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Bitcoin’s (BTC) Price Prospects Strengthen as Key Stablecoin Metric Slides to Lowest Since February 2023
Dwindling “exchange stablecoins ratio” points to declining selling pressure in the BTC market, CryptoQuant said. Read more
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Lummis unveils the BITCOIN Act to establish strategic BTC reserve for the US
Following her announcement of a historic proposal to supercharge the US dollar and pay down the national debt by establishing a strategic Bitcoin reserve, US Senator Cynthia Lummis (R-WY) officially introduced the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act” in the Senate on July 31. Read more
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Russia Legalizes Crypto Mining and Brings an Experimental Regime
Russia’s lower house of the Federal Assembly, known as the State Duma, has passed two crypto-related laws on Tuesday, a Russia based policy expert told CoinDesk and Ria Novosti, Russia’s state-owned domestic news agency reported. Read more
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Day One Highlights from the Bitcoin 2024 Nashville Conference
Bitcoin 2024 is underway in Nashville, here are some of the highlights from Day 1. Read more
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’Bitcoin Won’: Jersey City Mayor Says Pension Fund to Invest in Bitcoin ETFs
The mayor of Jersey City announced on Thursday that the second-largest city in New Jersey is seeking to allocate a portion of its pension fund to spot Bitcoin ETFs. Read more
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OKX launches bitcoin price guessing game ‘OKX Racer’ as Telegram mini-app craze continues
OKX — one of the largest crypto exchanges by trading volume — launched OKX Racer, a free-to-play Telegram mini-app game challenging players to guess bitcoin’s price movements in five-second intervals. Read more
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Bitcoin’s (BTC) Price Slips Below $60,000 – Time for Altcoin Season
Bitcoin’s price is hovering around $58,000 at the time of writing after losing the psychological support level of $60,000 this week. This resulted in Bitcoin’s dominance (BTC.D) also falling considerably. Read more
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Mid-sized Bitcoin transactions rise, reflecting market maturation and retail growth
Bitcoin’s relative transfer volume, when adjusted by entity and categorized by transfer size, exhibits nuanced trends across varying transaction bands. In January 2024, transfers under $1,000 constituted a minor portion of overall activity. Notably, transactions between $1,000 and $10,000 experienced a slight increase, reflecting incremental retail participation. Read more
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Tether Co-Founder Predicts Next ETFs After Bitcoin, Ethereum
Don’t expect crypto ETF momentum to slow after the approvals of spot Bitcoin and Ethereum funds in the United States: Wall Street’s “greed” will bring more and more such products, Tether and WAX co-founder William Quigley told Decrypt this week. Read more
