Bitcoin must ‘clear resistance’ at $62K to avoid another ‘Black Monday’
If Bitcoin fails to hit $62,000 and hold there, it could drop below $50,000, according to analysts from Kraken, but some aren’t as pessimistic.
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Grayscale met with SEC to discuss spot Bitcoin ETF details
Executives from crypto asset manager Grayscale have met with the Securities and Exchange Commission to discuss details of its flagship Bitcoin (BTC) trust, which the firm wants to convert to a spot Bitcoin exchange-traded fund (ETF).A Nov. 20 SEC memo disclosed Grayscale CEO Michael Sonnenshein, legal chief Craig Salm, ETF head Dave LaValle and four
Israel’s Top Cargo Shipping Firm Zim Opens Blockchain Platform to All Clients
Israel’s largest cargo shipping company Zim has opened its blockchain platform for electronic bills of lading (eB/Ls) to all clients in selected trades. Global shipping news outlet TradeWinds reported the news today, Jan. 14.Following a successful pilot of its blockchain-powered eB/Ls platform that lasted for over a year, the shipping firm has claimed that blockchain…
Why did Bitcoin price go down today? BTC traders brace for $23K retest
Bitcoin (BTC) headed toward $23,000 on Feb. 3 after a night of losses erased bulls’ latest progress.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDollar rebound halts crypto partyData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $23,329 on Bitstamp.The pair had come off a second trip above the $24,000 mark at the Feb.…
An Ethereum Wallet Will Let You Easily Host Your Decentralized Website
MyEtherWallet, a well-known Ethereum wallet app, is releasing a feature named “Host Your Own Site” that provides an easy interface for its users to upload a website to the InterPlanetary File System, or IPFS.IPFS-based websites are tied to Ethereum-based domain name services, such as ENS and Unstoppable Domains, which feature either “.eth” or “.crypto” suffixes.The…
Crypto-Fiat Payments Firm Wirex Launches Major Update, Adds 10 New Fiat Currencies
Digital payments firm Wirex has released a major platform update, Wirex 3.0, adding ten new fiat currencies, according to an official press release on Feb. 27.From now, Wirex users in the European Economic Area (EEA) can access “unconditional access” to over-the-counter rates for cryptocurrency exchanges, as well as interbank rates for traditional currency exchanges.The press…
Tim Cook says he bought crypto, but rejects Apple adding it to its portfolio… for now
Apple is currently the second largest company by market cap behind Microsoft, with Cook personally worth more than $1 billion. 1953 Total views 16 Total shares Apple chief executive officer Tim Cook said he owns some crypto as "part of a diversified portfolio," but is not planning for the tech company to follow Tesla’s example…
Crypto Exchanges Collaborate With Bithumb to Freeze Stolen Funds After Major Hack
In late March, major South Korean cryptocurrency exchange Bithumb lost around $18 million as a result of a hack. While the details are still sketchy — for instance, it is unclear whether or not it was an inside job, as Bithumb initially claimed — a large portion of the stolen funds have been frozen by…
LocalBitcoins Receives Finnish FSA Virtual Currency Provider License
The Finnish Financial Services Authority (FIN-FSA) has officially registered LocalBitcoins as a virtual currency provider, starting at the beginning of November 2019. Finland only allows officially registered providers who fulfill the legal requirements to operate in the country.A safe pair of handsIn order to receive the registration, LocalBitcoins had to prove to the FIN-FSA that…