Bitcoin 92-day consolidation is setting up a ‘massive’ rally — Traders
Bitcoin is now trading in its “longest” consolidation period, but the longer the consolidation, the “larger the expansion,” according to traders.
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PayPal says its crypto efforts are producing ‘really great results’ on earnings call
PayPal’s CEO believes crypto assets are forging a more equitable and inclusive financial system. 2062 Total views 25 Total shares During PayPal's Quarter 1 2021 investor update call, president and CEO, Dan Schulman said digital assets had performed strongly for the company and that he believes crypto and central bank digital currencies will be a…
Bitcoin price eyes’ last dip’ before October breakout: Analysts
Bitcoin analysts are eying an October breakout, despite the current market slump, partly caused by continuous negative outflows from the US Bitcoin ETFs.
ShapeShift to decentralize entire company, plans for largest airdrop in history
ShapeShift, a leading non-custodial cryptocurrency exchange, is planning to open-source its platform and dissolve its entire corporate structure — an unprecedented move that underscores the company’s commitment to decentralization. Largest airdrop in historyAs part of its decentralization pledge, ShapeShift plans to airdrop 340 million FOX tokens to over one million users who traded $1 or more…
Blockchain tech is helping to reduce the impact of deforestation in Brazil
The move is intended to prevent “laundering” cattle from sanctioned farms. Major meat processing company JBS S.A., has repeatedly come under fire for allegedly contributing to the illegal deforestation of the Amazon rainforest. They are now using blockchain technology to create a unique solution to the problem.According to a Sept. 23 report from Reuters, JBS…
Australian police’s ‘new powers’ lead to $142.6K crypto seizure
First crypto seizure by Victoria Police underscores a new legal framework empowering officers to confiscate digital assets via search warrants.
Reddit mods dumped tokens hours before blockchain program termination
Analysis of token movements from Redditor moderators' wallets suggests at least three moderators dumped thousands of dollars worth of Moon tokens just minutes before the actual announcement. 193 Total views 2 Total shares Popular social network platform Reddit announced the wind-down of its blockchain-based community points program on Oct. 17 citing scalability issues. The announcement
BitMEX Joins COVID-19 Relief Efforts with Dedicated $2.5M Fund
Crypto derivatives exchange BitMEX has become the latest industry actor to join philanthropic efforts to fight the COVID-19 global health crisis. 2271 Total views 68 Total shares Seychelles-registered crypto derivatives exchange BitMEX has become the latest industry actor to join philanthropic efforts to fight the COVID-19 global health crisis.On April 20, the exchange’s operator, HDR…
Bank for International Settlements Exec Advises Against Central Bank Digital Currencies
Bitcoin (BTC) critic and general manager at the Bank for International Settlements (BIS) Agustin Carstens advised against the issuance of central bank digital currencies (CBDCs) in a speech in Dublin on March 22. Bloomberg reported on the speech the same day.Per the report, Carstens explained that a CBDC could facilitate a bank run, enabling people…