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“# ‘Uber dovish’ Fed sparks S&P 500 all-time high as analyst calls new Bitcoin impulse move ” Bitcoin (BTC) gained almost $1,500 in under an hour on Aug. 26 after an “uber dovish” speech by Federal Reserve Chair, Jerome Powell. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price action charges upwards Speaking at the…
“# Bitcoin could hit $30K or $100K this year as analyst warns ‘next months are key’ ” Bitcoin (BTC) could surge to $100,000 or bottom out at $30,000 by Christmas — but one of its best-known analysts is betting on the moon. In a Twitter update on Thursday, PlanB, creator of the stock-to-flow family of…
“# Cuba set to recognize and regulate cryptocurrency ” The Cuban government is reportedly planning to recognize and regulate cryptocurrencies for payments. According to Aljazeera, the Caribbean nation’s central bank will establish rules for mainstreaming cryptocurrency transactions. Cuban authorities are also expected to distribute relevant licenses to businesses based on the crypto-related services they provide….
“# China to ‘maintain a high-pressure situation’ on crypto, official says ” China has reportedly doubled down on its crypto crackdown with a public reminder stating that Bitcoin (BTC) and other virtual currencies “are not legal tender and have no actual value.” In a local media briefing, Yin Youping, the deputy director of the Financial…
“# Bitcoin traders brace for Fed, options expiry as BTC price clings to $47K ” Bitcoin (BTC) hovered near $47,000 on Aug. 27 as traders took no chances on the day of the Federal Reserve’s Jackson Hole summit. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView End-of-month cold feet for Bitcoin traders Data from Cointelegraph Markets…
“# Analysts say Bitcoin price pullback and profit-taking at $50K ‘was expected’ ” The euphoria seen across the cryptocurrency ecosystem over the past couple of weeks was tampered down on Aug. 26 as an early morning attempt by bulls to push the price of Bitcoin to $50,000 was soundly rejected. Data from Cointelegraph Markets Pro…
“#Man sues over bitcoin stash stolen in 2018 and now worth $1M” A Colorado man who was robbed of 16.4 bitcoins in 2018 — when it was worth up to $220,000 — has now sued the alleged UK-based thieves as well as their parents. Despite the alleged robbery happening in January of 2018, Andrew Schober…
“# BTC price rejected at $50K; ADA bulls take a breather: Cointelegraph’s ‘The Market Report’ is now live ” Following an impressive run, the price of Bitcoin (BTC) firmly rejected $50,000 this week, casting some doubts on the resumption of the bull market. Cardano’s ADA, meanwhile, is finally showing signs of slowing down after doubling…
“# Grayscale Bitcoin Trust FUD is now over as the last GBTC unlock totals just 58 BTC ” Bitcoin (BTC) investment vehicle the Grayscale Bitcoin Trust (GBTC) completed its share unlockings this week, ending a major talking point both inside and outside crypto. Data from monitoring resource Bybt confirms that as of Thursday, no more…
“# Bitcoin ATM operators set up association to counter money laundering ” Major Bitcoin (BTC) ATM operators in the United States are joining forces to fight illicit activity related to Bitcoin ATMs. Bitcoin ATM operators DigitalMint and Coinsource have launched the Cryptocurrency Compliance Cooperative (CCC), a new association that aims to establish compliance standards for…