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First Mover: Bitcoin Rises More in One Day Than Stocks Have Gained All Year
6.8.2020
Bitcoin prices surged 5% Wednesday, outpacing stocks and gold amid calls for more government stimulus to stem the fallout from the coronavirus pandemic
German Police Seize $30M in Crypto From Streaming Site Operator
6.8.2020
One of the main operators of the now-shuttered streaming site movie2k.to has forfeited over $30 million worth of crypto to German police
Bitcoin P2P Trading Soars in India as New Exchange Launches
6.8.2020
Bitcoin P2P trading volume in India has been growing rapidly, hitting record highs over the past weeks. Meanwhile, a new P2P trading platform has launched in India as the crypto industry awaits the government’s decision on a cryptocurrency law. P2P Trading Volume Soars in India Peer-to-peer...
Bitcoin Whales Bought the Dip, Data Shows as $1.2B Leaves Exchanges
6.8.2020
Investors are in no mood to sell as the number of Bitcoins held in exchange wallets “falls off a cliff” this week
Bitcoin Breaks Higher, Outperforms Major Altcoins
6.8.2020
Bitcoin (BTC) is leading the rally higher today on what has been a strong day for the broader crypto market so far, with the uptrend for ethereum (ETH) also holding up despite a mixed picture among other altcoins.
As noted in yesterday’s market watch, a daily close above the USD 11,500 level...
Regulate Bitcoin or Risk Speculative Bubble, Warns Japanese FSA
6.8.2020
Ryozo Himino.
The new chief of the top Japanese financial regulator, the Financial Services Agency (FSA), has spoken out about crypto-related concerns – and said that “deregulating bitcoin” could likely “just boost speculation.”
Speaking to Reuters, FSA commissioner Ryozo Himino – who...
Negative USD Yield Risk Adds Bitcoin On Software Giant’s Radar
6.8.2020
Following announcements from major mainstream investors such as Paul Tudor Jones that they are adding bitcoin (BTC) to their portfolios as an inflation hedge, a US-based major software company said that it may invest part of its cash into bitcoin and other alternative investments, citing “negative...
Bitmain Delays Bitcoin Miner Shipments by Three Months as Co-Founders Battle On
6.8.2020
The escalating internal power struggle at Bitmain is starting to have a more serious impact on its business and customers
SEC Looking to Buy a Blockchain Forensics Tool That Analyzes Smart Contracts
6.8.2020
The U.S. Securities and Exchange Commission (SEC) is looking for a blockchain forensics tool to help it analyze smart contracts. In a call for bids to software companies on July 30, the regulator said that the tool must be able to “analyze and detail code within blockchains and other...
Bitcoin Price En-route to New 2020 High Once Bulls Break $11.8K Resistance
6.8.2020
Bitcoin price is gearing up for a second attempt at $12,000 and altcoins continue to rally higher
Bitcoin Scammers Rebrand Jon Prosser’s YouTube Channel as ‘NASA’
6.8.2020
YouTube took down Jon Prosser’s channel with 262K subscribers after hackers used it to promote a free Bitcoin giveaway scam
Fed’s Inflation Efforts ‘Likely to End Disastrously’ Says Pomp
6.8.2020
Anthony Pompliano said Bitcoin, stocks, gold, and real estate will run ‘much, much higher’ as the Fed inadvertently ramps up inflation
US Congressmen Want IRS to Balance Taxation and Innovation in the Cryptocurrency Space
6.8.2020
A bipartisan quartet of US congressmen wants the IRS taxation policy not to dissuade taxpayers from participating in blockchain token staking. These politicians believe America’s ingenuity can help drive this promising staking technology. The four congressmen are Bill Foster (D) of Illinois...
Blockstream’s Adam Back Slams Ethereum as a Ponzi-Scheme
6.8.2020
Crypto tribalism shifts up a gear, with Bitcoin pioneer Adam Back lashing out at Ethereum
Peer-to-Peer Bitcoin Trading Tops $95 Million as Sub-Saharan Africa Records Set All Time High
6.8.2020
Weekly peer-to-peer bitcoin trading volumes topped $95 million globally with several countries recording new all-time highs for the year. The record trading volumes coincided with the most bullish week for cryptocurrencies with bitcoin (BTC) briefly trading above $12,000. As data from Usefultulips...
Bitcoin and S&P 500 No Longer Correlated: Mati Greenspan
6.8.2020
The Quantum Economics founder says there was only ever a ‘loose correlation’ between crypto markets and the S&P 500 during the pandemic
S2F Price Model Suggests Bitcoin Price Hits $100K – Author Claims Model Is Perfectly on Track
6.8.2020
The author of the controversial bitcoin stock-to-flow (S2F) price model said that at current prices the S2F model is “perfectly on track.” S2F shows the price could hit around $30,000 by the year’s end and by August 2021 prices could be $100,000 per bitcoin. The crypto asset...
Man Accused of Arranging Murder to Avoid Crypto Debt Can’t Escape Jail, Brazilian Court Rules
5.8.2020
Crypto businessman Danilo Afonso Pechin remains jailed after Brazil's High Court refused to hear his request for habeas corpus
Bloomberg: Ethereum’s Rise is Speculative While Bitcoin’s Price Is Based on Fundamentals
5.8.2020
Bloomberg finds Ethreum’s bull run to be speculative while contending that Bitcoin’s appreciation is driven by fundamentals
3 Ways US Fed Printing Is Fueling Huge Gold, Silver and Bitcoin Rally
5.8.2020
Federal Reserve monetary policy appears to be a primary catalyst for the current rally in gold, silver and Bitcoin