English News

(Coin Telegraph)-28/08/2024Bitcoin rallied to $65,000 over the weekend (Aug. 24 to Aug. 25), extending the three-week recovery from the Aug. 5 crash to $49,500. With prices returning to many investors’ comfort zones, traders are probably wondering whether to expect more of the same range trading, consolidation or a range expansion to new highs. Let’s look at a few […]

(Coin Telegraph)-28/08/2024American stock exchange market Nasdaq is reportedly seeking the approval of United States regulators to launch options on a Bitcoin index. On Aug. 27, the exchange operator announced that it wants to have index options on a Bitcoin index to give institutions and traders a different way to hedge their exposure to Bitcoin. Bitwise chief investment officer Matt […]

(Coin Telegraph)-28/08/2024Major global cryptocurrency exchange Binance seized cryptocurrency from Palestinians as per request from Israel, according to sources from a prominent industry executive.Ray Youssef, co-founder of the peer-to-peer (P2P) crypto platform Paxful and CEO at Noones P2P platform, took to X on Aug. 26 to report that Binance confiscated funds from Palestinians upon the Israel Defense Forces […]

(Coin Telegraph)-28/08/2024Multiple French government websites have gone offline in a denial of service (DDoS) attack believed to be linked to a Russian hacker group, according to multiple reports.The affected websites included the Administrative Court of Paris, the French Health Department’s ansm.sante.fr site, and the Court of Cassation’s page. Cointelegraph was unable to access the sites […]

(Coin Telegraph)-28/08/2024Bitcoin is seeing a fresh round of exchange withdrawals as its price action shifts toward $60,000.Data from onchain analytics platform CryptoQuant shows preliminary net outflows of 45,000 Bitcoin from exchanges on Aug. 27.Bitcoin exchanges see major withdrawal spikeBitcoin bulls may have temporarily run out of steam, but behind the scenes, there is already interest in “buying the […]

(Reuters)-21/08/2024Australia’s central bank is set to come under intense pressure to ease policy in coming weeks as government giveaways to alleviate the cost of living pull consumer prices sharply lower, even as core inflation stays stubbornly sticky.Data for July next week will likely show headline inflation diving back into the Reserve Bank of Australia’s (RBA) […]

(Reuters)-21/08/2024Chinese commercial banks’ net profit growth is continuing to slow mainly due to a decline in loan interest rates and narrowing net interest margin, a National Financial Regulatory Administration (NFRA) official said on Wednesday.The average interest rate of new issued corporate loans in the first seven months this year fell by 39 basis points compared […]

(Crypto News)-21/08/2024Turkey’s cryptocurrency market is heating up as major players, including Coinbase and KuCoin, vie for business licenses in the country.The wave of new applications comes after recent regulatory changes introduced by the Turkish Capital Markets Board (CMB), which requires crypto companies eager to establish operations in the country to apply for licenses.On August 9, […]

(Coin Telegraph)-21/08/2024Bitcoin’s price closed below its 200-day exponential moving average (EMA) for the second week in a row, but over the past 24 hours, it has rebounded above $60,000. Several charts indicate that long-term holders remain unfazed by the current price action. Is a bullish breakout possible after August?Bitcoin long-term holder realized cap hits $3 […]

(Coin Telegraph)-21/08/2024China’s supreme court and public prosecutor have revised their interpretation of the country’s Anti-Money Laundering (AML) laws to recognize “virtual asset” transactions for the first time.The country adopted its existing AML law on Jan. 1, 2007, making the latest revision its first significant update in almost two decades.In an Aug. 19 conference, the Supreme People’s Court and […]

(Coin Telegraph)-21/08/2024The Hong Kong Monetary Authority (HKMA) has issued guiding principles for generative artificial intelligence use in consumer-facing applications to safeguard end-users. The HKMA, Hong Kong’s central banking institution, introduced reforms to its preexisting four pillars of guidance on the use of generative AI in a circular issued to authorized institutions mainly comprised of banks.The new […]

(Coin Telegraph)-14/08/2024Bitcoin’s price dropped by over 25% during the Aug. 5 global market rout. However, emerging signals suggest that this decline could be a bear trap, and the price may return to its course toward a new record high in 2024.Bitcoin downward momentum weakeningThe Bitcoin price shows signs of bullish divergence on the weekly charts.More specifically, BTC’s price […]

(Coin Telegraph)-14/08/2024Bitcoin may need a matter of months to stage a rebound and follow gold, one analyst argues.In an X post on Aug. 13, Charles Edwards, the founder of quantitative Bitcoin and digital asset fund Capriole Investments, said BTC price action still looks “promising.”“Rough rule of thumb” sees Bitcoin lagging goldBitcoin has disappointed on a macro level in recent […]

(Coin Telegraph)-14/08/2024The cryptocurrency and blockchain advocacy organization Texas Blockchain Council (TBC) announced it endorsed incumbent Ted Cruz for reelection in the United States Senate.In an Aug. 12 X post, president Lee Bratcher said the TBC would endorse the junior senator as Cruz addressed a crowd at a Core Scientific mining facility in Denton, Texas. Bratcher hinted the […]

(Coin Telegraph)-14/08/2024Multinational banking and financial services company DBS Bank collaborated with digital payment provider Ant International on a new blockchain-based treasury and liquidity management solution. On Aug. 13, DBS Bank announced the pilot launch of DBS Treasury Tokens, which Ant International will use for instant and multicurrency treasury and liquidity management.The new DBS Treasury Tokens to […]