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May 20: Be patient, some breakouts take time

May 20: Be patient, some breakouts take time

BTC's open interest is holding steady while volume for the past few sessions has been slightly lower than the last two week's average that it feels to me we are likely to head into somewhat of a short-term inflection point where we make a decisive break to the up or downside. Just look at the doji candlestick closed yesterday, so here are two scenarios how I think what can pan out over the next few days:

Bitcoin Can’t Drive Financial Inclusion for Unbanked But CBDC Can says Mastercard CEO

Bitcoin Can’t Drive Financial Inclusion for Unbanked But CBDC Can says Mastercard CEO

Ajay Banga, the CEO of Mastercard believes Bitcoin is unable to function as an inclusive currency for the world’s unbanked due to volatility, CBDCs are a different story.

Upland and FIFA Officially Launch the FIFA World Cup Qatar 2022™ Experience in The Upland Metaverse

Upland and FIFA Officially Launch the FIFA World Cup Qatar 2022™ Experience in The Upland Metaverse

Upland and FIFA have today announced a multi-year partnership that allows the Upland community and football fans worldwide to collect, trade, and own FIFA digital assets and game video highlights, pursuing a joint mission to help fans get a better understanding of how the metaverse and web3 work.

DelMonte Adopts Blockchain-Powered Traceability Solutions for Quality Assurance

DelMonte Adopts Blockchain-Powered Traceability Solutions for Quality Assurance

To render innovative and best-in-class solutions to its products and services, Fresh Del Monte Produce has invested in Jordanian and UK-based startup Decapolis for blockchain-enabled traceability solutions.

McAfee's Ghostcoin Gets Backing as Payment in Hong Kong

McAfee's Ghostcoin Gets Backing as Payment in Hong Kong

John McAfee's Ghostcoin gets backing for use as a payment coin in Hong Kong across 60 vending machines including Disneyland.

NFT Lender Omni Hacked for 1,300 ETH

NFT Lender Omni Hacked for 1,300 ETH

NFT platform, Omni was hacked for 1,300 ETH ($1.43 million) as the hacker exploited the firm's reentrancy vulnerability protocol, according to PeckShield.

Opinion: Why the Ethereum Merge will be a game-changer for DeFi?

Opinion: Why the Ethereum Merge will be a game-changer for DeFi?

Ethereum’s upgrade from proof-of-work to proof-of-stake is about long-term value creation, not short-term price movement, argues Coins.ph CEO Wei Zhou.

Sushi Announces Final Steps for Trident Pools Deprecation, Urges Liquidity Withdrawal

Sushi Announces Final Steps for Trident Pools Deprecation, Urges Liquidity Withdrawal

Sushi has begun the final deprecation phase of Trident Pools, advising users to withdraw liquidity before March 15, 2024, to ensure a smooth transition.

Response to Facebook Libra? EU Banks Can Deploy Payment System By 2020

Response to Facebook Libra? EU Banks Can Deploy Payment System By 2020

All banks in the eurozone could share the instant payment system at the end of 2020, as reported by Reuters on 26 June.

TempleDAO Hacker Moves Stolen Funds to Sanctioned Crypto Mixer Tornado Cash

TempleDAO Hacker Moves Stolen Funds to Sanctioned Crypto Mixer Tornado Cash

According to data from block explorer, Etherscan, the attacker of the TempleDAO hack, has moved the funds stolen via the recently sanctioned crypto mixer, Tornado Cash.

China Continues to Influence Crypto Activities Worldwide, Study says

China Continues to Influence Crypto Activities Worldwide, Study says

Blockchain data platform Chainalysis published a report Wednesday, indicating China remains one of the largest cryptocurrency markets worldwide and continues to influence crypto activities worldwide.

B Squared Network Announces Seed Investments by HashKey Capital, OKX Ventures, IDG Capital

B Squared Network Announces Seed Investments by HashKey Capital, OKX Ventures, IDG Capital

B² Network secures significant seed investments from top venture capitals for its innovative Bitcoin Layer 2 solutions, aiming to transform Bitcoin's utility and adoption in the crypto ecosystem.

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