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Bitcoin speculators are underwater on 88% of their BTC bags — Research

A tale of two types of Bitcoin investor emerges, as BTC price action separates "sensitive" speculators from seasoned hodlers.

PayPal’s new PYUSD stablecoin faces legal headwinds and ‘less functionality’

Industry experts explain the benefits and disadvantages of PayPal’s PYUSD stablecoin.

PayPal’s new PYUSD stablecoin faces legal headwinds and ‘less functionality’

Industry experts explain the benefits and disadvantages of PayPal’s PYUSD stablecoin.

PayPal’s new PYUSD stablecoin faces legal headwinds and ‘less functionality’

Industry experts explain the benefits and disadvantages of PayPal’s PYUSD stablecoin.

Ethereum co-founder Vitalik Buterin moves $1M of ETH to Coinbase

On-chain data shows that Ethereum co-founder Vitalik Buterin moved 600 ETH to U.S. exchange Coinbase amid ongoing market woes.

Renewable energy Bitcoin mining company powers up in Sweden

Bitcoin mining lands another green energy data center as global powerhouse GDA sets up shop in Sweden.

Kenya forms parliamentary committee to investigate Worldcoin

The controversial crypto project’s launch has been marred into controversy and it's already facing investigations in nearly half a dozen countries.

Kenya forms parliamentary committee to investigate Worldcoin

The controversial crypto project’s launch has been marred into controversy and it's already facing investigations in nearly half a dozen countries.

Somalia bans Telegram and TikTok over misinformation

Somalia has shut down crypto-friendly messaging app Telegram and gambling site 1XBet, while cryptocurrency investments aren’t banned.

5 strategies to mitigate side channel attacks on cryptocurrency hardware wallets

Explore strategies to prevent side-channel attacks on cryptocurrency hardware wallets, ensuring your digital investments remain secure.

Google responds to accusations of ads tracking data of children

After an in-depth report surfaced over YouTube advertisers potentially harvesting data from children, Google responded by saying it has “strict policies” over children’s content.

Most fear since SVB collapse — 5 things to know in Bitcoin this week

Bitcoin traders are truly "spooked" and sentiment crashes harder than BTC price as the shake-up from last week's losses continues.

How to buy Bitcoin with Cash app

A step-by-step guide to buying Bitcoin on Cash App, including guidance on fees, the auto invest feature and security tips to empower your cryptocurrency investment journey.

Bitget mandates KYC requirements in line with tightening global regulations

The exchange operator is instituting new KYC requirements for users from September 2023 to comply with developing global regulatory guidelines.

China proposes to bring its social credit system to the metaverse: Report

Proposals to a United Nations group reportedly show China wants digital IDs and real-world punishments for actions that occur in the Metaverse.

Ordinals still make up majority of Bitcoin txs despite price collapse

Bitcoin Ordinals appear to be alive and kicking with nearly 85% of network activity dominated by inscriptions and BRC-20 minting on Aug. 21.

On-chain tool to seize crypto is a purist's nightmare, but a must: CEO

The founder of layer-1 blockchain Jurat has defended his protocol against potential haters, arguing that on-chain legal enforcement is a necessary trade-off for crypto mass adoption. 

On Aug. 8, a U.S. District Court used Jurat’s on-chain enforcement tool to lock several sanctioned individuals out of their crypto accounts. These individuals were sanctioned for money laundering and using ransomware to extort cryptocurrency payments to benefit North Korea’s weapons program.

Speaking to Cointelegraph, Mike Kanovitz, the founder and CEO of Jurat said the judicial order was the first of its kind.

The Jurat blockchain was launched in late 2022, formed via a fork of the Bitcoin blockchain. The technology connects blockchain nodes with court dockets to enforce court orders.

Kanovitz admits that such technology will likely garner criticism from die-hard supporters of decentralization.

On-chain tool to seize crypto is a purist's nightmare, but a must: CEO

A U.S. federal court recently used on-chain tech to lock criminals out of their crypto on the Jurat Network. Its founder, Mike Kanovitz, admits it could see hate from crypto purists.

Friend.tech hype unsustainable? Critics give it only months to live

Most crypto industry heavyweights have been bullish about the new decentralized social media app friend.tech, but some critics warn it's getting too hot too quickly.

HBAR, OP, INJ and RUNE flash bull signals as Bitcoin price looks for stability

Trader sentiment has turned bearish following Bitcoin’s (BTC) 11% slump this week. Although Bitcoin is taking support near $25,000, several analysts are factoring in another leg down toward the crucial $20,000 level.

The weakness is not limited to the cryptocurrency markets alone. United States equities markets also witnessed a losing week. The S&P 500 Index fell 2.1% and the Nasdaq Composite dropped about 2.6%, both indices recording a three-week losing streak. This suggests that traders are in a risk-off mode in the near term.

Crypto market data daily view. Source: Coin360

The fall in Bitcoin dragged several altcoins lower, indicating a broad-based sell-off. However, amongst the sea of red, there are a few altcoins that have stood out either by bouncing off strong support levels or by continuing their up-move.

Let’s study the charts of the top-5 cryptocurrencies that may buck the negative trend and stay positive over the next few days.

Bitcoin price analysis

Bitcoin has been range-bound between $24,800 and $31,000 for the past several days. After failing to sustain above the resistance, the price has dipped near the support of the range.

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