TL;DR news on Bitcoin at August 26, 2023

Bitcoin, which continues to lead cryptocurrency prices, remains highly correlated with tech stocks, and all three of the major stock averages were higher Friday. Tags in this story Analysis, Bitcoin, BTC, ETH, LUNA, Technical Analysis Will these latest support points hold firm this weekend? Leave your thoughts in the comments below. Its closest competitor by value, Ethereum, is notorious for high network fees and is still worth less than half as much as Bitcoin by market cap. Venture capitalists deployed more than $30 billion into web3 last year, much of which flowed to projects on chains that innately enable smart contracts, unlike Bitcoin. Stacks, formerly known as BlockStack, plays a crucial role in expanding use cases for Bitcoin. DApps built on the Bitcoin network with Stacks include CityCoins, a token protocol through which local governments can raise money from investors, and NFT exchanges such as Hey Layer and Gamma.io. Bitcoin Weekly chart with detailed EWP count and technical indicators. Close HomeFinanceBlockchainBitcoin How do I buy Bitcoin? The Crypto Coach shows you how Bitcoin is the gold standard of cryptocurrencies. Read now What's the first thing that pops into your mind when you think about crypto? I bet it's Bitcoin. The creator of Bitcoin is allegedly a computer programmer named Satoshi Nakamoto, whose true identity has yet to be revealed. Nobody truly knows who he, or she, is or if Nakamoto is a nom de plume for a group of programmers who invented Bitcoin. You can view your Bitcoin address below by tapping "View Bitcoin Address." This will show you your $BTC address and a QR code if you ever want to receive $BTC from someone else. If you're like me and you want to store your Bitcoin in a more secure fashion such as a cold wallet, you can tap the arrow icon and send the $BTC to a cold wallet. Tap the transfer icon and choose the amount of Bitcoin you want to send. According to Kamau, this is done because the exchanges sell the Bitcoin they custody to other buyers while the owner of the IOU stays happy earning an annual percentage yield on their BTC. Bitcoin has long been referred to as 'digital gold' because of the fact that, like the precious metal, it is regarded by some as a good store of value. Kiyosaki Thinks Bitcoin Could Test the Bottom at $17K The author of Rich Dad Poor Dad, Robert Kiyosaki, has shared his latest price expectation and future outlook for bitcoin. Kevin Helms A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. The lower court recognized Bitcoin as having value, scarcity and disposability and, therefore, being subject to property rights and meeting the definition of virtual property. Since the defendant no longer had possession of the Bitcoin, the parties agreed that the defendant would provide compensation at a discount from the value of the Bitcoin at the time of the loan. Continued Vigilance Required To Comply With Legal And Regulatory Risks Ultimately, the EO is a positive development for the Bitcoin industry. That said, while optimism in the Bitcoin industry over the EO is appropriate, it should not impede ongoing, dedicated efforts to comply with current legal and regulatory requirements.