Bitcoin must ‘clear resistance’ at $62K to avoid another ‘Black Monday’

The HKMA said that funds placed on unlicensed "crypto banks" are not protected by the region's deposit protection scheme. The Hong Kong Monetary Authority (HKMA), the special administrative region’s central bank, has issued a warning to users that crypto businesses presenting themselves as banks and using banking terminology could be violating the region’s banking laws. In

Last week China’s heavy-handed crackdown on crypto trading crypto briefly sent shockwaves across the market as Bitcoin and altcoin prices saw a sharp drop following the announcement, but as is the case with all things crypto-related, the market bounced back as resilient traders found other ways to participate in the market. Part of China's goal in…

The rising popularity of decentralized autonomous organizations (DAO) reflects the growing tendency toward the creation of community-focused projects within the Web3 ecosystem. At its core, a DAO is an organizational structure that allows decentralized decision-making within a community. Currently, there are over 4,000 of these projects in existence, according to the registration data of DeepDAO. With…

Friday, April 12 — most of the top 20 cryptocurrencies are reporting slight to moderate gains on the day by press time, as Bitcoin (BTC) approaches the $5,100 mark.Market visualization courtesy of Coin360Bitcoin’s price is up close to half a percent on the day, trading at around $5,085 by press time, according to CoinMarketCap. Looking…

A San Francisco-based experimental art movement has created what they describe as an ‘autonomously programmed art piece’ that changes appearance as the price of Bitcoin fluctuates.Asynchronous Art revealed Matt Kane’s “Right Place & Right Time” today, an artwork that evolves dynamically in response to BTC price action. As the value of the cryptocurrency changes, so…

Brian Quintenz, a Commissioner at the United States Commodity Futures Trading Commission (CFTC), has argued against the Securities and Exchange Commission’s (SEC) grounds for not approving a Bitcoin (BTC) exchange traded fund (ETF). Quintenz made his remarks during a panel at the BiPartisan Policy Center in Washington D.C. on Feb. 12.  Quintenz specifically argued that…

Bitcoin will become more stable and liquid when regulatory certainty is in place, Bridgewater’s director of investment research argued. 3377 Total views 12 Total shares A senior analyst at asset management firm Bridgewater believes that regulation could potentially make Bitcoin (BTC) a good asset for institutional investors.Bridgewater director of investment research Rebecca Patterson claimed that…