Market Wrap: Bitcoin Steady Near $54K; RSI Indicator Warns of Limited Uptrend
After two days of sell-offs, bitcoin bulls finally returned.
After two days of sell-offs, bitcoin bulls finally returned.
Volatility is a measure of risk, and that's often measured in relation to returns. By that measure bitcoin is a beast so far this year.
By embracing bitcoiners, Tesla is likely to make more sales among that crowd even if they pay in fiat. Any extra BTC the carmaker gets is gravy.
"Nothing like this has ever happened before," says economist Ian Shepherdson.
Once the frenzy around NFTs subsides, the category will need new ways to grow. DeFi is one promising avenue, says CoinDesk's chief content officer.
Bank of Korea Governor Lee Ju-yeol says once central bank digital currencies (CBDC) are introduced, the demand for cryptocurrencies like bitcoin fall.
Duke’s direct exposure to Coinbase in one of its early investment rounds has probably increased 100x, two people familiar with the matter said.
The commonwealth wants to become a hub for energy-heavy businesses like crypto mining.
Persistence is helping institutions find yield with its white-labeled staking service.
The compliance-minded crypto data firm, is now valued at $2 billion after a Series D raise from Paradigm, Ribbit and others.
The throughput-boosting Layer 2 project said rushing its mainnet launch could have consequences for unprepared projects.
In order to support the retail payment system, the central bank has to step up its own digital yuan.
Through the committee, the BOJ said it will update the private sector and policymakers and seek input on the next steps regarding a CBDC.
The batch of processors will add 1,600 GH to Hut 8's mining capacity.
BTC held support around $50K and is approaching resistance around $56K.
Argo said "Terra Pool" will allow for the creation of "green bitcoin."
The KiwiSaver Growth Strategy Fund, which had NZ$350 million (US$244 million) in assets at the end of December, began investing in crypto last October.
"I have had many institutions tell me they do not want to own 'China coin,'" he said at a Cboe event.
The former FATF officials will help steer Binance's global regulatory strategy, the exchange said.
The difficulty underscores how even in a roaring bull market, crypto still struggles to gain widespread acceptance as a payment method.
“This is a time to make sure that you have some dry powder and are not overextended,” said one trader.
The digital bank will put the extra cash toward meeting Wyoming regulators’ pre-launch capital requirements.
Flow’s NBA Top Shot accounts for more transactions than all the other NFT projects combined.
Effect Network cites "unfulfilled promises to address the many issues that plague the EOS mainnet" as motivating factors.
The stimulus checks are in the mail so it might be too early to call the hyped-up episode a dud.
China is leading major nations in the development of a CBDC but the digital yuan project has raised concerns.
Governments have "very little incentive" to change money laundering rules to accommodate crypto, says the long-time head of the FATF.
The GSA's next BTC auction could fetch more than $300K, generating even more excitement among cryptocurrency investors.
What would it take for governments to add bitcoin to their balance sheets? Here's what one expert thinks.
Imagine never having to use a password or a username ever again. Networks like ION could make this a reality.