Bitcoin risks free fall to $81K if BTC loses $85K support — Analysts

The United States Senate Banking Committee is set to hold a broader debate on crypto and blockchain regulatory frameworks next week.An official committee announcement indicates the hearing — entitled “Examining Regulatory Frameworks for Digital Currencies and Blockchain” — will take place on July 30. The planned witnesses will be Jeremy Allaire, co-founder and CEO of payments…

Bitcoin (BTC) trading volumes in South Korea have recently reached new levels on peer-to-peer (P2P) exchange LocalBitcoins, according to charts on BTC statistics service Coin Dance.According to the data, bitcoin weekly trading volumes have surged over the past two weeks, with the latest week recording a new high of around 219 million South-Korean won ($185,000).South…

Credit Agricole-backed blockchain-based settlement startup Setl has emerged from administration, financial news outlet Finextra reports on May 3.Per the report, the United Kingdom-based startup has returned following its insolvency filing after its management bought the operating assets, the staff and the intellectual property rights of the company. As Cointelegraph previously reported, Setl filed for insolvency…

A top official at China’s central bank has confirmed that the country’s forthcoming digital currency will bear similarities to Facebook’s Libra token.The English-language website of the Hong Kong Economic Journal reported the news on Sept. 6, citing prior coverage by Shanghai Securities News, which is owned by the official Chinese state-run Xinhua News Agency.“We need…

The Bitcoin Lightning Network integration started to take off among the cryptocurrency exchanges worldwide. However, some of the world’s largest crypto trading platforms seemingly are not in the hurry to integrate the protocol.Last week, Robinhood crypto trading app became the latest major industry player to announce the Lightning integration, following in the footsteps of BitPay and…

The task force will submit findings and potential legislation back to the State Capitol — which involves providing a plan to expand blockchain adoption in both the private and public sectors. 311 Total views 39 Total shares Two committees of the Hawaii State Legislature — Commerce and Consumer Protection (CPN) and Ways and Means (WAM)…

Google Cloud Neural Networks worked with its artificial intelligence (AI) software to make art. Not just any art — nonfungible token (NFT) art. The AI transformed all 10,000 Bored Ape Yacht Club NFTs into machine-made works of art. These pieces of art take the form of abstract paintings. However, when viewed closely, the paintings take an…

Bitcoin (BTC) regained more lost ground on the July 28 Wall Street open amid confusion over whether the United States had entered a new recession.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalysts call recession for United States on GDP printData from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it tested $23,000 for support after a leg…