The latest price moves in bitcoin (BTC) and crypto markets in context for August 15, 2022. Original
First Mover Americas: Bitcoin Hits $25K But Fails to Hold, Galaxy Digital Scraps Plan to Buy BitGo
Day: August 15, 2022
BTC Lower, Following Brief Rally Above $25,000 – Market Updates Bitcoin News
Bitcoin was trading lower to start the week, after the token briefly rose above $25,000 during Sunday’s session. As of writing, the global cryptocurrency market cap is currently trading 2.85% lower. Ethereum also dropped lower on Monday, with prices moving away from a recent high above $2,000. Bitcoin After a brief stint above $25,000 over the weekend, bitcoin (BTC) was trading in the red to start the new week. On Sunday, BTC/USD hit an intraday high of $25,135.59, however the world’s largest token slipped to a bottom of $23,960.03 today.…
TA: Top 5 Crypto You Should Watch This Week
Top 5 Crypto You Should Watch This Week, with many crypto altcoins producing price gains of two or more digits. The recovery has sparked the excitement and belief that the bottom could be in for many crypto assets with the hope of a bull run in a short time. Let us discuss the top 5 crypto assets you should watch this week. Disclaimer: The picks listed in this article should not be taken as investment advice. Always do your research and never invest more than what you can afford to…
Galaxy Digital terminates BitGo acquisition, citing breach of contract
After more than a year of efforts to acquire the digital asset custodian BitGo, Mike Novogratz’s cryptocurrency investment firm Galaxy Digital has decided to drop the acquisition. Galaxy has terminated the BitGo acquisition, citing a breach of contract, the firm officially announced on Monday. According to the statement, Galaxy exercised its right to terminate the deal in line with the acquisition agreement after BitGo failed to deliver audited financial statements for 2021 by July 31, 2022. Galaxy noted that no termination fee is payable in connection with the termination. As…
How Blockchain is Disrupting Secure Messaging
Blockchain is evolving into a new foundation for the internet. What began as a closed web is transitioning into an open source system driven by decentralized systems. Every sector is now adopting this technology to better serve its customers. Social communication, in particular, is seeing a lot of promise from blockchain solutions. Popular messaging apps like Instagram and Meta have joined the Web3 bandwagon, offering blockchain solutions like cryptocurrencies, and NFTs. On the other hand, a wave of new blockchain-based messaging apps are emerging with innovative solutions. Security, privacy, secured…
Pandas, cyborgs, dogs, koalas dominate BNB Chain Red Alarm flag list
BNB Chain, a blockchain network created by crypto exchange Binance, has identified over 50 on-chain projects that pose a significant risk to users. A mix of crypto spin-offs resembling Dogecoin (DOGE) and Binance and others dedicated to pandas, cyborgs and koalas made the list as untrustworthy and high-risk projects. BNB Chain’s Red Alarm feature, implemented to protect investors from potential rug pulls and scams, flags projects based on two main criteria: if the contract performs differently from what the project owners advertised and if the contract shows risks that might…
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Litecoin Breezes Past $64 Level As LTC Picks Up Speed
Litecoin (LTC) price shows an extremely bullish trajectory as it aims to breach the $64.02 mark. Litecoin immensely bullish as it targets to breach the $64.02 mark. Support spotted at the $60.87 level. Price facing hurdles at the $64.32 zone. On the other hand, LTC is facing hurdles at $64.32 as the bulls’ strong upheaval waned a bit. LTC’s price was at $60.87 early today and has even managed to reach a high of $64.32 with the bulls trying to nudge the prices higher. LTC price has seen a tremendous…
Tornado Cash community fund multi-signature wallet disbands amid sanctions
Following the sanctions placed by the United States on USD Coin (USDC) and Ethereum (ETH) addresses associated with the crypto mixer Tornado Cash (TORN), the signatories of the projects’ multi-signature community fund disbanded. In 2021, the Tornado Cash community created a fund to provide incentives to key contributors to the project. The fund was held in a community-managed multi-signature wallet with five peer-elected members validating transactions who were selected because of their contributions to the project. However, as interacting with Tornado Cash started to come with more risks, with penalties…
Report Shows Crypto Assets Record Steady Growth As Inflation Lowers
The United States’ newest release on its inflation rate for July has created a celebration reason for many, especially the crypto sector. According to the Department of Labor publication, the July customer price index (CPI) report dipped to 8.5%. This was against its last year’s value of 9.1%. With the report’s release, many people have expressed their recommendations for the Biden Administration and their shock. Some confessed that they have expected to see a spike in inflation due to some of the prevailing factors at the moment. They mentioned that…