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Bitcoin drops to $11.1K as USD currency index frustrates BTC price
2.9.2020
An uptick in the USD currency index produces an instant plunge for BTC/USD, with the largest cryptocurrency sinking 5% on the day
Bitcoin, USD velocity both crash — but BTC price reacted differently
2.9.2020
Rampant inflation of the dollar’s M2 money supply is only enriching the “cantillionaires,” Max Keiser argues as its velocity hits record lows
Warren Buffett Shifts Funds From US Amid Inflation Fears, Bitcoin’s New All-Time High Expected
1.9.2020
Warren Buffett has made another major investment shift, one that reduces Berkshire Hathaway’s dependence on the U.S. economy. This news followed the Federal Reserve’s policy announcement to “push up inflation,” which is seen as bullish for bitcoin, with some predicting that...
Swipe Unveils USD-Dollar Checking Accounts with Evolve Bank & Trust Firm
1.9.2020
As a powerful cryptocurrency wallet and debit card portal, Swipe is all set to dig its foot deep into the US market space by entering into a partnership with leading financial services provider, Evolve Bank & Trust to unleash new opportunities. The integration will allow Swipe to launch...
Bitcoin will hit new high ‘in near term’ as Buffett exits USD — Keiser
31.8.2020
The Sage of Omaha is getting out of the world’s reserve currency, Max Keiser claims, and that’s a prelude to Bitcoin hitting a new record
USD has ‘more room to fall’ — 5 things to watch in Bitcoin this week
31.8.2020
Amid multiple warnings over the world’s reserve currency, Bitcoin stands to gain if recent macro correlation remains intact
Digital Yuan Will 'Hardly Put a Dent' in USD Dominance, Says Expert
28.8.2020
China’s forthcoming digital yuan rollout will not pose a threat to American dollar dominance, says a leading economist – although the Middle Kingdom has already “leapfrogged” the West when it comes to digital payment infrastructure and innovation.
In an opinion piece published by Project Syndicate...
Winklevoss Bros Make Case For USD 500k Bitcoin
28.8.2020
Cameron and Tyler Winklevoss, co-founders of the US-based Gemini exchange and family office Winklevoss Capital, forecast the price of Bitcoin (BTC) could reach USD 500,000, as the the US debt-to-GDP ratio is set to expand more in 2020 than it did over the entire prior decade, triggering inflation...
US in 'Terminal Debt Spiral', Might Help Crypto & Digital USD Adoption
27.8.2020
With governments across the world pumping public spending to mitigate the economic impact of the COVID-19 pandemic, 2020 could be a record-breaking year for debt. While this year’s spending extravaganza could tank the value of currencies worldwide and spur a hike in inflation, as stated a recent...
Crypto Investor Ribbit Files USD 350m IPO, Set for Possible Mergers
26.8.2020
Aiming for potential future mergers with related companies, Ribbit LEAP, a newly-formed business offshoot from early bitcoin (BTC) venture capital firm Ribbit Capital, has filed for a USD 350 million Initial Public Offering (IPO) with the US Securities and Exchange Commission (SEC).
The IPO filing...
Biggest Darknet Market Allegedly Exit Scams USD 30M In Crypto - Report
26.8.2020
Leading darknet market Empire Market has reportedly shut down its operations, exit scamming the site’s estimated 1.3 million users out of some bitcoin (BTC) 2,638, worth close to USD 30 million.
Reported by dark.fail, a journalist specialized in covering the darknet, the development comes with...
US Election & Weakening USD Will Fuel Bitcoin Price - deVere Group CEO
25.8.2020
"History will show that 2020 was a breakout year for Bitcoin," said Nigel Green, the Chief Executive Officer (CEO) of deVere Group, a financial advisory and fintech organization. The analyst said Bitcoin’s price will soar, prompted by the upcoming US presidential election in November...
USD 50B in Crypto from Asia Hints at Chinese Capital Flight – Report
21.8.2020
With more than USD 50 billion in crypto leaving wallet addresses tied to East Asia and headed to other regions around the world over the past 12 months, signs point to crypto increasingly being used to evade strict Chinese capital controls, a new report from on-chain analysis firm Chainalysis...
Russia and China De-dollarization Approaching ‘Breakthrough Moment’
20.8.2020
China and Russia are collaborating to reduce their dependence on the U.S. dollar. Trade settlements in USD between the two countries have fallen below 50% for the first time. De-dollarization in Russia and China The dollar’s share of trade between Russia and China was only 46% of settlements...
Two Suspects Arrested in USD 1.5m Crypto Mining Electricity Theft
20.8.2020
Source: Adobe/Артем Константинов
Officials from the Oblast Directorate of the Ministry of Interior Affairs (ODMVR) and CEZ Electro Bulgaria have reportedly made two arrests in what is described as the “largest theft” of electricity for cryptocurrency mining in the Balkan country.
The two...
Trader Who Earned USD 11m Shares Trading Techniques, Offers Advice
19.8.2020
A bitcoin (BTC) trader has shared the story about how he earned over USD 11,000 million, and offered some technical advice for beginner traders.
The trader told his story in an interview with bitFlyer Japan, a trading platform, which described him as one of "the most famous" of...
DeFi Extravaganza: DeFi Exceeds USD 6B, Curve Drops and YFI Rises
17.8.2020
Source: Adobe/Сергей Шиманович
After yet another eventful weekend in the fast-paced world of decentralized finance (DeFi), the surging popularity of DeFi protocol Curve, as well as a fast-growing “valueless” token, followed by a poll revealing that many crypto investors have no clue about DeFi,...
Ripple CEO Confirms Strategy, DeFi Locks USD 5.6bn + More News
14.8.2020
Brad Garlinghouse. Source: a video screenshot, Youtube, Ripple
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Ripple CEO Brad Garlinghouse responded to The Financial Times report...
MicroStrategy Buying Bitcoin Shows Institutional Investors Seek to De-Risk
14.8.2020
Wall Street firms are waking up to the prospect of holding Bitcoin as a hedge against uncertainties in the mainstream equities market
Bitcoin Struggling Near USD 11,500, Chainlink, Ethereum Climb
13.8.2020
Bitcoin price remained well bid above the USD 11,100 and USD 11,200 levels. Recently, BTC recovered above USD 11,350, but it is struggling to gain strength above USD 11,500. The price is currently (08:30 UTC) consolidating near USD 11,500 and it might correct lower again.
Similarly, many major...