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The bullish consolidation for Bitcoin above $30,000 continues to pile on. The longer it maintains a higher position, the further its positive sentiment improves. It seems like a matter of time before BTC registers a new yearly high of around $35,000. According to Coinshares , major BTC products are also experiencing bullish-bias activity. The report indicated that most institutional investors have been focusing on BTC over the past two weeks. Over $300 million in inflows were registered for the investment products. James Butterfill, Coinshares ’ Head of Research, also highlighted minor inflows for certain altcoins. Ethereum, Cardano, and Polygon led inflows but the primary focus remains Bitcoin. Also Read: Bitcoin Is No Longer 1st Choice For Cyber Criminals: Report Is there any confirmation of the Bitcoin Accumulation Trend? While it is always difficult to pinpoint which large-scale players have their hand in the honeypot, the following chart may help. Source: CryptoQu

BTC price action is all about the 200-day moving average into the monthly close, with opinions on the outlook increasingly polarized. Bitcoin (BTC) is retaining this week’s gains, with some trader s doubling down on their bullish BTC price bets. BTC/USD 1-hour chart with 200-day EMA. Source: TradingView Trader: Bitcoin price may have bottomed A key moving average is buoying low-timeframe BTC price action, which continues to preserve $27,000, data from Cointelegraph Markets Pro and TradingView shows. Bitcoin may have retraced from its local highs above $28,000, but bears have not yet sparked a full retrace of the move. For some, this is increasingly positive news, as BTC/USD is now successfully holding a long-term trend line lost as support earlier in August. This comes in the form of the 200-day exponential moving average (EMA), currently at $27,180. Some hourly candles closing below into Aug. 31 were not enough to spark a more significant breakdown, and Bitcoin is tightly hugging

Arkham Intelligence said the wallet contains approximately $2.54 billion worth of ETH under custody for user balances. Crypto analytics platform Arkham Intelligence has revealed financial services company and crypto trading platform Robinhood as a leading holder of Ether (ETH) and the owner of the fifth -largest ETH wallet, which contains about $2.54 billion of the cryptocurrency. Arkham stated on X (formerly Twitter) that its recognition of Robinhood possessing the third -largest Bitcoin wallet garnered significant attention. However, it said less attention has been paid to its identification of Robinhood as the holder of the fifth -largest ETH wallet. In a separate update, Arkham emphasized that these funds are user balances under custody. The largest Bitcoin (BTC) wallets in the world, according to BitInfoCharts, are reportedly owned by Binance and Bitfinex. Our identification of Robinhood as the owner of the third-largest Bitcoin wallet was widely covered. But most coverage

Coinbase Victory Against the US SEC A three-judge panel for the DC Circuit Court of Appeals sided with Grayscale Investments after the U.S. SEC failed to give reasoning for their denial of spot Bitcoin ETFs. Neither the SEC nor Gary Gensler is able to provide clarity on whether or which cryptocurrencies are securities, indicating a lack of clarity regarding crypto. advertisement Pro-XRP lawyer John Deaton takes a jibe at the SEC and Gary Gensler for defeat against Grayscale, saying “Hey Gary Gensler how’s that Regulation by Enforcement policy going for you?” He also agreed totally with analyst Scott Melker “The Wolf of All Streets” that Coinbase will annihilate the SEC in its lawsuit. Also, Gary Gensler will prove to be the worst commissioner of all time. Coinbase is going to absolutely annihilate the SEC and Gary Gensler will be looked back upon as the worst commissioner of all time. And all will be well. Recommended Articles

