Linea blockchain halt highlights slow decentralization of Ethereum L2s
Linea said it halted the sequencer as a “last resort” action to prevent additional funds from bridging out but intends to decentralize in the near future.
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China’s crypto ban fails to stop scams as Shaanxi police arrest 4 suspects
Mainland China quickly and effectively addresses crypto fraud incidents despite banning crypto transactions a few years ago.

Bitcoin price 'top is not in' as Wyckoff model hints at $100K retest
A similar chart pattern in August 2024 resulted in a 40% Bitcoin price rally from $53,400 to $74,000. Is history about to repeat for BTC?

Massive Cyberattack on Australia Uses Cryptojacking Exploits
A report from the Australian Cyber Security Centre highlights a vulnerability related to attacks using cryptojacking malware. 1280 Total views 34 Total shares The Australian Cyber Security Centre said a group of “state actors” hacked Australian networks on June 19 and one of the vulnerabilities they exploited is related to cryptojacking malware attacks. According to the…

COVID-19 Could Accelerate Crypto Adoption
Coinbase’s former CTO believes over powered governments could lead to accelerated crypto adoption post COVID-19. 1221 Total views 26 Total shares During a Unitize panel on Monday, Balaji S. Srinivasan commented that COVID-19 has changed everything — and it could ultimately end up accelerating Blockchain adoption. Srinivasan is known for numerous roles in the crypto space.…

No ‘AltSeason’ Until Bitcoin Breaks $20K, Says Hedge Fund Manager
“When AltSeason 2?” has been on the minds of many investors for some time now. The average retail Joe Schmoe investor most likely draws some insight from crypto-sector leaders and Crypto-Twitter influencers who often post compelling charts of various digital assets with a captioned explanation of why or why not certain price action could lead…

Major South Korean Mobile Carrier Launches Blockchain Project
Union Mobile, the fourth-largest mobile carrier in South Korea, announced the launch of its blockchain project called ELYNET.Using blockchain to make communication more efficient On Sept. 11, Union Mobile announced that ELYNET aims to use blockchain technology to make telecommunications more efficient for those users who rely on a single carrier for telecom service.ELYNET will purportedly…

China Expands Digital Yuan Trials to Beijing and Neighboring Provinces
While there is not yet a set time for the expanded pilot program to begin, a policy framework should be complete by the end of 2020. China’s Commerce Ministry announced today that it will expand the trials of the nation’s central bank digital currency (CBDC) to include Beijing, as well as Tianjin and Hebei provinces.According…

Bitcoin falls under $91K — Bitfinex says it’s at a ‘critical juncture’
Bitfinex analysts said Bitcoin is mirroring traditional markets, and its lack of price momentum has “led to a period of contraction” for crypto markets.