Bitcoin traders express optimism even as BTC price targets shift lower

Lawyers for Bitfinex and Tether, in the course of an ongoing case against the New York Attorney General (NYAG), submitted multiple fillings on July 22 alleging that the companies never served customers within New York. In one filing, attorney Stuart Hoegner noted the provision in Bitfinex’s terms of service that require that customers that transact be…

Changpeng Zhao, founder and CEO of crypto exchange Binance, says the Chinese President’s endorsement of blockchain will inevitably drive mass adoption of crypto.In an interview with Bloomberg Markets: Asia on Nov. 15, Zhao — better known by his industry moniker “CZ” — gave his perspective on the likely global impact of the recent intervention by…

Since 2017, investors have been anxiously awaiting a Bitcoin ETF approval as the existence of such a fund was an important symbol of mass adoption and acceptance from the realm of traditional finance. On Feb. 18, the Toronto Stock Exchange hosted the official launch of the Purpose Bitcoin ETF and the fund quickly absorbed more than…

According to Bloomberg, the narrowest ever bollinger bands suggest that Bitcoin is consolidating for a major breakout. 2867 Total views 31 Total shares Bloomberg remains optimistic about Bitcoin (BTC) as long as it stays above a key resistance level.Bitcoin Bollinger Bands. Source: BloombergThe latest report by Bloomberg analyst, Mike McGlone, contends that Bitcoin is consolidating.…

Upstart crypto company Saga wants to issue a new global currency on the blockchain. Just don’t call it a stablecoin.Saga’s SGA digital currency relies on an international reserve asset called Special Drawing Rights (SDR), which was introduced by the International Monetary Fund in 1969. This is a conventional basket of major world currencies — the…

One month on, a Redditor who “lost” 4 Bitcoin (BTC) on the Lightning Network has published advice based on his experience.In a thread posted to the r/Bitcoin community on Dec. 1, Redditor ZipoTm revealed that the Lightning community had given him “huge support” by helping him to save his coins, with most of them now…

The French presidency of the European Union winds down with the completion of wCBDC experiments, the design of a proprietary blockchain and an automated market maker platform. 231 Total views 3 Total shares The first phase of experiments with a wholesale digital euro has been completed, and Phase 2 experiments will begin this year, Banque…

French Finance Minister Bruno Le Maire has said that Europe should consider its own “public digital currency” that could challenge Facebook’s Libra.The Minister’s remarks — the latest in a series of vocal misgivings about the social media giant’s cryptocurrency plans — were reported by Reuters on Sept. 13. “EuroCoin”?  vs. the tech titanAt a meeting of…

Craig Wright, an Australian computer scientist who has sometimes claimed to be Bitcoin (BTC) creator Satoshi Nakamoto, has reportedly applied for a slew of blockchain-related patents since 2017. Tech news site The Next Web (TNW) published its research regarding Wright’s patent filings on March 18.TNW reports that, since August 2017, the World Intellectual Property Organization…