Under Pressure: Bitcoin Price Could Defend $5.6K, Charts Say

Citigroup Inc., HSBC, BNY Mellon and other global financial giants have been experimenting with what they call a “regulated liability network” for conducting round-the-clock, wholesale payments using shared ledgers, and a paper released Thursday suggests the system has potential.Fitting somewhere in the middle of the debate between central bank digital currencies (CBDCs) and private stablecoins,…

Dec 12, 2019 at 19:45 UTCKraken CEO Jesse Powell at Consensus 2018, image from CoinDesk archivesKraken Job Ad Hints at Plan to Build Special-Purpose Wyoming BankKraken appears to be preparing to open a limited-purpose bank in Wyoming that would let it store customers’ fiat deposits – and possibly operate in New York without a BitLicense.The…

Mar 13, 2020 at 01:05 UTCUpdated Mar 13, 2020 at 01:07 UTCBELOW $5K: Bitcoin continued its tumble in late Thursday and early Friday trading hours. (Credit: CoinDesk Bitcoin Price Index)Bitcoin (BTC) and the broader cryptocurrency market continued this week's sharp decline, with the world's largest crypto falling to around $4,800.The crypto space echoed the broader…

Will Canny is CoinDesk's finance reporter.Pressure on zero-yield generating bank deposits is expected to continue, which makes ether (ETH) yields more attractive, Bernstein said in a research report on Monday.Currently, the flight is from bank deposits to the U.S. Treasury money markets, but as the ether yield economy becomes more mainstream, “it is hard not…

Mike Winkelmann sank into the sofa as three cameras recorded his meltdown. The dueling identities that had once structured his life were coming into conflict as his fortunes increased by the second. Unseen crypto billionaires were bidding for his soul, or at least it felt that way. His entire artistic career was being auctioned as

The market cap of altcoins is forming a bullish inverse head-and-shoulders pattern.A potential completion of the pattern would mark the beginning of alt season, according to one trader.A bullish inverse head-and-shoulders (H&S) price pattern is building in the combined market capitalization of altcoins. The term “altcoin” is short for “alternative coin” and refers to cryptocurrencies…

Cat-themed token POPCAT and dog-themed WIF jumped 25%, while smaller tokens MUMU and CATDOG were up 30%. The surge in Solana-based tokens contrasted with declines in major memecoins on other blockchains. Memecoins on the Solana ecosystem surged more than 30% in the past 24 hours, leading gains in the crypto market, as the network’s underlying

news The U.S. House of Representatives is launching a new task force aimed specifically at financial technology – including blockchain. The new task force, referred to as the FinTech Task Force, was established by the House Financial Services Committee by a voice vote Thursday, and will examine blockchain and cryptocurrency tools, among others. The task force…

Dec 14, 2020 at 5:49 p.m. UTCUpdated Dec 14, 2020 at 5:58 p.m. UTCU.S. Treasury Department seal (Bill Perry/Shutterstock, modified by CoinDesk using PhotoMosh) Blockchain Bites: Google Goes Down, Nexus CEO and US Treasury Get HackedHappy Monday. Or maybe not so happy, if you were depending on Google for your job. Here are our top…