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Coronavirus is ‘Accelerating Bitcoin’s Maturity’ - Analyst


The Coronavirus pandemic is accelerating the maturity of bitcoin (BTC) as an asset versus the stock market and commodities, and the current BTC market is mirroring the beginning of the previous bull market in 2016, according to a well-known BTC bull, Mike McGlone. In his new report, Senior...

Best Top 100 Performer Cardano Joins Bitcoin In the Green Zone


With the transition to the new Shelley era approaching, cardano (ADA) outperformed all other top 100 coins this week, gaining nearly 60% in the past seven days and joining bitcoin (BTC) as another top 10 coin with positive returns in the past 12 months. As of press time on Thursday (11:15 UTC),...

100k+ Chat App Users Opt in to KakaoTalk’s New Crypto Wallet in 1 Day


South Korea’s Kakao says that over 100,000, or around 2% of the users of the chat app KakaoTalk have already activated the app’s new crypto wallet function – less than a day after the wallet went live. As previously reported, KakaoTalk’s Klip wallet went live on June 3, with support for...

'Ethereum-Based' LIBOR Alternative Gets a Nod From Fed Chairman


Jerome Powell. Source: a video screenshot, Youtube/CNBC Television The US Federal Reserve (Fed) Chairman Jerome Powell has seemingly expressed support for an "Ethereum-based" replacement of LIBOR, the average interest rate at which major global banks borrow from one another, stressing...

Bitcoin and Altcoins Showing Positive Signs


In the past two sessions, there was a decent recovery wave in bitcoin above the USD 9,400 and USD 9,550 levels. BTC is trading above the USD 9,600 level (08:30 UTC), but it must clear the USD 9,850 resistance zone for a sustained upward move above the USD 10,000 level. Similarly, most major...

Samsung & LG ‘Pursuing Business with Big International Crypto Players’


Source: Adobe/S_E South Korean experts say that domestic business big-hitters like Samsung and LG are stepping up their crypto-related activities with overseas companies – rather than domestic players – as part of a strategy that has begun to take shape in the past few weeks. As previously...

Cryptobartender Serves Drinks for Crypto, Doing its Part in Pandemic


Cryptobartender. Source: a video screenshot, Youtube/CryptoTexty A device called Cryptobartender is doing its part to help social distancing during the coronavirus pandemic, by selling drinks for crypto. Cryptobartender is a device that allows users to buy water, wine, whiskey, or any other type...

MIT's Narula: If Goldman Sachs Likes Bitcoin, We're Doing Something Wrong


Neha Narula. Source: a video screenshot, Youtube/Telstra Enterprise Bitcoin (BTC) mainstream adoption is more about people using the underlying Bitcoin network rather than a bunch of wealthy investors and institutions coming in to hold the underlying asset, according to MIT Digital Currency...

De-Stressing Crypto Trading with Trading Bots


The text below is an advertorial article that was not written by Cryptonews.com journalists. Cryptocurrency trading is stressful, there’s no two ways about it. With increased volatility compared to traditional markets, high transaction fees, and slow exchanges, it can be extremely nerve-racking...

Bitcoin Upgrade, Pu’er on Blockchain, Underground Miners + More News


Pu'er tea. Source: Adobe/昊 周 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. Bitcoin news Bitcoin Core version 0.20.0 has been released and is now ready for launch. Per...

Relief to Bitcoin Miners as Double-digit Difficulty Adjustment In Sight


With the second post-halving bitcoin (BTC) mining difficulty adjustment set to occur shortly, miners might once again breathe a sigh of relief after the previous such event also made life easier for players in the highly competitive industry. This time, difficulty, a measure showing how hard it...

Shell, Exxon and More Complete ‘Successful’ Blockchain Pilot


Major oil and gas companies could be set to do away with conventional payments systems in favor of blockchain-powered solutions – after a 10-company consortium including energy giants such as Royal Dutch Shell and Exxon successfully piloted oilfield water-handling payments at an American shale...

Four Rules For Trading Cryptocurrency In South-East Asia


The text below is an advertorial article that was not written by Cryptonews.com journalists. Since bitcoin’s creation in 2009, cryptocurrencies have fascinated, intrigued and tempted investors ever since. With volatile price changes, and the ability to trade centralised currencies with the digital...

Bitcoin Demand Already Outpacing Supply - CoinShares' Demirors


Meltem Demirors. Source: a video screenshot, Youtube, Bloomberg Technology Bitcoin (BTC) demand is already outpacing supply, sending another bullish sign to the market, according to Meltem Demirors, Chief Strategy Officer at the crypto asset management firm CoinShares. “We’ve seen a tremendous...

Hackers Threaten to Use Stolen Data from Coinsquare for SIM Swapping


More than 5,000 email addresses and other personal information obtained from Canadian crypto exchange Coinsquare may be used in SIM swapping attacks. Hackers got their hands on personal data on users from Coinsquare's database, and Vice's Motherboard cites one of the hackers saying that "the...

Bitcoin and Altcoins Consolidating Losses, Upsides Could Be Capped


Yesterday, we saw a strong increase in bitcoin price above the USD 9,950 and USD 10,000 resistance levels. BTC even climbed above the USD 10,200 level, but it struggled to continue above USD 10,400. Also yesterday, there was a sharp decline below USD 10,000 and the price tested the USD 9,300...

Four Crypto Exchanges Rake In 90% of Bitcoin Trading Volume


While bitcoin (BTC) is as a decentralized asset, trading in and out of the biggest cryptoasset remains a relatively centralized process, according to a new report from crypto data provider Coin Metrics. Although bitcoin is traded against a range of fiat currencies, stablecoins, and other...

50 Million-user Chat App KakaoTalk Launches Crypto Wallet Today


South Korea’s Kakao Group, the operator of the KakaoTalk chat app, says that its long-awaited crypto wallet Klip debuts today – in theory providing most of the country with immediate access to cryptoassets. KakaoTalk claims to have around 45 million monthly active users in South Korea (87% of...

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