Bitcoin due 'one of greatest bull markets' as July gains circle 20%
The future for Bitcoin price action may be much more bullish than the short-term charts, says Bloomberg Intelligence's Mike McGlone. Bitcoin (BTC) spoofed a breakout to fresh six-week highs into July 31 as a showdown for both the weekly and monthly close drew near.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Bart Simpson" greets traders into BTC monthly closeData from Cointelegraph Markets Pro and TradingView showed BTC/USD canceling out all its gains from early in the weekend, dropping from $24,670 to $23,555 in hours.The resulting chart structure was all too familiar to....
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Garrett Cassidy joins Circle. Garrett Cassidy, the FinTech leader and former Bank of Ireland director is to join Circle, it has been announced that he will be heading up their European operations. Circle is one of the most important, developing, companies in the cryptocoin world and the addition of someone of the caliber of Garret Cassidy to their team has to be seen as a recruiting coup. Cassidy was previously employed as Head of Markets, Commercial Lending and Payments Development for Bank of Ireland, he was based in London. In a recent interview with CoinDesk, Circle has also promised....
Bitcoin brokerage Circle Internet Financial is said to be raising as much as $40m in new funding. As reported by Fortune, Circle is raising the funds at a valuation of $200m, citing persons with knowledge of the negotiations. A representative for Circle declined to comment. The move, if confirmed, would represent Circle's largest funding effort to date. Circle raised $17m in a Series B round last year, following an earlier $9m in Series A funding from 2013. The funding would raise Circle's total investment to $66m. Circle
Circle has published filings revealing it is cooperating with a subpoena from the SEC that it received in July. Circle, the company behind the world’s second-largest stablecoin USD Coin, has been subpoenaed by the U.S. Securities and Exchange Commission (SEC).According to an Oct. 4 regulatory filing from Circle, the SEC issued an “investigative subpoena” from its Enforcement Division in July.Circle, which is behind the USDC stablecoin, stated that it would be fully cooperating with the regulator after receiving the request:“In addition, in July 2021, we received an investigative subpoena....
Consolidation from BTC has opened the door for BNB, UNI, FIL and THETA to run higher. Bitcoin (BTC) has made a strong comeback in the month of July and is on track for its best monthly gains since October 2021. The sharp recovery in Bitcoin and several altcoins pushed the Crypto Fear and Greed Index to 42/100 on July 30, its highest level since April 6.Investors seem to be making the most of the depressed levels in Bitcoin. Data from on-chain analytics firm Glassnode shows that Bitcoin in exchange wallets has dropped to 2.4 million Bitcoin in July, down from the March 2020 levels of 3.15....
On Thursday, at the Converge22 event in San Francisco, Circle announced the acquisition of the payment orchestration company Elements. Circle explained that the acquisition includes plans to “quickly scale payment offerings.” Circle says the new service will make it easier for merchants to integrate their existing points of contact with Circle’s crypto solutions.
Circle Reveals New Permissionless Cross-Chain Transfer Protocol at Converge22
This week Circle and a number of other crypto industry heavyweights attended the Converge22 event in San Francisco.....