Bitcoin News Roundup for April 21, 2020

Taiko has raised $15 million in a series A fundraising, bringing its lifetime outside investment total to $37 million.Project claims to be an "Ethereum-equivalent ZK rollup" with "based sequencing" – both tipped as technological breakthroughs – but Taiko faces a crowded field of competitors among Ethereum layer-2 networks.Taiko, a layer-2 scaling solution provider for the

An already tenuous plan for crypto legislation in the House of Representatives could be thrown into uncertainty by its leadership mess.Industry lobbyists think there could still be a window for House progress by the end of the year, though the Senate still poses a problem. Without the U.S. Congress outlining a clear system of rules

Jul 22, 2020 at 11:32 UTCThe South Korean government has proposed obliging crypto investors to pay more than a fifth of their profits to the state. The Ministry of Economy and Finance tabled a proposal Wednesday to introduce a 22% tax –including the 2% local income tax – on crypto trading profits above 2.5 million…

South Korean traders are known to drive speculative frenzies in smaller cryptocurrencies.One such token rose as much as 6,600% in September before being listed on international exchanges.However, bitcoin has remained king for the larger part since September, as its dominance over the overall market increased.Part of the rapid surge in prices for alternative cryptocurrencies (altcoins)

BNB is less than 10% away from its record high of $705.Options traders remain cautious with purchases of puts with strikes from $550-$650.BNB has been performing well due to high participation in Binance Launchpad and Launchpool projects.Binance's native BNB token is approaching an all-time high of $705 after surging by more than 10% from Sunday's

Feb 4, 2020 at 11:03 UTCUpdated Feb 4, 2020 at 11:04 UTCView Bitcoin produced a "doji" candle on Monday, indicating bull fatigue and shifting risk in favor of a stronger price pullback. On the downside, major support is seen at $8,867 (200-day average). If the 200-day average support holds ground, a fresh move higher toward…

Oct 14, 2020 at 08:00 UTCEthereum art (CoinDesk archives)Ethereum-Enhancers Not Ethereum-KillersEthereum’s popularity has congested the network like never before, and scalability is top of mind. Historically, and still today, many look beyond Ethereum for more scalable smart contract platforms. However, the most interesting scaling battles are being waged above Ethereum on Layer 2s (L2), not…

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Several of the largest creditors of troubled Singaporean crypto…

It's unclear what the new group's mission will be, though People's Bank of China employees working on its digital currency efforts will be involved.People's Bank of China HQ in Beijing (humphery/Shutterstock)Feb 3, 2021 at 9:54 p.m. UTCUpdated Feb 3, 2021 at 10:12 p.m. UTCChina’s Central Bank Is Partnering With SWIFT on a New Joint VentureThe…