Crypto Biz: The Year of Bitcoin
This week’s Crypto Biz explores Bitcoin’s landmark year, Crypto.com’s new custody service, Russia’s partial ban on crypto mining and taxes on staking rewards in the US.
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Traders say Bitcoin price correction a ‘fake out’ before the next leg up
Bitcoin price reversed course with a surprise 5% correction over the past few days, but analysts say it is a healthy pullback.

TikTok Sends Dogecoin Price to 2-Year High as Twitter Says ‘Be Smart’
Gains from a fresh viral campaign in support of DOGE on TikTok lead to an appeal to speculators from the @Dogecoin account. 2671 Total views 31 Total shares Meme-based cryptocurrency Dogecoin (DOGE) is warning traders against speculation after its price gained 50% in 24 hours.In a tweet on July 8, the controller of the @Dogecoin…

The road not taken: Jealous brother claims twin earned $10M in Bitcoin
“His wealth in Bitcoin alone is more than 100 times greater than my entire net worth,” the “dumb” twin claims. 692 Total views 1 Total shares Many late adopters of Bitcoin often lament the fact they missed out on the chance to purchase coins when the price was under $1,000, $100, or even $1. However,…

FC Barcelona secures $132M investment for blockchain and NFT venture
The football club has been keen on creating nonfungible token collections for much of the past year. 208 Total views 11 Total shares Spanish football club FC Barcelona has secured a €120 million ($132 million) investment from Libero Football Finance AG and Nipa Capital B.V. for its Web3 initiative Barça Vision.According to the Aug. 11…

Trust the best strategy in crypto bear market — Trust Wallet CEO
Bringing the global crypto and blockchain communities together in Istanbul, Turkey, the Binance Blockchain Week 2023 was a clear indicator that the Web3 ecosystem continues to grow regardless of price movements. Despite being a Binance event, the conference housed several key players from the crypto industry. Among them was Trust Wallet, a decentralized Web3 wallet provider

SEC and CFTC Fine Crypto Investment App for Offering Synthetic Assets
U.S. regulators team up to fine and halt a crypto portfolio app offering synthetic exposure to traditional assets, which was not offered to U.S. investors. The Securities and Exchange Commission and Commodity Futures Trading Commission issued a joint fine to Abra, a crypto portfolio app that let users get synthetic exposure to traditional markets.According to…

Banks cautious about crypto ahead of COVID-19 testimony before US Senate
CEOs of major American banking institutions are heading to Washington to face legislators' questions about how they will aid a post-pandemic economic recovery. 1612 Total views 6 Total shares Major Wall Street bank executives will appear before the United States Senate Banking Committee on Wednesday to discuss the role of their financial institutions in the…

Bloomberg: Ethereum’s Rise is Speculative While Bitcoin’s Price Is Based on Fundamentals
Bloomberg finds Ethreum’s bull run to be speculative while contending that Bitcoin’s appreciation is driven by fundamentals. In its August crypto outlook, Bloomberg remained unimpressed with Ethereum, calling its rally “speculative”. The publication contends, however, that Bitcoin’s (BTC) rise is based on solid ground:“Ethereum has extended last year's highs and leaped to one of the…