Bitcoin crosses $66K as traders eye 2 key indicators for $70K target
The Gann Fanns model and an emerging Inverse Head and Shoulders pattern are top of mind for traders to see if Bitcoin can “bounce” above its all-time high.
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Can Crypto Exchanges Be Trusted With Hard Forks?
On July 31, a Chinese Bitcoin investor sued local crypto exchange OKCoin for allegedly blocking him from getting his Bitcoin Cash (BCH) after the Bitcoin fork. While the case is new for China, compilations regarding hard forks and exchanges have been amassing since perhaps as early as the DAO incident in 2016. So what happens…
Warp Finance adds Chainlink oracles to protect against flash loans
Warp Finance's hack of $8 million could have been prevented with better oracles, the team says. 2819 Total views 11 Total shares Warp Finance, a DeFi lending protocol that suffered an $8 million flash loan exploit shortly after release, is now gearing up for a relaunch that will include an integration with oracles by Chainlink.The…
Telegram issues official statement on Pavel Durov detention
The Telegram team said, “Telegram’s CEO Pavel Durov has nothing to hide and travels frequently in Europe.”
DoJ makes fintech giant sell Credit Karma’s tax wing to Square before $7.1B acquisition
Intuit, which also owns TurboTax, can't hold all the keys to consumer tax software, the DoJ says. 269 Total views 3 Total shares Per an announcement and series of filings on Wednesday, the U.S. Department of Justice is calling shenanigans on Intuit's ambitions, at least in part.Intuit owns a stable of user-facing finance software, including budgeting…
US jobs report signals fewer rate cuts, still bullish for BTC: Grayscale
The bullish jobs report adds fuel to hopes for an “Uptober” and fourth-quarter rally in Bitcoin’s price.
MicroStrategy to stay on Bitcoin course even if spot ETFs approved: Saylor
Michael Saylor compared his firm to a “sportscar” whereas a spot ETF will be like a “supertanker” when it came to giving investors Bitcoin exposure. 381 Total views 7 Total shares MicroStrategy co-founder Michael Saylor believes his firm will remain an enticing way for investors to gain exposure to Bitcoin (BTC) regardless of any future…
Report: Swiss Financial Watchdog Recommends Banks Set Crypto Risk Coverage at 800%
The Swiss Financial Market Supervisory Authority FINMA has advised banks and other financial institutions to estimate risk coverage for cryptocurrencies at 800 percent of current market value, Cointelegraph auf Deutsch reports today, Nov. 5.Major local news portal Swissinfo reportedly saw a copy of a confidential letter from FINMA to the Swiss Association for Audit, Tax…
10 Global Enterprises Looking to Issue Their Own Cryptos
The growing popularity of cryptocurrency has led to a revolution in the digital currency industry. Enterprises that were of noncrypto origin now have or plan to have their own crypto product. The 10 years of cryptocurrency’s existence has led to an unprecedented ease of transactions. It has also brought transparency into the e-commerce world. This…