Bitcoin dipped below $18,000 before recovering on higher-than-average spot volume. Meanwhile, ether’s price performance is showing a divergence from bitcoin.Bitcoin (BTC) trading around $18,374 as of 21:00 UTC (4 p.m. ET). Slipping 0.85% over the previous 24 hours.Bitcoin’s 24-hour range: $17,990-$18,752 (CoinDesk 20)BTC below its 10-day and 50-day...
Former Federal Reserve Chair Janet Yellen is set to become the next head of the U.S. Treasury Department.Yellen was one of three frontrunners to get the nod, the Washington Post said, alongside Federal Reserve Governor Lael Brainard and former Fed Vice Chair Roger Ferguson. Yellen herself ran the...
In their “Flows & Liquidity” report, JP Morgan analysts say institutions are piling into bitcoin at a stronger pace this quarter than they were in Q3 and may have a bigger role in price movement than quantitative traders.
When demand from these two sources alone exceeds the entire supply of newly minted bitcoins, expect serious supply pressure to follow.Our main discussion: a narrative shift, growing attention and a bitcoin shortage. What happens when demand exceeds supply and supply is being gobbled up aggressively by new market...
It has become clear by now that Central Bank Digital Currencies or CBDCs will be in our future and the technology will fundamentally change the use of money and the economic system as a whole.The world’s biggest economies and their central banks have announced working on CBDCs: the...
Gnosis, one of Ethereum’s earliest ICOs, is spinning up a DAO that uses a novel mode of governance you’ve probably never heard of.The newly launched GnosisDAO will allow Gnosis users to vote on platform governance and development.Gnosis CEO Martin Köppelmann told CoinDesk the DAO’s voting proposals “can be...
The U.S. government is using Circle’s USDC to bypass Venezuelan blockades. Chainalaysis is looking to raise $100 million in fresh capital at a $1 billion valuation. Billions of dollars from institutional players are flowing into Coinbase. And VanEck found that bitcoin is less volatile than a quarter of...
Bitcoin is trading above $18,500, having charted a minor pullback to $17,800 over the weekend. The cryptocurrency’s one-month implied volatility metric has jumped to four-month highs, suggesting increased expectations for price turbulence over the next four weeks.“It’s likely the week ahead is filled with volatility with the possibility...
When I lived in Chile during the 2000s, I would bring a book to the bank because there was always a one-hour wait just to talk to a teller. Registering a mortgage for a makeshift dwelling in Rocinha (a favela in Rio de Janeiro) was a seemingly impossible...
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