China News Today Official TheBitTimes.com

Chinese cryptocurrencies including Filecoin, VeChain, and Tron have lost an average of 16% in August 2023. The Chinese narrative surrounding Hong Kong’s crypto adoption has failed to pump the tokens. The future of these tokens remains unclear amid uncertainty surrounding China’s stand on crypto. Cryptocurrencies based in or associated with China remain among the most closely followed by the crypto community. These crypto tokens were widely anticipated to rally this month, following the approval of retail crypto trading licenses in Hong Kong. However, the Chinese narrative appears to have had little impact on the Chinese crypto tokens. On August 3, 2023, the Hong Kong Securities and Futures Commission (SFC) granted the city-state’s first-ever crypto exchange licenses for retail trading. The move was expected to trigger a bull run for several Chinese crypto coins including Neo (NEO), Filecoin (FIL), VeChain (VET), Tron (TRX), and Ontology (ONT). Crypto trad...

Crypto Banter YouTube channel host Annii thinks Bitcoin price is in a critical state. Annii identified some crucial patterns in Bitcoin’s recent price behavior. She noted the patterns are forming and require a trigger to choose a trending direction A Crypto Banter YouTube channel host thinks Bitcoin price is in a critical state, and its next move will be crucial for how it will develop in September. In a recently uploaded video, the Crypto Banter host, Annii, identified some patterns in the Bitcoin price development. She noted the patterns are forming at critical support and resistance regions and require a trigger to choose a trending direction. Annii noted that the Asian session on the last day of August was over. Typical of such sessions, the Bitcoin price consolidated from the previous day’s gains. However, she further noted that the Bitcoin price behavior during the European and US sessions would be significant to what would play out in the next month. ...

The EOS Network Foundation has received whitelist approval from the Japanese regulator . Its token EOS has gained 4% amid the news. Initially, the EOS token will start trading on the cryptocurrency exchange BitTrade in September. Later, the token will be traded against the Japanese yen on different regulated exchanges nationwide. The #ENF is delighted to announce a significant development in #EOS’ journey towards widespread adoption. The $EOS token has been granted whitelist approval by the Japan Virtual and Crypto Asset Exchange Association (JVCEA). Read more https://t.co/06vqVmbF2U pic.twitter.com/MfNxjsWc90 — EOS Network Foundation (@EOSnFoundation) August 30, 2023 Following the news, EOS token has gained 3.7% in 24 hours, according to CoinMarketCap. Its market cap surged 4.5% to $688 million. EOS price | Source: CoinMarketCap The Japan Virtual and Crypto Asset Exchange Association (JVCEA) is a self-regulated entity composed of crypto exchanges in Japan. The organiza...

Aug 30, 2023 at 12:06 // Price Author Coin Idol Cryptocurrency price Analysis brought by Coinidol.com. Litecoin (LTC) price has rallied to a high of $70, although the positive momentum is short-lived. The cryptocurrency value has returned to the range where it was before. Long-term forecast of the Litecoin price: bearish The bullish momentum was not able to break the resistance at $70 or the 21-day line SMA. If the current resistance is broken, the altcoin will rise above the moving average lines. The bullish momentum will carry it to the prev...

The Hong Kong division of SEBA Bank, a Swiss bank supportive of crypto, has obtained in-principle approval from the Hong Kong Securities and Futures Commission [SFC]. This approval permits the bank to engage in transactions involving digital assets. JUST IN: 🇭🇰 Hong Kong bank SEBA gains approval to offer #Bitcoin & crypto services. — Watcher.Guru (@WatcherGuru) August 30, 2023 SEBA announced on Aug. 30 that its latest license will enable the bank to deliver crypto offerings, including over-the-counter derivatives, advice on virtual assets, and managing assets for discretionary accounts involving digital assets as well as traditional securities. The Hong Kong branch, however, won’t have the capability to convert between fiat currencies and cryptocurrencies. It can, nevertheless, direct clients to its Zug headquarters, which holds the necessary license for such conversions. Hong Kong marks the third market where SEBA has pursued a license. T...

Despite trimming debt and operational expenses, Argo Blockchain posted a net loss of over $18 million in H1 2023, records show. Argo Blockchain, a leading crypto mining company (LSE: ARB; NASDAQ: ARBK), has released its performance report for the first half of 2023. According to the report, in Q2 2023, Argo Blockchain decreased its non- mining operational costs and expenditures by 21% from the prior quarter, yielding a positive Adjusted EBITDA of $1.0 million for the quarter ($2.3 million for H1 2023). While its revenue dropped by 31%, the company achieved a 1% growth in its Bitcoin (BTC) mining operations during that period. The company’s debt was reduced by $4 million in the quarter, resulting in a cumulative debt decrease of $68 million from June 2022 to June 2023. The firm noted that it generated a revenue of $24.0 million in H1 2023, representing a 31% decrease from H1 2022. Argo attributes its revenue decline to the fall in the price of  Bitcoin and the surge in glob...

