Bitcoin’s weekend rally fizzles under $64K — Pro traders take neutral positions
Professional Bitcoin traders have yet to hop on the wagon after BTC’s weekend rally. Cointelegraph explains why.
Related Posts
Court rules in favor of HelbizCoin investors, class lawsuit to go ahead
A United States District Court has allowed a nearly three-year-long class action lawsuit against the creators of HelbizCoin to go ahead, as per a court ruling filed on Sept. 1.The class action suit was first brought against Helbiz, its CEO Salvatore Palella, and its partners in 2020, with an amended complaint filed in March 2022.
Finance Redefined: Secret’s $400M fund, and 1inch expanding, Jan. 14–21
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.Following a bearish decline for many of the leading decentralized finance (DeFi) tokens, it is within the fundamental news where the optimism for growth and prosperity lies. Read on to hear about the most impactful DeFi stories of the last seven days.What you’re reading is the…
Jack Dorsey: You Can Buy a Fraction of Berkshire Stock or ‘Stack Sats’
Jack Dorsey, CEO of Twitter and Square, announced that Square’s Cash App is poised to enable users to purchase fractions of stocks — with an entry of as little as $1.In a tweet posted on Oct. 24, Dorsey wrote:“Now anyone can buy $42 or even $1 worth of Berkshire Hathaway A ($BRK.A, or $TSLA or…
Bitcoin bulls risk losing $365 million upon Friday’s BTC options expiry
Bitcoin’s (BTC) price action hasn’t been bullish despite the $69,000 all-time high on Nov. 10. Some argue that th descending channel formed 40 days ago is the dominant trend, and $56,000 marks its current resistance.BTC/USD price on FTX. Source: TradingViewSuch bearishness follows scrutiny from United States regulators, after a Nov. 1 report from the President’s…
ChainSwap raises $3M from investors including Alameda Research and NGC Ventures
The multi-chain bridge hub aims to bridge Ethereum and BSC and beyond. 1017 Total views 11 Total shares Cross-chain asset bridge and application hub ChainSwap has closed a $3 million strategic funding round with participation from some of the biggest names in decentralized finance and the crypto industry.In an April 7 announcement, ChainSwap stated that…
China Has 700+ Blockchain Companies, According to Industry Study
China Electronic Information Industry Development (CCID) announced on Oct. 27 that there are over 700 blockchain enterprises in China, with over 500 relevant investments reported.China sees aggressive blockchain developmentAccording to a collective study conducted on Oct. 24 by the Central Committee of the Political Bureau of the Communist Party of China, of the aforementioned 700…
20% of Binance’s new hires this year will be in compliance, says CEO
The company aims to increase its compliance workforce by 200 this year, along with another 800 staff in other departments.