Coinbase Resumes Bitcoin Buying and Selling in Wyoming
Three years since Coinbase pulled out from Wyoming, it is now returning to the Cowboy State after renewing its money transmitter license.
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First Mover Asia: Large Bitcoin Holders Content to Hold Long Positions Amid Regulatory Turmoil
Good morning. Here’s what’s happening:Prices: Bitcoin and other cryptos stabilize after Wednesday afternoon dip. BTC regains $25K.Insights: Increasing U.S. regulatory scrutiny leaves large bitcoin holders unmoved.Bitcoin Regains $25K After DipBitcoin regained $25,000 after a late Wednesday dip, fueled by fears about a renewal of central bank hawkishness later this year, sent the price below the…
Crypto Trading Firm B2C2 Eyes Prime Brokerage Space With $30M Stake Sale to SBI
Jul 1, 2020 at 10:04 UTCUpdated Jul 1, 2020 at 10:12 UTCB2C2 founder Max Boonen (CoinDesk archives)Japanese financial firm SBI Holdings has agreed to take a $30 million minority stake in institutional cryptocurrency trading platform B2C2. The deal also sees the two entities launch a new strategic partnership, under which B2C2 will provide crypto liquidity…
Bitcoin Rebounds to $65K as Investors Weigh Looming Fed Decision Risk
Bitcoin slightly rebounded after dipping over 15% from last week's record as investors trimmed risks.Wednesday's Fed decision poses a risk for crypto asset prices, with concerns over a less investor-friendly stance due to strong U.S. economic data and sticky inflation, LMAX Group market strategist said.Bitcoin (BTC) price rebounded to near $65,000 from its overnight lows
Taproot Wizards, Bitcoin Ordinals Project That Raised $7.5M, to Sell ‘Quantum Cats’ Collection
Taproot Wizards, which capitalized on last year's frenzy in Bitcoin Ordinals inscriptions to raise $7.5 million, is now moving forward with its first sale of a collection, Quantum Cats.The series includes 3,333 of the cats, designed to honor a Bitcoin improvement proposal known as OP_CAT, according to a press release.Ordinals inscriptions, sometimes known as "NFTs
A16z, Polychain Invest $25 Million in Crypto Payments Startup Celo
news Andreessen Horowitz’s cryptocurrency fund A16z Crypto and venture capital firm Polychain Capital have invested $25 million in cryptocurrency payments startup Celo. Celo announced Tuesday that the two investors have purchased $15 million and $10 million in the project’s Celo Gold tokens, respectively. The token-based funding effort also saw participation from “several other leading institutions”…
Bitcoin ETFs Flows Could Propel BTC Prices to $112K This Year: CryptoQuant
Bitcoin prices could top out at the $112,000 level if current buying pressure from ETFs continues.The “worse case” scenario is at least $55,000, which is still a nearly 15% rise from current levels.Bitcoin prices could touch $112,000 this year if the current trend of inflows related to spot exchange-traded funds (ETFs) continues, on-chain data provider
Bitcoin Options Traders Shrug Off Post-CPI Choppy Price Action
In financial markets, traders are constantly reading between the lines to gauge what's coming next. So when a rising market fails to respond to a positive piece of news, traders tend to take it as a sign of an impending trend reversal lower and become cautious.But that's not always the case. Bitcoin's options market shows…
$9,650: Bitcoin Price Dips Below Key Long-Term Support
news View Bitcoin has dipped beneath the 100-day moving average, potentially opening the doors to support near $8,500 if the bulls can’t keep prices above the MA. Total weekly volume for the bears is lower than expected, offering a small hope for a bullish rebound. Price would need a firm close above the 100-day MA…