Crypto News
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Bitcoin Gains Ground on Gold as One Coin Buys More Than 18 Ounces
Bitcoin now buys slightly more than 18 ounces of gold, the strongest bitcoin-to-gold ratio since January. CoinDesk linked the joint rally in both hard assets to concerns about inflation reducing government debt burdens.
Bitcoin-Gold Correlation Hits Six-Year High as Debasement Fears Mount
Bitcoin’s correlation with gold has reached a six-year high, Bitcoin Magazine reports, as concerns over currency debasement and confidence in the U.S. dollar shape trading in both assets.
French Hill Sees Bipartisan Route for Clarity Act Before September Vote
French Hill said Democrats and Republicans have narrowed their differences over the Clarity Act, raising the prospect of bipartisan progress before a September vote, Bitcoin Magazine reported.
Kraken and SoFi Connect Crypto Trading With Banking Services
Kraken and SoFi agreed to connect crypto trading with banking and payment infrastructure. The initiative follows SoFi’s bitcoin-trading launch last year and is intended to support broader digital-asset markets.
Bitcoin Climbs Above $81,000 as Crypto-Linked Stocks Rise
Bitcoin rose above $81,000 on Thursday, while crypto-linked stocks also advanced, Bitcoin Magazine reported. The move marks another rally for bitcoin and a broader positive reaction across related equities.
Standard Chartered Debuts Bitcoin Trading in the United Arab Emirates
Standard Chartered has launched bitcoin trading in the United Arab Emirates, Bitcoin Magazine reports. The UAE joins other markets where the bank has introduced spot bitcoin trading in recent years.
Ontology Requires Urgent Node Upgrade After Malicious Activity
Ontology requires nodes to upgrade to version 3.1.5 after malicious activity hit the chain following a restart. The attack path and wider service-recovery details remain undisclosed, according to CryptoSlate.
SEC Chair Expects Clarity Act to Pass This Month as Crypto Regulation Advances
SEC Chair Paul Atkins expects the Clarity Act to pass this month, Bitcoin Magazine reports. The projection comes despite a delayed vote as the SEC continues advancing its cryptocurrency regulatory agenda.
Cornell University Survey Examines Bitcoin’s Use When Banking Fails
Cornell University surveyed 25,880 people about Bitcoin use. Bitcoin Magazine reports that, despite limited technical understanding among many users, the asset is proving useful for some when traditional banking services fail.
Capital B Secures €7.6 Million From Adam Back for Another Bitcoin Purchase
French company Capital B raised €7.6 million from Adam Back to fund another bitcoin purchase, following a bitcoin fundraiser conducted by the company last month, Bitcoin Magazine reported.
G20 officials back clearer digital-asset pathways and better cross-border transactions
G20 officials under the US presidency said digital assets could support broad-based economic growth and called for improved cross-border transactions, while promoting clearer pathways for digital-asset innovation.
Bitcoin Defies Seasonal Slump With Third-Best August Ever
Bitcoin recorded its third-best August ever, Bitcoin Magazine reported, defying the summer lull analysts say is typical for the cryptocurrency. The report highlights an unusually strong seasonal performance for BTC.
BlackRock’s Bitcoin Trust Outperforms Vanguard’s Top S&P 500 ETF
BlackRock’s iShares Bitcoin Trust is outperforming Vanguard’s S&P 500 ETF, Bitcoin Magazine reports. The comparison underscores the relative performance of bitcoin exposure versus a major U.S. equity-market fund.