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Bitcoin (BTC)

Coinbase Files Amicus Brief to Support Grayscale in Spot Bitcoin ETF Lawsuit Against SEC

Grayscale’s lawsuit against the SEC has started gaining traction as prominent names from the crypto industry rallied behind the asset manager. The latest one to chime in is Coinbase. The cryptocurrency exchange has filed an amicus brief backing Grayscale Investment’s lawsuit against the United States Securities and Exchange Commission (SEC) for disapproving the company’s proposal for a spot Bitcoin ETF application earlier this year. “Double Standards” In its battle against...

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Bitcoin Could Be Entering “Unstoppable Maturation” Stage: Bloomberg Intelligence

Mike McGlone – Senior Commodity Strategist for Bloomberg Intelligence – recently suggested that Bitcoin could be entering its “unstoppable maturation” stage as a nascent technology. The strategist also characterized Bitcoin as a possible leading market indicator, which could currently be signaling an end to Federal Reserve rate hikes.  Bitcoin as Global Collateral As McGlone explained in a post over LinkedIn, crude oil has risen back to $84 per barrel, which “may indicate the...

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Crypto Money Laundering Case in China Ends

A billion-dollar crypto money laundering case in China has come to an end. Authorities say they busted an illicit group of money launderers who used a total of 40 billion yuan (roughly $5.6 billion in USD) to purchase digital currency funds. China Is the Center of a Major Crypto Money Laundering Case Arrests of over 90 individuals alleged to have been involved in the case recently occurred in the county of Hengyang, which is centered in China’s southern province of Huna....

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UK Inflation Surges to 40-Year Highs, What Does it Mean for Bitcoin?

The inflation rate in the United Kingdom surpassed 10% for the first time in the past 40 years. Local economists warn that the figures could rise to 11% in the following months, driven by soaring food and fuel prices. What does it mean for Bitcoin, though? Unseen Inflation in the Last 40 Years The past few years have been rather problematic for the UK and its economy. At the beginning of 2020, the country left the European Union after 52% of the locals voted in favor of...

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BTC Rejected at $20K, is $18,000 the Next Target for Bears? (Bitcoin Price Analysis)

Bitcoin’s price continues to trade sideways as no big movements in either direction have taken place. As of this writing, the $18K and $20K levels are yet to be broken. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price recently retested the broken, bearish trendline and the $18K support level. These levels provided enough support to prevent another dip toward lower prices. However, the 50-day moving average located at around $19K is persisting as...

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Crypto Billionaires Push BTC to Fight Inflation

With inflation at an all-time high and running rampant like never before, it appears crypto at least has some sort of voice regardless of how thin or quiet it might be. Inflation Is Getting Worse and Worse Inflation has gone crazy under incompetent leaders like Joe Biden. As a result, fiat currencies all over the world from USD to the euro to the pound have suffered greatly, and the Fed has been forced into a position of continually having to hike rates. This has led to...

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Space Kek : Cross-Input Signature Aggregation

Lounès Ksouri, Theo Pantamis, Loïc Morel et Sosthene animeront ce soir un Space Twitter autour de CISA (Cross-Input Signature Aggregation). Un des avantages de l’algorithme de signature de Schnorr par rapport à ECDSA est sa linéarité. Cela permet à plusieurs signataires de construire une seule signature qui prouve qu’un message a été autorisé par plusieurs clés. L’idée derrière CISA est de ne...

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