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Bitcoin’s positive price actions on Friday evening continued in the past 12 hours or so and the asset touched $65,000 for the first time since August 3. Several altcoins have produced impressive gains as well within the same timeframe, with SATS surging by 25%, followed by FET (19%), and SUI (15%). BTC on the $65K Road The end of this business week was quite different than the previous one when BTC slumped to $56,000 on Thursday but managed to recover some ground on Friday and during the weekend. However, Monday…

Stablecoin issuer Tether has helped over 145 law enforcement agencies recover more than $108.8 million USDT linked to illegal activities since its launch in 2014, according to a recent statement. “Tether remains resolute in its mission to support global law enforcement efforts in combating illicit uses of cryptocurrency,” Tether CEO Paolo Ardoini wrote in an Aug. 23 statement. Ardoini claimed that Tether is “fully dedicated” to continue collaborating with law enforcement to combat fraud. “We unequivocally condemn the misuse of USDT or any cryptocurrency for criminal activities.” Since its launch,…

Former Binance CEO Changpeng ‘CZ’ Zhao has been transferred from FCI Lompoc II to the RRM Long Beach halfway house in California, sparking confusion among X users who mistakenly believed he had been released. Despite the change in his location, CZ remains incarcerated. The RRM Long Beach facility, categorized as a ‘residential reentry management (RRM) field office,’ is designed to assist inmates nearing their release but does not equate to a full release. InmateAID – which is a Federal inmate communications provider – describes this facility as one with voluntary…

India-based cryptocurrency exchange WazirX has set up a timeline to reintroduce withdrawals following a hack that caused the loss of $234 million in investor funds. In an Aug. 23 notice, WazirX said the suspension of withdrawals for user balances in Indian rupees (INR) would be lifted in phases starting on Aug. 26. Setting a withdrawal limit of 66% of users’ INR funds, the exchange said its customers would be able to remove up to half the limit from Aug. 26 to Sept. 8, and the remainder from Sept. 9 to…

[PRESS RELEASE – New York City, New York, August 23rd, 2024] PlayFi, an AI-powered data network and blockchain tailored for the live content industry, announces its Genesis Node Sale sold out in under 24 hours. The sale, which took place on August 14, 2024, was a necessity to power its network strength and growth, after seeing over 70K transactions in just one week. The exclusive, small-batch offering consisted of 1,000 nodes priced at $400. The quick sell out signals promise of an eager community and anticipation for PlayFi’s network, which…

The average transaction fee of Bitcoin (BTC) surged 937.7% — from $0.74 to $7.679 — per transaction on Aug. 22, primarily driven by increased network demand. Since July, the average transaction fees for Bitcoin have remained relatively stable, comfortably trending under the $2 mark. On Aug. 18, the fees reached historic lows of $0.558. While low costs make it more feasible for the general public to transfer Bitcoin, it may hurt miner’s revenue. The Bitcoin network charges a fee on every BTC transfer to pay miners for authenticating transactions. However,…

Fundstrat Head of Research Tom Lee believes hopes of a Trump election victory in November could boost asset prices – and that includes Bitcoin. “When the market becomes more convinced of that, you’ll see cyclicals, small caps, and bitcoin do better,” he told CNBC on Thursday, “because those are clear policy differences.” The Bitcoin Trump Trade According to Lee, the market currently believes that Trump has a higher likelihood of winning than the polls are showing, and it views this as a good thing. FiveThirtyEight currently has Democratic Party nominee…

On Aug. 21, reports broke that an aide to Kamala Harris’ campaign said the Democratic nominee would “support policies that ensure that emerging technologies and that sort of industry can continue to grow,” referring to the crypto industry.  Though seemingly light on substantive policy, the reported move could signal a shift from the Harris campaign, which has previously stayed silent on digital assets. The aide who spoke to Bloomberg at the Democratic National Convention (DNC) was Brian Nelson, who left his position as the Department of the Treasury’s Under Secretary…

Tron is currently seeing historic levels of trader interest on the backdrop of a newly launched meme coin deployer and price pump. According to Santiment, TRX has emerged as the top trending asset in the crypto market, fueled by the debut of – SunPump – on August 12th. Tron’s Meme Coin Boom Since the launch, over 7,000 new coins have been created, helping to fuel the interest in the blockchain’s native token. As a result, TRX’s market price soared by 22%, which briefly neared $0.17. This surge has sparked long-term…

Bitcoin’s (BTC) price recovered by 3.62% on Aug. 21, but it currently faces overhead resistance at $61,700. Meanwhile, the BTC fear and greed index also increased over the past day, jumping from 26 to 39, indicating that investors are turning slightly bullish.  Regardless, Bitcoin has struggled to break away from the current range between $62,000 and $57,500, but why? Bitcoin price stuck between liquidation clusters The bulls expects to turn $60K into support, but since Aug. 8, BTC has chopped around this level without confirming a trend direction in the…