Bitcoin (BTC) inched closer to $22,000 on Aug. 25 as realized price provided the next major hurdle for bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Realized price inspires confidence Data from Cointelegraph Markets Pro and TradingView showed BTC/USD grinding higher overnight to come face to face with $21,700. That level, coinciding with realized price,
admin
On Wednesday, U.S. dollar stablecoin issuer Tether said that it would not freeze smart contract addresses sanctioned by the United States Office of Foreign Assets (OFAC) Control’s Specially Designated Nationals and Blocked Persons (SDN) list for cryptocurrency trail-mixer Tornado Cash. In explaining the decision, Tether said: ”So far, OFAC has not indicated that a stablecoin issuer
“The collapse of crypto shadow banks like Celsius demonstrated just how problematic centralized, opaque finance can be,” says Sunny Aggarwal of Osmosis DEX. Centralized finance platforms have taken a huge credibility hit due to poor risk controls, but decentralized finance protocols haven’t escaped unscathed either. So, is DeFi or CeFi likely to emerge stronger from
Ethereum was back above $1,700 in Thursday’s session, as the date for the long-awaited “Merge” was finally confirmed. A blog post from the Ethereum Foundation stated that the event will begin on September 6, and be completed between September 10 and 20. Bitcoin also moved marginally higher, as it continued to approach $22,000. Bitcoin Bitcoin
Bitcoin Depot, a major cryptocurrency ATM provider in the United States, is planning to go public through a merger with a special-purpose acquisition company (SPAC). Atlanta-based Bitcoin Depot has reached a definitive agreement to merge with the SPAC GSR II Meteora (GSRM) in an $885 million deal in order to go public, the firm officially
American cryptocurrency exchange Coinbase aims to grow revenue from subscriptions in the long term to combat potential profit margin compression. The firm’s founder and CEO Brian Armstrong delved into the long-term prospects of the American cryptocurrency exchange in a wide-ranging interview with CNBC’s Crypto World on Aug. 23. A key talking point was the potential
Graphics card giant Nvidia CFO Colette Kress says the company has been unable to estimate reduced crypto mining demand impacted its Q2 results, which fell short of analyst expectations on Wednesday. The chip giant released its financial results for the three months ended July 31, which revealed a 19% quarter-on-quarter drop in revenue to $6.5
Are cryptocurrency games innocent fun? Or are they Ponzi schemes facing an imminent crackdown by regulators in the United States? Tokens related to cryptocurrency games — known colloquially as “GameFi” — were worth a cumulative total of nearly $10 billion as of mid-August, give or take a few billion. (The number may vary depending on
Summary: Developers working on Ethereum’s transition to Proof-of-Stake released an update ahead of the anticipated event. The Merge bug country program was bumped up as much as $1 million for critical bugs and vulnerabilities. September 6 marks the first major Merge upgrade dubbed Bellatrix. Developers also plan to shut down the Kiln testnet the same
Ethereum co-founder Vitalik Buterin suggests the superiority of cryptocurrency for payments is often “underrated” compared to fiat, pointing to the convenience of international payments and payments to charities as key examples. Buterin made the comments in a Twitter thread on Aug. 24, explaining that it’s not just resistance to censorship, but also convenience that makes
The United States filled in the wide gap in Bitcoin (BTC) mining that was left open by China by the end of June 2021. Despite looming rumors of high power consumption, officials in Texas, one of the fastest growing crypto mining hubs in the U.S., now believe that mining operations can, in fact, garner a symbiotic
Since failing to close above the $2,000 mark, Ether (ETH) price has faced a steep 16.8% correction, but this was not enough to give bears an edge in the August $1.27 billion monthly options expiry. Ether USD price index, 12-hour chart. Source: TradingView Currently, there are mixed feelings about the network’s upcoming change to a
The $74 million plan by two former Uniswap Lab executives for a new Uniswap Foundation has just become reality after their proposal received over 99% of the votes from UNI token holders. According to the initial proposal, the foundation aims to streamline Uniswap’s Grant Program (UPG) and reduce friction in the protocol’s governance system. Former
In a novel address at the University of California Berkley published on Wednesday, Olli Rehn, governor of the Bank of Finland, touted the possibility of a digital euro centralized bank digital currency (CBDC) functioning in tandem with private fintech solutions to facilitate the cross-border payment of services across Europe. The European Central Bank’s (ECB) investigation
While the crypto community is still talking about the U.S. government banning the ethereum mixing platform Tornado Cash, the stablecoin issuer Tether Holdings Limited revealed on Wednesday that the company would not “freeze Tornado Cash addresses.” Tether’s recently published blog post about the subject says the company is waiting for instructions from law enforcement. Tether
Bitcoin (BTC) and several major cryptocurrencies have been trading sideways as traders avoid taking large bets before the United States Federal Reserve’s Jackson Hole Economic Symposium, which begins on Aug. 25. The volatility is likely to soar as investors get some clarity on the Fed’s stance in the next few days. On Aug. 23, a
