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Bitcoin realized price bands form key resistance as bulls lose $24K

Bitcoin (BTC) consolidated lower on Aug. 9 after familiar resistance preserved a multi-month trading range. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin navigates whale price ladder Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling under the $24,000 mark overnight after rejecting near $24,200.  The pair had seen swift gains to start the week …

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UK Parliamentary Group Starts Crypto Inquiry to Form Policy Recommendations

Following the recent crypto market slump, which has seen several companies collapse and billions of dollars lost, regulators worldwide are scrambling to set up more robust crypto rules. Other major economies including the European Union and the U.S. have rules for stablecoins as well as licensing frameworks for crypto service providers in the works. Source …

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UK Wants New Form of Property For Bitcoin – Bitcoin Magazine

The Law Commission of England and Wales, an independent consultant firm for legal reform originally commissioned by the parliament, has proposed a new category of property to encompass digital assets such as bitcoin in a 549 page proposal. How could this change the way the United Kingdom interacts with and recognizes bitcoin, and why was …

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