History suggests Bitcoin poised for rebound in July

This is the latest issue of Finance Redefined, Cointelegraph's DeFi-centric newsletter delivered to subscribers every Wednesday.A relatively quiet week in DeFi finally has given me some breathing room to talk about a subject I’ve been postponing since almost the beginning of this newsletter, namely: What’s up with DeFi’s weird obsession with algorithmic stablecoins?There are so…

Norway-based internet browser company Opera has launched the iOS version of its mobile web browser, Opera Touch, according to a press release shared with Cointelegraph.Opera Touch reportedly supports the Ethereum (ETH) protocol and the Ethereum Web3 application programming interface (API). This means that the browser accommodates Ethereum-based decentralized applications (DApps) and all ERC-20 tokens, stablecoins,…

Arthur Hayes and Benjamin Delo will each have to pay a fine for their part in flouting the Bank Secrecy Act and operating what the DOJ called a “money laundering platform.” 267 Total views 13 Total shares The founders of crypto exchange BitMEX have pled guilty to violating the Bank Secrecy Act after a lengthy…

Korea’s largest power provider KEPCO says it will use blockchain and other innovative energy solutions to develop its next-generation micro grid (MG), according to an official press release Nov. 19.KEPCO is a $15.9 billion market cap corporation in which the South Korean government and state-controlled bank hold a majority stake; it has a “virtual monopoly”…

The Trump administration appears poised to grow its Strategic Bitcoin Reserve after the White House’s crypto council head suggested budget-neutral ways for acquiring the digital asset.  “There’s been countless ideas” about how the government can acquire more Bitcoin (BTC), Bo Hines, executive director of the President’s Council of Advisers on Digital Assets, said in an

The founder of ConsenSys-incubated startup Token Foundry, Harrison Hines, is suing Ethereum co-founder Joseph Lubin for breach of contract.Per court documents filed with the Supreme Court of the State of New York County of New York, Hines has filed a lawsuit against Lubin in connection with “breach of contract, conversion, quantum meruit, unjust enrichment, fraud,…

Bitcoin (BTC) volatility is declining on schedule but BTC price action could still “play catch up” with gold this year.The latest data and analysis shows that despite sideways moves in Bitcoin, the largest cryptocurrency is behaving as expected.BTC price volatility follows bear market patternWith traders frustrated by a lack of tangible moves on BTC/USD, volatility…

89% of China’s blockchain firms have allegedly tried to create their own cryptocurrency, according to a senior exec at a local blockchain association. According to the state-run CCTV on Nov. 21, Yedong Zhu, the president of the Beijing Blockchain Technology Application Association (BBAA), revealed that the vast majority of blockchain industry in China is focused on…