Author: American Coins & Gold

First Mover Americas: Altcoins Lead, Bitcoin in Stasis Near .6K
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 17, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

ARK Buys .9M Worth of Its Own Bitcoin ETF
ARK sold a similar amount – $15.8 million – worth of shares in the ProShares Bitcoin Strategy ETF (BITO), the first ETF linked to the bitcoin futures market to list in the U.S.

Bitcoin's ‘De-Dollarization’ Narrative Loses Ground As USD Tightens Its Grip on International Transactions
The crypto market’s de-dollarization expectations look premature as the greenback remained the preferred currency in international transactions in 2023.

Indonesian Crypto Exchanges Blame Dramatic Drop in Trading Volumes Partly on High Taxes
Indonesian crypto exchanges saw a sharp 60% drop in trading volumes in 2023, challenging its reputation as a fast adopter of digital assets.

Fidelity's Jurrien Timmer Says Bitcoin to Consolidate Recent Gains Amid ETF Hangover
Some have forecasted sharp declines in bitcoin’s price as traders ‘sell the news’ post-ETF approval, but Fidelity’s Director of Global Macro disagrees.

Ethereum’s Dencun Upgrade Goes Live, But Fails to Finalize on Testnet
Developers said the missed finalization was likely due to an expected lack of participation and older network validators.

Bitcoin Sees Its First Ever Weekly 'Golden Cross'
The 50-week simple moving average (SMA) of bitcoin’s price has crossed above the 200-week SMA for the first time on record.

Socket, Bungee Restart Operations After Apparent .3M Exploit
The platform experienced a security incident late Tuesday that affected wallets with infinite approvals to Socket contracts, developers said.

Sam Bankman-Fried's Parents Ask Court to Dismiss FTX's Lawsuit Seeking to Recover Funds
Joseph Bankman and Barbara Fried, the parents of Sam Bankman-Fried, have asked a court to dismiss a lawsuit by the bankrupt cryptocurrency exchange FTX seeking to recover funds it alleges were fraudulently transferred.

Magic Leap Execs Believe Metaverse Needs to Focus on Real-World: Report
The Mixed Reality company has raised nearly $4 billion, as metaverse tokens are solidly in the green.