BTC price needs to hold $70K next as Bitcoin weathers ECB rate cut

Bitcoin (BTC) inched higher at the Aug. 4 Wall Street open as mixed United States unemployment data rocked dollar strength.BTC/USD 1-hour chart. Source: TradingViewU.S. unemployment gives mixed pictureData from Cointelegraph Markets Pro and TradingView followed BTC price action as BTC/USD set daily highs of $29,273.U.S. jobless figures came in below expectations on the day, at…

In a recent panel, as part of a digital Unitize blockchain conference, ABI chief innovation officer Silvia Attanasio explained why the banking entity chose to go the decentralized blockchain route for Spunta — its blockchain solution built on enterprise blockchain platform Corda. If ABI had gone the decentralized route, the entity would have needed to locate a…

Acting Comptroller Brian Brooks continues his work to reach across the aisle with pledges from major players to support minority-owned banks. 2192 Total views 15 Total shares The U.S. Treasury's Office of the Comptroller of the Currency is expanding an outreach program designed to provide access to minority depository institutions, or MDIs.Per a Thursday announcement…

Square’s cryptocurrency-friendly payment app Cash App is reportedly testing a new feature allowing customers to buy and sell stocks.Expanding Cash AppCiting a source familiar with the matter, Bloomberg reported on Sept. 12 that the San Francisco-based startup’s employees began testing the new feature in recent weeks. Once released, it will allow Cash App users to…

Over the last few years, United States President Donald Trump’s tweetstorms have become a peculiar yet amusing feature of American public life. The president’s off-the-cuff comments have served a wide variety of purposes, from enriching political discourse with the mysterious term covfefe to delivering direct threats — furnished with proper capitalization — to the leadership of the…

Oil and gas giant ConocoPhilips has entered the Bitcoin mining business in a bid to profitably reduce carbon emissions. 57 Total views 4 Total shares International oil and gas giant ConocoPhilips is dipping its toes into Bitcoin (BTC) mining as a way to eliminate the wasteful practice of flaring.According to a report from CNBC, the…

Jose Fernandez da Ponte said it's crucial to engage with world leaders to understand industry's opportunities and challenges. 164 Total views 22 Total shares Major U.S.-based payment processor PayPal has assembled a team of industry experts to act as advisors on crypto, blockchain and digital currencies. In a Tuesday announcement, PayPal said the addition of six…

Institutional investment is increasingly being seen as the future of crypto trading, with both Binance and Bittrex launching their own dedicated over-the-counter (OTC) desks in January. The desk launches come after Morgan Stanley published a bullish report in November, showing a strong pattern of institutional investment for Bitcoin. The latest developments indicate that some of the world’s largest…