"I choose to respond to life's provocations, not with anger, resentment, or regret,
but with equanimity and a focus on positive action."
- Jonathan Lockwood Huie

Powered by Super Coffee - Positive Energy!

Happy Humpday Folks! Bitcoin has once again bounced off $20K like a diver jumping off a dive board. Will this lead to $30K? Hang in there we are about to find out. Looking at the daily chart, $21.5K presents some overhead resistance but if that clears $25K+ is in play.

Late last evening, the top trending news was about Congress calling on crypto exchanges and regulators to account for fraud and scams in crypto and today the news cycle is slow this morning with no news trending at the present time. That said, El Salvadors's Bitcoin bond delays continue. The Merge news has also died down a bit as Ethereum users largely ignoring the upgrade; miner balance reaches four-year high.

Bitcoin Blockchain news is quiet as well with only a couple topics being discussed: Privacy on Bitcoin & zero emissions. Cardano Blockchain have a couple topics as well: Censorship and NFT lending platform launch. Bitcoin mining is becoming more competitive. 

Legal battles rages on with Singapore count ruling in favor of Bithumb founder and Coinbase suit is gaining pace.

TRENDING

• Attorney files to withdraw from Tether, Bitfinex, Tron and Binance suits (TB | Blockworks | Cointelegraph | TB | Cointelegraph | Blockworks | Coindesk)
• Bitcoin mining difficulty jumps 9.26% in the largest increase since January (TB | BIC | CryptoPotato | Coindesk)
• Crypto.com Ditches $495 Million Sponsorship Deal With Champions League Soccer: Report (Decrypt | TB | Cointelegraph)

CRYPTO MARKET

• Atozy Thanks Crypto Community and Responds to BitBoy U-Turn (BIC)
• Crypto volatility may soon recede despite high correlation with trad-fi (Cointelegraph)
• Crypto Faith Strong Across Americas Despite Global Drop: Survey (Blockworks)
• $1 Billion "Crypto Bailout" Attempted by FTX Boss, Here's Outcome (UToday)
• Shopify's Developer Advocate Joins Ripple (UToday)
• Crypto Market Stays In Deep Fear As Bitcoin Continues To Struggle (NewsBTC)

BITCOIN

• Potential Bitcoin price double-bottom could spark BTC rally to $30K despite ‘extreme fear’ (Cointelegraph)
• El Salvador’s Bitcoin Bond Delays Continue; Investor Interest Wanes: Report (Coindesk)
• Bitcoin Price Prediction 2022: $10-20K (Richard Knight)
• Bitcoin Trades Above $20,000, Has The Fed Failed Again? (NewsBTC)
• Bearish Indicator: Bitcoin Short Exposure Surge To New All-Time High (NewsBTC)
• Ethereum to $2K? ETH price 'bull flag' hints at September gains versus Bitcoin, dollar (Cointelegraph)
• Bitcoin Trading Volume Excluding Binance Remains At Yearly Lows (Bitcoinist)
• Bitcoin On-Chain Activity Bleeds Despite Hashrate Growth (Bitcoinist)
• Bitcoin holds $20K, but analysts say BTC open interest leaves room for ‘more deleveraging’ (Cointelegraph)

THE MERGE

• Ethereum Merge Hype Limited As New ETH Users Largely Ignore Highly Anticipated Upgrade: Analytics Firm (TDH)
• Ethereum miner balance reaches four-year high weeks before the Merge (Cointelegraph | BIC)
• Vitalik Buterin Explains How Ethereum (ETH) Can Resist Censorship After The Merge (TDH)
• Buterin and Armstrong reflect on proof-of-stake shift as Ethereum Merge nears (Cointelegraph)
• Total Staked ETH More Than Doubles Ahead Of Ethereum Merge (Bitcoinist)

VASIL HARD FORK

• Cardano’s September Vasil Hard Fork FOMO Boosts Enthusiasm As $1 ADA Price Beckons (ZyCrypto)
  

