Ryan Berckmans, Ethereum community member and investor, discussed the potential consequences that the Tornado Cash ban could have on the future of the network.
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Bitcoin price clings to $20K as analyst says Fed ‘buried’ soft landing
The U.S. inflation narrative shifts away from ease-of-control in what could further pressure risk asset performance.
Bitcoin price clings to $20K as analyst says Fed ‘buried’ soft landing
Bitcoin (BTC) fluctuated around the key $20,000 mark into Aug. 31 as the outlook on United States inflation darkened.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD again dipping below the last halving cycle’s top overnight, only to regain lost ground to circle $20,300 on the day.
The rangebound moves accompanied modest recoveries for U.S. stocks, with the S&P 500 and Nasdaq Composite Index up 0.15% and 0.6% within the first hour’s trading, respectively.
Concerns over the Federal Reserve’s plans on tackling inflation after last week’s gloomy speech by Chair Jerome Powell nonetheless lingered.
Despite Powell’s earlier rhetoric, Diane Swonk, chief economist at KPMG, told mainstream media that the entire concept of a “soft landing” for the U.S. economy was now shelved.
How cryptocurrency could help tackle global income inequality
A look at the many ways that cryptocurrency can help to solve the problems associated with global income equality.
Crypto volatility may soon recede despite high correlation with TradFi
Even though the crypto market is currently facing a lot of volatility, investments across the blockchain landscape have continued to surge.
Georgia aims to adopt European crypto standards for Anti-Money Laundering
One of the most crypto-friendly countries in the world wants to synchronize its crypto regulations with associated rules in the European Union.
Georgia aims to adopt European crypto standards for Anti-Money Laundering
One of the most crypto-friendly countries in the world wants to synchronize its crypto regulations with associated rules in the European Union.
Buterin and Armstrong reflect on proof-of-stake shift as Ethereum Merge nears
Two influential figures in the cryptocurrency space unpack their individual journeys to understanding the promise of proof-of-stake as The Merge approaches for Ethereum.
Buterin and Armstrong reflect on proof-of-stake shift as Ethereum Merge nears
Two influential figures in the cryptocurrency space unpack their individual journeys to understanding the promise of proof-of-stake as The Merge approaches for Ethereum.
Ethereum miner balance reaches four-year high weeks before the Merge
Experts believe that miners are hoarding more ETH in anticipation of price surges and forked PoW tokens.
Potential Bitcoin price double-bottom could spark BTC rally to $30K despite 'extreme fear'
The selling pressure in the Bitcoin market is not as bad as it was during the Terra and Three Arrows Capital crises.
Potential Bitcoin price double-bottom could spark BTC rally to $30K despite ‘extreme fear’
Bitcoin’s (BTC) price may climb by more than 50% in September, a month otherwise considered ominous for the cryptocurrency due to its poor historical returns.
BTC price double-bottom and then to $30K?
The conflicting upside signal comes from a potential double-bottom pattern on Bitcoin’s longer-timeframe charts against the United States dollar. Double-bottoms are bullish reversal patterns that resemble the letter W due to two lows and a change in direction from downside to upside.
Double-bottom illustrated. Source: ThinkMarketsBitcoin’s decline below $20,000 in July, followed by a sharp recovery toward $25,000 and a subsequent return to the $20,000 level in August, partially confirms the double-bottom scenario. The cryptocurrency would complete the pattern after rebounding toward $25,000.
A W-shaped price move in an ideal scenario could be followed by another sharp move higher — a double-bottom breakout.
Meanwhile, a double-bottom’s upside target is found after measuring the distance between the pattern’s peak (neckline) and lowest levels and adding the outcome to the breakout point, as illustrated below. In other words, a potential 50% price rally.
Bitcoin is for those in need, the rest need time to learn: Surfin Bitcoin Panel
A panel discussion hosted at Surfin Bitcoin, France, illustrated that while Bitcoin works for those in need, more education is required.
How to preserve capital during inflation using cryptocurrencies?
As major economies of the world grapple with high inflation, investors could protect their savings from value erosion by investing in stablecoins.
Busan City announces FTX partnership to build local exchange
South Korea's 'Blockchain' city of Busan continues to establish partnerships to foster the growth of the cryptocurrency industry.
Bitcoin mining has never been more competitive even as BTC loses 13% in August
Bitcoin difficulty completes its largest single upward readjustment since January, with average hash rate eyeing new all-time highs of its own.
Bitcoin mining has never been more competitive even as BTC loses 13% in August
Data from on-chain monitoring resource BTC.com confirms that on Aug. 31, Bitcoin’s network difficulty hit new all-time highs.
Bitcoin seals biggest difficulty jum since start of 2022
Despite the recent BTC price drawdowns, Bitcoin’s network fundamentals are telling an optimistic tale as August comes to a close.
Both difficulty and hash rate are climbing, reflecting conviction among miners over long-term profitability of their network participation. It also suggests that the mining sector is absorbing lower profits versus costs in the short term.
Difficulty, which added 9.26% at its Aug. 31 automated readjustment, now stands at its highest ever. Competition among miners is as healthy as ever.
For comparison, the last time that difficulty increased more at once was in January (9.32%), and before that, in August 2021 (13.24%).
US Congressman to review all Binance US files related to consumer safety
The CEO of Binance US was reached out by a Subcommittee chairman for producing various documents — in an attempt to help review the measure taken to protect investors.
Not quite to the moon: Aussies offered NFT that could send them to space
The NFT offering is part of a promotion celebrating the launch of Web3 marketplace Crypto Competitions.
AVAX price rebounds 15% after Crypto Leaks sell-off but Avalanche could still bury bulls
Avalanche (AVAX) bulls snubbed the sensational claims made by a self-proclaimed whistleblower website that the project's parent firm, Ava Labs, paid lawyers to damage its competitors' reputation.
Avalanche price recovers from serious allegations
AVAX's price established an intraday high of $19.75 on Aug. 30, two days after bottoming out locally at $17.50, amounting to a 15% rise. The token's modest recovery followed selloffs incurred by a sensational CryptoLeaks report.
AVAX's price fell 3.5% on Aug. 26, the day on which CryptoLeaks released an unverified video showing Kyle Roche, the partner at Roche Freedman, saying that he could sue Solana, one of Avalanche's top rivals, on behalf of Ava Labs.
Related: Ava Labs CEO denies CryptoLeaks' claims as 'conspiracy theory nonsense'
The token fell by another 7.5% the next day after the whistleblower website released the full report, including another unverified video featuring Roche.
