Coindesk

Japanese crypto exchange DMM Bitcoin will shut down and transfer its accounts and assets to trading platform SBI VC Trade in March next year, it said in a statement on Dec. 2.The decision was made after the exchange suffered a hack in May. Hackers siphoned off over 4502.9 bitcoin (BTC), worth nearly $305 million at the time.DMM Bitcoin had restricted its services such as withdrawals and the acceptance of purchase orders for spot crypto assets since the loss of the funds, but acknowledged that allowing the situation to continue would impair its customers. “We sincerely apologize for the inconvenience caused over such a long period of time,” it said.Who was behind the theft is not clear – though fingers have...

Ethereum has recently been making waves for the right reasons, providing bullish cues to its native token, ether (ETH). Now, the cryptocurrency's price chart reveals a compelling pattern reminiscent of the set-up in bitcoin (BTC) before it chalked out a record rally last month.Ether's three-line break chart, which filters out day-to-day noise and erratic price movements, shows the cryptocurrency's eight-month corrective trend, characterized by lower highs and lower lows, has ended and the broader uptrend from the October 2023 lows near $1,500 has resumed.Such breakouts often trigger a bullish cascading effect on price by attracting new buyers and forcing out sellers that restricted price rallies during consolidation.Bitcoin witnessed a similar breakout in mid-October, signaling a rally to the then-record highs...

Spot ethereum (ETH) exchange traded funds (ETF) in the U.S. saw record daily inflows on Friday, another sign that the second-largest cryptocurrency is gaining momentum as a catch-up trade after vastly underperforming bitcoin (BTC) this year.The nine products combined booked $332.9 million in net inflows during Friday's shortened trading session, data compiled by Farside Investors shows. BlackRock's iShares Ethereum Trust (ETHA) and Fidelity Ethereum Fund (FETH) led, attracting $250 million and $79 million in fresh funds, respectively.Friday was the fifth consecutive session with net inflows for the group, and concluded the second strongest week with $455 million in net inflows, per SoSoValue data. It was a shorter week as U.S. traditional markets were closed on Thanksgiving Thursday.Ether ETFs also outpaced...

XRP flipped a $100 billion market capitalization late Saturday as a multiweek rally showed no signs of pausing amid multiple catalysts over the past weeks.XRP zoomed nearly 10% in a 24-period from Friday to Saturday, reaching a local high of $1.92 to set prices previously seen in January 2018, when it briefly touched an all-time high above $3.40.The surge brought 7-day gains to 30%, outperforming bitcoin (BTC) and other majors, while 30-day gains stand at nearly 300%, data from CoinGecko show.Saturday’s move came following a Fox Business report that the New York Department of Financial Services had indicated to payments firm Ripple — closely related to XRP — about approving the company’s RLUSD stablecoin.Ripple will be allowed to legally offer...

One week after its first attempt, bitcoin (BTC) is once again approaching the $100,000 milestone on Friday as crypto prices surged higher alongside the return of U.S. traders following Thanksgiving.The Coindesk Bitcoin Index climbed to a $98,690 session high during early U.S. hours, advancing 3.3% over the past 24 hours. The broad-market CoinDesk 20 Index surged 6.2% during the same period, indicating that altcoins led the advance. XRP, ADA, RENDER and HBAR booked double-digit gains during the day.Traditional U.S. markets are having a shortened session today after being closed on Thursday's holiday. U.S.-listed bitcoin miners — which don't always rise just because the price of bitcoin gains —, are moving higher, led by Bitdeer's (BTDR) 15% advance to notch a...