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Dogecoin stayed close to a two-week high on Thursday, as markets rebounded from a slight sell-off during yesterday’s session. Traders moved to secure profits over the last 24 hours, following strong gains on Tuesday. Solana neared a drop below $20. Dogecoin (DOGE) Dogecoin (DOGE) remained close to a multi-week high during today’s session, as bulls attempted to maintain recent pressure. After sliding to a low of $0.06468 on Wednesday, DOGE/USD moved to a peak of $0.06692 earlier today. This was marginally below Tuesday’s high of $0.0687, which is the strongest level the meme coin had hit since mid-August. Bullish momentum has eased in recent days since the relative strength index (RSI) collided with a resistance level of 48.00. Price strength has since tailed off, and at the time of writing this is now tracking at the 45.92 mark. Should a break out of the aforementioned ceiling take place in the coming days, bulls will likely attempt to take the price above $0.0700. Solana (SOL

Over the past 30 days, nine of the leading ten stablecoins by market cap experienced declines, with BUSD witnessing the most significant dip, plunging 16.6%. As we wrapped up August, the combined value of these stablecoins hangs just below the $125 billion threshold, continuing a trend of consecutive monthly decreases this year. Major Supply Drops for 9 of the Top 10 Dollar-Pegged Leaders; FDUSD Supply Jumps 40% Higher Currently, the stablecoin market stands at $124.54 billion . Echoing the trends of previous months, August witnessed a contraction in the supply of numerous projects. Tether ( USDT ), the heavyweight in the stablecoin arena, boasts a valuation of approximately $82.88 billion. However, USDT saw its circulating supply drop by 1.1% over the last 30 days. Circle’s usd coin (USDC) declined 1.4% this month, while Makerdao’s DAI faced a 6.4% contraction in its monthly supply. USDC’s market cap floats around $26.13 billion, with DAI trailing at $3.89 billion. Although DAI’

Bitcoin edged lower once again on Thursday, as traders continued to capture profits following gains on Tuesday. The latest drop followed data revealing U.S. gross domestic product growth in the second quarter that undershot expectations. Ethereum likewise declined, dipping under $1,700. Bitcoin Bitcoin was in the red for a second consecutive session, as a mixture of profit-taking and general bearish sentiment impacted price. Following a peak of $27,490.77 on hump day, BTC /USD dropped to an intraday low of $27,069.21 earlier today. The sell-off comes a few days removed from bitcoin moving above $28,000, following Grayscale’s court win against the Securities and Exchanges Commission (SEC). On a technical note, the decline coincided with the 14-day relative strength index (RSI) failing to move beyond its ceiling at 53.00. As of writing this, the index is now tracking at a reading of 47.50, with the next visible floor at the 43.00 level. Should momentum push price strength to this

PRESS RELEASE. LBank recently concluded its Initial Exchange Offering (IEO) for the PINs Network project. The event secured a total investment of 51,556,343 USDT from 34,587 participants. This development followed a period of increased activity on LBank, largely due to the IEO’s specific participation rules. Earlier in the year, LBank reported a 4.6% market share, placing it in the 5th position for spot trading volume according to CMC data. Additionally, earlier in the year, the platform established a significant presence in the MEME coin sector, reaffirming its position in the cryptocurrency ecosystem. Retrieved from： https://news.bitcoin.com/unpacking-lbanks-success-a-strategic-approach-to-meme-coins-and-the-crypto-market/ The IEO participation rules for PINs were based on a user’s daily average holdings of coins, such as BTC , ETH , USDT , and LBK. LBank monitored user balances across Spot, Futures, and Earn accounts over a 30-day period, and investment quotas were set based on

According to Edward Hong, the chief platform officer (CPO) at the early-stage venture firm Hashed, South Korea’s decision to delay putting in place a comprehensive crypto regulatory framework seems to be more of a strategic move rather than hesitation. Hong insisted that the perceived delay helps to ensure that South Korea’s regulatory regime will be in sync with any internationally agreed framework. Korea’s Position at the ‘Forefront of Global Technology Adoption’ Hong also told Bitcoin.com News that when South Korea’s crypto regulatory framework is in sync with those of its peers, this may make it possible for the Asian country to foster a “more standardized and interoperable landscape for crypto assets.” When asked about how South Korea has made itself one of the world’s leading cryptocurrency markets, the CPO suggested that this may have something to do with the country’s position “at the forefront of global technology adoption.” Regarding the prospect of Korea becoming success

