CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, BINANCE News, COINBASE News

CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, BINANCE News, COINBASE News
Bitcoin begins recovery, why closing above 100 SMA is important
The price of bitcoin has started a new rise from $37,500 support against the U.S. dollar.

The bitcoin price continued its decline below the $38,200 and $38,000 support levels. A base was formed around $37,500 before the price started a new rise. Earlier on the hourly chart of the BTC / USD pair, there was a break above the main bearish trend line with resistance around $38,250. The pair did well above the $38,000 and $38,500 resistance levels.

Why Ethereum looks poised for another leg higher than $3,000
Ethereum has started a strong rally above $2,550 resistance against the U.S. dollar.

Ethereum formed a support base above the $2,450 zone. As a result, there was a new rally and the ETH price rose above the $2,550 resistance zone to enter the bullish zone, outperforming bitcoin.
There was also a break above the main bearish trend line with resistance around $2,600 on the hourly ETH / USD chart. The pair moved above the $2,600 level and well above the 100-hour simple moving average.

Senators propose excluding miners and software developers from the definition of cryptocurrency broker in the infrastructure bill
A trio of U.S. senators is proposing to legally exclude cryptocurrency companies, including miners and software developers.

The Viden-Lammis-Toomey amendment, released Wednesday, Aug. 4, comes days after it first became known that the trillion-dollar infrastructure bill included language aimed at tightening reporting requirements for “brokers” in digital assets. But critics were quick to point out the vague language used in the provision, which they said could expose companies not involved in the actual brokering of digital assets to overly burdensome regulation.

Coinbase halts Bitcoin SV trading after another 51% attack
Bitcoin SV is in trouble again after Coinbase announced it is halting BSV trading on the platform.

Bitcoin SV was the target of a massive 51% attack early Tuesday, Aug. 3, an attack that Blockchain developer Nikit a Zhavoronkov called “the largest since launch.” He also said on Twitter that the reorganization spanned 100 blocks and wiped out 570,000 Transactions.

El Salvador, Spain consider a bill to allow cryptocurrency mortgage payments
According to the Spanish newspaper 20 Minutos, Spain may very soon allow people to pay their mortgages in cryptocurrency.

20 Minutos reports that Spanish lawmakers are studying a proposal that would take care of the ability to pay for mortgages with cryptocurrency. The Digital Transformation Law, as it is called, would make cryptocurrency and blockchain legitimate, while tax breaks are being considered for organizations seeking to operate under the umbrella of artificial intelligence, including blockchain technology.

Coinbase Ventures and Gemini join $6 million initial round for crypto platform Onramp Invest
Onramp Invest, a cryptocurrency investment platform for financial advisor clients, has raised $6 million in an initial funding round.

The round was backed by prominent investors including Coinbase Ventures, Gemini Frontier Fund, Galaxy Digital, Galaxy Fund Management, Ritholtz Wealth Management, WisdomTree, Fox Ventures, and Eterna Capital.
With the fresh capital, California-based Onramp Invest plans to expand its team and services to registered investment advisors, as well as explore registering brokers and dealers.
Coinbase Ventures and Gemini

Binance will bring cryptocurrency and fiat payments to Shopify users through the Alchemy Pay partnership
Shopify customers are being billed to receive a new payment alternative via cryptocurrency payments, which will become possible thanks to Binance.

According to the official announcement, the partnership will help Binance users use the Binance Pay app to perform cryptocurrency transactions with more than 40 supported digital currencies. As part of the mutually beneficial partnership, Alchemy Pay customers will also gain additional access to cryptocurrency payments through Binance Pay, a move that delivers cryptocurrency directly to the former’s global partners, including Shopify.

Bitcoin miner The9 will build a 100 MW facility in Kazakhstan through a joint venture
The9 City, headquartered in Shanghai, is building a 100-megawatt mining facility in Kazakhstan as it migrates overseas following a crackdown by China.

The Nasdaq-listed bitcoin miner said its subsidiary NBTC Ltd has signed investment terms with Kazakh mining partner KazDigital. The goal is to establish a joint venture in the region to build a 100 MW crypto mining facility by Q1 2023.

CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, BINANCE News, COINBASE News

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