Bitcoin Traders Go Long, Blast Above $30K Looming?

Bitcoin continues to trade sideways during today’s trading session, holding the line draw for the past few weeks. Recent data shows that the cryptocurrency has been recording “crab-like” price action in the short term, but operators favor the long side of their trades. As of this writing, Bitcoin trades at $29,700 with a 0.7% loss in the last 24 hours and a 2% loss in the previous week. The cryptocurrency’s implied volatility has been trending to the downside while BTC’s price holds still at its current levels. BTC’s price trends…

Sam Bankman-Fried’s legal team turns over docs related to NYT story, requests they be sealed

Lawyers representing former FTX CEO Sam Bankman-Fried, also known as ‘“SBF,” have requested the court seal documents related to his interviews with a New York Times reporter revealing details about his relationship with Caroline Ellison. In a July 27 filing in the United States District Court for the Southern District of New York, Bankman-Fried’s legal team said it had provided the court and Department of Justice with documents the former FTX CEO had shown a reporter that led to details in Ellison’s private journals being published. The lawyers requested Judge…

Sam Bankman-Fried’s legal team turns over docs related to NYT story, requests they be sealed

Lawyers representing former FTX CEO Sam Bankman-Fried, also known as ‘SBF’, have requested the court seal documents related to his interviews with a New York Times reporter revealing details about his relationship with Caroline Ellison.  In a July 27 filing in United States District Court for the Southern District of New York, Bankman-Fried’s legal team said it had provided the court and Department of Justice with documents the former FTX CEO had shown a reporter which led to details in Ellison’s private journals being published. The lawyers requested Judge Lewis…

A BlackRock BTC ETF Wouldn’t Be Possible Without Bitcoin Miners

Miners, however, have always been aware of the timeline surrounding mineable Bitcoin as first outlined in Satoshi Nakomoto’s white paper. The beauty is that we have created a playbook for bridging emerging technology, institutional investment, and alternative sources of energy, while providing economic opportunities to the communities who welcome it. While Bitcoin’s “proof of work” system may seem limiting on first glance, miners have used it as the basis for our own decentralized network with footprints across multiple jurisdictions, instantly adaptable to regulatory tailwinds and technological advancements. Source

Ripple Attorney Withdraws From SEC Lawsuit, Will It Affect XRP?

A recent development in the ongoing showdown between the United States Securities and Exchange Commission (SEC) has seen the withdrawal of another Ripple attorney from the lawsuit, recent court filings reveal. This comes after a motion was filed earlier in the month for Anna R. Gressel to withdraw as attorney of defendant Ripple Labs. This recent withdrawal has cast a shadow of uncertainty as holders of XRP ponder on the likely impact of this development. Ripple Remains Upbeat Despite Attorney’s Withdrawal According to details in the filing made at the…

Immutable X (IMX) price rises amid Upbit listing 

Immutable X (IMX), a layer-2 scaling solution on Ethereum, has risen by more than 15% after being listed on the South Korean exchange Upbit. Immutable X (IMX) experienced a remarkable price surge, with its token price leaping above $0.83, the highest level since May 6.  The catalyst behind this meteoric growth is the announcement of IMX’s listing on Upbit, one of South Korea’s leading crypto exchanges. Despite the broader market’s consolidation phase, IMX defied the trend. The trading of IMX on Upbit started at 4:00 UTC on July 28, with…

Bitcoin Rally May Not Resume Until This Happens

Bitcoin has continued to stagnate recently as another recovery move has failed to prosper. So here’s an indicator that may hint when a break could happen. Bitcoin Rally May Not Resume Until The Stablecoin Market Cap Goes Up Around the start of this week, Bitcoin observed a sharp plunge that had taken the asset’s price from the $30,000 level down to the $29,000 mark. A couple of days back, however, the coin had started surging again and had reclaimed the $26,600 level. This uplift in the price had come as…