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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...
Negative USD Yield Risk Adds Bitcoin On Software Giant’s Radar
6.8.2020
Following announcements from major mainstream investors such as Paul Tudor Jones that they are adding bitcoin (BTC) to their portfolios as an inflation hedge, a US-based major software company said that it may invest part of its cash into bitcoin and other alternative investments, citing “negative...
NASDAQ-Listed MicroStrategy, Wary of Looming Dollar Inflation, Turns to Bitcoin and Gold
5.8.2020
“If you have large dollar values and you're hoping for any kind of return on them, that's faded,” said CEO Michael Saylor. “Gold, silver, and bitcoin are showing strength.”
Bitfinex Steps up Hunt For Its Hackers, Promises USD 400m In Rewards
4.8.2020
Major crypto exchange Bitfinex has offered a multi-million dollar reward to anyone who can lead it to the hackers responsible for the the theft of nearly bitcoin (BTC) 120,000 in August 2016 - even to the hackers themselves.
Today's value of the bitcoin stolen from Bitfinex four years ago is around...
‘High Probability’ Bitcoin Rises as USD Sinks to 2008 Levels — Trader
4.8.2020
The U.S. dollar is at risk of falling below the lower end of a 12-year trendline as some analysts argue that this may be a bullish turning point for Bitcoin price
Unite to Succeed: Swiss Stablecoin Association Hopes to Break the Ice
3.8.2020
The new World Stablecoin Association hopes to create a united front for the sector to tackle regulatory concerns and drive collaboration
New USD 110m for Crypto Startups, Crypto.com Swap Fuels MCO + More News
3.8.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Investments news
Early-stage venture firm Electric Capital said it raised USD 110m for Seed and Series A fund, focused on cryptonetworks...
Hack Forces Travel Company to Pay USD 4.6m in Bitcoin Ransom
3.8.2020
A recent hack of a major travel management firm has reportedly left attackers with USD 4.6m worth of bitcoin (BTC), after the company on July 28 was forced to pay to restore access to internal files, Reuters reported, citing a record of the ransom negotiations.
The attack targeted up to 30,0000...
Bitcoin Hits USD 12K, Crashes By USD 800 In Minutes; Ether, XRP Shine
2.8.2020
The most popular cryptocurrency, bitcoin (BTC), started Sunday on a volatile note, as its price crashed by more than USD 800 in 25 minutes after topping USD 12,000.
At pixel time (06:31 UTC), BTC trades at USD 11,261, after somewhat rebounding from USD 11,130, compared with USD 12,041, reached...
Ethereum Won't Give Its USD 4bn DeFi Throne to EOS, Tron Anytime Soon
1.8.2020
Most of the total value locked (TVL) into DeFi (decentralized finance) is locked into Ethereum (ETH)-based platforms, and in the short term, it seems like things are going to stay this way.
As for the longer term, industry observers told Cryptonews.com that Ethereum will remain the dominant DeFi...