Hiring in the crypto world can be difficult. Web3 companies are often disorganized and lack HR departments. Developers sometimes want to remain anonymous — even to their potential employers.

Some employees don’t exist at all, while others are secretly juggling three other remote gigs. Then there are those who pretend to be employees . . . → Read More: Fake employees and social attacks: Crypto recruiting is a minefield

Japanese financial giant SBI Holdings has partly terminated cryptocurrency mining in Russia due to geopolitical uncertainty and the crypto winter.

SBI Holdings suspended mining operations in Russia’s crypto mining-rich region of Siberia, citing reasons like the Russia-Ukraine conflict and the ongoing bear market, Bloomberg reported on Thursday.

The Japanese online brokerage shut down the . . . → Read More: SBI lost 40% of hash rate after stopping mining in Russia: Data

One of the most substantial value propositions of Bitcoin (BTC) is that no one can create more of it apart from its fixed supply. However, an executive from a crypto exchange made a bold claim that some exchanges can create and sell BTC that’s only in their system, not on the blockchain, to . . . → Read More: Can exchanges create imaginary Bitcoin to dump price? Crypto platform exec answers

The crypto market registered a major slump on Friday, resulting in major cryptocurrencies losing key support and falling to new monthly lows after a prolonged bullish surge over the past month.

Bitcoin (BTC), which was looking to break through the $25,000 resistance level last week, fell below $22,000 to register a new two-week low . . . → Read More: Crypto market bloodbath leads to over $500M in liquidations in 24 hours

Bitcoin (BTC) is staging a repeat of price action from May with its latest drop, the latest data shows.

As the dust settles on a 6% comedown for BTC/USD, analysis argues that its trip to $25,000 was never meant to last.

Realized price comes back to haunt the BTC chart

After taking some by . . . → Read More: Weak address growth points to Bitcoin price failing to sustain $25K

Bitcoin (BTC) briefly broke above $25,000 on Aug. 15, but the excitement lasted less than an hour and was followed by a 5% retrace in the next five hours. The resistance level proved to be tougher than expected but may have given bulls false hope for the upcoming $335 million weekly options expiry.

Investors’ . . . → Read More: Options data shows Bitcoin’s short-term uptrend is at risk if BTC falls below $23K

Bitcoin (BTC) long-term holders are knuckling down as a record portion of the BTC supply stays dormant for years.

Data from on-chain analytics firm Glassnode confirms that the percentage of the supply now stationary for at least five years is higher than ever.

2017 BTC buyers not this year’s sellers

Bitcoin has recovered almost . . . → Read More: Bitcoin ‘liveliness’ lowest since 2021 amid new 5-year BTC hodl record

Unregistered cryptocurrency exchanges operating in South Korea could see their services grind to a halt as the Korea Financial Intelligence Unit (FIU) takes action against 16 foreign-based firms.

The FIU has notified its investigative authority that 16 virtual asset service providers have been carrying out business without the necessary registrations. Major exchanges, including . . . → Read More: Korean financial watchdog to block tens of unregistered exchange websites

Major Chinese cryptocurrency miner manufacturer Canaan appears to have no issues with the local ban on crypto, as the company’s overall performance has continued to grow in 2022.

Canaan officially announced its financial results for the second quarter of 2022 on Thursday, reporting a 117% increase in gross profit from the same period of . . . → Read More: Chinese mining giant Canaan doubles profits despite the blanket crypto ban

Bitcoin (BTC) shifted higher on Aug. 18 as the latest data confirmed the European Union’s highest ever inflation.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Support and resistance close in on BTC spot price

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD passing $23,500 at the time of writing, having preserved $23,000 as . . . → Read More: Bitcoin price heads above $23.5K after highest EU inflation in history

The crypto community has poured in an impressive $54 million worth of crypto funds through Aid For Ukraine, aimed at supporting the country’s military efforts against Russia, the Ukrainian Deputy Prime Minister has revealed. 

