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Binance adds fiat currency restrictions for Russian users

Russian ruble use on Binance P2P has been restricted to Russian citizens who live in the country.

1inch wallet buys $10M in ETH following a $3.7M profit streak in July

The crypto wallet wallet linked to 1inch Investment Fund currently holds around $80 million in various digital assets.

OKX and ByBit remove sanctioned Russian banks from payments list

Tinkoff Bank and Sberbank are no longer available on the list of P2P transactions on ByBit and OKX.

Laos halts electricity supply to crypto mining projects amid drought

The drought that the country experienced in the first half of 2023 resulted in higher electricity demand and lower power generation capabilities from hydropower plants.

September 'crash' to $22K? — 5 things to know in Bitcoin this week

BTC price is looking frail as August comes to an end, and with Bitcoin bulls out of ammo, traders are preparing for more pain to come.

Indian PM Modi calls for global cryptocurrency framework at G20 Summit

India has advocated for a global crypto framework for years, however, back home, the crypto ecosystem is still looking for a clear regulatory framework and simpler taxation.

Indian PM Modi calls for global cryptocurrency framework at G20 Summit

India has advocated for a global crypto framework for years, however, back home, the crypto ecosystem is still looking for a clear regulatory framework and simpler taxation.

Indian PM Modi calls for global cryptocurrency framework at G20 Summit

India has advocated for a global crypto framework for years, however, back home, the crypto ecosystem is still looking for a clear regulatory framework and simpler taxation.

Weekend Wrap: Bitcoin could return to $10K, warns McGlone, Aptos buddies with Lotte and more

Bloomberg Intelligence’s Mike McGlone thinks we may be in for a "global economic reset" that could send Bitcoin down to $10,000.

Bitcoin revenue per terahash nears record lows as hashrate soars

As the Bitcoin network hash rate tops 414 EH/s, miners are struggling to stay afloat amid plummeting profitability.

Bitcoin revenue per terahash nears record lows as hashrate soars

As the Bitcoin network hash rate tops 414 EH/s, miners are struggling to stay afloat amid plummeting profitability.

'Breakthrough growth' will be driven by Web3: HK financial secretary

Paul Chan says that blockchain and Web3 tech will be responsible for the next big wave of growth in Hong Kong’s digital tech sector.

Friend.tech pronounced 'dead' after activity and fees tank

Buyers, sellers, inflows and transactions have all taken significant dives on the Friend.tech platform after its launch just over two weeks ago, prompting some critics to herald its death.

OnlyFans’ parent company bought $20M of Ethereum as revenue surged

Fenix International, the parent company of OnlyFans purchased the cryptocurrency between 2021 and 2022.

While Friend.tech booms, decentralized social has a retention problem — Execs

Despite the recent hype around riend.tech, some decentralized social networks are still having a tough time getting users to sign up and stay on their social media platforms.

Two executives in the decentralized social (DeSo) media space told Cointelegraph that as much as 99% of users moving into DeSo for the first time will end up quitting, either due to clunky onboarding or simply not knowing anyone.

Ed Moss, the head of growth for layer-1 blockchain firm DeSo, said the process of cryptocurrencies from an exchange, transferring it to a wallet with an installed Chrome extension, and then paying high gas fees to transact on-chain or across chains is tedious and expensive for first-time users.

“We've found that 99% of mainstream users will drop off at that first step, so simplifying this flow is mission critical.”

Therefore, the single most important factor is to make sure the onboarding process is as frictionless as possible, Moss said.

While Friend.tech booms, decentralized social has a retention problem — Execs

Decentralized social network Friend.tech may be booming right now, but execs say decentralized social media apps still have an onboarding and retention issue to fix.

Bitcoin price stability creates lucrative setups in TON, XMR, MNT and QNT

Bitcoin (BTC) has gone silent over the weekend. CryptoQuant CEO Ki Young Ju said in a recent post on X (formerly Twitter) that Bitcoin’s velocity has declined to a 3-year low. He said this could either be considered positive as whales were holding on to their positions or negative because the transfer to new investors was not happening.

The range-bound action continues to perplex investors about the next possible trending move. In that regard, there was a positive commentary from JPMorgan analysts who said that Bitcoin’s downtrend could be ending. They believe that the declining open interest in Bitcoin futures contracts on the Chicago Mercantile Exchange suggests that the long liquidation is over.

Crypto market data daily view. Source: Coin360

As Bitcoin decides its next move, select altcoins are showing signs of strength. These altcoins could turn negative if Bitcoin’s range resolves to the downside but if Bitcoin turns up or stays in a range, then they may offer a short-term trading opportunity.

Let’s study the charts of the top-5 cryptocurrencies that may move up in the near term and identify the levels that need to be crossed for the bulls to take charge.

Bitcoin price analysis

Bitcoin formed an inside-day candlestick pattern on Aug. 26, indicating indecision between the bulls and the bears about the next directional move.

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Bitcoin price stability creates lucrative setups in TON, XMR, MNT and QNT

Bitcoin price holding $26,000 could open up some bullish trading opportunities in TON, XMR, MNT and QNT.

FTX suspends user accounts amid Kroll cyber breach concerns

FTX's decision was undertaken as a proactive measure aimed at preventing the occurrence of any potential future incidents or additional harm following the recent hack.

Crypto community reacts to Biden's proposed crypto tax reporting rules

Many prominent crypto commentators are concerned that this will make crypto firms even more reluctant to do business in the United States.

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