Bitcoin trades under $57K, but data suggests pro traders are not bearish 

Bitcoin (BTC) starts a new week on a high in more ways than one as BTC/USD seals its highest ever weekly close.After days of painfully slow progress, Bitcoin finally put in a breakout move to the upside to pass crucial levels.Now ready to go “parabolic,” some argue, the largest cryptocurrency is now firmly back on…

Blockchain tracking startup TruTrace Technologies Inc. partnered with Big Four auditing firm Deloitte to track cannabis using blockchain technology.Investing news outlet ProactiveInvestors reported on Sept. 4 that TruTrace is launching its StrainSecure product in partnership with Deloitte. The system in question reportedly employs blockchain technology to track cannabis from seed to sale, in order to…

Bitcoin (BTC) is becoming scarcer than ever — if you are a BTC price speculator or new to the market.The latest data from on-chain analytics firm Glassnode shows a record portion of the available BTC supply is locked up in long-term storage.Bitcoin long-term holder presence beats all-time highsAt more than 76%, Bitcoin’s long-term holders (LTHs)

Bitcoin (BTC) circled $32,000 on July 22 after excitement over fresh comments by Elon Musk resulted in strengthening of support.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC bulls regroup at $32,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging between $31,500 and $32,000 overnight on Wednesday, hours after Musk joined others in praising Bitcoin during a…

Blockstack PBC announced on Jan. 29 the completion of its “Milestone II” that unlocked $6.8 million from its 2017 initial coin offering. The project claims to have on-boarded one million verified users, an achievement that some in the community did not believe. Cointelegraph conducted an analysis of blockchain data to see if this claim could…

Unicas is planning to open 50 banks in India by the end of the year, but a proposed bill banning crypto could complicate matters. 1086 Total views 4 Total shares India’s Unicas crypto bank opened its third physical branch last week in New Delhi. Previous locations were launched in Jamnagar and Jaipur.Unicas reportedly allows customers…

Google updated its political content policy to take effect starting November 2023 which now mandates disclosure of all AI-generated content in election ads. 327 Total views 8 Total shares Google is making updates to its political content policy to include a new mandate that all verified election advertisers must disclose uses of artificial intelligence (AI)

Top crypto exchange, Binance, seems to be providing trading services for mainland Chinese customers despite the local ban, a report published yesterday by China National Radio, or CNR, alleges.According to CNR, Binance CEO Changpeng Zhao, also known as CZ, has been promoting a website called “binancezh.com” on his Weibo page.Originally founded in China a few…

Uniswap could be averaging $1 billion in daily trade volume soon with the majority of trades occurring between Ethereum and stablecoins. 1256 Total views 7 Total shares Leading decentralized exchange, or DEX, platform Uniswap continues to lead the sector as it nears an average of $1 billion a day trading volume for the month of…