Bitcoin Financial News

South Africa’s Financial Sector Conduct Authority (FSCA) has mandated that all crypto exchanges register and obtain operational licenses by the end of 2023. 

cryptocurrency markets were majorly trading in the red in Thursday's trade amid rising concerns of further policy tightening by the US Federal Reserve. Bitcoin (BTC) declined 0.57% to $30,631, whereas Ethereum (ETH) was just above the $1,900 level. BTC volume stood at approximately $12.97 billion, rising 18% in the last 24 hours. «After the release of the FOMC minutes, Bitcoin saw a decline in its value. However, positive remarks from the CEO of BlackRock prevented further losses, and the cryptocurrency remained stable,» Edul Patel, Co-founder and CEO at Mudrex, said. Meanwhile, CoinDCX Research Team stated, «Bitcoin is holding above the $30,500 levels after the market is awaiting a decision from the Securities and Exchange Commission (SEC) on refiling for the spot Bitcoin exchange-traded fund (ETF).»

Bitcoin consolidated at $30,000 throughout the past week. It currently remains near the strong resistance level of $31,000, with neither bulls or bears taking control in the larger time frame. To gain momentum, buyers must restore the rate to the $31,200 zone, potentially leading to a breakout above the $31,458 resistance level. This indicates that the bulls are not rushing to secure profits, as they expect further upward movement. Bulls have shown increased interest in Bitcoin recently, driven by the positive investor sentiment, which has been fueled by notable financial institutions such as BlockRock, Fidelity, Invesco, and WisdomTree filing for Bitcoin ETFs. However, the US Securities and Exchange Commission (SEC) said these filings were inadequate last Friday, citing a lack of clarity and the need for additional information before reconsidering approval. Despite this news, BTC has maintained a positive stance well above the $30,000 level. BTC's support level currently stands at $29,500. This week will feature significant economic events in the US, including the release of the FOMC minutes for June on Wednesday, the job openings report on Thursday, and new employment numbers on Friday, which may introduce some market volatility. Meanwhile, Ethereum is trading in close proximity to the $2,000 level. Its price has gained momentum above $1,920, with immediate resistance found near $1,960 and then $2,000. Failing to surpass these resistance levels could initiate a downward correction. The current support level for Ethereum rests at $1,930.

Binance, the world's largest cryptocurrency exchange, and its U.S. affiliate have shrank this year, as they battle an onslaught of regulatory crackdowns. Last month, Binance was hit by a lawsuit by the U.S. Securities and Exchange Commission for allegedly breaching the regulator's rules, pushing its global market share to 52% from 60% at the start of the year, according to data firm Kaiko. Binance had begun to cede market share in March after its move to end zero-fees transactions for some trading pairs, said Dessislava Aubert, an analyst at Kaiko. «Binance's market share has gone to a variety of exchanges with Bybit and OKX faring best,» Aubert said.

Binance CEO Changpeng Zhao has delivered his prediction for the next Bitcoin (BTC) bull market.

Bitcoin (BTC) price is currently trading at $30,450, unable to break above the psychological level of $31,000. 

Bitcoin (BTC) miners made a lofty $184 million from transaction fees in the second quarter, far more than what they pocketed over the entire 2022 — as Bitcoin’s price surged and BRC-20 tokens flourished.

The Brazilian Central Bank has uploaded a large collection of central bank digital currency (CBDC)-related documents to GitHub – as the nation edges closer to a digital real rollout.

Larry Fink, the CEO of BlackRock, has delivered pro-crypto remarks amid the asset manager applying to list a spot Bitcoin exchange-traded fund (ETF) in the United States.

Bitcoin continues to trade near $31,000, making it an important resistance level to watch out for in the short term. Some analysts believe the current consolidation could result in an upside breakout in Bitcoin.

Calgary police are warning the public about a cryptocurrency scam that involves scammers who are posing as officers.

The combined spot and derivatives trading volume on centralized exchanges (CEXs) climbed 14.2% in June to $2.71 trillion, according to CCData's monthly exchange report. Binance, Binance.US, and Coinbase all saw their market share decline in the past month.

Denmark’s Financial Supervisory Authority (FSA) has directed Saxo Bank, a Copenhagen-based multi-asset broker, to dump its cryptocurrency holdings.

The recent resurgence in the crypto market, triggered by BlackRock's unexpected filing for a spot Bitcoin exchange-traded fund (ETF), has led to a significant increase in inflows into ProShares' Bitcoin futures-based ETF.

Crypto markets are seeing a modest pullback ahead of the release of the minutes from the US Federal Reserves' most recent policy meeting last month.

The crypto derivatives exchange Bitget has launched a new crypto lending program that will let users stake their own coins in exchange for loans in another.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Binance, the world's largest cryptocurrency exchange, and its US affiliate have shrank this year, as they battle an onslaught of regulatory crackdowns. Last month, Binance was hit by a lawsuit by the US Securities and Exchange Commission for allegedly breaching the regulator's rules, pushing its global market share to 52% from 60% at the start of the year, according to data firm Kaiko.

There is a common belief that when the U.S. dollar declines relative to other main global currencies, as measured by the Dollar Strength Index (DXY), the impact on Bitcoin (BTC) is positive, and vice versa.

Bhutan, a South Asian kingdom nested in the Himalayan mountains, has recently revealed a secret that stunned the international financial market: the country has been quietly mining crypto for years without telling a soul - including its own citizens.

Bitcoin (BTC) miners emit a lot of heat.