Bitcoin critical indicator prints ‘bearish cross’ as it sinks below $58K
The crossing of this indicator on two different timeframes has signaled to traders that short-term performance may be weakening, sparking fear in the market. Go to Source
Month: August 2024
Pierre Poilievre Backs Bill to Ban Central Bank Digital Currency in Canada
Pierre Poilievre, leader of Canada’s Conservative Party, backs a bill that seeks to ban central bank digital currency (CBDC) in Canada. He argues that a CBDC would give the government excessive control over finances, threatening privacy and economic freedom. “It’s time to put an end to creating a central bank digital currency in Canada,” he … Read more
Bitcoin sidechain creators tout new ‘permissionless’ version BitVM2
Robin Linus has unveiled a new whitepaper for BitVM2 and BitVM Bridge, two new developments that offer significant improvements to the original version of BitVM. Go to Source
ZachXBT claims 21 North Korea crypto devs are making $500K a month
Onchain sleuth ZachXBT claims to have found a network of North Korean developers who have been working on dozens of crypto projects. Go to Source
Iran Escalates Crackdown on Illegal Crypto Mining Amid Severe Power Crisis
Iran is aggressively cracking down on illegal cryptocurrency mining as the nation faces a severe power crisis exacerbated by an intense heatwave. Iranian authorities claim that unauthorized crypto mining has significantly strained Iran’s power grid, leading to widespread industrial disruptions. A bounty program has been launched to encourage citizens to report illegal mining operations. Iran … Read more
IMF execs float raising crypto mining electricity prices by 85%
A tax on the energy used by crypto miners could cut emissions by 100 million tons a year, equal to Belgium’s emissions, say two IMF executives. Go to Source
Senate Majority Leader: Bipartisan Crypto Legislation Could Pass in 2024
Senate Majority Leader Chuck Schumer is optimistic about passing bipartisan crypto legislation by year’s end, stressing the importance of collaboration to keep the U.S. at the forefront of innovation. At the “Crypto4Harris” event supporting Vice President Kamala Harris’ campaign, Schumer emphasized the inevitability of cryptocurrency and the need for well-crafted legislation. Schumer Optimistic About Bipartisan … Read more
BDAG’s Rise in Battle Between Memecoins & Altcoins
Battle Between Memecoins and Altcoins: Finding the Best Crypto for Superior Returns The cryptocurrency landscape is ablaze with the ongoing battle between meme coins and altcoins. Each offers distinct perks and risks, but the big question remains: Should you throw your hat in the ring with meme coins, celebrated for their viral nature and community … Read more
Goldman Sachs Discloses $418 Million Bitcoin ETF Holdings
Global investment bank Goldman Sachs has reported holdings of $418 million in spot bitcoin exchange-traded funds (ETFs) in the second quarter. Its biggest position is a $238 million stake in Blackrock’s Ishares Bitcoin Trust (IBIT). In contrast, Morgan Stanley reduced its bitcoin ETF holdings. Meanwhile, hedge funds are taking a more aggressive stance in the … Read more
Low users, sex predators kill Korean metaverses, 3AC sues Terra: Asia Express
Low user numbers and sex predator scandals are killing South Korean metaverses, 3AC sues Terra, Malaysian crypto kidnappings. Asia Express. Go to Source