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Internet Computer Falls Nearly 25% After Rising Above $6.50

PCI$4.9991 pulled back from its rally above $6.50 to trade just below $5 throughout European morning Wednesday, nearly 25% below Tuesday’s high. ICP saw a sharp rise through resistance on Tuesday, gaining as much as 64% to eclipse the $6.50 mark, before profit-taking capped much of those gains, according to CoinDesk Research’s technical analysis data

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Gemini prepares to offer prediction market contracts: Bloomberg

Cryptocurrency exchange Gemini (GEMI) plans to enter the prediction market business, Bloomberg reported on Tuesday. The exchange founded by Cameron and Tyler Winklevoss has discussed unveiling products in this area as soon as possible, according to the report, citing people familiar with the matter. Gemini, which became a publicly traded company on the Nasdaq Global

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This pattern has appeared three times since late 2023, triggering BTC price corrections

Bitcoin BTC$101,474.35 On Tuesday, it briefly fell below $100,000 for the first time since June, hitting a low of around $98,951. The decline brought the largest cryptocurrency below two key support levels needed to sustain the current bull market, fueling fears that the decline could deepen. The two levels, the 365-day simple moving average (SMA)

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Adam Back and Switzerland’s FUTURE secure 28 million Swiss francs to build a BTC treasury

Future Holdings AG (FUTURE), a Bitcoin company based in Zurich BTC$102,078.47 treasury company, said it raised 28 million Swiss francs ($35 million) in a funding round led by Fulgur Ventures, Nakamoto and TOBAM. The company aims to bridge traditional finance (TradFi) and bitcoin through a balance sheet-focused institutional model. FUTURE is led by Chairman Richard

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US sanctions North Korean bankers over crypto crime wave

The US Treasury has imposed new sanctions on a group of North Korean bankers and institutions accused of laundering millions of dollars in cryptocurrency linked to cyberattacks and illicit IT projects that help finance Pyongyang’s weapons programs. The Office of Foreign Assets Control (OFAC) said Tuesday that eight individuals and two entities have been designated

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