According to Bloomberg, the narrowest ever bollinger bands suggest that Bitcoin is consolidating for a major breakout. Bloomberg remains optimistic about Bitcoin (BTC) as long as it stays above a key resistance level. Bitcoin Bollinger Bands. Source: Bloomberg The latest report by Bloomberg analyst, Mike McGlone, contends that Bitcoin is consolidating. He speculates that due […]
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New York, New York runs the show this week as the site of a host of developments and setbacks for crypto. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note The largest city in the United States and the world’s financial capital for […]
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Bitcoin price continues to lose momentum, signaling the possible start of a deeper correction below $8,200. Grayscale Investments has been taking in Bitcoin (BTC) at a frantic pace. In the last week alone, the fund gobbled up 19,879 Bitcoin, which is way over the 7,081 Bitcoin mined during the period, according to crypto researcher Kevin […]
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Framework Ventures’ co-founder believes Compound’s token launch jump started a trend of DeFi projects competing for yield as public interest and token prices rally. Recent events surrounding the launch of Compound’s token seem to have been noticed by many other projects in the decentralized finance, or DeFi, ecosystem. In an interview with Cointelegraph, Framework Ventures’s […]
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Chinese mining company Ebang has yet to see a positive net income in 2020, but an IPO might give it a jumpstart. On June 26, Chinese firm Ebang was listed on the Nasdaq Global Market under the ticker EBON, becoming the second Bitcoin (BTC) mining manufacturer to go public on a United States stock exchange. […]
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Hyundai embraces the blockchain and crypto industry with three trademark registrations. Hyundai is reportedly looking to launch a blockchain ecosystem through its Europe-based subsidiary, Hdac, and IT arm, Hyundai BS&C, after registering three business trademarks with the Korea Intellectual Property Office. According to Chosun, a local media outlet, Hyundai BS&C’s CEO Chung Dae-sun applied to […]
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“Perhaps our children’s generation won’t own the roof over their heads, but they’ll own a wealth of digital assets instead.” Many of them, at least in the Western world, learned to swipe a screen before they learned to talk. They’ve seen their parents get rekt on the stock market, maybe more than once, and they […]
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Blockstream’s Liquid sidechain suffered a security incident where 870 BTC were briefly available to the company’s emergency recovery multisig contract. A malfunction in Blockstream’s Liquid bridge for Bitcoin (BTC) resulted in a Blockstream-owned 2-of-3 multisig contract briefly controlling over 870 BTC, worth $8 million. This was discovered on June 26 by James Prestwich, founder of […]
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New service from Bitcoin.com lets users send Bitcoin Cash to anyone with an email — something Roger Ver believes this is no longer feasible with Bitcoin. Bitcoin.com introduced a new service that allows users to send any amount of Bitcoin Cash (BCH) via email. Roger Ver: not possible with Bitcoin Bitcoin.com founder Roger Ver told […]
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Schiff, Rogers and Mark Cuban will end up “going all in” on Bitcoin, Keiser claims, while calling John McAfee the “king of scammers.” Bitcoin (BTC) skeptics such as Peter Schiff and Mark Cuban will all buy “huge” amounts of the cryptocurrency, Max Keiser promises. In a tweet on June 26, the famously outspoken RT host […]
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