News

‘Bullish narratives’ erupt as XRP surges 35% this week

XRP has surged 35% this week and some traders are anticipating a breakout moment, pointing to a long-term trend they’ve been observing on the price chart. Source: https://cointelegraph.com/news/xrp-price-bullish-narratives-crypto-analysis-santiment?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

South Korea Considers Deferring Crypto Taxation Until 2028
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South Korea Considers Deferring Crypto Taxation Until 2028

The ruling party of South Korea is, once again, considering the postponement of the enactment of crypto-specific taxes, as this could influence public opinion towards the government. The party aims to implement these taxation rules by 2028, citing a lack of necessary regulations and institutional infrastructure as the primary reasons for this measure. South Korea […] Source: https://news.bitcoin.com/south-korea-considers-deferring-crypto-taxation-until-2028/

Nigeria Police Arrest Self-Proclaimed Crypto Billionaire on Charges of Cryptocurrency Fraud and Terrorism Funding
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Nigeria Police Arrest Self-Proclaimed Crypto Billionaire on Charges of Cryptocurrency Fraud and Terrorism Funding

On July 16, the Nigeria Police Force confirmed the arrest of Linus Williams, a self-proclaimed crypto billionaire also known as Blord. Williams faces charges related to internet fraud, terrorism funding, and violations of the Central Bank of Nigeria (CBN) Act. According to a police spokesman, some of Williams’ alleged crimes involve the use of cryptocurrency […] Source: https://news.bitcoin.com/nigeria-police-arrest-self-proclaimed-crypto-billionaire-on-charges-of-cryptocurrency-fraud-and-terrorism-funding/

Bitso Integrates Lightspark for Bitcoin Lightning Network
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Bitso Integrates Lightspark for Bitcoin Lightning Network

Bitso, a leading Latin American cryptocurrency platform, has announced its partnership with Lightspark to incorporate the Bitcoin Lightning Network into its services. This integration aims to enhance the speed and affordability of bitcoin transactions for Bitso’s users. Bitso Adds Lightning Support via Lightspark The integration of Lightspark Connect will allow Bitso‘s 8 million retail customers […] Source: https://news.bitcoin.com/bitso-integrates-lightspark-for-bitcoin-lightning-network/

News

Traders eye $71.5K Bitcoin price as open interest jumps 13%

Bitcoin may be gearing up to move above $70,000 now it has reclaimed a critical level that traders have been closely watching for the past two months. Source: https://cointelegraph.com/news/bitcoin-traders-price-critical-levels-open-interest-all-time-highs?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Crypto Market Cap Drops 14.4% in Q2 2024, Report Shows
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Crypto Market Cap Drops 14.4% in Q2 2024, Report Shows

The total crypto market cap decreased by 14.4% in the second quarter this year, ending at $2.43 trillion, while the S&P 500 increased by 3.9%, according to the 2024 Q2 Crypto Industry Report by Coingecko. Bitcoin’s price fell by 11.9%, ranging from $58,000 to $72,000, with its mining hash rate dropping 18.8% after reaching an […] Source: https://news.bitcoin.com/crypto-market-cap-drops-14-4-in-q2-2024-report-shows/