Bitcoin returns above US$29,000 support level, most top 10 tokens rise

Bitcoin was the day’s biggest gainer, rising 2.11% in the past 24 hours. Ether rose 1.11%.

• 2023-08-02
• Bitcoin mining Litecoin Bitcoin Bitcoin halving

Bitcoin Jumps After U.S. Credit Downgrade. 2 Reasons It’s a Good Sign for Crypto.

A U.S. downgrade could bolster the theoretical case for decentralized currency, but market moves say more about the correlation between cryptos and stocks.

• 2023-08-02
• Fitch Ratings digital asset Bitcoin market reaction Wednesday morning

Coinbase Mulling Best Ways to Integrate Lightning Network for Bitcoin

Coinbase CEO Brian Armstrong has reiterated the crypto exchange’s intention to add support for Bitcoin’s Layer-2 scaling solution.

• 2023-08-02
• Lightning Network Brian Armstrong Coinbase Bitcoin Jack Dorsey

Coinbase Looks to Add Bitcoin Lightning for Payments

The move is part of the exchange's broader plan to improve cryptocurrency-based payments globally.

• 2023-08-02
• Lightning network Bitcoin Jack Dorsey Lightning

First Mover Asia: Asia Stocks Open Soft, Bitcoin Jumps Past $30K on MicroStrategy Filing and Despite Fitch Treasury Downgrade

PLUS: Bitcoin dominance sagged in July, absent a compelling BTC catalyst, and as altcoins seemed to benefit from a partial Ripple court victory.

• 2023-08-02
• CoinDesk Indices CoinDesk Bitcoin Todd Growth

Bitcoin Bounds Past $29.4K on MicroStrategy BTC Purchasing Plans; ADA, SOL Turn Green

CRV was up more than 5% after Tron blockchain founder Justin Sun purchased more than $2 million of the token. ETH, SOL remained in slightly negative territory despite climbing in recent hours.

• 2023-08-02
• MicroStrategy Bitcoin

The Ordinals Team is Creating a Non-Profit to Support Bitcoin NFT Developers

The team behind the Ordinals protocol, led by Casey Rodarmor, has created the Open Ordinals Institute to grow its ecosystem without compromising neutrality.

• 2023-08-02
• Ordinals non-profit organization core developers protocol development open-source development Bitcoin

MicroStrategy Makes Profit, Reports $24 Million Bitcoin Impairment Charge in Q2

The company has returned to profitability after a modest rise in the price of Bitcoin.

• 2023-08-02
• MicroStrategy Bitcoin Michael Saylor software company

Genesis Digital Assets Expands Bitcoin Mining Activity in ‘Pro-Innovation’ South Carolina

The mining firm is launching three locations in South Carolina, with its CEO citing the state’s “abundance of clean electricity” for the move.

• 2023-08-01
• South Carolina Bitcoin miners data centers GDA Bitcoin

Bitcoin Slides. Why Fears About ‘Curve DeFi’ Are Hitting Prices.

and other cryptocurrencies fell Tuesday as fears over the Curve decentralized finance platform rocked sentiment for digital assets, with key price levels at risk after recent declines. Bitcoin is now firmly below its 50-day moving average, which bodes ill for prices from a technical market perspective. “The minor breakdown increases risk to next support at the rising 200-day moving average around $26,700,” said Katie Stockton, managing partner at technical research firm Fairlead Strategist.

• 2023-08-01
• digital assets Bitcoin