3 Charts Suggest Bitcoin Prices Could Be Headed Higher

NEW YORK -- Alameda Research had “special privileges” at FTX that allowed the crypto hedge fund to spend $8 billion of exchange customers’ money, Gary Wang, a former top lieutenant in Sam Bankman-Fried’s empire, testified at trial Friday.Taking the stand in an ill-fitting black suit, Wang, who co-founded both companies with Bankman-Fried, said that in

May 20, 2020 at 02:11 UTCUpdated May 20, 2020 at 02:30 UTC7-day rolling average of Bitcoin hash rate. Data via BlockchaininfoBitcoin Mining Difficulty Drops by 6% In First Adjustment After HalvingThe Bitcoin network just fine-tuned a key parameter to coax back miners who quit after last week's halving hammered their profits.More than 20 exahashes per…

news Facebook’s initiative to create an accessible, frictionless, globally-available cryptocurrency and payments network is brushing up against unprecedented regulatory hurdles, at least according to a new report from Reuters. Though the social media company is taking steps to comply with watchdogs around the world, many experts are concerned that it won’t be enough. Facebook’s path…

Mar 5, 2020 at 12:34 UTCUpdated Mar 5, 2020 at 12:44 UTCThe mining facility. Credit: Greenidge GenerationAn upstate New York power plant has been using some of its own electricity to mine bitcoin on an industrial scale. Greenidge Generation, a natural gas power plant near the town of Dresden in the Finger Lakes region, has…

news Bitstamp, one of Europe’s largest cryptocurrency exchanges, is looking to expand its U.S. operations, having just been issued New York’s latest virtual currency license. The New York Department of Financial Services (NYDFS) awarded Bitstamp the 19th BitLicense Tuesday, allowing the exchange to offer bitcoin, litecoin, bitcoin cash, ether and XRP trading pairs to the…

Wintermute Asia, the derivatives trading arm of trading firm Wintermute Group, has executed its first options block trade through the world’s second-largest futures exchange, the Chicago Mercantile Exchange (CME).The BTC/USD block was traded between Wintermute Asia and TradFi giant TP ICAP and was cleared by ABN AMRO Clearing Bank, according to a press release. A

Nov 17, 2020 at 1:00 p.m. UTCNew Mac Update Leaves Users No Room to Escape Data CollectionApple’s most recent update, Big Sur, makes a feature that logs device activity for offline (and online) applications practically impossible for privacy solutions to bypass. The monitoring is yet another example of Apple’s privacy-compromising design choices, despite the company’s efforts…

Mar 4, 2020 at 12:00 UTCUpdated Mar 4, 2020 at 12:02 UTCSamsung's enterprise technology arm is building a blockchain-based settlements solution for merchants and banks. The Korea Herald reported Wednesday that Samsung SDS had signed a memorandum of understanding with Israeli fintech solutions provider Credorax to develop the solution, aimed to create efficiencies by automatically…

Aug 7, 2020 at 12:46 UTCUpdated Aug 7, 2020 at 13:02 UTCFixing This Bitcoin-Killing Bug Will (Eventually) Require a Hard ForkMost of us will be dead by then. Projected to happen in the year 2106, Bitcoin will suddenly stop running based on the code its network of users is running today. Users won’t be able…