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Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate, Following Last Week’s Losses – Market Updates Bitcoin News

August 22, 2023

Bitcoin rebounded from this weekend’s low on Monday, as markets attempted to consolidate following recent losses. The cryptocurrency rose back above the $26,000 level, after a brief stint below this point. Ethereum also settled, after declines over the weekend. Bitcoin Bitcoin was marginally higher to start the week, as the cryptocurrency climbed back above the $26,000 level on Monday. Following…

As Ordinal Transaction Dominance Soars, NFT Advocates Question Bitcoin’s Reported Downturn – Bitcoin News

August 22, 2023

Metrics reveal a significant day for the Bitcoin blockchain as 411,511 Ordinal inscriptions were minted Sunday, clinching the title of the second most prolific day for inscriptions ever. Additionally, over the past seven days, Ordinal inscriptions represented a hefty 53.9%…

SEC Files Motion to Certify Interlocutory Appeal of Ripple-XRP Ruling – Regulation Bitcoin News

August 21, 2023

The U.S. Securities and Exchange Commission (SEC) has filed a motion to certify an interlocutory appeal of two rulings in the Ripple case regarding XRP. According to the securities regulator, “Immediate appeal of these rulings is warranted … because they involve…

Banks Allowed to Issue Crypto Mastercard Cards in Uzbekistan – Bitcoin News

August 21, 2023

Authorities in Uzbekistan have authorized two local banks to issue payment cards allowing users to spend their digital coins. The move is part of a pilot project to launch virtual cards linked to cryptocurrency wallets on an exchange that will facilitate instant conversion to fiat money. Uzbekistan Banks to Launch Virtual Cards Replenished From Crypto Wallets Uzbekistan’s National Agency of…

Weekly NFT Sales Dip by 1.18% Despite Rising Buyers and Transactions – Markets and Prices Bitcoin News

August 21, 2023

Based on the most recent week-long data, non-fungible token (NFT) sales experienced a slight decline of 1.18% from the previous week. Despite a recorded $107.05 million in NFT sales, there was a noteworthy rise of 86.71% in the number of buyers. Additionally, NFT…

US Court Classifies Tornado Cash as 'Person' in Verdict Echoing Ooki DAO Designation – Legal Bitcoin News

August 20, 2023

A recent ruling by a U.S. judge declared that Tornado Cash holds the legal status of a “person.” This development came on the heels of a previous verdict in June, which recognized the decentralized autonomous organization Ooki DAO in a similar manner. U.S. Judiciary…

Ethereum Gears Up for 'Holesky' Testnet Launch With 1.6 Billion Testnet Ether – Technology Bitcoin News

August 20, 2023

Ethereum developers plan to roll out a new testnet named Holesky, intending to bring 1.6 billion Holesky testnet ether to the network. The core devs of Ethereum highlighted that 1.4 million validators were evaluated for Holesky, with the aim of enhancing the blockchain’s comprehensive development. Ethereum’s Holesky Set to Replace Goerli Testnet in 2023 As reported by Tim Beiko, a core…

Bitcoin, Ethereum Technical Analysis: BTC, ETH Seek Support Level, Following Worst Selloff Since FTX Crisis – Market Updates Bitcoin News

August 20, 2023

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…

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 Re-evaluation On August 18, 2023, Opensea proclaimed that they would cease BSC support after incorporating multiple blockchains…