Arthur Hayes explains why Fed rate cuts aren't helping Bitcoin

China bans Bitcoin (BTC), again.No, we’re not traveling back in time. On Sept. 24, the People’s Bank of China (PBoC) published a new set of measures to promote inter-departmental coordination on cracking down on crypto activity. The measures intended to “cut off payment channels, dispose of relevant websites and mobile applications in accordance with the…

"The threats posed by crypto show that congress and federal regulators can't continue to hide out, hoping crypto will go away," said the Massachusetts senator. 1966 Total views 1 Total shares Democratic Senator Elizabeth Warren did not mince words when it came to criticizing crypto, but seemed to consider a federally-backed digital currency as a…

Bitcoin (BTC) miners will continue to capitulate due to low prices, but upcoming events for Bitcoin Cash (BCH) and Bitcoin SV (BSV) will fuel the turmoil, says a new forecast.In the latest edition of its State of the Network reports on March 31, Coin Metrics argued that Bitcoin was in a spiral of miner capitulation.…

Ether (ETH) price has shown weakness after failing to break above the $1,950 resistance on April 26. The subsequent correction drove ETH to $1,810 on May 1, nearing its lowest level in four weeks. Curiously, the movement happened while the First Republic Bank (FRB) was closed by the California Department of Financial Protection and Innovation.Curiously,…

Once known as a skeptical institution of crypto, HSBC originally announced its first major move into metaverse in mid-March. 126 Total views 19 Total shares Global banking giant HSBC Holdings has rolled out its metaverse investment product for wealthy clients in Singapore and Hong Kong, according to multiple media reports.Called Metaverse Discretionary Strategy portfolio, the…

The assets of seven smart contract platforms have been included in the fund: ADA, SOL, AVAX, DOT, MATIC, ALGO and XLM. 86 Total views 11 Total shares Digital asset manager Grayscale Investments has unveiled a new cryptocurrency fund dedicated to smart contract platforms excluding Ethereum, underscoring growing investor appetite for alternative blockchain networks. The Grayscale Smart…

Aleksej Bešciokov was reportedly vacationing with his family in the Indian state of Kerala when authorities arrested him. 380 Total views 1 Total shares Officials with India’s Central Bureau of Investigation (CBI) announced the arrest of Lithuanian national Aleksej Bešciokov, who was alleged to have operated the cryptocurrency exchange Garantex.  In a March 12 notice

Bitcoin (BTC) stayed stubbornly anti-trend on Aug. 22 as $26,000 became a magnet for intraday BTC price action.BTC/USD 1-hour chart. Source: TradingViewBTC price “death chop” returnsData from Cointelegraph Markets Pro and TradingView tracked a third day of sideways performance for BTC/USD.Despite being heavily oversold, according to relative strength index (RSI) readings, Bitcoin refused to offer…