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2020 Monsoon Season and Dam Stress Threatens Chinese Bitcoin Miners
24.7.2020
Digital currency proponents have been discussing the 2020 monsoon season in East Asia and how there’s a possibility it could wreak havoc on large bitcoin mining operations located in China. Recent estimates note that China has 50% of the world’s bitcoin mining capacity but if mining...
$500K Bitcoin Paid to Arrange Ex-Nissan CEO's Escape From Japan
24.7.2020
The son of ex-Nissan chairman Carlos Ghosn, who escaped house arrest in Japan in December, paid for the extraction using Bitcoin
Crypto Race Heats Up: Bitcoin’s Dominance Ratio Drops to Lowest Level in 12 Months
24.7.2020
The largest digital asset by market capitalization, bitcoin has lost a significant share of market dominance during the last few weeks. Bitcoin’s dominance ratio dropped to 61.5% on Thursday, after hovering around 66% for months on end. The last time the crypto asset’s dominance level...
Market Wrap: Bitcoin Hits 1-Month High; DeFi Value Locked Hits $3.3B
23.7.2020
Bitcoin is making gains, Ethereum’s DeFi value grows. (CoinDesk)
It Might Be 'too Early to Celebrate' Russia’s New Crypto Law
23.7.2020
Russia’s new crypto legislation was finally approved this week, after a delay of over two years – but it might be that the true battle for crypto regulation in the country is yet to begin.
A local expert has hinted that when policymakers decided to divide the “On Digital Assets” bill into two, they...
US Takes Down $25 Million Bitcoin ATM Operation, Seizes 17 Machines
23.7.2020
The U.S. government has taken down a $25 million bitcoin ATM operation and seized 17 machines along with some cryptocurrencies. The Department of Justice says the man behind this unlicensed bitcoin ATM operation has agreed to plead guilty and is facing up to 30 years in prison. US Dismantles...
Bitcoin Rallies 5% as US Regulator Greenlights Bank Crypto Custody
23.7.2020
Bitcoin price surged 5% to $9,664 less than 24-hours after the Office of the Comptroller of the Currency announced U.S. banks can provide crypto custody services
No One Has Traded Bitcoin Options on Bakkt for Over a Month: Deribit Continues to Dominate
23.7.2020
Open interest for Bakkt's bitcoin options market has stayed at $0 since June 15
Steve Wozniak Sues Youtube, Google for Promoting Bitcoin Giveaway Scam — Youtube Denies Fault
23.7.2020
Apple co-founder Steve Wozniak and 17 other victims have sued Youtube and Google for allowing, promoting, and profiting from bitcoin giveaway scams. However, Youtube insists that it is not at fault for scammers using its video-sharing platform for cryptocurrency giveaway scams and other fraudulent...
English Football Club Hit With Multi-Million Dollar Ransomware Attack
23.7.2020
Cybersecurity authorities in the UK warned that ransomware could threaten the sports sector
Bitcoin News Roundup for July 23, 2020
23.7.2020
With BTC finally breaking out and ETH up even more, CoinDesk's Markets Daily is back with another crypto news roundup
Fiat Will Be a Passing Fad In the History of Money - Deutsche Bank Strategist
23.7.2020
Fiat money will be a passing fad in the long-term history of money, while gold, as a hedge against government money, is outperformed by equities in the long run, according to Jim Reid, Research Strategist at German banking giant Deutsche Bank.
In a note to clients on Wednesday, he admitted that...
Why Interoperability Is the Key to Future Innovation and Adoption
23.7.2020
Blockchain interoperability has a big goal: to empower developers to choose what’s right for their application, not what is right for the platform they’re locked into
US Regulator Green-Lights Banks for Cryptocurrency Custody Services
23.7.2020
The Office of the Comptroller of the Currency (OCC) has clarified that national banks and federal savings associations can provide cryptocurrency custody services for customers. The OCC sees banks providing crypto custody services as “a modern form of traditional bank activities related...
Crypto Scammer on the Prowl as YouTube and Twitter Become Central to Bitcoin Scams
23.7.2020
Bitcoin giveaway scammers are getting away with Bitcoin
Some Bitcoin Traders Turn Cautiously Bearish — Why $9.5K Is a Problem
23.7.2020
The price of Bitcoin surged by 4.6% overnight but some traders are turning cautiously bearish on BTC/USD for two main reasons
3 Reasons Bitcoin’s Price Could Soon Rise to $10K
23.7.2020
After a rise over $9,500 Wednesday, bitcoin looks set to climb toward the psychological price hurdle of $10,000. Here's three reasons why
Twitter Hack Victims Face New Personal Data Breech Threats
23.7.2020
Attackers who collected bitcoin (BTC) 13.14 – worth about USD 120,000 – on July 15, from the largest hack in Twitter’s history, are believed to have accessed direct messages boxes of 36 users, including an elected Dutch official, and downloaded “Your Twitter Data” from eight accounts.
The company...
Philippines Now Has 16 Cryptocurrency Exchanges Approved by Central Bank
23.7.2020
The number of regulated cryptocurrency exchanges in the Philippines has grown to 16, according to Bangko Sentral ng Pilipinas, the country’s central bank. One of the regulated exchanges has been helping the government and Unionbank to launch an app for bond purchases. 16 Registered Crypto...
World Will Not Adopt a Bitcoin or Gold Standard, Says Peter Brandt
23.7.2020
The world is headed for special drawing rights with gold participating, but not a return to the gold standard, the trader says