Month: August 2024

Coinbase teases new wrapped Bitcoin product amid ongoing WBTC controversy

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Coinbase has set the crypto community abuzz with speculation following a cryptic hint about a potential new wrapped Bitcoin product, tentatively called “cbBTC.” The news came courtesy of an Aug. 14 post on Coinbase’s official X account which simply stated “cbBTC,” followed by a “coming soon” comment. Jesse Pollak, head of Coinbase’s layer-2 network Base, added speculation to the fire stating in a subsequent post expressing his enthusiasm for Bitcoin (BTC) via a hint to build a “massive Bitcoin economy” on the L2 network. to say it out loud: I…

Australia’s Securities Regulator Sues ASX for Misleading Statements About Blockchain Project

Australia’s Securities and Investment Commission (ASIC) has sued the country’s largest market operator, ASX Limited, for allegedly making misleading statements about how its blockchain project to replace its aged Clearing House Electronic Subregister System (CHESS) was progressing, before revealing that it had cancelled the project, the regulator announced on Wednesday. Source

Have Bitcoin (BTC) Prices Bottomed? Miner Capitulation Data Indicates Major Selling Pressure is Done

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RUNE jumps 14% on Kujira partnership and Bitcoin’s climb above $61K

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Decentralized cross-chain liquidity protocol THORChain experienced a price surge of 14% on Aug. 14 morning, making it one of the leading gainers in the crypto market. With a one-day trading volume above $272 million, THORChain (RUNE) gained nearly 13.6% and exchanged hands around $3.70 at the time of writing. RUNE allows crypto users to exchange digital tokens across several blockchains, including Bitcoin. RUNE 24-hour price chart — Aug. 14 | Source: crypto.news This recent uplift in THORChain‘s market performance is partly due to its new partnership with Kujira, which aims…

Arthur Hayes Predicts When Altcoin Season Will Begin

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

BRICS Countries Deem US Dollar Less Important in Global Trade, Says Indian Expert

The vice chairman of the BRICS Chamber of Commerce and Industry, Sameep Shastri, has highlighted the economic bloc’s shift away from reliance on the U.S. dollar, opting instead to trade using their national currencies like the Russian ruble, Indian rupee, and Chinese yuan. He underscored the importance of economic self-reliance and the challenge to Western […] Source CryptoX Portal

BNB Price Back on Track: Can It Break $535 to Move Higher?

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BNB price is recovering higher from the $500 support zone. The price is now showing positive signs and might aim for more upsides above $535. BNB price started a recovery wave from the $500 support zone. The price is now trading above $515 and the 100-hourly simple moving average. There is a key rising channel forming with resistance at $528 on the hourly chart of the BNB/USD pair (data source from Binance). The pair could gain bullish momentum if it clears the $535-$538 resistance zone. BNB Price Eyes More Upsides…

Analyst Says XRP Price Will Rally 10,400% To $60, Here’s When

A crypto analyst has shared an optimistic outlook for the XRP price, the native token of the XRP Ledger (XRPL), predicting a potential rally of up to 10,400% with a price target of $60. The analyst has also outlined when to expect this anticipated price increase.  XRP Price Set To Hit $60 With Projected 10,400% Surge In an X (formerly Twitter) post on August 12, crypto analyst, Brett Hill expressed bullish optimism about XRP’s future price. The analyst suggests that XRP could be on the verge of a significant breakout,…