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Bitcoin News Roundup for August 4, 2020
4.8.2020
With investment opportunities in traditional markets drying up, bitcoin futures are drawing record interest. CoinDesk's Markets Daily is back for your bitcoin news roundup!
Russian Voters’ Data on Sale After Blockchain Vote to Keep Putin in Power – Report
4.8.2020
Russians voted electronically, using blockchain tech, to keep Putin in power. Now, hackers may be selling the personal data of over a million of those voters
Ethereum 2.0 Testnet Medalla Goes Live With 20,000 Validators
4.8.2020
Medalla, the final testnet before the anticipated launch of Ethereum 2.0 later this year, is now live, the Ethereum Foundation announced Tuesday
Genesis’ Crypto Lending Rebounds in 2Q; Firm Acknowledges Unsecured Loans
4.8.2020
Genesis’ crypto lending arm came back strong in 2Q after a rocky 1Q. Separately, executives acknowledged the firm makes some uncollateralized loans
What People Who Aren’t Bullish on Bitcoin Still Like About It
4.8.2020
Working with open-source software changes the development process, according to this researcher who interviewed hundreds of technologists across projects
First Mover: As Fed Nears Inflation Rubicon, Analysts See $50K Bitcoin in Play
4.8.2020
The Federal Reserve appears ready to pursue yet another untested strategy that could ultimately boost inflation – and possibly prices for bitcoin
INX Scales Down US IPO Target to $127M – Still Set to Be Crypto’s Largest
4.8.2020
The cryptocurrency and security token exchange has filed an updated IPO prospectus with the SEC, lowering the maximum expected raise and proposing a new launch date
Bitcoin Futures Interest Soars as Bond Yields Fall to Record Lows: Industry Exec
4.8.2020
Surging open interest in crypto derivatives suggests investors are seeking alpha in other investments, like bitcoin, said the co-founder of an index fund provider
Bison Trails Hires Ex-Goldman Sachs VP as Legal Head
4.8.2020
Blockchain infrastructure provider Bison Trails has hired BlockTower Capital’s former compliance director to be its first general counsel
Chinese Ex-Banker Says Digital Currency Should Replace Fiat Money
4.8.2020
A former vice president of the Bank of China has argued that digital currency should replace fiat in the nation's financial systems
DeFi-Focused Derivatives Platform Hedget Raises $500K in Seed Funding
4.8.2020
The round was led by FBG Capital and NGC Ventures, both Asia-based venture firms
French Judge Orders Trial of Alleged BTC-e Operator Alexander Vinnik
4.8.2020
Vinnik will reportedly face charges including defrauding more than 100 people in six French cities from 2016 to 2018
The 2020 Rainy Season Is Tougher Than Ever for China’s Bitcoin Miners
4.8.2020
Chinese bitcoin miners are usually happy this time of year because the monsoon season brings excessive rain and thus cheap hydro electricity. But this year has proved to be tougher than ever
NetWalker Ransomware Gang Is Storing $7M Bitcoin In SegWit Cold Storage
3.8.2020
The organization that’s encrypting computers and extorting companies has taken to SegWit addresses, according to McAfee and CipherTrace
Zephyr Teachout: Take Back the Economy From Economists
3.8.2020
Law professor Zephyr Teachout discusses the recent antitrust hearings, how power impacts privacy and the "parallel governments" that Big Tech has created
Blockchain Bites: Hedge Fund Down, Banana Bets and the Twitter Hack Fallout
3.8.2020
Another crypto hedge fund has called it quits, the teenage Twitter hacker reportedly had millions in bitcoin and Huobi sees DeFi as its next venture
Market Wrap: Bitcoin Rebounds to $11,400 After Flash Crash as Ether Closes In on $400
3.8.2020
Bitcoin is gaining back what it lost and ether’s upward run seems undeterred as the crypto market recovers from a flash crash on Sunday
Ripple Snaps XRP Sales Slump With $33M of the Crypto Sold in Q2
3.8.2020
XRP sales had slumped ever since Ripple paused programmatic sales during Q3 2019
Rage Against the Economic Machine: The Best of the Breakdown July 2020
3.8.2020
A recap show on wealth inequality, stock markets and taking it back featuring Jill Carlson, Michael Krieger, Daniel Lacalle, George Gammon and more
Travala.com Adds Agoda Hotels, Posts Record July Revenue as Crypto Payments Soar
3.8.2020
The Binance-backed travel agency brought in $400,000 in July, a 100% increase from the month before