ALTCOINS

• Price analysis 8/31: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB (Cointelegraph)

MT. GOX

• Mt. Gox repayment date delayed again to mid-September; Here’s the latest (Finbold | Cointelegraph)

ANALYST'S CORNER

• Michael Purves: Wall Street veteran turns bearish on Bitcoin over fading long-term momentum (Finbold)
• CoinMarketCap: Crypto community predicts bullish Solana price for the end of September - $43.48 (Finbold)
• Glassnode: Crypto Analytics Firm Says Bitcoin (BTC) Hodlers’ Resolve Remains Rock Solid – But There’s a Catch (TDH)

ADOPTION

• Famous watchmaker Jacob & Co reveals Bitcoin-themed luxury watch (Finbold)
• More Hong Kong Institutions Abandoning Crypto (UToday)

BLOCKCHAINS

• Can Privacy-Focused Bitcoin Projects Avoid OFAC Sanctions? (Coindesk)
• Bitcoin could become a zero-emission network: Report (Cointelegraph)
• Can Ethereum Out-Engineer the Censors by 'Shuttering' the Beacon Chain? (Coindesk | Cointelegraph)
• Here's Why XRPL Might Be Years Away from Smart Contracts Release (UToday)
• Cardano Reaches New Milestone as First NFT Lending Platform Set to Launch (UToday | Cryptoglobe)
• Helium (HNT) Developers Consider Moving Network Over to Solana (SOL) Blockchain (TDH)
• Twitter brings back suspended NFTs accounts as Solana threatens to pause ad spend (Cointelegraph)

EXCHANGES/ATMS

• Largest Crypto ATM Operator Eyes Acquisitions, Global Expansion (Blockworks)
• After Binance, FTX Signs Agreement With The S.Korean City Of Busan To Launch Crypto Exchange (ZyCrypto | CryptoPotato)
• Bybit expands spot USDC trading pairs as support for stablecoins grows (Cointelegraph)

MINING

• Bitcoin mining has never been more competitive even as BTC loses 13% in August (Cointelegraph | BIC)
• Bitcoin Mining Execs Make Serious Bank Versus Other Industries (Blockworks)
• Ethereum Mining & PoS Activities Are ‘Prohibited’ Says Blockchain Data Service Provider (BIC)
• Bitcoin mining stock report: Tuesday, August 31 (TB)

REGULATORY WATCH

• Georgia aims to adopt European crypto standards for Anti-Money Laundering (Cointelegraph)
• Why Japan Could Ease Crypto Regulations To Revitalize Economy (Bitcoinist | UToday)
• Bitcoin Bill Rejected By Paraguay’s President – Here’s Why (Bitcoinist)
• Waves Founder Suggests Crypto Regulations To Control Market Manipulation (Bitcoinist)

LEGAL BATTLES

• Singapore court rules in favor of Bithumb founder in acquisition case (Cointelegraph)
• Lawsuit against Coinbase gains pace as investors urged to file lead plaintiff motion (Finbold)

LISTEN

• Bitcoin Fundamentals: BTC093: The Debt Spiral Defined w/ James Lavish (Bitcoin Podcast)
• Bitcoin Magazine: Bitcoin Maximalism And The Best Possible Outcome w/ Pete Rizzo
• What Bitcoin Did: Bitcoin for Libertarian Socialists with Ben de Waal 
• Bitcoin Audible: Read_647 - Understanding Decentralization in Bitcoin [Arman the Parman]
• The Scoop: BlockFi CEO shares lessons learned from liquidating 3AC
• The Crypto Conversation: Identity.com - Pseudonymous on-chain identity verification

Disclaimer: If you take anything I post as financial advice that's on you boo! I curate news information daily (with the knowledge I've acquired since 2011) to provide you a view of what is happening around the Digital Asset space. If YOU decided to buy, hold, or trade Digital Assets as a result of reading what I've posted, that is YOUR decision and this isn't advice. You should discuss any investments with your financial advisor and if you don't have one, find one.