Bitcoin (BTC) spiked above $30,000 on Aug. 2 as a tour of its trading range saw BTC price volatility return. BTC/USD 1-hour chart. Source: TradingView Bitcoin comes full circle after trip to $30,000 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as buyers staged a brief rally through key resistance. Local highs of $30,025 were short-lived, with bulls unable…
Kenya’s interior ministry announced this Wednesday the suspension of the cryptocurrency project Worldcoin, per an official announcement on the ministry’s Facebook page. This decision, as per the ministry, is a precautionary measure, to ensure public safety. The suspension will persist until relevant agencies can assess and certify the project as risk-free. Kenyan authorities nor Worldcoin immediately responded to Decrypt’s request…
Lightning Network, the popular layer-2 scaling solution for Bitcoin, is set to come to Coinbase, CEO Brian Armstrong said late on Tuesday. Armstrong’s comments came in response to Jack Dorsey, the co-founder of financial services company Block Inc., who asked why the crypto exchange continues to ignore Bitcoin and Lightning. “We’re looking into how to best add Lightning. It’s non-trivial,…
India, the nation currently presiding in the G20, supported the Financial Stability Board’s recommendations for the global crypto framework, published in July. The country also emphasises the necessity of dealing with digital assets’ risks for developing economies. On August 1, India’s Presidency Note for input in a roadmap on a global framework for crypto was published on the page of…
Coinbase CEO Brian Armstrong has confirmed that the crypto exchange is “looking into” adding the Bitcoin Lighting network in its quest to advance crypto payments adoption worldwide. On July 28, Armstrong addressed the crypto community on Twitter (rebranded to X), highlighting the potential of cryptocurrencies to improve global payments infrastructure. He further suggested: “This will take lots of work from…
Binance has declined to comment on a media report that CEO Changpeng Zhao almost shuttered the crypto trading platform’s arm in the United States in an effort to protect its global company. Citing anonymous sources, the tech media outlet reported that the board of directors of Binance’s US entity, Binance.US initiated a vote to liquidate the company. However, they were unable…
The new cryptocurrency and digital identity project, Worldcoin, is facing a rough start in Kenya, with the government halting all local activity associated with the altcoin. Kenya’s Minister of Internal Security took to Facebook on Aug. 2 to announce that the state has suspended the activities of Worldcoin until relevant public agencies had certified the absence of risks to Kenyans.…
A non-profit organization dedicated to growing the development of nonfungible tokens (NFTs) on Bitcoin (BTC) has been launched by the team behind the Bitcoin Ordinals protocol. The California-based nonprofit called the Open Ordinals Institute will bolster the Ordinals protocol by providing funding to the team’s core developers, which includes the project’s pseudonymous lead maintainer Raph. In total, four team members…
Curve Finance founder Michael Egorov is attempting to offload some of his DeFi positions to alleviate his mountain of debt, but some have highlighted his liquidity sources. On Aug. 1, Nansen research analyst Sandra Leow posted a list of liquidity sources for Egorov’s Curve DAO (CRV) positions. According to Leow, Egorov sold around 50 million CRV tokens over the counter…
United States-based software development company MicroStrategy is planning to raise up to $750 million via a stock sale and says it may use the proceeds to buy more Bitcoin (BTC). In a filing to the Securities and Exchange Commission on Aug. 1, MicroStrategy announced it has entered into a sales agreement with three companies — Cowen and Company Canaccord Genuity…
