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

Animoca is bucking the trend of Hong Kong's TradFi sector, expanding as banks contract. Hong Kong is part of Animoca's DNA, and while the firm was once tempted to leave the city during COVID, it's staying put. Hong Kong is feeling the ripple effects of a slow mainland Chinese economy, and its financial sector as

news Nearly 2.7 trillion won ($2.3 billion) have been lost to crimes involving cryptocurrency in the last two years, according to South Korean government data. Figures provided by the country’s justice ministry on Sunday indicate that losses from crypto scams, Ponzi schemes, embezzlement and illegal exchange transactions came to 2.69 trillion won from July 2017 to…

news Crypto lending startup BlockFi has gathered another $18 million of bitcoin and ether deposits since last month, bringing its total interest-earning accounts to $53 million. The company also lowered its minimum balance to earn interest on bitcoin from 1 BTC to 0.5 BTC and expanded its operations to India, meaning its service is now available…

news Facebook has reportedly revealed the percentage breakdown of a basket of global currencies that will underpin its Libra cryptocurrency. While it’s already known that 50 percent of the basket will be on the U.S. dollar, the German newspaper Der Spiegel said in a report on Friday that the remaining portion will consist of the euro, the yen, the…

Julian Assange's wife Stella earlier this week made an "emergency appeal" to raise £520,000 to cover the cost of a private jet for Julian Assange to travel from the UK to Saipan and then to Australia. One donor alone sent just over 8 bitcoin worth roughly $500,000. The WikiLeaks co-founder reached a plea deal with

Andre Cronje has little good to say about crypto tokens. This summer, when every decentralized finance (DeFi) startup on Ethereum started goosing their growth with “governance” tokens, Yearn Finance‘s creator, Andre Cronje, dropped a growth token on it without reserving any of them for himself.This article is part of CoinDesk's Most Influential 2020 – a list…

news Ripple has opened a new office in Washington, D.C. in a bid to strengthen its advocacy efforts for blockchain and cryptocurrency. Announced on Tuesday, the blockchain payments technology provider said the new premises near the heart of U.S. government comes alongside expansion of its global regulatory team as it ramps up efforts to educate policymakers…

news Calastone, a transactions network for the mutual funds industry, has moved to its own blockchain-based settlement system, the firm announced Monday. The new system, the Distributed Market Infrastructure (DMI), is designed to enable cheaper, “friction-free” trading, settlement and servicing of funds in real-time, the firm said. London-headquartered Calastone serves over 1,800 customers across 41 countries,…

Mar 5, 2020 at 15:15 UTCUpdated Mar 5, 2020 at 15:30 UTCCrypto software firm Zabo, which claims it can connect bank accounts directly to cryptocurrency wallets, raised $2.5 million to build out its engineering team and add new customers.The Dallas-based firm announced Thursday it had successfully completed a funding round, with participation from Castle Island…