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Bitcoin Unfazed as CPI For July Increases by 0.2% MoM

The numbers for July’s Consumer Price Index are here. The market has failed to react as Bitcoin’s price recorded an ever-so-slight uptick in volatility before calming back down almost immediately. The Bureau of Labor Statistics of the United States has just revealed the rate of July’s Consumer Price Index. To those unaware, it’s the metric that many people use to gauge the rate of inflation in the country. Per the announcement, the Consumer Price Index for All Urban Consumers...

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Could the SEC Lawsuit End Binance for Good? Analysts Weigh In

Could a crypto world exist without Binance? Many analysts and traders are weighing in on this subject given the world’s largest digital currency exchange is facing a huge lawsuit from the Securities and Exchange Commission (SEC). Could Binance Come to an End? Not long ago, the SEC filed charges against Binance and claimed the company had broken securities laws for many years. It also said Binance had commingled company funds with those of customers. The exchange...

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Revolut to Expand its Crypto Division by 20% Despite Halting Services for US Clients (Report)

The leading financial technology company – Revolut – reportedly plans to increase its global cryptocurrency team by hiring up to 20% more employees by the end of 2023. The move comes somewhat unexpectedly since the firm recently disclosed that it will suspend digital asset services to US-based customers from September. As revealed by Financial News, Revolut is set to onboard over 1,000 people this year across the United Kingdom, Europe, and India. Approximately 40% of those...

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Circle CEO Jeremy Allaire Cites Major Threat to USD in Global Economy

[unable to retrieve full-text content]CoinspeakerCircle CEO Jeremy Allaire Cites Major Threat to USD in Global Economy The Circle CEO said that it's time for the US to build on-chain dollars and embrace the multichain future, otherwise, the reserve currency could lose market share to China and Europe. Circle CEO Jeremy Allaire Cites Major Threat to USD in Global Economy

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US SEC Could Dismiss Coinbase Motion Similar to Terraform Labs

[unable to retrieve full-text content]CoinspeakerUS SEC Could Dismiss Coinbase Motion Similar to Terraform Labs The SEC's handling of the Green United case offers insights into its potential approach to Coinbase's motion to dismiss, emphasizing the significance of the "major questions doctrine" in cryptocurrency lawsuits. US SEC Could Dismiss Coinbase Motion Similar to Terraform Labs

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Bitcoin Price Analysis: BTC Faces Uphill Task Near $30K

Bitcoin price started a fresh decline from the $30,200 zone against the US Dollar. The price is now trading above $29,200 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $30,000 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $29,000 support zone. Bitcoin price is declining below $29,600 against the US Dollar. BTC might eye...

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