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BTC is back above $48K after an abrupt breakdown of bullish trajectory saw the king coin shed up to $1,500 in a matter of hours on Aug 25. The world’s first cryptocurrency regained lost ground as quickly as it had slumped. Now, changing hands for $48, 642.  That impressive rebound is likely attributable to bullish news from Bloomberg analysts. Some of them predict that the US Securities and Exchange Commission (SEC) could launch a Bitcoin ETF soon. In a Tuesday…

Crypto industry advocates faced a significant setback on Aug 24 as the US House Rules Committee blocked attempts to reverse the controversial crypto tax provisions. The rules add to Biden's $1 trillion infrastructure plan despite facing pushback from some lobbyists. House Speaker Nancy Pelosi has now decided to take the bill to the floor for a vote by Sep 27. The committee doesn't want any compromising alterations to the stringent crypto tax rules. Crypto proponents oppose the passing of the…

A report from CNBC suggests the Coinbase exchange allegedly neglected its customers' queries on unmonitored account takeovers. CNBC held several interviews with the exchange's customers, who claimed money vanished from their accounts, and Coinbase didn't explain why. A pattern came out where cybercriminals took over Coinbase accounts, and there was minimal or no response from the network's customer service. Coinbase Users Raise a Cause for Alarm Tanja Vidovic witnessed the draining of $168,000 from her crypto account after someone gained…

GamblersPick talked to 1,000 US investors recently on their crypto holdings, how they finance their portfolios and maintain their investments. The survey shows a third of the number consulted Reddit before making their crypto investments. Out of the total number, 35% admitted to having dived into crypto via Elon Musk’s influence. The Influence of Reddit According to survey outcomes, crypto enthusiasts have made funding calls after consulting Reddit. More so, over a 3rd of crypto holders reported getting information there. …

Recent data suggests that Bitcoin’s network has approximately 88,365,209 addresses. This figure accounts for the period between January and June 2021. So, in the six months, users created almost 488,206 addresses daily. Is Crypto Adoption Now Mainstream? According to the data, June 2021 had the lowest number of addresses created, while January records the highest. Users in January 2021 made 551,132 addresses, while June had 370,269 addresses created daily. The monthly figure equates to 17,085,095 addresses made in January 2021…

Bitcoin seems to be on a downtrend today after breaking out past its long-term resistance yesterday. Ethereum, Cardano, Binance Coin, and others in the crypto market seem to follow a similar course. Bitcoin Price Analysis On Tuesday 24th, Bitcoin was in a continuous downtrend which began in late 23rd, after bitcoin broke out past $50.5k. Coinmarketcap information shows that this coin has reduced by 2.72% in the past 24 hours. BTC is currently trading at $48.2k, a deep drop from…

Nickel Digital’s recent survey suggests Institutions in the UK have plans to expand their crypto investments. According to the firm, half of the companies in the survey are ready to increase their crypto-asset tallies by 2023. Out of the 23 companies in the discussion, six stated that they would boost their investments in cryptocurrencies. The Tale of Crypto Adoption Nickel Digital places the UK as a hotspot for institutional crypto investments. The firm believes a country is a good place for hedge…

On Monday, August 23, El Salvador President Nayib Bukele announced that the Bitcoin tender law would launch on September 7. He said it is not a must for individuals to use bitcoin. Furthermore, he confirmed financial institutions would convert BTC payments to dollars. He explained to his 2.8 million Twitter followers that people are at free will to accept BTC or not. Bukele wrote that whoever wants to continue to carry cash may not receive a sign-on bonus. Also, they…

Monero coin has made a price increase of about 20% soon after implementing the atomic Swap. The Atomic Swap will help ease the cross-chain interactions between Monero and Bitcoin chains. The recent bull could lead Monero to the predicted value of $460 by the end year.  Monero Price Analysis Monero, the most significant privacy coin, has been posting high price surges, especially in the past seven days, starting Friday the 20th. On Friday, Monero was merely trading at $261, but…