Today at Chaintalk News

August 17, 2022

Roger Ver AMA: BCH Halving And Covid Impact

By ChainTalk TV

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Bbanc Review | Key Findings for 2022 | BBanc.com Trading Platform

The post Bbanc Review | Key Findings for 2022 | BBanc.com Trading Platform appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideBbanc is a top broker, offering multiple account types to its clients. The company prides itself on its innovative approach to trading, providing its clients with access to the latest tools and resources. Bbanc offers a range of account types to suit different traders, from beginners to experienced. Whether you’re looking for a simple account …
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Cardano IOG Introduces New Protocol to Reduce Energy Waste of Bitcoin and Other Proof-of-Work (PoW) Networks

  The IOG has introduced a new protocol to reduce PoW’s energy waste. Cardano’s research and development company, Input Output Global (IOG), has introduced a new consensus protocol to reduce the energy waste of Proof-of-Work (PoW) blockchains. The protocol, dubbed Ofelimos, was introduced at the Cryptology conference by members of the IOG research team. According to the […]The post Cardano IOG Introduces New Protocol to Reduce Energy Waste of Bitcoin and Other Proof-of-Work (PoW) Networks  appeared first on The Crypto Basic.
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Ethereum Largest Mining Pool Says PoW Is More Censorship Resistant, While ETHW Urges Users To Take ETH Off LPs

  f2pool co-founder says it is easier to process anonymous transactions on Proof of Work (PoW). In a tweet on Wednesday, the co-founder of f2pool, in light of recent censorship debates, noted that it is easier for block producers to process anonymous transactions on PoW than on Proof-of-Stake (PoS). “In the discussion about PoS and […]The post Ethereum Largest Mining Pool Says PoW Is More Censorship Resistant, While ETHW Urges Users To Take ETH Off LPs appeared first on The Crypto Basic.
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SEC Accuses Ripple of Advancing Inconsistent Arguments Regarding Hinman Emails

The U.S. Securities and Exchange Commission has asked the court to sustain its recent objections to the recent court orders related Hinman emails
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XMR Technical Analysis: Bulls Struggle To Keep Prices Above $150

The XMR price action shows a bull cycle struggling to gain momentum as it drags diagonally at the support trendline of a rising channel pattern. Key Technical Points: The Monero token price consolidates between the 20 and 200-day SMA. The higher price rejections from the 200-day SMA suppress the bull cycle within the rising channel. With a market cap of $3.05 billion, the intraday trading volume of Monero has increased by 37.86% to reach $138.56 million. Past Performance of XMR The Monero (XMR) price action sustains about the $150 support level while maintaining a diagonal uptrend moving close to the support trendline. Furthermore, the price action maintains the overall rising channel pattern accounting for a price jump of 56% in the last six weeks. Currently, the market price supports a sideways trend with the overhead resistance of the 200 days average line. Source – Tradingview XMR Technical Analysis The XMR price shows a 1.19% drop in the daily candle, following the higher price rejection of the previous candle. Hence the likelihood of a bearish breakout below the support trendline increases. Despite the higher price rejections from the 200 days average line, the Monero market prices sustained above the 100-day SMA. Hence the bullish influence over the 50 and 100 days SMA increases, easing a potential bullish crossover. The daily RSI slope maintains a diagonally negative trend in the nearly overboard zone displaying a bear...
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Binance Obtains In-principle Approval to Operate With Cryptocurrencies in Kazakhstan

Crypto exchange Binance has been granted preliminary approval to offer trading and custody services for digital assets in Kazakhstan. The exchange is yet to complete the full application process but the development has already been hailed as a landmark achievement for the company in the Central Asian nation which only recently took steps to regulate […]
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Whale Activity Picking Up As Dogecoin Records $100k+ Valued Transactions Happening Daily

  Whale Activity On The Dogecoin Network Is Recording High-Value Transactions Of Over $100k. Recent analytical reports indicate a sharp increase in whale activity on the DOGE network. The crypto market has been doing well of late, and Dogecoin is one of the few Altcoins that have gotten a boost in the process. According to […]The post Whale Activity Picking Up As Dogecoin Records $100k+ Valued Transactions Happening Daily appeared first on The Crypto Basic.
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cointelegraph

BNB Chain aims to raise 30K new Web3 developers across Latin America in 2022

BNB Chain prepares to launch a Web3 development course for Latin American students as the region continues to be a hub for adoption and crypto-related activity.

