Category: Cryptocurrency

Sep 02
Bitcoin squeeze to $23K still open as crypto market cap holds key support

Bitcoin (BTC) returned to $20,000 on Sept. 2 amid renewed bets on a “short squeeze” higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader eyes $20,700 short squeeze trigger Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering from another dip below the $20,000 mark on the day, continuing rangebound behavior. The pair gave […]

Sep 02
El Salvador Bitcoin bond delayed due to security concerns: Bitfinex CTO

The Bitcoin bond was announced in November last year and was initially expected to launch in the first quarter of 2022. 1345 Total views 49 Total shares El Salvador, the Central American nation that adopted Bitcoin (BTC) as a legal tender in September last year, has delayed the launch of its billion-dollar Bitcoin bond again. […]

Sep 02
CEL climbs 50% as Celsius Network aims to return $50M to clients

The price of CEL soared by nearly 50% as traders assessed its parent firm Celsius Network’s inclination to return a portion of the locked funds to its customers. No CEL-ling pressure for now On the daily chart, CEL surged to its intraday high of $1.67 per token on Sept. 2 after lows of $1.15 the day […]

Sep 02
Trust in crypto remains strong despite bear market: Bitstamp survey

Despite the downward market, global trust in cryptocurrencies like Bitcoin remains mostly unshakable, with countries like the U.S. showing more trust in crypto in Q2. 190 Total views 13 Total shares The ongoing cryptocurrency winter has had little to no impact on global trust in crypto, this was the conclusion reached new study commissioned by […]

Sep 02
Think tank launches ‘technical sandbox’ exploring United States CBDCs

A United States think tank has launched a “technical sandbox” aimed at advancing the exploration of a potential United States central bank digital currency (CBDC). In a Wednesday Tweet from Digital Dollar Project (DDP), the organization said the new program would explore “technical and business implementation” questions revolving around a U.S. CBDC. The organization noted […]

Sep 02
dYdX ends contentious promo claiming ‘overwhelming demand’

The prompt cancellation comes after strong community pushback relating to the requirement of a facial recognition scan in order to receive the deposit bonus. 1028 Total views 12 Total shares Decentralized crypto derivatives exchange dYdX says it has ended its short-lived and contentious $25 first deposit bonus promo amid a wave of backlash over its […]

Sep 02
Celsius files to reopen withdrawals for a minority of customers

Beleaguered crypto lender Celsius Network has filed a motion with the United States Bankruptcy Court yesterday to allow customers with digital assets held in certain accounts to be withdrawn.  There’s a catch, however, as the motion will only apply to Custody and Withold Accounts and for custodied assets worth $7,575 or less in value. Celsius […]

Sep 02
Tether requests Roche Freedman to be booted from class action

Bitfinex and Tether’s legal representatives also want the law firm to return or destroy all defendant-issued documents and confirm they haven’t been shared. 449 Total views 22 Total shares USDT-issuer Tether wants law firm Roche Freedman “terminated” as counsel from the Bitfinex and Tether class action lawsuit following a motion from Kyle Roche to be […]

Sep 01
OpenSea says marketplace won’t support forked NFTs post-Merge

The NFT marketplace said that while they do not speculate on forks, the team will only support NFTs on the proof-of-stake chain. 1969 Total views 43 Total shares As the date for the Ethereum Merge approaches, nonfungible token (NFT) marketplace OpenSea has announced that it will focus on supporting only the NFTs that are on […]

Sep 01
Bitcoin price dips 14% in August as trader warns of ‘macro drop down’

Bitcoin (BTC) has sealed its worst August performance since 2015 after the monthly candle closed down 13.9%. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Weekly candle “doesn’t look good” Data from Cointelegraph Markets Pro and TradingView confirms that BTC/USD finished the month at $19,990. A knock to bulls’ efforts to stabilize spot price, the August […]