Bitcoin Retests $100K As Altcoins Search For Stability

Key points: Bitcoin has remained above the $100,000 level on a closing basis, but the risk of a breakdown remains until the price rises above $108,000. Several major altcoins are holding onto their support levels, but a weak bounce heightens the risk of a breakdown. Bitcoin (BTC) has risen above $101,000, indicating that the bulls…

Bitcoin Retests $100K As Altcoins Search For Stability

Key points: Bitcoin has remained above the $100,000 level on a closing basis, but the risk of a breakdown remains until the price rises above $108,000. Several major altcoins are holding onto their support levels, but a weak bounce heightens the risk of a breakdown. Bitcoin (BTC) has risen above $101,000, indicating that the bulls…

Bitcoin Defi Gets Another Institutional Boost Through Anchorage Digital Custody

Cryptocurrency bank Anchorage Digital is opening institutional pathways into Bitcoin-native decentralized finance (DeFi), providing a regulated gateway to BOB’s Bitcoin–Ethereum ecosystem. The custody service provided by a U.S. federally-chartered bank could provide a boost for institutional participants seeking yield opportunities in BOB’s $250 million total value locked (TVL) DeFi platform, according to an emailed announcement…

Stablecoin Race Heats Up Among Banks and Payment Firms

Traditional finance institutions across the US, Europe and Asia are moving into stablecoins now that regulatory uncertainties are easing. Payment companies like PayPal, Mastercard and Visa are either launching stablecoins, integrating stablecoin settlement into payment systems or building the infrastructure to support them. The race is not limited to corporations but is also developing at…

Safe CEO Says Bybit Hack Exposed Fragmented Self-Custody Security

In February, the cryptocurrency ecosystem stood on the precipice of calamity. Hackers stole $1.5 billion of Ether from crypto exchange Bybit, the largest theft the industry had ever seen. Fears of a contagion-driven market collapse were alleviated by an industry-wide effort to plug the gap at Bybit, and within hours, the exchange regained control of…

Stablecoin Race Heats Up Among Banks and Payment Firms

Traditional finance institutions across the US, Europe and Asia are moving into stablecoins now that regulatory uncertainties are easing. Payment companies like PayPal, Mastercard and Visa are either launching stablecoins, integrating stablecoin settlement into payment systems or building the infrastructure to support them. The race is not limited to corporations but is also developing at…

XRP Price Keeps Dropping Despite Ripple’s Swell Announcements: Is $2 Next?

Key takeaways: XRP fell over 9% after Ripple’s Swell event, extending its November losing streak. A bear flag breakdown and looming death cross point to a possible drop toward $1.65. XRP (XRP) has fallen sharply in the hours since Ripple’s flagship Swell conference, erasing much of the short-lived rally seen during the event itself. Swell…

XRP Price Keeps Dropping Despite Ripple’s Swell Announcements: Is $2 Next?

Key takeaways: XRP fell over 9% after Ripple’s Swell event, extending its November losing streak. A bear flag breakdown and looming death cross point to a possible drop toward $1.65. XRP (XRP) has fallen sharply in the hours since Ripple’s flagship Swell conference, erasing much of the short-lived rally seen during the event itself. Swell…

Zcash Leads Privacy Token Rally as Market Cap Surges

While the rest of the crypto space has entered a slump, traders are banking on privacy tokens, with Zcash leading the charge.  CoinMarketCap data shows that Zcash (ZEC) climbed to a high of $655 earlier Friday, reaching a market capitalization of about $10.6 billion. At the time of writing, the rally had cooled and retraced…

New crypto group aims to make unified standards for blockchain transactions

The Blockchain Payments Consortium, made up of several major crypto firms, was formed to create a “common framework that enhances blockchain transactions.” Source link