The $54 million has been funneled in through the Ukrainian government-run initiative Aid For Ukraine, according to Ukraine’s Deputy . . . → Read More: Aid for Ukraine’s $54M crypto fund buys vests, scopes and UAVs

For all the good that Bitcoin brings to the table, it also possesses a commonly accepted issue in scalability. Bitcoin can only process a limited number of transactions per block and, as of Aug. 17, 2022, can handle about five transactions per second, which in comparison to most other blockchains is low. The factor . . . → Read More: Pushing Bitcoin to become more scalable with zero-knowledge proofs

Bitcoin (BTC) dropped to weekly lows at the Aug. 17 Wall Street open as upcoming Federal Reserve comments unsettled risk assets.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar climbs as Fed minutes due

Data from Cointelegraph Markets Pro and TradingView tracked a more than 2% daily decline in BTC/USD, which hit $23,325 on . . . → Read More: Bitcoin price dives pre-FOMC amid warning $17.6K low was not the bottom

The saga of BitConnect, a major cryptocurrency scam scheme, is taking another twist as one of the BitConnect co-founders is now wanted by the Indian state police.

Satish Kumbhani, an Indian national and the alleged founder of the crypto Ponzi scheme BitConnect, reportedly became subject to a new police investigation in India, The . . . → Read More: Indian police launch probe into BitConnect founder wanted by US SEC

The United States-based Bitcoin mining company, Stronghold Digital Mining (SDIG), announced on Tuesday new moves to elevate outstanding debt and restructure its financial operations.

In an agreement with lender New York Digital Investment Group (NYDIG), the company plans to release 26,000 of its mining rigs, 18,700 of which are currently running. The sell-off . . . → Read More: Troubled miner returns 26,000 rigs to eliminate debt

Not even 24 hours after revealing a three-month cash flow forecast that threatens total exhaustion of funds, a New York judge allowed crypto lender Celsius Network to mine and sell Bitcoin (BTC) during its bankruptcy.

Since July 2022, Celsius Networks stands at the crosshair of United States officials after reports of bankruptcy surfaced, which . . . → Read More: For greater good: NY judge allows Celsius to mine, sell Bitcoin

Despite the ongoing cryptocurrency market decline and associated forced layoffs in major crypto firms, a career in crypto doesn’t seem less attractive to many traditional finance executives.

European crypto exchange-traded fund (ETF) provider 21Shares announced three major hires on Wednesday to expand its presence in countries like France, Germany and the United Arab Emirates.

. . . → Read More: Former JPMorgan, Barclays execs on why crypto jobs attractive even in bear market

Digital asset exchange Crypto.com has just been given the green-light for “certain cryptoasset activities” in the United Kingdom, after receiving registration confirmation from the Financial Conduct Authority (FCA) on Tuesday. 

According to a Tuesday entry in the FCA’s Financial Services Register, FORIS DAX UK LIMITED has been registered to conduct “certain cryptoasset activities,” while . . . → Read More: Crypto.com secures UK registration for ‘cryptoasset activities’

Bitcoin (BTC) showed weakness on Aug. 15, posting a 5% loss after testing the $25,000 resistance. The move liquidated over $150 million worth of leverage long positions and has led some traders to predict a move back toward the yearly low in the $18,000 range.

The price action coincided with worsening conditions for tech . . . → Read More: Bitcoin traders anticipate new yearly lows after BTC’s $25K rejection — Data disagrees

While Bitcoin (BTC) has failed in countering this year’s rampant global inflation, it should still be considered as an inflation hedge, says Steven Lubka, the managing director of private consumers at Swan Bitcoin. 

According to Lubka, Bitcoin works well as a hedge against rising prices when inflation is caused by monetary expansion. It . . . → Read More: Is Bitcoin really a hedge against inflation?

Around the world, personal financial stress is peaking. A recent study in America found that more than three in four people feel anxious about their financial situation. This is seeding anti-risk mentalities and prompting fears around the safety of long-term savings, including retirement funds. 

However, that shouldn’t mean hiding money under the floorboards. Nor . . . → Read More: Worried about inflation’s impact on your retirement savings? Invest in cryptocurrency

According to a fresh prediction from crypto analysis firm Arcane Research, miners will continue to sell more Bitcoin (BTC) than they earn.

Miners sold nearly 30% of record BTC stash since May

The trip to $25,000 this month decreased pressure on a Bitcoin mining sector which has struggled throughout 2022.

At one point, fears . . . → Read More: Bitcoin miners hodl 27% less BTC after 3 months of major selling

On Aug. 15, Bitcoin (BTC) price and the wider market corrected while the S&P 500 and DOW looked to build on four-straight weeks of robust gains. Data from TradingView and CNBC show the Dow pushing through its 200-day moving average, a first since April 21 and perhaps a sign for bulls that the market . . . → Read More: Bitcoin price corrects after hitting a wall at a multi-month descending trendline

A new bankruptcy coin report filed on Sunday shows that troubled crypto lender Celsius’ actual debt stands at $2.85 billion against their bankruptcy filing claims of a $1.2 billion deficit.

The latest report shows that the company has net liabilities worth $6.6 billion and total assets under management at $3.8 billion. While in . . . → Read More: Celsius Network coin report shows a balance gap of $2.85 billion

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 . . . → Read More: Galaxy Digital terminates BitGo acquisition, citing breach of contract

Cryptocurrency exchange Zipmex has gotten a chance to sort out liquidity issues as a court in Singapore has granted the firm with more than three months of creditor protection.

Singapore’s High Court has ruled that each of the five Zipmex entities has a moratorium until Dec. 2, 2022, to come up with a . . . → Read More: Zipmex gets 3-month protection in Singapore amid halted withdrawals

Bitcoin (BTC) spiked through to $25,000 for the first time in months on Aug. 14, but traders refused to take any chances on a bull run.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Weekend produces brief $25,000 tap for BTC

Data from Cointelegraph Markets Pro and TradingView tracked a sudden run-up on BTC/USD, which hit . . . → Read More: Bitcoin hits $25K as bearish voices call BTC price ‘double top’

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Top Stories This Week Elon Musk: US ’past peak inflation’ after Tesla sells . . . → Read More: Coinbase posts $1.1B loss, Polygon DApps rocket 400% in 2022 and Elon Musk says inflation is on the decline: Hodler’s Digest, Aug 7-13

Typically there are macroeconomic factors that a country is looking to manage through the adoption of a currency as legal tender. In order to make Bitcoin legal tender, these factors should coincide with visionary leadership.

Despite that, central banks are getting into digital currencies. There are countries with more fundamental problems that . . . → Read More: Countries where Bitcoin (BTC) is legal

Bitcoin (BTC) is still due to return to near $20,000, fresh analysis warns as BTC/USD attempts to retest multi-month highs. 

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buy-the-dip set for invalidation at $20,700

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD staging a second run-up to near $25,000 on Aug. 13, so far seeing . . . → Read More: Bitcoin traders still favor new $20K lows as Ethereum hits $2K

The Bitcoin (BTC) mining industry endured immense financial stress throughout the year 2022 as a prolonged bear market directly impacted their earnings when translated to the U.S. dollar. However, miners resilient to the year’s lowest mining revenue day, June 13, witnessed a 68.63% increase in mining revenue within a month.

Over the year, revenue . . . → Read More: Bitcoin mining revenue jumps 68.6% from the lowest-earning day of 2022

An ascending triangle formation has driven the total crypto market capitalization toward the $1.2 trillion level. The issue with this seven-week-long setup is the diminishing volatility, which could last until late August. From there, the pattern can break either way, but Tether and futures markets data show bulls lacking enough conviction to catalyze an . . . → Read More: Crypto markets bounced and sentiment improved, but retail has yet to FOMO

The blockchain industry showed some surprising resilience in July, which may point to a period of greater fundamental support for the crypto space overall in the short term. In looking at a wide variety of indicators, including Bitcoin’s (BTC) price action, open interest on Ether (ETH) and activity in GameFi, there are some strong . . . → Read More: Fallout from crypto contagion subsides but no market reversal just yet

Bitcoin (BTC) headed lower on Aug. 12 as a broadly expected comedown from two-month highs began to take shape.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView 200-week moving average becomes pivot

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $23,615 on Bitstamp prior to the day’s Wall Street open, marking 24-hour losses . . . → Read More: Here are Bitcoin price levels to watch as BTC dips 5% from highs

Major Brazilian payment application PicPay is moving into cryptocurrencies by integrating a crypto exchange service allowing users to buy Bitcoin (BTC) and Ether (ETH).

The firm officially announced on Wednesday that PicPay clients can now buy, sell and store two major cryptocurrencies, BTC or ETH, directly on its app. PicPay pointed out that . . . → Read More: Brazilian payment app PicPay launches crypto exchange with Paxos

Crypto mining companies have seen their stock prices increase as much as 120% over the last month, amid rebounding crypto asset prices, higher mining profitability and sharp increases in Bitcoin (BTC) production.

Crypto mining companies Marathon Digital Holdings at 124.12%, Core Scientific at 110.39%, Hut 8 at 98.95% and Riot Blockchain at 96.69% have . . . → Read More: BTC mining stocks double in a month as production ramps

In this weeks episode of Market Talks we welcome senior market analyst at Cubic Analytics, Caleb Franzen.

Caleb is a Senior Market Strategist at Cubic Analytics, analysing new data/charts on the economy, the stock market, and Bitcoin to make better investment decisions. He is also a former corporate banking & portfolio . . . → Read More: Good news for Bitcoin: New CPI data suggests inflation has peaked | Find out now on Market Talks with Tim Warren and Caleb Franzen

According to a blog post published on Thursday, BlackRock — the world’s largest asset manager, overseeing over $10 trillion in total assets — has launched a new private spot Bitcoin (BTC) trust. The fund is only available to U.S. institutional investors and seeks to track the performance of Bitcoin, less the expenses and . . . → Read More: BlackRock announces the launch of a new private spot Bitcoin trust

The cryptocurrency industry has offered developers and investors the opportunity to introduce new financial tools providing plentiful options to earn passive income. Simply holding crypto has offered patient investors the chance to make gains over the years. However, there are various other ways to increase crypto assets’ stacks, even in bear markets.

Other than . . . → Read More: How to earn interest from crypto saving accounts

Bitcoin (BTC) continued toward $25,000 on the Aug. 11 Wall Street open amid news that the world’s largest asset manager had launched a BTC product.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Silbert on BlackRock: “Here comes Wall Street”

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it spiked to $24,921 on Bitstamp . . . → Read More: BlackRock Bitcoin fund launch sends BTC price toward $25K

Interlay, a London-based blockchain firm, launched a Bitcoin (BTC)-based cross-chain bridge on Polkadot (DOT). Named interBTC (iBTC), the bridge allows the use of Bitcoin on non-native blockchains for decentralized finance (DeFi), cross-chain transfers and nonfungible tokens (NFTs), among others.

interBTC operates as a BTC-backed stablecoin, secured by a decentralized network of overcollateralized vaults, which . . . → Read More: Interlay launches trustless BTC stablecoin bridge on Polkadot

When assisted senior living home The Preston of the Park Cities approached Owen Robertson to hold a course on crypto, nonfungible tokens (NFTs) and the Metaverse for their residents, the 21-year-old didn’t expect how quickly they’d pick up on the complex topics. 

Speaking to Cointelegraph, the Quai Network marketing associate, board member of the . . . → Read More: 21-year-old got ‘thought-provoking’ questions after teaching crypto to old folks

Two executives at Wave Financial, an asset management firm providing bespoke strategies to high-net-worth individuals and entities, have reported seeing increased institutional demand for crypto products amid the bear market.

Speaking to Cointelegraph at the Blockchain Futurist Conference in Toronto on Wednesday, Wave Financial’s head of business development Mike Jones said institutional investment in . . . → Read More: Wealth managers and VCs are helping drive institutional crypto adoption — Wave Financial execs

Bitcoin (BTC) has been posting higher lows for the past eight weeks, but during this time, BTC has not been able to flip the $24,000 resistance to support on at least three different opportunities. This is precisely why the $475 million Bitcoin options expiry on Aug. 12 might be a game changer for bulls.

. . . → Read More: $475M in Bitcoin options expire this week — Are bulls or bears poised to win?

Bitcoin (BTC) price continues to battle at the $24,000 resistance and the price was rejected there on Aug. 10, but the rejection was not enough to knock the price out of the 52-day-long ascending channel. The channel has a $22,500 support and this bullish formation suggests that the BTC price will eventually hit the . . . → Read More: $29K Bitcoin is closer than you might expect, according to derivatives data

The grassroots Mi Primer Bitcoin, meaning “My First Bitcoin,” program has picked up steam in El Salvador. The first cohort of Bitcoiner-come-students began studies in May. Founded by John Dennehy, an American activist and journalist, the program also has the support of the Salvadoran government. 

