Bitcoin Price Indicator is Most Bearish Since December

View Bitcoin’s weekly moving average convergence divergence (MACD) histogram is reporting strongest bearish bias since December, suggesting the cryptocurrency may soon dive out of a narrowing price range. Daily chart indicators are also biased bearish. A range breakdown, if confirmed, would open the doors for a drop below $9,000. A range breakout would imply a… Read More »

Swiss Stock Exchange SIX Launches Digital Assets Exchange Prototype

Swiss stock exchange SIX has launched a pilot version of its exchange and central securities depository (CSD) for digital assets. The prototype platform, launched under its digital assets subsidiary SIX Digital Exchange (SDX), is expected to see more functionality added as it approaches a full launch slated for Q4 2020, according to an announcement emailed… Read More »

MicroBT Expects $400 Million in Q3 as Bitcoin Miner Sales Surge

MicroBT, the maker of WhatsMiner bitcoin mining equipment, says it has made about $400 million in just a few months, despite delays to its chip supply. Yang Zuoxing, founder and CEO of the Shenzhen, China-based firm, said in a keynote speech at the New Era Mining Summit hosted by mining pool Poolin on Sunday that… Read More »

What Billions in Fed Repo Injections Reveal About the Promise of Bitcoin

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. ————— Last week, the Federal Reserve injected $278 billion into the securities repurchase, or “repo,”… Read More »

Facebook Reveals Libra Crypto’s Currency Basket Breakdown: Report

Facebook has reportedly revealed the percentage breakdown of a basket of global currencies that will underpin its Libra cryptocurrency. While it’s already known that 50 percent of the basket will be on the U.S. dollar, the German newspaper Der Spiegel said in a report on Friday that the remaining portion will consist of the euro,… Read More »

Bakkt Is Finally Launching Its Bitcoin Futures Today. Here’s What to Expect

Bakkt is finally here. After twodelays and 13 months of questions, the Intercontinental Exchange-backed bitcoin warehouse and futures contract facilitator is launching Monday, opening the door for institutional investors to take positions on the cryptocurrency in a federally regulated venue. Trading is set to open at midnight UTC and close at 22:00. For the first… Read More »

WATCH: Chainlink CEO Talks Data Oracles

Chainlink CEO Sergey Nazarov spoke at CoinDesk’s Invest: Asia 2019 conference in Singapore on current products and future developments for the Chainlink platform. An API bridging service, Chainlink connects smart contract platforms – like decentralized finance products – to oracles containing real market data and event information. At Invest: Asia, Nazarov said the platform is… Read More »

Bitcoin Lightning Network Specs Pass First ‘Formal’ Security Test

A pair of researchers have released the results of a formal verification of bitcoin’s lightning network. Lightning is new(ish), experimental, and bugs that could lead to loss of user funds are still being discovered. But even so, the paper – released last month by researchers Aggelos Kiayias and Orfeas Litos from The University of Edinburgh.… Read More »