The cryptocurrency hit five-month highs of over $4,200 earlier today, extending Wednesday’s 7.3% gain – the biggest since Oct. 1. The price chart shows the path of least resistance…
Category: Altcoin
Altcoin
Australian Senate Committee Makes 12 Recommendations for Crypto Regulation
Liberal Party Sen. Andrew Bragg, who chairs the committee and is an outspoken supporter of digital asset innovation and regulation, said Australia would be competitive with Singapore, the U.K.,…
DCG, Facing Competition From Bitcoin ETFs, Plans to Buy More Grayscale Bitcoin Trust
Digital Currency Group (CoinDesk’s parent company) is planning to hoover up to a billion dollars worth of Grayscale Bitcoin Trust (GBTC). With subsidiary Grayscale’s flagship product facing sudden competition…
Options Traders Bet Big That Ether’s Turn for an ETF Is Coming Soon
Genesis Volatility, another data provider, said while the flows for the $15,000-strike calls have been a mix of buyers and sellers, the initial transactions at this strike price started…
Coinbase and NBA Sign Partnership Deal
Coinbase and the National Basketball Association (NBA) are teaming up on a multiyear partnership, the publicly traded crypto exchange said Tuesday. The deal extends to the Women’s National Basketball…
Mt. Gox Rehabilitation Plan Worth Billions in Compensation Approved; Finalization to Follow
The end of a long journey is finally in sight for the thousands of creditors who lost billions in funds in the infamous Mt. Gox hack. In that hack,…
Fed Reserve Governor Quarles Doesn’t See Reasoning Behind CBDCs
Randal Quarles, who also chairs the Financial Stability Board, said he’s not certain how a central bank digital currency could address financial inclusivity concerns. Oct 20, 2021 at 9:14…
Valkyrie Secures Go-Ahead for Bitcoin Futures ETF
The new ETF is set to start trading on Friday, after the bitcoin-linked fund cleared the final regulatory hurdles, a Valkyrie spokesperson said. It will trade on Nasdaq under…
Market Wrap: Analysts Expect Further Upside After Bitcoin Hits All-Time High
A successful breakout would require a daily close above $65,000, which would yield upside targets toward $74,000 and $86,000. BTC will need to see continued buying pressure to keep…
The View From Brussels: How the EU Plans to Regulate Crypto
First of all, the nature of the European Union is different. We have 27 different member states with different legal and tax systems that are not harmonized. So we…