Ethereum futures markets suggest rally to $3.7K is highly unlikely

Bitcoin (BTC) plans to move higher and further squeeze bears in the short term, several price indicators suggest.As the week begins, a group of measurements — some surprisingly accurate historically — are combining to make traders firmly bullish on BTC.Guppy repeats April 2019 bull signalLeading the positive signs is a useful but somewhat forgotten indicator…

Global banking regulator Basel Committee on Banking Supervision (BCBS) calls for a conservative prudential treatment framework for crypto assets.The Basel Committee — which includes banking regulators from the United States, Europe and Japan — published its report on the prudential treatment of crypto assets. The study was first announced in November, as Cointelegraph reported at…

Hackers transferred roughly $12M from wallets connected to the Bitfinex breach, in which 120,000 Bitcoin was stolen in August 2016. Someone with access to the 119,756 Bitcoin stolen from crypto exchange Bitfinex in 2016 moved $12 million to unknown wallets in the last six days.According to a series of tweets posted by Whale Alert on…

Digital asset-focused Swiss Bank, Sygnum, has teamed up with art investment firm Artemundi to offer fractionalized ownership shares in a Pablo Picasso painting for $6,000 each.Shares representing ownership over $3.68 million Picasso painting, “Fillette au béret,” will be tokenized and issued via blockchain technology, allowing a wide variety of investors to gain exposure to the…

Electronic devices were seized from former Kraken CEO Jesse Powell’s Los Angeles home in connection to a non-crypto-related investigation into alleged hacking and cyberstalking. The United States Federal Bureau of Investigations (FBI) reportedly searched the home of Kraken co-founder Jesse Powell in March as part of an investigation into claims he hacked and cyber-stalked a…

The Ethereum Merge could force many crypto miners to give up and abandon their expensive mining rigs amid a race to the bottom for profits. 6716 Total views 22 Total shares The Ethereum network’s transition from a proof-of-work (PoW) consensus is likely to flood the crypto industry with out-of-work Ether (ETH) miners, causing severe disruption to…

Democratic 2020 presidential candidate Andrew Yang has outlined how he plans to regulate the cryptocurrency industry.Promise to promote legislation on cryptocurrenciesOn Nov. 14, Yang, an entrepreneur, lawyer, philanthropist and a Democratic candidate in the 2020 United States presidential election, wrote in a Nov. 14 blog post on the tech industry that cryptocurrencies experience the levels…

Binance CEO Changpeng Zhao allegedly has connections to two market makers buying and selling crypto on Binance.US. 266 Total views 4 Total shares The U.S. Securities and Exchange Commission has reportedly launched a probe into major crypto exchange Binance's U.S. arm regarding trading firms connected to Binance CEO Changpeng Zhao.According to a Tuesday report from…

The Bank of International Settlements (BIS) has warned that the financial services poised to be offered by big tech firms such as Facebook, Google and Amazon could generate new risks for the banking sector.The BIS — an international financial institution in Switzerland owned by 60 of the world’s central banks — published a report outlining…