Bitcoin price drops below $59K as institutions stop buying stablecoins
The Bitcoin price last saw its local bottom before Tether minted $1.3 billion worth of stablecoins, which helped BTC recover over 21%.
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Upbit crypto exchange receives suspension notice in South Korea
Upbit must respond to the FSC’s suspension notice by Jan. 20 or face restrictions on new registrations on the platform for six months.

Bitcoin ETFs, MicroStrategy, whales spur 3X jump in private BTC txs: Analyst
CryptoQuant’s CEO Ki Young Ju dismissed the idea that private CoinJoin transactions are mostly used by hackers to launder stolen funds.

Bancor Invites Bounty Hunters to Peek Into Its Code Ahead of V2 Launch
As the launch of Bancor V2 draws close, the team is inviting the community to take a look at its code and report any vulnerabilities they may find.On Friday, the project released the code for the Bancor V2 smart contracts, which feature a variety of improvements that help both the users and liquidity providers of…

Nassim Taleb: Almost All Bitcoiners Are ‘Total Idiots’
Nassim Taleb, university professor and author of Black Swan, thinks Bitcoin is a good idea but most investors can’t understand its nuances. 1435 Total views 35 Total shares Nassim Taleb, author of “Skin in the Game”, got into a small Twitter feud in which he explained that most investors can’t understand the nuances of a…

Bitcoin monthly close, fresh bullish narratives lead BTC traders to aim for new price highs
Bitcoin’s monthly close could reverse a 6-month-long downtrend and signal traders’ intent to push BTC price to new highs.

Former Beverage Company Long Blockchain Corp. Receives Subpoena From SEC
Former drinks manufacturer-turned-blockchain development company Long Blockchain Corp. has been issued a subpoena by the U.S. Securities and Exchange Commission (SEC), Bloomberg reported August 1. During a filing today, the company reportedly said that the subpoena, originally dated July 10, requested certain documents from Long Blockchain Corp. The firm declined to provide further details, saying:…

FTX creditors only getting '10-25% of their crypto back' — creditor
Following the collapse of the FTX exchange, the FTT token collapsed by more than 80% and wiped away over $2 billion in customer value.

Why is XRP price down today?
XRP prices have declined today due to a choppy risk-on mood ahead of Nvidia earnings and cautious sentiment in the futures market, among other reasons.