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First Mover: Sleepy Fed Meeting Belies Tense Economic Reality (Brrr) That May Buoy Bitcoin
30.7.2020
It didn't really matter to bitcoin traders that the Federal Reserve's meeting this week was so anticlimactic. The real action is ongoing – in the form of more money injections
When Robinhood FOMO? Bitcoin Price Pulling a ‘Kodak’ Means Six Figures
30.7.2020
If Bitcoin sees similar FOMO rallies like KODK in recent days, BTC price could quickly soar to six figures, as some analysts have previously predicted
27 Key Execs at PlusToken Scam Are Reportedly Arrested
30.7.2020
PlusToken, one of the greatest exit scams in history, defrauded investors of nearly $6 billion, according to latest reports
Bybit presents World Series of Trading (WSOT) – 200 BTC Prize Pool up for Grabs
30.7.2020
While movie theaters may be unusually empty this time of the year, a different kind of summer blockbuster is coming soon, one that promises to bring back the exhilaration of competitive crypto trading with up to 200 bitcoins (BTC) prize pool, up to 20% off trading fees and up to $9,400 in USDT...
27 Arrests as Chinese Police ‘Completely Destroy’ PlusToken Bitcoin Scam
30.7.2020
One of the most notorious and largest-scale bitcoin (BTC) scams of all time appears to have finally be taken down – with Chinese police swooping to arrest 27 suspects it said orchestrated PlusToken.
Per state-owned media outlet Chinanews, the Ministry of Public Security, China’s police authority...
Bitcoin Held by Exchanges Drops to 2019 Bull-Run Levels, Demand Rising
30.7.2020
Bitcoin balances on major exchanges drop to levels not seen since last summer’s bull run as demand and BTC price are on the rise
Comparing Money Laundering With Cryptocurrencies and Fiat
30.7.2020
Laundering money with Bitcoin is actually an ineffective strategy because of its complexity and high risk
Tether Prints $300 Million, While XRP Reclaims Third Spot
30.7.2020
Tether Ltd printed a total of USDT 300 million Wednesday and this brought the total coins created to 540 million in the last three days alone. The latest USDT printing will see the top stablecoin’s market capitalization significantly passing the $10 billion mark. Responding to a whale alert...
Bitcoin and Altcoins Consolidate Above Key Uptrend Supports
30.7.2020
Bitcoin price remained below the USD 11,250 and USD 11,400 resistance levels. BTC is currently (08:30 UTC) correcting lower and it is struggling to stay above USD 11,000. It seems like the price might continue to move down and it could even retest the USD 10,550 support zone.
Similarly, most major...
Zero Collateral: $138 Million in Defi Flash Loans Issued in 24 Hours
30.7.2020
The decentralized finance (defi) realm continues to heat up with concepts like yield farming, but another scheme called defi flash loans has also grown exponential. On Monday, the noncustodial lending protocol Aave issued $138 million in loans with zero collateral. Since the last week of June, defi...
Iranian Authorities Greenlight Power Plants Mining Bitcoin
30.7.2020
According to Iranian authorities, power plants can mine cryptocurrencies like Bitcoin, but will not be able to take advantage of subsidies
Privacy-Enhancing Protocol Cashfusion Completes Security Analysis
30.7.2020
Just a few days prior to the Bitcoin Cash anniversary, BCH fans found out that the Cashfusion audit from Kudelski Security is now complete. Electron Cash engineer Jonald Fyookball announced the audit was finished and said the protocol “passed, mostly with flying colors.” Last February...
Fidelity Calls Bitcoin an ‘Aspirational’ Store of Value and an ‘Insurance Policy’
30.7.2020
Bitcoin is an aspirational store of value according to Fidelity Digital Assets
Bitcoin Tops $11,000 Reigniting Interest in India
30.7.2020
A resurgent bitcoin is rekindling Indian interest in cryptocurrencies with reports suggesting many dormant holders are back to trading. A report in Livemint is also attributing the piqued interest to a recent Indian supreme court decision to overturn a prohibition that barred banks from dealing...
More Ether Holders Are in Profit Than There Are BTC Addresses in Total
30.7.2020
Ethereum addresses in profit now exceed the total number of addresses with a Bitcoin balance
Bitcoin Is a Better Hedge Against USD Than Gold
30.7.2020
Enjoying a stronger negative correlation with the U.S. dollar than gold, Bitcoin may start to present a more attractive alternative to both in the eyes of the investors
Novogratz: Global ‘Liquidity Pump’ Will Keep Bitcoin Rising, Price to Hit $20K This Year
30.7.2020
Billionaire investor Michael Novogratz said global “liquidity pump” from stimulus packages will keep driving bitcoin’s price higher. He expects the price of bitcoin to reach $20,000 this year, fueled by retail investors shifting to the cryptocurrency. Mike Novogratz’s...
Winklevoss Twin: Next Bitcoin Bull Run Will Be ‘Dramatically Different’
29.7.2020
Billionaire investor and Gemini founder Cameron Winklevoss says the next Bitcoin bull run will be “dramatically different.”
Maturity of the Crypto Derivatives Market Attracting More Institutional Investors
29.7.2020
Bybit exchange’s CEO believes maturity of the crypto derivatives market plays an important role in attracting more institutional investors
Stablecoin On-Chain Activity Explodes as Bitcoin Breaks $11K
29.7.2020
The on-chain activity for market-leading stablecoins Tether, DAI and USDC exploded as Bitcoin breached the $11,000 plateau