WeChat Eyes Blockchain for Faster Corporate Expense Refunds

View Bitcoin has tested the historically strong 100-day average resistance for the first time in over two months. An inverse head-and-shoulders breakout on the daily chart along with bullish short-term indicators suggest scope for a convincing move above the 100-day hurdle at $7,945. A break higher would strengthen the case for a rally to $8,700.The…

Nelson Wang is CoinDesk's news editor for the East Coast. He holds BTC and ETH above CoinDesk's disclosure threshold of $1,000.Crypto exchange Coinbase (COIN) reported Q1 revenue of $773 million, exceeding analyst estimates of $655 million, according to FactSet, and up from Q4 revenue of $605 million.Trading volume came in at $145 billion versus analyst…

The contentious nature of the ecosystem around cryptocurrencies is partly what gives them value – academics call it "belief heterogenity." But discord and personal sentiment alone isn't enough to keep prices above zero, according to research from Wang Chun Wei, Ph.D., a finance lecturer at the University of Queensland in Australia. According to Wei, if it…

Alpen Labs has emerged from stealth mode following the $10.6 million funding round led by Ribbit CapitalZero-knowledge technology is more commonly associated with Ethereum and is the sort of development that the Bitcoin community has resisted historicallyBitcoin layer-2 developer Alpen Labs, which has raised $10.6 million in funding, is looking to scale the blockchain of

news Coinbase CEO Brian Armstrong has joined other super-wealthy individuals in pledging to donate much of his net-worth to charitable or other causes. In a blog post on the website of The Giving Pledge – founded by Bill Gates and Warren Buffet to encourage the rich to donate their wealth to worthy causes – Armstrong said: “Once…

news Facebook CEO Mark Zuckerberg says the company will spend “however long it takes” to get regulators and others on board before launching the Libra cryptocurrency project. Speaking during a quarterly earnings call on Wednesday, the social media giant’s founder sought to assure investors that Facebook would act responsibly with its development of Libra, the…

Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.Threshold Network is now working with cross-chain token protocol Wormhole in an effort that hopes to allow the easy movement of a tokenized representation of bitcoin (BTC) to some…

Alternative cryptocurrencies (altcoins) have begun to feel the crypto winter as major names start dropping below previous year-on-year price levels. Another bitcoin sell-off exposed altcoins to their worst losses since Oct. 11 hammering home the bearish case with altcoins in the top 20 by market capitalization depreciating 3-10 percent and breaking down from a 12-day…

As if the egg on his face wasn’t enough, Gary Gensler also has sour grapes. An hour after the U.S. Securities and Exchange Commission (SEC), the agency he leads, approved just under a dozen spot bitcoin ETFs, Gensler issued a statement making absolutely clear the move is absolutely not an endorsement of bitcoin (BTC).This is