Bitcoin (BTC) rose above $23,000 again into Aug. 6 as new analysis predicted a potential surge of 20% or more. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Daily chart gives trader $30,000 target Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing overnight to once again sit near the top of its established trading range. After multiple attempts to…
It’s been a bumpy few weeks for crypto hacks. The fallout from the recent Solana hack has again reminded folks about the importance of hardware wallets, for example. We now know that more than 15,000 crypto wallets were affected, and roughly $4.6 million nabbed. Yikes. Another recurring misfortune has been bridge hacks. Bridges are key pieces of crypto infrastructure that let…
The seamless flow of capital between borrowers and lenders is a key aspect of a vibrant economy. Anyone with an extra asset can lend it to put their idle capital to work, while people needing it to grow business or meet operational costs can easily access it. Money markets are the platforms where borrowers and lenders can meet. Throughout history,…
“Art is not a thing, it is a way,” said American writer Elbert Hubbard. For Bitcoin (BTC) artists, the way is inspired by Bitcoin, its code, its philosophy and its imagery. In some cases, it’s even inspired by memes. Bitcoin has become a “lifestyle,” for some Bitcoin artists, that inspires their way of doing business, accepting payments and interacting with…
If it wasn’t clear enough already that SEC Chair Gary Gensler views most crypto tokens as securities from the many times he has said so, two weeks ago the SEC began walking the walk instead of just talking. It charged a former Coinbase product manager with insider trading, and in its complaint listed nine specific tokens as unregistered securities. It…
Ether (ETH), Ethereum’s native toke, has been continuing its uptrend against Bitcoin (BTC) as euphoria around its upcoming network upgrade, “the Merge,” grows. ETH at multi-month highs against BTC On the daily chart, ETH/BTC surged to an intraday high of 0.075 on Aug. 6, following a 1.5% upside move. Meanwhile, the pair’s gains came as a part of a broader…
Bitcoin was consolidating above $23,000 to start the weekend, as traders continue to react to yesterday’s nonfarm payrolls figure. It was confirmed that 528,000 jobs were added to the U.S. economy in July, which helped boost crypto prices. Ethereum consolidated on Saturday, after reentering the $1,700 region yesterday. Bitcoin Bitcoin (BTC) was consolidating Friday’s gains to start the weekend, as…
Fabio Araujo, Director of the Central Bank of Brazil, has praised the properties of Bitcoin, saying it is a financial innovation using new technologies. To Araujo, Bitcoin was the catalyst for what is today known as Web3. At an event, Araujo also commented about the status of the development of the digital real, stating that his organization hopes to add…
This is an opinion editorial by Wartime Microchad, a contributor for Bitcoin Magazine. Introduction Since the introduction of Bitcoin Improvement Proposal (BIP) 39, Bitcoiners have had the option to memorize the information necessary to recover bitcoin funds stored on-chain by using plain text words. But memorizing — and then reliably recalling at a later date — 12 or 24 unrelated,…
According to the latest data from the Turkish Statistical Institute, the country’s annual inflation rate for the month of July was 79.6%, the highest in 24 years. Rising transportation costs, food and non-alcoholic beverages were some of the product categories that contributed to the overall rate increase. Transportation Costs Rose the Most Turkey’s consumer inflation rate in July surged to…
