Bitcoin liquidations won’t be enough to break $70K+ range high — Here’s why

Bitcoin (BTC) headed toward range lows at the April 24 Wall Street open with investors at odds over when to take profit.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewBTC price targets extend to $25,0Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling below $27,300 on Bitstamp.The pair had seen an initial positive reaction to the…

New and developing research from the International Monetary Fund suggests that central banks around the world need new legal definitions for tokenized currencies. 742 Total views 16 Total shares On Friday, the International Monetary Fund published a new working paper on central bank digital currencies, or CBDCs, and their legal ramifications. In the paper, researchers including…

As spot Bitcoin exchange-traded fund (ETF) issuers iron out details of their filings with the U.S. securities regulator, it appears that the SEC is steadfast in demanding a “cash” redemption model rather than alternative model proposed by other issuers, such as BlackRock.On Dec. 14 finance lawyer Scott Johnsson said that ETF applicant Invesco has become

The rules were intended to “support public confidence ... by guarding against even the appearance of any conflict of interest.” 244 Total views 7 Total shares The Federal Open Market Committee, or FOMC, has approved rules that would ban senior officials at the Federal Reserve from purchasing and holding cryptocurrencies and other investments.In a Friday…

Rocket Protocol has been rebranded to Rangers Protocol after completing a major investment round. Pantera, Huobi Ventures Blockchain Fund and Alameda Research are among the backers. 1869 Total views 3 Total shares The newly rebranded Rangers Protocol has raised $63 million via private equity to expand its high-performance blockchain protocol, potentially signaling that Chinese blockchain…

While the reluctance of traditional players is a deterrent to crypto’s adoption in the short term, CZ argues that the decision might backfire over the next two decades. 555 Total views 7 Total shares Own this piece of history Collect this article as an NFTAs traditional institutions proactively reduce exposure to cryptocurrencies as a reaction…

The exchange said it “erroneously deposited” $50,000 into a user's account in June 2022, receiving no response to requests to return the funds. Cryptocurrency exchange Crypto.com has petitioned a Florida court to confirm a judgement in its favor through arbitration after the platform mistakenly deposited $50,000 into a user’s account.According to the July 6 court…

An ex-employee of cryptocurrency derivatives exchange Digitex began leaking stolen Know-Your-Customer (KYC) on Telegram. The stolen data reportedly includes passport and driving license scans and other sensitive documentation pertaining to more than 8,000 Digitex customers. The Seychelles-based exchange issued Cointelegraph a statement indicating that it is not currently able to comment on the incident and is…

"While a temporary move up to $100K is possible, a permanent move down to zero is inevitable," Schiff said on Twitter. 2223 Total views 12 Total shares The man who once said "Bitcoin will never hit 50K" has doubled down on the bearish prediction that Bitcoin (BTC) will eventually go to zero.Back in 2019, CNBC…