Chief bankruptcy judge Martin Glenn, Southern District of New York, approved Celsius’ request for running BTC mining and selling operations as a means to reinstate financial stability.
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Bitcoin price sees firm rejection at $24.5K as traders doubt strength
Bitcoin (BTC) returned to range resistance on Aug. 17 amid ongoing concerns that a retracement is imminen.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewNo success for Bitcoin bulls
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $24,448 on Bitstamp, up 3.25% from the previous day's low before diving $600 in under an hour.
Momentum gained speed on the day, but bulls faced familiar resistance at levels keeping them broadly in check since mid-June. The past week's trips to $25,000 and beyond remained brief breakouts beyond a two-month price ceiling.
Analyzing the scenario, veteran trader Peter Brandt eyed a rising wedge setup in progress for Bitcoin with $20,700 as its starting point.
On-chain monitoring resource Material Indicators was less convinced about the staying power of the current rally.
Bitcoin price sees firm rejection at $24.5K as traders doubt strength
$24,500 keeps control on hourly timeframes as gains for both Bitcoin and Ethereum are quickly extinguished.
Bitcoin price sees firm rejection at $24.5K as traders doubt strength
$24,500 keeps control on hourly timeframes as gains for both Bitcoin and Ethereum are quickly extinguished.
Bitcoin price sees firm rejection at $24.5K as traders doubt strength
Bitcoin (BTC) returned to range resistance on Aug. 17 amid ongoing concerns that a retracement is imminent.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewNo success for Bitcoin bulls
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $24,448 on Bitstamp, up 3.25% from the previous day’s low before diving $600 in under an hour.
The momentum gained speed on the day, but the bulls faced familiar resistance at levels keeping them broadly in check since mid-June. The past week’s trips to $25,000 and beyond remained brief breakouts beyond a two-month price ceiling.
Analyzing the scenario, veteran trader Peter Brandt eyed a rising wedge setup in progress for Bitcoin with $20,700 as its starting point.
On-chain monitoring resource Material Indicators was less convinced about the staying power of the current rally.
BNB Chain aims to raise 30K new Web3 developers across Latin America in 2022
BNB Chain prepares to launch a Web3 development course for Latin American students as the region continues to be a hub for adoption and crypto-related activity.
Former JPMorgan, Barclays execs on why crypto jobs attractive even in bear market
Former traditional finance veterans are debuting a crypto career at the crypto ETF issuer 21Shares despite the bear market.
Aave calls on members to commit to Ethereum PoS chain
The outcome will give a good indication of where AAVE token holders stand ahead of the upcoming ETH hard fork.
Aave calls on members to commit to Ethereum PoS chain
Aave token holders have been asked to take part in an Aave Request for Comment (ARC) that would require them to "commit" to Ethereum’s proof-of-stake (PoS) consensus.
The ARC, proposed on Aug. 16, comes in light of Ethereum's upcoming transition to proof-of-stake. It calls for members to select the Ethereum Mainnet running under PoS consensus as the new “canonical” governance system, while also giving power to an authority to shut down any Aave deployments on any alternative Ethereum forks.
The proposal will soon be made on Aave’s DAO, which allows Aave token holders to vote on software developments and updates to the AAVE protocol.
As outlined on Aave’s governance website, the proposal comes with two main specs. Firstly, members will formally signal that the Aave DAO deployed on Ethereum Mainnet’s PoS consensus is the “canonical governance [mechanism]” of the Aave DAO and Aave markets.
Secondly, a signal will give the Community Guardian the authority to shut down any Aave deployments on any other forks that arise from the Ethereum Merge.
Tornado Cash ban could spell disaster for other privacy protocols — Manta co-founder
The ban of Tornado Cash in the U.S. could have ripple effects across Web3 protocols, particularly ones that offer privacy on the blockchain.
Tornado Cash ban could spell disaster for other privacy protocols — Manta co-founder
The ban of Tornado Cash in the U.S. could have ripple effects across Web3 protocols, particularly ones that offer privacy on the blockchain.
Crypto scams fall 65% after gullible noobs exit the market: Chainalysis
Less gullible retail investors and falling asset prices have made scamming a less enticing endeavor, but the tsunami of new DeFi applications has hackers licking their lips.
Crypto.com secures UK registration for 'cryptoasset activities’
As defined by the FCA, "cryptoasset activity" includes anything that involves exchanging one crypto for another or exchanging crypto for fiat and vice versa.
Crypto.com secures UK registration for 'cryptoasset activities’
Digital asset exchange Crypto.com has just been given the green-light for “certain cryptoasset activities” in the United Kingdom, after receiving registration confirmation from the Financial Conduct Authority (FCA) on Tuesday.
According to an Aug. 16 entry in the FCA’s Financial Services Register, ‘FORIS DAX UK LIMITED’ has been registered to conduct "certain cryptoasset activities", whilst also obtaining Money Laundering Regulation Status.
FORIS DAX UK LIMITED is listed as the registered UK trading name for Crypto.com.
Details on the registration are scarce at the time of writing and Crypto.com and the FCA are yet to comment on it, however, the FCA website suggests that businesses carrying on crypto asset activity in the UK must register to be compliant with money laundering, terrorist financing and transfer of funds regulations.
As defined by the FCA, crypto asset activity includes exchanging crypto assets for money or money for crypto assets, or automating a machine to do so, and exchanging crypto assets for crypto assets.
Crypto.com secures UK registration for 'cryptoasset activities’
As defined by the FCA, "cryptoasset activity" includes anything that involves exchanging one crypto for another or exchanging crypto for fiat and vice versa.
Former Goldman Sachs banker explains why Wall Street gets Bitcoin wrong
According to John Haar, who used to count himself within the ranks of the traditional finance field, a fundamental understanding of "sound money" is preventing Wall Street from embracing Bitcoin.
Google invested a whopping $1.5B into blockchain companies since September
Other notable corporate investors include BlackRock, Morgan Stanley, Samsung, and Goldman Sachs, according to a report from Blockdata.
IRS takes out John Doe summons on crypto prime dealer SFOX to find tax cheat customers
The U.S. tax service has used the same tactic to gain information from Circle, Coinbase and Kraken in recent years, as analysis finds that half of taxes on crypto go unpaid.
2017 ICOs aren't over yet: SEC files suit against Dragonchain and its founder
The commission said it would be seeking “permanent injunctions, disgorgement with prejudgment interest, civil penalties against and conduct-based injunctions."
Function over fun? Analyst says P2E games don’t need to be ‘fun’ to retain users
Play-to-earn (P2E) blockchain-based games gathered investors’ attention in late 2021, with Axie Infinity leading the pack with over 2 million active users. In P2E games, players are awarded tokens or nonfungible token assets (NFTs) as they progress throughout the game. These digital assets can be sold using marketplaces and cryptocurrency exchanges, generating income in a decentralized manner.
However, there is a large discrepancy between P2E and traditional PC and console gaming experiences. In that sense, crypto games are a couple of decades behind due to the restrictions imposed by blockchain technology.
Yes, most crypto games lack a decent user experience
Although the promise of AAA-level crypto games eventually developing exists, so far, most of the launches gravitate toward digital trading card battles, decentralized finance disguised as role-playing games, and collectibles.
Unsurprisingly, crypto games critics focus on the lack of fun, or a comparable user experience versus the traditional market, as pointed out by analyst Udi Wertheimer.
According to Anton Link, the CEO of NFT renting and leasing protocol Unitbox Protocol: