Wed, August 27

Bitcoin (BTC) Sticks to $26K Due to Massive Sell-Off, More Dump Incoming?

The crypto market has experienced a massive downtrend in the past few days. Bitcoin (BTC), the world’s largest cryptocurrency, has experienced a slight recovery after falling below the $26K mark. However, the trading price of BTC is still around the $26,000 mark, showing strong bearish momentum. Before the recent dump,

August 21, 2023 2 mins read

Whistleblower Edward Snowden to Headline the Bitcoin Amsterdam Conference

Renowned whistleblower and cybersecurity expert, Edward Snowden, will deliver a 45-minute long online talk with a Q&A session during the upcoming Bitcoin Amsterdam Conference. The event will take place in Westergas, Amsterdam on October 12-13, 2023, and will bring together industry leaders, enthusiasts, and experts to discuss the future of

August 21, 2023 3 mins read

Whopping 98% Drop Witnessed in Bitcoin Ordinals NFT Trading Volume

According to DappRadar, trading volume for the Bitcoin Ordinals NFT has plummeted by about 98% since May, indicating a severe decline in user engagement. DappRadar reported on August 17 that the overall sales volume of Bitcoin Ordinals has dropped from $452 million in May to under $3 million as of

August 19, 2023 1 min read

Why Did Bitcoin (BTC) Fall Below $26K After June?

The act of Tesla CEO Elon Musk’s SpaceX selling its giant Bitcoin (BTC) lump — worth $373M — turned about to be a striking Bitcoin FUD of the day. Amid this, distressing traders and investors, Bitcoin (BTC) dropped to its 2-month low, reaching below the $26,500 level. Notably, according to

August 18, 2023 2 mins read

Bitcoin Hits Two-Month Low; More Decline Likely?

Stocks in the United States unexpectedly fell at the market close, with the technology-focused Nasdaq Composite leading the decline. The release of the Fed’s July meeting minutes affected market sentiment because they highlighted a rising worry among top officials about “upside inflation risks.” Fear of further interest rate rise dampened investor optimism on

August 17, 2023 2 mins read

Uzbekistan Progresses Testing Crypto Regulations in Digital Sandbox

The National Agency for Prospective Projects (NAPP) in Uzbekistan has granted permission to two private banks, Kapital Bank and Ravnaq Bank, to test crypto regulations in a “digital sandbox.” Moreover, Mastercard-powered crypto cards will be issued by the banks. The NAPP announced on August 14 that Ravnaq Bank has been

August 16, 2023 1 min read

Bitcoin (BTC) Outperformed the S&P 500 in August

The popular analytics firm Santiment shared that the trading price of the world’s largest cryptocurrency, Bitcoin (BTC), has remained in a tight range of between $28K and $29K over the past few weeks. Yet, even with this bearish momentum, Bitcoin has outperformed the equities market S&P 500. The trading price

August 16, 2023 2 mins read

Dubai Offers 90% Subsidy on Licenses for AI and Web3 Businesses

Dubai has begun granting commercial licenses to AI and Web3 businesses at a 90% subsidy. This is part of an effort to build an unparalleled hub of cutting-edge technology enterprises in the MENA region, Emerging tech center Dubai AI and Web 3.0 Campus has decided to subsidize licenses for businesses

August 16, 2023 1 min read

El Salvador Bonds: Significant High Returns Lures Critics

When El Salvador began accepting Bitcoin a few years ago, it drew criticism from prominent financial institutions. However, Bonds issued by the government of El Salvador have risen in value recently, and large financial institutions such as JPMorgan, Eaton, and PGIM can no longer afford to ignore this trend. El

August 16, 2023 2 mins read
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