Bitcoin price is targeting $25,000 and holding this level could trigger breakouts in ADA, UNI, LINK and CHZ. Source: https://cointelegraph.com/news/top-5-cryptocurrencies-to-watch-this-week-btc-ada-uni-link-chz
Month: August 2022
This Week on Crypto Twitter: Tornado Cash Sanctions Slammed, Vitalik Criticizes MakerDAO Proposal
This week in coins. Illustration by Mitchell Preffer for Decrypt. It should also be noted that Github—the code platform that hosted Tornado Cash’s code—also took action on Monday. Github removed Tornado’s code and suspended Tornado Cash founder Roman Semenov’s account. Finally, on Friday, the Netherlands Crime Agency (FIOD) reported arresting a “suspected” Tornado Cash developer. The news made waves on…
Weekly NFT Sales Show Improvement, Fantom and Immutable X NFT Volume Spikes – Markets and Prices Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging…
Brother Bing’s Guide to Surviving the Crypto Bear Market
Brother Bing had planned to write a self-help-ish piece on surviving the crypto bear market when ETH sank to 3 digits. But writing takes a long time, especially when you are having fun at your day job. And now that I’ve finally pieced together my thoughts, ETH is riding the Merge wave and hovering around $2000—still down dramatically from its…
War on Crypto! From Ethereum Mixers to Media Newsletters
On Monday, the U.S. Treasury Department added Tornado Cash to its blacklist, banning American citizens from using the crypto mixing site, because it “has been used to launder more than $7 billion worth of virtual currency since its creation in 2019.” Separately, on Tuesday, we at Decrypt woke up to find that our newsletter provider Mailchimp had deactivated our account with…
Brazilian Crypto Investment Platform Bluebenx Stops Withdrawals Under Hack Allegations – Exchanges Bitcoin News
Bluebenx, a Brazil-based cryptocurrency investment platform, suspended withdrawals last week due to an alleged hack that made the company lose more than $31 million. The company announced that the withdrawals would be stopped for at least six months. The company has been investigated by the Brazilian Securities and Values Commission (CVM) in January. Bluebenx Stops Withdrawals, Allegedly Loses $31+…
Proposed Ethereum PoW Fork Token Loses Half Its Market Value in Less Than 6 Days – Markets and Prices Bitcoin News
In 32 days, Ethereum is expected to upgrade from a proof-of-work (PoW) consensus algorithm to a proof-of-stake (PoS) system after the network used PoW for seven years. While the testnets have implemented the new rules, most people envision a relatively smooth mainnet transition. However, another chain is expected to fork away from the Ethereum branch and since August 8, the…
Bitcoin Tops $25K for First Time in 9 Weeks
Bitcoin passed the $25,000 level late on Saturday night for the first time since June 13. By Sunday morning it had lost steam and fallen back to $24,510 on CoinMarketCap at the time of writing, a sign that $25,000 is likely to remain a key resistance level for the largest cryptocurrency for the time being. Bitcoin is up just 5.85%…
Binance CEO’s Warning About Wazirx Wallets, Nigerian EFCC on Naira Depreciation, O’Leary Buys the Dip — Bitcoin.com News Week in Review – The Weekly Bitcoin News
Another week has passed and developments in the Binance-Wazirx controversy continue, Nigeria’s Economic and Financial Crimes Commission (EFCC) claims it has identified individuals fueling the naira’s depreciation, Shark Tank star Kevin O’Leary says crypto “desperately needs policy,” and the government of Nepal is preparing to issue its own digital currency. The weekend is here, and it’s time for the Bitcoin.com…
Reserve Bank of Zimbabwe ‘Developed a Roadmap for Adoption of CBDC,’ Says Governor – Fintech Bitcoin News
The governor of the Zimbabwean central bank, John Mangudya, recently said his organization “has developed a roadmap for adoption of CBDC [central bank digital currency] in Zimbabwe.” Mangudya also revealed that two fintech startups had been admitted into the central bank’s fintech regulatory sandbox. Stakeholders’ Views Wanted Nearly six months after announcing the Reserve Bank of Zimbabwe (RBZ)’s intention to…