous analyst @OnchainDataNerd, the large investor who moved these coins will earn a profit of $6 million if he chooses to liquidate his holdings.
- Potential liquidation might add to bearish pressures on ether.
Trending Posts
- Crypto Stocks Post Large Losses as Bitcoin Price Slides Toward $28K
- EU Crypto Industry Applauds MiCA – But Looks to What’s Next
- NFT Marketplaces Sales, Users Drop to Lows Not Seen Since 2021, Dune Data Shows
Edited by Mark Nacinovich.
DISCLOSURE
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.
Trending1
The Breakdown, With NLWThe EU Has Now Become the Global Crypto Regulatory LeaderApr 23, 20232
Web3Judge Rules Bored Ape Yacht Club Ripoff NFTs Violated Yuga CopyrightApr 22, 20233
FinanceHere Are Six New Projects Looking to Mitigate Bitcoin Mining’s Energy FootprintApr 22, 20234
The Breakdown, With NLWHasta La Vista, U.S.! Crypto Companies Look AbroadApr 22, 2023
