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Key Bitcoin bull signal flashes for first time in nearly 2 years, hinting at 2x price surge
15.8.2024
Bitcoin price could increase by over two-fold based on a key bull signal historically correlated with price rallies
Tough Times for Bitcoin Miners: First Half of August Yields Just a Fraction of July’s Profits
15.8.2024
With the first half of August in the rearview mirror, it’s clear that bitcoin miners are facing a challenging month, having only accumulated 36.36% of the total revenue they made in July. A combination of bitcoin’s price fluctuations and reduced onchain fees has left miners in a much...
Chainalysis alerts rise in crypto hacks and ransom in 2024
15.8.2024
Cryptocurrency hackers have been returning to their roots to targeting centralized exchanges amid a spike in the Bitcoin price in 2024
South Africa Unveils National AI Policy Framework, Seeks Stakeholder Feedback
15.8.2024
South Africa has published a national policy framework for artificial intelligence (AI) and is seeking feedback from stakeholders. This framework is the first step towards developing a comprehensive national AI policy. It aims to foster a robust AI ecosystem through coordinated efforts in research...
First Mover Americas: Bitcoin Drops to Under $58K After U.S. CPI Data
15.8.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 15, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
First leveraged MicroStrategy ETF launches in the US
15.8.2024
The ETF could offer more leveraged exposure to Bitcoin, especially for institutional investors looking to diversify their holdings
Analyst Predicts Silver Prices Could Reach $200 Driven by Demand for New EV Battery Technology
15.8.2024
Kevin Bambrough, a financial expert with over a decade of experience in commodities markets, has predicted that silver could reach $200 per ounce in the next 10 to 15 years, riding the wave of increased demand for a new EV battery technology developed by Samsung. According to Bambrough, the...
US gov’t $590M Silk Road Bitcoin transfer to Coinbase unlikely to be sold: Analyst
15.8.2024
The government could also be looking to custody or trade the Bitcoin, based on a recent partnership with Coinbase Prime
Bitcoin Mining Was Less Profitable in July Than June, Jefferies Says
15.8.2024
August will be a more difficult month for the miners as the price of bitcoin has dropped about 5% while the network hashrate has started to grow again, the report said
Bitcoin sell pressure may break $56K support as options expiry looms
15.8.2024
The Bitcoin price could experience significant downside volatility unless it manages to recover above $60,000 before the options expire on Aug. 16
Coinbase Hints at the Launch of Its Wrapped Bitcoin Alternative on Base
15.8.2024
Coinbase, one of the largest U.S.-based cryptocurrency exchanges, has hinted at the launch of its own wrapped bitcoin alternative, cbbtc. On X, Coinbase posted the currency name, followed by another post stating that it was coming soon. Jesse Pollak, the creator of Base, Coinbase’s incubated...
Nigeria Blocks Jailed Binance Executive Tigran Gambaryan’s Legal Team
15.8.2024
Jailed Binance employee and an American citizen, Tigran Gambaryan, is reportedly experiencing severe health issues. Since a Nigerian court adjourned his hearing to October 11, his detention conditions have worsened, and his legal team has been blocked from visiting him, violating Nigerian...
US gov't Bitcoin sale 'doesn't affect anything' as analyst blames bears
15.8.2024
Governments divesting themselves of their BTC is a non-event, but Bitcoin bears make sure that the market feels the heat regardless, analysis says
Bitcoin Drops to $58K After U.S. CPI Print, BTC ETFs Record $81M Outflow
15.8.2024
Traders say bitcoin could drop to $55,000 in the near-term, but favorable Fed policies could set the stage for its next leg up
Pro-Crypto Fairshake PAC Funds Democrats in Key Senate Races
15.8.2024
A pro-cryptocurrency political group, Fairshake PAC, has invested millions in supporting Democratic Senate candidates in Michigan and Arizona against former President Donald Trump-endorsed Republicans, causing tension within the GOP. Fairshake PAC, along with its affiliated super PACs, committed...
Iran is giving $24 to anyone who dobs in illegal crypto miners
15.8.2024
The boss of Iran’s state-run electricity company said some had exploited subsidized electricity to run crypto mining operations, straining the power grid
Two-thirds of institutional Bitcoin ETF holders held or bought more in Q2
15.8.2024
44% of asset managers increased their Bitcoin ETF holdings, while 22% held their position, which was a “pretty good result,” according to Bitwise’s investment chief
Fed rate cuts are not a sure thing — What does this mean for Bitcoin?
15.8.2024
A portfolio manager says market participants are a bit too optimistic about an aggressive Fed interest rate cut, which could pose risks
China-Russia International Trade Payments Situation Worsens: Crypto and Barter Rise as Alternatives
15.8.2024
Chinese regional banks, which were once used as bridges to process payments from Russia to China, have begun rejecting these payments for fear of secondary sanctions. To facilitate these transactions, cryptocurrency and even barter schemes have emerged as options to continue trading outside...
Vanguard’s New CEO Reaffirms No Crypto ETFs in Future Strategy
15.8.2024
Vanguard’s new CEO, Salim Ramji, reaffirms the company’s cautious stance on crypto exchange-traded funds (ETFs), emphasizing innovation and client-focused strategies while rejecting the launch of a crypto ETF. Ramji, a former Blackrock executive, highlights Vanguard’s strengths...