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Multibillion Investor Doubles Down on Bitcoin Mining
3.7.2020
US-based multibillion investment manager Horizon Kinetics (HK) just doubled down on its Bitcoin (BTC) mining strategy.
After tripling the number of miners it hosts with Core Scientific (CS), a US-based blockchain hosting provider, HK has now agreed to upgrade the miners to the Antminer S19 and...
Bitcoin and Altcoins Retreat From Important Juncture
3.7.2020
Yesterday, bitcoin price traded with a positive bias and was positioned for an upside break towards the USD 9,550 resistance. However, BTC failed to gain bullish momentum above the USD 9,300 resistance, and it declined below USD 9,200 and USD 9,000 before correcting higher.
Similarly, there was...
This Is What EU Wants From Blockchain and DLT
3.7.2020
European Union recently rewarded six blockchain / distributed ledger technology (DLT) projects, showing its interest in teams that aim to solve sustainability challenges.
The European Innovation Council (EIC), has awarded EUR 5 million (USD 5.7 million) to six winners of its call to propose ideas...
A Russian Blockchain Referendum Voter Managed to ‘Spoil Their Ballot’
2.7.2020
Russian electoral officials are claiming success in the country’s recent referendum on constitutional reform – which saw the country make use of a blockchain-powered voting platform for the first time on a national scale. However, one tech-savvy voter appears to have pulled off a remarkable feat...
Nordic Crypto Startup Takes (Un)usual Growth Path Due to 'Massive Potential'
2.7.2020
Torbjørn Bull Jenssen, CEO of Arcane Crypto. Source: a video screenshot, Youtube/TEDx Talks
The Norwegian crypto-focused investment and research firm Arcane Crypto is eyeing a public listing on Sweden’s Nasdaq First stock exchange by the end of the year as they see ‘massive potential’ for...
BitPay Adds SegWit, BlockFi Doubles Revenue, 3 News From Cardano + More
2.7.2020
This is our daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Crypto adoption news
Major crypto payments company BitPay added support for SegWit in their wallet as an optional feature, and enhanced...
More Than 2,500 Merchants In Austria Just Got Closer to Bitcoin
2.7.2020
Crypto owners in Austria have been offered another opportunity to spend their cryptocurrencies throughout the country.
Austrian fintech firm Salamantex has announced that their Crypto Payment Service Software has been integrated into the A1 Payment, a service by one of Austria’s biggest mobile...
Russian Court Denies Theft Victim Access to Stolen Bitcoin
2.7.2020
A Russian court has denied a claimant the right to reclaim almos BTC 100 (USD 920,000), stating that crypto has no legal value – meaning courts are powerless to enforce property rights.
Per a Telegram post from the district court’s press office, in Russia’s second-largest city, St. Petersburg,...
Kyber Network Doubles in a Month as Platform Upgrade Nears
2.7.2020
On a day when major cryptoassets like bitcoin (BTC) and ethereum (ETH) barely moved at all, the decentralized token swap protocol Kyber Network’s KNC token saw a massive rise in price for the fifth consecutive day as the launch of its Katalyst platform upgrade got closer.
The token, ranked 37th...
Confusion Reigns in China as RenrenBit CEO Reportedly Detained by Police
2.7.2020
Chinese media outlets are reporting that Zhao Dong, the head of over-the-counter (OTC) and crypto lending platform RenrenBit and a prominent Bitfinex investor has been taken in for questioning by police.
Per reports from media outlet BlockBeats and Chainnews, “rumors” are circulating in online...
Young Robinhooders Might Be a Driving Force for Bitcoin Market
2.7.2020
While bitcoin (BTC) is struggling to brake that psychologically relevant barrier of USD 10,000, it might be the "bored millennials" turning to platforms like stock trading app Robinhood who might propel the next rally.
Since April 2020, bitcoin hasn't moved outside the USD 8,000-USD...
Bitcoin Pauses Below USD 9,300, Altcoins Signaling Fresh Increase
2.7.2020
Recently, bitcoin price made another attempt to break the USD 9,300 resistance, but it failed. BTC is currently (08:30 UTC) consolidating near the USD 9,200 level and it seems like there are chances of an upside break above the USD 9,300 resistance in the next few sessions.
XRP/USD
Total market...
Retail May Consume 50% of Bitcoin Supply After Next Halving – Report
2.7.2020
Despite all the talk of financial institutions entering bitcoin (BTC), retail demand may in fact end up consuming more than half of all physical supply of bitcoin after the next halving, a new report by crypto derivatives exchange Zubr said.
According to the report, which analyzed data from...
South Korean Giant to Begin Crypto Custody for Institutional Investors
2.7.2020
One of South Korea’s biggest commercial banks, NongHyup (NH Bank) said it is working on a cryptoasset custodial services platform for institutional investors.
Per ET News, the bank said that it wants to launch crypto “ecosystem” operations, and also spoke of its long-term plans which include...
Manga Book Promises to Teach Readers about Basics of Blockchain
2.7.2020
The link between blockchain, crypto and manga continues to deepen in Japan – where a software company has published a new book explaining all the intricacies of blockchain, cryptocurrencies and distributed ledger technology using the power of manga.
Entitled “Blockchain through Manga” (rough...
This is How Facebook's Novi Can Share Libra User Info With Others
1.7.2020
Social media giant Facebook's subsidiary Novi Financial has retained the right to share the information of Libra users with the third parties, with users' consent, and in certain cases - "without further notice."
As reported, in May, Facebook rebranded its Calibra subsidiary, responsible...
Bitcoin Whale Population Growth Might Be A Mirage
1.7.2020
Despite a recent increase seen in the number of bitcoin (BTC) “whales,” much of this may be a result of already large holders taking their coins off exchanges, a new report from blockchain analytics firm Glassnode suggested.
“Much of the recent increase in the number of whales can be explained...
Samsung to Launch App that Reports ‘Lost or Stolen’ Crypto + More News
1.7.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Crypto adoption news
Samsung and South Korean software firm Uppsala are set to launch a crypto losses tracking system for...
Cartesi Launches 'Descartes' SDK Portal - Future of DApps
1.7.2020
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
The Future of Linux DApps - Cartesi Launches 'Descartes' SDK Documentation Portal
July 1st, 2020 ~ Cartesi, the most recent Binance Launchpad IEO announced the launch of their Descartes SDK Documentation portal....
Vitalik Buterin Pushes for Rollups as Ethereum's Scaling Solution
1.7.2020
Vitalik Buterin. Source: a screenshot, YouTube/ETHWORLD.
Vitalik Buterin, Co-founder of Ethereum (ETH), reiterated that rollups are the way to go when it comes to the network's scaling issue. They'll likely be the main solution for at least two years, he suggested.
As is all too well known, terms...