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Analysts Predict US Presidential Election Outcome Could Collapse Dollar, Boost Bitcoin and Gold
25.8.2020
Analysts have predicted a bearish outlook for the U.S. dollar as the country’s 2020 presidential election approaches. One analyst says gold will correct with Donald Trump’s victory followed by the collapse of the U.S. dollar. Bitcoin, on the other hand, stands to gain from the election....
Blockchain Bites: Bitcoin’s ‘Rich List,’ Ethereum’s Volatility, DeFi’s Shakeup
25.8.2020
The number of addresses on Bitcoin’s “rich list" is reaching new highs while another firm is putting its cash reserves into bitcoin, not a bank account
Bitcoin News Roundup for Aug. 25, 2020
25.8.2020
With bitcoin still under $12K and Aave pulling ahead of MakerDAO, CoinDesk's Markets Daily is back for your latest crypto news roundup!
Snappa Joins Companies That Diversified Cash Holdings Into Bitcoin
25.8.2020
Snappa, an online graphics creation company, joined the group of companies diversifying their cash holdings into bitcoin (BTC), with its co-founder and CEO, Christopher Gimmer, describing the world's number one crypto as "a far superior savings technology."
Gimmer went on to give...
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...
Another Bitcoin Lightning Startup Is Working With Visa to ‘Fast Track’ Card Payments
25.8.2020
With help from the Visa Fast Track program, LastBit will let users make any purchase with bitcoin, without needing the merchant to actively accept it
First Mover: Ether Price Swings Make Bitcoin Look Tame as DeFi Speculation Spreads
25.8.2020
The success of DeFi on the Ethereum blockchain has brought traders more than just congestion and high transaction fees: Volatility in ether prices
Increase Your Profit Potential With Margin Trading
25.8.2020
Spot trading is a popular way for investors to access the crypto market in a straightforward manner. It’s mainly fiat-to-crypto trading, as well as crypto-to-crypto trading. It’s simple, you get a crypto wallet, you buy a token with fiat currencies, and then once the price...
P2P Cryptocurrency Exchanges in Africa Pivot: Nigeria and Kenya the Target Markets
25.8.2020
Leading cryptocurrency exchanges are bullish about Africa’s growth prospects as evidenced by their ongoing forays into the continent. During the month of August, Kucoin crypto exchange announced the addition of Nigeria’s naira currency as a payment option on its peer-to-peer platform....
Powell’s Coming Inflation Speech May Weigh Over Dollar and Boost Bitcoin: Analysts
25.8.2020
The Federal Reserve chief is expected to bolster expectations of inflation in a keynote Thursday. That may be bad for the dollar but good for bitcoin
Bitcoin is on target to hit $288K as US money velocity collapses in Q2
25.8.2020
An analyst warns that there is now “just too much money to spend” as the wild money printing regime of central banks fuels Bitcoin’s strength
Bitcoin and Altcoins Struggle To Clear Key Uptrend Hurdles
25.8.2020
Yesterday, bitcoin price started an upside correction above USD 11,650 and USD 11,700. However, BTC struggled to clear key uptrend hurdles near USD 11,850 and USD 12,000. As a result, there was a fresh decline and the price is currently (08:30 UTC) testing the USD 11,550 support zone.
Similarly...
Australian Conman Extradited Over Alleged Fraud Involving $1.2M in Bitcoin
25.8.2020
An Australian serial conman has been extradited to New South Wales to face fraud charges involving over $1 million in bitcoin
Bitmain inks $18M Bitcoin mining rig sale with Riot Blockchain
25.8.2020
The giant continues to give a boost to its prime product despite recent shipments issues
Venezuela Blocks Opposition From Disbursing $18 Million To Health Workers via Bitcoin Exchange Airtm
25.8.2020
Venezuela has blocked the main opposition from distributing $18 million worth of cash previously seized by the U.S. from the Nicolas Maduro government. The money is being dished out via peer-to-peer (P2P) crypto exchange Airtm to 62,000 healthcare workers starting Monday. However, it is not...
The Bitcoin Network Now Consumes 7 Nuclear Plants Worth of Power
25.8.2020
The SHA256 hashrate that secures the Bitcoin network has grown massively during the last few years, as Bitcoin’s processing power has touched all-time highs in 2020. Moreover, the gigawatts of electrical consumption powering industrial bitcoin mining today consumes as much as seven nuclear...
Stop Sweating About BTC Supply, Expert Tells Bitcoiners
25.8.2020
Bitcoiners’ greatest fear – certainly in recent months – revolves around supply issues. What happens to bitcoin (BTC) when there is nothing (or very little) left to mine. How will the world’s biggest token respond?
Well, one expert says that “concerns about bitcoin’s long-term supply credibility...
Corporate Crypto Reserve Status: Software Firm Snappa Swaps 40% Cash Reserves for Bitcoin
25.8.2020
On Monday, Canadian graphics software company, Snappa, revealed that it was holding bitcoin as a reserve asset. Snappa follows the firms Microstrategy and the Canadian restaurant chain Tahini’s by deciding to convert cash reserves into the scarce crypto asset. The graphics software firm...
The Iranian government took down over a thousand crypto mining farms
24.8.2020
Iran is rewarding people who turn in crypto miners operating without a license
Market Wrap: Bitcoin Hits $11.8K; Ethereum Gas at All-Time High
24.8.2020
Many bitcoin stakeholders expect a weak market this week to cap August while DeFi continues to stretch Ethereum’s network