Bitcoin bull flag 85% complete at $65,414: Live levels
Bitcoin bull flag 85% complete at $65,414: Live levels
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Bitcoin (BTC) is the canary in the coal mine for the quantum computing threat
Quantum computing is a risk factor for every encrypted system on the planet, including major banks. But crypto, because of the way it works, may be the technology that gets tested first. “Cryptocurrencies are the canary in the coal mine,” said Eddy Zervigon, CEO of Quantum Xchange, in an interview with CoinDesk. Zervigon’s company builds
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Ether leads crypto higher as bitcoin trades around $65,500
Bitcoin is likely to remain range-bound, said Jeff Ko, chief analyst at CoinEx, pointing to three reasons why the backdrop has calmed down. Oil has retreated from last week’s highs following another lull in hostilities between the US and Iran. The 10-year Treasury yield, approaching 4.7%, is doing some of the Fed’s tightening work on
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Prices regain $65,000 as oil slips, ETH outperforms
Risk-on peace deals are back in vogue after the US and Iran held fire on Sunday, sending oil prices lower. Bitcoin BTC$65,331.25the leading cryptocurrency by market cap, is back above $65,000, with prices up about 1.2% over 24 hours. Ether (ETH) is up over 3% to nearly $1,950, along with 1% to 2% gains in
Prices regain $65,000 as oil slips, ETH outperforms Read More »
Prices regain $65,000 as oil slips, ETH outperforms
Risk-on peace deals are back in vogue after the US and Iran held fire on Sunday, sending oil prices lower. Bitcoin BTC$65,331.25the leading cryptocurrency by market cap, is back above $65,000, with prices up about 1.2% over 24 hours. Ether (ETH) is up over 3% to nearly $1,950, along with 1% to 2% gains in
Prices regain $65,000 as oil slips, ETH outperforms Read More »
South Korea’s trading giant POSCO puts receivables onchain in tokenization test with LG
POSCO International, South Korea’s largest trading company, has begun tokenizing trade receivables on blockchain in a test that could speed up commercial payments between its global subsidiaries. The company, which last year generated $22.2 billion in revenue from businesses spanning steel, energy and battery materials, is working with LG CNS, LG Group’s technology arm, to
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2 weeks left for Clarity: State of Crypto
The crypto industry naturally encourages passage. The common refrain online is that Clarity includes some investor protection rules and creates some structure for crypto products, while not passing the bill would mean no investor protection. If the bill is to pass the Senate before the summer recess begins, the first thing to watch for is
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US regulators warn prediction markets against cutting corners in event contracts
The U.S. Commodity Futures Trading Commission, which has claimed a role as the leading regulator of prediction market businesses run by companies such as Kalshi, Coinbase, Polymarket and Crypto.com, issued a notice on Friday reminding the companies not to cut corners with far-reaching contract certifications that should cover a wide range of events. The agency
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Europe’s high level of regulation could trigger a new wave of M&A in the crypto industry
“Since it uses existing rules, it will be much less of a stand-alone framework,” Lightstone said. “A crypto firm will be treated like any normal traditional financial institution,” adding that “it will still be difficult to get FCA authorization.” For established banks and investment firms that already operate under these rules, adapting to crypto can
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A son of wealth finds his calling in a high-end merchant
On a rainy morning in March, 25 folding chairs were set out on the floor of Meadow Lane, a gourmet market in Lower Manhattan that’s usually filled with influencers, Tribeca moms, and financiers picking up lunch. Today, the site belonged to McKinsey & Company. The consultants are the ones who had asked for the meeting.
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