Coindesk

Until last week, the issue of de-banking remained largely an open secret, something known primarily to insiders like myself. As I work to protect people and entities affected by de-banking both in the U.S. and globally, I have witnessed firsthand the devastating economic and social impact this has had on businesspeople, nonprofit organizations and “politically exposed persons.”This situation changed as millions of people became familiar with the concept of de-banking after venture capitalist Marc Andreessen appeared on the Joe Rogan podcast. Andreessen discussed the exclusion of politically disfavored individuals and entities from the financial system, focusing specifically on the crypto-assets industry.His remarks triggered a wave of responses, drawing attention to the broader issue of de-banking in the tech and cryptocurrency...

A Solana-based memecoin themed on viral Thai zoo hippo Moo Deng surged by more than 67% after it was listed on cryptocurrency exchange Coinbase on Monday.Its market cap is now pushing back towards $500 million after a two-week lull that saw the token's price drop from $0.67 to $0.30. It is currently trading at $0.49 following Monday's rise, with daily trading volume rising by 151% to $330 million.The listing provided a much-needed boost to the wider memecoin ecosystem, with GOAT experiencing a 9% move to the upside, while PNUT rose by 6% during a 10-minute period following the listing.It's worth noting that memecoins are volatile by nature as they have no intrinsic value; they rise and fall rapidly based solely...

Bitcoin (BTC) daily mining revenue and gross profit rose in November as the world's largest cryptocurrency hit record highs, but it is still about 50% below pre-halving levels, JPMorgan (JPM) said in a research report Monday."We estimate that bitcoin miners earned an average of $52,000 per EH/s in daily block reward revenue in November, up 24% from October," analysts Reginald Smith and Charles Pearce wrote.The bank noted that transaction fees on the network spiked following the U.S. Nov. 5 presidential election and this provided some "hashprice relief." The hashprice is a measure of mining profitability.The total market cap of the 14 publicly listed bitcoin miners in the bank's coverage surged 52% in November to $36.2 billion, the report said.The average...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3696.8, up 5.6% (+195.83) since 4 pm ET on Friday.Three of 13 assets are trading higher.Leaders: HBAR (+42.3%) and XRP (+38.5%).Laggards: SOL (-7.4%) and RENDER (-4.5%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR).Bitcoin Development Company MicroStrategy (MSTR) is now the owner of nearly 2% of all the bitcoin (BTC) that will ever be created after again adding to its holdings of the token.The firm Monday morning disclosed the purchase of 15,400 bitcoin over the week ended Dec. 1 for $15.4 billion, or an average price of $95,976 each. That brings its holdings to 402,100 tokens worth $38.2 billion at bitcoin's current price of $95,000. The company's overall average purchase price is $58,263.This most recent buy was funded with share sales under the company's existing at-the-market program, according to the disclosure.Executive Chairman Michael Saylor once again on Sunday teased the Monday announcement.MicroStrategy's...