Bitcoin and cryptocurrency news roundup for August 31, 2022

Bitcoin

Bitcoin

@bitcoin

Today's News

After a slight rebound, bitcoin prices have once again begun to slide, this time back down to the $20,000 mark. Other cryptocurrency prices have followed suit, with Ethereum and Dogecoin both seeing significant drops. This comes as Robert Kiyosaki, author of "Rich Dad Poor Dad," warns of an imminent market crash. Meanwhile, the US stock market has seen a three-day decline, with strong job openings report backing views for a hawkish Fed.

Outline

-Bitcoin's price falls back to $20,000

  • Cryptocurrency is a high-risk investment
  • How 1-time passcodes became a corporate liability
  • Ransomeware: recovering after an attack
  • Ethereum founder issues urgent upgrade warning
  • Is now the time to buy Bitcoin?
  • What trends are driving the European fund industry?
  • How things may go from bad to worse for Bitcoin
  • What is the criminal use of cryptocurrency?
  • What is the Brazilian crypto exchange Digitra.com?
Crypto Weekly: Bitcoin slides back to $20,000

Crypto Weekly: Bitcoin slides back to $20,000

From bitcoin’s big slide back towards $20,000 to what a court says you can’t buy with Central African Republic’s new coin, we round up the week's big stories in the world of virtual money. Trevor Koroll reports.

Cryptoverse: Bleeding bitcoin's holding out for a hero

Cryptoverse: Bleeding bitcoin's holding out for a hero

Cryptoverse: Bleeding bitcoin's holding out for a hero  Reuters

Bitcoin mining powers the system that oversees transactions and creates new bitcoins

Bitcoin mining powers the system that oversees transactions and creates new bitcoins

Bitcoin mining is the way transactions using the cryptocurrency are validated and how new bitcoins are added into circulation.

Shorting cryptocurrency is a high-risk, advanced investing strategy. Here's how it works

Shorting cryptocurrency is a high-risk, advanced investing strategy. Here's how it works

Investors can short cryptocurrencies like Bitcoin, but high volatility and lack of crypto regulation make it particularly risky.

'Rich Dad Poor Dad' author Robert Kiyosaki warns of an imminent market crash

'Rich Dad Poor Dad' author Robert Kiyosaki warns of an imminent market crash

The personal-finance guru predicted stocks, bitcoin, and other assets would plunge in price, and urged investors to pounce on the bargains that emerge.

US stocks see 3-day decline as strong job openings report backs views for a hawkish Fed

US stocks see 3-day decline as strong job openings report backs views for a hawkish Fed

Job openings unexpectedly increased to 11.2 million in July, indicating the labor market remains tight.

A Retiree’s Guide to Trading Crypto

A Retiree’s Guide to Trading Crypto

Retirement sometimes leaves a lot of time on your hands that you can use to pursue a hobby, a business idea, or anything that catches your fancy. Many people use...

How 1-Time Passcodes Became a Corporate Liability

How 1-Time Passcodes Became a Corporate Liability

Phishers are enjoying remarkable success using text messages to steal remote access credentials and one-time passcodes from employees at some of the world's largest technology companies and customer support firms. A recent spate of SMS phishing attacks from o…

Advanced cyber-attack: NHS doctors' paperwork piles up

Advanced cyber-attack: NHS doctors' paperwork piles up

They say it could take months to clear the backlog caused by a continuing cyber-attack.

Can Bitcoin Reach $100,000?

Can Bitcoin Reach $100,000?

The simple answer to this burning question comes with important caveats.

Is Now the Time to Buy Bitcoin?

Is Now the Time to Buy Bitcoin?

One statistic shows that Bitcoin is at some of its lowest levels ever.

Why Bitcoin, Ethereum, and Dogecoin Are Falling Today

Why Bitcoin, Ethereum, and Dogecoin Are Falling Today

Most cryptocurrencies fell along with stocks today, as investors continue to try and figure out the macro outlook.

Shiba Inu: Bull vs. Bear

Shiba Inu: Bull vs. Bear

Is the cryptocurrency gearing up for another explosive run?

US stocks attempt to rebound as bond yields slip and investors move past hawkish Powell comments

US stocks attempt to rebound as bond yields slip and investors move past hawkish Powell comments

The subdued move in bond yields suggests investors aren't fully buying the extra-hawkish attitude that was on display by Powell last week.

