A suspicious asset manager is claiming to have entered into a short position targeting a 99% crash in the price of Chainlink. A report authored by Zeus Capital has asserted that the firm is building into a Chainlink (LINK) short position with a target of 99% gains, describing the top-10 cryptocurrency by market cap as […]
Continue Reading
Open Interest for crypto futures are rising at Bybit despite Bitcoin’s record-low volatility. Recent data from Skew shows that open interest for Bitcoin (BTC) has been rising on the Bybit crypto trading platform, reaching a new high at $434 million on July 14 for the Tether (USDT) and USD pairs combined. BTC Futures – Bybit Open […]
Continue Reading
In the civil case against him, Abramoff owes $55,000, but the judgment in the criminal case remains to be seen. Per a July 15 judgment in the case of the SEC v. Abramoff, Jack Abramoff will pay $55,000 in disgorgement and interest for his involvement in promotion for AML Bitcoin. Abramoff will also be permanently […]
Continue Reading
CBDCs will be the leading digital currencies of the future, and only the competition between various models will determine the winner. Real innovations and breakthroughs don’t happen in the blink of an eye. Bitcoin (BTC) took many years to get to mainstream users since its inception in 2009. The bull market run in 2017 drastically […]
Continue Reading
Traders Peter Brandt and Joe Saz go live with Cointelegraph to explain how to develop an individualized trading style. No two traders trade the same. But what does it take to develop a unique trading style? How large is the leap from amateur trader to skilled, strategical professional? 45-year trading veteran Peter Brandt and YouTube […]
Continue Reading
Abra CEO and founder Bill Barhydt said he sees Bitcoin as a store of value, increasingly distancing itself from mainstream market price correlation. After changing roles several times since its 2009 launch, the current line on Bitcoin (BTC) calls it a store of value comparable to gold — a status with which Abra CEO Bill […]
Continue Reading
Xangle, a crypto disclosure platform by CrossAngle, closes a $3.3 million round from South Korea’s conglomerate Hanwha Group. Major South Korean conglomerate Hanwha Group is cementing its involvement in the cryptocurrency industry with a new investment. Hanwha Investment & Securities, a securities brokerage subsidiary of Hanwha Group, has participated in a 4 billion won ($3.3 […]
Continue Reading
DeFi tokens strongly outperformed Bitcoin price in Q2 but can the triple-digit rallies continue? Compound, the Decentralized Finance protocol, reached the $1 billion dollar mark in funds borrowed from its protocol on June 13, with its top three markets being the DAI and USDC stablecoins followed by Ether (ETH). Currently, MakerDAO’s DAI takes the lead […]
Continue Reading
Despite continuing education gaps, the heads of several crypto-focused trade associations confirmed that lawmakers are paying more attention than ever to the industry. Speaking with Circle’s Jeremy Allaire on July 16, several key figures in lobbying on behalf of crypto and blockchain in Washington, D.C. spoke to a major rise in education and interest in […]
Continue Reading
The Bank of Thailand is looking to test the digital baht with Hong Kong’s central bank after piloting the CBDC with large businesses. Thailand’s central bank has reportedly entered a new phase in the development of its central bank digital currency, or CBDC. The Bank of Thailand, or BOT, has reportedly deployed its CBDC, and […]
Continue Reading