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New ‘Red Dot’ and Criticism Hit Bitcoin S2F Model
1.7.2020
The S2F chart. As the widely followed pseudonymous bitcoin (BTC) analyst PlanB added another data point, the ‘red dot’ to his famous stock-to-flow (S2F) bitcoin price model, the community appears to be getting increasingly dismissive about the model’s predictions.
Writing on Twitter today, PlanB...
Coin Race: Top Winners/Losers of June, 2nd Quarter, and 1st Half 2020
1.7.2020
May's mixed bag turned into a June's red one - at least for the top 10 coins by market capitalization. Only one has seen a rise in its price in the month of June. Nonetheless, for the coins outside of the top 10 list, the picture is not as drastic. Though many saw a drop in their prices, many...
Ripple Partner SBI Gains UK Foothold after Agreeing USD 30m B2C2 Deal
1.7.2020
Japanese financial giant SBI Holdings has agreed a deal to buy a USD 30 million minority stake in Britain-based crypto player B2C2. The latter also says it will “launch a full prime brokerage for both crypto and other asset classes,” per its founder.
According to Reuters, SBI has agreed to the deal...
Bitcoin And Altcoins Might Be Preparing For A Rally
1.7.2020
In the past few sessions, bitcoin price traded in a broad range above the USD 9,000 support and below the USD 9,300 resistance. The current technical structure suggests that BTC could be preparing for a fresh increase above the USD 9,200 and USD 9,300 resistance levels.
Similarly, most major...
Put-to-Call Ratio Rises as Ethereum Options Market Sets New Record
1.7.2020
Source: Adobe/djjeep_design
Despite a new record in the overall interest in ethereum (ETH) options trading seen yesterday, the market may be sending a signal that some ETH holders are hedging their bets on the second-most valuable cryptoasset.
The increasing hedging, which may perhaps stem from...
How Crypto Can Bring You Financial Freedom
1.7.2020
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Living in increasingly uncertain times is stressful, to say the least, and instills a very distinct fear for our survival in us. That also means that financial freedom can mean many different things...
Russian Traders Gear up for ‘Head Spinning’ Crypto Tax Season
1.7.2020
The Federal Taxation Service. Russian crypto owners have been warned that they have just a month before the taxman comes calling – with miners, custodians and traders all required to declare their profits.
Although the country is likely still “a year or more” away from comprehensive crypto laws...
‘Real’ Bitcoin Free Float Supply Figures May Be off by 22% - Report
30.6.2020
Conventional market caps and supply estimates may be inaccurate in that they do not give a “real” picture of the amount of bitcoin (BTC) and major altcoins that are currently in circulation, according to a new report.
Crypto financial data provider Coin Metrics has developed a methodology...
Beijing to Set up Blockchain Fund and Foster ’Unicorn’ Firms
30.6.2020
The city government of Beijing and the surrounding area has announced a new two-year plan to foster the Chinese capital’s blockchain industry.
Per an official announcement from the People’s Government of Beijing Municipality, the capital’s plan involves setting up blockchain technology talent...
Another Million People Tried Crypto in the UK + More News
30.6.2020
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
3.86%, or 1.9 million, of the general population in the UK currently hold cryptocurrencies, the Financial...
Professor Shoots 6 Questions At Digital Dollar Champions
30.6.2020
While the digital dollar advocates stress benefits of this new form of money, Duke University Visiting Professor of Law Nakita Cuttino urges to be more critical.
“Congress must critically review innovations like CBDCs [central bank digital currencies] and stablecoins to ensure novel forms do...
IOTA Takes Step Towards Decentralized Network
30.6.2020
IOTA (MIOTA) has announced the release of Pollen, the first phase towards IOTA 2.0, its decentralized network that is expected to arrive in the first half of the next year.
IOTA is continuing its path towards the so-called 'Coordicide' - the death (that is, the removal) of the Coordinator, which...
CBDCs Might Increase Central Banks' Footprint on Financial System - BIS
30.6.2020
The introduction of central bank digital currencies (CBDCs) could potentially lead to central bank expanding its footprint on the financial system, according to Economic Adviser and Head of Research at the "central bank of central banks," the Bank for International Settlements (BIS)....
South Korea Vows to Pump USD 111m into Blockchain R&D over Five Years
30.6.2020
South Korea has pledged to inject USD 111 million into the development of blockchain technology, with central government-sponsored research flowing until at least 2025.
The move is the brainchild of the nation’s Ministry of Science and ICT, which has worked jointly on the initiative with...
Bitcoin Trades Below Heavy Resistance, Altcoins Consolidate
30.6.2020
In the past few hours, bitcoin price managed to correct higher above USD 9,000 and USD 9,080. BTC even attempted an upside break above the USD 9,200 resistance, but it failed. The price is now stuck in a broad range below the USD 9,200 and USD 9,300 resistance levels.
Most major altcoins are also...
Celsius Token Skyrockets Over 800% Since March
30.6.2020
CEL, the native token of crypto lending and savings platform Celsius Network, has continued its exponential rise in price this week, gaining more than 50% in price over the past 7 days alone, and standing out as today’s best-performing asset among the top 50 cryptoassets by market...
Have Cryptocurrencies Ruined or Improved the World of Sports Betting?
30.6.2020
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Photo: iStock-Marc Bruxelle
Due to the high popularity and boom that cryptocurrencies, especially Bitcoin, have gained in the last few years, many operators are in the field of sports betting. In the online...
South Korea OKs Blockchain Certificate Use in Public, Private Sectors
30.6.2020
The South Korean government will allow the use of blockchain-powered public certificates beginning in December this year.
Per Hanguk Ilbo and UPI News, Seoul says that it will make amendments to the nation’s existing Electronic Signatures Law that will allow for citizens and companies to make...
Crypto Listing and Delisting Announcements: Week 26
30.6.2020
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by cryptocurrency exchanges that we found last week and today.
Have we missed something? Do you have information about new listings and/or delistings? Let us know...
Russian Blockchain-powered Voting Platform ‘Withstands Node Attack’
29.6.2020
The operators of Russia’s blockchain voting system say their platform successfully repelled a hacking attack in the nation’s referendum on constitutional reform.
Blockchain voting is being piloted in the cities of Moscow and Nizhniy Novgorod, and began on June 25. Citizens in both cities were...