Bitcoin Financial News

Blue chip cryptocurrencies remain marooned within recent intra-day ranges, with bitcoin (BTC) stuck in the low $29,000s and ether (ETH) in the mid-$1,800s.

With under nine months to go until bitcoin (BTC)’s next halving event, excitement is growing about a potential rally to fresh all-time highs.

Bitcoin (BTC) stayed rangebound at the July 28 Wall Street open despite further United States inflation data beating expectations.

Stellar Lumens (XLM) has enjoyed a strong performance in July, with a total Month-on-Month gain of +60%, emboldening the ranks of long-standing holders.

The Indian Supreme Court on July 27 reprimanded the Union government for the lack of crypto regulations in the country, according to a report in a local media outlet. 

The Kyrgyz Republic, a central Asian state bordering China, is reportedly growing its cryptocurrency mining powers with support of the local government.

The Terra Luna Classic price has fallen by 0.5% in the past 24 hours, with its slip to $0.00008144 also representing a 6% loss in the last seven days.

Cryptocurrency platform Crypto.com acquired a registration approval with De Nederlandsche Bank (DNB), the Dutch central bank, as a crypto services provider.

The price of Cardano (ADA) has dipped by 0.5% in the past 24 hours, with its slippage to $0.309603 coming as the wider cryptocurrency market also wobbles by roughly the same percentage today.

Bitcoin and crypto assets have been around for more than a decade, but there have been increasing efforts recently in terms of regulation and legalization. This is because the spectacular pace of adoption and the rise in market capitalisation of Bitcoin and crypto assets have resulted in them moving from a niche product used by cypherpunks to having a more mainstream presence as instruments for savings and investments. It can often be quite challenging to apply existing regulatory frameworks to crypto assets or developing new ones. For a start, the crypto ecosystem is evolving rapidly and monitoring it can get quite tricky in a global environment with a large number of players Let’s look at some of the legal and regulatory issues that need to be considered: 1. Legal characterization of crypto & taxation Legal characterization of Bitcoin and crypto assets plays a key role in determining how they are likely to be taxed. The main distinction is whether these assets should be defined as a commodity (in which case capital gains rules apply), a currency or given a whole new different category.

In the dynamic world of cryptocurrencies, the price of Bitcoin stands at $29,270, registering a decline of nearly 1% on Friday. 

Crypto fund manager Grayscale is urging the Securities and Exchange Commission (SEC) to approve all proposed spot Bitcoin (BTC) exchange-traded funds (ETFs) at the same time to avoid one having an advantage.

Brazil’s police force has conducted raids on addresses linked with Braiscompany, a suspected crypto pyramid. The firm’s owners have allegedly escaped the country with around $160 million worth of customers’ funds.

The upcoming $2 billion Bitcoin (BTC) monthly options expiry on July 28 could potentially establish $29,500 as a support level. Some argue that the recent U.S. Federal Reserve interest rate increase to 5.25% had a detrimental effect on risk-on assets like cryptocurrencies. However, Bitcoin bulls believe that the full impact of a tighter economic policy takes time to influence the markets.

Bitcoin (BTC) has come under modest sell pressure on Thursday amid a rise in US bond yields and the US Dollar Index (DXY) as a result of stronger-than-expected US economic data.

Amid the release of US GDP growth data, the Bitcoin price is being closely observed, raising questions about the possibility of a recession. 

The US state of Wyoming is seeking to hire an executive director for its new stablecoin project, and the position will pay an annual salary of $150,000, which is $10,000 more than the state’s governor.

It's "Shark Week," the annual television-programming event on Discovery that stars the ocean's apex predators. And perhaps the most famous of these fish — the fictional, man-eating great white from the 1975 thriller «Jaws» — can teach an important money-saving behavioral lesson to investors.

Major blue chip cryptocurrencies for the most part remain within this week’s ranges, with bitcoin (BTC) in the low $29,000s and ether (ETH) in the mid-$1,800s, as traders continue to digest Wednesday’s Fed policy announcement.

The next crypto to explode, BTC20, rivals Pepe coin and bitcoin in Google Trends search terms data, and for many geographies is outperforming both of them as it blasts past $3.4 million in its presale.

Bitcoin (BTC) ate away at the prior day’s gains on July 27 as United States macroeconomic data produced a muted reaction.