An increase in FUD could negatively impact BNB’s price soon, according to CryptoBusy. However, over the past 24 hours, BNB’s price was able to climb by 0.47%, which left the token trading at $217.71. From a technical standpoint, BNB was attempting to break above the key $220 resistance. The price of Binance Coin (BNB) could soon face a decline, according to a Twitter post shared by the educational platform CryptoBusy yesterday. This hypothesis was based on the fact that it only took about 2 weeks for FTX to collapse when the fear, uncertainty, and doubt (FUD) started to spread against them. CryptoBusy believes this could soon be the case for BNB as well, given its FUD has been experiencing drops and increases over the past 10 months. Although the CryptoBusy team believed the price of the utility token could go either way, they predicted that its increasing FUD could impact BNB negatively in the near future. #Binance coin $BNB check It only took 2 weeks f...

1. The United States’ second largest electric power firm, Duke Energy, is reportedly exploring bitcoin mining. The news was confirmed by Duke Energy’s Lead Rates and Regulatory Strategy Analyst Justin Orkney. He stated that the firm is running an ongoing study into bitcoin mining. Orkney also confirmed that Duke Energy is already hosting a small-scale system for several bitcoin miners. Read more 2. A common concern during cyclical downturns in bitcoin (BTC) mining is the extent to which miners are selling their BTC holdings, crypto exchange Coinbase (COIN) said in a research report last week. In times of market upheaval and a falling bitcoin price, margins compress across the board and force more miners to become net sellers, the note said. Given the price drop and the resulting loss of profitability, the financing environment for the mining industry has “shifted materially” since late last year, and raising capital in the public markets has become very difficult, Coinbase said. Still,...

Author: Wublockchain Joey Wu The crypto market, like the stock market, reflects people’s expectations of the future economy. The crypto market had already started a downtrend when people are still under the illusion that the Fed rate rises will not hit the market. And right now, investors are still divided on whether the U.S. economy is about to enter a recession, which means that the market’s expectations have not yet been agreed upon, so the downtrend is not yet over. Once the U.S. economy starts to officially enter a recession or a geopolitical conflict breaks out in full force, the bottom of the crypto market will appear. There are two types of recessions, one is inflationary and the other is deflationary, and the one the U.S. is about to face clearly belongs to the first type. Inflationary recession is characterized by high inflation and low unemployment in the early part of the recession and rising unemployment in the later part of the recession, but the inflation rate remains hi...

Also Read: “DOJ Needs to Sue Themselves”- Elon Musk on Charges Against SpaceX advertisement Local Bottom For BTC Price On August 24, 2023, Bitcoin saw a sharp fall surrounding the much awaited Powell speech. The Jackson Hole event led selloff was actually the largest liquidation event since December 2021. Meanwhile, crypto analyst CrediBULL stated that despite short positions placed below the $20,000 mark, there is no concrete testing of bullish sentiment for the top cryptocurrency. “Calls for 20k, 12k and 10k pouring in despite no actual break in bullish market structure to signal any sort of shift in momentum (first break is at 24.8k).” Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Trading Bots List 20...

How to Sell Large Amounts of Bitcoin: A Comprehensive Guide for Cashing Out Large Amounts With the increasing popularity of Bitcoin, many people are wondering how to sell their Bitcoin, especially when dealing with large amounts. Whether you’re a seasoned investor or a new adopter of crypto currencies, understanding the process of cashing out Bitcoin is crucial. In this comprehensive guide, we will explore the various methods and considerations involved in selling large amounts of Bitcoin, providing you with the knowledge and confidence to make informed decisions for your digital wealth. Also read: Binance Might ‘Not’ be Manipulating the Bitcoin Market Yet Source: Bitcoin Wisdom Understanding the Difference Between Cashing Out Small and Large Amounts of Bitcoin Before delving into the specifics of cashing out large amounts of Bitcoin, it’s important to understand the difference between cashing out small and large amounts. While the definition of “large...

The price of STX has been on the rise becasue of the new Ordinals Protocols. It is a new protocol that allows NFTs to be stored on the Bitcoin blockchain . advertisement Stacks (STX) Bags Inflows In the last two weeks, Stacks noted a massive price surge, but today, the altcoin exploded and rose by 66.84%. In doing so, the coin marked a local top of $0.6831. But the bullishness over the last 30 days combined with the cues from the broader market is the actual reason behind this rise. Source – CoinMarketCap According to data from the crypto market tracker CoinMarketCap, STX has observed rising bullishness since the beginning of this year, after successfully marking a bullish crossover on the day before. In the past four weeks, the token has surged nearly 120%, putting it among the top-performing cryptocurrencies so far. Transaction Volume Soars by 500% Stacks (STX) is currently ranked the 52nd-largest digital asset by market capitalization, but...