The singularity: How AI could become the final boss whale of crypto
World-renowned futurist Ray Kurtzweil says the singularity is coming sooner than expected.
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Bitcoin fails to beat $23.4K sellers as US payrolls upend inflation debate
Bitcoin (BTC) saw fresh rejection at $23,500 resistance on Aug. 5 as United States equities failed to embrace surprisingly strong payroll data.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Collapsing real wages" poke fun at payroll printData from Cointelegraph Markets Pro and TradingView followed BTC/USD as bears kept the market in its intraday trading range.Wall Street opened…
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Mainstream and Crypto Bear Markets Have Not Stopped Binance Expansion
Neither the crypto bear market of 2018 nor the current mainstream financial crisis have stopped crypto exchange Binance from expanding. Over the past three years, Binance has expanded its operation, even through a major crypto bear market. This trend has continued into the current coronavirus-induced mainstream financial crisis."We always continue to expand even during the…
I’m most bullish on Bitcoin price since 2015, says Abra CEO
The co-founder and CEO of one of the best-known Bitcoin (BTC) companies has revealed he is at his most bullish on the largest cryptocurrency in five years.In a series of tweets on Oct. 6, Bill Barhydt, the CEO of payments gateway Abra, highlighted a large number of indicators suggesting incoming BTC price gains.“I’ve never been…
Shift toward full decentralization pushes Maker (MKR) price above $4K
Stablecoins have become a significant foundational piece for the cryptocurrency sector because they serve as a deeply liquid base pair for most assets and also offer investors a secure place to capture gains. Data also shows that stablecoins play a significant role in functioning as a gateway for capital inflow to the crypto ecosystem.While the…
Ethereum price won’t see $2K anytime soon, market data suggests
Ether (ETH) price faced strong resistance at $1,920 after the 17.5% rally between June 15 and June 22. A number of factors contributed to the limited upside, including worsening macroeconomic conditions, the regulatory cryptocurrency environment, and weaker demand for decentralized applications (DApps) on the Ethereum network.ETH price faces macroeconomic headwindsOn June 26, a federal judge…
Coinshares Urges Customers to Fight UK Regulator’s Ban on Crypto ETNs
The United Kingdom’s Financial Conduct Authority (FCA) is proposing to ban cryptocurrency exchange-traded notes (ETNs) — but Coinshares, a U.K.-based regulated public exchange, disagrees with that proposal.Claims of insufficient evidence In a Sept. 23 letter on its website, Coinshares claimed the FCA has not provided enough evidence to justify the proposed ban on crypto ETNs — warning its…