Bitcoin (BTC) has room to drop below $25,000 to flush out a recent influx of speculators, research shows. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode flagged the ongoing influence of “short-term holders” (STHs) on BTC price action. Profitability reset point lies below $25,000 BTC/USD has struggled to overcome $30,000 resistance in recent weeks,…
On Monday, Morgan Stanley’s equity strategist, Michael Wilson, shared his thoughts on the state of Wall Street. He expressed his belief that a sell-off could be imminent, and that this could occur as a result of U.S. Federal Reserve chairman Jerome Powell’s upcoming remarks on Wednesday. Furthermore, there has been a great deal of conjecture surrounding the possibility of the…
Lisa Cameron, a Member of Parliament in the United Kingdom since 2015, may not have used the Bitcoin Lightning Network in her time as a lawmaker, but spends a lot of her time in office focused on digital assets. Speaking to Cointelegraph at the Consensus 2023 conference in Austin, Texas on April 28, Cameron said she first started advocating for…
Despite Coinbase shares tumbling amid its legal battle with the SEC, Cathie Wood is still bullish on the crypto exchange. Source: https://cointelegraph.com/public/index.php/news/ark-invest-workers-day-investment-8m-in-coinbase-shares
Text generator ChatGPT is the fastest-growing consumer app ever, and it’s still growing rapidly. But the dirty secret of AI is that humans are still needed to create, label and structure training data — and training data is very expensive. The dark side of this is that an exponential feedback loop is being created where AI is a surveillance technology.…
The Ethereum network underwent the successful Shapella hard fork on April 12, allowing validators to withdraw their long-staked Ether (ETH) from the Beacon Chain after three years. In the first week of withdrawals, more than a million ETH was unstaked by validators. However, from the second week onward, the number of ETH staked was higher than that of ETH withdrawn,…
The founders of collapsed hedge fund Three Arrows Capital (3AC) have found themselves in hot water with Dubai’s crypto regulator over their new project. Kyle Davies and Su Zhu, the co-founders of 3AC, were among five people issued with a written reprimand by Dubai’s Virtual Assets Regulatory Authority (VARA) in relation to the recently-launched Open Exchange (OPNX). The site, which…
Bitcoin fell below the $28,000 level on Tuesday, as markets continued to prepare for tomorrow’s Federal Reserve interest rate decision. The Fed is expected to increase rates by 0.25%, despite the U.S. economy slowing down. Ethereum also remained lower, moving close to a breakout below $1,800. Bitcoin Bitcoin (BTC) dropped below $28,000 on Tuesday, as markets prepared for the upcoming…
The largest cryptocurrency exchange in the United States announced today the launch of the Coinbase International Exchange, expanding access to digital assets for institutional clients. The new venture follows regulatory approval from the Bermuda Monetary Authority (BMA), and the new exchange will initially offer Bitcoin and Ethereum perpetual futures. “The Coinbase International Exchange is another step on our plans to…
Amid the cryptocurrency industry facing more regulatory challenges in the United States, the public crypto exchange Coinbase is moving forward with a global derivatives platform. On May 2, Coinbase announced the launch of the Coinbase International Exchange (CIE), a new institutional platform designed for crypto derivatives trading. The CIE will roll out trading by listing Bitcoin (BTC) and Ether (ETH)…
