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

The cryptocurrency hit five-month highs of over $4,200 earlier today, extending Wednesday’s 7.3% gain – the biggest since Oct. 1. The price chart shows the path of least resistance is to the higher side, and record highs could soon come into play.Ether has convincingly breached the bearish trendline connecting May and September highs. Bitcoin topped…

Sotheby’s, the 277-year-old British auction house, will allow live bidding in ether cryptocurrency in an upcoming virtual exhibition on Nov. 18 to be held at its “headquarters” in Decentraland.Sotheby’s auctioneer Oliver Barker will be fielding real-time bids from its New York saleroom for street artist Banksy’s “Trolley Hunters” and “Love Is In The Air” (2006).Sotheby’s…

Jun 3, 2020 at 21:09 UTCUpdated Jun 3, 2020 at 21:10 UTCArgo’s Mining Revenue Dips After Bitcoin’s HalvingLondon-listed Argo reported a dip in May revenue, possibly as a result of the bitcoin halving event. Per the mining firm’s monthly operational update, monthly mining margins – revenue minus operating costs – was roughly 34% in May,…

Tanzeel Akhtar is an independent British journalist whose work has been published in The Wall Street Journal, CNBC, FT Alphaville, Investing.com, Forbes, Euromoney and Citywire. Bitcoin exchange-traded funds (ETFs) are having a hard time clearing the bar in the U.S., where nine applications were rejected by the Securities and Exchange Commission (SEC) yesterday. The SEC…

This episode is sponsored by NYDIG.On this week’s “Long Reads Sunday,” NLW looks at two very different takes on the economy in threads by Raoul Pal and Alex Good.“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor…

Jun 29, 2020 at 13:27 UTCFacebook, Accenture, IoTeX, Nvidia and six other companies are joining the Linux Foundation’s Confidential Computing Consortium (CCC), increasing the size of the privacy-focused group by 60 percent. The addition of members IoTeX, which leverages blockchain to secure the internet of things, and R3, an enterprise blockchain company, nearly doubles the…

feature Massachusetts General Hospital (MGH), one of the top-five hospitals in the US, is partnering with Korean blockchain startup MediBloc in an effort to find better ways to store and share patient data. Synho Do, director of the Laboratory of Medical Imaging and Computation, a joint venture of MGH and Harvard Medical School, told CoinDesk…

Daniel Kuhn is a features reporter and assistant opinion editor for CoinDesk's Layer 2. He owns BTC and ETH.Coinbase has launched a new derivatives exchange in Bermuda, a totemic act showing the largest U.S. crypto exchange means business when it says U.S. crypto regulations are increasingly nonviable. The exchange, which has been publicly feuding with…

Dec 29, 2020 at 10:41 a.m. UTCUpdated Dec 29, 2020 at 10:46 a.m. UTCIndia Mulls Imposing 18% Tax on Bitcoin TransactionsThe Indian government is considering a bitcoin transaction tax that would add $1 billion in revenue a year, a move some industry participants said is a sign of the government’s growing comfort with cryptocurrencies.A proposal…