Bitcoin climbed over the $28,000 level late on Tuesday, as markets reacted to the news that Grayscale had won its battle with the SEC. The ruling over the U.S. Securities and Exchanges Commission boosted crypto prices across the board, with bulls returning to action. Ethereum also surged, moving above $1,700.
Bitcoin
Bitcoin moved back over the $28,000 level during the last several hours…
Shiba Inu's Shibarium Returns to Full Operation After Navigating Bridge Issues – Altcoins Bitcoin News
August 30, 2023
The Shiba Inu development team has announced that Shibarium is now fully functional after recent challenges where funds became inaccessible in the bridge. Shiba Inu’s Shytoshi Kusama thanked Sandeep Nailwal, the co-founder of Polygon Labs, who stepped in with crucial…
Binance Mulls Leaving Russia, Limits Options for Russian Users – Exchanges Bitcoin News
August 30, 2023
Crypto exchange Binance considers exiting Russia amid increased scrutiny over its services for users in the sanctioned nation. The news of the potential move comes after the exchange delisted several sanctioned Russian banks from its peer-to-peer (P2P) platform and…
Crypto Analyst Predicts Stablecoin Adoption Boom Even in Face of Hostile Regulation – Bitcoin News
August 30, 2023
Jamie Coutts, an analyst from Bloomberg Intelligence, has predicted that stablecoin adoption will grow significantly once the issue of hostile regulations in the U.S. is put aside, noting “adoption under the hood is exploding.” Coutts believes that stablecoin usage may overtake bitcoin usage as more companies like Paypal integrate such assets in their payment structures.
Analyst Says…
US Congress Members Clash on the Potential Effect of Proposed Tax Rules on the Crypto Industry – Bitcoin News
August 30, 2023
Members of the U.S. Congress have expressed concerns about the possible problems that implementing the newly proposed crypto tax reporting requirements could create in the entire industry. Patrick McHenry, Cynthia Lummis, and others reacted differently to the potential…
SEC's 'Secret' Filing in Binance Case Could Relate to Criminal Investigation, Says Former SEC Official – Regulation Bitcoin News
August 30, 2023
The U.S. Securities and Exchange Commission’s former head of Internet enforcement suspects that the SEC’s “secret” filing in the Binance case is a “rare” tactic that could relate to the Department of Justice’s criminal investigation against the crypto exchange.
DeOrderBook Set to Launch on Ethereum Mainnet, Pioneering Truly Trustless DeFi Optionality – Press release Bitcoin News
August 30, 2023
PRESS RELEASE. , a groundbreaking decentralized finance (DeFi) optionality protocol, is gearing up for its Ethereum mainnet launch, ushering in a new era for DeFi users who seek unprecedented capital flexibility, advanced hedging mechanisms, and sustainable real yield.
At launch, the protocol supports $WBTC and $USDC although the team is actively working on support for further coins and…
Bitcoin, Ethereum Technical Analysis: BTC Below $26,000 Ahead of US Consumer Confidence Report – Market Updates Bitcoin News
August 30, 2023
Bitcoin returned to the red on Tuesday, as markets began to anticipate the upcoming consumer confidence report in the United States. The Conference Board index is expected to fall to a reading of 116 in August, from 117 the month prior. Ethereum was also marginally…
Biggest Movers: BNB Jumps 5% Higher, as Grayscale Wins Battle With SEC – Market Updates Bitcoin News
August 30, 2023
BNB surged this afternoon, as markets reacted to the news a court in the United States was siding with Grayscale in its case with the Securities and Exchange Commission (SEC). The court said the SEC was wrong to deny Grayscale permission to migrate its bitcoin product into…
High Proliferation of Crypto Scams in Africa Linked to Limited Educational Efforts — Mitroplus Labs Founder – Bitcoin News
August 29, 2023
According to Ivaibi Festo, the founder of Mitroplus Labs, a crypto and blockchain education organization, cybercriminals continue to find success in Africa because not enough is being done to educate residents on the basics of digital assets or the technology that underpins such assets. To make matters worse, the few African individuals who have made it either as traders or entrepreneurs often…
