Was sub-$60K a bear trap? 5 things to know in Bitcoin this week

Meme coin fans think “serious” crypto investors are mid-curving it. Serious crypto investors think meme coin fans are idiots.

Bitcoin price briefly rallied above $60,000 but analysts say bulls are holding dry powder until after the March BTC futures expiry. 6516 Total views 19 Total shares Bitcoin (BTC) briefly reclaimed the $60,000 level on March 18 as concerns over the strength of the equities market mount due to rising U.S. Treasury yields. Data from Cointelegraph…

FairX, a financial services company involved with banking and digital assets, has shut down its operations as it failed to establish a licensed national bank.According to a FairX Twitter thread on July 19, the company has fallen short of setting up a licensed national bank due to a lack of funding. FairX was trying to…

Bitcoin has been stuck inside a tight range in August. Glassnode lead on-chain analyst Checkmate highlighted that the spread between the upper and lower Bollinger Bands for Bitcoin has shrunk to 2.9%, its third-tightest ever. Typically, periods of low volatility are followed by a range expansion. The longer the time spent inside a range, the stronger the…

Despite rejecting rumors the e-commerce giant will soon support Bitcoin payments, a spokesperson for Amazon has said the firm is still interested in the crypto space. 1141 Total views 17 Total shares Amazon has refuted recent speculation it may be readying to support Bitcoin payments, asserting it currently has no plans for BTC.According to a…

Blockchain-powered freelancers marketplace Moonlighting is set to migrate its 700,000 user accounts to Eos (EOS) developer Block.one’s Eos.io protocol. The development was announced in a press release shared with Cointelegraph on April 11.Moonlighting’s move comes as part of a new strategic partnership with Block.one’s venture capital fund Eos VC Fund and fintech incubator and VC…

According to price data from CoinGecko compiled by CoinGoLive, the current bear market has seen a whopping 72 out of top-100 tokens fall more than 90% from their all-time highs.The larger cap coins are faring better than most. Among the top ten cryptocurrencies by market cap, nine have dipped less than 90% during the current…

The FAB pilot follows Bank ABC’s in Bahrain. JPMorgan also just launched its Tokenization Collateral Network on Onyx. 92 Total views 1 Total shares JPMorgan’s Onyx Coin Systems has scored another win in the Middle East with the completion of a blockchain-based cross-border payments pilot project with First Abu Dhabi Bank (FAB). The pilot phase

Metaverse Game Studios announces partnership with blockchain gaming platform ImmutableX to power upcoming Web3 gaming title Angelic. 818 Total views 3 Total shares Own this piece of crypto history Collect this article as NFTDevelopers behind popular video games such as Far Cry and Diablo Immortal are making use of blockchain technology to build a new…