Does Bitcoin’s Rally Vindicate the ‘Inflation Hedge’ Thesis – or Is Risk Back on the Menu?

markets View Bitcoin could end the five-year March losing streak with solid gains if resistance at $4,190 (high of last week’s inverted bullish hammer) is convincingly scaled in the next week or two. The cryptocurrency reinforced a bullish triangle breakout witnessed last week with a quick recovery from sub-$3,700 levels yesterday. This “buy the dip”…

The U.S. Securities and Exchange Commission sued Ethereum software provider Consensys over its MetaMask service Friday, alleging the wallet tool was an unregistered broker that "engaged in the offer and sale of securities." MetaMask also offered an unregistered securities program through its staking service, the SEC alleged in a filing in the courthouse in the

feature Summa co-founder James Prestwich wants to bridge the great divide: bitcoin vs. ethereum. Now two blockchain startups, Summa and Keep, are launching the Cross-Chain Working Group to bridge that divide with a protocol for using bitcoin on ethereum-based systems. The group hosted its first meeting on Thursday with more than 40 participants, including curious…

news Some of the world’s biggest banks are said to be investing around $50 million to build a blockchain-based digital cash settlement system. A Reuters report on Friday, citing “people familiar with the plans,” said possibly a dozen unspecified banks are involved in the project. The participating banks will reportedly be setting up a new…

Some are now forecasting an extension of Monday's 20% price drop as more bitcoin moves onto exchanges and institutional demand cools.Bitcoin prices over the last 24 hours(CoinDesk 20)Jan 13, 2021 at 12:13 p.m. UTCUpdated Jan 13, 2021 at 12:34 p.m. UTCAnalysts Are Gloomy About Bitcoin’s Short-Term Price Outlook Right NowThe near-term outlook for bitcoin has…

The collapsed financial firm had previously supplied cards to several cryptocurrency companies.Jan 25, 2021 at 12:46 p.m. UTCTwo Arrested for Orchestrating Escape of Wirecard Exec Accused of FraudTwo Austrian men accused of helping Wirecard’s former chief operating officer escape to Belarus have been arrested by police in Vienna.According to a report from the Financial Times…

Crypto firms were amongst the sectors that posed the greatest money laundering risk, according to a U.K. government report.The country has been trying to tackle crypto crime lately, and the police have stationed crypto tactical advisors across the country.Crypto firms, alongside retail banking, wholesale banking and wealth management, posed the greatest risk of being exploited

The average Ethereum transaction fee has passed $20 for the first time.Old gas pump(Tim MossholderUnsplash)Feb 4, 2021 at 9:02 a.m. UTCEthereum Transaction Fees Hit Record Highs As Ether, DeFi Coins SoarFees for transacting on the Ethereum network breached previous records, passing above $20 for the first time Thursday.As of 05:45 UTC, the average and median…

Ether to be a driver of Coinbase earnings, JPMorgan said.The bank also raised its price target for Coinbase to $150 from $95.The impact of ether appreciation is particularly meaningful, the report said.14:55Colorado Securities Commissioner Addresses Crypto Projects Who Raise Capital via Tokens00:59Would You Pay Your Taxes and DMV Fees With Crypto?00:54Here's Why Ether Could Surge