The government of Uzbekistan, which has previously made significant steps toward a moderate approach to crypto, announced Wednesday that it has restricted access to a number of large international crypto exchanges due to accusations of unlicensed activity. In a statement from Aug. 10, the National Agency of Perspective Projects (NAPP) projects informed that “various electronic …
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Bitcoin (BTC) could not overcome the barrier at $25,000 on Aug. 11 even though it had two catalysts in the form of a “favorable” Consumer Price Index print and news that BlackRock — the world’s largest asset manager, overseeing over $10 trillion in total assets — had launched a spot Bitcoin investment product. In comparison, …
Continue reading “Price analysis 8/12: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX”
TL;DR The software developer arrested by Dutch authorities earlier this week is Alex Pertsev, according to The Block. Tornado Cash DAO’s website has gone offline since the arrest. Dutch police arrested suspected Tornado Cash developer on Wednesday, 10 August. According to The Block, the software developer is Alex Pertsev, as confirmed by his wife, Ksenia …
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Balancer (BAL) Price Prediction – August 12There have been happenings in the Balancer market as it experiences a sudden spike in valuation against the US Dollar trade worth in today’s session. The crypto economy recorded an all-time high value of $74.77, precisely on May 04, 2021 (a year ago), and an all-time low point of …
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The timetable for the monumental Ethereum (ETH) merge to a proof-of-stake system is moving up by four days, according to Ansgar Dietrichs, a researcher at the Ethereum Foundation. Dietrichs says “The Merge” date is now scheduled for September 15th, rather than the tentative September 19th date thrown out by Ethereum core developer Tim Beiko last month. …
The Tornado Cash DAO went offline after many social media users reported the community discussing ways to challenge sanctions recently imposed by the United States Treasury Department’s Office of Foreign Asset Control. At the time of publication, the Tornado Cash DAO was offline reportedly following a discussion in which community members voted unanimously to add …
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An ascending triangle formation has driven the total crypto market capitalization toward the $1.2 trillion level. The issue with this seven-week-long setup is the diminishing volatility, which could last until late August. From there, the pattern can break either way, but Tether and futures markets data show bulls lacking enough conviction to catalyze an upside …
Continue reading “Crypto markets bounced and sentiment improved, but retail has yet to FOMO”
The email marketing platform Mailchimp appears to have suspended its services to crypto content creators. Platforms associated with crypto news, content or related services started to have issues logging into accounts, followed by notices of service interruptions that began surfacing this week. Crypto-associated accounts such as the Edge wallet, a provider of self-custody crypto holding …
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The blockchain industry showed some surprising resilience in July, which may point to a period of greater fundamental support for the crypto space overall in the short term. In looking at a wide variety of indicators, including Bitcoin’s (BTC) price action, open interest on Ether (ETH) and activity in GameFi, there are some strong signals …
Continue reading “Fallout from crypto contagion subsides but no market reversal just yet”
Barca studios have sold its 24.5% stake to Orpheus Media According to a tweet shared by Socios CEO Alexandre Dreyfus, the following acquisition will help boost web3, and NFT content development. Sharing more details, Dreyfus added that the firm will now be known as Barca Digital and Entertainment. In a recently published statement today, a …
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Coinbase’s recent quarterly report has led S&P Global Ratings to lower its long-term issuer credit rating to BB from BB+ with a negative outlook. The rating agency said Aug. 11 that “weak earnings” and competitive pressure on the crypto exchange have weakened its coverage ratios and “that cyclical variations for Coinbase have increased beyond our …
Determining the length of a market cycle requires looking at the past behavior of its participants. When it comes to Bitcoin, there are two major currents that change the direction of its price movements — long-term holders (LTHs) and short-term holders (STHs). Long-term holders are defined as addresses that have held Bitcoin longer than 155 …
Continue reading “Research: Bear market cycles see long-term holders capitulate and then accumulate”
Researchers at the University of Illinois have discovered vulnerabilities in the Bitcoin (BTC) Lightning Network that could result in the theft of 750 BTCs (roughly $18 million). The two researchers, Cosimo Sguanci and Anastasios Sidiropoulos, published a paper where they explained the vulnerability in the Layer 2 network using a hypothetical case where malicious nodes …
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Crypto exchange giant Huobi’s founder and CEO Leon Li is in talks with investors to sell his majority stake for $2 billion to $3 billion. According to a Bloomberg News report, Tron founder Justin Sun and FTX founder Sam Bankman-Fried (SBF) are among the interested parties. Li holds nearly 60% of Huobi Global’s shares. If Li manages …
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The United Arab Emirates (UAE) has said it now requires real estate agents, brokers, and law firms to report to the Financial Intelligence Unit real estate transactions in which virtual currency is used as payment. Similarly, real estate purchases or sales where “the funds used in the transaction are derived from a virtual asset” must …
