Bitcoin Outlook Sours As Price Sheds 70% of Recent Rally

news JPMorgan’s blockchain payments platform has just onboarded its first Singapore-based bank. With the addition of OCBC – the second-largest bank in Southeast Asia by assets – JPMorgan’s Interbank Information Network (IIN) now has around 345 banking members across the globe. Roughly 40 percent of those are from the Asia-Pacific region. Built on Quorum,  a…

The U.S. government moved $2 billion worth of seized bitcoin (BTC) on Monday, tanking already retreating prices and sparking investor concerns of selling the assets just two days after presidential hopeful Donald Trump's promise to begin stacking BTC. Blockchain data by Arkham Intelligence shows that a wallet tagged as "U.S. Government: Silk Road DOJ" transferred

Bitcoin reached an all-time price high of about $68,950 on Wednesday after a report showed higher-than-expected inflation in October. The cryptocurrency eventually returned some gains as short-term overbought signals appeared on the charts.Gold also rose to its highest level since June following the U.S. inflation report. The precious metal reversed its negative correlation with bitcoin…

Sep 24, 2020 at 15:54 UTC(Rudy and Peter Skitterians / Pixabay )Bitcoin Options Open Interest Hits Record High in Expiry WeekOpen interest in bitcoin options has risen to new record highs this week. But the market will witness $1 billion in notional value expiring Friday, which could trigger heightened volatility.A record $2.14 billion worth of…

Feb 28, 2020 at 17:56 UTCWe’ve made it a lot easier to contact us. (Image via Wikimedia Commons)I’ve got some news that may sound prosaic but it’s long overdue. CoinDesk now has a masthead.When I joined CoinDesk in 2017, one of the first things I noticed was there was no single page listing all our…

news “We’re going back to stuff we were tired of talking about months ago. We decided the only issue is whether there are errors in the algorithm [or] back doors in the algorithm.” So said Greg Colvin during a heated debate during an ethereum developer call Friday over a proposed change to the network’s mining…

If you told me when I got into the blockchain space more than seven years ago that key pieces of sweeping market structure legislation for crypto would be brought to the floor of the House of Representatives, I wouldn’t have believed it.Back then, crypto was a nascent technology viewed as “niche” or “off the beaten

Jan 28, 2020 at 04:40 UTCUpdated Jan 28, 2020 at 04:56 UTCThe Monetary Authority of Singapore (MAS) is updating its regulatory framework for digital payments.Announced Tuesday, Singapore’s Payment Services Act 2019 (PSA) brings so-called Digital Payment Token (DPT) services – effectively covering all crypto businesses and exchanges based in Singapore – under current anti-money laundering…

Kevin O 'Leary, chairman of O'Leary Ventures and "Mr. Wonderful" on "Shark Tank," spoke with CoinDesk's Jennifer Sanasie. The following is a lightly edited transcript of their interview . Jennifer Sanasie: Alright, I gotta talk about that background. It just looks so lovely. What? Where? Are you sitting by a pool right now? Kevin O'Leary: