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A return to $50K? 5 Things to know in Bitcoin this week

BTC price performance is getting Bitcoin traders ready for a retest of lower support levels in the short term.

US mulls applying fiat reporting mandate on crypto transfers

The US Treasury and Federal Reserve plan to redefine “money” used under the Bank Secrecy Act, as they aim to include cryptocurrencies and digital assets in new reporting requirements.

South Korean crypto exchange employees out-earn staff at major banks

Dunamu’s consolidated sales in the first quarter of 2024 reached $400 million, showing a 60.5% increase. 

HashKey and Catizen join forces in TON ecosystem expansion

HashKey Group’s collaboration with Catizen on the TON ecosystem marks a significant step in Web3 and GameFi development.

Goldman Sachs lowers US recession risk to 20% — What it means for Bitcoin

Goldman Sach’s economists said the Federal Reserve could also cut rates in September, and analysts say this could be welcomed by Bitcoin traders.

Vitalik registers defensive accelerationism (d/acc) ENS domain, so what is it?

Ethereum co-founder Vitalik Buterin has just paid around $500 to register a new Ethereum Name Service (ENS) domain name called "dacc.eth."

Australia took down 600 crypto scams, says AI will make it worse

Australia’s financial markets regulator says due to the evolving nature of technology, it’s becoming increasingly challenging for consumers to identify fraudulent schemes.

Ava Labs COO’s X account suspected as hacked after posting memecoin

The X account of Ava Labs’ operating chief, Luigi D’Onorio DeMeo, has been touting memecoins and other suspicious links, prompting many to warn it's likely a phishing scam.

75% of all Bitcoin has been hodled for over 6 months

Despite Bitcoin dropping 21% from its all-time high, the majority of Bitcoin held in wallets hasn't been sold or moved for the last six months.

Man allegedly tries to ‘recover’ losses from BitConnect, kidnapping two

Indian authorities have arrested a man for allegedly kidnapping two employees of BitConnect creator Satish Kumbhani and extorting $125 million in crypto.

Clicker games and more: 6 projects growing on TON blockchain

The TON ecosystem has seen a significant influx of new users amid promising new projects appearing on the blockchain.

What does Bitcoin smell like? AI startup wants to ‘teleport’ digital scents

The technology could also help detect diseases such as cancer.

Bitcoin bulls should steer clear of MicroStrategy's new leveraged ETF

Leveraged ETFs chronically underperform comparable investments. There are better ways to place bullish bets on Bitcoin than MicroStrategy's new ETF.

Colorado Church group tokenizes $2.5M chapel

This may be the first tokenized church in the world.

Bitcoin metrics line up bull signals with $60.6K BTC price level to beat

Bitcoin is giving hints that an upward BTC price phase is about to begin, as measured by two popular trading tools.

Nigeria’s tax watchdog proposes comprehensive crypto bill

The Federal Inland Revenue Service’s initiative to regulate cryptocurrency and update tax laws reflects a broader trend in Nigeria toward embracing and managing digital assets.

Coinbase, KuCoin, others file crypto license applications in Turkey

As the Turkish Capital Markets Board continues to update the list and companies work to meet regulatory requirements, the Turkish crypto market is poised for significant changes.

Crypto analyst doubts Bitcoin dominance is ‘going back up’ to 70% again

Crypto analyst Benjamin Cowen expects Bitcoin dominance to make its “final move” to 60% either in September or, at the latest, by December 2024.

Bitcoin miners may gain $13.9B yearly from 20% shift to AI and HPC: VanEck

Bitcoin miners could increase profitability and improve "bad balance sheets" by allocating some of their energy capacity to the AI and HPC sectors, according to VanEck.

Bitcoin bull rally far from over, MetaMask partners with Mastercard, and more: Hodler’s Digest Aug 11 – 17

US gov’t won’t sell $590M Bitcoin on Coinbase. Does Harris plan to continue Biden’s crypto crackdown? Hodler’s Digest

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