In the past week, approximately 10,000 BTC were transferred to exchanges
According to reports, in the past week, about 10,000 BTC were transferred to cryptocurrency exchange wallets, worth about $270 million.
Trezor Unveils Upgraded Hardware Wallet and Private Key Backup Solution for Crypto Storage
Trezor, a hardware crypto wallet provider, has launched three new self-custody products to celebrate its 10-year anniversary. These products include an upgraded Trezor wallet, a private key backup solution, and an exclusive Bitcoin-centric wallet.
Samsung Is Already Using the 3nm Process to Manufacture Cryptocurrency Mining Chips
South Korean IC design company ADTechnology has announced that Samsung Foundry has received an order to manufacture server CPUs for an unnamed overseas company using 3nm process GAA transistor architecture. According to Samsung's product roadmap, there are at least three types of 3nm process (SF3E, SF3, SF3P) that use GAA transistor architecture.
Tether, Bitcoin and Ethereum account for 83% of Brazilian cryptocurrency demand
According to a report from Chainalysis, between June 2022 and July 2023, Tether, Bitcoin, and Ethereum accounted for 83% of Brazil's cryptocurrency demand. During that period, Tether accounted for about 52% of the country's investor trading demand, Bitcoin accounted for 25%, Ethereum accounted for 6%, while other altcoins totaled just over 17%. Chainalysis categorizes Brazil as a "unique market in Latin America."
Lightning Network Routed Transactions Skyrocket 1,212% in Two Years, According to Report
Bitcoin's Lightning Network has experienced impressive growth, with routed transactions increasing from 503,115 in August 2021 to 6,599,553 in August 2023, representing a 1,212% growth. The Lightning Network is a layer-2 scaling solution built on top of the Bitcoin network that allows people or companies to move money between one another without needing to use the blockchain to verify the transaction. <br>
Bitcoin Price Strengthens Amidst Institutional Interest and Market Uncertainty
Bitcoin's price is bouncing back from resistance at $27,200, and investors are watching to see if it settles above $27,000 and continues towards $31,000 or drops to seek liquidity from support at $25,000. The crypto market is also keeping an eye on the Federal Reserve's meeting on Wednesday, as economists expect a pause in interest rate hikes. Nomura, Japan's largest bank, has launched an Adoption Fund for institutional investors, attracting interest from global firms like Blackrock and Fidelity Investments.
New York Department of Financial Services Restructures Cryptocurrency Oversight, Axes Ripple and Dogecoin from Greenlist
The New York Department of Financial Services (DFS) has removed Ripple and Dogecoin from its "greenlist" of approved cryptocurrencies, while Bitcoin, Ether, and the PayPal Dollar remain. The DFS has positioned itself as a leader in digital asset regulation, with its BitLicense program and virtual currency unit.
Crypto Market Starts Week on Positive Note with Major Cryptocurrencies Seeing Upward Trend
Major cryptocurrencies saw positive performance on Monday, September 18, with investors regaining confidence in digital currencies. Bitcoin's price rose 0.15% to $26,585.27 over the last 24 hours, while Ethereum's price remained flat at $1,629.15. XRP's price increased by 0.11% to $0.4973, and Litecoin's price added 1.06% to trade at $64.63.
XRP Price Increases 3% to $0.5 Due to New Bitcoin ETF Filing and Positive US CPI Data
XRP's price has risen by 3% to reach $0.5, thanks to positive US CPI data and a new Bitcoin ETF filing by Franklin Templeton Investments. The cryptocurrency has broken out of a falling wedge pattern and could potentially reach $0.7. Ripple is planning to hold a "Proper Party" on September 29 to celebrate its win against the SEC, with potential announcements including an IPO.
Fortress Trust Founder: Before Being Acquired by Ripple, He Lost $12 Million to $15 Million in a Hacker Attack
According to Fortune magazine, Scott Purcell, founder and CEO of Web3 licensed trust company Fortress Trust, stated that Fortress Trust lost between $12 million and $15 million in cryptocurrency in a recent hack, most of which was Bitcoin, as well as a small amount of USDC and USDT.
