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The China Banking Association, the China Internet Finance Association and the Securities Association of China issued a joint statement warning the public about the “hidden risks” of investing in nonfungible tokens, or NFTs.In a Wednesday notice, the three associations launched initiatives aimed at encouraging innovation in the crypto and blockchain
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Crypto hedge fund giant Pantera Capital is set to close a blockchain fund next month that is backed by around $1.3 billion worth of capital. The Pantera Blockchain Fund was announced in May last year, with plans to raise $600 million to invest in early-stage tokens, venture equity, Web3 firms
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Bitcoin (BTC) saw a predictable fall into the Wall Street open on April 11 as bears took the market towards $40,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin edges towards $40,000Data from Cryptox Markets Pro and TradingView showed last week's downtrend gathering pace Monday after a disappointing weekly close.The calm weekend thus
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Bitcoin (BTC) faced a new threat of a dip below $40,000 on April 8 as short timeframes failed to rescue bulls.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin risks return to $38,000 supportData from Cryptox Markets Pro and TradingView showed BTC/USD consolidating in a range bounded by $44,000 prior to Friday’s
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Bitcoin (BTC) kept disappointing hodlers on April 7 as the Bitcoin 2022 conference got underway to limp BTC price performance.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewFed prepares $95 billion monthly balance sheet shrinkData from Cryptox Markets Pro and TradingView followed BTC/USD as it dropped below multiple support levels to reach its
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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
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Bitcoin (BTC) gave $48,000 a second grilling on March 29 after a modest overnight correction provided a welcome respite from the upside.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader has "strong doubts" over crash below $30,000Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it dipped to local lows of $46,900
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Bitcoin approaches the high area around its current levels, for the first time since the start of 2022. The cryptocurrency has seen some relief from the macro factors putting selling pressure on its price action, and a new narrative has revigorated the bulls: BTC as pristine collateral. Related Reading | Malice
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The president of the Federal Reserve Bank of St. Louis, James Bullard, has called for more aggressive measures to combat inflation and reduce the size of the Fed’s balance sheet. “The burden of excessive inflation is particularly heavy for people with modest incomes and wealth and for those with limited
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A new task force set up by the U.S. Department of Justice (DOJ), KleptoCapture, will also target cryptocurrency exchanges. Financial institutions, banks, money transmission services, and crypto exchanges that allow Russian oligarchs to move money “will be in the crosshairs of this investigation.” DOJ’s KleptoCapture Task Force Will Take ‘Broader View’ A
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