Bitcoin Outlook Sours As Price Sheds 70% of Recent Rally
Bitcoin’s price has surrendered more than 70 percent of the rally seen in July, putting the bears in a more commanding position.
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Bitcoin, Crypto Prices Little Changed as Federal Reserve Holds Interest Rates Steady
In a widely anticipated move, the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) on Wednesday held monetary policy steady, leaving the range for its benchmark fed funds rate at 5.25%-5.50%.Fed members projected to keep interest rates higher for next year between 4.9%-5.6%, compared to the 4.3% in the June prediction. They also see stronger
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Tron Founder Justin Sun Postpones Lunch With Warren Buffet
news Justin Sun’s hotly-anticipated lunch with billionaire investor Warren Buffett has been postponed, the Tron Foundation announced Monday. Sun has fallen ill with kidney stones, the foundation said on Twitter. The parties have “agreed to reschedule at a later date.” The lunch, scheduled for July 25, was the prize for winning a charity auction. Sun…
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In Her Own Words: Here’s What Janet Yellen Has Said About Bitcoin
Nov 24, 2020 at 6:08 p.m. UTCIn Her Own Words: Here’s What Janet Yellen Has Said About BitcoinFormer Federal Reserve Chairman Janet Yellen is likely to become the next U.S. Treasury Secretary. The Wall Street Journal reported Monday that President-elect Joe Biden plans to nominate Yellen in the coming days, positioning the longtime economist to succeed…
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TrueDigital Expands Distribution of Its Bitcoin and Ether OTC Reference Rates
news Institutional digital assets platform trueDigital Holdings has signed two new distribution deals to expand the reach of its over-the-counter (OTC) reference rates for bitcoin (BTC) and ether (ETH). Announcing the news on Monday, trueDigital said that it has partnered with Kaiko, provider of cryptocurrency market data, and Inca Digital Securities, a data aggregation and…
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Why Today’s Crypto Exchange Leaders Are Powerful, but Not Inevitable
Feb 21, 2020 at 20:00 UTCWhy Today’s Crypto Exchange Leaders Are Powerful, but Not InevitableAs crypto traders ask why bitcoin prices shot downward, the power and influence of exchanges are at the center of the conversation. For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts,…
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Coinbase Violated State Securities Laws With Staking Program, Alabama Regulator Alleges
Crypto exchange Coinbase (COIN) has 28 days to explain to the Alabama Securities Commission (ASC) how it is not violating state securities laws with its staking program, the regulator said on Tuesday.The ASC's "show cause" order alleges Coinbase and its parent corporation Coinbase Global broke the law by offering the staking rewards program "Earn" to…
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What’s Next for Bitcoin After March’s Crash – CoinDesk Quarterly Review
Quarterly crypto analysis: bitcoin hodlwaves show long-held assets stayed putWhat’s Next for Bitcoin After March’s Crash – CoinDesk Quarterly ReviewWill bitcoin (BTC) move beyond "digital gold"? Is ether (ETH) viable as money? In 24 charts, CoinDesk Research shows what happened to crypto assets in Q1 2020 and examines what may emerge in the future. Download…
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Attorney Ordered to Pay Out $5.2M for Bitcoin Escrow Mishap
Aug 14, 2020 at 08:56 UTCUpdated Aug 14, 2020 at 08:59 UTCNew York (Gareth Lowndes/Shutterstock)A New York attorney has been ordered to pay over $5 million to a crypto investment firm for dereliction of duty as an escrow agent. The agent, Aaron Etra, will have to pay more than $5.25 million plus 4% interest ($59,887)…