An Analysis Into GoMining’s New NFT, and their Tokenomics Bitcoin mining company, GoMining , has changed the way we think about bitcoin mining with their GoMining NFTs, giving holders a share of ownership in their mining operations. With over 2,000 BTC paid out over the last two years, GoMining is proving their thesis that bitcoin mining can be easy and accessible for everyone. With brand ambassadors like Khabib Nurmagomedov and the project’s avid participation in the Bitcoin Mining Council , GoMining understands the importance of the cryptocurrency industry and the role of their bitcoin mining operations within it. GoMining recently launched a major update to their tokenomics for the GoMining token. The new system has several implications for token and GoMining NFT holders. So let’s dive into what exactly GoMining offers crypto users and their tokenomics system, breaking down the token’s life cycle and distribution. What is GoMining? In its truest essence, GoMining is a bitco

In a recent report released on Tuesday, undisclosed sources detailed that the firm behind the top stablecoin in market cap, tether ( USDT ), is now banking with Britannia Bank & Trust. In the past month, tether’s supply has dipped by 1.3%, leaving 82.85 billion USDT in circulation. Undisclosed Sources Say Tether Is Working With a Privately Held Bahamas-Based Bank On August 29, Bloomberg journalists Yueqi Yang and Olga Kharif spotlighted Tether’s new partnership with the privately held Bahamas-based Britannia Bank & Trust for its banking services. The timeline of when Tether teamed up with Britannia remains hazy, but insiders revealed that the stablecoin giant is guiding its clientele to transfer funds to the bank’s Bahamian account number. This revelation surfaces amidst challenges cryptocurrency firms face in clinching banking affiliations within the U.S., especially after the monumental downfall of three major U.S. banks last March – one of the most significant financi

Bitcoin cash ( BCH ) was one of Wednesday’s biggest gainers, as markets remained jubilant following the Grayscale court ruling. Following a recent streak of consolidation, the global crypto market cap rose by as much as 4% on the news. toncoin (TON) also surged, climbing nearly 16% higher. Bitcoin Cash ( BCH ) Bitcoin cash ( BCH ) was a notable gainer on Wednesday, as the price was once again trading above the $200 level. BCH /USD peaked at $227.03 late on Tuesday’s session, following a low at $192.77 earlier in the day. The move saw the price breakout out of a resistance level of $225.00, hitting a two-week high in the process. As of writing this, earlier gains have since eased, with the cryptocurrency once again trading below the aforementioned ceiling. This came as the 14-day relative strength index (RSI) collided with its own resistance level at 60.00. In the event bulls manage to orchestrate a breakout, BCH will likely be above $240.00. Toncoin (TON) For a second straight

Sam Bankman-Fried’s legal team claimed last week that the FTX founder received assurances from lawyers his actions were lawful. However, federal prosecutors are now contesting the validity of Bankman-Fried’s defense strategy ahead of trial. Bankman-Fried’s Legal Defense in Question After DOJ Objection In a court filing published Tuesday, federal prosecutors questioned Bankman-Fried’s ability to rely on legal advice as part of his defense . They argued he has not provided sufficient details about the nature and scope of the legal assurances he allegedly received. “The defendant’s August 23, 2023, letter does not provide sufficient notice of any contemplated reliance on counsel defense, and the defendant has not produced any discovery relating to such a defense,” the filing stated. Prosecutors contend Bankman-Fried needs to clarify which attorneys provided advice, what they advised, and when that advice was given. The Department of Justice (DOJ) also suggested Bankman-Fried’s attor

Bitcoin climbed over the $28,000 level late on Tuesday, as markets reacted to the news that Grayscale had won its battle with the SEC. The ruling over the U.S. Securities and Exchanges Commission boosted crypto prices across the board, with bulls returning to action. Ethereum also surged, moving above $1,700. Bitcoin Bitcoin moved back over the $28,000 level during the last several hours, following Grayscale’s court win over the Securities and Exchanges Commission. After trading at a low of $25,998.08 earlier in the day, BTC /USD peaked at $28,089.34 late on Tuesday. This pushed the world’s largest cryptocurrency to its highest point since August 17, when price was on the cusp on $29,000. Bitcoin chart by TradingView Earlier gains have since fallen, as traders have seemingly captured profits, with bitcoin now trading at $27,353.52. From the chart, this comes as the relative strength index (RSI), reached a ceiling of 53.00, before falling lower. As of writing this, the

In the rapidly evolving world of cryptocurrencies, stablecoins have emerged as a beacon of stability amidst the volatility of digital assets like Bitcoin and Ethereum. Stablecoins are digital currencies anchored to a diversified asset, such as fiat currency or different commodities like gold. One of the most promising developments in the stablecoin market is the unique Edelcoin. Edelcoin: A Unique Stablecoin Enter Edelcoin , a stablecoin backed by a basket of precious and base metals which are used across various industries, including medicine, medical research, electronics, aerospace, military, energy, telecommunications, and navigation. These metals include Copper Isotope, Nickel Wire (NP1, NP2), and Caesium 133, each with unique applications and supply circumstances. Benefits of Edelcoin Edelcoin is backed by these metals, offering benefits such as low volatility due to the real nature of the underlying assets. The basket nature of the underlying metals further reinforces the

