Bitcoin started the weekend trading below $26,000, as the cryptocurrency had its worst week since the collapse of FTX. Market sentiment was bearish following reports that Spacex liquidated its bitcoin holdings. Ethereum remains below $1,700.
Bitcoin
Bears continued to circle bitcoin (BTC) to start the weekend, as the cryptocurrency had its biggest one-day decline since the collapse of FTX.
BTC/USD…
Biggest Movers: XLM, DOGE Rebound on Saturday, Following Recent Market Sell Off – Market Updates Bitcoin News
August 20, 2023
Stellar was a notable mover during Saturday’s session, as the token returned to the green to start the weekend. Prices recently fell lower for six straight days, however, bulls have reentered the market snapping this streak in the process. Dogecoin also rebounded today.
Opensea Phases Out BNB Smart Chain Support, Citing Resource Alignment With Promising Efforts – News Bitcoin News
August 20, 2023
One of the largest non-fungible token (NFT) platforms, Opensea, has declared its decision to withdraw BNB Smart Chain (BSC) support. Opensea revealed that the “cost to continue supporting BSC outweighs the impact.”
Opensea Pivots Away From BNB Smart Chain in Strategy…
Cybercriminals Use Crypto Gaming to Steal Millions — Philippines National Police – Regulation Bitcoin News
August 19, 2023
The cybercrime fighting unit within the Philippines National Police has asked residents to be wary of rewards promised by play-to-earn (P2E) games because they can be used to steal crypto assets worth millions of dollars. The unit said players can reduce the chances of losing money to scammers by doing their own research before committing funds.
Role Played by Custom-Made Gaming Apps
The…
UK Regulator: Crypto Asset Businesses Expected to Comply with the Travel Rule Starting in September – Regulation Bitcoin News
August 19, 2023
According to the United Kingdom’s Financial Conduct Authority, crypto asset firms operating in the country will be required to comply with the Financial Action Task Force’s travel rule starting on Sept. 1, 2023. Crypto asset businesses will be required to take “all…
SEI's Rocky Start: New L1 Crypto Token Dives 65% in 3 Days Amid Market Turmoil – Markets and Prices Bitcoin News
August 19, 2023
The newly listed cryptocurrency SEI took a substantial hit after its debut, plummeting over 65% from its peak value in just three days. The coin’s latest 13% tumble mirrored a decline in the broader crypto market in the last 24 hours.
New L1 Token Plummets 65% From Record…
Study: Bitcoin Ordinal NFT Sales Nosedive as Broader Market Cools – Market Updates Bitcoin News
August 19, 2023
The buzz surrounding Bitcoin’s leap into the NFT world via Ordinals might be fleeting. A Dappradar study reveals that trading actions and sales figures for Bitcoin Ordinals have plummeted by a staggering 97% since their May 2023 zenith. This downturn mirrors a wider slowdown in the NFT sector. However, the slump in Bitcoin Ordinals is far more pronounced than in established networks such as…
Tether to Withdraw Support for USDT on Omni, Kusama, and Bitcoin Cash's SLP – Bitcoin News
August 19, 2023
Tether has announced a strategic transition that will see the company withdraw support for USDT issued on Omni, Kusama, and Bitcoin Cash’s Simple Ledger Protocol (SLP). The company stated that one of the factors that affected this decision was the level of community…
Bears ran through crypto markets on Friday, following reports that Elon Musk’s Spacex had sold all of its bitcoin holdings. It has been suggested that Spacex liquidated over $370 million worth of the cryptocurrency last year. Ethereum dropped below $1,600.
Bitcoin
Bitcoin…
Report: SEC on Cusp of Approving Ethereum Futures Amidst Crypto Market Rollercoaster – Bitcoin News
August 19, 2023
The U.S. Securities and Exchange Commission (SEC) is said to be on the verge of greenlighting futures products tied to ethereum (ETH), as per a Bloomberg report. One insider privy to the development indicated that a handful could secure approval come October.
Unnamed Sources Reveal SEC May Soon Greenlight Ethereum Futures Products
In recent weeks, a consortium of firms, including Valkyrie…
