Bitcoin L2s set to explode as Runes congest BTC network

Cryptocurrency markets rallied 12.5% over the past seven days to reach a $2.44 trillion market capitalization. However, that move doesn't seem to be inspiring confidence because the same level was tested 16 days ago when a 27% retrace followed ether's (ETH) attempt to break $3,650 over the next six days. Regulation seems to be a key…

Ether’s supply on crypto exchanges has dropped to its lowest level since November 2015, leading some analysts to predict a major price rally despite recent bearish sentiment. “Ethereum's holders have now brought the available supply on exchanges down to 8.97M, the lowest amount in nearly 10 years (November, 2015),” crypto analytics platform Santiment said in

Cross-border transactions on crypto assets are already relevant and have already had a considerable impact on the domestic economy of some countries. For example, last month, the Central Bank of Brazil (BACEN) reviewed the Brazilian Trade Balance for crypto assets with new classifications under IMF standards.In Georgia, for example, which accounts for about 15% of…

Bitcoin (BTC) rose above $23,000 again into Aug. 6 as new analysis predicted a potential surge of 20% or more.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDaily chart gives trader $30,000 targetData from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing overnight to once again sit near the top of its established trading range.After multiple attempts…

Bitcoin (BTC) climbed back above $8,000 on Oct. 17 as news the United Kingdom had agreed on a deal with the European Union over Brexit ricocheted through markets.Cryptocurrency market daily overview. Source: Coin360Bitcoin Price Reclaims $8KData from Coin360 showed Bitcoin behaving more like the pound sterling (GBP) on Thursday, gaining 1.3% against the dollar to…

UK-based bank Barclays has denied it is working on cryptocurrency products despite two employees removing LinkedIn evidence they were doing so after receiving mainstream media attention, Business Insider reports August 6. According to Business Insider, Matthieu Jobbe Duval and Chris Tyrer, whom Barclays confirmed worked for the bank, had listed cryptocurrency-related duties on their LinkedIn…

Bitmain releases a public statement saying that co-founder Zhan’s claims of owning a 36% stake in Fujian Zhanhua are baseless. 1778 Total views 37 Total shares The world’s largest cryptocurrency mining rig producer Bitmain released a statement on April 27 condemning deposed co-founder Micree Ketuan Zhan’s attempts to regain control over Fujian Zhanhua Intelligence Technology…

Australian financial compliance enforcement agency AUSTRAC has released two new guides to help entities to spot when customers are using crypto for illicit means, or when they are being forced to pay the creators of ransomware.But it warned that debanking customers merely on suspicion of such activity was a harmful practice with serious negative effects.In…

JPMorgan is using blockchain to drive efficiency in the repo market; Goldman and others are taking notice. Goldman Sachs is reportedly one of several financial institutions to sign on to JPMorgan’s custom blockchain service — a sign that more broker-dealers were looking to take advantage of digital currencies for their repo operations.In an interview with…