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Bitcoin velocity hits lows last seen before Q4 2020 BTC price breakout

• by admin
• August 27, 2023

Bitcoin investors sit on their hands at $26,000 — can a velocity rebound reproduce the kind of breakout seen three years ago? MARKETS NEWS Bitcoin  BTC $26,035  on-chain activity is at levels last seen before its run to 2021 all-time highs, data shows. In an X (formerly Twitter) post on Aug. 25, Ki Young Ju, CEO of […]

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Tether CTO stays silent on Bitcoin mining locations

• by admin
• August 27, 2023

Tether’s chief technology officer, Paolo Ardoino dropped a hint that the operations are based in South America, but hesitated to reveal any more details beyond that. NEWS Paolo Ardoino, chief technology officer of stablecoin issuer Tether  USDT $1.00 , recently found himself addressing rumors about images of large industrial containers online. These speculations led him […]

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Chinese official sentenced to life in prison for Bitcoin mining, corruption

• by admin
• August 24, 2023

Xiao Yi was accused of abuse of power and corruption in operating a $329 million Bitcoin mining enterprise. NEWS A Chinese government official has been sentenced to life in prison for illegitimate business operations related to running a 2.4 billion Chinese yuan ($329 million) Bitcoin  BTC $26,504  mining enterprise and for unrelated charges of corruption.  According to […]

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World Mobile launches on Google Play for customers in Australia, Canada, UK and US

• by admin
• August 24, 2023

The company also announced a partnership with artificial intelligence company SingularityNET. NEWS Decentralized wireless (DeWi) network operator World Mobile announced the launch of its app on Google Play for users in the United States, the United Kingdom, Australia, Canada and Tanzania on Aug. 22.  The launch comes on the heels of a series of beta tests conducted […]

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Here’s what the latest Bitcoin price correction reveals

• by admin
• August 24, 2023

The latest episode of The Market Report analyses the recent Bitcoin price correction to $26,000 and what it reveals about the current market structure. In the latest episode of Cointelegraph’s The Market Report, analyst Marcel Pechman delves into Bitcoin’s recent drop to $26,000. Derivatives market analysis shows Bitcoin  BTC $26,506 Options and futures metrics lack signs of professional traders […]

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Why is Bitcoin price stuck?

• by admin
• August 24, 2023

Bitcoin price has been stuck inside a narrow trading range for days, awaiting signals from Jerome Powell’s speech at Jackson Hole this week. MARKET ANALYSIS Bitcoin  BTC $26,508  has been stuck inside a narrow trading range for several days, and Aug. 23 is no different. All eyes on Jerome Powell’s speech at Jackson Hole Bitcoin […]

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Here’s what happened in crypto today

• by admin
• August 24, 2023

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. RECAP Crypto advocacy group Coin Center has critcized aspects of the recently unsealed indictment against two co-founders of crypto mixer Tornado Cash, arguing the facts used do […]

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Price analysis 8/23: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB

• by admin
• August 24, 2023

Bitcoin and altcoins perked up today, but is this rally nothing more than an oversold bounce?Price analysis 8/23: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB PRICE ANALYSIS When the markets are trending, traders should be active if they want to earn money. On the other hand, in a ranging market, it is […]

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SEC charges former corrections officer with role in bizarre crypto scam

• by admin
• August 24, 2023

John A. DeSalvo allegedly solicited ICO money from police and orchestrated a pump and dump on PancakeSwap shortly after. NEWS John A. DeSalvo, a former lieutenant at the New Jersey Department of Corrections, has been charged by the United States Securities and Exchange Commission with orchestrating a crypto scam that specifically targeted police officers and […]

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‘The race is on’ for AI: Nvidia CEO bullish as Q2 revenue crushes estimates

• by admin
• August 24, 2023

Nvidia shares soared nearly 10% in after-hours trading, as the company beat Wall Street analyst expectations by more than $2 billion. NEWS Shares of computer chip manufacturer Nvidia soared nearly 10% in after-hours trading as surging demand for AI chips saw the firm post Q2 earnings that significantly beat Wall Street estimates. In its Q2 […]