El Salvador’s first #Bitcoin diploma program launched with . . . → Read More: El Salvador’s ‘My First Bitcoin’: How to teach a nation about crypto

Bitcoin (BTC) regained $24,000 but failed to hit new multi-month highs on Aug. 10 as United States inflation appeared to be slowing.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView CPI cuts risk assets much-needed slack

Data from Cointelegraph Markets Pro and TradingView confirmed hourly gains of around $1,000 after U.S. Consumer Price Index (CPI) data . . . → Read More: Bitcoin price sees $24K, Ethereum hits 2-month high as US inflation shrinks

Despite a massive wave of liquidations on the cryptocurrency market, some companies that sold their crypto over the past few months are not bearish on Bitcoin (BTC) at all.

Canada-based investment firm Cypherpunk Holdings was one of the companies that opted to sell crypto amid the crypto winter of 2022, liquidating 100% of . . . → Read More: Selling Bitcoin doesn’t mean you’re not bullish: Cypherpunk CEO

Crypto and equities markets took a bit of a tumble on Aug. 9 as traders grew a bit skittish ahead of tomorrow’s Consumer Price Index (CPI) report. The details of the print will shine a light on whether the Federal Reserve’s aggressive interest hikes are effective in tamping runaway inflation and it could . . . → Read More: Bitcoin drops to support as looming CPI print shakes up crypto and stock markets

Decentralized autonomous organizations come in all sizes and flavors. Some can seem sweet; others turn sour. It can be fun and interesting to create one that suits your needs and satisfies your hunger for something new.

We talk to the master chefs — Noam Hof of DeepDAO, Stru Delman of Aragon, and Fabien . . . → Read More: How to bake your own DAO at home — With just 5 ingredients!

Bitcoin (BTC) consolidated lower on Aug. 9 after familiar resistance preserved a multi-month trading range.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin navigates whale price ladder

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling under the $24,000 mark overnight after rejecting near $24,200. 

The pair had seen swift gains to start the . . . → Read More: Bitcoin realized price bands form key resistance as bulls lose $24K

The U.S. Federal Reserve (FED) recently initiated an attempt to reduce its $8.9 trillion balance sheet by halting billions of dollars worth of treasuries and bond purchases. The measures were implemented in June 2022 and coincided with the total crypto market capitalization falling below $1.2 trillion, the lowest level seen since January 2021. 

A . . . → Read More: Fed reverse repo reaches $2.3T, but what does it mean for crypto investors?

Blaming market conditions and lack of liquidity, Singapore-based crypto lending platform Hodlnaut has become the latest firm to suspend withdrawals and deposits.

The crypto lending firm made an official announcement on Monday, claiming that market conditions have forced it to suspend its services and that it is actively working on recovery plans. 

. . . → Read More: Crypto lending platform Hodlnaut suspends services due to liquidity crisis

Deriving their names from the size of the massive mammals swimming around the earth’s oceans, cryptocurrency whales refer to individuals or entities that hold large amounts of cryptocurrency. 

In the case of Bitcoin (BTC), someone can be considered a whale if they hold over 1,000 BTC, and there are less than 2,500 of them . . . → Read More: How Bitcoin whales make a splash in markets and move prices

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!

This week, our 6 Questions go to Tongtong Bee, co-founder of Panony — an incubator, investor and adviser for blockchain and Web3 business.

I’m . . . → Read More: 6 Questions for Tongtong Bee of Panony

Bitcoin (BTC) is in short supply at Tesla, even as its CEO predicts that United States inflation has already peaked.

Speaking at Tesla’s 2022 Annual Meeting of Stockholders on Aug. 5, Elon Musk predicted that an upcoming United States recession would only be “mild to moderate.”

Musk on costs: “The trend is down”

After . . . → Read More: Elon Musk: US ’past peak inflation’ after Tesla sells 90% of Bitcoin

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Top Stories This Week Crypto fundraising hits $30.3B in H1, outpacing all of . . . → Read More: Crypto VC funding hits $30.3B in H1, Michael Saylor steps down as MicroStrategy CEO, and Voyager to return $270M worth of customer assets: Hodler’s Digest, July 31-Aug 6

Canadian Bitcoin (BTC) miner Hut 8 Mining Corp. added to its massive BTC reserves in July, as the firm maintained its long-term “HODL strategy” in the face of market volatility.

