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Liquid staking tokens also rise on Wednesday. Bitcoin holds steady above $28,000.

ALSO: Former CoinDesk head of research Noelle Acheson writes that longer-term narratives such as bitcoin's recent store-of-value story matter but that price depends more on fleeting, often fickle sentiment.

The firm said it continues to invest in and expand its asset-management business.

The upgrade may in time attract a new group of investors, Brian Mosoff, said.

The roots of an hour-long surge were difficult to pinpoint, according to one analyst, but investors have recently been more optimistic about the crypto’s prospects following last month’s banking crisis.

Fresh economic data Thursday morning suggested slowing in both inflation and the employment picture.

In a CoinDesk interview, Colin Brady, chief creative officer at AMGI Studios, talks about how Web3 and AI will change movie-making, and why big studios fail to adopt new technologies.

Founded in 2015, Paxful became one of the most popular places to buy bitcoin in Africa and other emerging markets, and it had more than 200 employees. Behind the scenes, though, staff took paid trips to music festivals, bosses fought, dismissals reportedly occurred on a whim, and the smell of cannabis permeated the office.

The exchange said hackers transferred the crypto assets from a hot wallet to an unidentified wallet.

‘White hat’ hackers are working to recover more of the stolen funds as of Monday.