Bitcoin’s Price Moves Below $8K as Bull Case Weakens

The so-called "dots" released Wednesday as part of the U.S. Federal Reserve's policy decision showed central bankers expect 75 basis points in rate cuts in 2024. That's up substantially from just 25 basis points expected by policymakers three months ago.The Fed's dot plot (Federal Reserve)Already in a sharp upswing since October on expectations of easier

Apr 17, 2020 at 14:00 UTCUpdated Apr 17, 2020 at 14:08 UTCCredit: Shutterstock/DimaBerlinResearchers in Spain are racing to develop a smartphone app that leverages blockchain technology and artificial intelligence to help stem the coronavirus pandemic.A team of more than 100 researchers from the Institute of Biomedical Research of Salamanca, the University of Salamanca and the Artificial Intelligence…

Getting past the House committee stage marks a major win for crypto legislation, but if the overall House approves them, the bills face a potentially hostile Senate and White House.Even if the debate stretches into another year, crypto lobbyists are cheering several Democrat lawmakers’ willingness to stand against their party to reject the status quo.The…

Apple CEO Tim Cook has disclosed that he owns cryptocurrency, but said the investment was from a “personal point of view” and not indicative of Apple having crypto ambitions.The comments came during the New York Times DealBook conference on Monday morning ET in a recorded interview with Andrew Ross Sorkin.Asked if he personally owns bitcoin…

Michael J. Casey is the chairman of CoinDesk's advisory board and a senior advisor for blockchain research at MIT's Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. Cash appears to be disappearing from China's teeming cities. Foreign tourists talk of struggling to…

The Bank of England (BoE) has set up a digital pound advisory group which it is currently recruiting for as the country enters the design phase for its central bank digital currency (CBDC), it announced on Wednesday.The bank along with the Treasury – the government's finance arm, which has been helping with the country's CBDC…

The U.S. Securities and Exchange Commission (SEC) has been investigating Binance.US since at least 2020, court filings published late Tuesday show.In the filings, the regulator detailed evidence hundreds of millions of dollars in profiteering by the crypto exchange.The SEC on Monday sued Binance’s U.S. and global entities, alongside its CEO Changpeng “CZ” Zhao, alleging that…

Stephen Alpher is CoinDesk's co-regional news chief, Americas. He holds BTC above CoinDesk’s disclosure threshold of $1,000.Fintech firm Block (SQ) reported $2.16 billion in bitcoin revenue in its Cash App unit during the first quarter, up 18% from $1.83 billion in Q4 and up 25% from Q1 2022, the company said in its shareholder letter…

Blockchain.com is the latest cryptocurrency exchange to pull the plug on XRP trading.The crypto exchange and wallet provider said Tuesday it will halt XRP trading on Jan 14. Users will be able to send XRP outbound even after that date, but deposits will not go through. Crypto exchanges have been dropping XRP support in droves…