Bitcoin price preps for ‘bigger move’ as on-chain metrics ‘reset’

New York-based Metropolitan Commercial Bank has requested that stablecoin issuer Tether close its accounts with the bank, technology-focused news outlet Coindesk reported on July 10.Tether and its affiliated companies have reportedly had accounts with Metropolitan Commercial Bank for almost half a year, and now the financial institution has reportedly requested that Tether close its three…

The central bank has been experimenting with multiparty computation, which could support the entire European economy in the future.

Crypto exchange unicorn Binance will launch Binance Coin (BNB) futures trading on Feb. 10.As the 17th cryptocurrency available on Binance’s futures trading branch, BNB comes with 50x leverage, paired against Tether’s USDT stablecoin, Binance detailed in a Feb. 7 press release provided to Cointelegraph.BNB pumped with the rest of the marketBinance’s BNB coin has already…

Bitcoin’s (BTC) price continued its downtrend Wednesday ahead of the testimony from United States Federal Reserve Chairman Jerome Powell.The spot BTC/USD exchange rate fell to its 17-day low of $31,600 following a 3.46% intraday dip. Meanwhile, CME futures tied to the pair plunged 3.41% to $31,515, extending their week-to-date losses to 9.5%.Bulls step in at…

Russia’s parliament, the State Duma, may defer the adoption of the country’s major crypto bill “On Digital Financial Assets” (DFA) until the autumn session, local news outlet TASS reported on July 9.The Duma is considering shifting the adoption of the DFA bill to the autumn session, while the representatives have largely agreed on a bill…

Lower interest rates and accelerating crypto adoption are spurring more financial institutions to try Bitcoin-backed lending. 

Japan’s second-largest bank by assets, Sumitomo Mitsui Banking Corporation (SMBC), has completed a proof-of-concept (PoC) using blockchain consortium R3’s Marco Polo trade finance platform. A press release confirmed the PoC completion on Feb. 18.SMBC, which is the only Japanese bank participating in Marco Polo, said it had partnered with Japanese multinational Mitsui & Co. to…

Platforms including EigenLayer, Symbiotic and Karak are charting new territory on the frontier of restaking.

Tuesday, June 18 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) falls Near $9,000 mark again.Market visualization courtesy of Coin360Bitcoin is currently down about 3% on the day, trading around $9,045 at press time, according to Coin360. Looking at its weekly chart, the coin…