CRYPTO NEWS: Latest BITCOIN News, PrimeXBT News, RIPPLE News, COINBASE News

CRYPTO NEWS: Latest BITCOIN News, PrimeXBT News, RIPPLE News, COINBASE News
Bitcoin consolidates, which could cause a sharp downward correction.
The price of bitcoin faces strong resistance around $46,700 against the U.S. dollar.

The bitcoin price is still facing a strong barrier near the $46,500 and $46,700 resistance levels. On the hourly chart of the BTC / USD pair, there was a break below the main bullish trend line with the support of around $46,000. The pair is now above the $45,000 zone and the 100-hour simple moving average. The closest support for the decline is near the $45,450 level.
The 61.8% Fibonacci retracement level of the upward move from the swing low of $44,714 to the high of $46,699 is also near the $45,450 level. On the other hand, an initial resistance is near the $46,200 level.
Bitcoin price faces obstacles

The $ COV token is now available for purchase on PrimeXBT.
COV token rate opens three new levels of accounts in the transaction copying module

PrimeXBT is exclusive to the Covesting copy trading platform thanks to an existing B2B license agreement between the two financial industry hubs.
By blockchain COV tokens, Covesting users can gain access to one of three levels of account membership.
The new yield generation module allows users to easily connect to today's most popular DeFi protocols and access the APY variable on any unoccupied crypto-assets stored in PrimeXBT's secure wallet system. Using PrimeXBT's internal systems and Covesting software technology, users can bypass the strictly technical techniques required to access the DeFi-best APY.
A token $ COV is available on PrimeXBT

Cryptocurrency market capitalization is approaching $2 trillion.
Total cryptocurrency market capitalization fell to $1.2 trillion at one point in June.

Market capitalization resumed rising as the price of the most popular coins rose significantly in the market. Getting back to $2 trillion remains an important challenge for the market as a whole. The total capitalization of the cryptocurrency market has surpassed $500 billion in the past three weeks. The culmination is the current market capitalization exceeding $1.8 trillion.
Cryptocurrency market capitalization

Neuberger Berman's $400 billion investment manager expands fund strategy to include bitcoin and ether.
The fund managed by Neuberger Berman has opened the door to bitcoin and ether derivatives and investment vehicles.

The Neuberger Berman Commodity Strategy Fund will allow active management of cryptocurrency and digital asset investments through cryptocurrency derivatives, such as bitcoin and ether futures, and bitcoin trust and exchange investments. -Trading funds to gain indirect access to bitcoins."

Ripple and GME Remittance join forces for immediate payments from South Korea to Thailand.
GME Remittance will now be able to establish a financial bridge between South Korea and Thailand by operating on the Ripple network.

Ripple announced that one of South Korea's leading non-bank money transfer providers, Global Money Express Co. LTD. As a result, the financial institution can now connect to Siam Commercial Bank and initiate South Korea and Thailand.

Coinbase tops estimates with 1.9 billion transactions as COIN shows strength.
Coinbase beat second-quarter earnings forecasts in the form of transactions on the largest publicly traded cryptocurrency exchange.

In its second earnings report since going public this year, the exchange posted $1.9 billion in transaction revenue, $400 million more than expected. The earnings report released by Coinbase on Aug. 10 was sent to shareholders of MONETA shares.

Ripple soars to $1 as altcoins rise.
The price of XRP continues its bullish leg, surpassing $1 for the first time since May.

Ripple has been one of the best performing cryptocurrencies in nearly three weeks. The international money transfer token is currently trading 96% above its May and July lows. Support at $0.5 played a crucial role in ensuring that losses did not reach the $0.4 and $0.3 levels, which could have completely paralyzed the bulls.

CEO sentenced to 6 years for COVID fraud, ICO fraud, and more.
A former fintech CEO pleaded guilty to charges of COVID-19 pandemic loan fraud and cryptocurrency fraud.

Justin Cheng, for DOJ release, was sentenced "for several fraud schemes he perpetrated." Among the alleged crimes, Cheng raised $400,000 for a startup that used blockchain technology and was named Alchemy Coin. Prosecutors said Cheng misled investors about the viability of the project and the legitimacy of the initial coin offering conducted in connection with it.