Risk assets surge higher after U.S. inflation data, but belief in a sustained uptrend emerging is hardly anywhere to be seen.
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Bitcoin battles 2-month resistance amid ‘most hated’ stocks rally
Bitcoin (BTC) pierced the top of a stubborn trading range on Aug. 11 as a decidedly awkward rally took hold of risk assets.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin retracement warnings intensify near $25,000
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting highs of $24,750 on Bitstamp, marking its best performance since June 13.
The pair had attempted several breakouts to the top of the range in prior weeks, these all failing in the face of stiff selling pressure.
New United States inflation data released this week formed a long-awaited catalyst for change, however, with Bitcoin and altcoins rising in step with equities as the Consumer Price Index (CPI) print for July suggested that inflation had peaked.
On Aug. 10, the day of the release, the S&P 500 and Nasdaq Composite Index gained 2.1% and 1.9% respectively. BTC/USD, on the other hand, saw a daily candle of around $900.
Mark Cuban faces class action lawsuit for promoting Voyager crypto products
The lawsuit alleged Mark Cuban misrepresented the crypto offerings and services by Voyager and leveraged his years of experience to lure inexperienced customers into investing their life savings.
OpenSea introduces new stolen item policy to combat NFT theft
A Twitter user claimed that they purchased a stolen NFT and OpenSea support advised them to sell it on another marketplace.
3 signs Ethereum price is on track toward $2.5K by September
A slew of Ether’s technical and fundamental indicators support a push toward $2,500 by September.
3 signs Ethereum price is on track toward $2.5K by September
Ethereum’s native asset, Ether (ETH), has more than doubled in value since bottoming out at around $885 in June 2022. Now, it eyes a decisive move toward $2,500 in August per a slew of technical and fundamental indicators.
Ethereum chain split means more tokens
A big part of Ether’s ongoing rally has appeared due to the Merge, a network upgrade that will switch Ethereum's underlying blockchain protocol from proof-of-work (PoW) to proof-of-stake (PoS) in September.
Simultaneously, switching to PoS will also eliminate the role of miners in the chain by replacing them with validators. This fear has prompted Chandler Guo, a Chinese crypto miner, to resist the Merge by keeping Ethereum’s PoW version alive.
A chain split is possible as a result. Guo has already branded his version of the Ethereum PoW chain as ETHPoW, alongside its native token ETHW. Furthermore, some crypto exchanges have already listed the token for trading, with even Binance considering doing the same, if necessary.
A key takeaway from a potential chain split is existing Ether holders will receive an equal amount of tokens from the new chains.
Ethereum Merge on track as Goerli test merge successfully finalized
With the Goerli merge going successfully, there is growing confidence that there will be no further delays to the Ethereum Merge set for mid-September.
21-year-old got ‘thought-provoking’ questions after teaching crypto to old folks
When the 21-year-old Quai Network marketing associate was asked to present a crypto class to residents of an assisted living community, he was more than happy to oblige.
21-year-old got ‘thought-provoking’ questions after teaching crypto to old folks
When the 21-year-old Quai Network marketing associate was asked to present a crypto class to residents of an assisted living community, he was more than happy to oblige.
88% of Nomad Bridge exploiters were 'copycats' — Report
Copycats used the same code as the original hackers but modified the target token, token amount, and recipient addresses.
Decentralized apps on Polygon hit 37,000, rocketing 400% this year
It comes as the number of monthly active teams for the blockchain reached 11,800 in July, up from 8,000 in March.
Decentralized apps on Polygon hit 37,000, rocketing 400% this year
It comes as the number of monthly active teams for the blockchain reached 11,800 in July, up from 8,000 in March.
Cross-chain bridge RenBridge laundered $540M in hacking proceeds: Elliptic
The blockchain forensics firm said cross-chain bridges provide an "unregulated alternative" to exchanges for transferring value between blockchains.
Truly decentralized Web3 needs more developers: Animoca co-founder
Animoca Brands' Yat Siu said developers continue to “struggle under the yoke of centralized platforms," urging them to move into the Web3 space.
Wealth managers and VCs are helping drive institutional crypto adoption — Wave Financial execs
“Things are much more encouraging, even though this is clearly a time of pain,” said Wave Financial’s head of business development Mike Jones.
Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada
The past actions of bad actors has forced the country's regulators to take a tough stance on crypto exchanges.
Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada
The past actions of bad actors has forced the country's regulators to take a tough stance on crypto exchanges.
SBI Group reports investee getting CFTC approval for OTC derivatives trading in US
Under the U.S. Commodity Exchange Act and CFTC regulations, derivatives exchanges must have approval to operate as a Designated Contract Market or a Swap Execution Facility.
$475M in Bitcoin options expire this week — Are bulls or bears poised to win?
BTC futures data shows bulls are not sure that Bitcoin price will hold above $24,000, but range-bound action could help them profit from Aug. 12’s $475 million options expiry.
Crypto exchange Hotbit says it froze customer funds due to alleged criminal ties of formal employee
It's not yet clear how the alleged criminal misconduct of a former employee led to a law enforcement freeze on users' funds.