A proposed contact with the Kentucky Power Company would have allowed Ebon International to receive a discounted rate for service at its crypto mining facility over a decade.
Decentral Block Post
Access real-time blockchain and cryptocurrency news updates from around the globe.
Price analysis 9/1: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC
Bitcoin’s (BTC) volatility has increased over the past few days. The price soared on Aug. 29 after Grayscale scored a victory over the United States Securities and Exchange Commission (SEC). However, the euphoria was short-lived as the price gave back all the recent gains on the news that the SEC delayed the decision on all seven spot Bitcoin exchange-traded fund applications.
News related to Bitcoin ETFs has been the major trigger for the markets in the past few days. Bloomberg ETF analysts remain upbeat over the possibility of the ETFs being approved by the regulator in 2023. In an Aug. 30 post of X (formerly Twitter), Bloomberg senior ETF analyst Eric Balchunas bumped up the approval possibility of a spot Bitcoin ETF from 65% to 75%.
Daily cryptocurrency market performance. Source: Coin360In the near term, the bulls face an uphill battle as September has traditionally favored the bears. According to CoinGlass data, Bitcoin has seen negative returns in September for the past six consecutive years. Will the trend continue in 2023?
The weakness in Bitcoin is affecting several major altcoins, which have dropped close to their strong support levels. Will the decline extend further or is it time for a bounce to happen? Let’s study the charts of the top-10 cryptocurrencies to find out.
Bitcoin price analysis
The bulls failed to defend the 20-day exponential moving average ($26,947) on Aug. 31. That started a sell-off which pulled Bitcoin below the breakout level of $26,833.
Price analysis 9/1: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC
Bitcoin and most altcoins gave back the entirety of their gains shortly after the SEC decided to delay issuing a decision on all of the recently filed spot Bitcoin ETF applications.
Price analysis 9/1: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC
Bitcoin and most altcoins gave back the entirety of their gains shortly after the SEC decided to delay issuing a decision on all of the recently filed spot Bitcoin ETF applications.
Bitcoin continues to outperform Warren Buffett’s portfolio, and the gap is set to widen
Spot and levered Bitcoin positions have outperformed Berkshire Hathaway stock performance since early 2019. It is time for Warren Buffett to buy Bitcoin?
Former SEC chair says spot Bitcoin ETF approval is 'inevitable' despite delays
The commission has another 45 days to approve, deny, or delay spot Bitcoin exchange-traded fund applications from 7 major firms.
Bitcoin lines up RSI showdown as BTC price slips toward new 2-week low
Bitcoin erases all trace of "Grayscale hype" with September offering a trip below $26,000 and limited chance of upside, BTC price analysis warns.
Onboarding crypto users in Africa vs. the West — Fonbnk founder Christian Duffus explains
Christian Duffus, founder of Fonbnk, believes a lack of basic infrastructure such as telecommunications is slowing down cryptocurrency adoption in Africa.
Polygon makes new sidechain developer stack opensource, supporting ZK-powered Layer 2s on Ethereum
Polygon’s Chain Development Kit allows developers to freely build, customize and deploy layer 2 chains connected to the wider Ethereum ecosystem.
Polygon makes new sidechain developer stack opensource, supporting ZK-powered Layer 2s on Ethereum
Polygon’s Chain Development Kit allows developers to freely build, customize and deploy layer 2 chains connected to the wider Ethereum ecosystem.
Brazilian crypto streamer loses $50K by accidentally exposing private key
The risks of cryptocurrency self-custody are real and should not be underestimated, as the private key can be stolen, destroyed or lost.
Brazilian crypto streamer loses $50K by accidentally exposing private key
The risks of cryptocurrency self-custody are real and should not be underestimated as the private key can be stolen, destructed or lost.
US regulators deny blocking AI chip exports to Middle East
The U.S. Department of Commerce denied blocking AI chip sales to the Middle East and remained silent as to whether the requirements were only imposed on specific countries.
FBI report warns against 'Infamous Chisel' - new malware targeting crypto wallets
The FBI and the UK’s GCHQ published a joint report warning users about a new malware called “Infamous Chisel” which targets Android devices.
Bitcoin risks 'swift' $23K dive after BTC price loses 11% in August
BTC price performance disappoints bulls as Bitcoin comes full circle to finish a grim August for bulls.
China court declares virtual assets as legal properties protected by law: Report
Despite a blanket ban on cryptocurrencies imposed by Beijing in 2021, many Chinese courts over the years have established that virtual asset holders have property rights.
China court declares virtual assets legal properties protected by law: Report
Despite a blanket ban on cryptocurrencies imposed by Beijing in 2021, many Chinese courts over the years have established that virtual asset holders have property rights.
FTX founder’s expert witnesses would cost up to $1.2K an hour
Sam Bankman-Fried’s potential expert witnesses could charge more than the U.S. prosecution witnesses, according to court filings.
FTX founder’s expert witnesses would cost up to $1.2K an hour
Sam Bankman-Fried’s potential expert witnesses could charge more than the U.S. prosecution witnesses, according to court filings.
StarkWare, Herodotus launch tech to verify data from any point in Ethereum's history
Storage Proofs could prove useful for services like account recovery tapping into the ability to access and verify historical Ethereum data.