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BNB Chain aims to raise 30K new Web3 developers across Latin America in 2022

BNB Chain prepares to launch a Web3 development course for Latin American students as the region continues to be a hub for adoption and crypto-related activity.
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Testing Time For Bitcoin Price, These Indicators Points a Trend Reversal

The post Testing Time For Bitcoin Price, These Indicators Points a Trend Reversal appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideRecently, the world’s first cryptocurrency, Bitcoin failed to reclaim the $25,000 price level and is maintaining the momentum around the $24,000 area. In the last seven days, Bitcoin has surged by 6%, whereas it has lost 1% on the daily chart. Hence, this suggests a consolidation period. At the time of writing, Bitcoin is selling …
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What is SafeMoon Going After the Cryptocurrency Market Capitalization Plunge?

The post What is SafeMoon Going After the Cryptocurrency Market Capitalization Plunge? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideAccording to the data, the overall market capitalization of cryptocurrencies has fallen below $1.5 trillion to $1.48 trillion at the time of writing. It is down 3.3% in the last 24 hours, with Bitcoin market dominance down to 40.3% and Ethereum dominance at 19.3%. In addition, the total cryptocurrency market turnover over the past 24 …
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Google Invests $1.5 Billion In Blockchain Companies

According to a new report, Google’s parent company, Alphabet, invested $1.5 billion between September 2021 and June 2022, investing the most capital in its blockchain business compared to any other public company. He emerged as the investor with the deepest funding among Alphabet (Google). In an updated blog published by the top 40 public enterprises […]
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XTZ Technical Analysis: Golden Buying Opportunity Arises At $2 Breakout

The XTZ price action shows a high momentum uptrend ready to break the overhead resistance of the rising channel to exceed $2. Key Technical Points: The Tezos token price has increased 10% in the last two days. The bull run plans to exit the rising channel and reach the next milestone at $2.21. With a market cap of $1.81 billion, the intraday trading volume of Tezos has increased by 82.30% to reach $76.11 million. Past Performance of XTZ As we mentioned in our previous analysis, the Tezos (XTZ) price took a bullish reversal to challenge the resistance trendline of the rising channel. The reversal rally accounts for a 10% jump over the last 48 hours and challenges the psychological mark of $2. Furthermore, the bearish failure to reach the support trend line or test the $1.66 horizontal level increases the possibility of a bullish breakout. Source – Tradingview XTZ Technical Analysis The XTZ price shows 5.10% growth in the daily candle, but the long wick formation delays the bullish breakout. Hence traders hoping to ride a breakout rally must wait for a price action confirmation to avoid a bearish reversal. The 50 and 100-day SMA prepares a bullish crossover as the Tezos market price sustains above the 100-day SMA. The daily RSI slope displays a sharp spike in the lateral trend within the nearly overbought zone, reflecting a boom in underlying bullishness. Moreover, the MACD indicator shows the increased buying pressure undermini...
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Solana (SOL) Price Analysis: More Upsides Possible Above $45

Solana price started a decent increase from the $38 support against the US Dollar. The price is now trading above $40 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $41.80 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase). The pair must...The post Solana (SOL) Price Analysis: More Upsides Possible Above $45 appeared first on Live Bitcoin News.
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Short-Term Holders Expand Their Bitcoin Holdings, Sell-Offs Begin

The post Short-Term Holders Expand Their Bitcoin Holdings, Sell-Offs Begin appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideToday, the overall crypto market has plunged by 0.05% over the last 24hrs and is now positioned at $1.15 trillion.  This has left the crypto market with mixed signals as Bitcoin, Solana, Polkadot, and MATIC, among others, are trading in red, Ethereum, Cardano, XRP, Dogecoin and others are on a bull run. It is also …
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This Bitcoin Miner is Selling 26,200 Rigs to Reduce Debt

Amid the crypto market crash this year, Bitcoin miners have been on a huge selling spree to cover operational costs and repay their loans. Going further, Bitcoin miner Stronghold Digital Mining Inc. is now considering selling 26,200 of its mining rigs to reduce its debt significantly. As per reports, Stronghold has reached an agreement with lenders The post This Bitcoin Miner is Selling 26,200 Rigs to Reduce Debt appeared first on CoinGape.
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Will The Mt. Gox Bitcoin Dump Affect the Crypto Market? Here’s What the Expert Has to Say

The post Will The Mt. Gox Bitcoin Dump Affect the Crypto Market? Here’s What the Expert Has to Say appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideThe price of bitcoin surpassed $25k on Monday, although,  the same day, BTC’s price continued to decline and reached a low of $24,000. At the same time, there are interesting developments in the market.  A 2014 suspected attack at the Japanese cryptocurrency exchange Mt. Gox resulted in the loss of about 850,000 Bitcoins. According to …
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Former JPMorgan, Barclays execs on why crypto jobs attractive even in bear market

Former traditional finance veterans are debuting a crypto career at the crypto ETF issuer 21Shares despite the bear market.
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cointelegraph

Former JPMorgan, Barclays execs on why crypto jobs attractive even in bear market

Former traditional finance veterans are debuting a crypto career at the crypto ETF issuer 21Shares despite the bear market.

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SEC Files Yet Another Brief to Avoid Surrendering Hinman’s Documents to Ripple

The SEC is still not willing to surrender the draft of William Hinman’s 2018 speech. In a brief filed by the SEC yesterday, the commission is still objecting Judge Sarah Netburn’s ruling, ordering the securities regulators to surrender the documents to Ripple. The SEC maintained that Judge Netburn “did not get the law right.” According […]The post SEC Files Yet Another Brief to Avoid Surrendering Hinman’s Documents to Ripple  appeared first on The Crypto Basic.
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Solana price analysis: SOL starts recovering as the price rises to $44.1

The Solana price analysis shows an increasing trend for the market today, as the price underwent recovery. The bulls have succeeded in obtaining the leading position and gaining stability, as the market trend has been turned in the bullish direction. Today, a significant increase in coin value was detected as the price recovered up to … Solana price analysis: SOL starts recovering as the price rises to $44.1 Read More »
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The Sandbox (SAND) Struggles To Find Balance; Market Bulls Take Chronoly.io (CRNO) To Sky

The post The Sandbox (SAND) Struggles To Find Balance; Market Bulls Take Chronoly.io (CRNO) To Sky appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideThe bearish outlook of the market seems to be fading slowly and gradually, and several cryptocurrencies are returning on track. However, a few crypto projects still struggle to maintain a balance. One of these crypto projects is The Sandbox (SAND). The price of  The Sandbox (SAND) is still a concern for promoters and investors as …
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Altcoins To Face A Bearish Market Soon, Crypto Analyst Issues Warning To Traders

The post Altcoins To Face A Bearish Market Soon, Crypto Analyst Issues Warning To Traders  appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideThe world’s first cryptocurrency, Bitcoin along with altcoins, is now displaying strong price action and even attained levels above $24,500. At the time of writing, Bitcoin is trading at $24,129, with a rise of 0.93% over the last 24hrs. A popular crypto strategist and analyst, Capo, who had earlier predicted that the Bitcoin price would …
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Crypto.com confirms UK registration for ‘crypto-asset’

According to an August 16 entry in the FCA’s Financial Services Registry, ‘FORIS DAX UK LIMITED’ has been registered to conduct “certain crypto-asset activities” and has also achieved Money Laundering Regulatory Status. FORIS DAX UK LIMITED is listed as a registered UK trade name for Crypto.com. Details on registration are scarce at the time of writing, […]
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SEC Slams Dragonchain With Lawsuit for Selling Unregistered Securities

The US securities regulatory has gone after another cryptocurrency project - Dragonchain and its related entities.
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Dogecoin On The Cusp of a Breakout, DOGE Price May Hit $0.1 By End Of August!

The post Dogecoin On The Cusp of a Breakout, DOGE Price May Hit $0.1 By End Of August! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideThe competition between Dogecoin and Shiba Inu is getting hotter as a new meme coin season appears to be in its early days. According to market cap, the two biggest dog coins are now ranked 10th and 12th, respectively. Dogecoin was recently surpassed by Shiba Inu in terms of Twitter followers. Last week, there was …
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cointelegraph

Experts explain what 'Big Short' Michael Burry's stock exit means for crypto

“Predicting a stock crash is a lot like predicting an earthquake. You know one will happen every so often but you can never tell exactly when or how severe it will be,” said Mati Greenspan.

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Experts explain what 'Big Short' Michael Burry's portfolio dump means for crypto

“Predicting a stock crash is a lot like predicting an earthquake. You know one will happen every so often but you can never tell exactly when or how severe it will be,” said Mati Greenspan.
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Floki Inu Introduces Treasury Bills To Allow Users To Purchase FLOKI At A Discount

  Floki Inu lovers can now purchase the token at a discount in the latest initiative. Floki Inu reveals in a Twitter thread on Tuesday that it has partnered with ApeSwap once again to allow users to purchase the Floki Inu native token FLOKI at a discount through their new sustainable liquidity mining (SLM) program. […]The post Floki Inu Introduces Treasury Bills To Allow Users To Purchase FLOKI At A Discount appeared first on The Crypto Basic.
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cointelegraph

Aave calls on members to commit to Ethereum PoS chain

The outcome will give a good indication of where AAVE token holders stand ahead of the upcoming ETH hard fork.

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Aave calls on members to commit to Ethereum PoS chain

The outcome will give a good indication of where AAVE token holders stand ahead of the upcoming ETH hard fork.
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Arker The Legend of Ohm Metaverse Is Leaping Into 3D

The post Arker The Legend of Ohm Metaverse Is Leaping Into 3D appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideArker: The Legend Of Ohm, the famous 2D blockchain game, is releasing a full 3D redesign. The project’s 3D version will release with Triple-A graphics built on Unreal Engine 5, a major development scheduled to launch in Q4 2022. The first version available to metaverse enthusiasts will be a playable alpha of the 3D metaverse, …
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SHIB On Fire – And A Bull Run Could Be Around The Corner – Here’s Why

Shiba Inu (SHIB) price has spiked by over 30%, signifying a bull run may not be far away. SHIB price surged by over 30% on August 14 Shiba Inu trading volume peaked to 700% yesterday; highest since April 12 SHIB registers extended period of MDIA which means traders must exercise caution SHIB price has peaked to as high as $0.00017, which is considerably the highest it has been since May 10. More so, trading volume has also climbed to 700% over the weekend which is the highest registered since April 12. Shiba Inu network registered a huge uptrend in whale transactions soaring to as much as $100,000 as seen in August trading session. Considerably, around 400 whale transactions were done catapulting to a record-breaking transactions amounting to more than $100,000 that SHIB was able to log in the past few months. Related Reading: Polygon Seen Breaching $1 This Week – Can MATIC Start An Uptrend? SHIB Daily Chart Shows Premature Bull Run Judging by the movement of SHIB on the daily chart, it seems that the price spike seen over the weekend is a premature call for a bull run. With the MFI and RSI chartering the overbought zones, the MACD position isn’t showing any potential bull run. Apparently, there were no intersections seen between the trend lines and MACD that could hint a gigantic uptrend. According to CoinMarketCap, SHIB is up by 2.72% or trading at $0.00001619 as of this writing. Despite the coin soaring in value overnight, ...
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This Crypto Sector Made the Biggest Losses In Crypto Thefts So Far in 2022

Cryptocurrency market hacks have been on a rampant rise so far this year in 2022. As per the latest Chainalysis report, the decentralized finance (DeFi) sector has been the biggest victim of hackers. So far through July 2022, $1.9 billion worth of digital assets have been stolen. This is more than 50% in comparison to The post This Crypto Sector Made the Biggest Losses In Crypto Thefts So Far in 2022 appeared first on CoinGape.
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Dogecoin Flashes Buying Opportunities, Primed to Surge Beyond $0.1 Very Soon

The post Dogecoin Flashes Buying Opportunities, Primed to Surge Beyond $0.1 Very Soon appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideAfter a significant upswing, the Dogecoin price displayed some weakness in the early trading hours as it stood rejected just below the crucial resistance levels. Conversely, the recent dump appears to be a good buying opportunity as the asset is primed to range high by more than 30% in the coming days. The DOGE price …
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Bitcoin Price Analysis: BTC Tests Important Support

Bitcoin price started a fresh decline below the $24,500 zone against the US Dollar. The price is now trading below $24,250 and the 55 simple moving average (4-hours). There is a major rising channel forming with support near $23,700 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could continue...The post Bitcoin Price Analysis: BTC Tests Important Support appeared first on Live Bitcoin News.
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TA: Ethereum Indicators Suggest ETH at Potentially Significant Turning Point

Ethereum is slowly moving lower below $1,900 against the US Dollar. ETH must stay above $1,850 to avoid more losses in the near term. Ethereum started a downside correction below the $1,920 level. The price is now trading below $1,920 and the 100 hourly simple moving average. There is a key declining channel forming with resistance near $1,900 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to decline if it stays below $1,900 and $1,950. Ethereum Price Faces Resistance Ethereum started a downside correction from well above the $2,000 resistance zone. ETH slowly moved lower below the $1,950 and $1,920 levels. There was a clear move below the $1,900 level and the 100 hourly simple moving average. Ether price traded as low as $1,854 and remained stable above the $1,850 support zone. It is now consolidating losses above the $1,860 level. An immediate resistance on the upside is near the $1,900 level and the 100 hourly simple moving average. It is near the 23.6% Fib retracement level of the recent drop from the $2,030 swing high to $1,854 low. There is also a key declining channel forming with resistance near $1,900 on the hourly chart of ETH/USD. The first major resistance is near the $1,920 and $1,925 levels. The key breakout zone is forming near the $1,950 level or the 50% Fib retracement level of the recent drop from the $2,030 swing high to $1,854 low. Source: ETHUSD on TradingView.com A clear mo...
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Tornado Cash ban could spell disaster for other privacy protocols — Manta co-founder

The ban of Tornado Cash in the U.S. could have ripple effects across Web3 protocols, particularly ones that offer privacy on the blockchain.
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cointelegraph

Tornado Cash ban could spell disaster for other privacy protocols — Manta co-founder

The ban of Tornado Cash in the U.S. could have ripple effects across Web3 protocols, particularly ones that offer privacy on the blockchain.

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Colombia Plans to Launch Digital Currency to Reduce Tax Evasion

The government of Colombia revealed it has plans to launch a digital currency. One of the purposes of this new currency would be to curb tax evasion and enhance the traceability of transactions made by citizens. The proposed measure would also be accompanied by restrictions on cash payments and transactions of over 10 million Colombian […]
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Is $0.1 on the cards for Dogecoin holders? Answer might surprise you

If there is one thing Dogecoin [DOGE] investors may have agreed upon lately, it might be to push the meme token to $0.1. This is because the Elon Musk-backed cryptocurrency has defied all odds despite the momentum of the entire crypto market. With Bitcoin [BTC], Ethereum [ETH], and other top cryptocurrencies failing to register substantial […]
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Severe Allegations On Celsius CEO As The Company Considers Financing Proposal

Alex Mashinsky, the CEO of troubled crypto lender Celsius Networks has been once again on the radar! As per the latest report from Financial Times, Mashinsky took over the control of the trading strategy several months before the bankruptcy. Citing the reason for the U.S. Federal Reserve meeting, the Celsius CEO took control earlier in The post Severe Allegations On Celsius CEO As The Company Considers Financing Proposal appeared first on CoinGape.
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Bitcoin and Ethereum Continue To Struggle, EOS Surges

