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Bitcoin’s Lightning Network Is Vulnerable to ‘Looting’: New Research Explains
6.7.2020
Computer scientists Jona Harris and Aviv Zohar have examined the Lightning Network's "flood and loot" attack which preys on Bitcoin congestion
Bitcoin Up 27% in First Half of 2020, Beating Gold, Silver and Platinum
6.7.2020
Bitcoin showed its luster during the first half of 2020 amid mediocre returns from precious metals
The Tokenized Metaverse: Non-Fungible Token Sales to Surpass $100 Million
6.7.2020
On July 1, 2020, the partner of Polynexus Capital, Andrew Steinwold, detailed that the sales of blockchain-powered non-fungible tokens (NFTs) are about to cross the $100 million mark. The popularity of NFTs has grown massive since 2017, as blockchain cards, collectibles, digital artwork, virtual...
World’s Largest Pension Fund Lost the Equivalent of Bitcoin’s Entire Market Cap in Just Three Months
6.7.2020
The world’s largest pension fund posted a first-quarter loss of $165 billion, which is equivalent to the Bitcoin’s entire market capitalization
700,000 Expedia Hotels Can Now Be Paid With Cryptocurrencies via Travala
6.7.2020
More than 700,000 Expedia Group hotels and accommodations are now available via crypto-friendly travel booking platform Travala. Bookings can be paid with more than 30 cryptocurrencies, including bitcoin. Despite covid-19, Travala saw a 170% increase in booking revenue from its 2 million properties...
What Is Yield Farming? The Rocket Fuel of DeFi, Explained
6.7.2020
If all these terms ("DeFi," "liquidity mining," "yield farming") are so much Greek to you, fear not. We're here to catch you up
Bitcoin News Roundup for July 6, 2020
6.7.2020
With bitcoin volatility sinking, lightning payments to your bank account and real world accountability on the blockchain, CoinDesk's Markets Daily is back for your BTC news roundup!
Crypto Market Sentiment Unchanged; Cardano Joins Bitcoin in Positive Zone
6.7.2020
For the second week in a row, crypto market sentiment score (sentscore) barely moved over the course of the past seven days. It moved even less than last week. Back then, we saw the combined moving 7-day average sentscore for the top 10 coins drop from 4.97 to 4.92, but this time it went up from...
Bitcoin Entrepreneur Brock Pierce Joins the 2020 US Presidential Election
6.7.2020
Blockchain entrepreneur and former Disney child actor, Brock Pierce, is running for President of the United States this election. Pierce announced he was running during America’s Independence Day celebration on July 4, the same day Kanye West revealed his candidacy. Pierce is an advocate...
App Connects Bitcoin and Lightning Payments Directly to Your Bank Account
6.7.2020
The Strike app hopes to encourage mass adoption of the Bitcoin and Lightning Network by connecting it directly to a bank account or debit card
Bitcoin Miners Hodl More As BTC Trades Sideways Ahead of Difficulty Increase
6.7.2020
Bitcoin (BTC) miners have been hodling more for several weeks now, as the price holds above the USD 9,000 mark. Meanwhile, BTC mining might become more difficult in a week.
It seems that at the time when more Bitcoin miners have been turning their machines on, increasing hashrate, or...
A New Price Valuation Model Says $10,670 Fair Value For Bitcoin
6.7.2020
Seba, a Switzerland based bank, is proposing a Bitcoin valuation model that places its fair value at $10,670. At this price, the model suggests Bitcoin is trading at a significant discount, at just above $9,100. In a blog posting this past Thursday, Seba says the model’s estimate relies...
Bitcoin Rises in Line With Stocks After Dip Below $9K
6.7.2020
Bitcoin’s positive correlation with stocks continues Monday, with the cryptocurrency drawing bids alongside gains in global equities
Bitcoin Realized Volatility Last Did This Right Before 2018 Sell-Off
6.7.2020
10-day realized volatility hits its lowest since just before Bitcoin price fell to $3,100 in late 2018, sparking fresh bearish fears
Expert: China's Digital Yuan Will Target the Dollar, Not Bitcoin
6.7.2020
With its forthcoming digital yuan, China will aim to rival the U.S. dollar, not Bitcoin, say experts
US Presidential Campaign Has Now Stronger Flavor of Crypto
6.7.2020
Brock Pierce. Source: Twitter, @brockpierce
After outspoken crypto advocate John McAfee ended his presidential campaign earlier this year, another crypto personality said he's entering this game.
This time, it's Brock Pierce, the Chairman of the Bitcoin Foundation, a non-profit organization,...
Bitcoin Holds Steady Above USD 9,000, Altcoins Starts Fresh Increase
6.7.2020
In the past few days, bitcoin bears made more than two attempts to clear the USD 9,000 support. BTC spiked below USD 9,000, but it recovered quickly. The price is currently (08:30 UTC) up over 2% and it is approaching the USD 9,240 and USD 9,300 resistance levels.
Similarly, most major altcoins...
China Stocks Boom Bullish for Bitcoin? 5 Things to Watch This Week
6.7.2020
A turbulent mixture of macro, coupled with expectations of a big move in Bitcoin, could spell an interesting week for traders and holders alike
Bitcoin Lacks Traction Yet Powers “Financial Freedom”
6.7.2020
Bitcoin has always been renowned as “freedom,” when it comes to deriving a one-word reply to the question— “What is Bitcoin?” Bitcoin gives freedom from the financial vows of which otherwise is bound with the rules and limitations of currency or Fiat, overall. #Bitcoin is the ark that will save...
New Partnership Lets Travelers Book Expedia Hotels with Bitcoin
6.7.2020
Crypto payments for travel bookings just got another option as the crypto-friendly travel booking service Travala.com integrated hotels offered by booking giant Expedia on its site.
The site’s users will be able to book hotels and accommodations from Expedia through Travala.com’s platform, using...