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Bitcoin News Roundup for Aug. 12, 2020
12.8.2020
With bitcoin prices sitting around $12K and Russia developing “Transparent Blockchain” AI, CoinDesk's Markets Daily is back for your latest crypto news roundup!
Chainlink Flips Bitcoin Cash; Nigeria Leads in Crypto Usage + More News
12.8.2020
Is the Bitcoin Bull Market in Jeopardy After Failure to Break $12,000?
12.8.2020
Bitcoin price is slowly recovering from yesterday’s $700 drop but is another shot at $12K expected in the short term?
Invest 3% in Bitcoin to Avoid COVID-19 Lockdown Devaluation — BitGo CEO
12.8.2020
The U.S. has made a rod for its own back with lockdown, and institutional investors already know it, argues Mike Belshe
Cointelegraph Launches Newsletter for Professional Investors
12.8.2020
Cointelegraph Consulting now offers two newsletters per month containing crypto trading and investing intel
$4.6 Billion Under Management: Grayscale Purchased Over $100M Worth of Bitcoins Last Week
12.8.2020
This week cryptocurrency proponents discussed the firm Grayscale Investments, as the firm purchased 9,702 bitcoins (over $110 million) in the past five days. The news follows Grayscale informing the U.S. Securities and Exchange Commission (SEC) that the Bitcoin Trust (GBTC) grew over $1.6 billion...
'Dirty Little Secret', Bitcoin, Needs 4% In A Portfolio - CoinShares
12.8.2020
Despite high volatility, traditional investors with a 60/40 stock and bond portfolio should allocate 4% of their portfolios to bitcoin (BTC), as the asset is “beginning to mature as a store of value,” according to an investment strategist at digital asset management firm CoinShares.
In a interview...
Grayscale Bitcoin Trust Saw Surge in Investor Interest After March
12.8.2020
Grayscale's Bitcoin Trust issued almost twice as many shares, but arbitrage could have played a role
Championing Blockchain Education in Africa: Women Leading the Bitcoin Cause
12.8.2020
“Women need to be financially independent. This is the biggest weapon they can use to liberate themselves. When they no longer depend on anyone, they can then reach their full potential.”
MyCrypto CEO Explains How to Survive (and Thrive) in a Crypto Bull Market
12.8.2020
Taylor Monahan. Source: a video screenshot, Youtube/IDEO CoLab
Crypto bull runs present a unique opportunity for investors – as well as no shortage of potentially crippling pitfalls.
And although there are almost as many theories on how to maximize the benefits of a bull run as there are experts...
How Realistic Is Russia’s Bitcoin, Ethereum, Monero Monitoring Plan?
12.8.2020
Source: Adobe/Studio_East
Russian experts have been debating the feasibility of a new crypto monitoring platform that could allow Moscow to partially de-anonymize bitcoin (BTC), ethereum (ETH) and even privacy tokens like monero (XMR).
As reported yesterday, a local media outlet said it has seen...
Grayscale Tells SEC Its Bitcoin Trust Rose $1.6B Over Six Months
12.8.2020
Crypto investment firm Grayscale has told the SEC that the dollar-value of assets in its flagship bitcoin fund increased 90% to over $1.6 billion
Did Russian COVID-19 Vaccine News Crash Bitcoin and Gold Prices?
12.8.2020
Following a crash in both gold and bitcoin (BTC) prices yesterday that sent the much-discussed gold-to-bitcoin correlation even higher, the discussion is now on about what caused the sell-off, and whether a Russian COVID-19 vaccine could potentially be hurting the price of both assets.
At the time...
3 Reasons Why MicroStrategy Adopted Bitcoin — And Why Others Will Too
12.8.2020
The CEO of the company that just bought 21,454 BTC calls it “digital gold,” and the tide will cause the business world to admit the same, say supporters
Asset Manager NYDIG Raises $5M for Third Bitcoin Fund in 2020
12.8.2020
NYDIG has set up another bitcoin fund, raising $5 million from accredited investors – it's unclear what differentiates this one from its previous funds
LocalCryptos Integrates Inbuilt Crypto-To-Crypto Exchanges, Powered by ChangeNOW
12.8.2020
ChangeNOW is happy to announce the integration with LocalCryptos – the world’s most popular non-custodial peer-to-peer crypto marketplace! From now on, LocalCryptos users can swap cryptocurrencies right inside its built-in non-custodial crypto wallet. To perform the desired trade in...
Bitcoin and Altcoins Start Corrective Decrease
12.8.2020
As discussed yesterday, bitcoin price started a downside correction below the USD 11,800 level. BTC even broke the key USD 11,500 support level. It is currently (08:30 UTC) down over 2% and it seems like there are chances of more losses towards the USD 11,200 and USD 11,000 levels.
Also, many major...
Appeals Court Backs Coinbase in Bitcoin Gold Fork ‘Breach of Contract’ Lawsuit
12.8.2020
A California appeals court has backed a prior judgement that the cryptocurrency exchange wasn't obliged to to support the Bitcoin Gold hard fork in 2017
Fusing With Whales: Cashfusion Privacy Mixing Expands Allowing 10x Bigger Coins
12.8.2020
On August 11, 2020, the Electron Cash developer Jonald Fyookball announced that Cashfusion tiers have been expanded to allow 10x bigger coins to be fused. The announcement got the Bitcoin Cash community excited to “fuse with whales,” as the increase has been upped from 0.82 BCH to...
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...