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BTC price retracing deeper than $25,000 is "possible," analysis warns, with $28,300 the line in the sand for Bitcoin bulls. Bitcoin (BTC) stayed static at the July 31 Wall Street open as analysis warned that the net was closing in for bulls. BTC/USD 1-hour chart. Source: TradingView $28,300 "last line of defence" for BTC price Data from Cointelegraph Markets Pro and TradingView followed the BTC price as it greeted the last trading day of July with more sideways behavior. Much like the weekend and the week prior, nothing seemed able to effect a major trend change, while a brief spurt above $29,500 after the weekly close provided the most interesting intraday event. “BTC took out $29.5k last night, but so far bulls haven't been able to muster enough momentum to advance. All eyes are on the monthly close which could open the door to some volatility,” monitoring resource Material Indicators wrote in part of its latest analysis. Uploading a snapshot of the BTC/USD o

This Analysis will evaluate the potential scenario in BTC and what forces are likely to invalidate it. While Bitcoin price broke out the falling wedge pattern discussed on Friday, it only made it slightly above $29,500 such that it is exchanging hands at $29,408 on Monday – as investors prepare to usher in the European session. advertisement Bitcoin Price Steady Despite Curve Exploit Bitcoin price managed to stay calm as the crypto market struggled to digest the exploit on the stablecoin exchange Curve, which has risked as much as $100 million. According to a report by CoinDesk, the hack took advantage of a “re-entrancy” bug in the platform’s programming language referred to as Vyper. Meanwhile, Bitcoin is trading at $29,393 after facing another rejection from highs slightly above $29,500. The resistance highlighted by the 50-day Exponential Moving Average (EMA) (red) at $29,428 limits price movement on the upside, making the climb above $30,000 an uphill task.

State of the Litecoin Halving Event The entirety of 2023 has been dedicated toward preparation for the forthcoming Litecoin Halving . While there is no special preparation by the Litecoin protocol, the sensitization has notably stirred the community who believes the scarcity that will be ushered in will have a positive impact on the price of LTC in the immediate future. advertisement The coming halving event is the third the Litecoin blockchain will be experiencing with the first recorded back on August 25, 2015. The second halving took place on the 5th of August 2019 with the next one expected sometime in the coming week. The first Halving event occurred on the 25th of August, 2015 at block height 840,000. The second Halving event occurred on the 5th of August, 2019 at block height 1,680,000. The third is just days away! Recommended Articles Crypto Presale Proj

Join Our Telegram channel to stay up to date on breaking news coverage In response to the broader startup downturn, Sequoia Capital, a leading venture firm in Silicon Valley, is scaling back funds allocated for startups, including cryptocurrency ventures. The firm is taking this measure to address past excessive spending during its expansion phase and navigate the challenges it faced under the leadership of new CEO Roelof Botha, who took over from Doug Leone in April 2022. This strategic move aims to ensure the company’s sustainability amid the prevailing setbacks in the startup ecosystem. Cryptocurrency Fund Cut from $585 Million to $200 Million Sequoia Capital’s cryptocurrency fund and ecosystem fund have experienced significant reductions, with the former being halved from $585 million to $200 million and the latter from $900 million to $450 million, as reported by the Wall Street Journal. Although the venture firm did not officially disclose these details, it informed i

Shiba Inu has emerged as one of the most successful meme coins out there. With head-to-head competition with Dogecoin, the SHIB team has been working relentlessly on different projects for the community, which has boosted many Shiba Inu price predictions. Even though 2022 was not the best year for cryptocurrencies in terms of price, 2023 began with a bang. The whole cryptocurrency market has displayed double-digit gains over the last two weeks. SHIB, however, was exhibiting slower gains as opposed to other cryptocurrencies. Also read: VeChain (VET): Price Prediction For July-End 2023 With cryptocurrency prices trading with no major volatility in the last 24 hours, here is our Shiba Inu price prediction for July end 2023. Shiba Inu price prediction for July end 2023 Shiba Inu’s price currently stands at $0.000007782, with a 0.7% drop in value over the last 24 hours. According to Changelly analysts, SHIB is expected to trade at a minimum of $0.00000682 and a maximum

Yesterday, the crypto community responded to a Microsoft Word document that appeared to be a pre-print for an upcoming scientific article announcing the “world’s first room temperature, ambient pressure superconductor.” The dubious paper was shared on Hacker News and somehow made its way to the top page, garnering 1,500 points. If true, the miraculous superconductor would enable quantum computers suitable for home offices, near-instant battery charging, near-lossless electric grids, ultra-cheap magnetic levitation, and cooling-free computation that would threaten the security of all blockchains and the cryptography securing most of humanity’s passwords. Reactions ranged from “the biggest physics discovery of my lifetime” to “it’s crackpottery.”  HN just tweeted an article about a 20 degree C superconductor and I got really excited. How did a hoax get so many points? — John K. Paul (@johnkpaul) March 19, 2011 Was it real? We’ll know more in the coming days, as scientists attempt

Also Read: US Fed Hikes Interest Rate By 25 Bps; Bitcoin Price To Dip? advertisement GOP Chair Address Crypto “Securities” Issue Patrick McHenry, the House Financial Services Committee chair stated that the entire crypto market structure legislation accepts a key issue in the market i.e. digital assets being treated as securities. Digital assets that are not inherently securities may be offered as part of an investment contract but that does not make them securities, said Patrick McHenry. GOP chair mentioned that their bill linked to crypto assets focuses on two vital points i.e. decentralization and functionality in order to explain how Howey Test applies to digital assets. He added this will help the authorities ahead and this is also the “crux of the FIT of 21st Century Act.” Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List

The emergence of ChatGPT has not only shown the potential of artificial intelligence, but also raised concerns about further empowering large corporations with increased control. As technology advances, artificial intelligence (AI) has become more than a buzzword used by high-level executives. Today, technology is becoming a part of the world’s everyday interactions, with several real-world use cases emerging. According to an article from MIT Sloan School of Management, some of these prominent use cases include investing in skills and training to transform job quality, rapidly developing content such as with tools like ChatGPT and, in the financial sector, rebalancing taxes. In the blockchain space, another use case was made apparent from early and mid-stage blockchain projects that have begun to use AI and tokenomics to create more liquidity for project tokens. Yet while the applications of AI are many, there is still a great fear that governments and corporations will control AI. Cu

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. There is a growing fintech and web3 industry, yet people often struggle to find legal professionals for a wide variety of legal jobs in this space. Typical inquiries may include how to issue tokens, launch a DAO, or manage a crypto fund. The case that ended up on my desk turned out to be much more commonplace, namely, a dispute involving a customer and a crypto exchange that refused to release crypto currency, citing compliance with anti-money laundering and countering the financing of terrorism (AML/CFT) regulations. However, this case was significant because it underscored the competency gap among ‘ crypto ’ lawyers who had tried to resolve it before I did. One day, a friend of mine brought the issue to me. I wasn’t practicing law at that time, being preoccupied with academic research on blockchain, but my curiosity was piqu