Crypto News

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Imagine two major newspapers both endorsing the same presidential candidate. The joint support indicates that the candidate probably has a broad backing.Similarly, when price charts for both bitcoin BTC and Strategy (MSTR) — the largest publicly-listed BTC holder — show concurrent bullish signals, it’s likely a strong sign that the market and major institutional players are aligned.Daily price charts for both BTC and MSTR show their 50-day simple moving averages (SMA) crossing above their 100-day SMA to confirm a so-called bullish crossover. It's a sign the short-term trend is now outperforming the longer-term trend, which could be a signal of the beginning of a major bull...

An AMLBot report claims that Tether’s multi-signature set up for freezing funds creates a “critical window” for illicit actors to exploit.Source link

Coinbase suffered a data breach after bribed overseas support agents enabled access to sensitive user data. A $20 million reward fund has been set up to aid the investigation. Hackers Bribe Support Staff to Steal Coinbase User Data in Stealth Attack Crypto exchange Coinbase (Nasdaq: COIN) disclosed on May 15 that a group of bribedSource link

Visual effects firms need to use AI tools “thoughtfully,” argued Industrial Light & Magic boss Rob Bredow.Source link

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3216.65, down 2.4% (-79.51) since 4 p.m. ET on Wednesday.None of the 20 assets are trading higher.Leaders: BTC (-0.9%) and LTC (-1.8%).Laggards: NEAR (-5.7%) and POL (-5.6%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link