Bitcoin's Price Rebounds and Tests Short-Term Resistance, but Downtrend May Not Be Over
Bitcoin's price has risen from its weekly low of $25,000 and is testing short-term resistance at $26,400 for the second time this month. The Moving Average Convergence Divergence (MACD) indicator suggests that expected gains to $28,000 may be sustained this time. However, some analysts believe that there is still room for another dip, potentially to $22,000, before a bull market. The crypto market is experiencing shrinking liquidity due to concerns about regulation and the popularity of DeFi and staking platforms.
Coinbase CEO: Decided To Integrate Lightning Network
Coinbase CEO Brian Armstrong announced on social media that they have decided to integrate the Lightning Network. Bitcoin is the most important asset in cryptocurrency, and we are happy to contribute to achieving faster/cheaper bitcoin transactions. The integration will take some time, so please be patient.
Stagnant Bitcoin Price Hinting at Incoming Market Turbulence, Says Bloomberg Strategist
According to Bloomberg Intelligence senior macro strategist Mike McGlone, Bitcoin's recent price movement suggests that economic turbulence is on the horizon. McGlone believes that Bitcoin's bearish divergence against the Nasdaq 100 Stock Index may indicate a forthcoming recession.
Bitcoin's Uncertain Price Action Leaves Traders and Analysts Undecided About Next Moves
Bitcoin's price remains stagnant, leaving traders and analysts uncertain about its future direction. Despite some bullish predictions, there are also many downside price projections. The upcoming week lacks significant macroeconomic data, with the focus on the Federal Reserve. Bitcoin mining difficulty is expected to decrease by 2.4% in its upcoming automated readjustment on September 5th.
Grayscale Accumulates $5 Billion Worth of Ethereum, Nears Launch of Spot Bitcoin ETF
According to a report by Arkham Intelligence, Grayscale has amassed approximately $5 billion worth of Ethereum, making it the second-largest Ethereum entity in the world. Grayscale's Ethereum Trust Fund is one of the top-rated crypto funds in the industry.
Bitcoin Price Recovers After Grayscale's Victory Against SEC, but Technical Indicators Show Weakness
Following Grayscale's victory over the US SEC on Tuesday, Bitcoin's price quickly recovered and surged past $27,500. However, it has since undergone a partial retracement and is currently trading at $27,240. On-chain data shows sustained trading volumes, with a significant resurgence of trader attention on Bitcoin. Large holders in the cryptocurrency space may have had insights about the Grayscale and SEC legal case's result, as wallets holding 10,000 to 10,000 Bitcoin collectively acquired around $388.3 million worth of BTC.
US Presidential Candidate Vivek Ramaswamy Praises Grayscale's Victory Over SEC, Says Decision Will Keep Bitcoin Innovation in the US
Vivek Ramaswamy, a US presidential candidate and pro-Bitcoin Republican, has praised Grayscale's recent victory over the Securities and Exchange Commission (SEC), stating that it will help keep Bitcoin and blockchain innovation in the US. Ramaswamy criticised the "unlawful rogue behaviours" of government agencies and argued that the US courts should serve as a last line of defence to keep cryptocurrency innovators in the country.
Stock Market Has To Collapse Before Bitcoin Comes Back to Life, According to Bloomberg Strategist – Here’s Why
According to Bloomberg Intelligence's senior macro strategist, Mike McGlone, Bitcoin will not experience a resurgence until risk assets such as stocks crash. McGlone notes that Bitcoin typically outperforms when the liquidity pump is on and underperforms when it is off, and currently, the liquidity pump is clearly off.
Bitcoin Surges 6% After US Court Rules in Favor of Grayscale's ETF Conversion Request
Bitcoin experienced a strong rally after a US court ruled that the SEC was wrong in denying Grayscale's request to convert its bitcoin trust into an ETF. Prior to the ruling, nearly 30,000 BTC worth $822 million were moved to addresses tied to centralized exchanges, indicating that some traders anticipated the price boost and prepared for it by moving coins to exchanges.
HashKey Exchange Has Opened BTC/USD, ETH/USD Trading Pair Services to Retail Investors
According to an official announcement, HashKey Exchange has opened up deposit, withdrawal, and trading services for Bitcoin (BTC) and Ethereum (ETH) to retail investors. The exchange has also officially opened BTC/USD and ETH/USD trading pairs for retail investors.
