Day: August 16, 2024

Bitcoin Price (BTC) Rose 1.3% While Ether Price (ETH) Rose 1.7%

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Bitcoin Risks Further Decline As Bearish Death Cross Returns

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A crypto analyst has unveiled a new bearish death cross for Bitcoin (BTC), the world’s largest cryptocurrency. According to the analyst, Bitcoin is at risk of further price stalls before any potential upward movement.  Bitcoin Prints Another Bearish Death Cross In an X (formerly Twitter) post on August 15, a crypto analyst identified as ‘Mags,’ shed light on Bitcoin’s recent price movements, emphasizing key pattern formations and the cryptocurrency’s future outlook. Sharing a chart illustrating Bitcoin’s price action from October 2023 to August 2024, Mags observed that BTC has printed…

Opponents of Academic Freedom Get History Wrong

Academic freedom is under assault in the U.S. This attack has included state censorship of educational materials and classroom discussions; bans on initiatives to promote diversity, equity, and inclusion; and proposals to end tenure and faculty governance. Many right-wing officials even embrace the notion that conservatives should capture and reshape higher education to serve hyper-partisan interests, led by appointees who come from outside of academia and are instead loyal to state power holders. In 2023, Virginia Governor Glenn Youngkin directed all of his appointees to university boards to consider themselves…

Bitcoin in a gray zone as Morgan Stanley, Goldman Sachs diverge

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Bitcoin’s price was stuck in a tight range on Friday as traders and investors’ sentiment waned and Goldman Sachs and Morgan Stanley diverged. Bitcoin (BTC) was consolidating below $59,000, dropping by almost 7% from its highest point last week. In contrast, global stocks are on track to have the best week in nine months as recession jitters fall.  Goldman Sachs invests in BTC A key event in the Bitcoin market happened in this week’s filings by major American banks. Goldman Sachs, one of the most prestigious names on Wall Street,…

Nigeria Court Freezes $38M of Crypto Allegedly Sent to Support Protests in the Country: Reports

Earlier this year, the Bank of Nigeria Governor Olayemi Cardoso said crypto exchange Binance had allowed $26 billion of funds to leave the country untraceably last year, hitting tax revenues. That kicked off a series of events that resulted in the detention of Tigran Gambaryan, a U.S. citizen and a Binance official, who had been invited to the country for talks about the dispute. Source

Crypto Trades Little Changed Following Thursday’s Slide

The crypto market was in quiet mode during the Asian and European mornings to end the week, with bitcoin 0.45% lower over 24 hours near $58,500. ETH lost 0.7%, while SOL led gains, adding 0.44%. The broader digital asset market, as measured by the CoinDesk 20 Index, is about 0.39% higher. Bitcoin capitulated to under $57,000 late Thursday, a drop for which there was no obvious catalyst, given that both the Nasdaq and S&P 500 were ticking upward at the time. Source

Digital Payments Platform Flexa Launches Crypto Point-of-Sale Tool

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Is Dogecoin Headed For A 40% Slide? This Analyst Thinks So

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Dogecoin has finally reached a very precarious moment. The former darling of the meme token world turned into a bearish trend, with recent charts unveiling a concerning decline. Related Reading Analysts made the observation that DOGE has dropped below a key resistance area that formerly acted as a crucial support level, a sign of more losses in store. Investors are now worried that in case it continues failing to find stability, it could drop another 38% to 40%. Other major support levels are at $0.055-0.0628; and breaking these could set…