Bullish Bitcoin Chart Pattern Still Intact Despite 7% Price Drop

Bullish Bitcoin Chart Pattern Still Intact Despite 7% Price Drop

Bitcoin has pulled back sharply over the last 48 hours, but is holding well above support near $6,850 keeping the short-term bullish bias intact. The top cryptocurrency is currently trading near $7,330, representing a 7.3 percent drop from the high of $7,870 registered on Friday. With the pullback, bitcoin has erased more than 45 percent […]

What a Schwab-TD Ameritrade Merger Would Mean for Crypto

What a Schwab-TD Ameritrade Merger Would Mean for Crypto

Update (Nov. 26, 01:30 UTC): Schwab has officially announced a deal to buy TD Ameritrade for $26 billion in stock, confirming last week’s press reports. An acquisition of TD Ameritrade by Charles Schwab would change the landscape of the traditional brokerage industry – and it may have implications for the ongoing mainstreaming of cryptocurrency trading. The companies are […]

The Case for a Bitcoin ETF

The Case for a Bitcoin ETF

The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for the institutional market, with news and views on crypto infrastructure delivered every Tuesday. Sign up here. Issuers have submitted proposal after proposal for a bitcoin-based exchange-traded fund (ETF), and the SEC has delayed or rejected each one. It’s time, however, to ask why and […]

Franklin Templeton Taps Wallet Service Provider to Support Tokenized Shares

Franklin Templeton Taps Wallet Service Provider to Support Tokenized Shares

The companies announced Thursday that Curv would be responsible for helping Franklin Templeton build the transaction signing and management system for its fund. Curv, which developed a series of multi-party computation protocols, seeks to remove the need for private keys, which it calls a “single point of failure” on a blockchain platform, according to a […]

Promoting a New Token? Satoshi’s Treasure Wants You to Gamify It

Promoting a New Token? Satoshi’s Treasure Wants You to Gamify It

Satoshi’s Treasure, a global hunt for keys to a $1 million bitcoin prize, may offer a model for gamifying token issuance. According to Satoshi’s Treasure co-creator Eric Meltzer of Primitive Ventures, the tech-savvy scavenger hunt game is run through an offshore company, so that none of the people sponsoring it or arranging puzzles know the secrets behind […]

Bakkt, Fidelity Will Store Galaxy Digital’s New Bitcoin Fund Holdings

Bakkt, Fidelity Will Store Galaxy Digital’s New Bitcoin Fund Holdings

Galaxy Digital is tapping Bakkt and Fidelity Digital Assets to store the bitcoin for its two new funds. Launched Tuesday, the funds are designed for accredited institutional investors with standard tax documentation and client service support. The Galaxy Bitcoin Fund requires a $25,000 minimum investment with optional quarterly redemptions. The Galaxy Institutional Bitcoin Fund requires higher minimums […]

Bitcoin Price Breaks Below $8,500, Are Bears In Complete Control?

Bitcoin Price Breaks Below $8,500, Are Bears In Complete Control?

Following the crypto asset’s historic 40% rally at the end of October, the leading cryptocurrency by market cap is once again bearish, and Bitcoin price has now broken below $8,500. Are bears back in charge completely, and if so, how far can Bitcoin price drop from here? Bitcoin Price Falls Below $8,500, Can Bulls Defend Once Again? […]

DeFi Startup Compound Finance Raises $25 Million Series A Led by A16z

DeFi Startup Compound Finance Raises $25 Million Series A Led by A16z

Lending protocol Compound Finance just raised $25 million in a round led by Andreessen Horowitz’s a16z crypto fund, marking one of the largest venture capital investments in a decentralized finance (DeFi) startup to date. According to DeFi Pulse, Compound has nearly $103 million worth of crypto locked up in its automated system, which can generate returns […]