BTC price risks 'double top' — 5 things to know in Bitcoin this week
BTC price disappoints with the weekly close, leading to accusations of a “dead cat bounce” from Bitcoin traders wary of new lows.
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ConsenSys Exec: Layoffs Did Not Exceed 10 Percent, Mainly Affect Support Staff
Recent layoffs at blockchain software technology company ConsenSys did not exceed 10 percent of staff. The company’s Executive Director of Enterprise and Social Impact Vanessa Grellet spoke to Cointelegraph about the recent developments at the Crypto Finance Conference in Switzerland on Jan. 18.Grellet said that the staff cuts were a “natural movement” and mainly affected…
Japanese Banking Giant, Others Donate $800K for Blockchain Course at University of Tokyo
The University of Tokyo will launch a blockchain course following a donation of nearly $800,000 from several companies, including Japanese banking giant Sumitomo Mitsui (SMBC) and the Ethereum Foundation, Cointelegraph Japan reports Nov. 21.In a Nov. 20 press release, SMBC lists five more contributors, apart from itself and the Ethereum Foundation, who contributed to the…
Could regulation have prevented Sam Bankman-Fried’s criminal verdict?
Former FTX CEO Sam Bankman-Fried dreamed of being the President of the United States, but his lawlessness eventually caught up with him. 113 Total views 1 Total shares Sam Bankman-Fried was found guilty of all seven counts of fraud and conspiracy to commit fraud in the late hours of Nov. 2. The jury delivered its
Former Polychain GP unveils $125M crypto fund with DAO governance ambitions
The fund will invest in blockchain projects specializing in L1 solutions, privacy technology, DeFi, gaming, NFTs and crypto social. 160 Total views 22 Total shares Former Polychain Capital general partner Tekin Salimi has launched a new blockchain-focused investment fund that will eventually be converted into a founder-owned decentralized autonomous organization (DAO), offering a novel way…
Huobi and Seychelles regulators can’t agree on where the exchange is registered
The major crypto exchange has long claimed registration in the famous offshoring haven. 1655 Total views 14 Total shares Disclaimer: This article's headline was updated to reflect new information regarding the FSA's statement. Despite long claiming to be compliant with local laws, Huobi has not registered with the proper authorities, according to regulators in Seychelles.On Monday,…
3 ways this Bitcoin bull run is different than late 2020
There's no doubting the BTC price upside, but under the hood, all is not what it seems, one analyst highlights. Bitcoin (BTC) is getting compared to late 2020, but this rally in fact has several major differences which make it “not normal.”According to Pete Humiston, manager of Kraken Intelligence Research, Bitcoin in Q3 2021 is…
Bitcoin only needs to break $64K to run to new all-time highs — Analyst
Bitcoin (BTC) stayed rangebound on Nov. 5 as fresh analysis argued that breaking $64,000 would produce a new all-time high.BTC/USD 1-day candle chart (Bitstamp). Source: TradingView“So near yet so far” for BTC price all-time highData from Cointelegraph Markets Pro and TradingView showed BTC/USD drawing little attention as it tracked sideways around $61,000.After multiple days of…
Clues to Explain Yesterday’s Bitcoin Hash Rate Flash Crash
The Bitcoin (BTC) network’s hash rate suffered a mysterious flash crash on Sept. 23, in a sudden intraday plummet from 98,000,000 TH/S to 57,700,000 TH/s.By press time, levels have recovered back to 92,800,295 TH/S— yet remain shy of their recent record of 102,848,135 on Sept. 18, as data from Blockchain.com reveals:Bitcoin network hash rate, Oct.…