Technical analyst Aksel Kibar stated that a breakout above the $82,800 level in Bitcoin (BTC) price could constitute a significant bullish signal in the current timeframe. Kibar pointed out that a potential rectangular pattern reversal or double bottom formation on the Bitcoin chart could be completed above the 52-week exponential moving average (EMA), which has
Marc van der Chijs, an entrepreneur who co-founded then bitcoin miner Hut 8 (HUT), has become increasingly concerned about the technology to which the company has pivoted: artificial intelligence. “I’ve become more of a doomer over the past week, to be honest,” he told CoinDesk in an interview. The concern marks a shift for an
“The dead cat continues to bounce,” wrote investor Jason Calacanis as bitcoin returned to the $80,000 level on Friday. “What is Bitcoin, 17 years later?” Calacanis went on to argue that Bitcoin isn’t great for transactions or smart contracts, has an intimidating user experience, and no longer captures the public’s imagination. “If it comes up
JPMorgan moves more than $3 trillion through its Kinexys blockchain platform, and Citi Token Services processes billions in cross-border payments daily. Both are great examples of Wall Street giants modernizing their legacy systems and adopting blockchain for cross-border payments; however, neither of them is for the regular person with a savings account. That gap is
The memecoin rush that made Robinhood Chain one of the most expensive networks has cooled, taking 97% of the network’s fee income with it, even as transaction counts held near their highs. That marks a sharp turn from Aug. 30, when applications on the two-month-old chain earned $2.7 million in a day, twice as much
Stablecoin infrastructure provider Bastion said the Office of the Comptroller of the Currency (OCC) had granted it preliminary conditional approval for a US trust bank charter. The charter adds federal supervision from the OCC to the state licenses Bastion already holds, according to a news release on Friday. Still, the proposed bank could not accept
Pyth Network has just announced significant updates to its market coverage, including the introduction of a new India ETF. This move expands their offerings in US equities and commodities, underscoring their commitment to providing comprehensive global market data. For more information, visit the official announcement here. The Story So Far The Pyth Network’s recent announcement
Macro investor Jordi Visser has indicated a significant shift in his views on Bitcoin and the cryptocurrency market, stating that the convergence of artificial intelligence and crypto infrastructure could pave the way for a new era of growth for the sector. Visser, previously known for his more cautious approach to the markets, was described in