Bitcoin (BTC) is headed for a long-term support retest, data suggests after BTC price action fell into the August monthly close. BTC/USD 1-hour chart. Source: TradingView BTC price: Roads point to $23,000 Reversing gains seen last week, BTC/USD is back below $26,000 as of Sep. 1, data from Cointelegraph Markets Pro and TradingView shows. Market participants had seen cause for…
Bitwise was among a number of asset managers looking to launch spot Bitcoin exchange-traded funds in the United States. Source: https://cointelegraph.com/public/index.php/news/bitwise-withdraws-bitcoin-and-ethereum-market-cap-etf-application
People’s courts in China exercise judicial power independently and are not subject to interference by an administrative or public organization. These courts try criminal, civil, administrative, and cases that involve economic disputes. The report titled “Identification of the Property Attributes of Virtual Currency and Disposal of Property Involved in the Case,” acknowledged that virtual assets have economic attributes and thus…
The 22% self-limit rule ensures at least four major staking entities would need to collude in order for the chain to reach finalization. Source: https://cointelegraph.com/app/public/index.php/news/ethereum-staking-services-agree-self-limit-validators
As the start date of the trial of FTX co-founder Sam Bankman-Fried (SBF) approaches, new court filings indicate that SBF could pay his expert witnesses more than $1000 an hour should they testify on his behalf. SBF may call seven expert witnesses to testify at his fraud trial that is currently scheduled for Oct. 2, 2023. The proposed expert witnesses…
Bitwise was among a number of asset managers looking to launch spot Bitcoin exchange-traded funds in the United States. Source: https://cointelegraph.com/app/public/index.php/news/bitwise-withdraws-bitcoin-and-ethereum-market-cap-etf-application
A new zero-knowledge proof (ZK-proof) technology is set to improve the ability to access and verify historical data from the Ethereum (ETH) blockchain, with deep chain validation cited as a usability barrier of the network. Technology firm Herodotus has released its on-chain accumulator which uses storage proof cryptography, allowing users to verify data from any point of Ethereum’s blockchain without…
reportThe cryptocurrency exchange OKX plans to enter the Indian market and recruit local employees in an effort to expand its possibilities of Web3 applications, according to a CoinDesk report. OKX’s CMO, Haider Rafique, said it plans to scale up its wallet services “exponentially” via entrance into India’s developer community. He continued, saying there are currently 200,000 OKX user wallets in…
Bitcoin briefly dropped below $26,000 early this morning as optimism around the approval of a Bitcoin ETF application was again delayed. Yesterday, the SEC extended the deadline to approve or deny six ETF decisions by 45 days, citing the need for additional time to evaluate the applications. The negative price movement over the past day reversed the bullish gains in…
While history shows September isn’t usually great for Bitcoin, analysts urged investors to look to mid-October. Source: https://cointelegraph.com/public/index.php/news/bitcoin-down-september-etf-approvals-october-analysts
