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Bitcoin News Roundup for Sept. 2, 2020
2.9.2020
With bitcoin's price dropping overnight as DeFi booms, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Bitcoin mirrors gains of past halvings, suggesting $41K price in 2020
2.9.2020
Performance remains on track, the stock-to-flow model shows, as creator PlanB tells investors, “patience is a virtue.”
Fees Bonanza: Ethereum Miners Pocket a Record $113 Million From Fees in August
2.9.2020
Ethereum miners are making a killing from transaction fees. In August alone, the miners raked in a total of $113 million in profit, up more than 3,660% from the $3 million earned in April, according to the latest data from Glassnode. This is the highest ether miners have earned from transaction...
First Mover: Bitcoin Tumbles, Bithumb Reportedly Raided, Uniswap Challenges Coinbase
2.9.2020
Bitcoin is down amid negative news from South Korea, but Uniswap has shot to the top of the DeFi rankings
Inside Ethereum’s Testnet Headwinds & Growth in Tokenized Bitcoin: A Data Perspective by IntotheBlock
2.9.2020
Powered by Every week, IntoTheBlock brings you an on-chain analysis of top news stories in the crypto space. Leveraging blockchain’sContinue Reading
The post Inside Ethereum’s Testnet Headwinds & Growth in Tokenized Bitcoin: A Data Perspective by IntotheBlock appeared first on CoinMarketCap...
Book review: 'Boom and Bust — A Global History of Financial Bubbles'
2.9.2020
This book takes an in depth look at some of the biggest financial bubbles in history: their causes, their commonalities, their effects, even their occasional benefits. But is it an essential read for the cryptocurrency fan?
Pornhub Adds Bitcoin and Litecoin Payments for Premium Content
2.9.2020
Pornhub, the popular adult entertainment site, has (at last) added bitcoin as a payment option
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
Prompted by Booming DeFi, a Bridge Between Bitoin and Ethereum is Growing
2.9.2020
Following a recent massive rise of decentralized finance (DeFi) projects - and because of it - some analysts expect wrapped bitcoin to continue being a growing bridge over which bitcoin (BTC) would be ported to Ethereum (ETH).
Crypto market data provider Messari noted a stablecoin migration...
Bitcoin Price Drops 4% After Latest Rejection at $12K Resistance
2.9.2020
Bitcoin fell by $400 Wednesday morning, having failed once more to move above a long-held resistance level
DeFi Frenzy Proves the Power of Bitcoin; Correction Incomming – Novogratz
2.9.2020
Mike Novogratz. Source: a video screenshot, Youtube, ConsenSysMedia
The current macroecomic backdrop, as well as the frenzy surrounding decentralized finance (DeFi), has proven just how “powerful” bitcoin (BTC) is as a store of value, according to Mike Novogratz, founder and CEO of Galaxy Digital....
Nigeria Foreign Exchange Crisis: Worsening US Dollar Shortages Point to Further Devaluation
2.9.2020
Pressure on Nigeria’s current exchange rate is likely to get worse in 2021, when the expected recovery of imports is set to force another devaluation of the local currency to N430/$ next year, according to two Bank of America analysts. Earlier rate adjustments, one in March and another...
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
Bitcoin, Ethereum and Altcoins Correcting Gains
2.9.2020
Bitcoin price extended its upward move above the USD 11,800 resistance. BTC even climbed above USD 12,000 before starting a downside correction. It is currently (08:30 UTC) trading above USD 11,650, but the main support is near the USD 11,550 level.
Similarly, most major altcoins are correcting...
Sichuan’s Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners
2.9.2020
In mid-August officials from the Chinese province of Sichuan approved a number of enterprises that mine bitcoin for legal hydropower consumption in the region. Following the local government of Ya’an city deciding to foster mining, officials from Chengdu recently spoke about welcoming crypto...
Moderator of Darknet Marketplace AlphaBay Sentenced to 11 Years in Prison
2.9.2020
The Colorado man mediated disputes on the now-defunct darknet marketplace Alphabay
Police Raid South Korean Crypto Exchange Bithumb - Reports
2.9.2020
Police in South Korea are reportdely searching the headquarters of Bithumb, the nation’s biggest crypto exchange per trading volume as part of an investigation into fraud and embezzlement.
Per Newsis and Seoul Shinmun, officers from the Seoul Metropolitan Police Agency’s Intelligence Unit raided...
LZ Lending Innovates and Integrates Peer2Peer Into Platform
2.9.2020
LZ Lending, London’s premier cryptocurrency Peer 2 Peer lending solutions, announces the official launch of their new fully integrated and simple to use P2P platform designed to remove barriers and obstacles that have prevented millions of potential investors from entering the cryptocurrency...
Major Swiss Insurer Adds Bitcoin and Ether Payments
2.9.2020
Atupri, a Swiss health insurance provider, said Monday that its 200,000 customers will now be able to make payments using bitcoin and ethereum. The 110-year old firm claims it is the “first” insurer in Switzerland to accept cryptocurrencies. In a statement, Atupri said payments will...
Vienna and Singapore stock exchanges embrace Bitcoin and Ethereum
2.9.2020
The Vienna Stock Exchange and the Singapore Exchange are warming up to cryptocurrency