7 Crypto News of the Week – August 18th Arzakhbar

7 Crypto News of the Week – Arzakhbar

Bitcoin’s price fall

According to a recent article on Cointelegraph, there are several theories as to why Bitcoin’s price fell approximately 8% in a span of 10 minutes. Some of the theories raised include Elon Musk’s SpaceX reportedly selling its Bitcoin (BTC) holdings, the bankruptcy of a Chinese property giant, and fears of interest rate hikes. Another theory is that the drop could be due to a report that SpaceX may have offloaded some or all of its $373 million in Bitcoin holdings, which came from an Aug. 17 article from the Wall Street Journal. However, there appears to be no consensus as to why the markets suddenly dropped.

Crypto Controversy: Republican responsible for overseeing the SEC

Crypto Controversy: Republican lawmakers on the U.S. congressional committee responsible for overseeing the Securities and Exchange Commission grilled Gensler over Prometheum’s SEC Blessing.

Lybra Finance listing

OKX will list Lybra Finance ($LBR).

PayPal Will Pause Crypto Purchases In UK

PayPal has announced that due to the UK’s Financial Conduct Authority (FCA) coming up with new rules, it will come into effect on October 1, 2023.

Robert Kiyosaki Rejected WSJ Report

Robert Kiyosaki, an American entrepreneur, denied the Wall Street Journal’s (WJS) report about the strength and strong positioning of the US economy.

Assessing Bitcoin Ordinals

Assessing Bitcoin Ordinals’ crest and trough season since July: Here’s how Bitcoin Ordinals fared over the last month. At some point, activity on the network was quiet. Other times, it was not.

Gitcoin and Shell Partner to Leverage Blockchain for Climate Solutions

Gitcoin and Shell Partner to Leverage Blockchain for Climate Solutions: Gitcoin collaborates with Shell to incentivize renewable energy adoption using blockchain. The partnership includes funding for Climate Solutions.



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