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Trouble in Defi Paradise: Compound-Issued DAI Surpasses DAI in Circulation
3.7.2020
A number of cryptocurrency proponents have been discussing the stablecoin DAI this week, as the DAI allegedly held on the Compound platform is much larger than what is recorded in circulation. At press time, Compound statistics show there’s $523 million worth of DAI held in reserves, while...
Money Reimagined: Bitcoin and Ethereum Are a DeFi Double Act
3.7.2020
With bitcoin increasingly riding on Ethereum's rails, we're about to see greater complementarity between the top two blockchains
UK Court Denies Maduro Access to $1 Billion of Venezuela’s Gold
3.7.2020
The UK is denying Nicolas Maduro access to Venezuela’s gold worth about $1 billion, stored at the Bank of England. The UK High Court has ruled that the country does not recognize Maduro as president of Venezuela, blocking him from accessing the much-needed gold. England Denies Maduro Access...
Ripple Likely Sold XRP in an Unregistered Securities Offering
3.7.2020
The former CFTC chair’s analysis stating that Ripple’s XRP is not a security might be wrong
Bitcoin’s Price Correlation With S&P 500 Hits Record Highs
3.7.2020
Bitcoin's correlation with the S&P 500 is somewhat erratic, but the relationship has just got stronger. That may not be bad news
Surging ‘Bitcoin Active Supply’ May Point to Coming Rally – Report
3.7.2020
Bitcoin (BTC) may be due for yet another price rally fuelled by a recent increase in on-chain activity on the network, according to a new report from Singapore-based cryptoasset management firm Stack Funds.
The firm explained that it is a strong rise seen in the 90-day “percentage of Bitcoin active...
Crypto Use-Cases in Africa on the Rise, According to Luno
3.7.2020
Twitter and Square CEO, Jack Dorsey recently said “Africa will define the future (especially the Bitcoin one!)” But was he right? Crypto in Africa on the Rise Sad to be leaving the continent…for now. Africa will define the future (especially the bitcoin one!). Not sure where...
Russian Court: Bitcoin Theft Not a Crime
3.7.2020
A Russian district court has dismissed bitcoin theft as a crime since cryptocurrency is not regulated in Russia and there is no legal status for bitcoin. The accused were found guilty, sentenced to prison, and ordered to return only the fiat money stolen — not cryptocurrencies....
Set Your Alarms: Most Bitcoin Is Now Traded During These Hours
3.7.2020
The start of trading in New York appears to impact Bitcoin volatility much more than other stock markets
Multibillion Investor Doubles Down on Bitcoin Mining
3.7.2020
US-based multibillion investment manager Horizon Kinetics (HK) just doubled down on its Bitcoin (BTC) mining strategy.
After tripling the number of miners it hosts with Core Scientific (CS), a US-based blockchain hosting provider, HK has now agreed to upgrade the miners to the Antminer S19 and...
Bitcoin 90-Day Active Supply Soars to Pre-2017 Bull Run Level: Report
3.7.2020
An on-chain metric which has been declining since 2017 is now signaling a bullish trend, analysts from Stack Funds say
Bitcoin and Altcoins Retreat From Important Juncture
3.7.2020
Yesterday, bitcoin price traded with a positive bias and was positioned for an upside break towards the USD 9,550 resistance. However, BTC failed to gain bullish momentum above the USD 9,300 resistance, and it declined below USD 9,200 and USD 9,000 before correcting higher.
Similarly, there was...
Stock in Crypto Mining Firms Riot and Hive Massively Outperforms Bitcoin
3.7.2020
While shares in Riot Blockchain and Hive Blockchain eclipse Bitcoin’s YTD gains, other mining firms have not fared so well — with Canaan crashing nearly 70%
Bank of Japan Will Begin Experimenting With a Digital Yen
3.7.2020
The Bank of Japan announced on Thursday that it would experiment with a CBDC to check its feasibility from a technical perspective
Tech Entrepreneur Offers Bitcoin Bounty in Campaign Against Vox
3.7.2020
Balaji Srinivasan has promised a $1000 BTC bounty to anyone who can get Recode’s Kara Swisher to retract a story on COVID-19
BCH Backer Claims Bitcoin Wallet Double-Spend Issue Hasn’t Been Fixed
3.7.2020
BRD, Ledger Live, and Edge are among the wallets vulnerable to a new double-spend exploit, but some believe the vulnerability is inherent to Bitcoin itself
Mining Company Ebang’s Stock Listed on Nasdaq Down 11%, Firm Plans to Launch Offshore Exchange
3.7.2020
The bitcoin ASIC mining rig manufacturer, Ebang International Holdings, was recently listed on Nasdaq last Friday on June 26. Ebang is now the second mining rig manufacturer to have a U.S. initial public offering (IPO) by selling company shares. Since the initial sale on opening day, Ebang’s...
Bitcoin's Current Price Impacted By Miners? It's Possible, Analytics Company Says
2.7.2020
Bitcoin’s recent price action could relate to miner selling
Demand for Bitcoin Will See a Dramatic Shift in 8 Years – Retail Addresses to Eat up Entire New Supply
2.7.2020
A recent report from ZUBR Research explains that by 2028, retail demand for bitcoin will exceed the supply. The report highlights that in eight years as Bitcoin’s supply rate decreases “retail size addresses [will] begin to eat up all the new supply alone.” Even the next halving...
Traders Brace for Big Drop as Bitcoin Dips Below $9K for Seventh Time
2.7.2020
The price of Bitcoin briefly dropped below $9,000. The weakening of a key support level may lead to a bigger drop