After starting the month at $24,000, the Bitcoin/US Dollar pair has lost 14% this month. CZ mentioned that it’s been five years since bitcoin hit $20k for the first time. If current trends continue, Bitcoin (BTC) might have its worst August performance since the 2015 bear market next month. According
According to reports, Gulf Energy Development CEO Sarath Ratanavadi has pledged to diversify some of the firm’s income by investing in blockchain ecosystems. Despite the widespread market crash and the tough position taken by local watchdogs, the decision was made. Furthermore, as per estimates, Ratanavadi is Thailand’s second-wealthiest citizen. His
In the United States alone, stocks lost around $1.25 trillion in a single day. With a 3.4% loss at day’s end, the S&P 500 reached its lowest point since late July. The United States Federal Reserve offered aggressive views on economic policy on August 26, sending Bitcoin (BTC) and other
MAS demanded that crypto platforms provide information about their operations. Information on the most staked tokens on DeFi be made available was demanded. Regulators have chosen to examine more closely at the cryptocurrency industry in light of recent developments like the increasing adoption of cryptocurrencies and the subsequent market collapse.
The country’s central bank banned crypto one month ago. Severe economic sanctions have been imposed on Afghanistan. The Taliban starts targeting anyone who deals in crypto. Bloomberg reports that the Taliban government in Afghanistan is detaining cryptocurrency traders who continue to operate after being told to halt. One month after
In the previous day, the price of Bitcoin fell by 6.3%. The majority of cryptocurrencies also lost value after Powell’s remarks. Bitcoin and other cryptocurrencies fell on Friday as traders reacted to hawkish remarks made by Federal Reserve Chairman Jerome Powell during a major address at the Jackson Hole economic
The original deadline for a decision from the regulator was on August 27. Cboe BZX Exchange would become a trading venue for VanEck’s product. New York-based global asset manager VanEck is now going to await a decision from the United States Securities and Exchange Commission (SEC) about its newest application
The sandbox environment is open to unlicensed financial service businesses. The sandbox has been created in partnership with Emtech Solutions Inc. As part of its aim to continually create a favorable regulatory framework that supports innovation, financial inclusion, and economic security, the Ghanaian central bank has announced the opening of
SPAC GSR II Meteora Acquisition Corp. merged with Bitcoin Depot. After the transaction is concluded, the SPAC will be replaced in the stock market. Bitcoin Depot, a supplier of cryptocurrency ATMs, has reportedly closed an $885 million SPAC (Special Purpose Acquisition Company) agreement to go public, as tweeted on its
The network’s overall cumulative activity amounts to almost $7.3 trillion. The statistic doesn’t cover exchanges between a user’s own wallets. Without a doubt, 2022 was a terrible year for Bitcoin (BTC), and Q2 was the worst for the king of crypto. The interest in cryptocurrencies, though, keeps rising. David Puell,