Bitcoin price struggled to clear the USD 24,500 resistance zone. BTC slowly moved below the USD 24,200 and USD 24,000 levels. It is currently (04:00 UTC) struggling and might continue to move down towards the USD 23,500 level. Besides, most major altcoins are struggling to clear key hurdles. ETH settled below USD 1,900, but it is still above USD 1,850. XRP is slowly moving higher towards USD 0.40. ADA is still above the key USD 0.55 support zone. Total market capitalization...Read More: Bitcoin and Ethereum Continue To Struggle, EOS Surges
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XRP Price Could Rise If It Clears This Price Barrier

XRP Price has witnessed consolidation between the $0.30 and $0.37 mark for a considerable number of trading sessions. Over the last 24 hours, the altcoin has managed to hover around the same price mark without losing its market value. In the past week, XRP price has lost 2% of its value. Lateral trading had caused buying strength of the coin to be be affected. For the bulls to take charge, it is important for XRP to break past its sideways trading. XRP had formed higher highs and higher lows at the end of July. The bulls don’t seem to be able to push past the $0.37 mark. This could be pointed towards the lack of demand for XRP. The $0.37 mark has been a propelling point for the altcoin’s price, however, the bulls could not hold on to the momentum even then. With Bitcoin receding on its chart, many altcoins have also followed the same sentiment on their respective charts. Demand and broader market strength remain crucial for XRP. XRP Price Analysis: Four Hour Chart The altcoin at the time of writing was trading for $0.37. XRP had witnessed sharp resistance at the $0.39 price ceiling. Incase XRP price manages to topple over the $0.39 level, there could be a possibility for a rally. Additional resistance mark for the coin was at $0.40. The local support for XRP rested at $0.34. A fall below the $0.34 level will cause XRP to trade at $0.31. Amount of XRP traded over the last session had increased as the sellers were do...
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Crypto scams fall 65% after gullible noobs exit the market: Chainalysis

Less gullible retail investors and falling asset prices have made scamming a less enticing endeavor, but the tsunami of new DeFi applications has hackers licking their lips.
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cointelegraph

Crypto scams fall 65% after gullible noobs exit the market: Chainalysis

Less gullible retail investors and falling asset prices have made scamming a less enticing endeavor, but the tsunami of new DeFi applications has hackers licking their lips.

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Bitcoin Price ‘Biased to the Topside’ as it Floats Above $24K

Two key inflation figures have helped elevate equities, often correlated to crypto, as investors took bets on signs of waning inflationThe post Bitcoin Price ‘Biased to the Topside’ as it Floats Above $24K appeared first on Blockworks.
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Elon Musk Says He’s Buying Football Club Manchester United – Will He?

Elon Musk is once again causing a stir on Twitter by revealing his intention to purchase populManchester United. The eccentric chief executive of Tesla and SpaceX made the surprise news late Tuesday night via Twitter. He said: “I’m buying Manchester United ur welcome.” The 51-year-old billionaire is presently engaged in a heated legal dispute with Twitter for […]
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FIL Price Analysis: Filecoin Preparing its Next Jump with a Pennant Pattern

For nearly three weeks, the FIL price has been wavering in a no-trading zone, following the consolidation phase of the pennant pattern. Today, the coin price shows a 2.6% jump and rechallenges the overhead trendline. However, a daily candlestick closing above the trendline is needed to end this consolidation. Key points: Completion of the pennant The post FIL Price Analysis: Filecoin Preparing its Next Jump with a Pennant Pattern appeared first on CoinGape.
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cointelegraph

Crypto.com secures UK registration for 'cryptoasset activities’

As defined by the FCA, "cryptoasset activity" includes anything that involves exchanging one crypto for another or exchanging crypto for fiat and vice versa.

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Crypto.com secures UK registration for 'cryptoasset activities’

As defined by the FCA, "cryptoasset activity" includes anything that involves exchanging one crypto for another or exchanging crypto for fiat and vice versa.
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Soneva’s Luxury Resorts Now Accept Crypto Payments

Luxury resort chain Soneva has reportedly begun accepting cryptocurrency payments at its resorts in the Maldives and Thailand. “Accepting cryptocurrencies as a payment method is another example of enabling our international guests to easily make payments from anywhere in the world.” Soneva Accepts Cryptocurrency Payments Luxury resort chain Soneva has reportedly begun accepting payments in […]
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Bitcoin: What you should learn from BTC’s new ownership trends

