The Crypto Market Just Hit a New Low for 2018

markets View Bitcoin is on the defensive, having closed below $8,000 last week. The price has also established a bearish lower high at $8,135. A short-term bullish-to-bearish trend change, however, would be confirmed if the price drops below $7,432 (June 4 low), establishing a lower low. With the weekly chart reporting a bearish candlestick pattern,…

Apr 24, 2020 at 19:50 UTCHow will a shift in sentiment on Big Tech affect the "privacy-tech" industry? Photo by ev on UnsplashPublic Opinion Shifts on Big Tech and Privacy During PandemicRecent polling finds the COVID-19 pandemic has softened the backlash against big tech firms. A majority of Americans now support tech firms being involved…

Jun 18, 2020 at 16:15 UTCUpdated Jun 18, 2020 at 16:33 UTCIt’s hard to pick just one stunning fact about the market suddenly created by the issuance of Compound’s COMP token. Since Monday, when the governance token started being released to users of tht decentralized lending platform, the total value locked (TVL) on Compound has…

news Malta-based OKEx, currently the second largest crypto exchange by 24-hour adjusted volume, has launched a new bitcoin derivative product with no expiry date, meaning that positions can be held indefinitely. Announced Tuesday, the product, dubbed a “perpetual swap,” allows crypto traders to speculate on the future value of OKEx’s bitcoin (BTC) to U.S. dollar…

Former U.K. Chancellor of the Exchequer George Osborne has joined crypto exchange Coinbase's (COIN) advisory council.Osborne, chancellor from 2010 to 2016, becomes the second former U.K. chancellor to join a crypto firm. His immediate successor, Philip Hammond, joined Copper as an adviser in October 2021 and subsequently became the custody company's chairman.The appointment highlights the

news A new Hyperledger blockchain initiative is looking to stabilize the Chilean stock market and lure in overseas investors. The Santiago Stock Exchange (STE), Central Securities Depository (DCV) and the Global Trade Directory (GTD) will form a blockchain association for this task, according to a BNamericas report, published August 27. The so-called Technology Consortium will…

news Cryptocurrency donations to political parties received a thumbs up from Japan’s internal affairs and communications minister Sanae Takaichi at a press conference Tuesday. According to a report by local media Kyodo News and syndicated by Reuters, Takaichi said political donations in cryptocurrency do not have to be disclosed under the Political Funds Control Law,…

The Celo community voted Friday to approve using Optimism's OP Stack technology for migrating its current standalone blockchain over to a layer-2 network atop Ethereum.The vote, officially proposed May 3 passed with overwhelming support, with 65 addresses representing 14.6 million CELO tokens signaling approval for the measure, with two two addresses representing 20,484 CELO abstaining.The

The EU's financial markets watchdog has revealed that it is setting aside over €1 million in order to monitor cryptocurrencies and other fintech activities during 2019. As revealed in its 2019 Annual Work Programme – dated September 26 but released today – the European Securities and Markets Authority (ESMA) lists its key priorities for the coming year…