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Bitcoin News Roundup for August 4, 2020
4.8.2020
With investment opportunities in traditional markets drying up, bitcoin futures are drawing record interest. CoinDesk's Markets Daily is back for your bitcoin news roundup!
Bitfinex Offers Up to $400M For Information Leading to BTC Stolen in 2016
4.8.2020
Bitfinex wants to recover Bitcoin stolen from them in 2016, even if that means paying to find the hackers responsible for the attack
Chainlink Reaches New LINK Price All-Time High Eyeing $10 Next
4.8.2020
The price of Chainlink has climbed to new heights as LINK continues to be one of the strongest cryptocurrency market performers of 2020
Bitcoin Price Hits New All-Time High Against Turkish Lira
4.8.2020
As the Turkish lira hits record lows despite foreign reserve selling, Steve Hanke says that only a “gold-backed currency board” can save the economy
Centralized Money Has ‘Never Been Good’ - US Congressman
4.8.2020
Tom Emmer. Source: Twitter/@MNFarmBureau
US Congressman Tom Emmer caught the attention of many crypto fans when he stated that centralized monetary systems have “never been good, no matter where it’s been tried.”
In a podcast, hosted by co-founder of Morgan Creek Digital, Anthony Pompliano,...
Bitfinex Steps up Hunt For Its Hackers, Promises USD 400m In Rewards
4.8.2020
Major crypto exchange Bitfinex has offered a multi-million dollar reward to anyone who can lead it to the hackers responsible for the the theft of nearly bitcoin (BTC) 120,000 in August 2016 - even to the hackers themselves.
Today's value of the bitcoin stolen from Bitfinex four years ago is around...
Government Official Updates Progress of India’s Cryptocurrency Law
4.8.2020
A government official has reportedly confirmed that a “note” regarding the legal framework for cryptocurrency in India has been forwarded to related ministries for inter-ministerial discussions. It would then be presented to the cabinet for approval. Status of Indian Crypto Bill...
New Asian Crypto Behemoth Blessed But Merger Delayed
4.8.2020
Japanese regulators have given their approval to a proposed merger between chat app giant Line and the Softbank-backed Yahoo Japan.
Per multiple media outlets, including Fn News, the Japan Fair Trade Commission, the government body responsible for regulating economic competition in the country...
What People Who Aren’t Bullish on Bitcoin Still Like About It
4.8.2020
Working with open-source software changes the development process, according to this researcher who interviewed hundreds of technologists across projects
‘High Probability’ Bitcoin Rises as USD Sinks to 2008 Levels — Trader
4.8.2020
The U.S. dollar is at risk of falling below the lower end of a 12-year trendline as some analysts argue that this may be a bullish turning point for Bitcoin price
First Mover: As Fed Nears Inflation Rubicon, Analysts See $50K Bitcoin in Play
4.8.2020
The Federal Reserve appears ready to pursue yet another untested strategy that could ultimately boost inflation – and possibly prices for bitcoin
Bitcoin Will Get Stronger After Crisis, Says US Congressman Emmer
4.8.2020
United States Representative Tom Emmer is confident about the bright future of Bitcoin and blockchain technology
INX Scales Down US IPO Target to $127M – Still Set to Be Crypto’s Largest
4.8.2020
The cryptocurrency and security token exchange has filed an updated IPO prospectus with the SEC, lowering the maximum expected raise and proposing a new launch date
Bitcoin Futures Interest Soars as Bond Yields Fall to Record Lows: Industry Exec
4.8.2020
Surging open interest in crypto derivatives suggests investors are seeking alpha in other investments, like bitcoin, said the co-founder of an index fund provider
Russian Lawyers Warn E-pay Laws May Have Knock-on Effects for Bitcoin
4.8.2020
A new Russian law banning anonymous fiat deposits in e-pay wallets like PayPal may have an effect on crypto users, legal experts in the country have warned.
A new law governing digital payment systems came into force in Russia on August 3. The law forces operators such as PayPal and domestic rivals...
Over 90% of ETH’s Supply Now in Profit
4.8.2020
More than 90% of ETH’s circulating supply is now in profit. The last time this level was observed was in early 2018 when the price of the cryptocurrency was $925. Research and analytics firm Glassnode reported Monday that the percentage of ETH’s supply in profit has reached a level...
Bitcoin and Altcoins Signaling Fresh Rally
4.8.2020
Bitcoin price is forming a strong support base above the USD 11,000 level. BTC is rising steadily and it is currently (08:30 UTC) trading above USD 11,200. If there is a clear break above USD 11,450, the price might accelerate higher towards the USD 12,000.
Similarly, most major altcoins are moving...
Stocks Crash Can Stop $11.3K Bitcoin Price ‘In Its Tracks’ — Report
4.8.2020
In its latest weekly report, Glassnode warns that despite strong network fundamentals, Bitcoin remains at risk of a macro-induced plunge
The 2020 Rainy Season Is Tougher Than Ever for China’s Bitcoin Miners
4.8.2020
Chinese bitcoin miners are usually happy this time of year because the monsoon season brings excessive rain and thus cheap hydro electricity. But this year has proved to be tougher than ever
McAfee Says NetWalker Ransomware Generated $25M Over 4 Months
4.8.2020
The millionaire profits put NetWalker as one of the most profitable pieces of ransomware during 2020