Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes
This week’s 12% Bitcoin retreat was a “well-needed market cleansing,” said the former BitMEX boss.
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Nifty News: Yuga Labs launches BAYC council, Animoca backs Cool Cats and more…
Yuga Labs has announced a new Bored Ape Yacht Club (BAYC) community council to help the project “grow and thrive.”The team revealed seven council members in an Oct. 5 blog post, noting that they are all OGs who have been around since the early days of the BAYC. Yuga Labs said it assembled a new…

Cathie Wood’s ARK dumps 700K GBTC shares in one month
After selling nearly 700,000 GBTC shares over the past month, ARK’s Next Generation Internet ETF still holds 4.3 million GBTC shares worth $131.8 million. 125 Total views 1 Total shares Cathie Wood’s investment firm ARK Invest has sold 700,000 shares of the Grayscale Bitcoin Trust (GBTC) over the past month, even as Bitcoin (BTC) hit

Orchid’s OXT Price Slips Over 20% After Launch for Trading on Coinbase Pro
American blockchain and software development firm Orchid Labs has launched its privacy network alongside its native token OXT.According to a blog post on Dec. 16, Orchid’s digital currency OXT was immediately available for trading on major United States-based cryptocurrency exchange Coinbase Pro.According to an announcement, OXT will be available in Coinbase’s supported jurisdictions, with the…

Gemini launches ETF and fund manager-focused custody, clearing, and trade service
The new service will tailor to companies offering retail investors exposure to cryptoassets through traditional investment channels 2276 Total views 15 Total shares Being your own bank isn’t for everyone — and that includes companies and fund managers looking to issue cryptocurrency investment vehicles.Cryptocurrency exchange and custodial services provider Gemini announced today the launch of…

Bitcoin loses 4% in challenge to bulls’ push for $50K — Watch these BTC price support levels
$47,000 resistance serves as a timely reminder that the only way is not always up for Bitcoin bull runs. 2927 Total views 99 Total shares Bitcoin (BTC) lost its appetite for further gains on Thursday as BTC price action targeted levels below $45,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price heads toward $44,000Data from Cointelegraph…

Bitcoin price reclaims 6 figures on CPI relief as traders see $110K+ next
Bitcoin price targets rise as a swift comeback sees BTC/USD spike through the $100,000 mark.

Paypal USD: Boon for Ethereum but not decentralization, says community
Paypal’s new Ethereum-based stablecoin, PYUSD has been seen as bittersweet news for the crypto community. While it could finally see Ethereum find its place in mainstream adoption, it could also spell trouble for decentralization and personal control of assets, warns the community. The new stablecoin, Paypal USD, was launched on Aug. 7 and is issued…

El Salvador: How it started vs. how it’s going with the Bitcoin Law in 2021
Before June 2021, news regarding Nayib Bukele was likely not even a blip on many crypto users’ radar screens. The Salvadoran president instead made headlines for allegations of corruption and dictator-like behavior after his party’s congressional majority sacked five members of the country’s Supreme Court and its attorney general.During the Bitcoin 2021 conference in Miami,…