Breakdown Over? Bitcoin Indicators Suggest Price Outlook Is Improving

Stablecoins boost demand for U.S. Treasury notes, said Howard Lutnick, the CEO of Tether custodian Cantor Fitzgerald.Lutnick says China may see a potential digital dollar as a spy wallet.One of the long-running debates in the crypto market is whether U.S. dollar stablecoins – cryptocurrencies whose value is pegged to the currency – strengthen the greenback's

Jul 3, 2020 at 15:50 UTCUpdated Jul 3, 2020 at 15:56 UTCEther put-call ratios (Skew)Search For Yield Drives Ether’s Put-Call Ratio to One-Year HighInvestors’ search for yield has pushed a widely tracked ether options market metric to its highest level in 12 months.  The put-call open interest ratio, which measures the number of put options…

The Law Commission, which reviews and recommends changes to laws in England and Wales, published a consultation on draft legislation to label crypto as property.The independent statutory body's report on digital assets last year showed that crypto tokens and non-fungible tokens were able to attract property rights. Responses are required by March 22."Personal property rights

news Employees at cryptocurrency news publication CoinDesk were told Tuesday that the firm is moving into office space in the same building as its parent company, Digital Currency Group (DCG), a transition that will take place in March 2020. In an email sent to employees, his first ever to CoinDesk’s entire staff, DCG founder and…

Conflux Network, a permissionless Layer 1 blockchain popularly called the Chinese Ethereum, on Wednesday confirmed more investment from the crypto market maker and Web3 investment firm DWF Labs. Still, the blockchain's native token, CFX, traded in the red, falling over 6% to 21 cents.The self-proclaimed regulatory complaint blockchain in China, said on Twitter that DWF…

Jun 10, 2020 at 18:08 UTCUpdated Jun 10, 2020 at 18:25 UTCAlex Gladstein of the Human Rights Foundation speaks at Consensus 2019 (Credit: CoinDesk)Human Rights Foundation Funds Bitcoin Privacy Tools Despite ‘Coin Mixing’ Legal StigmaOn one hand, the bitcoin industry has matured to include traditional brokerages and institutional traders. On the other, bitcoin privacy tech…

Jan 28, 2020 at 12:30 UTCUpdated Jan 28, 2020 at 12:33 UTCCredit: Laborant / Shutterstock IBM Awarded Patent for ‘Self-Aware Token’IBM has received a U.S. patent for a type of "self-aware token" that can record its own transaction data. Awarded by the U.S. Patent Office on Jan. 7, the patent outlines a ledger-based payments system…

Frederick Munawa is a Technology Reporter for Coindesk. He covers blockchain protocols with a specific focus on bitcoin and bitcoin-adjacent networks. Bitcoin faithful are making the annual pilgrimage to Miami Beach by the thousands for the third year in a row, for an industry conference set to feature speakers including the U.S. presidential candidate Robert…

news Bitcoin’s price set another new high for 2019 reaching $9,599, before retracing slightly to end Thursday’s trading. At 18:00 UTC on June 20, the world’s largest cryptocurrency by market capitalization broke upwards on the daily chart, after being held beneath $9,348 for an extended period of time. The move to fresh 2019 highs comes…