Sub $50K Bitcoin correction remains in play as whales look to sell BTC

A descending triangle pattern has been pressuring Bitcoin (BTC) for the past three weeks and while some traders cite this as a bullish reversal pattern, the $19,000 support remains a crucial level to determine the bulls' fate. BTC-USD 12-hour price. Source: TradingViewDespite the apparent lack of a clear price bottom, Bitcoin derivatives metrics have significantly improved…

Kriss Baird, the principal figure of Cardano’s Project Catalyst, spoke with Cointelegraph about the initiative, the extent of the collective’s involvement in shared resources and the direction of the platform’s development. 598 Total views 4 Total shares While the prevailing traditional financing models resulted in the crypto and blockchain sector raising billions of dollars over

A stabilized coin, together with Bitcoin, might be the answer to fiat currency hyperinflation, says the founder of Saga. 1453 Total views 47 Total shares Ido Sadeh Man, founder of the global stabilized digital currency, Saga, spoke with Cointelegraph in an interview on May 15. During the interview, he said that a digital currency backed…

Japanese e-commerce conglomerate DMM.com Ltd. will shut down its crypto mining business, citing deteriorating profitability as the main cause. Local business magazine Toyo Keizai reported the shutdown on Dec. 30.The decision was reportedly taken in September 2018, and initial steps to dismantle mining operations — including selling the company’s mining hardware — will reportedly extend…

To stand out in a saturated market, NFT startups should focus on real use cases, according to COO at NFTY Labs, Titan Inc. Transitioning from static digital collectibles to tokens with real utility will lead to a new generation of NFTs according to Tytan Inc the COO of NFTY labs, a platform focused on building…

The acquisition of the Dutch broker firm is a key part of the exchange’s European expansion strategy ahead of the MiCA regulation.

Vctrade, a crypto exchange recently launched by Japanese financial giant SBI Holdings, has implemented Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) deposits. The company has revealed this in a press release published Dec. 21.The announcement further notes that the exchange — which was launched in July — is considering adding Bitcoin Cash (BCH) deposits after…

Bitcoin (BTC) held closer to the $40,000 mark on Dec. 3 after weekend gains reinforced a “strong” uptrend.BTC/USD 1-hour chart. Source: TradingViewBitcoin leaves $60 million in shorts hangingData from Cointelegraph Markets Pro and TradingView tracked a fresh BTC price surge, which took BTC/USD to new 2023 highs of $39,730.These built on upward momentum, which had

BlackRock has revised its spot Bitcoin (BTC) exchange-traded fund (ETF) application to make it easier for Wall Street banks to participate by creating new shares in the fund with cash, rather than just crypto. The new in-kind redemption “prepay” model, will allow banking giants such as JPMorgan or Goldman Sachs to act as authorized participants