BTC price dip gone by September? 5 things to know in Bitcoin this week

Over the past few months, there have been some major developments coming out of China that have rocked the cryptocurrency market and the global financial markets. China’s Evergrande debt repayment crisis sent shockwaves throughout global equities markets, as well as the United States Securities and Exchange Commission’s (SEC’s) consistent signaling of upcoming regulation for stablecoins…

ETH price bounced off a major support level, and while $2,000 could be a short-term target, most analysts say it’s just a “relief rally.” 168 Total views 2 Total shares On May 30, the cryptocurrency market experienced a much-needed bounce that saw Bitcoin (BTC) climb above $30,900 and Ether (ETH) rally 5.84% to $1,930, but…

Cybersecurity firm Emsisoft has released a solution for Bitcoin (BTC)-demanding ransomware WannaCryFake.Pay Bitcoin in return for your dataIn a Sept. 25 blog post, Emsisoft announced that they are releasing a new free fix for the WannaCryFake ransomware bug. The WannaCryFake is the next version of the WannaCry worm, a type of malicious software program that…

Crypto gaming and gambling campaigns are the most expensive way to acquire users with existing crypto wallets, ranking highest in cost among all sectors of the crypto industry, recent data shows. “Gaming and gambling campaigns are the most expensive, with a median CPW of $8.74 and a lower quartile of $3.40,” Web3 marketing firm Addressable

Canada is one of the first countries to approve a Bitcoin ETF and is the fourth-largest nation in terms of hash rate. 1212 Total views 30 Total shares Cryptocurrencies like Bitcoin (BTC) do not pose any significant risk to the financial system at their current level of adoption, according to Bank of Canada deputy governor…

Softbank-backed Chinese fintech OneConnect has filed for an Initial Public Offering (IPO) with the United States Securities and Exchange Commission (SEC).As Bloomberg reported on Nov. 13, OneConnect is the blockchain- and AI-focused fintech arm of Chinese insurance giant Ping An.Seeks $100 million and Nasdaq listingThe report claims that the filing seeks to raise $100 million,…

The reduced difficulty allows Bitcoin miners to confirm transactions using lower resources, enabling smaller miners a fighting chance to earn the mining rewards. 83 Total views 20 Total shares The difficulty in mining a block of Bitcoin (BTC) was reduced further by 5% to 27.693 trillion as network difficulty maintains its three-month-long downward streak ever…

The clarification comes after a news report stated Musk’s AI startup has discussed sharing its technology with Tesla and in return would earn revenue from the carmaker.