Bitcoin Golden Cross “Is Official” According To Capital Manager

The Bitcoin golden cross, a signal that has traditionally been a bullish indicator, is now official, according to a capital manager. The Famous Bitcoin Golden Cross Now “Official” According to a capital manager on Twitter, the Bitcoin golden cross is now official. This is only the eighth time in the history of the coin that such a cross has occurred. The “golden cross” has been the topic of discussion all over the online crypto communities today, but what is it that makes it so special? Well basically, a golden cross…

SkyBridge Capital Files With SEC To Launch Crypto-Adjacent Exchange-Traded Fund

Global investment firm SkyBridge Capital has filed with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) focused on cryptocurrencies and other digital assets. According to the Tuesday filing, First Trust SkyBridge Crypto Industry and Digital Economy ETF will invest at least 80% of their net assets into companies related to the digital economy and the crypto industry ecosystem, but not digital assets themselves. SkyBridge defines the “crypto industry ecosystem” to be companies involved in servicing the crypto-asset markets, including crypto mining firms, crypto mining equipment…

EU set to invest $177B in blockchain and other novel technologies

The European Union is reportedly looking to bolster technological development in the region with a planned $177 billion investment war chest. According to Bloomberg, EU officials plan to fund direct investments in areas like blockchain, data infrastructure, 5G, and quantum computing, among others. The planned $177 billion investment fund is about 20% of the 750 billion euros ($887 billion) stimulus package agreed upon by EU leaders back in July 2020 to kickstart economic recovery amid the ongoing COVID-19 pandemic. Speaking on Wednesday, Ursula von der Leyen, President of the European…

The Upside of a Gensler-Led Crackdown

SEC Chairman Gary Gensler yesterday delivered lengthy testimony before the Senate Banking, Housing and Urban Affairs Committee, covering a variety of topics including the agency’s plans for more structured regulation of cryptocurrency. With many in the industry decrying what has often appeared to be a scattershot and improvised approach to crypto regulation, Gensler told the committee that his SEC staff is hard at work drafting new, clearer rules for the industry. Gensler made one particularly notable comment, saying that the publicly traded crypto exchange Coinbase is offering “dozens of tokens…

Everything You Need To Know About The Bullish Signal

Today, the talk across the crypto market is that Bitcoin price is forming a Golden Cross – a potentially bullish signal according to conventional knowledge. But this is the cryptocurrency market, and anything is possible given the potential for sudden, sweeping regulation, hacks, or worse. With the Golden Cross now here, we are looking back at the history of the signal, and breaking down exactly what it means and how this could impact Bitcoin price action in the days ahead. Bitcoin Price Forms Eighth Ever Golden Cross Forget the digital…

We Buy Any Car, Sports Direct and Saga fined £495,000 after sending millions of ‘frustrating and intrusive’ nuisance messages.

The ICO has today announced fines totalling £495,000 to well-known companies that between them sent more than 354 million nuisance messages. We Buy Any Car was fined £200,000 for sending more than 191 million emails. The firm also sent 3.6 million nuisance texts. Saga Services Ltd and Saga Personal Finance were fined £150,000 and £75,000 respectively for instigating more than 157 million emails between them. Sports Direct has been fined £70,000 for sending 2.5 million emails. None of the companies had permission from people to send them marketing emails or…

Bitcoin steals $47K from bears as critical BTC price resistance crumbles

Bitcoin (BTC) tentatively reclaimed $47,000 on Sept. 15 in a move which analysts believe should open up the path to $50,000.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin bulls escape another retest of lows Data from Cointelegraph Markets Pro and TradingView showed BTC/USD holding the $47,000 mark Wednesday, this being crucial to flip for bullish continuation. The level had seen fierce defense by whales the day before, but bulls ultimately won the upper hand, lifting Bitcoin out of a multi-day descending channel. Even a dip towards $46,000 failed to materialize,…

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Zabu Finance Suffers First Big Exploit in Avalanche Defi, Loses $3.2 Million – Defi Bitcoin News

Zabu Finance, a decentralized yield farming protocol on Avalanche, suffered the first big hack related to the chain. The protocol was the victim of an exploit that allowed an attacker to steal $3.2 million in tokens, according to reports. The core of the exploit happened due to a vulnerability in the design of the Spore token, which allowed the minting of 4.5 billion zabu that were successfully withdrawn from the platform, taking the value of the currency to 0. Zabu Finance Suffers First Big Avalanche Hack Zabu Finance,…

Crypto Market Review: April 7th, 2021

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