RSI hints at classic BTC price breakout — 5 things to know in Bitcoin this week
The stars are aligning for BTC price action as traders pin hopes on the Bitcoin bull market finally returning.
Related Posts
Privacy or policy? Why Facebook’s crypto wallet, Novi, is facing resistance
The stablecoin market has grown exponentially over the last few months due to the numerous advantages blockchain-based versions of fiat currencies have. But, when Facebook launched its cryptocurrency wallet Novi using Paxos’ stablecoin, some United States senators were quick to oppose it. Are they concerned about user data or monetary sovereignty?The social media giant which,…
UK FCA wants to include crypto firms in financial crime reporting rules
The U.K.’s financial watchdog wants crypto firms to submit annual financial crime reports to help it cement a data-led approach to regulation. Cryptocurrency firms in the United Kingdom could soon be faced with more extensive Anti-Money Laundering (AML) reporting requirements.In a consultation paper published this month, the Financial Conduct Authority proposed broadening annual financial crime…
Jack Dorsey’s Spiral demos Bitcoin Lightning Development Kit
A puppet of Jack Dorsey has been used to explain the Lightning Network in a new video promoting Spiral’s LDK. 608 Total views 6 Total shares The crypto arm of the recently rebranded Square (now Block) has demonstrated its Lightning Development Kit (LDK) as it aims to turbocharge the Bitcoin network. The team from Jack Dorsey’s…
What death spiral? Bitcoin mining difficulty rises by 9% since halving
After the May 11 halving, some skeptics speculated that miners would capitulate or that the entire process would enter a death spiral. Fast-forward three months and the Bitcoin (BTC) hash rate is at a record high.An all-time high hash rate and a stable Bitcoin mining industry are both positive signs for the medium to long-term…
Revolut Will Make Crypto Available in 50 States
Revolut is coming to the smartphone near you with an array of cryptocurrencies before tax day. Having just raised $500 million on a $5.5 billion valuation, Revolut is one of the biggest fintechs in Europe. Revolut is a neobank: simply, a bank without the expense and convenience of physical branches or the headache of licensing.Revolut…
Retail Giant Carrefour Applies Blockchain for Tracking Milk Product Supply Chain
French retail giant Carrefour has continued blockchain development by applying the technology for tracking milk, according to a press release published on March 1.Starting from March, the retail giant is gradually rolling out its new blockchain-powered product, Carrefour Quality Line (CQL) micro-filtered full-fat milk. CQL is touted to guarantee consumers complete product traceability across the…
Bitcoin Price Holds Key $5.9K Support, Avoiding a Retest of Recent Lows
As the Coronavirus pandemic continues to unfold, markets, both traditional and crypto, remain highly unpredictable. Even gold has failed to provide safety for investors and Bitcoin is undergoing a demanding test as a new asset class in an unprecedented health and financial crisis.Crypto market daily performance. Source: Coin360As traditional markets gear up for another week…
Canaan IPO Class Action: Shareholders Must Decide Who Will Represent Them By May
Law firm Robbins Geller Rudman & Dowd LLP announced on April 7 that the lead plaintiff motion deadline in the Canaan securities IPO class action lawsuit was set for May 4, 2020.The Canaan’s litigating stakeholders in the “Lemieux v. Canaan Inc.” case are expected to decide who will represent their interests, as they were accused that…