Analyst targets $91.5K Bitcoin next despite Fed’s ‘hawkish tone’

Bitcoin on-chain analysis is showing more short-term holders registering losses, and they are statistically more likely to sell according to Glassnode. 679 Total views 5 Total shares Blockchain analytics provider Glassnode has depicted a bearish scenario for Bitcoin as on-chain metrics suggest increased selling pressure is imminent.In its weekly analytics report on Feb. 21, on-chain…

The Chinese government has issued the “Guiding Opinions on Rural Service Revitalization of Financial Services,” according to an official announcement on Feb. 11. The new framework is part of a plan to improve the efficiency of financial services for the country’s rural revitalization program.The guidance will purportedly help promote the application of new technologies in…

Multiple Bitcoin buy-ins are due to be reported next week, an analyst notes as attention increasingly focuses on a fresh battle for BTC’s all-time highs. 972 Total views 7 Total shares Bitcoin (BTC) made traders play a guessing game on Thursday as $50,000 looked increasingly shaky as new support.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewCrypto…

US President Donald Trump is expected to sign off on undoing a Biden-era rule that would require DeFi protocols to report to US tax authorities. The US Senate has passed a resolution to kill a Biden administration-era rule to require decentralized finance (DeFi) protocols to report to the Internal Revenue Service, which will now head

The Near Foundation treasury grew to $350 million under Flament's tenure. 242 Total views 9 Total shares Marieke Flament, CEO of Near Foundation, the developer of the namesake community layer-one protocol, has resigned.According to the September 21 announcement, Chris Donovan, Near Foundation's general counsel, will replace Flament as the new CEO following the resignation. Flament

Bitcoin (BTC) kept disappointing hodlers on April 7 as the Bitcoin 2022 conference got underway to a limp BTC price performance.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewFed prepares $95 billion monthly balance sheet shrinkData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it dropped below multiple support levels to reach its lowest since March 23.Reversing…

Regulatory compliance requirements are becoming increasingly important. Ethereum Classic Labs, the entity behind the Ethereum Classic (ETC) asset, and blockchain analysis outfit Chainalysis have joined forces.Aside from its work on ETC-related technology, ETC Labs also operates an accelerator wing for backing and helping startups in the crypto industry. Thanks to an alliance with Chainalysis, these…

Quantum Blockchain Technologies (QBT), a research company based in the United Kingdom, has developed artificial intelligence-powered algorithms that could significantly increase the mining winning probability of certain ASIC Bitcoin (BTC) miners, CEO Francesco Gardin said in an interview with Cointelegraph.Speaking exclusively to the publication, Gardin unpacked how Quantum Blockchain Technologies (QBT) has incorporated AI to…