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2020’s Standout Cryptocurrency Chainlink Reaches Another New Milestone
25.7.2020
Chainlink, one of the best-performing altcoins in 2020, is seeing consistent improvement in cryptocurrency community sentiment and social media presence
How Billion-Dollar Crypto Scams Lure Victims
25.7.2020
In the past week, reports emerged that some key members of the Onecoin scam were found dead in Mexico. According to reports, the two Oscar Brito Ibarra and Ignacio Ibarra may have been kidnapped and murdered but the motives behind their murder is unclear. Onecoin is one of the biggest...
For Some Reason, Wash Trading Happens on Decentralized Exchanges Too
25.7.2020
Wash trading is happening in some instances on Binance DEX and Loopring, showing that decentralized exchanges are not immune to volume inflation
Poloniex Adds US Election-Based Trades
24.7.2020
Poloniex has added crypto assets based on President Trump’s re-election
Despite Stock Market Disaster Predictions, Bitcoin Markets Permeate Bullish Signals
24.7.2020
A number of Wall Street veterans like Bear Traps Report author, Larry McDonald, think that markets might see some “disastrous and unimaginable” impacts in the near future. Another seasoned analyst, Larry Williams, believes the S&P 500 will shudder after July 28. Despite the pending...
BTCS Crypto Portfolio Expands Over 280% in Q2 2020 Amid COVID-19 Pandemic
24.7.2020
While many institutions struggled to recover from the market downturn experienced in March, publicly traded, blockchain focused firm BTCS Inc. (OTCQB: BTCS) has increased its portfolio by 285% in Q2 2020, through well timed investments in both Bitcoin (BTC) and Ethereum (ETH), and crossed the...
Crypto Scammers Steal $381 Million in 2020, While Twitter Hackers Direct Funds to Mixers
24.7.2020
Cryptocurrency related scams have taken a total of $381 million from victims so far this year. This figure makes crypto scams the largest category of cryptocurrency-related crimes so far in 2020. Chainalysis data still shows current figures are well below those seen in 2019. In 2019, scams...
NBA Point Guard Spencer Dinwiddie’s Tokenized Contract Raises $1.3 Million
24.7.2020
NBA player Spencer Dinwiddie has finished the token sale of his contract that is hosted on the Ethereum blockchain. The sale of Dinwiddie’s tokenized contract raised $1.3 million which was only a tenth of what the project hoped to sell ($13.5 million). Even though the Brooklyn Nets guard...
Crypto Race Heats Up: Bitcoin’s Dominance Ratio Drops to Lowest Level in 12 Months
24.7.2020
The largest digital asset by market capitalization, bitcoin has lost a significant share of market dominance during the last few weeks. Bitcoin’s dominance ratio dropped to 61.5% on Thursday, after hovering around 66% for months on end. The last time the crypto asset’s dominance level...
Steve Wozniak Sues Youtube, Google for Promoting Bitcoin Giveaway Scam — Youtube Denies Fault
23.7.2020
Apple co-founder Steve Wozniak and 17 other victims have sued Youtube and Google for allowing, promoting, and profiting from bitcoin giveaway scams. However, Youtube insists that it is not at fault for scammers using its video-sharing platform for cryptocurrency giveaway scams and other fraudulent...
Japanese Liquid Exchange to Delist Zcash to Get Licensed in Singapore
23.7.2020
Liquid exchange plans to delist major privacy coin Zcash in an effort to play nice with Singaporean regulators
US Regulator Green-Lights Banks for Cryptocurrency Custody Services
23.7.2020
The Office of the Comptroller of the Currency (OCC) has clarified that national banks and federal savings associations can provide cryptocurrency custody services for customers. The OCC sees banks providing crypto custody services as “a modern form of traditional bank activities related...
Winklevoss’ Gemini to Offer Custody of .Crypto Blockchain Domains
23.7.2020
Users can now store Unstoppable Domains’ .crypto addresses with Gemini Custody
Binance Smart Chain Adds Chainlink Oracles for Better DeFi
23.7.2020
Binance Smart Chain will integrate Chainlink data oracles to add usability to its blockchain, in particular, in the burgeoning DeFi space
Philippines Now Has 16 Cryptocurrency Exchanges Approved by Central Bank
23.7.2020
The number of regulated cryptocurrency exchanges in the Philippines has grown to 16, according to Bangko Sentral ng Pilipinas, the country’s central bank. One of the regulated exchanges has been helping the government and Unionbank to launch an app for bond purchases. 16 Registered Crypto...
Binance to Transfer BUSD Across Blockchains on Syscoin-Ethereum Bridge
23.7.2020
The bridge integration will make the stablecoin available on the Syscoin blockchain for the first time
The Bank of Lithuania Released a Cryptocurrency, But It’s for Collector
23.7.2020
Lithuania’s central bank has issued a NEM blockchain-based collector token in homage to the country’s Act of Independence of 1918
Stablecoin Tether Set to Eclipse Bitcoin’s Daily Transaction Value
23.7.2020
The most dominant stablecoin in the cryptocurrency ecosystem has seen some competition during the last few years, but the token tether has remained king in the face of rivalry. Just recently, a “Q2’20 review” published by the digital currency data and analytics firm Messari shows...
South Korea to Charge 20% Tax on Bitcoin Profits Under New Law
23.7.2020
South Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released July 22, the Ministry of Economy and Finance...
Japan’s Covid-19 Stimulus Payments Didn’t Flow Into Crypto
23.7.2020
Covid-19 relief money does not seem to have been spent by many Japanese on cryptocurrencies