Bitcoin price eyes’ last dip’ before October breakout: Analysts

An analyst warns that a lower CPI could squeeze Bitcoin short sellers, while a higher-than-expected CPI might lead to a Bitcoin sell-off.

The financial technology (fintech) industry has its roots in the late 20th century, with the advent of electronic banking and online stock trading. Since then, fintech has expanded and changed over time as a result of technological and internet advances. As a result, new financial services and products have been created with the intention of…

First Digital Trust, which provides crypto custody services for institutions, says that Hong Kong is not yet ready to regulate USD-backed stablecoins.

The new legislative package will address issues in crypto custody, taxation, and DAO operations in order to protect consumers against bad actors in the space. 1771 Total views 8 Total shares Australian Liberal Senator Andrew Bragg opened the Australia Blockchain Week conference with a bombshell legislative proposal that he hopes will lay the groundwork for…

As Bitcoin price stalled at $9,300 again, altcoins capitalized on the sideways price action to rally to new multi-year highs. 2019 Total views 21 Total shares Within the last few hours Bitcoin (BTC) price pushed above $9,300 after struggling to hold the $9,300-$9,400 level for the past three days. The move was accompanied by a notable…

Top Stories This WeekNYT Reporter: Facebook Seeking $1 Billion in Venture Capital for Crypto ProjectAccording to a tweet by New York Times (NYT) tech reporter Nathaniel Popper, Facebook is reportedly looking to various venture capital firms to develop its digital token that has been previously reported on. Popper, citing unnamed sources familiar with the matter,…

Top Stories This WeekNasdaq Begins Listing Brave New Coin’s Bitcoin and Ethereum Price Indexes Nasdaq, the world’s second-largest stock exchange, began its live listing of two crypto price indexes from United States blockchain and crypto market data company Brave New Coin (BNC) this week. The listings, which had been announced earlier this month, are BNC’s…

A large number of DeFi governance tokens are still way down from their peaks as farmers take profits. 993 Total views 16 Total shares Many high inflation decentralized finance tokens are still correcting despite Bitcoin’s push to new yearly highs.Research by IntoTheBlock suggests that DeFi token prices and protocol metrics have diverged significantly since September.…

Bitt, a portfolio firm of Overstock’s blockchain firm Medici, has partnered with the Eastern Caribbean Central Bank (ECCB) to pilot central bank digital currency (CBDC). Overstock announced the news in a press release on March 6.Barbados-based Bitt initially signed a contract with ECCB to conduct a pilot of the blockchain-issued Digital Eastern Caribbean Dollar (DXCD)…