Trading Legend Don Wilson: Asian Demand High for Bitcoin Futures

Don Wilson, founder of high-speed trading firm DRW, said bitcoin derivatives trading in Asia hours is almost equal to the volume he’s seen in the U.S., something he says is an anomaly when compared to other financial instruments. In a fireside chat at the CoinDesk Consensus Singapore 2018 conference with Quartz’s John Detrixhe, Wilson discussed […]

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Palestinians Are Using Bitcoin to Transact Across Borders Amid Conflict

For a small but growing community of users in the occupied Palestinian territories of the Gaza Strip and the West Bank, bitcoin has become a lifeline. Ahmed Ismail, a financial analyst in Gaza, estimated there are at least 20 unofficial “exchange” offices there dealing cryptocurrency to local users. Ismail himself helps 30 clients use bitcoin […]

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Gas Ain’t Gold: Why Ether’s Price Could Tank Even If Ethereum Succeeds

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. The virtuous circle that saw buyers of ethereum-based ERC-20 tokens drive ether’s price above $1,400 […]

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Open Heart Surgery: Inside Ethereum’s Crucial Replacement of the EVM

At the heart of ethereum lies a virtual computer. Stored across tens of thousands of nodes that make up the platform, the ethereum virtual machine, or EVM, is responsible for executing the countless tokens, dapps, DAOs and digital kittens of which the blockchain is comprised of. It’s an engine on top of which the entirety of […]

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Coinbase’s New NYC Office to Hire 100 in Wall Street Crypto Push

The crypto industry unicorn Coinbase has aggressive growth plans for its newly opened New York office, which caters to institutional clients. The digital asset exchange plans to expand the operation to 150 employees next year, from 20 currently. According to the company, the slump in cryptocurrency prices this year has not quelled institutional demand for […]

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IBM, Hacera Create Distributed ‘Yellow Pages’ for Blockchain Networks

IBM has teamed up with enterprise blockchain firm Hacera to launch a yellow pages-like directory aimed to make it easier for interested companies to participate in blockchain projects across the globe. Jerry Cuomo, vice president at IBM Blockchain, wrote in a blog post on Thursday that the directory – called Unbounded Registry – is now up […]

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Bitcoin Price Looks North After Passing $6.4K Resistance

Bitcoin (BTC) is teasing a decent bullish move, having cleared crucial resistance a few hours ago. The leading cryptocurrency moved past $6,400 earlier today, signaling that bearish exhaustion – as indicated by Tuesday’s spinning bottom candle – is paving way for a corrective rally. Notably, the positive price action was preceded by a solid defense […]

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Bitcoin Price Charts Hint at Recovery Rally Above $6.4K

Bitcoin (BTC) could witness a minor corrective rally if the bulls’ persistent defense of key support leads to a break above the resistance at $6,400, technical charts indicate. The leading cryptocurrency suffered a downside break of the symmetrical triangle in the early U.S. session yesterday, signaling a revival of the sell-off from the recent highs […]

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IMF Advises Against Crypto as Legal Tender in Marshall Islands Report

The International Monetary Fund (IMF) has advised against the Republic of the Marshall Islands’ plan to introduce a digital currency as a second legal tender alongside the U.S. dollar. The Marshall Islands – a remote chain of islands in the central Pacific – passed a law on the issue in February, aiming the planned the “Sovereign” […]

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Bitcoin Retains Bear Bias Despite Recovery From 25-Day Low

Bitcoin’s (BTC) recovery from 25-day lows seen over the weekend has done little to alleviate the near-term bearish bias, technical studies indicate. The leading cryptocurrency fell to $6,119 on Bitfinex on Saturday – the lowest level since Aug. 14 – bolstering the bearish setup established by a sudden $1,000 drop witnessed during a 24-hour period […]

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