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Fiat Crash Not a Prerequisite for Bitcoin Takeoff, Says Saifedean Ammous
19.6.2020
Source: Fundación Rafael del Pino video screenshot.
Do fiat currencies need to fail for crypto to truly take off? For many crypto experts hoping for monetary collapse and a digital coin-powered revolution, bitcoin (BTC) dominance seems impossible without a massive public loss of faith...
Bitcoin News Roundup for June 19, 2020
19.6.2020
With BTC miners HODLing, Reddit dreaming big and a crypto card issuer missing billions of dollars and drawing comparisons to Enron, CoinDesk's Markets Daily is back with another Bitcoin news roundup
Bitcoin Whale Transfers $2.2 Billion Worth of BTC for Just $7
19.6.2020
Whale alert reports that a so-called whale has transferred the equivalent of $2.24 billion in bitcoin for less than $7. In a series of tweets on Friday, the crypto tracking tool said the bitcoin (BTC) whale sent a total of 241,500 BTC in seven successive transactions within one hour. Each...
How Bitcoin of America’s Robust Compliance Program Made Possible the Restitution of Half a Million Dollars to Fraud Victims
19.6.2020
Robust and effective compliance programs for virtual asset exchanges such as Bitcoin of America, which owns and operates a crypto exchange platform as well as a nationwide network of bitcoin ATM locations, isn’t simply a matter of operating a system for CIP, KYC, and AML procedures....
Outflow of Bitcoin From Miners at Lows Not Seen Since 2010
19.6.2020
Miner outflows of bitcoin have dropped to decade lows, with analysts saying a hoarding mentality and a drop in issuance after the halving are responsible
Paxos ‘Flippens’ LocalBitcoins As The Largest P2P Bitcoin Marketplace
19.6.2020
Bitcoin (BTC) peer-to-peer (P2P) trading market went through a historical week, as Paxful has surpassed LocalBitcoins in weekly trading volume for the first time in P2P trading history.
According to data provided by Coin.dance, Paxful is now the leading Bitcoin P2P marketplace in terms of global...
Paxful ‘Flippens’ LocalBitcoins As The Largest P2P Bitcoin Marketplace
19.6.2020
Bitcoin (BTC) peer-to-peer (P2P) trading market went through a historical week, as Paxful has surpassed LocalBitcoins in weekly trading volume for the first time in P2P trading history.
According to data provided by Coin.dance, Paxful is now the leading Bitcoin P2P marketplace in terms of global...
Bitcoin Hodlers Bought BTC 90% of 2020 as Halving Spawns New Whales
19.6.2020
Whale numbers have gone up 2% since the halving, while hodlers have added 233,000 BTC to their positions since the year began
Binance China’s Presence ‘Grows’ as Unit Joins UN Sustainability Drive
19.6.2020
Multiple Chinese media outlets are reporting that Binance China’s influence is “growing” in the Middle Kingdom after the exchange’s domestic arm joined the United Nations Global Compact sustainability drive.
The UN drive describes itself as a “non-binding pact to encourage businesses worldwide...
Bitcoin SV President Hits Out at Binance as Former Critic Becomes Top Miner
19.6.2020
An industry spat has kicked off after Binance's new pool became the biggest miner for BSV, despite the exchange delisting the token a year ago
Most Bitcoin Traders are Retail, But Pros Dominate the Market - Report
19.6.2020
Although the bitcoin (BTC) market has grown to include a huge number of smaller retail traders, the markets where bitcoin prices are actually determined are still dominated by a small number of “professional traders,” a new report from crypto analysis firm Chainalysis said. These professionals...
Bitcoin And Altcoins Start Fresh Decrease After Crucial Rejection
19.6.2020
Yesterday, bitcoin started a fresh decrease after it failed to climb above USD 9,500. BTC gained bearish momentum today and broke the USD 9,300 support level. It seems like the price is likely to continue lower towards the USD 9,050 and USD 9,000 support levels.
Similarly, most major altcoins...
2 Classic Bitcoin Metrics Flash Bullish Despite $9K BTC Price at Risk
19.6.2020
The Puell Multiple and Mayer Multiple have reached the ideal zones for long-term investment gains from Bitcoin
HaruBank Collaborates with BitGo to Ensure Security of Its Clients’ Crypto Asset
19.6.2020
BitGo, a market leader and a multi-sig technology pioneer, will now offer its business hot wallet services to HaruBank. Users of HaruBank will have their assets secured by BitGo, ensuring peace of mind. HaruBank was established in 2019. It operates a crypto depository service, which experienced...
Bitcoin Games Launches Midsummer Promotion as Sweden Looks Toward Launching its Own Digital Currency
19.6.2020
The premier cryptocurrency gaming portal, Bitcoin Games has announced the launch of a Midsummer promotion that promises Free Spins and loads of entertainment. For well over, five years now Bitcoin Games has been the go-to destination for all your gaming needs and our brand new promotion –...
Crypto Card Issuer Wirecard Missing $2.1 Billion Cash, Company Shares Plunge 62%
19.6.2020
About 1.9 billion euros ($2.13 billion) worth of cash is missing from one of Wirecard’s trust accounts and the crypto debit card provider cannot as yet account for the money, the company reported on Thursday. In a statement, the major German payment processor blamed “spurious”...
Hedge Funds, Retail Investors Bought the Dip — Kraken CEO Jesse Powell
19.6.2020
Kraken CEO Jesse Powell says the exchange saw a “massive influx” of hedge fund and retail investors as Bitcoin price dropped below $4,000 on March 12
Analysts Say Bitcoin Breakout Imminent: Silver-like Suppression, $5 Trillion in Cash Could Flow Into BTC
18.6.2020
A number of venture capitalists and macro investors believe bitcoin’s price will break out soon following suit with gold’s recent climactic rise. Dan Tapeiro, cofounder of Gold Bullion International, thinks that $4.6 trillion in cash sitting on the sidelines right now, could very well...
Bitcoin Scam Artists Under Investigation for Impersonating Police
18.6.2020
Canadian police warned about a Bitcoin scam scheme alleged to have stolen over $15,400 from two Strathcona County residents
Market Wrap: Bitcoin Quiet at $9.3K While DeFi Gets Loud
18.6.2020
Most markets are quiet while activity seems to be increasing on Ethereum’s DeFi network - which could help explain ether’s outperformance of bitcoin in 2020