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Introducing the CoinDesk 20

8.7.2020
This group of 20 digital assets make up most of what people mean when they say “the cryptocurrency market.”

Bitcoin Stuck Near USD 9,300 While XRP, BNB and ADA Rally

8.7.2020
Bitcoin price remained stable above the USD 9,200 level and it is currently (08:30 UTC) consolidating near the USD 9,300 resistance. If BTC settles above USD 9,300 and USD 9,320, there are chances of another strong upward move towards USD 9,550 in the near term. On the other hand, there was...

Russian TON Investors Decry UK Firm’s ‘c. USD 1.5m Commission Fee’

6.7.2020
Russian investors in the failed Telegram Open Network (TON) token launch said they have reported a British brokerage they said is withholding almost USD 1.5 million of their funds to the Moscow-based federal investigating authority. Per a Telegram post from Baza, the group has taken its case to...

Bitcoin Holds Steady Above USD 9,000, Altcoins Starts Fresh Increase

6.7.2020
In the past few days, bitcoin bears made more than two attempts to clear the USD 9,000 support. BTC spiked below USD 9,000, but it recovered quickly. The price is currently (08:30 UTC) up over 2% and it is approaching the USD 9,240 and USD 9,300 resistance levels. Similarly, most major altcoins...

Ravencoin Exploit Sees Hackers Mint USD 6m Worth of RVN

3.7.2020
The team behind the ravencoin (RVN) token have revealed that hackers have exploited a vulnerability in the network that allowed them to mint and then trade almost USD 6 million worth of tokens. Per an official blog post, the team stated that the exploit is still being investigated, but that hackers...

Bitcoin Pauses Below USD 9,300, Altcoins Signaling Fresh Increase

2.7.2020
Recently, bitcoin price made another attempt to break the USD 9,300 resistance, but it failed. BTC is currently (08:30 UTC) consolidating near the USD 9,200 level and it seems like there are chances of an upside break above the USD 9,300 resistance in the next few sessions. XRP/USD Total market...

Ripple Partner SBI Gains UK Foothold after Agreeing USD 30m B2C2 Deal

1.7.2020
Japanese financial giant SBI Holdings has agreed a deal to buy a USD 30 million minority stake in Britain-based crypto player B2C2. The latter also says it will “launch a full prime brokerage for both crypto and other asset classes,” per its founder. According to Reuters, SBI has agreed to the deal...

South Korea Vows to Pump USD 111m into Blockchain R&D over Five Years

30.6.2020
South Korea has pledged to inject USD 111 million into the development of blockchain technology, with central government-sponsored research flowing until at least 2025. The move is the brainchild of the nation’s Ministry of Science and ICT, which has worked jointly on the initiative with...

DeFi Attackers Get 'More Creative', Steal USD 500,000 From Balancer

29.6.2020
Decentralized finance (DeFi) liquidity providing platform Balancer was hacked today, reportedly with USD 500,000 worth of crypto stolen. Following several reports online, Balancer confirmed that on June 29 an incident occurred, affecting two pools containing transfer fees, known as deflationary...

Telegram Chief Durov Says He Has Already Repaid Investors USD 1.2 Bn

26.6.2020
Telegram boss Pavel Durov says he has paid back some USD 1.2 billion to investors in the now-abandoned Telegram Open Network (TON) blockchain platform after an out-of-court settlement with the United States regulatory body the Securities and Exchanges Commission (SEC). Investors had stumped up...

USD 200m Hacker Group Targets American, Japanese Crypto Exchanges

25.6.2020
A security firm has warned that a group of hackers named CryptoCore has been raiding crypto exchanges – and may have amassed a USD 70 million crypto pot, leaving a USD 200 million trail of damage in its wake. Per a report from Clear Sky Security, CryptoCore is thought to comprise individuals based...

Buy Stablecoins With Your Credit Card in Lumi Wallet

24.6.2020
Lumi Wallet announced that from June 2020, Tether USDT, Binance USD, Paxos Standard Token, Celsius and Dai are available to purchase in Lumi Wallet with a credit card. The highest grossing stablecoins on the crypto market are fully integrated for exchange and purchase in-wallet. Transactions under...

KuCoin P2P Fiat Market Supports Buying Crypto With USD Via PayPal

24.6.2020
Disclaimer: The text below is a press release that was not written by Cryptonews.com. On June 24, 2020, KuCoin, an IDG-backed crypto exchange, announced that its P2P Fiat Market added support for US Dollars (USD), meaning traders can buy cryptocurrencies like USDT, BTC and ETH with USD via PayPal...

Average Price of Bitcoin More Than Quadrupled Between Reward Halvings

23.6.2020
Investing in bitcoin has been somewhat of a phenomenon, as millions of individuals have invested funds into the crypto-economy since at least 2010. One specific and lucrative method of investment is dollar-cost averaging. If an individual was to invest $10 a week into purchasing bitcoins since July...

Sparrow Raises USD 3.5 Mil in Series a Funding

23.6.2020
23 June 2020, Singapore – Sparrow, the leading options trading platform has secured USD 3.5 million in Series A funding to accelerate platform development. The round was led by the HDR Group, owner and operator of BitMEX, and supported by Signum Capital, Du Capital and FinLab EOS VC. Kenneth...

British Money Printer Goes BRRR: Bank to Buy USD 125bn of Bonds

18.6.2020
The Bank of England – the UK’s central bank – has sent its money printers into full BRRR mode, agreeing to essentially create USD 125 billion worth of pound sterling as the coronavirus pandemic continues to disrupt the British economy. Per the BBC, the bank’s nine-member governing council voted...

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