Why Bitcoin Can Crash To $12,000

Why Bitcoin Can Crash To $12,000

I always say that charts are a great way to predict the past. Surprisingly this can make them very useful and crypto lends itself quite nicely to technical analysis.

Ethereum Founder Issues Urgent Upgrade Warning After Wild Bitcoin And Crypto Price Swings

Ethereum Founder Issues Urgent Upgrade Warning After Wild Bitcoin And Crypto Price Swings

Ethereum cofounder Vitalik Buterin has warned users to update their clients before the beacon chain hard fork begins early next week...

Ransomware: Recovering after an attack

Ransomware: Recovering after an attack

Ransomware attacks have existed for decades and their perpetrators keep advancing in their abilities. By evading detection, encrypting user files, and coercing unsuspecting victims into paying ransoms, ransomware attackers have threatened the survival of many…

How Things May Go From Bad To Worse For Bitcoin (Technical Analysis)

How Things May Go From Bad To Worse For Bitcoin (Technical Analysis)

Bitcoin created a very large wave one $69k - $32k. Read more to see my technical view on how BTC could go lower and see where it may land.

Which Trends Are Driving The European Fund Industry?

Which Trends Are Driving The European Fund Industry?

The general economic outlook for the second half of 2022 and beyond is marked by geopolitical tensions in Europe and Asia, high inflation rates, increasing interest rates, and disrupted...

Charlie Munger Predicted 'Considerable Trouble' For Markets: SPY Implications

Charlie Munger Predicted 'Considerable Trouble' For Markets: SPY Implications

Earlier this year, Charlie Munger predicted that the markets would face considerable trouble. Check out our approach to investing in the current environment.

Can Privacy-Focused Bitcoin Projects Avoid OFAC Sanctions?

Can Privacy-Focused Bitcoin Projects Avoid OFAC Sanctions?

Bitcoin that’s been sent through privacy-preserving mixers could be vulnerable to censorship. But there are some workarounds in progress.

Bitcoin Mining Difficulty Poised to Spike by Most Since January Amid Colder Weather

Bitcoin Mining Difficulty Poised to Spike by Most Since January Amid Colder Weather

Some analysts are starting to see the seasons of Texas constitute the new seasons of bitcoin mining.

El Salvador’s Bitcoin Bond Delays Continue; Investor Interest Wanes: Report

El Salvador’s Bitcoin Bond Delays Continue; Investor Interest Wanes: Report

The chief technology officer at Bitfinex and Tether said he hopes the bond can still be rolled out this year, despite a plunging bitcoin price.

First Mover Americas: Bitcoin Holds $20K Level; Altcoins Recover as Market Sentiment Improves

First Mover Americas: Bitcoin Holds $20K Level; Altcoins Recover as Market Sentiment Improves

The latest price moves in bitcoin (BTC) and crypto markets in context for August 30, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Market Wrap: Bitcoin's Price Retreats Along With Stocks

Market Wrap: Bitcoin's Price Retreats Along With Stocks

Risk assets trade down as global economic fears persist. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.

First Mover Asia: Taipei Blockchain Week Imperiled by Government’s COVID-19 Quarantine; Bitcoin Rebounds Above $20K

First Mover Asia: Taipei Blockchain Week Imperiled by Government’s COVID-19 Quarantine; Bitcoin Rebounds Above $20K

Taipei Blockchain Week organizers are exploring the use of residency visas for potential attendees and are optimistic they will hold a successful event; ether climbs to about $1.5K.

Ether, Bitcoin Could See Turbulence as Open Interest Leverage Ratio Soars to Record High

Ether, Bitcoin Could See Turbulence as Open Interest Leverage Ratio Soars to Record High

"The rising ratio indicates open interest is outpacing market size and increases the risk of volatility," one researcher said.

Criminal Crypto Use Is Growing, but That’s Just Half the Story

Criminal Crypto Use Is Growing, but That’s Just Half the Story

Data suggests that while authorities are getting better at sniffing out dark web markets, dark web markets are getting better at not getting sniffed out.

Brazilian Crypto Exchange Digitra.com Launches Trading Platform Using Nasdaq's Cloud-Based Technology

Brazilian Crypto Exchange Digitra.com Launches Trading Platform Using Nasdaq's Cloud-Based Technology

Nasdaq’s Marketplace Services Platform will support Digitra’s new Trade to Earn feature that awards tokens for every executed trade.