Bitcoin (BTC) recovered from a dip below $50,000 on Dec. 8 as Wall St. trading opened on a fresh bullish note. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin market ditches “extreme fear” Data from Cointelegraph Markets Pro and TradingView captured a classic rally for BTC/USD on hourly timeframes, gaining $2,000 in a single one-hour candle. The
Payments giant Visa has launched global crypto advisory services. The company’s executive says: “We’ve seen a material shift in our clients’ mindset in the last year, from a desire to explore and experiment with crypto, to actually building a strategy and product roadmap.” Visa’s Global Crypto Advisory Services Payments giant Visa announced Wednesday the launch
Cryptocurrency exchange Coinbase has added a mirrored version of the Ethereum blockchain’s native token Ether (ETH) to its crypto price index, just ahead of a key network upgrade on Dec. 10. Dubbed “ETH2,” the symbol appeared to have been tracking the original Ether market data synchronously. For instance, the cost to purchase ETH2 came out
The Reserve Bank of Australia (RBA) published a report into its two-year research project into wholesale central bank digital currencies (CBDCs) that emphasized the benefits of digitizing and autonomizing manual, paper-based banking processes using distributed ledger technology (DLT). The report marks the conclusion of the two-year project named “Project Atom” that was conducted in partnership
Reddit has launched a waitlist for the upcoming site-wide expansion of its Ethereum-based ‘Community Points’ token rewards program, as well as a dedicated website. The social media platform, which runs on upvotes that earn users’ karma scores, first dabbled in crypto token rewards in Dec 2019, when it launched Ethereum-based token rewards called “Donuts” in
Bitcoin (BTC) bulls are still licking their wounds from the bloody Dec. 4 correction, which saw the price collapse from $57,000 all the way to $42,000. This 26.5% downside move caused $850 million in long BTC futures contracts to be liquidated, but more importantly, it shifted the “Fear and Greed index” to its lowest level
On Wednesday, Nikhil Rathi, CEO of the United Kingdom’s Financial Conduct Authority, or FCA, issued the following statement to the Treasury Committee when asked about the risks of the much-unregulated cryptocurrency sector in the country: When we talk about the compensation scheme, we have to draw some pretty clear lines. I would suggest anything is
The roller coaster ride that is the cryptocurrency market continued its volatile ways on Dec. 8 as Bitcoin (BTC) price briefly slipped below the $49,000 level. Despite the setback, there are still clear signs that crypto mass adoption is taking place, a prime example being Visa’s announcement the it will launch crypto consulting and advisory services
Payments giants Visa is launching new consulting and advisory services in a move to help its clients navigate the world of cryptocurrencies. The firm said on Dec. 8 that its crypto advisory practice, housed within its consulting and analytics division, will offer advice to financial institutions, retailers and other firms on everything from rolling out
Bitfury CEO and former Acting Comptroller of the Currency Brian Brooks has hinted the regulatory environment in the United States could drive many crypto firms outside the country, and has already stymied companies attempting to offer a variety of financial products. Speaking at a Wednesday hearing on Digital Assets and the Future of Finance with
French crypto-friendly fintech startup Lydia has raised $100 million in a Series C funding round, per a report in TechCrunch. The latest capital raise reportedly helped Lydia attain unicorn status with a valuation of over $1 billion. The $100-million fundraise comes nearly a year after its Series B funding round of $86 million in December
A new unnamed investor has offered to bail out Africrypt, the collapsed South Africa-based crypto investment company, with $5 million. The offer, which does not require criminal charges against Africrypt directors to be dropped, must be accepted within seven days. A Better Offer A new mystery investor has offered to bail out the collapsed crypto
Major cryptocurrencies Ether (ETH) and Dogecoin (DOGE) made the list of the world’s top searched terms in 2021 on Google On Dec. 7, Google released its traditional annual list of the top searches for the year, breaking them down into several categories including searches, news, people, games, movies and others. According to Google Trends’ Year
The Bank of Thailand has stated that it does not want commercial banks to be directly involved in the trading of crypto assets. The edict came from central bank senior director Chayawadee Chai-Anant on Dec. 7 who cited risks associated with high price volatility. “We don’t want banks to be directly involved in digital asset
The United States House Committee on Financial Services released a memorandum detailing the points of discussion during the hybrid hearing on digital assets, to be held today at 10:00 a.m. ET. Addressing the members of the Financial Services Committee, the memo confirmed that the hearing will dedicate one panel to six executives from the crypto
Bitcoin (BTC) retained $50,000 as support overnight into Dec. 8 amid confidence that the 2021 bull market was not yet over. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Silver lining for BTC weekly Data from Cointelegraph Markets Pro and TradingView showed BTC/USD testing but failing to crack through $50,000 after reaching local highs of $51,990 on
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