Bitcoin Financial News

Over the last five months, Iran has seized more than 9,400 cryptocurrency mining equipments, while also dealing with power outages over the summer.

Bitcoin just entered the sixth day of relatively low activity while hovering within a 9-week ascending support line. Its current performance underscores the increased state of uncertainty especially after the bearish performance it delivered last week.

Bitcoin has been controversial since its beginning in 2009, as have the subsequent cryptocurrencies that followed in its wake.

Bitcoin [BTC], the largest cryptocurrency, hasn’t been able to climb up the price ladder despite showcasing recovery signs. Still, there is uncertainty regarding the sector’s future as the crypto market bottomed nearly 74% from its top gains (YTD).

 

In this week's episode of Market Talks, we welcome professional trader Charlie Burton.

Ethereum co-founder Vitalik Buterin recently tweeted that cryptocurrency payments are superior because of censorship resistance and convenience. This change has given a significant boost to international businesses, charities, and payments within countries, he added.

 

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

Bitcoin (BTC) inched closer to $22,000 on Aug. 25 as realized price provided the next major hurdle for bulls.

Bitcoin Depot, a major cryptocurrency ATM provider in the United States, is planning to go public through a merger with a special-purpose acquisition company (SPAC).

 

Bitcoin price started a minor recovery wave above the USD 21,500 level. BTC was able to clear the USD 21,650 resistance zone. It even spiked towards USD 21,900 and is currently (11:20 UTC) struggling to continue higher.

Following United States President Joe Biden's announcement of a student loan forgiveness plan that aims to cancel the debt of up to $20,000 for millions of Americans, a Bitcoin (BTC) supporter proposed an alternative method to pay off the loans. 

American cryptocurrency exchange Coinbase aims to grow revenue from subscriptions in the long term to combat potential profit margin compression.

crypto market in India, which attracted a big chunk of new and amateur investors in 2021, is suffering from a lack of trading volumes in 2022 due to a number of factors. The government implemented 30 per cent flat taxation in gains from the sale of crypto assets from April 1, 2022, and levied one per cent TDS on all crypto transactions since July 1, 2022. Market participants believe that despite a panic among the crypto investors, the froth has settled, and high tax rates are now sinking in among the traders. However, the unwillingness may not end anytime soon. Punit Agarwal, Founder and CEO, KoinX, said that the taxation framework was not something that a crypto investor in India was expecting. For the trader that works on small percentage margins, the TDS has been reducing the volume of the funds.

The number of crypto investors in Ireland has decreased slightly in the past year, or so it appears according to recent data from Finder.com. 

Cryptocurrency adoption in Russia has not been moving too fast as an overwhelming majority of Russians have apparently not ever bought crypto, according to a new survey.

British Columbia, Canada-based Spirit Blockchain Capital Inc. (Spirit), which focuses on blockchain and digital assets, announced that it has received listing approval from the Canadian Securities Exchange («CSE»).

Graphics card giant Nvidia CFO Colette Kress says the company has been unable to estimate reduced crypto mining demand impacted its Q2 results, which fell short of analyst expectations on Wednesday. 

Bitcoin Cash [BCH] has turned out to be one of the best cryptocurrencies that one could have bought during the weekend.