Bitcoin targets record 8th weekly red candle while BTC price limits weekend losses

Bitcoin targets record 8th weekly red candle while BTC price limits weekend losses

Bitcoin (BTC) gave bears little joy over the weekend as the May 22 weekly close looked set to revolve around $30,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Waiting for Bitcoin to “make a decision” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it held a narrow range…

Bitcoin stands apart from other crypto, and what that means for US public policy

Bitcoin stands apart from other crypto, and what that means for US public policy

United States President Joe Biden’s executive order on digital assets has kickstarted an interagency mission to support financial innovation while protecting American consumers and interests. While many industry leaders welcome the constructive tone, some critics hope for a crackdown. We don’t blame them. Many cryptocurrency projects operate behind thin veils…

How to incorporate a DAO and issue tokens to be ready to raise money from VCs

How to incorporate a DAO and issue tokens to be ready to raise money from VCs

What is a DAO? A DAO, or decentralized autonomous organization, is an online-based organization that exists and operates with no single leader or governing body. DAOs are run by code written on a blockchain like Ethereum (ETH) and are owned and operated by the people who use them. There are…

The tools for a truly decentralized future

The tools for a truly decentralized future

Attendees to the BlockDown Croatia 2022 festival were witness to Cointelegraph’s discussions around sociopolitics of the Web3 ecosystem, non-fungible tokens (NFT) and the Metaverse. It turns out that ongoing innovations across the crypto ecosystem are well-positioned to dictate the future of media and entertainment. While crypto continues to blur the…

Bitcoin ends week ‘on the edge’ as S&P 500 officially enters bear market

Bitcoin ends week ‘on the edge’ as S&P 500 officially enters bear market

Bitcoin (BTC) struggled to recover its latest losses on May 21 after Wall Street trading provided zero respite. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price reflects drab stocks performance Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading at dipping below $28,700 into the weekend, subsequently adding around…

Arthur Hayes to serve 2-year probation owning up to BitMEX’s AML mishap

Arthur Hayes to serve 2-year probation owning up to BitMEX’s AML mishap

Bringing closure to the long-awaited judgment related to the money laundering activities over the BitMEX crypto exchange, one of the four federal district courthouses in New York reportedly sentenced two-year probation and six months of home detention to founder and ex-CEO Arthur Hayes. Arthur Hayes, along with the other BitMEX…