Bitcoin has been experiencing a change in holding maturity among owners in recent months. This is further reflected in a significant transfer of wealth with long-term holders capitulating their holdings. A subsequent accumulation has taken place which puts Bitcoin in the hand of low-cost basis owners. A tale about Bitcoin Following the Luna collapse in […]
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TA: Bitcoin Price Topside Bias Vulnerable Unless It Surges Past $24.5K

Bitcoin is struggling below $24,500 against the US Dollar. BTC could continue to move down below the $23,650 and $23,500 support levels. Bitcoin is slowly moving lower and trading well below the $25,000 level. The price is now trading below the $24,200 level and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $24,020 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses below the $23,650 and $23,500 support levels in the near term. Bitcoin Price Turns Red Bitcoin price started a slow and steady decline from the $25,000 resistance zone. BTC declined below the $24,650 and $24,500 levels to move into a short-term bearish zone. There was a break below the $24,000 level and the 100 hourly simple moving average. The price traded as low as $23,673 and is currently consolidating losses. On the upside, an immediate resistance is near the $24,000 level. It is near the 23.6% Fib retracement level of the recent drop from the $25,200 swing high to $23,673 low. There is also a key bearish trend line forming with resistance near $24,020 on the hourly chart of the BTC/USD pair. The first major resistance on the upside sits near the $24,250 level and the 100 hourly simple moving average. The next key resistance is near the $24,450 zone. It is near the 50% Fib retracement level of the recent drop from the $25,200 swing high to $23,673 low. A close above...
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Bitcoin Poised For Recovery, Relief Summer still In Play?

Bitcoin has been able to make a resurgence in recent weeks. The 25,000 USD barrier was recaptured by Bitcoin prices just two days ago, marking the first time since June 13th. Bitcoin Poised For New Rally In June, Bitcoin had its largest monthly decline since 2011, falling over 37.3% to a final value of $19,925. Since then, it has partially recovered its value and today saw its first test of $25,000. Bitcoin continues to rule the charts despite being down 46.5% from its previous high, but its dominance has decreased to slightly under 40% as opposed to more than 50% a few months ago. BTC/USD trades slightly below $24k. Source: TradingView However, Bitcoin has been relatively peacefully fluctuating horizontally over the past two weeks between $22,500 and $24,500. At the same time, recent weeks have seen a significant recovery in both commodities prices and stock markets. As a result, the overall financial markets are experiencing the anticipated summer rally. Related Reading: Outflows Rock Bitcoin As Institutional Investor Sentiment Starts To Turn Since attitude had reached a severe panic state in the middle of June as a result of the financial markets’ steep, month-long decline, perception among participants has greatly improved during the course of the most recent rebound. This in and of itself is a well-known bear market pattern. However, it won’t be known whether and how the bears will return until around mid-Sept...
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Bitcoin, Ethereum, Waves, and Stacks Daily Price Analyses – 16 August Roundup

There has been yet another change in the pace of the global crypto market. The recent few hours brought it back to losses as bears dominated. The change in the market has affected Bitcoin, Ethereum, and others as they saw a change in trajectory. The recent few days have proved testing for the market because … Bitcoin, Ethereum, Waves, and Stacks Daily Price Analyses – 16 August Roundup Read More »
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Crypto Crime Falls 15% Along With Bear Market: Chainalysis

Despite billions stolen through hacks, crypto scams are receding this year.
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cointelegraph

Houston Texans becomes first NFL team to sell game suite with crypto

After penning a deal with Texas-based crypto wallet providers BitWallet, the Houston Texans join a long list of crypto partnerships and payment deals in the NFL.

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cointelegraph

Former Goldman Sachs banker explains why Wall Street gets Bitcoin wrong

According to John Haar, who used to count himself within the ranks of the traditional finance field, a fundamental understanding of “sound money” is preventing Wall Street from embracing Bitcoin.

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cointelegraph

Google invested a whopping $1.5B into blockchain companies since September

Other notable corporate investors include BlackRock, Morgan Stanley, Samsung and Goldman Sachs, according to a report from Blockdata.

