Worst month since 2022 bear market? 5 things to know in Bitcoin this week

A subsidiary of Canadian financial institution VersaBank confirmed it had finished beta testing of a “digital vault” for storing cryptocurrency in a press release Nov. 8.VersaVault, which announced its so-called “digital safety deposit box” in February, is aiming to attract crypto exchanges and funds as clients for the new tool.The product provides cryptocurrency storage on…

The fund manager’s crypto portfolio has booked a loss in three of the past four quarters, according to recent financial statements. 221 Total views 13 Total shares Own this piece of history Collect this article as an NFTUnited States fund manager WisdomTree saw the value of its digital asset holdings decline sharply in the fourth…

The central Asian country’s government has proposed three price increases to electricity and taxes specifically targeting crypto miners. 105 Total views 3 Total shares The Kazakh government is considering a three-pronged proposal designed to make crypto miners pay much more for operating in the country, which could make Kazakhstan less attractive to the industry.On Feb.…

Indian banks have reportedly been slow to accept the Supreme Court’s decision allowing them to do business with crypto firms. 1770 Total views 54 Total shares Kotak, India’s leading private bank, has reportedly become the first to open its gates to the crypto community, per a report published in the Economic Times. The banking giant announced it…

Texas House Bills 4474 and 1576 officially took effect on Sept. 1 after being signed into law by Governor Greg Abbott in June. 81 Total views 1 Total shares Two bills aimed at furthering the adoption of cryptocurrencies and blockchain are now law in the state of Texas.Texas House Bills 4474 and 1576, passed by…

Liquidity protocol Aave’s parent company has been rebranded to Avara as it looks to streamline its suite of infrastructure products to attract a broader Web3 user base. 499 Total views 44 Total shares Decentralized finance (DeFi) group Aave Companies has been rebranded to Avara as it looks to broaden its user base across the Web3

Bitcoin (BTC) recovered above $23,000 into July 22 as attention increasingly focused on the upcoming weekly close.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price needs to preserve at least $22,400Data from Cointelegraph Markets Pro and TradingView showed BTC/USD finding renewed strength after briefly dipping towards $22,000.The pair traded in a critical zone for bulls on…

Data shows that Bitcoin’s (BTC) current rally is supported by greater participation from retail and institutional investors. The CME Bitcoin futures open interest has moved closer to the previous all-time high, a sign that institutional investors are becoming more interested in cryptocurrencies. Similarly, Bitcoin’s spot volume has hit a new 52-week high, according to data…

The party, which vowed to oppose a CBDC and defend Bitcoin mining, is scheduled to meet on July 15-18 and select a nominee for U.S. President.