The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now…
CryptoQuant Analyst Reveals Signal That Shows Bitcoin Is Still Very Bullish
The Bitcoin price movement in the past few days after the halving event has left many investors wanting. Particularly, price data shows the crypto failed to settle above $65,000 las week. At the time of writing, Bitcoin is trading at $62,105, down…
OpenAI announces new publishing deal as race to license content heats up
A new strategic partnership between OpenAI and the Financial Times aims to integrate FT journalism into its AI models for more accurate and reliable information and sources.
Financial nihilism is a common philosophy in Web3 but, ultimately, there’s no way to build long-lasting value without finding real customers for real products and services that solve actual problems, says Lex Sokolin.
Stablecoin Legislation Must Respect the Dual-Banking System
The Lummis-Gillibrand stablecoin bill subordinates state regulation to federal control, giving Washington too much power as to which entities can issue these important digital assets, say Jack Solowey and Jennifer J. Schulp at the Cato Institute.
Why the DOJ May Have Recommended a Three-Year Sentence for CZ
Former Binance CEO Changpeng "CZ" Zhao now faces the genuine possibility that he'll spend three years in federal prison in the U.S. – well above the possible 18 months laid out in his plea agreement.
As ethereum continues its price fluctuations, technical indicators on the 1-hour, 4-hour, and daily charts suggest a bearish outlook with mixed trading signals. Despite some bullish undercurrents, the predominant sentiment remains cautious…
First Mover Americas: Bitcoin, Ether Sink Amid U.S. Stagflation Fears
The latest price moves in bitcoin (BTC) and crypto markets in context for April 29, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
CZ Sentencing Letters Paint Former Binance CEO as Devoted Family Man, Friend
More than 160 of Changpeng “CZ” Zhao’s loved ones, friends and colleagues have written to a Washington judge ahead of the Binance founder and former CEO’s sentencing tomorrow, asking for leniency and painting a picture of Zhao as a devoted father
Legendary Trader Predicts When Bitcoin’s Bull Run Will End
In a recent analysis, veteran trader Peter Brandt delved into the price behavior of Bitcoin, suggesting that the cryptocurrency might have reached its peak for the current cycle. According to Brandt, Bitcoin is exhibiting signs of…
Google says no 'straight line' between generative AI and unemployment — for now
A new study published by Google highlighted the economic repercussions of generative AI and its probable influence on employment trends and workforce dynamics.
As of April 29, 2024, bitcoin remains under considerable bearish pressure according to multiple indicators across different time frames. Currently trading at $62,279, bitcoin has shown a 24-hour range between $61,994 and $63,929. Bitcoin…
Jay Ricky Villarante, the CEO of Moneybees, said that the decision to ban Binance reflects the importance of regulatory compliance and oversight in the industry.
Taiwanese Prosecutors Indict 32 Individuals Implicated in $24.5 Million ACE Exchange Fraud Scheme
At least 32 individuals connected to the now-defunct Taiwan-based cryptocurrency exchange, ACE Exchange, have been indicted on fraud charges. Prosecutors have recommended 20-year jail terms for the founder, David Pan, and his business partner…
First Bitcoin ETF to launch in Australia in 2024: Bloomberg
The Australian Securities Exchange (ASX), which accounts for the majority of trading volume in Australia, is expected to approve the country's first spot bitcoin ETFs on ASX before the end of 2024, according to a recent Bloomberg report citing…
Polygon In Peril: Will MATIC Bounce Back Or Stay Stuck In The Sub-$1 Doldrums?
Polygon (MATIC), the high-speed scaling solution for Ethereum, has been on a rollercoaster ride this month. After a brutal price correction that saw MATIC tumble over 20%, a recent 24-hour surge has injected a dose of optimism into the market. But…
Worst month since 2022 bear market? 5 things to know in Bitcoin this week
Bitcoin is on course for 12% losses in April, and with the monthly close just days away, it could end up sparking the weakest BTC price action in more than a year.
Yuga Labs Resumes Layoffs; CEO Says Web3 Platform ‘Lost Its Way’
According to Greg Solano, co-founder of Yuga Labs, the Web3 platform has laid off additional workers partly because it had “lost its way.” Solano also encouraged employees uninterested in the next phase to consider accepting the same…
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