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Market Wrap: With Low Volatility, Traders Seem to Like $9,000 Bitcoin
7.7.2020
Bitcoin traders love hitting buy on their terminals when the price is around $9,000
The Popular Stablecoin Tether Is Now Circulating on the Bitcoin Cash Network
7.7.2020
The most popular stablecoin tether (USDT) has officially been minted on the Bitcoin Cash blockchain via the Simple Ledger Protocol (SLP). At press time there’s only 1,010 SLP-based USDT in circulation, as the firm Tether Limited seems to be issuing small amounts and testing the SLP framework....
Bitcoin Options Data Shows Investors Betting on $50K BTC Price in 2021
7.7.2020
Traders are placing large bets on $50,000 Bitcoin options for June and December 2021, but what are the chances of BTC price reaching this level by then?
Nearly $60M in Bitcoin Moved to Ethereum in June
7.7.2020
Nearly $60 million worth of bitcoins moved to Ethereum during June, 75% of which came through Wrapped Bitcoin
Escalating Bank Runs Spur Chinese Government to Require Approval for Large Cash Transactions
7.7.2020
A series of bank runs has prompted the Chinese government to begin requiring approval for large cash deposits and withdrawals at commercial banks, starting with banks in a northern province. Recently, two bank runs happened within a week as people lost faith in financial institutions amid...
Stocks Are Soaring, Time to Short Bitcoin?
7.7.2020
Jay Hao. Jay Hao is the CEO of crypto exchange OKEx.
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When I woke up this morning, I received many messages from my friends, who told me, "Stocks have skyrocketed. Can we short bitcoin (BTC)?" Then I opened my Bloomberg and saw the following chart. The Shanghai Shenzhen CSI...
Crypto ‘OG’ Thinks Altcoins Will Outperform BTC in the Near Future
7.7.2020
The founder of the first crypto venture capital firm believes that altcoins will eventually provide better returns than Bitcoin
Legal Implications of Secondary SAFT Sales, Part 1
7.7.2020
Part 1 of this series covers the legal implications associated with the sale of SAFTs and different approaches to legal interpretations of tokens
Bitcoin Double-Spends an Inevitable Network Feature, Legitimate or Not
7.7.2020
Reports of double-spending keep plaguing crypto firms and investors alike. Will this issue ever be resolved, or is it here to stay?
Tiktok Ban: US May Join India in Banning Chinese Social Media Apps
7.7.2020
The Trump administration is looking at banning Tiktok and other Chinese social media apps, according to Secretary of State Mike Pompeo. The US has been concerned about Tiktok being used by the Chinese government to mine American users’ data. India has already banned Tiktok in its country...
Bitcoin News Roundup for July 7, 2020
7.7.2020
With BTC beating precious metals, Ethereum rising and a new report out on a lightning network vulnerability, CoinDesk's Markets Daily is back for your Bitcoin news roundup!
Bitcoin.com Wallet Launches New Portfolio Breakdown and Stablecoin Swap Features
7.7.2020
With over 11 Million Bitcoin.com Wallets created, we’re building new features our users need most in order to enjoy the best possible cryptocurrency experience. Our wallet’s latest features now provide seamless swaps between bitcoin (BTC), bitcoin cash (BCH), and the stablecoin...
Trump’s Former Sanctions Chief Joins Major Crypto Firm Chainalysis
7.7.2020
U.S. Treasury’s former key undersecretary, Sigal Mandelker, has joined the board of advisors of major crypto analytics firm, Chainalysis
The Three Most Controversial Bitcoin Price Models and What They Predict
7.7.2020
Many are highly critical of the three highly popular models used widely by Bitcoin analysts — stock-to-flow, Hyperwaves, and Elliott Waves
Web 3.0 Will Drive Decentralized Business Models, Says Blockchain Exec
7.7.2020
Kevin Chou discussed how content creators could build their own virtual economies with blockchain technology
Watch Fiat Currencies If You Want To Guess Bitcoin's Next Move
7.7.2020
As major fiat currencies face potential devaluations in the wake of the COVID-19 crisis over the coming months and years, an alternative currency like bitcoin (BTC) has never been so needed, according to Max Bronstein, a member of the Institutional Coverage team at Coinbase.
Sharing his thoughts...
Crypto Exchanges See Big Drop in Volumes as Bitcoin Volatility Approaches 2020 Low
7.7.2020
Crypto exchange volumes could continue falling should volatility remain at these low levels, said CryptoCompare CEO Charles Hayter
Bitcoin Hash Rate Hits Record Average High Defying BTC Price Bears
7.7.2020
Seven-day average hash rate passes 123.4 EH/s for the first time as network fundamentals defy bearish price action
Bitcoin and Altcoins Gain Bullish Momentum
7.7.2020
Bitcoin price started a fresh increase above the USD 9,200 resistance level. BTC even broke the USD 9,300 resistance and tested the USD 9,350 region. It is currently (08:30 UTC) correcting lower, but dips are likely to remain supported and the price could resume its upward move.
Also, there was...
South African Investors to Lose $13 Million as Bitcoin Scammer Declared Bankrupt
7.7.2020
A South African high court has declared an alleged bitcoin scam mastermind, Willie Breedt, bankrupt. The court decision follows an application by one disgruntled investor, Simon Dix, a News24 report states. Willie Breedt is the CEO of the defunct Vaultage Solutions (VS), the company at the center...