Bitcoin News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. 

As Russia entered the sixth month of its brutal war against Ukraine, Ukrainians celebrated their Independence Day on August 24. So far, nearly BTC 600 and ETH 10,190 have been donated to Ukraine, and the country blocked a digital asset account supporting the invasion.

After a short break, meme stocks are on the move again, making headlines and (only) some people rich, with two important messages for the Cryptoverse coming out of it: that the Robinhood-type traders could be turning to the new meme stock instead of crypto, but also that, ironically, the issues they face there may redirect them right back to crypto.

Three of the Central Asian countries — Kazakhstan, Uzbekistan, and Kyrgyzstan — have been hit by a power blackout after Kazakhstan’s North-South power line was disconnected due to “emergency imbalances.”

The international hacker collective Anonymous is reportedly trying to buy off the already demoralized Russian troops by offering USD 44,280 in bitcoin (BTC) in return for every surrendered tank.

Bitcoin price might extend losses to USD 20,000. Ethereum could dive below USD 1,400, XRP traded close to the USD 0.32 support. MATIC and SOL are down over 8%.

The US Federal Reserve (Fed) has hiked interest rates by 75-basis points, in line with what most analysts expected.

Investment banking giant Goldman Sachs is reportedly stepping up its work on crypto by exploring whether it should offer over-the-counter (OTC) crypto options. The news came as the firm said it is leaving Russia, becoming the first major Wall Street bank to do so after the war in Ukraine started.

Major crypto exchanges once again experienced multiple technical issues today as bitcoin (BTC) trading volume almost doubled today, surpassing USD 95bn, and dogecoin (DOGE) rallied in triple digits.

The fate of crypto mining in the de factor Caucasus-based state of Abkhazia has taken another bizarre turn after the government announced it would be building a new IT park dedicated to mining tokens.