Cryptocurrency exchanges Bybit and Okx have discontinued support for payment cards issued by sanctioned banks from Russia. The moves follow in the footsteps of Binance, the world’s largest exchange for digital assets, which recently removed such cards from its peer-to-peer (P2P) platform. Bybit and Okx Stop Operations With Sanctioned Russian Banks Bybit and Okx, two of the top crypto spot exchanges according to data from Coinmarketcap, will no longer process transactions involving certain Russian banking institutions placed under Western sanctions, the crypto news outlet of the Russian business portal RBC reported. On Okx’s P2P platform, the cards of Russia’s largest state-owned bank, Sberbank, largest private bank, Alfa-Bank, and the neobank Tinkoff, a major issuer of payment cards, have become unavailable among the offered payment options. Russian users can still buy and sell coins for rubles on Okx through a bank transfer, using cards from the Russian banks Post Bank, Promsvya

A D.C. court has ruled in favor of Grayscale, the largest crypto asset manager, in its lawsuit challenging the U.S. Securities and Exchange Commission’s decision to deny the conversion of GBTC to a spot bitcoin exchange-traded fund (ETF). The securities regulator “failed to explain its different treatment of similar products,” said the Circuit judge presiding over the Grayscale-SEC case. Court Sides With Grayscale Against SEC The United States Court of Appeals for the District of Columbia Circuit ruled in favor of Grayscale Investments against the U.S. Securities and Exchange Commission on Tuesday regarding the company’s proposed bitcoin exchange-traded fund (ETF) conversion. “The D.C. Circuit ruled 3-0 in favor of Grayscale and GBTC,” the crypto asset management firm wrote on the social media platform X. “This is a monumental step forward for all who have been advocating for bitcoin exposure through the added protections of the ETF wrapper.” Commenting on the court ruling, Graysc

August has proved to be a challenging month for bitcoin miners, facing two difficulty spikes and witnessing the currency’s value plummet over 10% in the past 30 days. This decline in value has pulled the network’s hash price to levels reminiscent of late 2022. At present, miners receive roughly $60 daily for every petahash per second (PH/s) they produce, as indicated by the prevailing hash price. Bitcoin’s Hash Price Tumbles to Depths Uncharted Since Late 2022 While there’s still two days left of August, data reveals miners have garnered $717.14 million, of which the subsidy accounted for a hefty $702.12 million. Back in July, the total miner earnings stood at $865.26 million , with a significant $846.04 million emerging from newly minted bitcoins. The dip in earnings this month stems primarily from the BTC price being over 10% less than its previous month’s value. On July 29, 2023, BTC was valued at $29,355 per coin, but fast forward 30 days, and it’s just a tad below the $26K m

BNB surged this afternoon, as markets reacted to the news a court in the United States was siding with Grayscale in its case with the Securities and Exchange Commission (SEC). The court said the SEC was wrong to deny Grayscale permission to migrate its bitcoin product into an ETF. Toncoin also rallied, hitting its strongest point since June. BNB Since hitting a one-year low last week, BNB has mostly moved higher in recent days, with today’s surge coming after the latest U.S. consumer confidence report. Following a low of $217.05 to start the week, BNB /USD moved to a peak of $233.06 earlier in today’s session. This has resulted in the native token of cryptocurrency exchange Binance climbing to its highest point since August 16. Tuesday’s gain came as the 14-day relative strength index (RSI) jumped beyond a key resistance level of 53.00. As of writing, price strength is tracking marginally above this point at 54.13, with a ceiling at 55.00 awaiting. Earlier gains have somewhat

Amid swirling speculations about the third biggest bitcoin wallet, chatter has now emerged linking the fifth largest BTC wallet to the late Yevgeny Prigozhin, former owner of the Wagner private military company (PMC). However, a straightforward blockchain explorer search clearly indicates the wallet bears a label identifying it as property of the U.S. government. Nevertheless, this hasn’t deterred the media and netizens from propagating unfounded theories. Misguided Claims Connect FBI-Owned Bitcoin Wallet to Russian Magnate Prigozhin Recently, there was buzz about the third biggest bitcoin ( BTC ) wallet. Now, attention has shifted to the fifth-largest BTC wallet, with many making audacious claims regarding its ownership. Cryptocurrency news outlets , along with a flurry of social media posts on platforms like X and Facebook, are asserting that this wallet was owned by the late Yevgeny Prigozhin. Rumors swirled about Prigozhin, the former PMC head, and his links to crypto, espec