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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.
Altcoins news
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...
The 10-year Quest for a Lost Bitcoin Haul Worth Over USD 100 Million
12.8.2020
This week marks the 10th anniversary of an event that illustrates just how far Bitcoin (BTC) has come in a decade – and some of the potential perils that crypto holders need to remain aware of.
On August 10, 2010, a BitcoinTalk forum user bought BTC 9,000, worth about USD 600 at the time. But that...
Alarm Sounds As Hot & Unaudited DeFi Potato, YAM, Locks USD 387m In Hours
12.8.2020
Apparently, decentralized finance (DeFi) is not risky enough for some people - the riskier the better(?). These have found a new thing to make seemingly popular, namely, pouring millions in an experimental and unaudited project.
First, there was yield farming in the wild world of DeFi, spiced...
Ternio’s ERC-20 TERN Token Listed On Global Crypto Exchange Bibox
12.8.2020
ATLANTA, GA – August 10, 2020 – Ternio’s ERC-20 payment token TERN, has been listed by global cryptocurrency exchange, Bibox. This news comes two months after Ternio’s announcement that they would be burning ten percent of the TERN supply, previously hosted on the Stellar...
Bitcoin Just Got USD 250m Endorsement From Major US Company
11.8.2020
Source: Adobe/Prostock-studio
US-based major business intelligence company MicroStrategy said it has purchased BTC 21,454 at an aggregate price of USD 250m, inclusive of fees and expenses.
“Our investment in Bitcoin is part of our new capital allocation strategy, which seeks to maximize long-term...
Defi’s Rise Is Inevitable, and Fusion Is Driving This Evolution of Conventional Finance
10.8.2020
Four billion dollars This is the total amount of funds locked in “Defi”, growing from just one billion USD in 6 weeks. “Defi” has had a tortuous path ever since its inception, but now the concept of “Defi” is gaining more attention. So, what exactly...
Bitcoin Breaks USD 12,000, Altcoins Could Start a Fresh Surge
10.8.2020
In the past few sessions, bitcoin mostly traded in a range above the USD 11,500 support. Finally, BTC gained bullish momentum above the USD 11,650 and USD 11,800 resistance levels. More importantly, it broke the USD 12,000 barrier and it is currently (08:30 UTC) consolidating gains.
Conversely...
Ethereum Classic Attacker Nets USD 1.7m, Bitfinex Loses USD 1m + More News
7.8.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Security news
The Ethereum Classic (ETC) attacker made at least USD 1.7m during the second attack on the network yesterday, according to Bitquery...
Lumi Wallet Web Widget: Cryptocurrency Exchange on Your Website
7.8.2020
Good news for those who want to upgrade their website with functional tools and features – on August 5st, Lumi Wallet Technologies launched its app web widget. Now everyone can easily embed a “mini digital wallet” into the body of their website. The Lumi Wallet Widget is a useful...