Bitcoin’s Price Moves Below $8K as Bull Case Weakens
Bitcoin’s price faces the risk of a deeper drop as an extended period of low volatility action has ended up making way for a downside move.
Related Posts
Greenidge Generation Holdings to Expand Into Texas, Acquire South Carolina Site
Bitcoin mining company Greenidge Generation is eyeing expansion into Texas and buying a site in South Carolina.The Nasdaq-listed firm (NASDAQ: GREE) announced Thursday it is entering into an agreement regarding potentially constructing new data centers in Texas.It also agreed to acquire printing company LSC Communications’ facility in South Carolina. It had originally thought to lease…
New Zealand Tax Office Makes It Legal to Pay Salaries in Crypto
news New Zealand’s tax office, the Inland Revenue Department (IRD), has made it legal to receive salaries in cryptocurrency, and be taxed accordingly. In its August bulletin, the agency published a new ruling under the Income Tax Act (in relation to section RD 3) that states that an employee can be paid salaries in crypto…
Bitcoin Traders Remain Fearful of ‘Tail Risk’ Amid Renewed Price Lull: Observers
Relative richness of out-of-the-money call and put options tied to bitcoin suggests traders are pricing in "tail risk" in the bitcoin market.Tail risk suggests a higher possibility that an investment will move more than three standard deviations from the mean.They call it tail risk in the crypto market: the risk of an asset moving three…
DeFi Protocol Balancer Says Web Front End Is ‘Under Attack’
Decentralized trading protocol Balancer said its web front end is suffering from an exploit and urged users not to interact with the website.Currently, tweets from Balancer and a warning from the Metamask wallet suggest the Balancer URL, or web address, has suffered a redirect attack and users are being sent to a malicious page rather
Why Prime Brokers Could Be a Source of Crypto Contagion
Digital asset markets have been vibrant recently, and this has been a great respite after almost two years of crypto winter. I do not want to throw a wet towel on current sentiment, but it is good to remember that the seeds of the next crash are often sown during the good times.Because risk management
Promoting a New Token? Satoshi’s Treasure Wants You to Gamify It
Follow usGet the Latest from CoinDeskSign up for our newsletterDailyMarketsInstitutionalBy signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policyPlease enter a valid email address
Judge Orders Bitfinex to Turn Over Tether Loan Documents (Again)
Sep 17, 2020 at 19:44 UTCUpdated Sep 17, 2020 at 19:46 UTCJudge Orders Bitfinex to Turn Over Tether Loan Documents (Again)Bitfinex and Tether must turn over documents detailing their financial relationship and history to the New York Attorney General’s office (NYAG), a New York Supreme Court justice ruled again on Thursday. Judge Joel M. Cohen,…
US Treasuries Spearhead Tokenization Boom
If the 2021 bull run was known for cartoon apes, meme coins, and gushing endorsements from celebrities, the next wave of crypto adoption -- or even “crypto spring” -- could come from something less sexy but more substantive: the tokenization of RWAs, or Real World Assets. At least that was my thesis earlier this year