Bitcoin continued to sit firmly below the $26,000 level on Wednesday, after breaking out of a key price floor. The world’s largest cryptocurrency by market cap has mostly consolidated in recent days, as traders await Federal Reserve Chair Jerome Powell’s speech at Jackson Hole this Friday.
Bitcoin
Bitcoin moved below a key price floor late on Tuesday, as the cryptocurrency extended its streak…
Biggest Movers: BNB Rebounds From 1-Year Low, SHIB Surges Higher – Market Updates Bitcoin News
August 23, 2023
BNB was one of Wednesday’s biggest movers, as the token rebounded from a recent one-year low. The price decline came as crypto exchange Binance came under scrutiny for allegedly assisting sanctioned Russian clients in moving funds abroad. Shiba inu also rose, following…
Nigerian Crypto Trading Platform Unilaterally Converts User Funds to New Stablecoin — Move Sparks Exit Scam Fears – Africa Bitcoin News
August 23, 2023
A Nigerian crypto trading platform, Patricia, announced on Aug. 18 that it had converted users’ outstanding funds to its U.S.-backed stablecoin known as “Patricia Token.” Some social media users have slammed the crypto trading platform’s unilateral decision to…
SEC Charges Crypto Investment Adviser for Publishing Misleading 'Hypothetical Performance Projections' – Regulation Bitcoin News
August 23, 2023
The U.S. Securities and Exchange Commission (SEC) has charged Titan Global Capital Management for publishing misleading “hypothetical performance projections” regarding its crypto investment product. Titan Global is also accused of violating the marketing rule when it advertised hypothetical performance metrics without taking the required steps.
Improper Use of Hedge Clauses
The U.S.
XRP Value Plunges 39% Post-SEC Verdict: XRP Army Remains Optimistic Amid Market Turbulence – Market Updates Bitcoin News
August 23, 2023
It’s been 40 days since the U.S. court issued a partial verdict in the SEC’s case against Ripple. In that timeframe, the digital currency XRP’s value has slumped by a significant 39.43%.
Despite SEC’s Interlocutory Appeal and 39% Downturn, XRP Enthusiasts Hold out…
US Court Hands 3-Year Jail Sentence to Man Accused of Conspiring to Defraud Crypto Holders – Regulation Bitcoin News
August 23, 2023
A U.S. court has sentenced a man accused of conspiring to defraud cryptocurrency owners to three years in prison. The court also ordered the man to pay $2,816,433 in restitution to 11 victims of his Subscriber Identity Module (SIM) swap fraud scheme.
SIM Swap Fraud Scheme
A…
In a joint statement, Jeremy Allaire, CEO of Circle, and Brian Armstrong, CEO of Coinbase, announced the dissolution of the Centre Consortium. Consequently, Circle will take exclusive charge of the issuance and governance of USDC. Additionally, Coinbase has acquired an equity stake in Circle while signaling a stronger commitment to stablecoins.
Circle, Coinbase Dissolve USDC’s Centre…
Bitcoin, Ethereum Technical Analysis: BTC Falls Briefly Below $26,000, as Sentiment Remains Weak – Market Updates Bitcoin News
August 23, 2023
Bitcoin fell below the $26,000 level on Tuesday, as sentiment in the cryptocurrency market remained bearish. The latest drop comes despite price being oversold, following recent declines. As of writing, the global market cap is down 0.42%.
Bitcoin
Bitcoin dropped marginally…
Revolutionizing Crypto Trading: KyberSwap Introduces KyberAI - The Leading AI-Driven Crypto Trading Tool – Sponsored Bitcoin News
August 23, 2023
KyberSwap, a leading decentralized exchange has unveiled KyberAI, a suite of AI-powered crypto tools poised to reshape how traders navigate the dynamic landscape of decentralized finance. KyberAI was developed to address the pressing need for predictive insights in the…
The Enigmatic Rise of the $3 Billion BTC Whale — Tracing the Mysterious Path of Bitcoin's Third Largest Wallet – Bitcoin News
August 23, 2023
This week, various reports and social media discussions have centered around the third-largest bitcoin (BTC) wallet, a long-standing enigma that potentially maintains the same ownership despite changes in its address.
Billion-Dollar Mysteries: The Cryptic Evolution of Bitcoin’s Third-Largest Wallet
The mysterious bitcoin wallet has garnered attention as it rose to the third largest in a span of…
