BTC Technical Analysis: Bitcoin Grows Within Channel Teasing A Jump

BTC price action shows a bullish growth within a rising channel pattern teasing a price jump to the overhead resistance at $25,335. Key technical points:  The Bitcoin(BTC) price sustains above the support trendline and prepares for a bull cycle. The bullish reversal rally within the channel will reach the next bearish milestone at $25,335. With …

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Breaking: Here’s When Vitalik Buterin Thinks Ethereum (ETH) Merge To Priced-In

Ethereum co-founder Vitalik Buterin on Monday said the next 10 years will transform Ethereum (ETH) and the whole crypto industry. The Merge will push for crypto payments adoption and new use cases as transaction fees will drop below $0.05 due to scaling and improved efficiency. Merge Will Bring Back Crypto Payments and Usefulness: Vitalik Buterin …

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Dozen Crypto Companies Await Portugal License Despite Bank Account Closures

The central bank of Portugal is now reviewing 12 requests from businesses that want to provide crypto-related services in the country. The applications are pending decision amid recent reports that some commercial banks are closing accounts of already approved operators. Binance Among Cryptocurrency Platforms Seeking Authorization in Portugal Portugal’s monetary authority is currently evaluating requests …

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DeFi market has room for growth in Korea: 1inch co-founder — KBW 2022

Decentralized-finance (DeFi) aggregator 1inch Network has revealed plans to expand within the Asian market, according to its co-founder Sergej Kunz. Speaking to Cointelegraph during Korean Blockchain Week (KBW) 2022 on Aug. 8, Kunz said that despite the DeFi market being relatively small in Korea and Asia, there are a number of Asia-based Web3 companies that …

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In Chile, People Are Turning to $USDT and $USDC to Hedge Against Inflation and Peso Devaluation

Citizens of Chile, home to one of Latin America’s most stable economies over the last several decades, are turning to stablecoins to weather a potential economic slump. According to a report by CoinDesk, Chileans are using popular stablecoins as protection against inflation that is threatening the country and contributing to a global trend. The report …

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Markets: Bitcoin, Ethereum rise in broad gains; Solana jumps; BNB adds to surge

Bitcoin and Ethereum rose in broad-based gains in cryptocurrencies that drove all other tokens higher in the top 10 list by market capitalization in afternoon trading in Asia on Monday. Fast facts Bitcoin, the world’s largest cryptocurrency, added 3.3% in the 24 hours to 3:30 p.m. in Hong Kong to change hands at US$23,786. Ethereum …

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Crypto.com deals pave way to South Korea licenses

Crypto wallet firm Crypto.com has obtained two licenses in South Korea through the purchase of two local startups. The company secured the licenses through the acquisition of PnLink and OK-BIT, according to a press release issued today. PnLink is a payments service provider, OK-BIT a virtual asset service provider. The deals give Crypto.com Electronic Financial …

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Blockchain is needed for metaverse interoperability: Klaytn

Sam Sangmin Seo, founder and head of The Klaytn Foundation, says blockchain technology plays a crucial part in metaverse technology, for it provides interoperability between different metaverses. Fast facts “Blockchain can provide means to implement virtual economy in the metaverse,” Seo said. “But this is not everything. Blockchain is needed to communicate between different metaverses, …

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Doge Founder Says No One Knows Why Dogecoin Is Beating The Market?, Outperforming BTC, ETH, and SOL

Dogecoin Co-Creator Billy Marcus Can’t Explain Why DOGE Outperformed Bitcoin, Ethereum, and Solana In the Past 24 Hours. Billy Marcus is inquisitive about why Dogecoin traded higher than other cryptocurrencies. The world’s largest meme-based cryptocurrency, Dogecoin (DOGE), had an outstanding performance yesterday amid the slight turbulence that has rocked the crypto market in the last …

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Contagion: Genesis faces huge losses, BlockFi’s $1B loan, Celsius’s risky model

It’s been another day of watching the ripples of contagion spread through the crypto market. With Three Arrows Capital being ordered into liquidation by a British court, details have also emerged today of BlockFi liquidating a $1B loan to 3AC, and the fallout from the insolvency was partly to blame for lending firm and market …

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