Pro basketball league in Canada will offer players Bitcoin salaries

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The Canadian Elite Basketball League will be allowing players from its seven teams to accept a portion of their salaries in Bitcoin starting next week. According to a Thursday announcement, the Canadian Elite Basketball League, or CEBL, has partnered with...

Bitcoin’s correlation with gold and stocks is growing

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Bitcoin (BTC) is an uncorrelated asset, or so the narrative used to go. For much of Bitcoin’s lifetime, it existed as something of value to a very small group of people. Now, awareness and demand are accelerating rapidly. So,...

Russian oligarch Deripaska blasts Bank of Russia for ignoring Bitcoin

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Russian industrial tycoon Oleg Deripaska is the latest figure to criticize the Bank of Russia’s stance on cryptocurrency regulation in the country.Deripaska took to his official Telegram channel on Thursday to blast the Russian central bank for pressuring the...

Bitcoin price completes leg down to $37.4K as key indicator hits record ‘oversold’ level

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Bitcoin (BTC) broke through $38,000 support on June 18 but a reversal at solid support already has traders seeking fresh upside.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin buy wall sees big testData from Cointelegraph Markets Pro and TradingView showed BTC/USD...

Goldman Sachs analysts divided over whether Bitcoin is an ‘investable asset class’

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Wall Street investment bank Goldman Sachs has made another U-turn on its stance toward Bitcoin as it struggles to define the asset’s investment status.The investment bank flip-flopped again in its approach to cryptocurrencies with a report issued earlier this...

Institutions are ‘desperate’ for crypto

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As FTX and Alameda Research increasingly enter the public eye, one side effect is that the decabillionaire is himself a growing public figure. Especially after a significant donation to Joe Biden’s campaign for the US presidency, some observers hoped...

Traders search for bearish signals after Bitcoin futures enter backwardation

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An unusual phenomenon called 'backwardation' is taking place in Bitcoin (BTC) futures trading, mainly the June contract, which expires on June 25. The fixed-month contracts usually trade at a slight premium, indicating that sellers request more money to withhold settlement...

As NFT market cools, a chance to learn lessons from its explosive growth

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What a difference three months makes. Back in March, there was a jubilant atmosphere when Beeple’s mega nonfungible token sold for $69.3 million. You didn’t have to look far to find bold proclamations that crypto art was the next...

Gelato Network launches ‘G-UNI’ Uniswap v3 management token

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While Uniswap’s highly-touted v3 has been racing to the top of TVL charts as of late, the need for active management has kept some retail participants out of their pools — a problem that a new product from the...

Mirror Protocol silently rallies 30% overnight despite crypto market slump

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Mirror Protocol (MIR) emerged as one of the best performing tokens in the cryptocurrency market on May 17, even as its top trading rivals Bitcoin (BTC) and Ether (ETH) struggled to find direction after a depressive previous daily session.The...

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Eth2 becomes the fourth-largest staking network and it keeps growing

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Ethereum 2.0 has already emerged as the fourth-largest proof-of-stake network by total value locked in staking within roughly six weeks of the Eth2 deposit...