Below $7K: Bitcoin Price Looks Indecisive After 19-Day Low
Bitcoin’s price dropped to 19-day lows below $7,000 and created a doji candle on Sunday, signaling indecision in the marketplace.
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Blockchain Now Officially Part of China’s Technology Strategy
Apr 20, 2020 at 14:00 UTCShenzhen, China. (Credit: Shutterstock/fuyu liu)Blockchain Now Officially Part of China’s Technology StrategyAn influential government authority responsible for planning China's economy has said blockchain will form an integral part of the country's data and technology infrastructure. The National Development and Reform Commission (NDRC) told reporters Monday blockchain will join other emerging…

CFTC Fines Tether and Bitfinex $42.5M for ‘Untrue or Misleading’ Claims
The Commodity Futures Trading Commission (CFTC) fined Bitfinex and Tether more than $42 million on allegations the USDT stablecoin was not fully backed at all times and that Bitfinex violated a previous agency order.The federal commodities regulator settled charges with the sibling crypto companies on Friday, barring both firms from “any further violations of the…

First Mover: As Wall Street Fixates on Inflation Hedges, Good Luck Finding Bitcoin
A wave of new bitcoin buyers is arriving just as easily-obtained supplies of the cryptocurrency fall to their lowest levels in more than three years. Feb 10, 2021 at 3:28 p.m. UTCFirst Mover: As Wall Street Fixates on Inflation Hedges, Good Luck Finding BitcoinPrice PointBitcoin (BTC) was lower, after an intraday price spike on Tuesday took…

U.S. Federal Reserve Gov. Waller Says DeFi Could Boost Dollar’s Global Strength
Fed Gov. Christopher Waller, one of seven on the central bank's board, says the crypto industry's effect on the dollar seems to actually be a help, so far.As long as stablecoins are tied to the dollar – as 99% of those tokens are now – they're increasing the U.S. currency's global strength.Crypto critics often warn

DeFi Lender Sky Ratifies Plan to Offboard Wrapped Bitcoin, Due to Sun Concerns
Sky, the decentralized finance lender previously known as MakerDAO, will move forward with a plan to offboard wrapped bitcoin (WBTC) as collateral, following a vote that closed on Thursday and garnered overwhelming support from the project's community. The matter has been closely followed in crypto markets, since the Sky platform has $200 million of loans

WiFi Provider Andrena Raises $18M to Offer Decentralized Broadband
The DePIN protocol, known as DAWN, is designed to provide homes with internet without having to rely on centralized providers. DAWN us currently operating in a testnet environment ahead of launching on Solana, Andrena announced via email on Wednesday. Wireless internet provider Andrena has raised $18 million in funding to develop a protocol for decentralized

Coinbase Chief Legal Officer: There’s ‘A Lot to Unpack’ in CFTC’s Filing Against Binance
The Commodity Futures Trading Commission (CFTC) is going to great lengths to better gauge what is happening at the Binance exchange, said Paul Grewal, chief legal officer at rival exchange Coinbase (COIN).“There's a lot to unpack,” Grewal told CoinDesk TV’s “All About Bitcoin” on Tuesday about the CFTC’s complaint against Binance, the largest crypto exchange…

Bitcoin Becomes More Volatile Than Ether as Halving Approaches
The spread between bitcoin and ether’s annualized 30-day historical volatility gauges increased to the highest in at least a year, according to data tracked by Kaiko.The spot ETF inflows and Bitcoin blockchain’s impending halving seem to have catalyzed greater volatility in BTC.Bitcoin (BTC), the leading cryptocurrency by market value and trading volumes, is supposed to