For the third time in as many weeks, Bitcoin fell under $20,000 in late Wednesday trading, extending the June doldrums in crypto to the very end of the month. The value of a Bitcoin hit $19,984 at around 9:24 p.m. EDT, according to CoinMarketCap, but resurfaced above $20,000 less than 20 minutes later. Bitcoin accounts for more than 42 percent…
This is an opinion editorial by Ray Youssef, CEO of Paxful and co-founder of the Built With Bitcoin Foundation. Bitcoin has the power to help real people, but the “Bitcoin is useless” narrative still exists. Traveling on the ground in the emerging world, I’ve heard hundreds of stories from people who’ve said that Bitcoin has changed their lives for the…
Cardano (ADA) blockchain developer Input Output Hong Kong (IOHK) has submitted an update proposal to hard fork the Cardano testnet, kicking off the countdown for the network’s Vasil mainnet upgrade. The Vasil upgrade is slated to bring “significant performance and capability upgrades” to the blockchain, with IOHK describing the fork as the “biggest and best upgrade to date” providing a…
Warren Buffett-backed Nubank, one of the world’s largest digital banking platforms, is now offering cryptocurrency trading to all of its 54 million customers. Nubank also holds bitcoin on its balance sheet. Nubank’s Crypto Service Now Available to All Customers Nubank, one of the world’s largest digital banking platforms, now offers cryptocurrency trading to all clients, according to its blog post,…
A similar decision was also made on Wednesday regarding Bitwise’s Bitcoin exchange-traded product (ETP) citing the same reasons. Source: https://cointelegraph.com/news/breaking-grayscale-launches-legal-challenge-to-bitcoin-spot-etf-rejection
After hackers stole $100 million worth of cryptocurrency from Harmony Protocol on Friday, the team behind the layer 1 blockchain announced it would offer a $1 million reward to anyone with information about the hacker. As of this afternoon, a lead suspect has emerged. According to a report released today by blockchain analytics firm Elliptic, the manner in which the…
Bullish cryptocurrency traders hoping that the market was on a path higher received a dose of reality on June 29 as the price of Bitcoin (BTC) dipped below $20,000 again during intraday trading. Data from Cointelegraph Markets Pro and TradingView shows that the top cryptocurrency fell under pressure in the early trading hours on June 29 with bears managing to drop…
The state of NFTs isn’t all doom and gloom amid the bear market. The total volume of Ethereum NFT trades has declined by 55% in the past month, from 1.3 million ETH to just 584,000 ETH, according to Nansen data. That’s a drop from just under $2.6 billion to about $672 million, which is roughly a 70% decrease when valued in USD.…
The European Union (EU) reached a deal on Wednesday regarding anti-money laundering rules that would apply to a large number of cryptocurrency transactions. The new rules aim to prevent money laundering and terrorist financing, among other crimes, by requiring crypto-assets service providers to collect and store information identifying people involved in cryptocurrency transactions, as well as hand the information over…
Microstrategy has purchased more bitcoin amid a heavy market sell-off. The announcement followed a clarification by the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, stating that bitcoin is a commodity. Microstrategy Buys the Dip The Nasdaq-listed software company Microstrategy has bought the bitcoin dip again. In a Wednesday filing with the U.S. Securities and Exchange Commission…
