Bitcoin bulls run risk of 'Bart Simpson' BTC price dip to $62K
Bitcoin holds its latest advances over the weekend, but there are plenty of arguments calling for a snap BTC price retracement.
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JPMorgan Notes Marginal Improvements to Payment System With Blockchain Technology
Experts at financial services giant JPMorgan say that blockchain technology will provide benefits to banks and payment systems, Bloomberg reports on Jan. 29. JPMorgan’s chair of global research, Joyce Chang, said, “Blockchain isn’t going to reinvent the global payment system, but it will provide marginal improvements. The most meaningful impact will probably be three to…
Suspicious arrest of crypto scam reporter, Japan’s pro-crypto PM: Asia Express
Global outcry as Cambodia arrests crypto scam investigator, Japan’s new Prime Minister supports crypto, and more: Asia Express.
Only ‘Something Unexpected’ Can Stop Bitcoin Price Bull Run — Bloomberg
Bitcoin’s “appreciation” will continue unless a freak occurrence interrupts it, says Bloomberg Intelligence. Bitcoin (BTC) will only stop gaining in value if “something unexpected” stops it, Bloomberg researchers believe.Tweeting a summary of the latest Bloomberg Intelligence Commodity Primer on Aug. 19, senior strategist Mike McGlone revealed a clear bullish stance on BTC.Bloomberg: BTC price will…
Europe Takes Serious Steps Towards Blockchain Adoption
After months of monitoring and observing the “promising and challenging” potential of distributed ledger technology (DLT), the European Union (EU) is finally making a turn into the blockchain industry.How it all startedBack in February 2018, the European Commission (EC) launched the EU Blockchain Observatory and Forum, aimed to support European cross-border engagement with the technology…
Ethereum ‘head & shoulders’ chart pattern puts ETH price at risk of dropping to $2K
Ethereum's native token Ether (ETH) rates may fall to a two-month low after it slid below support at around $2,954, based on a classic trading pattern.The $2,954 level represents a so-called neckline constituting a head and shoulders setup. In detail, the said support level appears to be a floor to three peaks, with the middle…
Brian Armstrong: Coinbase Signed Up 50,000 Users per Day in 2017
Cryptocurrency exchange Coinbase CEO Brian Armstrong said in an August 14 interview with Bloomberg that it was signing up 50,000 users per day in 2017. Speaking at the Bloomberg Players Technology Summit in San Francisco on Tuesday, Armstrong said that the “technology [Bitcoin] is going through a series of bubbles and corrections, and each time…
‘Pure’ DeFi has little chance for real-world use because of need for oracles: BIS
According to the BIS researchers, a centralized oracle based on trust is the only option for DeFi, and variations of that model do exist. The need for an oracle in decentralized finance (DeFi) is a major impediment to adoption in the real world, according to the authors of a Bank for International Settlements (BIS) bulletin.
Nigerian fintechs crack down on crypto, users face account blocks
The Nigerian central bank’s attitude to crypto has been inconsistent in recent years, and the crackdown contradicts a decision taken in 2021 to facilitate crypto account opening.