In the final moments of the trading session on Tuesday, Aug.29, the value of COIN stood at $85.13 per share, a jump of 15% over the previous day's close. Coinbase's stock experienced a significant surge on Aug. 29 after reports emerged that a federal judge had ruled in favor of Grayscale in their SEC legal dispute. In the final moments of the trading session on Tuesday, Aug.29, the value of COIN stood at $85.13 per share, marking an increase of over 15% over the previous day's close. Coinbase, the largest cryptocurrency exchange in the United States, has been publicly listed on the Nasdaq since 2021. On Aug. 29, a federal court ruled that the U.S. Securities and Exchange Commission did not provide a consistent justification for rejecting Grayscale's request to transform its Bitcoin Trust into a traditional Bitcoin ETF. Screenshot showing Coinbase stock price increase. Source: Coinbase The verdict, perceived as a victory for the cryptocurrency sector by investors,

Also Read: Bloomberg Analysts Up U.S. Spot Bitcoin ETF Approval Odds To 75% advertisement In the interview, Sonnenshien mentions the unanimous voting by all three judges who  ruled in favor of Grayscale ‘s ETF and that the SEC must vacate its denial order on the Spot ETF. The CEO was open to mentioning how the legal battle started and how Grayscale took the SEC to court. In the interview, Sonnenshien says how the SEC would violate its mandate and also talks about the future plans of Grayscale. What Caused Grayscale To File A Case Against The SEC? Last June, Grayscale decided to convert its Bitcoin Trust GBTC into an ETF and filed an application for the same with the SEC. When the SEC declined the application, Grayscale chose to take the legal route by seeking help from the Judicial system of the United States. After going through several briefs and arguments to reach a consensus, it took over a year of strenuous legal battle with the SEC for relief. The judges v

After Florida, another state doesn’t want to use or try CBDCs. The North Carolina House of Representatives passed unanimously in favor of a bill that would stop government agencies from taking Central Bank Digital Currencies (CBDCs). The bill comes after many Republicans and some Democrats spoke out against CBDCs. North Carolina says no to CBDCs On May 3, 118 members of the House decided to pass House Bill 690. Only two members didn’t vote at all, and no one voted against it. Along with making it illegal to accept CBDC, the bill would also make it illegal for the state to take part in Federal Reserve branch tests of a possible CBDC. In April, the House was given a bill called “AN ACT TO PROHIBIT PAYMENTS IN CRYPTOCURRENCY TO THE STATE,” but on May 2, the word “cryptocurrency” was changed to “central bank digital currency.” The latter is described as “a digital currency, digital medium of exchange, or digital monetary unit of account issued by the US Fed

Also Read: XRP And Cardano Records Buying Amid Largest Crypto Funds Outflow advertisement X Crypto License: What Next With the license approval in Rhode Island, the platform will be able to legally offer cryptocurrency wallet services. X users will now be able to store, send, and receive various cryptocurrencies, which could turn out to be a game changing move in the platform’s payments space. This move would also help introduce cryptocurrencies to a broader audience, and effectively expand the Crypto Market to new users. Interestingly, it remains to be seen how Dogecoin (DOGE) would fit in in the Twitter crypto wallet plans considering that the memecoin has a history of Tweet mentions from Elon Musk. Many a time in the past, the DOGE price would grew sharply when Musk mentioned something about the crypto token. Elon Musk & The Everything App The crypto wallet launch plans could also help Musk expand the platform into other financial services tha

Also Read: Terra And Do Kwon Cite XRP Ruling As Precedent To Dismiss US SEC Lawsuit advertisement The FTX collapse had a blanket effect on cryptocurrency prices for over a month’s time in the last quarter of 2022, as retail and institutional investors lost millions of dollars in investments. Ellison reportedly wrote in her personal notes three months before the collapse that she was “unhappy and overwhelmed” with her job as Alameda CEO. Caroline Ellison’s Personal Notes The FTX management is currently fighting several lawsuits across the world over allegations of fund mismanagement. As part of the ongoing trial of Sam Bankman-Fried , prosecutors have accessed documents and notes belonging to Ellison. According to The New York Times report, the Alameda CEO felt like going home and turning off her phone to escape from the drama around FTX and Alameda Research. Ellison reportedly wrote in an online note: “I have been feeling pretty unhappy and overwhelmed

