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  • Bitcoin Could Hit $11,000 in June 2020; Here’s Why  Yashu Gola  AMFEIXRelated NewsBitcoin Sells Off At $9.5K Ahead of Tr

    Bitcoin Could Hit $11,000 in June 2020; Here’s Why Yashu Gola AMFEIXRelated NewsBitcoin Sells Off At $9.5K Ahead of Tr

    Analysis Bitcoin News
    Bitcoin is correcting lower after testing $10,000 as its local top. But a confluence of technical and fundamental catalysts could flip the cryptocurrency’s direction towards $11,000. They include a Symmetrical Triangle formation, the Sino-U.S. geopolitical conflict, and the Federal Reserve’s unlimited fiscal support. Bitcoin is correcting lower in the final week of May but its likelihood of retesting levels above $11,000 is growing higher next month. That is, according to Symmetrical Triangle, a technical chart pattern…
  • Bitcoin Sells Off At $9.5K Ahead of Trump’s China Response; What’s Next  Yashu Gola  AMFEIXRelated NewsBitcoin Could Hit

    Bitcoin Sells Off At $9.5K Ahead of Trump’s China Response; What’s Next Yashu Gola AMFEIXRelated NewsBitcoin Could Hit

    Analysis Bitcoin News
    Bitcoin breaks below $9,500, a crucial support level, a day after breaching it to the upside. The cryptocurrency pared its intraday gains ahead of Donald Trump’s retaliating press conference on China’s national security law for Hong Kong. Its downside move laggingly tailed a similar price action in the S&P 500. The U.S. benchmark closed Thursday down 0.2 percent. Bitcoin traded lower on Friday as traders refrained from taking more significant risks amid escalating geopolitical tensions between…
  • Bitcoin Breaking $10,500 Will Set the Stage for a Massive Reversal: Here’s Why  Nick Chong  AMFEIXRelated NewsBitcoin Co

    Bitcoin Breaking $10,500 Will Set the Stage for a Massive Reversal: Here’s Why Nick Chong AMFEIXRelated NewsBitcoin Co

    Analysis Bitcoin News
    Bitcoin has been on an impressive rally over the past two months. From the $3,700 lows seen on March 13th, the asset has rallied over 150%. This 150% performance means BTC has outperformed basically any other multi-billion-dollar asset over the same time period. This strong surge to fresh highs hasn’t convinced everyone that Bitcoin is in a bull market though. Analyst “PlanB,” for instance, recently noted that Bitcoin is not yet in bull market territory as…
  • COVID-19 Tracing Apps Have to Go Viral to Work. That’s a Big Ask

    COVID-19 Tracing Apps Have to Go Viral to Work. That’s a Big Ask

    Bitcoin News News
    To be useful, any COVID-19 tracing app has to go viral. But with concerns about privacy running high, getting a contact tracing app voluntarily adopted at scale is a big ask. Governments around the world are weighing different privacy-enhancing designs, with some saying an app would be voluntary to begin with, but not ruling out making it compulsory.  A now oft-cited statistic, Singapore’s TraceTogether app was adopted by only 10-20 percent of the population, with the…
  • Bitcoin News Roundup for April 24, 2020

    Bitcoin News Roundup for April 24, 2020

    Bitcoin News News
    BTC could hit $9K this year and Purse might have a second life. It's CoinDesk's Markets Daily Podcast. Today's stories: First Mover: Bitcoin Jumps as Fed Assets Top $6.5T and Traders Focus on Halving Bidooh Founders Admit to Cloning Business for Rival Advertising Venture Immunity Passes Explained: Should We Worry About Privacy? Bitcoin Startup Purse May Have a Lifeline After All For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS. Read…
  • Blockchain Bites: DLT’s Great Leap Forward, Bitcoin Hoarders and a16z’s New Fund

    Blockchain Bites: DLT’s Great Leap Forward, Bitcoin Hoarders and a16z’s New Fund

    Bitcoin News News
    China is taking charge in the digitization of the world economy. Yesterday, it revealed a testing environment for its DC/EP central bank digital currency (CBDC), which may one day supplant physical cash in the second-largest economy. Further, high-ranking officials set April 25 for the launch of its national blockchain platform, the Blockchain Service Network (BSN), which will enable developers to plug in and code blockchain applications on a centralized platform. You're reading Blockchain Bites, the daily…
  • Bitcoin News Roundup for April 15, 2020

    Bitcoin News Roundup for April 15, 2020

    Bitcoin News News
    BTC bumps against $7K while cowboys put land records on the blockchain. It's CoinDesk's Markets Daily podcast. Today's stories: Bitcoin Tests $7K as Spot Trading Volumes Subside to Normal Levels Overstock Subsidiary to Put Wyoming County Land Registry on the Blockchain MakerDAO Users Sue Stablecoin Issuer Following 'Black Thursday' Losses Another Bitcoin Mining Firm Warns COVID-19 Pandemic May Harm Its Business For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS. Read…
  • Morgan Creek Invests in Startup Bringing Bitcoin to DeFi

    Morgan Creek Invests in Startup Bringing Bitcoin to DeFi

    Bitcoin News News
    Bitcoin advocate Anthony "Pomp" Pompliano is betting the top cryptocurrency might have more of a role to play in the emerging decentralized finance (DeFi) space. Pompliano's Morgan Creek Digital was one of the investors in a $2.45 million seed round for Atomic Loans, a Canadian startup looking to create bitcoin-backed lending instruments. Announced Wednesday, the seed round was led by Initialized Capital – an investor in Coinbase – with participation also coming from the founders of…
  • IDG-Backed Crypto Exchange KuCoin Launches OTC Desk for Enterprises

    IDG-Backed Crypto Exchange KuCoin Launches OTC Desk for Enterprises

    Bitcoin News News
    Singapore-based cryptocurrency exchange KuCoin has teamed with DigitalBits, a blockchain protocol layer focused on branded crypto assets, for the launch of what it calls a new kind of OTC desk. KuCoin's Enterprise Currency Desk (ECD) is tailored toward companies looking to venture into blockchain technology and decentralized finance (DeFi) by providing bespoke solutions for the acquisition of digital assets, the company says. The new partnership seeks to simplify that process for businesses, and further allows them…
  • TradeStation Builds Out Crypto Trading Arm With ErisX Tie-Up

    TradeStation Builds Out Crypto Trading Arm With ErisX Tie-Up

    Bitcoin News News
    TradeStation is plugging into crypto exchange ErisX as it seeks to enhance digital asset trading for its pro and institutional clients. The online brokerage and trading technology firm said Wednesday it is integrating ErisX's order book into its subsidiary, TradeStation Crypto, to provide clients with deeper liquidity and tighter spreads when trading digital assets. Both TradeStation and ErisX believe the tie-up will take market infrastructure up to the same sort of standards as already exist in…