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Bitcoin Hits $25K as Bearish Voices Call BTC Price ‘Double Top’
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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.
Data from Cointelegraph Markets Pro and TradingView tracked a sudden run-up on BTC/USD, which hit $25,050 on Bitstamp in a $350 hourly candle.
The move took the pair to a new personal best since June 13, erasing more of the losses seen that day in what remains a significant BTC price correction.
Analyzing the market setup, however, familiar bearish tones remained. Read More
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Ethereum (ETH) continued its bull run and reclaimed the $2,000 level late on Friday night for the first time since May, according to data from CoinMarketCap.
The No. 2 cryptocurrency by market cap was up to $2,014 at the time of writing, up 7% in the past 24 hours and 17% in the past week. It has nearly doubled in the past month. Read More
Tornada Cash Sanctions
Tornado Cash is really useful if you value your privacy… or if you’re trying to conduct illegal (but not necessarily immoral) transactions.
For the latter reason, the US Treasury is slapping sanctions on Tornado Cash this week.
Actually, that’s not technically true. “Tornado Cash” is merely a bunch of open-source smart contracts running on a public blockchain. So the logic of sanctioning a smart contract is akin to sanctioning, say, a pool of water. Read More
Goerli testnet Success
Ethereum’s final test run - the Goerli testnet - is a simulation of the actual Merge next month. Goerli was pulled off successfully this past Wednesday.
BREAKING:
The Ethereum Merge has been scheduled for TTD 58750000000000000000000
This is approximately Sept 15-16th
The Merge is officially scheduled 📆
— bankless.eth (@BanklessHQ)
Aug 11, 2022
Arbitrum Launches Nova
Arbitrum is on a roll lately. They’re launching a major network upgrade (Arbitrum Nitro) at the end of August, relaunching Arbitrum Odyssey, a user adoption campaign that was “too successful”, and today announced the launch of Arbitrum Nova, a wholly new AnyTrust public chain for gaming and social dapps.
A new dawn is upon us🌄
✨Arbitrum Nova is now live and open to the public ✨Nova is a new chain built on the Arbitrum AnyTrust technology and optimized for social and gaming applications that require ultra-low fees and high security
— Arbitrum (@arbitrum)
Aug 9, 2022
Analytical Data
🚀 Number of 'Whale Addresses' with More than 10K Bitcoin is Going Up.
Ukraine and Russia are the Top 2 Countries in Bitcoin and Crypto Ownership Worldwide by Share of Population - United Nations Report.
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