Today’s Close Could be Pivotal for Bitcoin’s Price

A developer of the anonymizing tool Tornado Cash, Alexey Pertsev, was sentenced to spend 64 months in prison.Many members of the crypto community say the decision is outlandish.'S-HERTOGENBOSCH, Netherlands — As 31-year old Russian Alexey Pertsev stood outside the courtroom on Tuesday awaiting a verdict from a judge at the s-Hertogenbosch courthouse in the Netherlands

Good morning, Here’s what’s happening this morning:Market moves: Bitcoin soared past $69K before dropping below $65K.Technician’s take: Intraday charts are showing initial signs of upside exhaustion.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.Bitcoin faced a pullback below $65,000 in the past 24 hours, a more than 4%…

news Seven EU member nations have come together to promote the use of blockchain tech to boost government services and economic well-being. The southern European states – France, Italy, Spain, Malta, Cyprus, Portugal and Spain – signed a joint declaration on Tuesday to promote the adoption of blockchain in the region in order to “transform”…

news Kyoto University and the University of Tokyo have joined Ripple’s University Blockchain Research Initiative (UBRI) per CoinDesk Japan. The 2018 program now boasts 33 participants including Princeton University, Carnegie Mellon, and the National University of Singapore, among others. Ripple committed $50 million toward the project to develop blockchain, cryptocurrency, and digital network programs. Funds…

Analysts at Bitfinex estimate that the new BTC supply added to the market could drop to $30 million per day, amounting to less than five times the average daily inflows into the spot-based ETFs.Investor are increasingly taking direct custody of their coins, Bitfinex added.Bitcoin's (BTC) recent mining reward halving has altered the market in such

Despite recent underperformance, ether is potentially a contrarian bet into the year-end, the report said. Bitwise noted that the majority of stablecoins are issued on the Ethereum blockchain and more than 60% of all DeFi assets are locked on the network. Ethereum is like the Microsoft of blockchains, the asset manager said. Ether (ETH), the

On the issue of instant payments networks, the U.S. is already behind many of its G-20 counterparts, and is hoping to catch up with FedNow this year. FedNow, however, does not connect individuals with CBDCs. Its audience is financial institutions, which will be able to finalize transactions faster with each other, if the program is…

Fairlead's 12-week relative rotation graph shows signs of green shoots in XRP, LINK, ETHDOGE likely to continue underperforming BTC and may become a "laggard."Crypto traders looking for clues on pockets of the crypto market seeing signs of green shoots might want to consider (XRP), Chainlink's (LINK) token, and Ethereum's ether (ETH).That's the message from Fairlead

Sep 23, 2020 at 10:00 UTCWhite House Chief of Staff Mark Meadows (right) listens to his predecessor, Special Envoy for Northern Ireland Mick Mulvaney, as U.S. President Donald Trump and Prime Minister of Ireland Leo Varadkar talk to journalists in the Oval Office at the White House March 12, 2020 in Washington, D.C. (Chip Somodevilla/Getty…