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Bitcoin has undergone a bullish retracement over the past month, successfully surpassing several key resistance levels. However, the price has now approached a critical resistance zone defined by the 100—and 200-day moving averages. The behavior in this area will be pivotal in determining Bitcoin’s overall trajectory. Bitcoin Price Analysis: Technicals By Shayan The Daily Chart A detailed examination of Bitcoin’s daily chart reveals a notable increase in buying activity, as the price has experienced a period of bullish retracement, reclaiming multiple key resistance levels. However, after a significant 32% rise,…

Women perceive crypto as one of the most unattractive hobbies a man can have, even more so than watching anime, cosplaying or reading comic books, according to a recent survey. Crypto was seen as the ninth-most unattractive hobby for males, the Aug. 24 survey by the Date Psychology blog found, which was a convenience sample of 814 people, 48% of which were female. The authors noted that based on past surveys, their sample population disproportionately includes women of “high social status,” with a high level of education and who are…

A former Kansas bank executive was sentenced to 293 months in federal prison for embezzling $47.1 million in a cryptocurrency fraud scheme that led to the collapse of Heartland Tri-State Bank (HTSB). Shan Hanes, 53, the former CEO of HTSB, pleaded guilty to one count of embezzlement by a bank officer. $47M Crypto Fraud Court documents revealed that Hanes executed 11 unauthorized wire transfers between May and July 2023, directing $47.1 million of the bank’s funds to a cryptocurrency wallet as part of a scheme known as “pig butchering,” where…

The Telegram messaging platform has issued what appears to be its first official statement concerning the detention of its CEO, Pavel Durov. Durov’s status remains unclear as French authorities have so far reportedly refused to cooperate with the Russian embassy. As Cointelegraph previously reported, authorities in Paris are scheduled to give an official statement on Monday, Aug. 26. Telegram’s official statement was posted on Aug. 25 at approximately 12:00PM PST, via the platform’s Telegram News channel. The company expressed its full-throated support for its CEO and wishes for a quick…

Bitcoin ETFs have been on an impressive streak lately, and the last trading week saw more than $500 million allocated to the largest US-based products. However, Ethereum ETFs are in the opposite corner, with minor trading volumes and withdrawals. Bitcoin ETFs on a Roll The spot Bitcoin ETFs had a rough start of the month as they lost more than $550 million in just three days on August 2, 5, and 6. This coincided with the major crash for BTC as the asset tumbled from over $65,000 to under $50,000…

In the growing tension and uncertainty within Nigeria’s cryptocurrency industry, local crypto stakeholders have voiced strong support for a regulatory framework centered on compliance rather than criminalization.  Obinna Iwuno, former President of the Stakeholders in Blockchain Technology Association of Nigeria (SiBAN), has emerged as a key advocate for a more balanced and constructive approach to crypto regulation in the country. Plea for a nuanced approach Iwuno argues that Nigeria’s current regulatory approach, which has led to high-profile legal battles and the detention of cryptocurrency executives, is not only counterproductive but…

The US Securities and Exchange Commission has contested Hex founder Richard Heart’s attempt to dismiss its $1 billion securities fraud lawsuit, asserting its jurisdiction over the case. In its opposition brief, filed in a New York federal court on August 22 but dated July 8, the SEC contended that Heart’s motion to dismiss fails to address the well-supported allegations in the complaint and ignores relevant legal standards. Heart had previously argued in his dismissal motion that the regulator lacks authority because he resided abroad and had no presence in the…

Top Stories of The Week Partner of ex-FTX exec hit with campaign finance charges United States authorities have charged Michelle Bond, the partner of former FTX Digital Markets co-CEO Ryan Salame, with violations of campaign finance law. In an indictment unsealed on Aug. 22 in the U.S. District Court for the Southern District of New York, U.S. Attorney Damian Williams alleged Bond and an unnamed co-conspirator illegally funded her run for the U.S. House of Representatives in 2022. Prosecutors charged Bond with conspiracy to cause unlawful campaign contributions, causing and…

Coinbase has expressed the belief that young, pro-crypto voters might influence the 2024 US presidential elections and potentially could become the deciding factor on who wins. In a report released on August 19, the exchange states that Gen Z and Millennials—who now represent 40% of the electorate—are increasingly supporting candidates who advocate for crypto and financial innovation. Crypto’s Growing Appeal Ahead of 2024 Elections According to the blog, younger Americans are growing dissatisfied with the current financial system. Only 9% express contentment, a figure that drops to 7% for those…

Solana (SOL) price has rallied sharply today, mirroring similar upside moves elsewhere in the crypto market as traders focus on the likelihood of interest rate cuts in the coming months. SOL/USD daily price chart. Source: TradingView Jerome Powell’s dovish outlook boosts SOL price SOL’s price has risen by around 10% in the past 24 hours to reach $158.85 on Aug. 24.  The gains follow Federal Reserve Chair Jerome Powell’s strongest indication in years that his efforts to combat inflation have largely been successful. His outlook has fueled speculation of forthcoming…