$6.6K: Bitcoin Price Eyes New Target for Bull Reversal

It’s been six days since the bitcoin cash split and neither side looks ready to call it quits. What’s more, cryptocurrency exchanges that froze holdings of bitcoin cash in lead-up to Thursday’s contentious hard fork activation are beginning to warm up to idea that bitcoin cash may forever remain two cryptocurrencies. On Tuesday, Coinbase, one of…

With the future of decentralized finance (DeFi) increasingly appearing to be multi-chain, the need to shuttle assets between networks has never been higher.The bridge market, however, is largely dominated by centralized solutions or a handful of decentralized incumbents – a state of affairs one startup is looking to disrupt.Symbiosis Finance, a stablecoin-based cross-chain bridge, announced…

"QE is increasing the balance sheet for monetary purposes. This is about financial stability, and all expansion of the balance sheet is not QE," Marc Chandler, chief market strategist at Bannockburn Global Forex and author of the book "Making Sense of the Dollar," told CoinDesk in an email.

Mar 27, 2020 at 13:30 UTCBitcoin Price Decline Prompts US Mining Firm to Shut Down ‘Indefinitely’Digital Farms, a California-based cryptocurrency mining company, is putting its operations on hold due to the recent decline in bitcoin's price.On March 18, the miner's parent company, investment firm DPW Holdings, filed an update with the U.S. Securities and Exchange…

news Swiss stock exchange SIX has launched a pilot version of its exchange and central securities depository (CSD) for digital assets. The prototype platform, launched under its digital assets subsidiary SIX Digital Exchange (SDX), is expected to see more functionality added as it approaches a full launch slated for Q4 2020, according to an announcement emailed…

feature Data analytics startup Flipside Crypto, already backed by Coinbase Ventures and Digital Currency Group, has raised another funding round to solidify its service offerings. Galaxy Digital, headed by hedge fund veteran (and runway model) Mike Novogratz, led a fresh $7.1 million round in Flipside Crypto this summer. Previous investors, such as Castle Island Ventures,…

Jan 6, 2021 at 4:10 p.m. UTCUpdated Jan 6, 2021 at 4:11 p.m. UTCKraken Users Are Staking More Than $1B in CryptoMore than $1 billion worth of cryptocurrencies have been staked through Kraken’s staking service, the crypto exchange announced on Tuesday. A third of that amount is in ether, roughly more than 300,000 ETH, according…

Oct 15, 2020 at 20:06 UTCUpdated Oct 15, 2020 at 20:44 UTCNearly 2,000 Robinhood Markets accounts were hacked in a recent series of attacks that stole customer funds, an indication the infiltration was more pervasive than previously believed, Bloomberg reported, citing a person with knowledge of an internal review. According to the company's statement at…

Given the recent spate of regulatory crackdowns in the crypto industry, especially with regards to privacy, it would be easy to assume that Aztec Network decided to abandon its Aztec Connect private payments product due to regulatory fears. However, the company says its reasons were only “commercial” in nature.Aztec Network, a startup focused on privacy…