BTC price action is causing some to panic, but Bitcoin miner confidence in the network is there for all to see. Source: https://cointelegraph.com/public/index.php/news/bitcoin-mining-difficulty-new-peak-btc-price-dip
Month: August 2023
Bitcoin difficulty jumps 6% to new peak as miners ignore BTC price dip
Bitcoin (BTC) network fundamentals are in no mood to follow bearish BTC price action this week. The latest on-chain data confirms that difficulty has hit new all-time highs, with hash rate not far behind. Bitcoin mining difficulty ends slump Despite BTC/USD dropping 10% last week, Bitcoin miners appear to be taking the price downturn in their stride. This was cemented…
What are the 3 assets most correlated with Bitcoin?
The financial media often points out Bitcoin’s (BTC) correlation to big tech. “Bitcoin is trading like a tech stock” is a common narrative alongside BTC’s often acute inverse-relationship with the United States dollar. But are these correlations set in stone, and can they be useful for predicting future price moves? Let’s take a closer look at several reports analyzing the…
BlackRock has more to lose from a BTC price crash pre-Bitcoin ETF
The argument that BlackRock gains from cheaper Bitcoin for its ETF launch isn’t straightforward, and neither is the idea that the government is suppressing BTC’… Source: https://cointelegraph.com/public/index.php/news/blackrock-lose-bitcoin-price-crash-btc-etf
Sam Bankman-Fried is low on meds, living on $3 peanut butter in prison
FTX founder Sam Bankman-Fried has seemingly been doing it tough behind bars, eating only bread with peanut butter to accommodate his vegan diet, while exhausting his supply of prescription medication. In the same hearing where Bankman-Fried pleaded not guilty to seven fraud-related charges, Bankman-Fried’s lawyers pleaded for the former FTX CEO to receive better treatment inside Brooklyn’s notorious Metropolitan Detention…
Is the 25% drop in PEPE, SHIB and APE a sign of a deepening crypto bear market?
Memecoins reflect a higher beta to the entire crypto sector, but does their recent 25% price drop signal a deepening bear market for BTC, ETH and large caps? Source: https://cointelegraph.com/public/index.php/news/is-the-25-drop-in-pepe-shib-and-ape-a-sign-of-a-deepening-crypto-bear-market
OpenSea manager accused of insider trading sentenced to 3 months in prison, $50K fine
Nathaniel Chastain will reportedly have until Nov. 2 to surrender himself following his conviction for wire fraud and money laundering related to insider tradin… Source: https://cointelegraph.com/public/index.php/news/opensea-manager-accused-insider-trading-sentenced-months-prison-50k-fine
Binance.US taps MoonPay as banking alternative to regain USD ramps
Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the U.S. Dollar-pegged stablecoin Tether (USDT) to useon its platform. In an Aug. 22 statement, the crypto exchange announced that USDT was being adopted as the new “base asset” for all transactions and its partnership with MoonPay allows…
Australian CBDC could be useful for payments, tokenization, says RBA
The RBA has wrapped up its CBDC pilot program and outlined four key areas that could be improved by the introduction of central bank-issued digital currency. Source: https://cointelegraph.com/public/index.php/news/australia-rba-cbdc-pilot-finds-uses-payments-tokenization
BlockFi argues FTX, Three Arrows Capital isn’t entitled to repayments
Bankrupt cryptocurrency lender BlockFi is trying to block attempts by the similarly bankrupt FTX and Three Arrows Capital (3AC) that aim to retrieve hundreds of millions of dollars to pay back their creditors. BlockFi claimed in an Aug. 21 filing to a New Jersey bankruptcy court that its own creditors shouldn’t be pushed to the back of the line because…