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Bitcoin Reaches Record High Correlation to S&P 500
10.7.2020
Analysts expect bitcoin’s positive correlation to traditional markets to continue and strengthen
Bitcoin Wallet Electrum Now Supports Lightning, Watchtowers and Submarine Swaps
10.7.2020
In its latest major release, Electrum now supports a number of innovations that could make using Lightning more secure and less bumpy for users
Bitcoin News Roundup for July 10, 2020
10.7.2020
With the price of BTC headed down and the Fed's largest balance sheet decline in 11 years, CoinDesk's Markets Daily is back for your bitcoin news roundup!
Bitcoin Bull Mike Novogratz Says to Hold More Gold Than Bitcoin
10.7.2020
The billionaire investor Michael Novogratz recently detailed in an interview that he thinks global investors should hold more gold in their portfolios and own less bitcoin. Novogratz’s statements follow his recent advice last month when he said investors should “watch gold...
Bottlepay Returns by September with Fiat Integration and Bitcoin Tweets
10.7.2020
Upon its planned comeback by September, the fully compliant, revamped Bottlepay app will feature fiat integration, enabling users to spend bitcoin (BTC) from their national currency, Pete Cheyne, founder of this UK-based BTC wallet provider, told Cryptonews.com.
As reported, the first version...
'Looks Bad' — Bitcoin Futures Echo Days Before March Crash, Says Trader
10.7.2020
Analysis of futures behavior is strongly reminiscent of the days before BTC fell to $3,600, Cointelegraph Markets’ filbfilb warns
Bitcoin Mining Difficulty Set For New All-Time High. What Comes Next?
10.7.2020
A crypto mining farm. Miners' machines seem to be on and hard at work as mining Bitcoin (BTC) is about to get more difficult - reaching a brand new all-time high, thus increasing operational costs to mine the coin. Two industry players weighed in on what might come next.
Bitcoin mining...
Romanian Programmer Admits Conspiring to Create $722M Bitclub Ponzi Scheme
10.7.2020
A Romanian man admitted Thursday to conspiring to engage in wire fraud and selling unregistered securities linked to Bitclub Network, a cryptocurrency mining Ponzi scheme worth at least $722 million. Silviu Catalin Balaci, 35, a Romanian citizen appeared before U.S. District Judge Claire C. Cecchi....
Bitcoin Balances on Exchanges Reach New Low
10.7.2020
Bitcoin (BTC) balances held on exchanges continued down, reaching a 13-month low today. Meanwhile, a blockchain analyst suggested investors should use caution in how they interpret on-chain data.
The new low in exchange balances was reported by blockchain analytics firm Glassnode, which said...
The Federal Reserve’s Declining Balance Sheet Is Bearish for Bitcoin. Or Is It?
10.7.2020
The Fed’s balance sheet just dropped the most in 11 years, but despite popular opinion, that is not necessarily bad news for bitcoin
Kazakhstan Sets Eyes on Top-3 Spot for Global Bitcoin Mining
10.7.2020
The post-Soviet country’s cheap electricity has been attracting Bitcoin miners, but will it manage to elbow out Russia and the United States?
Bitcoin-Focused Investors Missing Out on ‘Mini Altcoin Boom’ - Head Trader
10.7.2020
Despite bitcoin (BTC) being the focus of most financial institutions that are dipping their toe in crypto, the altcoin market is where the action really happens, according to a head trader at New York-based crypto trading firm GSR.
Speaking with Bloomberg Radio, Richard Rosenblum, Co-founder...
Bitcoin and Altcoins Start Corrective Decrease, Key Supports Nearby
10.7.2020
Bitcoin price failed to clear the USD 9,500 resistance level and recently started a downside correction. BTC traded below the USD 9,300 support level and it is currently (08:30 UTC) struggling to stay above USD 9,150. If it fails to stay above USD 9,050 and USD 9,000, there are chances of a strong...
Accomplice in Alleged $722M Bitcoin Ponzi Scheme Pleads Guilty to Charges
10.7.2020
One of four men charged with defrauding investors of over $722 million through a long-running cryptomining scheme has pleaded guilty to charges against him
Switching Bitcoin to 100% ASIC Mining Could Increase Security 2000X
10.7.2020
ASIC miners are the best option for Bitcoin network security well into the future, new research has found
Malaysian Shariah Council Permits Cryptocurrency Investing and Trading
10.7.2020
The Shariah Advisory Council of Malaysia’s securities commission has advised that it is permissible to invest and trade cryptocurrencies on registered crypto exchanges. About 60% of the country’s population are Muslims, many of whom have been reluctant to trade crypto in fear that...
‘Significant’ Ethereum Rally Signals New Altcoin Season — Peter Brandt
10.7.2020
Ethereum price saw a bullish breakout against Bitcoin on July 9 and veteran trader Peter Brandt believes this could trigger a new altcoin season
Fueling the Cannabis Industry: US Crypto Lending Service Files for Regulated Token Sale
10.7.2020
Chicago-based lending firm Ceres recently filed for a request to conduct a Reg. A sale in order to get approval from the U.S. Securities and Exchange Commission (SEC). Ceres wants to launch a token that will be used for garnering equity, while the company also wants to launch a coin that can...
South Korean MP Makes Bid to Impose Capital Gains Tax on Crypto
10.7.2020
Yang Kyung-sook. Source: Twitter, @yangkyungsook
An influential South Korean MP has put forward a private members’ bill that would see crypto taxed under the nation’s capital gains tax laws.
Per Jose Ilbo, Yang Kyung-sook, an MP for the ruling Democratic Party and a member of the National...
Coinbase Eyeing US Stock Market Listing as Early as This Year
10.7.2020
Coinbase Inc is planning a U.S. stock market listing for later this year or early 2021, Reuters reported on Thursday. The plan is subject to approval by the U.S. Securities and Exchange Commission. If successful, Coinbase could become the first major American cryptocurrency exchange to go public....