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South Korean Crypto Tax Reports, Canada's CBDC + More News
17.6.2020
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.
Regulation news
South Korea’s deputy prime minister and finance ministry chief Hong Nam-ki has confirmed the reports about...
Competition Between Bitcoin Mining ASIC Manufacturers Is Heating Up - Report
17.6.2020
After Bitcoin halving, ASIC mining equipment producers will compete increasingly more aggressively, and in the long term, only 2 or 3 industry players will survive, states a report by BitMEX Research.
The report looks into the history and current situation, as well as the efficiency of mining...
Spanish Crypto Users Report Banking ‘Freezes’ After Using Exchanges
17.6.2020
Banks in Spain are reportedly closing accounts they suspect belong to cryptocurrency traders, particularly users of the LocalBitcoins peer-to-peer exchange – and may have been doing so “since November last year.”
Per a report from media outlet Criptonoticias, an experienced crypto trader who asked...
Sender of USD 5.3 Million ETH Transactions Reportedly Revealed
17.6.2020
It seems that the victim of last week's USD 5.28 million Ethereum (ETH) fee transactions has been revealed.
Blockchain analytics and security firm PeckShield claims to have identified the sender - a South Korean peer-to-peer crypto exchange Good Cycle. Furthermore, this small exchange...
The Quickest Way to Trade Bitcoin
17.6.2020
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Have you always wanted to try your hand at trading Bitcoin, but never could find the time? Does the prospect of losing funds due to inexperience intimidate you? Alternatively, are you scared it will take...
Stablecoin Volume Now 5x ETH Volume on Ethereum – Report
17.6.2020
Stablecoin volume on Ethereum (ETH) is now up to 5 times greater than the on-chain volume of the network’s native token, ETH, a new report from blockchain analytics firm Glassnode reveals.
More precisely, the combined volume of all stablecoins on Ethereum surpassed the ETH volume a year ago,...
Compound's COMP Becomes Most Valuable DeFi Token, but There's a 'But'
17.6.2020
Just days after it first entered into circulation, decentralized lending and savings platform Compound’s new token COMP has positioned itself as the most valuable token in the decentralized finance (DeFi) space. But it's high valuation may not show the complete picture, as more then 7 million coins...
Brute Force Attack Puts Super-fast End to ‘4-Week’ Bitcoin Riddle
17.6.2020
Hackers rose to the challenge of stealing a bitcoin – with a “brute force” cryptanalytic attack allowing raiders to crack into a wallet and make away with the BTC 1 booty.
Alistair Milne, the chief investment officer at the Altana Digital Currency Fund, had set the world of social media...
Institutional Investors Set for Herd-like Move to BTC, Says Kraken CEO
17.6.2020
More institutions will follow those already in the bitcoin (BTC) space, as their mentality is generally that of "a herd," said Jesse Powell, CEO of major crypto exchange Kraken in an interview with Bloomberg TV. He also opined that bitcoin is already a store of value, and will soon...
Bitcoin Consolidates Below Key Resistance, Altcoins Show Positive Signs
17.6.2020
Yesterday, bitcoin price started a strong recovery above the USD 9,300 resistance. BTC even broke the USD 9,500 region, but it is struggling to gain strength above the USD 9,550 resistance zone. It is currently (08:30 UTC) consolidating gains and seems to be preparing for a bullish break above...
Mixed Feelings as Russia Readies for Landmark Blockchain Vote
17.6.2020
Blockchain-powered voting is coming to Russia – but digital democracy platforms are getting a mixed reception from Russian political parties as the country gears up for a crunch referendum on presidential powers.
As previously reported, Russian citizens in certain parts of the country – including...
Number of Bitcoin Whales Rises, but Their Wealth 'Declines'
17.6.2020
Although the number of bitcoin (BTC) whales is growing, it looks like some of the crypto world's biggest players now hold less BTC now than they did four years ago. They also hold less wealth in USD terms than they did three years ago, per a recent report from blockchain analytics firm...
Spanish Parliament Set to Decide Fate of Crypto Exchanges Regulations
16.6.2020
Soure: Adobe/AlekseyIvanov
The Spanish parliament is set to vote on a new crypto exchange regulation law in the “second half of 2020” – after the country’s Ministry of Economic Affairs and Digital Transformation announced it was preparing to police the nation’s trading platforms.
Per an official...
Bitcoin Mining Difficulty Just Made the Highest Jump in Two Years
16.6.2020
The pre-adjustment predictions last week seem to have underestimated this Bitcoin (BTC) mining difficulty adjustment, as it went higher than expected.
The third Bitcoin mining difficulty adjustment after the halving saw this measure of how hard it is to compete for mining rewards increase...
South Korea Announces USD 680M ‘Digital New Deal’ + More News
16.6.2020
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.
Blockchain news
The South Korean government has announced a USD 680 million spending plan on a post-COVID 19 “Digital New Deal,”...
Casa's New Seedless Bitcoin Wallet Meets its Critics
16.6.2020
US-based crypto security specialist Casa claims that their new wallet is a solution to the problem of complicated seed phrase management, particularly for the "first-time Bitcoiners." Critics have their doubts, leading a discussion on the wallet's possible shortcomings.
Self-custody...
Revolut Makes Major Crypto Changes, Hints New 'Cool Features'
16.6.2020
Major UK-based mobile banking app Revolut is turning more crypto-friendly, as suggested by its upcoming changes in terms and conditions of crypto products. However, the service is still far away from bridging the gap between crypto and traditional finance, as it is not going to allow its customers...
VeChain Among Top Performers, Price Doubles In a Month
16.6.2020
After a parabolic rally that has brought vechain (VET) up among the top-performing cryptoassets over the past month, the coin today saw strong gains once again after correcting heavily on Sunday.
As of press time on Tuesday (10:25 UTC), the 26th coin by market capitalization, VET, was up by...
Miners Lower Bitcoin Supply, Start Hoarding More
16.6.2020
Bitcoin (BTC) miners have started to hodl more of the newly generated BTC at the time when BTC is still failing to breach the psychologically important level of USD 10,000 per coin and when BTC mining set to become even more difficult.
While in the past 12 weeks miners still sold more BTC than...
Bitcoin and Altcoins Recover Sharply, Trading Near Inflection Zone
16.6.2020
Yesterday, bitcoin price extended its decline below the USD 9,200 and USD 9,050 support levels. For a moment, BTC even spiked below USD 9,000, but the bears failed to gain strength. As a result, the price started recovering and it recently jumped more than 4% to test the USD 9,550 resistance...