Bitcoin heads for dismal weekly close as BTC price rejects at K

Bitcoin heads for dismal weekly close as BTC price rejects at $20K

Bitcoin (BTC) attempted to reclaim $20,000 as support on June 19 as bulls faced a $7,000 weekly red candle. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $16,000 eyed for possible next move Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rising from lows of $17,592 on Bitstamp before being firmly…

How a DAO for a bank or financial institution will look like

How a DAO for a bank or financial institution will look like

DAOs can provide several services for banks, including asset management, compliance and lending. Banks today are already using blockchain technology for things like payment, clearing and settlement, trade finance, identity and syndicated loans, according to The Financial Times. However, there are still many unexplored areas in banking where a DAO-based…

El Salvador president addresses bear market concerns with Bitcoin hopium

El Salvador president addresses bear market concerns with Bitcoin hopium

El Salvador introduced BTC as legal tender on September 7, 2021, when its market price was around $50,000. Ever since, Bukele’s government made significant returns on their initial BTC investments as Bitcoin rallied to its all-time high of $69,000, which was redirected to the country’s various infrastructure development initiatives. However,…

Elon Musk’s support for Dogecoin grows stronger following 8B lawsuit

Elon Musk’s support for Dogecoin grows stronger following $258B lawsuit

Not even a $258 billion class-action lawsuit alleging a crypto pyramid scheme could stop Elon Musk from publicly displaying his continued support for Dogecoin (DOGE). On June 16, a New York district court received a class action complaint against the world’s richest man Elon Musk and his companies, SpaceX and…

BIS to launch market intelligence platform amid stablecoin, DeFi collapse

BIS to launch market intelligence platform amid stablecoin, DeFi collapse

The Bank for International Settlements (BIS) Innovation Hub announced the launch of a new set of projects targeting various aspects of traditional and crypto payments — including a cryptocurrency market intelligence platform and security for retail central bank digital currency (CBDC). BIS’s cryptocurrency market intelligence platform will be launched under…

Crypto prices continue to tank, lawsuit takes aim at Binance.US, and Celsius moves 0M worth of digital assets: Hodler’s Digest, June 12-18

Crypto prices continue to tank, lawsuit takes aim at Binance.US, and Celsius moves $320M worth of digital assets: Hodler’s Digest, June 12-18

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week     Binance ends support…