Bitcoin analyst sees $66K 'local bottom' as BTC price liquidates $200M

Over the course of the past few weeks, the global cryptocurrency community bore witness to two major announcements related to stablecoins — with the first being the launch of Paxos’s gold-backed Ethereum token, PAX Gold (PAXG), and the other being the release of Binance’s cryptocoin backed by the United States dollar (BUSD). Paxos, a global digital…

Lawyers for Terraform Labs and Do Kwon used a U.S. Congress hearing, Binance.US complaint and Hinman emails documents to dismiss the SEC lawsuit. 319 Total views 3 Total shares Lawyers representing the United States Securities and Exchange Commission (SEC) have argued that the additional documents submitted by Dentons — the law firm representing Terraform Labs…

A new survey commissioned by crypto asset insurance company, Evertas, a cryptocurrency insurance firm, found that institutional investors plan to significantly increase their stakes in Bitcoin (BTC) and other digital assets in the future.After surveying 50 institutional investors that collectively manage over $78 billion in assets in the United States and United Kingdom, a standout…

Indian entrepreneurs believe crypto tax laws are foundational to mainstream crypto acceptance by governments. 408 Total views 33 Total shares As the Income Tax Department of India reportedly considers taxing crypto traders and crypto exchanges soon, experts believe investors should rest assured.According to ET Now’s report, the tax department, which operates under India’s Ministry of…

It’s unclear if the Independent presidential candidate will join forces with Donald Trump, but both are scheduled to speak in the same area on the same day.

A joint effort is aimed at assessing the possible use of wholesale central bank digital currencies in cross-border transactions. 403 Total views 3 Total shares The Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) will launch a joint experiment with wholesale central bank digital currencies…

Polychain Capital CEO Olaf Carlson-Wee thinks Facebook would be smart to build its stablecoin on a public, open blockchain infrastructure. Carlson-Wee delivered his remarks at the Consensus 2019 panel “To the Moon and Back” on May 15.Carlson-Wee explained that the blockchain platform he is referring to is one like bitcoin’s, in which the creator relinquishes control…

On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss whether the recent price rally is a bull run or a bull trap. 703 Total views 3 Total shares Own this piece of history Collect this article as an NFTThis week on The Market Report, the resident experts at Cointelegraph discuss whether the…

Businesses in Abu Dhabi, the capital of the United Arab Emirates’, or UAE, are increasingly embracing blockchain technology as local regulators move towards adopting inclusive legislation regarding crypto assets.Though Abu Dhabi Global Market, or ADGM, announced its plan to allow crypto asset trading in 2018, the UAE capital has taken a cautious approach to rolling…