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Price analysis 6/28: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC
Select altcoins are looking to capitalize on Bitcoin’s range-bound trading below the 20-day moving average.
Foreign CBDCs and stablecoins unlikely to threaten US dollar, says Fed vice chair
Though Randal Quarles said there was a "legitimate and strong regulatory interest in how stablecoins are constructed and managed," a U. S. dollar-pegged coin could help provide support for its fiat counterpart.
Key Bitcoin price indicator flashes its ‘fifth buy signal in BTC history’
The Puell Multiple just flashed a buy signal for the fifth time in BTC’s history, but its creator cautions that a plunging hashrate and China’s miner purge are important factors to consider.
Bitfinex shorts crumble, bears capitulate after Bitcoin holds above $30K
$726 million in Bitfinex shorts were quickly closed after Bitcoin price bounced at $30,500, leading traders to speculate whether bears have given up.
Ethereum Classic devs announce upcoming hard fork
Ethereum Classic gets a major upgrade in July. Here’s how it will save users on gas fees.
Germany’s financial watchdog approves crypto custody license for Coinbase
Since January 2020, all crypto firms operating in the German market have required BaFin approval.
Morgan Stanley equity fund owns 28.2K shares of Grayscale Bitcoin Trust, per SEC
The investment bank reported owning a significant stake in GBTC as of April 30, according to a recent filing with the SEC.
Internet Computer (ICP) logs revenge recovery after crashing 95% since launch
The long-awaited rebound came as the community accused the Internet Computer team of dumping $6 billion worth of ICP tokens.
Crypto miner Hut 8 plans to hold 5K Bitcoin by 2022
Hut 8 CEO Jaime Leverton said the firm was on track to mine up to 3 additional BTC per day by the end of August.
New York Fed president says crypto poses challenging questions for central banks
John Williams responded to a presentation from Mark Carney, the former head of the Bank of Canada and Bank of England, about the potential for issuing central bank digital currencies.
Singapore’s central bank offers cash prizes for digital currency ideas
The Monetary Authority of Singapore is seeking new retail CBDC solutions with a new global challenge offering cash prizes and expert digital currency mentorship.
Polygon announces scalable data availability infrastructure Avail
The Polygon team is set to launch a data availability solution for sidechains and layer-two protocols.
Iron Finance bank run stings investors — A lesson for all stablecoins?
The Iron Finance stablecoin fiasco caused cries for regulation and shed light on the importance of complete collateralization.
Iranian trade ministry issues 30 crypto mining licenses
Tehran province, which houses the country’s capital, was awarded only one license for operating a crypto mining center.
Crypto exchanges could sue Korean gov't for ‘passing the buck‘ to banks
With many crypto exchanges in South Korea now on a precipice as a new regulatory framework kicks in, some are threatening to sue the government over its alleged shirking of key responsibilities.
Huobi bans crypto derivatives trading for users in China
Chinese users will no longer be able to trade crypto derivatives on the Huobi exchange amid a broader cryptocurrency crackdown from the government.
Ethereum looks to retake $2K days before London hard fork — Big breakout ahead?
The world's second-largest cryptocurrency also surged in tandem with positively correlated Bitcoin, the flagship digital asset.
Operator of China’s first Bitcoin exchange reportedly exits crypto
BTCChina has reportedly sold its stake in the Singapore-registered Bitcoin exchange ZG. com.
Demand for digital euro not yet clear, says BBVA exec
The European Central Bank should rely on public-private cooperation for issuing a digital euro, an exec at BBVA’s digital regulation team said.
Bitcoin short-term setup is challenging, JPMorgan strategists warn
Bitcoin and the crypto market are at the beginning of a healing process, JPMorgan analysts say in a note.