The Alberta-based company generated 330 Bitcoin in July at an average production rate of 10.61 BTC per day, bringing its total reserves to 7,736 . . . → Read More: Amid miner capitulation, Hut 8 maintained BTC ‘HODL strategy’ in July

Bitcoin (BTC) rose above $23,000 again into Aug. 6 as new analysis predicted a potential surge of 20% or more.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Daily chart gives trader $30,000 target

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing overnight to once again sit near the top of its established . . . → Read More: Bitcoin price: weekend volatility ‘expected’ with $22K level to hold

“Art is not a thing, it is a way,” said American writer Elbert Hubbard. For Bitcoin (BTC) artists, the way is inspired by Bitcoin, its code, its philosophy and its imagery. In some cases, it’s even inspired by memes. Bitcoin has become a “lifestyle,” for some Bitcoin artists, that inspires their way of doing . . . → Read More: Proof-of-work: The Bitcoin artists on minting NFTs and OpenSea

Cryptocurrencies have failed to break the $1.1 trillion market capitalization resistance, which has been holding strong for the past 54 days. The two leading coins held back the market as Bitcoin (BTC) lost 2.5% and Ether (ETH) retraced 1% over the past seven days, but a handful of altcoins presented a robust rally.

Crypto . . . → Read More: 2 metrics signal the $1.1T crypto market cap resistance will hold

With the Bitcoin (BTC) price moving at a very steady pace during the crypto winter, the return on investment (ROI) on a new mining device seems like a shot in the dark. But a mining expert explained there may be hope for miners to make a comeback to profit. 

Phil Harvey, the CEO . . . → Read More: Antminer S19 XP dropped in a bid to swing crypto miners back into profit

Bitcoin (BTC) saw fresh rejection at $23,500 resistance on Aug. 5 as United States equities failed to embrace surprisingly strong payroll data.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Collapsing real wages” poke fun at payroll print

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as bears kept the market in its intraday . . . → Read More: Bitcoin fails to beat $23.4K sellers as US payrolls upend inflation debate

Binance announced on Friday that its Binance Card now supports three new altcoins. Card users can now access their holdings of Ripple (XRP), Shiba Inu (SHIB) and Avalanche (AVAX). 

The Binance Card allows its holders to “convert and spend cryptocurrencies in over 60 million online and physical stores.” However, the card is only . . . → Read More: Binance Card users now have access to XRP, SHIB and AVAX

Cryptocurrency mining firm Argo Blockchain continues to sell its Bitcoin (BTC) holdings to cut its debt to Michael Novogratz’s crypto investment firm Galaxy Digital.

Argo sold another 887 Bitcoin in July to reduce obligations under a BTC-backed loan agreement with Galaxy Digital, the firm announced on Friday.

With the average BTC price of . . . → Read More: Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy Digital

Accused Bitcoin- (BTC)-e operator Alexander Vinnik has reportedly been extradited to America to face up to multiple charges relating to money laundering while working at the now-defunct cryptocurrency exchange.

Vinnik has been embroiled in legal battles over the past five years for his alleged role as the mastermind of BTC-e. The cryptocurrency exchange . . . → Read More: Alexander Vinnik reportedly en route to the US after extradition

Bitcoin (BTC) returned to base on Aug. 4 as higher levels gave way to a battle for the 200-week moving average (MA).

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Battle for classic Bitcoin price trendline rages 

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling to repeatedly test the key bear market trendline . . . → Read More: Bitcoin price retests key $22.8K as metric points to ‘BTC buying spree’

While some experts believe that self-custody is one of the genuine purposes of crypto, this way of storing coins is not really suitable for everyone, according to a WisdomTree executive.

Will Peck, head of digital assets at New York-based asset manager WisdomTree, believes that self-custody will be a growing trend in the future, . . . → Read More: Self-custody isn’t for everyone: WisdomTree exec on ‘be your own bank’

Bitcoin (BTC) is providing overwhelming evidence that it is capitulating, and it is time to flip bullish as a result, new analysis believes.

In a Twitter thread on Aug. 3, Charles Edwards, CEO of crypto asset manager Capriole, revealed what he called the “The 12 Bitcoin Capitulations.”

