Bitcoin trader eyes $60K next as bears force fresh BTC price rejection

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The past week in DeFi was filled with artificial intelligence (AI)-centered developments on Etherscan, Polygon’s latest security update and on-chain sleuth ZachXBT’s ongoing lawsuit supported by multiple crypto…

Gemini organized a record-breaking drone show featuring a massive Bitcoin logo to celebrate the US Strategic Bitcoin Reserve. 515 Total views 1 Total shares Cryptocurrency exchange Gemini set a new Guinness world record by deploying 1,000 drones to form the Bitcoin logo in the sky, marking the largest-ever aerial display of a currency symbol. The

A recent presentation from the U.S. Federal Bureau of Investigation, or FBI, shows ransomware hackers have pilfered massive amounts of Bitcoin (BTC) since 2013.Between October 2013 and November 2019, victims paid roughly $144 million in BTC to ransomware hackers, FBI supervisor Joel DeCapua indicated at a Feb. 24 RSA conference.Ransomware takes controlDuring a ransomware breach,…

From a universal trustless authentication to decentralized autonomous organizations, Redditors discussed what use cases can drive Ether’s value up. 118 Total views 26 Total shares While Ether's (ETH) price dip over the weekend may have left investors worried about the digital asset, community members on Reddit conducted a discussion on Ethereum use cases that could…

China should embrace blockchain technology but not “speculate” about cryptocurrencies such as Bitcoin (BTC), state media claim.State newspaper: “We must remain rational”As Reuters reported on Oct. 29 quoting local news outlet the People’s Daily, Beijing’s previously-announced support for blockchain should not be read as support for crypto.The People’s Daily is a publication under the direct…

In the current climate, which is pretty hostile for the digital assets industry following the failures of 2022, central bank digital currencies (CBDCs) are often perceived as “crypto killers.”This is hardly an overstatement, as financial authorities’ aspirations concerning CBDCs are relatively straightforward: return firmer control over the movement of money before it gets too decentralized.Governments…

“One of the reasons it is so successful is because it's simple,” he added while comparing the Unified Payments Interface's (UPI) growth with blockchain technology. 104 Total views 67 Total shares In discussion with the International Monetary Fund (IMF), T Rabi Sankar, the deputy governor of the Reserve Bank of India (RBI), reflected an anti-crypto…