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Cryptocurrency News

Location American Cryptocurrency News for 23 August 2021

Bitcoin price tags $50K for first time since May

Coin Telegraph - 23 Aug 2021 05:04
Bitcoin price tags $50K for first time since May Since plunging to the $29,000 range in late June, Bitcoin's price has recovered more than 72%.
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Iran to lift Bitcoin mining ban in September

Coin Telegraph - 23 Aug 2021 13:40
Iran to lift Bitcoin mining ban in September Authorized Bitcoin miners will be able to resume their operations after the electricity preservation policy during the hot summer months.
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Chinese Court Says Crypto is 'Not Protected By Law'

Crypto News - 23 Aug 2021 13:39
Chinese Court Says Crypto is 'Not Protected By Law' In a landmark ruling that could shake China's crypto scene, the Supreme Court of the Shandong province has ruled that cryptocurrency "was not protected by law" after deliberating on a case that involves a potential fraud...
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Here's what traders expect now that Bitcoin price rallied back to $50K Bitcoin is "back in bull market territory" but traders warn that a retest of underlying support levels is bound to occur soon.
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Chinese Court Rules Cryptocurrency Is Not Protected by Law Citing Lack of Legal Status A Chinese high court has issued a public statement affirming that trading or investing in cryptocurrency is not protected by law, citing crypto assets’ lack of legal status in China. Chinese Court States Crypto Not Pro...
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Pro traders are mildly skeptical about Bitcoin's recent return to $50K Bitcoin's price finally recaptured the $50,000 level, but data shows that pro traders are somewhat skeptical for a variety of reasons.
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DeFi protocol BENQI hits $1B TVL days after launching

Coin Telegraph - 23 Aug 2021 22:36
DeFi protocol BENQI hits $1B TVL days after launching Total value locked across DeFi is fast approaching record highs again, suggesting that crypto is in the second leg of its bull market.
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Price analysis 8/23: BTC, ETH, ADA, BNB, XRP, DOGE, DOT, SOL, UNI, BCH Select altcoins are likely to move higher even as Bitcoin price takes a breather after hitting $50,000 for the first time in months.
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4 Privacy Coins See Double-Digit Gains, Stats Show Monero Jumped 58% Higher Over 30 Days While bitcoin and a slew of other crypto assets have seen significant gains during the last month, a number of privacy-centric crypto assets have jumped in value as well. Monero has gained 19.4% over the last week, the t...
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Bloomberg strategist explains why 30-year US bonds have 'bullish implications' for Bitcoin Long-dated US Treasury yields are slumping ahead of the Jackson Hole meeting.
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Crypto, NFT Adoption with Visa, PayPal, Substack, Marvel + More News Get your daily, bite-sized digest of cryptoasset and blockchain-related news - investigating the stories flying under the radar of today's crypto news. NFT news Payments technology company Visa has announced it has bough...
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Multinational Payments Giant Visa Purchases Cryptopunk NFT for $165K in Ether One of the world’s most valuable companies in terms of market capitalization, Visa, has revealed it has purchased a non-fungible token (NFT) from the Cryptopunks collection. Visa’s official news-based Twitter account...
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Bitcoin bullish cross on weekly chart paints $225K BTC price target if history repeats Weekly MACD delivered six-month gains of 450% the last time it flipped into bullish territory.
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Crypto Market Sentiment Finally Re-Enters the Positive Zone After weeks of inching towards it, crypto market sentiment has finally entered the positive zone once again. The average 7-day moving crypto market sentiment score (sentscore) for ten major coins is now 6.08, up from 5.9...
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Upbit reportedly first crypto exchange to file with Korean regulators Upbit is one of South Korea's largest cryptocurrency exchanges alongside Bithumb, Coinone and Korbit -- who are collectively referred to as "The Big Four."
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Hydra Chain Claims Its Spot by Launching a Native DEX Hydra chain, a new Proof of Stake blockchain emerged earlier this year and built by combining the best features of Bitcoin, Ethereum and Qtum chains, announced the launch of its native DEX this week. By taking this step,...
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Upbit is First South Korean Exchange to Apply for Operating Permit Upbit has become the first South Korean crypto exchange to officially apply for an operating license - with the nation's financial regulator confident that "at least one or two" others will follow suit before the end of ...
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Bitcoin and Ethereum Remain Supported, BNB Rallies To USD 500 Bitcoin price started a fresh increase above the USD 48,000 resistance. BTC even surpassed USD 50,000 and tested USD 50,500. It is currently (11:45 UTC) consolidating gains near USD 50,000 with a major support at USD 49,...
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Bitcoin Captures $50K Position, BTC Market Capitalization Nears $1 Trillion The price of bitcoin crossed the $50K zone on Monday, August 23, increasing close to 3% in the last 24 hours. The price has not been at this level in over two months and today, the crypto asset’s market capitalization ...
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Chinese province to cut off Bitcoin miners from hydropower stations After the given deadline, Yingjiang County reportedly plans to "forcibly dismantle" the power supply to Bitcoin mining establishments within its jurisdiction.
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Cardano price eyes $3, but ADA chart fractal hints at a potential 40% correction The ADA/USD exchange rate has moved further into its "overbought" area, suggesting that a trend correction might follow suit.
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Mexico Issues Reminder for Crypto Exchanges to Report Transactions The government of Mexico has issued a reminder for virtual asset service providers (VASPs) about the requirement of reporting cryptocurrency transactions. The issued document states that these institutions must deliver a...
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