Robinhood , a notable trading platform, is now the third-largest Bitcoin holder, with more than $3 billion worth of BTC in one single wallet. Indeed, Arkham Intelligence data now displays the platform as only behind Binance and Bitfiniex in terms of holdings. Those exchanges maintain $6.4 million and $4.3 billion worth of BTC, respectively.  The data from Arkham notes that the single wallet had notably increased its holdings over the last several months. Subsequently, the wallet is connected to the trading platform, making Robinhood a unique company as one of the largest holders of this prominent asset.  Source: Pixabay Also Read: Robinhood Now Holds 20 Trillion Shiba Inu (SHIB) Robinhood is the third largest Bitcoin Holder Behind Only Binance and Bitfinex. Over the last three months, investment and trading platform Robinhood has seemingly been focused on accumulating the most prominent digital asset. Moreover, in that timeframe, they have grown to become one of the large

Russian ruble use on Binance P2P has been restricted to Russian citizens who live in the country. Crypto currency exchange Binance continues introducing more restrictions for Russian customers on its peer-to-peer (P2P) trading platform. Binance P2P has banned Russian residents from using fiat currencies other than the Russian ruble, Binance announced on its Telegram channel on Aug. 27. Binance’s Russian clients residing outside the country have also been banned from using currencies like the ruble, the euro, the United States dollar and the Ukrainian hryvnia. In order to use the Russian ruble on Binance P2P, users must have Russian Know Your Customer (KYC) verification and reside in Russia at the same time, the exchange stated. “We apologize for the inconvenience. If you have any questions or need assistance regarding this update, please contact Binance Customer Support,” Binance stated. The announcement has brought some attention from Binance’s Russian users, with the Telegram pos

Aug 27, 2023 at 10:45 // Price Author Coin Idol The latest price Analysis by Coinidol.com report, Ethereum price (ETH) is falling as buyers failed to keep the price above the $1,700 resistance level. Long-term analysis of the Ethereum price: bearish After the rally on August 17, buyers have been desperately trying to break through the $1,700 resistance. If the current resistance is broken, Ether will resume its uptrend. However, Ether is encountering resistance near its recent high. As a result, the altcoin is sliding and could fall below the current sup

Filbfilb analyzes Bitcoin’s halving pattern to predict an explosive Q4 for BTC price action. The familiar Bitcoin halving cycle has turned heads again, hinting at a significant shift in BTC price behavior as the final quarter of 2023 approaches. With industry experts closely monitoring the trend, many smart investors are taking advantage of the situation, positioning themselves for a notable surge in value. Bitcoin’s price seems destined to remain rangebound until at least the fourth quarter of 2023, a prediction made by Filbfilb, an esteemed market analyst and co-founder of the crypto analytics platform Decentrader. As revealed in a thread on X (previously known as Twitter), Filbfilb advised his followers that they should brace for stagnation in BTC price leading into the year’s end. This advice comes despite a bullish 70% gain for Bitcoin in Q1. The Macro backdrop is obviously much different this cycle to that of prior cycles, but nevertheless, let's look at the Bitcoin c

A captain from Brussels took his passion for sailing and Bitcoin and set sail on his Sato Boat painting with a giant orange “B” to promote the cryptocurrency across the seas. There are some passions that are larger than life, some so expansive that they cover the seven seas. For Rémi, a captain from Brussels, this is the case.  Rémi discovered Bitcoin (BTC) in early 2021 and has been on a mission to combine this with his longtime love of sailing. Cointelegraph reporter Joe Hall met up with Rémi on his vessel which he calls the Sato Boat -short for Satoshi- to hear more about his nautical endeavors. Sato Boat's sail with a massive Bitcoin logo painted on it. Source: Cointelegraph He commented on his lifestyle by saying:  “I am choosing to live out my two passions. One, the oldest one, is sailing, and the new one is Bitcoin. So I created this project by combining these two domains.” The Sato Boat captain explained that since spending an entire day painting a giant Bitcoin B on the