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Google, Facebook, Twitter Face Class-Action Lawsuit for Banning Crypto Ads
20.7.2020
Cryptocurrency businesses are taking Google, Facebook, and Twitter to court in a class-action lawsuit that could cost the social media giants $300 billion. The plaintiffs say that their businesses have been hurt by Google, Facebook, and Twitter banning crypto ads on their platforms. Google...
Velas Enters the Top 100 Coinmarketcap and Launches on Bitcoin.Com Exchange
20.7.2020
The blockchain network that is self-learning and self-optimizing and claims to be able to deliver up to 30,000 transactions per second with a speed of anywhere from 1 second to 2 minutes. Velas is a blockchain ecosystem that implements an AI-powered Delegated Proof-of-Stake (AIDPOS) consensus...
Bitcoin Hashrate Might Double In a Year, Pressing Miners' Margins
20.7.2020
Source: Adobe/Татьяна Палладина
Bitcoin (BTC) hashrate, or the computational power of the Bitcoin network, could rise 120% in a year, but the price of the coin needs to follow so that the profitability for miners wouldn't drop, according to a recent research.
In their latest report, commissioned...
Power Struggle Inside Bitmain ‘Hard Forks’ Bitcoin Miner Production
20.7.2020
The ongoing battle between the two co-founders at Bitmain has essentially hard forked the production at the world’s largest bitcoin miner manufacturer
Updated Russian Crypto Bill Defangs Punishments for Using Crypto
20.7.2020
Newest version of Russian bill “On Digital Financial Assets” does not criminalize crypto usage, but there is one more bill that might
Bitcoin News Roundup for July 20, 2020
20.7.2020
With bitcoin's trading range getting even tighter, CoinDesk's Markets Daily is back for your bitcoin news roundup
Crypto Market Sentiment Drops, Three Major Coins Remain Positive
20.7.2020
Source: iStock/da-kuk
After last week's jump towards the positive zone, crypto market sentiment score (sentscore) took a step away from that level. The combined moving 7-day average sentscore for the top 10 coins now stands at 5.45, compared to 5.77/10 seven days ago - but still being higher than...
Wirex Approved to Issue Mastercard-Backed Bitcoin Debit Cards
20.7.2020
Mastercard said Monday it had granted Wirex principal membership status, becoming the “first” native cryptocurrency outfit to do so. The membership allows Wirex, a London-based digital payments firm, to issue payment cards directly to consumers, making it easier for people to buy, hold...
Aave's LEND Skyrockets by 8,000% Against Bitcoin In 'Over-extended' Rally
20.7.2020
After a strong rally in the past few months, LEND, the native token of Aave, the third biggest DeFi (decentralized finance) platform by total value locked (TVL), is now up by 8,087% against bitcoin (BTC) in the past 12 months while long-term investors dumping their coins on FOMOing buyers....
First Mover: Bitcoin Miners Find Upgrade Financing Aplenty, Even as Prices Languish
20.7.2020
Big-money players are extending financing to bitcoin miners for equipment upgrades, even though prices are still torpid two months after the halving
Bitcoin Futures Trading Volume Slips to 3-Month Low on CME
20.7.2020
Trading activity in bitcoin futures listed on the Chicago Mercantile Exchange has cooled as the top cryptocurrency languishes in the price doldrums
Coincidence? Top 5 Swiss Bank’s Profits up 34% After Bitcoin Integration
20.7.2020
Julius Baer, a top-five Swiss bank, saw its net profit climb by 34% in the first half of 2020, a period during which it began offering digital assets like Bitcoin to its clients
How Bitcoin Allows Cloudbet to Offer the Fairest Odds in Soccer
20.7.2020
One crypto sportsbook is using the English Premier League’s return to demonstrate how blockchain technology helps it to offer customers fairer prices to maximise their winnings. Cloudbet, the pioneering bitcoin operator, recently announced that for each remaining game in the EPL season, it would...
Japanese Central Bank Creates Digital Currency Unit – Led by Satoshi!
20.7.2020
Source: Adobe/Юрий Дьяконов
The central Bank of Japan (BoJ) has created a "Digital Currency Unit” as the nation heads toward a tentative central bank digital currency (CBDC) launch – and it’s being headed by a man named Satoshi.
Per Reuters Japan, the BoJ has officially opened a specialized...
PayPal and Paxos Might Announce Crypto Partnership This Week - Report
20.7.2020
The partnership announcement between the payments giant PayPal and the issuer of the major stablecoin Paxos Standard Token (PAX) might reportedly be made this week.
PayPal is planning to bring crypto trading to its user base and has chosen New York-based Paxos to handle the new service’s supply...
Bitcoin and Major Altcoins Showing Signs Of an Upside Break
20.7.2020
This past week, bitcoin price extended its decline below the USD 9,300 and USD 9,200 support levels. However, BTC managed to stay above the USD 9,000 support and it is currently (08:30 UTC) showing signs of a possible fresh increase towards USD 9,500 in the coming sessions.
Similarly, most major...
Bitcoin Breakout on July 22? 5 Things to Watch for BTC Price This Week
20.7.2020
Analysts predict that the end of Bitcoin’s compression cycle will hit within days as price action continues to preserve $9,000 support
Bitcoin Price Stable as It is ‘Very Much Altseason’ Now - Binance CEO
20.7.2020
With bitcoin (BTC) recently being “really stable,” and even jokingly referred to as a stablecoin in the community, it is “very much altseason” in the crypto market right now, according to Binance CEO Changpeng Zhao.
In an interview with Bloomberg TV, he said that the fact that altseason...
Binance CEO CZ: ‘Bitcoin Has Been Really Stable’
20.7.2020
Changpeng Zhao, CEO of Binanace, says that Bitcoin will eventually break out of this $9,000–9,500 corridor but the token is "really stable" now
Grayscale CEO: US Regulators Can’t Shut Down Bitcoin
20.7.2020
Grayscale CEO Barry Silbert believes the United States is past the point where regulators have the support to ban crypto assets like Bitcoin