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Bitcoin Stalls, Ethereum 2.0 Outage, IRS Crypto Crackdown: Hodler’s Digest, Aug. 18–24
23.8.2020
The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link!
Digital Currency, Akoin and Blockchain Voting: Bad Crypto News of the Week
22.8.2020
Check out this week’s Bad Crypto podcast
Stock Trader Dave Portnoy Dives Into Bitcoin, Only to Panic-Sell After Chainlink Plunges
22.8.2020
High profile stock trader Dave Portnoy has panic sold his bitcoin one week after he got into cryptocurrency. He cited the falling price of chainlink, another of his crypto investments, as the main reason. Dave Portnoy Got in and Out of Crypto in One Week American trader and founder of Barstool...
IRS Prioritizes Cryptocurrency, Now First Question on 1040 Tax Form
22.8.2020
The new U.S. tax form is out and the cryptocurrency question is the first one on the main 1040 tax form used by about 150 million people to file their taxes. The Internal Revenue Service (IRS) requires all tax filers to declare whether they have received, sold, exchanged, or acquired...
Former RBI Governor and IMF Chief Economist Sees Value in Bitcoin and Facebook Libra
22.8.2020
Raghuram Rajan, former governor of the Reserve Bank of India (RBI) and chief economist at the International Monetary Fund (IMF), sees value in bitcoin, cryptocurrencies, and Facebook-backed libra alongside central bank digital currencies. Former RBI Governor’s View on Bitcoin, Crypto,...
Revealed: Twitter Habits of the Crypto Elite
22.8.2020
The Winklevoss twins not only share physical similarities, but Twitter habits as well
What Top US Politicians and POTUS Election Candidates Think of Bitcoin
22.8.2020
Cryptocurrencies and politics are intertwined. Here’s what the top politicians in the U.S. elections think about cryptocurrencies
Soaring, Plunging, Being Indecisive, and 20 Crypto Jokes
22.8.2020
This week in crypto, bitcoin couldn’t make up its mind about staying above USD 12,000 as price went up to new yearly highs, while the hashrate dropped 25% in three days, as floods hit Southwest China. Then YFI exceeded BTC’s price, Tron dropped while JustSwap went live, while OMG soared on Tether...
Grayscale’s Litecoin and Bitcoin Cash Trusts Trade for Tremendous Premiums
22.8.2020
This week data from Arcane Research shows there’s been massive demand for Grayscale’s recently launched publicly traded crypto trusts. Following the trusts getting DTC eligibility last monday LTCN (litecoin) shares have been selling for a 753% premium while BCHG (bitcoin cash) shares...
Interest in Crypto Up in Belarus as ‘Information War’ Rages
22.8.2020
Amid unconfirmed reports pertaining to be from Belarus, the nation could soon impose foreign currency exchange limits – a move that some think could drive citizens to crypto en masse.
Protests and strikes continue in the country after a disputed general election returned incumbent president...
Hong Kong Regulator Gives Crypto Exchange OSL Tentative Licensure Approval
21.8.2020
OSL Digital Securities was the first crypto exchange to apply for the SFC's opt-in license last November
18% of Asked Americans Bought Crypto, Most Know Only Bitcoin - Survey
21.8.2020
Nearly 20% of asked Americans bought crypto, but most of the surveyed people are familiar with bitcoin (BTC) only - and know nothing of altcoins, a recent survey concluded.
Commissioned by Coinflip, a major US-based Bitcoin ATM operator, the survey included 1,005 respondents, whose responses...
Japan: Demographic Shift Sees Younger Folk Flock to Crypto + More News
21.8.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchanges news
Japanese crypto exchange bitFlyer has reported that there has been a shift in the demographic of its user base, with more people...
Price Analysis 8/21: BTC, ETH, XRP, BCH, LINK, LTC, BSV, ADA, BNB, CRO
21.8.2020
Bitcoin and several altcoins have formed bearish divergences, which suggests that the bullish momentum has weakened
Polychain Capital’s Original Crypto Fund Raises an Additional $19.5M
21.8.2020
The fund has raised $307 million in its four year history of investing in crypto and SAFTs
IRS Plans to Ask Every American Worker if They Used Crypto in 2020
21.8.2020
Every American filing taxes for 2020 will have to tell the IRS whether they used crypto this year, according to new drafts from the tax agency
John McAfee Ditches Ghost Crypto Project: He Says It Will Fail
21.8.2020
Two-time U.S. presidential candidate John McAfee has announced that he is leaving the ghost cryptocurrency project, claiming that it will fail “without a doubt” and his reputation has been damaged. His Ghost phone service, however, will be launched as planned, he emphasized, adding that...
First Mover: Wacky Bitcoin-to-DeFi Crypto Markets Might Be New Home of Capitalism
21.8.2020
Cryptocurrency markets from bitcoin to DeFi might be full of rampant speculation, but they also might be keeping the fires of capitalism lit
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...
XRP Crypto Scammers Seize 2.5m-sub YouTube Account, Start Live-streaming
21.8.2020
Source: Adobe/filins (edited by Cryptonews)
2020 is becoming the year of the social media crypto scam hackers after raiders took control of the YouTube accounts belonging to a 2.43 million-subscriber Brazilian channel – filling it up with videos promoting an XRP scam.
In a video from...