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Court hears Roche Freedman could create ‘a sideshow’ in the Tether class action

Lawyer Kyle Roche previously withdrew as counsel on several crypto class-action lawsuits, including the Tether and Bitfinex Crypto Asset Litigation.

Ripple advisor teases 'more CBDC announcements in the next few weeks'

The blockchain company has been pushing hard into the CBDC space since piloting its CBDC Private Ledger aimed at central banks in March 2021.

Degens borrowing ETH to get fork tokens create headaches for DeFi platforms

Aave has halted ETH lending until the Merge has gone through, while Compound Finance has opted to cap the number of loans and introduce a “jump” interest rate model.

Degens borrowing ETH to get fork tokens create headaches for DeFi platforms

Aave has halted ETH lending until the Merge has gone through, while Compound Finance has opted to cap the number of loans and introduce a “jump” interest rate model.

Ethereum’s Bellatrix upgrade hiccups jangle nerves... but it'll be right on the night

The Bellatrix upgrade was the last major upgrade before the Ethereum Merge, which will transition the network’s consensus mechanism to proof-of-stake.

Ethereum’s Bellatrix upgrade hiccups jangle nerves... but it'll be right on the night

The Bellatrix upgrade was the last major upgrade before the Ethereum Merge, which will transition the network’s consensus mechanism to proof-of-stake.

Mainstream media on the Merge: Risky move or climate nirvana?

While mainstream outlets have generally grasped the complexity of upgrading a major blockchain “mid-flight,” it’s prompted a few to warn about the disruptions should it fail.

Mainstream media on the Merge: Risky move or climate nirvana?

While mainstream outlets have generally grasped the complexity of upgrading a major blockchain “mid-flight,” it’s prompted a few to warn about the disruptions should it fail.

Mainstream media on the Merge: Risky move or climate nirvana?

While mainstream outlets have generally grasped the complexity of upgrading a major blockchain “mid-flight,” it’s prompted a few to warn about the disruptions should it fail.

VCs pour $14.2B into crypto in H1 2022, but investments now slowing

KPMG noted that despite the expected downfall, investment figures remained well-positioned in comparison to pre-2021 figures, which highlights the growing maturity of the market.

New finance minister Kwasi Kwarteng leaves crypto policy in the UK unclear

While serving as the secretary of state for business, energy and industrial strategy, Nadhim Zahawi was part of a department suggesting support for blockchain technology in 2021.

Bitcoin price falls under $19K as data shows pro traders avoiding leverage longs

BTC nose-dived to its lowest level since July 13, but data shows pro traders remain skeptical of a quick recovery.

Bitcoin price falls under $19K as data shows pro traders avoiding leverage longs

BTC nose-dived to its lowest level since July 13, but data shows pro traders remain skeptical of a quick recovery.

Bitcoin price falls under $19K as data shows pro traders avoiding leverage longs

An $860 surprise price correction on Sept. 6 took Bitcoin (BTC) from $19,820 to $18,960 in less than two hours. The movement caused $74 million in Bitcoin futures liquidations at derivatives exchanges, the largest in almost three weeks. The current $18,733 level is the lowest since July 13 and marks a 24% correction from the rally to $25,000 on Aug. 15.

Bitcoin/USD 30-min price. Source: TradingView

It is worth highlighting that a 2% pump toward $20,200 happened in the early hours of Sept. 6, but the move was quickly subdued and Bitcoin resumed trading near $19,800 within the hour. Ether’s (ETH) price action was more interesting, gaining 7% in the 48 hours preceding the market correction.

Any conspiracy theories regarding investors changing their position to favor the altcoin can be dismissed as Ether dropped 5.6% on Sept. 6, while Bitcoin's $860 loss represents a 3.8% change.

The market has been in a bit of a rut since Aug. 27 comments from U.S. Federal Reserve Chair Jerome Powell was followed by a $1.25 trillion loss in U.S. stocks in a single day. At the annual Jackson Hole Economic Symposium, Powell said that larger interest rate hikes were still firmly on the table, causing the S&P 500 to close down 3.4% that day.

Let’s take a look at crypto derivatives data to understand whether investors have been pricing higher odds of a downturn.

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PraSaga awarded U.S. patent for placing computer operating system onto the blockchain

The patent protects claims for processing non-singular message passage transactions on the blockchain.

Basketball star for a crypto launderer? Alexander Vinnik's lawyers considers prisoner swap: Report

Though political tensions may be high between the U.S. and Russia, authorities still negotiated a prisoner swap of Trevor Reed for drug smuggler Konstantin Yaroshenko in April.

Bitcoin 'bear flag' breakdown targets $15K as US dollar hits 20-year high

BTC is losing its safe haven status to the dollar, with mutual funds increasing their cash holdings by $208 billion in the first half of 2022.

Bitcoin 'bear flag' breakdown targets $15K as US dollar hits 20-year high

On Sept. 6, Bitcoin (BTC) price crumbled below $20,000 and the asset looks ready to undergo further decline in September due to a strong U.S. dollar and an ominous technical analysis pattern.

Bitcoin eyes $15,000 next

From a technical perspective, Bitcoin risks dropping to $15,000 or below in the coming weeks after breaking out of its prevailing "bear flag" pattern.

For the unversed, bear flags form when the price consolidates higher inside a parallel, ascending range after a strong downtrend. They typically resolve after the price breaks below the lower trendline and falls by as much as the previous downtrend's length.

BTC/USD daily price chart featuring 'bull flag' pattern. Source: TradingView

Bitcoin has entered the so-called breakdown stage of its bear flag pattern, with its downside target lurking south of $15,000, as illustrated in the chart above.

Cash is king

The prospects of a weaker Bitcoin heading further into 2022 are growing mainly because of a worsening economic backdrop.

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Russian gov't working on stablecoin settlement platform between friendly nations: State media

“Stablecoins can be pegged to some generally recognized instrument, for example, gold, the value of which is clear and appreciable for all parties involved," said Alexey Moiseev.

Hive Blockchain explores new mineable coins ahead of Ethereum merge

Hive's Ethereum mining operations have historically generated three to four times more revenue per megawatt than Bitcoin mining, the firm said.

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