Blockchain

Mike Novogratz, CEO of financial services firm Galaxy Digital, recently expressed his usual bullish Bitcoin sentiments on CNBC’s Squawk Box morning show. During the short segment, the show’s interviewer asked Novogratz about Bitcoin (BTC) in relation to gold. He noted that big players are seemingly buying crypto after selling their gold investments, with gold recently seeing

U.S. digital currency exchange Coinbase has outlined plans for supporting Ethereum 2.0 staking rewards — possibly setting the stage for even wider adoption of the smart contract platform.  In an official blog post, Coinbase says it plans to roll out Eth2 staking, trading and conversion services starting in early 2021. Once Eth2 is supported, existing Coinbase

In the midst of the crippling price dips earlier this week, cryptocurrency traders seemed beset on all sides by fear, uncertainty, and doubt. However, Dermot McGrath, head of research at blockchain investment firm Sino Global Capital, said the firm prefers taking a long term view.  Shortly after a Thanksgiving Bitcoin dip to $16,200, news broke

An SEC filing on Friday indicates that the next Wall Street institution to take a public position in Bitcoin may also be among the largest yet: the $275 billion financial services firm Guggenheim Partners.  The Guggenheim filing allows the Macro Opportunities fund to purchase GBTC, a publicly-traded Bitcoin investment vehicle from Grayscale, at an indeterminate

There was a time when BitMEX derivatives exchange reigned sovereign over other exchanges, and the company effectively held a 50% market share until July 2019. For this reason, traders kept a close eye on every indicator connected to BitMEX, including its funding rate, open interest, and basis. Open interest measures the total number of contracts

According to data collected from 1000+ crypto social media channels, the average crowd sentiment towards Bitcoin adapted from slightly bullish to overwhelmingly bullish over the days leading up to Thursday’s dramatic pullback, mirroring the levels previously observed during its May and August price tops, respectively.  The latest findings by Santiment, published in Cointelegraph Consulting’s biweekly

Bitcoin Tuesday, scheduled for Dec. 1, aims to become one of the largest cryptocurrency fundraisers in history.  The Giving Block, a crypto donations company, has secured partnerships with over 120 nonprofits and 30 blockchain companies to spearhead Bitcoin Tuesday — a one-day event that promotes charitable giving via cryptocurrency. Some of the biggest names in

The U.S. national security apparatus is warning other agencies about China’s coming digital currency.  On Wednesday, news outlet the Washington Examiner reported on a letter that National Intelligence Director John Ratcliffe had send Securities and Exchange Commission Chairman Jay Clayton earlier in the month. According to the report, Ratcliffe offered to have staff brief Clayton

Per an announcement and series of filings on Wednesday, the U.S. Department of Justice is calling shenanigans on Intuit’s ambitions, at least in part. Intuit owns a stable of user-facing finance software, including budgeting app Mint, digital DIY tax software TurboTax, and QuickBooks, for business accounting. The firm initially announced its acquisition of Credit Karma back

Bitcoin (BTC) traders are pinpointing the order books of major exchanges that show the $19,500 level is a near-term resistance level. Bitcoin rejects $19,500 for now On Nov. 25, Bitcoin price was rejected at $19,500 with a relatively large volume across top spot exchanges. On Binance, for example, BTC price hit $19,484 before seeing a

The Libra Association, which manages Facebook’s quiet cryptocurrency project, has appointed a general counsel to oversee the development of its forthcoming payment system.  In an official press release, the Libra Association Wednesday introduced Saumya Bhavsar as the new general counsel of Libra Networks, the entity charged with operating the blockchain-based payment system. Bhavsar comes with

The crypto market has been in a strong bull run over the past few days and that has pushed Bitcoin (BTC) to its second-best day ever. Almost every trader now seems to be fixated on the magical figure of $20,000 per BTC. After such a sharp up-move, some traders are calling for a top while others are

The price of Ether (ETH), the native cryptocurrency of Ethereum, has surpassed $547. Following the breakout, traders are pinpointing several key resistance levels in the near term. In the short term, traders generally foresee $600 as the major resistance area for Ether as it marked the beginning of a bearish trend starting in May 2018.

Earlier today the price of Bitcoin (BTC) hit $18,815 on Binance for the first time in nearly three years. Following the breakout, BTC is on track to see a new all-time high in the near term for four significant reasons. The factors that make a new record high likely are growing institutional demand, reduced selling

On a typically brisk winter evening in Saket, South Delhi, Jyoti Singh and a male friend enjoyed a trip to the movies to watch Ang Lee’s Life of Pi.  Heading home afterwards they waited at a bus stop, and then boarded a private bus bound for Dwarka at around 9.30pm. But Jyoti didn’t make it

Major players in U.S. crypto lobbying are coming out in defense of non-custodial wallets. On Tuesday, the Blockchain Association released a new report presenting policy options for self-hosted wallets to regulators. On Wednesday, Coin Center published an expert view by Jai Ramaswamy, also defending such wallets. The Blockchain Association is a trade organization for the

The price of Bitcoin (BTC) exceeded $17,400 in a strong intraday rally. On Coinbase, BTC even came close to the $17,700 mark, setting a new two-year high. As BTC glides through the multiyear resistance above $17,000, analysts are divided on its short-term outlook. Some say that BTC is primed for a pullback as whale deposits

Bitcoin’s price (BTC) has been showing significant strength as Bitcoin’s price rallied by more than 60% in a matter of six weeks, surging from $10,000 to $16,500 and leaving many investors behind. These investors were waiting for the close of the CME gap at $9,600, which didn’t occur. However, can the markets expect a correction