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cointelegraph

IRS takes out John Doe summons on crypto prime dealer SFOX to find tax cheat customers

The U.S. tax service has used the same tactic to gain information from Circle, Coinbase and Kraken in recent years, as analysis finds that half of taxes on crypto go unpaid.

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2017 ICOs aren’t over yet: SEC files suit against Dragonchain and its founder

The commission said it would be seeking “permanent injunctions, disgorgement with prejudgment interest, civil penalties against and conduct-based injunctions.”

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cointelegraph

Function over fun? Analyst says P2E games don’t need to be ‘fun’ to retain users

Play-to-earn games struggle to retain users, which is exactly why one analyst says they need to focus on function over fun.

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cointelegraph

BlockFi tops the Inc. 5000 list with almost 250,000% revenue growth in three years

The CeFi crypto lender faced a large fine spearheaded by the SEC this year and weathered the harsh crypto winter to come in as Inc. magazine’s No. 1 revenue gainer.

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cointelegraph

Celsius CEO personally directed crypto trades months before bankruptcy: Report

One person familiar with events at Celsius reportedly said CEO Alex Mashinsky was “slugging around huge chunks of Bitcoin” and ordering trades based on bad information.

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cointelegraph

Bitcoin traders anticipate new yearly lows after BTC’s $25K rejection — Data disagrees

Should traders expect further downside after BTC failed to hold above $25,000?

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cointelegraph

Solana (SOL) price is poised for a potential 95% crash — Here’s why

SOL price gained 75% in the past two months, but technical analysis suggests it could be an elaborate bull trap.

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cointelegraph

Bank of China unveils new e-CNY smart contract test program for school education

Under the pilot test, parents could enroll their children in after-school vocation programs via smart contracts.

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Coinbase will 'briefly pause' ETH and ERC-20 token deposits and withdrawals during Ethereum Merge

The crypto exchange also warned users against scammers offering ETH2 tokens, saying users did not need to take additional action to receive staked ETH prior to the Merge.

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cointelegraph

Is Bitcoin really a hedge against inflation?

Bitcoin is working as a hedge against inflation despite its 2022 weak price performance, says Steven Lubka, managing director of private clients at Swan Bitcoin.

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cointelegraph

Worried about inflation's impact on your retirement savings? Invest in cryptocurrency

The global economy is tumbling, but we might be able to find some hope in cryptocurrencies.

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cointelegraph

Bitcoin price hits multiday low as data warns of ‘overbought’ stocks

Major resistance levels enter for U.S. equities, bringing with them fresh headwinds for crypto as Bitcoin and Ether lose $24,000 and $2,000, respectively.

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cointelegraph

Huobi Global suspends derivatives trading in New Zealand

Huobi Global claims compliance with local regulations as its reason for excluding New Zealand from its list of countries in which it operates derivatives trading.

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cointelegraph

Tornado Cash shows that DeFi can’t escape regulation

DeFi developers seriously need to consider working with regulators on compliance issues if they want their projects to succeed.

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cointelegraph

Organizations look toward multiparty computation to advance Web3

Multiparty computation is being leveraged to ensure private key security and decentralization within Web3 platforms. But why use it?

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cointelegraph

USDT market cap up by $2 billion following Tornado Cash debacle

Tether's market capitalization has reversed a three-month downtrend while USDC sees a drop in value after the U.S. imposed sanctions against Tornado Cash.

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cointelegraph

Optimism fading? Regulatory discussion on stablecoins postponed until fall

While there is no shortage of legislative initiatives to regulate stablecoins, the idea of the American CBDC remains problematic.

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cointelegraph

Bitcoin miners hodl 27% less BTC after 3 months of major selling

The industry’s “hodlers of last resort” have had no choice but to sell their coins, but the trend is fiercely reversing this month, data shows.

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cointelegraph

Court filings reveal Celsius will run out of money by October

Celsius Network has been heading down a slippery slope since it filed for bankruptcy in July.

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cointelegraph

Do Kwon breaking silence triggers responses from the community

While Tornado Cash developers are fearing for their lives, Do Kwon is “partying,” according to podcaster Eric Conner.

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