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Bitcoin price bounces 4% as triple 'death cross' sparks sub-$50K warning

BTC price weakness sees negative funding rates and a distinctly risk-off mood among Bitcoin traders. Source link

Dubai court recognizes crypto as a valid salary payment

UAE lawyer Irina Heaver said the ruling shows the growing acceptance of crypto in employment contracts, recognizing the evolving nature of Web3 financial transactions. Source link

Bank of Ghana unveils draft rules for cryptocurrency exchanges

The Bank of Ghana introduces draft guidelines to regulate digital assets, focusing on exchanges and consumer protection measures. Source link

Institutions not so interested in Bitcoin at $58K, metric shows

10x Research’s Markus Thielen says there’s one stablecoin metric that is key to indicating institutional interest in Bitcoin, but it’s not flashing green right now. Source link

Meta denies claim more than half of Facebook crypto ads are scams

Australia’s competition watchdog has claimed 58% of crypto ads on Facebook are scams; Meta says the data is old and unreliable. Source link

Bitcoin has room to fall amid ‘unusual’ open interest: CoinGlass

Total open interest on Bitcoin futures hit $29 billion on Aug. 16 despite a decline in Bitcoin’s price. Source link

Bitcoin critical indicator prints ‘bearish cross’ as it sinks below $58K

The crossing of this indicator on two different timeframes has signaled to traders that short-term performance may be weakening, sparking fear in the market. Source link

Bitcoin sidechain creators tout new ‘permissionless’ version BitVM2

Robin Linus has unveiled a new whitepaper for BitVM2 and BitVM Bridge, two new developments that offer significant improvements to the original version of BitVM. Source link

IMF execs float raising crypto mining electricity prices by 85%

A tax on the energy used by crypto miners could cut emissions by 100 million tons a year, equal to Belgium’s emissions, say two IMF executives. Source link

Low users, sex predators kill Korean metaverses, 3AC sues Terra: Asia Express

Low user numbers and sex predator scandals are killing South Korean metaverses, 3AC sues Terra, Malaysian crypto kidnappings. Asia Express. Source link