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Mining Firm Hut 8 Reports 28% Drop in Q2 Revenue Following Bitcoin Halving
13.8.2020
Bitcoin mining firm Hut 8 reported a sharp drop in revenue. However, the rising value of the firm's BTC holdings helped it finish the quarter in the black
Learn to Profit From Bitcoin’s Growing Correlation With Traditional Assets
13.8.2020
Veteran crypto traders Scott Melker and Michaël van de Poppe will be discussing Bitcoin’s different types of correlation with traditional assets and how to best profit from them
Interest in Grayscale Crypto Products Not Easing Up, Not Just BTC Now
13.8.2020
Grayscale’s exponential growth demonstrates institutional demand for Bitcoin and other digital assets
Bitcoin News Roundup for Aug. 13, 2020
13.8.2020
With the price of BTC bouncing and ETH miners on the rise, CoinDesk's Markets Daily is back for your news roundup!
US Prosecutors Attempt to Seize Bitcoin Allegedly Tied to Al Qaeda
13.8.2020
The U.S. Department of Justice is trying to seize bitcoin from 155 addresses it alleges were used by Al Qaeda to fund terrorism
New Jersey Man Accused of Paying $20K in Bitcoin to Have Sex Crimes Victim Killed
13.8.2020
A New Jersey sex offender is now accused of paying a hitman in bitcoin to murder his 14-year old victim
305 Venezuelan Municipalities to Collect Tax in Cryptocurrency Petro
13.8.2020
Venezuela’s national tax harmonization agreement has been signed by the council representing 305 municipalities. They have agreed to use the country’s cryptocurrency, the petro, as the unit of account for tax payments. Taxing in Petro The Bolivarian Council of Mayors signed...
How Do Coinbase Loans Compare to Other Offers in the Market?
13.8.2020
Source: a screenshot, Instagram/Coinbase
As major US-based crypto exchange and wallet provider Coinbase announced its plans to launch lending services in the US this fall, how they compare to what other industry players are already offering?
At this stage, details are scarce, however, the company...
Bitcoin Recovers from $11.3K Despite Losses in European Stocks
13.8.2020
Bitcoin has shrugged off a drop to $11,300 for the third day running, possibly buoyed by gold's recovery on Wednesday
Craig Wright Apparently in No Hurry to Pay $60K for Failed Suit
13.8.2020
According to the Norwegian Hodlnaut, it seems that Wright is ignoring his legal obligations following a failed legal battle
What Bitcoin Can Learn From Gold About Staying ‘Clean’
13.8.2020
A proposal to adapt gold's "good delivery" system to bitcoin, with the aim of bringing more investors into the market and boosting liquidity
High Fees Make BTC Less Appealing for Remittances in Africa: ‘Pray Blocks Happen Quickly’
13.8.2020
Bitcoin trading volumes are on the rise on the African continent despite the ongoing concerns about the high network fees. Data shows peer to peer bitcoin trading platforms recorded spiked growth in volumes starting in April. This was the same time as many countries implemented lockdown measures....
Bitcoin Echoing 2017 Bull Run as Report Says Buyers Entered at $10K
13.8.2020
Bitcoin market analyst filbfilb reveals key similarities between now and late 2016 as bullish sentiment keeps building for BTC price
Understanding Directed Acyclic Graphs in the Blockchain Landscape
13.8.2020
DAGs present an encouraging approach, aimed to improve the existing speed, scalability and cost issues of blockchain technology
Bitcoin Struggling Near USD 11,500, Chainlink, Ethereum Climb
13.8.2020
Bitcoin price remained well bid above the USD 11,100 and USD 11,200 levels. Recently, BTC recovered above USD 11,350, but it is struggling to gain strength above USD 11,500. The price is currently (08:30 UTC) consolidating near USD 11,500 and it might correct lower again.
Similarly, many major...
Wall Street Starts ‘Hodling’ Bitcoin as 40% of BTC Unmoved in 2 Years
13.8.2020
Grayscale and MicroStrategy lead a surge in institutional demand for new coins, with selling not part of the landscape, data shows
Fed Reserve Analysts Say Common Digital Currency Distinction ‘Problematic’
13.8.2020
Bitcoin blurs the boundaries of a widely used classification of digital currencies and the distinction should be retired, say Fed experts
Australian Woman Jailed Two Years for Stealing $300,000 Worth of XRP
13.8.2020
An Australian hacker who stole 100,000 units of the XRP cryptocurrency has been sentenced to a maximum of two years and three months in jail, local media reported. Kathryn Nguyen hacked the crypto account of a 56-year old man in January 2018. Working with an accomplice, the 25-year-old Sydney woman...
Nigerians Are Using Bitcoin to Bypass Trade Hurdles With China
13.8.2020
Nigerian entrepreneurs are increasingly using bitcoin as a way to trade internationally, noting its significant benefits over legacy financial systems
Boom! Kraken Predicts Imminent Bitcoin Price Rally of Up to 200%
13.8.2020
After record strength in the Bitcoin markets at the end of July, Kraken is predicting that BTC could see price gains of up to 200% over the coming weeks and months