“Risk-returns skewed positively” for Bitcoin

With BTC . . . → Read More: ‘Insane evidence’ Bitcoin has capitulated in past 2 months — analysis

Tourism in El Salvador has soared in the first half of 2022. Up 82.8% just this year, there were 1.1 million visitors to El Salvador this year, according to government figures. That’s despite the price of Bitcoin (BTC) sinking almost 50% since Jan. 1. 

Data from the World Travel Organization reinforces the claims. . . . → Read More: Tourists flock to El Salvador despite Bitcoin bear market

MicroStrategy (MSTR) stock opened higher on Aug. 3 as investors digested the news of its CEO Michael Saylor’s exit after a depressive quarterly earnings report.

Microstrategy stock up 142% since May lows 

On the daily chart, MSTR’s price surged by nearly 14.5% to $324.55 per share, the highest level since May 6.

The . . . → Read More: MicroStrategy stock MSTR hits 3-month high after CEO’s exit

Bitcoin (BTC) rose to daily resistance at the Aug. 3 Wall Street open as United States equities gained on relief over Taiwan.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks gain as U.S. dollar coils

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to the area just below $23,500, which had figured as . . . → Read More: Bitcoin price battles $23.5K resistance amid relief over Pelosi Taiwan trip

Fifty-one days have passed since Bitcoin (BTC) last closed above $24,000, causing even the most bullish trader to question whether a sustainable recovery is feasible. However, despite the lackluster price action, bulls have the upper hand on Friday’s $510 million BTC options expiry.

Bitcoin index/USD 1-day price. Source: TradingView

Investors have been reducing their . . . → Read More: Bitcoin bulls aim for $25K price on Friday’s $510M options expiry

Are cryptocurrency wages an idea whose time has come? Maybe not. It’s one thing, after all, to dabble in Bitcoin (BTC) with one’s excess cash and quite another to take a significant portion of one’s salary in BTC.

Moreover, there are often tax and custody questions about crypto, as well as concerns about . . . → Read More: Beyond the headlines: The real adoption of Bitcoin salaries

Bitcoin (BTC) has been trending up since mid-July, although the current ascending channel formation holds $21,100 support. This pattern has been holding for 45 days and could potentially drive BTC towards $26,000 by late August.

Bitcoin/USD 12-hour price. Source: TradingView

According to Bitcoin derivatives data, investors are pricing higher odds of a downturn, but . . . → Read More: Bitcoin derivatives show a lack of confidence from bulls

Crypto exchange Zipmex, which operates in Thailand, Indonesia, Singapore and Australia, released a statement this week denying reports that it has filed for bankruptcy and announcing its progress in resuming withdrawals from its Z Wallets. 

Zipmex customers can withdraw Solana (SOL) from their wallets Tuesday and will be able to withdraw XRP on . . . → Read More: Zipmex gradually resuming Z Wallet withdrawals, says debt moratorium is not bankruptcy

Bitcoin (BTC) saw volatility after the Aug. 2 Wall Street open amid ongoing market reactions to tensions between the United States and China.

BTC price U-turns as Pelosi lands in Taipei

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking above $23,000 on the day as news came in that Nancy Pelosi, speaker of . . . → Read More: Bitcoin price clips $23K on Pelosi Taiwan visit as trading range persists

Gibraltar’s 6.8-square-kilometer  territory houses 35,000 people and several large international crypto companies. The British Overseas Territory of Gibraltar, ruled by the United Kingdom and an important gateway to Europe, is an attractive jurisdiction for distributed ledger technologies (DLT) or simply crypto.

The world’s largest cryptocurrency exchange, Binance, is now hiring for four roles in . . . → Read More: Rock on, Gibraltar: Pro-crypto regulation pulls Binance and big players

Blockchain.com, one of the oldest Bitcoin (BTC) infrastructure firms, is strengthening regulation and compliance efforts by securing registration in the Cayman Islands.

The blockchain wallet and cryptocurrency exchange platform Blockchain.com is expanding operations in the Cayman Islands after receiving registration from the Cayman Islands Monetary Authority (CIMA).

Issued on July 6, the registration . . . → Read More: Blockchain?.com wins registration next to parent firm on the Cayman Islands