Breakdown Over? Bitcoin Indicators Suggest Price Outlook Is Improving

Oct 10, 2020 at 20:42 UTCThe rapidly growing city of Shenzhen will be giving away 10 million yuan (US$1.47 million) of China’s new sovereign digital money via lottery, as China seeks to test out and stimulate the usage of the digital funds, according to a report in the South China Morning Post. Winners will be…

Would you let a chrome, volleyball-sized sphere scan your retinas in exchange for crypto?That’s the interesting – and controversial – premise behind Worldcoin, a new project co-founded by former Y Combinator President Sam Altman.Depending on whom you ask, Worldcoin’s plan might sound futuristic and cool, a little silly, or like a dystopian nightmare ripped from…

Oct 12, 2020 at 14:59 UTCUpdated Oct 12, 2020 at 15:12 UTCGrayscale Managing Director Michael Sonnenshein (CoinDesk archives)Bitcoin and Ether Rally After Grayscale’s ETH Trust Becomes SEC-ReportingBitcoin (BTC) advanced to fresh two-month highs on Monday while ether (ETH) clocked three-week highs after Grayscale reported that its Ethereum Trust has become an SEC reporting company.BTC, the…

Marathon Digital (MARA), one of the largest bitcoin miners in North America, missed on both the top and bottom lines in its second-quarter earnings report on Tuesday. The miner reported an adjusted loss per share of $0.13 on revenues of $81.8 million compared to FactSet analyst estimates for a loss of $0.06 on revenues of…

news The government of Argentina is set to invest in early-stage blockchain startups backed by the venture arm of cryptocurrency exchange Binance. The country’s Ministry of Production and Labour announced Wednesday that it will match investments of up to $50,000 into every Argentinian blockchain project that receives funding from Binance Labs via the second season…

Bitcoin (BTC) has rallied by 85% in the first half of 2023, outperforming traditional risk assets by a significant margin. Still, technical analysis research provider Fairlead Strategies remains long-term neutral on the world largest cryptocurrency by market value.Per Fairlead, the long-term outlook will flip bullish once prices cross above "Ichimoku cloud" resistance at $31,900" and…

An important deadline looms at the end of this year for firms to comply with Europe’s update of its Transfer of Funds Regulation (TFR) to include crypto transactions. Notabene CEO Pelle Braendgaard believes Donald Trump will emulate what the European Commission is doing in order to bring trading volume back to the U.S. 02:38 'High

news A New York judge has rejected a New York Attorney General’s office request to have Bitfinex and Tether collect all documents pertaining to an alleged $850 million cover-up and $900 million line of credit. The NYAG’s office asked New York Supreme Court Justice Joel Cohen to order Bitfinex, Tether, and a number of other…

Sep 8, 2020 at 14:09 UTCUpdated Sep 8, 2020 at 14:31 UTCBratislava, Slovakia's capital (Pudelek/Wikimedia Commons)A small exchange in Slovakia has disclosed that hackers managed to break into its hot wallets and make off with approximately $1.6 million in various cryptocurrencies. Eterbase announced on its Telegram channel Tuesday that hot wallets for six of its…