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

What a new package including more direct payouts to citizens plus big infrastructure spending mean for bitcoin and markets as a whole.This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co.Today on the Brief:U.S. loses 140,000 jobs in DecemberChamath’s SoFi SPACA SPAC for BakktOur main discussion: upcoming stimulus plans As the dust…

Bitcoin mining machines (Michal Bednarek/Shutterstock)Canaan, a maker of equipment for the mining of bitcoin, announced on Tuesday its board of directors has approved a share repurchase program of up to $10 million, or about 3.3% of outstanding shares. Based in China but listed on the Nasdaq exchange last year, Canaan’s shares have consistently traded below…

When people hear the two words “smart contract” they tend to think immediately of DAOs, DEX’s, and NFTs largely found on Ethereum. But that's about to change. In 2024, we can expect Bitcoin to take the lead in drawing developers to build on the network due to superior security founded in its proof-of-work consensus method

For a small but growing community of users in the occupied Palestinian territories of the Gaza Strip and the West Bank, bitcoin has become a lifeline. Ahmed Ismail, a financial analyst in Gaza, estimated there are at least 20 unofficial "exchange" offices there dealing cryptocurrency to local users. Ismail himself helps 30 clients use bitcoin…

Craig Wright has dropped his appeal against Hodlonaut in Norway.The decision to drop the case comes a month after a U.K. judge definitively ruled that Wright is not the inventor of Bitcoin.Craig Wright has dropped his appeal against Norwegian bitcoiner Hodlonaut, ending a nearly five-year-long legal battle over a series of social media posts in

Gyroscope is debuting a high-yield liquidity pool that seeks to generate returns from trading, rehypothecation of assets and loyalty points.Backers call the new product extremely capital efficient.Stablecoin project Gyroscope is out with a new piece of trading infrastructure that its developers say will improve capital efficiency for crypto users seeking yield.00:52Existing Stablecoin Models Are Not

Nov 19, 2020 at 9:47 p.m. UTCUpdated Nov 19, 2020 at 10:10 p.m. UTC(Photo by Mathew Schwartz/Unsplash)Travel Tech Firm Monaker Group Eyes Regulated Thai ICO MarketMonaker Group, which builds booking platforms for the travel industry, is venturing into tokenized assets with the indirect acquisition of Thailand’s Longroot initial coin offering (ICO) portal.The Nasdaq traded company…

Sam Bankman-Fried has inked a settlement agreement with a group of FTX customers who have agreed to drop their class action lawsuit against him in exchange for his help going after celebrity promoters of the collapsed exchange.The agreement, filed in a Miami court on Friday, has not yet been approved by a judge. If approved

Dec 13, 2019 at 11:15 UTCUpdated Dec 13, 2019 at 11:03 UTCBitcoin risks revisiting Thursday's low of $7,072, having charted a shallow bounce in the last 24 hours. The three-day chart indicates scope for a deeper drop toward recent lows near $6,500.A climb to $7,400 cannot be ruled out if the newfound hourly chart resistance…