Traders eye $71.5K Bitcoin price as open interest jumps 13%

Bitcoin (BTC) dropped from a high of $47,200 on April 5 to a low of $42,107 on April 8, indicating possible selling by short-term traders who may have preferred to lock in their profits. However, the price action is still stuck in a tight range during the weekend, indicating that supply and demand are in…

LINE Pay Corporation, the operator of fintech services on major Japanese messaging app LINE, is partnering with American payment services firm Visa on new blockchain and digital payments solutions. The news was revealed in a press release shared with Cointelegraph on June 6.As of Q4 2018, there were an estimated 1.66 billion Visa debit cards…

China has been increasing its regulatory pressure on crypto firms to help Chinese citizens stay clear of high-risk investments. 425 Total views 3 Total shares Bitcoin (BTC) maximalist and Ballet CEO Bobby Lee recently discussed the implications of China’s ongoing crackdown on cryptocurrency. Despite the government’s support for a digital renminbi, Lee suggested that Beijing has…

The S&P 500 Index is extending its recovery, boosting buying in Bitcoin and select altcoins in the near term.

According to CME, the amount of Bitcoin (BTC) long contracts held by institutions are at an all-time high. Yet, CME’s most recent Commitment of Trader report shows hedge funds are at a record-high for BTC shorts.There seemingly is a major difference in the perception of Bitcoin’s short to medium-term trend between hedge funds and institutions.CME…

Blockchain company Iconloop has secured 10 billion Korean won (KRW) (over $8 million) from seven investment companies participating in a Series A funding round.Per an Oct. 10 announcement, it was Iconloop’s first venture capital investment since its establishment in 2016, with the participation of companies such as Korea Technology Finance Corporation (KOTEC) and T.S. Investment,…

Coinbase, a major American cryptocurrency exchange and wallet service, has not acquired digital currency brokerage firm Tagomi.On Nov. 29, sources told CoinDesk that Coinbase acquired Tagomi for $150 million that morning, following purported negotiations between the firms last month. According to The Block, Tagomi’s lending and borrowing services made it a tempting target for an…

Square Capital, a crypto-friendly payment firm founded by Twitter CEO Jack Dorsey, is purportedly among the first Bitcoin (BTC)-related companies joining the United States federal emergency lending program.The firm has received U.S. Treasury and Small Business Administration (SBA) approval to become a lender under the federal Paycheck Protection Program (PPP).Square to start rolling out PPP…