BTC price all-time high in July? 5 things to know in Bitcoin this week

Pain for Bitcoin and altcoin investors alike as a fresh cascade sees $40,000 support disappear. 473 Total views 4 Total shares Bitcoin (BTC) stayed lower on Friday after an overnight bout of volatility sent the largest cryptocurrency to six-month lows.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$40,000 optimism unwindsData from Cointelegraph Markets Pro and TradingView showed BTC/USD…

Members of the House Financial Services Committee questioned the “timing and circumstances” of FINRA approving Prometheum’s special purpose broker-dealer license in May. 219 Total views 2 Total shares United States lawmakers on the House Financial Services Committee have demanded answers from the heads of the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority…

Bitcoin bulls pushed the price back above $34,000 but analysts warn that a variety of bearish factors remain a threat in the short term. 224 Total views 2 Total shares On July 9 Bitcoin and the wider cryptocurrency market saw a moderate relief rally that helped recover some of the losses seen on Thursday but a…

$1.6 trillion U.S. stock market losses pressure crypto markets, with BTC price action coming full circle to linger near $20,000. 231 Total views 15 Total shares Bitcoin (BTC) briefly lost $20,000 support overnight into Sep. 14 after hot United States inflation sent risk assets crashing lower.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewMarkets lose big in…

The recently launched Korea Blockchain Enterprise Promotion Association has called on the state to adopt crypto and blockchain technology, local news agency Korea Joongang Daily reports Aug. 8. According to the report, the blockchain association has filed a demand with the government to regulate the new technology to benefit from its opportunities instead of focusing…

United States regulator the Commodity Futures Trading Commission (CFTC) is in talks with Facebook about its upcoming stablecoin launch, the Financial Times (FT) reported on June 2.Citing chairman J. Christopher Giancarlo, the publication revealed that Facebook is attempting to smooth out the regulatory landscape ahead of the asset, currently dubbed GlobalCoin, allegedly going live next…

“As part of our ongoing digital transformation, we recognize the importance of staying current with emerging market trends,” said Flushing Financial Corporation CEO and president John R. Buran. 1209 Total views 38 Total shares Flushing Financial Corporation, the parent company behind New York-based Flushing Bank has partnered with crypto firm New York Digital Investment Group…

Last week, the United States Securities and Exchange Commission (SEC) reached an agreement with cryptocurrency exchange Kraken. The latter will stop offering crypto staking services to American customers and pay $30 million in disgorgement, prejudgment interest and civil penalties. While the sum of fines could hardly get an entity like Kraken off balance, the future of…

Cryptocurrencies like Bitcoin don't quite convince Bailey, but he sees a lot of potential for stablecoins. During a virtual conference hosted by the Brookings Institute, Andrew Bailey, Bank of England’s (BoE) governor, stressed that crypto assets are just “unsuited to the world of payments.” In prepared remarks on the future of cryptocurrencies and stablecoins, Bailey qualified…