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“# Bears lick their paws while Bitcoin price blasts through $46,000 ” Bitcoin (BTC) hiked 20% in seven days in an unexpected move that brought the price to its highest level since May 18. The price appreciation happened despite U.S. Treasury Secretary Janet Yellen reportedly supporting a broader definition of crypto companies in the HR…
“# Swipe, IoTeX and CyberVein lead altcoins higher after Bitcoin hits $46K ” The cryptocurrency market has shown a new level of resilience on Aug. 9 as a majority of tokens have managed to maintain recent gains and Bitcoin price hit a new 3 month high at $46,293. Data from Cointelegraph Markets Pro and TradingView…
“# Cryptocurrency mining under proposed US policy changes ” The regulatory scrutiny of blockchains and cryptocurrencies is increasing. From the cryptocurrency mining ban in China to President Joe Biden’s Working Group on Financial Markets, convened by Treasury Secretary Janet Yellen, the economic activities that support and are enabled by blockchains have become a significant concern…
“# Ethereum could pave way for $100,000 Bitcoin, Bloomberg analyst asserts ” Ether (ETH) has outperformed Bitcoin (BTC) in terms of year-to-date market performance, rising more than 320% against BTC’s 54% returns. But, according to Bloomberg Intelligence senior commodity strategist Mike McGlone, Bitcoin would soon catch up to Ether’s gains, which might even push its…
“# Circle plans to become a full-reserve national digital currency bank ” Goldman Sachs-backed digital payment company Circle has officially disclosed plans to become a full-reserve national digital currency bank in the United States. Announcing the news on Monday, Circle co-founder and CEO Jeremy Allaire noted that Circle is willing to operate under the supervision…
“# Bitcoin ‘awaiting second leg of bull market’ as BTC price hits $46K 3-month highs ” Bitcoin (BTC) hit $46,000 on Aug. 9 as macro factors failed to dent enthusiasm after 18% weekly gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading above $45,500 at the time…
“#Teen crypto trader Wesley Pessano Santarem shot dead in Porsche” A young crypto trader who flaunted his wealth on Instagram has been shot dead at the wheel of his red Porsche Boxster. Gunmen unleashed a hail of bullets on 19-year-old Wesley Pessano Santarem as he drove through the Brazilian city of Sao Pedro da Aldeia….
“# Poloniex settles charges with SEC for operating unregistered exchange ” The United States Securities and Exchange Commission (SEC) has charged crypto exchange platform Poloniex for breaching securities trading regulations. According to an announcement by the SEC on Monday, Poloniex offered trading of cryptos deemed securities to U.S. investors on its platform between July 2017…
“# UK-based independent legal team to tackle international crypto disputes ” Crypto experts across the United Kingdom’s legal industry have announced the launch of the Crypto Fraud and Asset Recovery (CFAAR) network, aimed at providing redressal against crypto-related fraudulent activities. The group includes a diverse range of professionals such as “lawyers, barristers, forensic accountants, corporate…
“# No, Bitcoin isn’t entering a 2018-like bear cycle, new data suggests as BTC targets $45K ” The scale of Bitcoin’s (BTC) ongoing downside correction might not be as alarming as it was in 2018, indicates data shared by Glassnode. The blockchain analytics firm reported that investors who have held Bitcoin for more than one…