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Bitcoin News Roundup for June 12, 2020
12.6.2020
With the price of BTC dropping more than 6% overnight, CoinDesk's Markets Daily is back with your bitcoin news roundup
Bitcoin Mining Difficulty Set for Highest Jump in Nine Months
12.6.2020
If everything goes as estimated, miners are about to experience the rise in Bitcoin (BTC) mining difficulty not seen since September last year, as more mining machines are back to work, increasing security of the network.
The next Bitcoin mining difficulty adjustment is expected to happen...
Number of Active Bitcoin Addresses Could Indicate $14.7K Price Rise
12.6.2020
A key on-chain metric that Bloomberg bets on, points to a Bitcoin bull run with possible 50% price appreciation
Watch Q3 and Millennials Before Next Major Bitcoin Move – BitMEX CEO
12.6.2020
As bitcoin (BTC) is continuing to struggle with breaking through the USD 10,000 level, a large move “in either direction” is more likely in the second half of the year, according to Arthur Hayes, CEO of crypto derivatives exchange BitMEX. Which way it'll go depends also on millennials' decision...
Singapore’s Three Arrows Capital Buys 6% of Grayscale’s $3.5 Billion Bitcoin Fund
12.6.2020
Three Arrows Capital Ltd has bought a 6.26% stake of the $3.5 billion Grayscale Investment’s Bitcoin Trust. According to a filing with the U.S. Securities and Exchange Commission (SEC), the Singapore-based crypto hedge fund snapped up the equivalent of 21 million shares of the Trust’s...
Crypto Analyst Claims Bitcoin's $20K All Time High Was Fake
12.6.2020
A cryptocurrency analyst has suggested that price manipulation was behind Bitcoin’s current (and previous) all-time highs, and that the $20,000 December 2017 price was “fake.”
First Mover: Bitcoin Recouples With Wall Street as Stocks Tumble, Fear Trade Returns
12.6.2020
Fear has crept back into cryptocurrency and traditional financial markets, with bitcoin falling alongside U.S. stocks on Thursday
Examining the Status of Stablecoin Minting and Burning Activities
12.6.2020
We selectively analyzed six stablecoins — USDT, GUSD, HUSD, PAX, TUSD and USDC — to uncover their minting and burning activities so far in 2020
Indian Crypto Ban Allegedly Moves Forward, Industry Called to Action
12.6.2020
As previously warned by experts, India's fight for crypto wasn't over with the Supreme Court's overruling of the 2018 banking ban. The process of the possible crypto ban is allegedly still ongoing and industry players are being now called to "engage constructively."
India’s Ministry...
Why Bitcoin Suddenly Dropped 6% on Thursday
12.6.2020
The week-long calm in the bitcoin market ended with a sudden $800 price drop on Thursday. Here's three likely reasons why
Indian Government Reconsiders Banning Cryptocurrency: Report
12.6.2020
The Indian government is reportedly reconsidering a plan to ban cryptocurrency and the finance ministry has initiated related inter-ministerial consultations. The move is supposedly spurred by the supreme court quashing the banking ban imposed by the central bank, the Reserve Bank of India (RBI)....
Crypto Hedge Fund Managers: Ether More Like ‘Digital Tungsten’
12.6.2020
According to Exponential Investments crypto fund managers, Ether is digital tungsten to Bitcoin's gold
Xapo Suspends Credit Card Crypto Purchases, Shifts Operations to Gibraltar
12.6.2020
Xapo is making changes as it transforms into a digital bank launching later this year
Liquidations May Loom as Altcoin Bulls Hold Despite Shorts Spiking
12.6.2020
Many altcoin bulls are holding longs in spite of yesterday’s sudden down-turn in the Bitcoin markets. However, altcoin shorts are quickly rising too
Bitcoin and Altcoins Turn Red, Upsides Likely To Remain Capped
12.6.2020
After multiple failures to clear the USD 9,850 and USD 10,000 resistance levels, bitcoin price reacted to the downside. BTC broke many important supports near USD 9,550 and declined close to 7%. It tested the USD 9,050 support zone and currently (9:20 UTC) correcting higher.
Similarly, most major...
Bitcoin Realized Cap Hits $106B Record as ‘Fear’ Returns to BTC Index
12.6.2020
Coin Metrics’ popular indicator continues its relentless uptrend despite bearish sentiment creeping into Bitcoin markets
Stock Sell-Off Eases While Bitcoin Follows Stocks Again
12.6.2020
After a day of heavy selling in both stocks and the crypto market yesterday, yet another rise in correlations between the stock market and bitcoin (BTC) has caught traders’ attention.
As of press time on Friday morning (08:33 UTC), bitcoin was down by 3% over the past 24 hours to trade at a price...
Karpeles Says Mt Gox Verdict May Set ‘Dangerous’ Precedent
12.6.2020
A day after a Tokyo court upheld charges against him, Mark Karpeles, the former owner and CEO of Mt. Gox, spoke to Cointelegraph
Why This Dev Built a ‘Centralized Ethereum’ on Top of Bitcoin’s Lightning Network
12.6.2020
Ethereum showed the limits of decentralization, says the creator of an explicitly centralized version that pays contracts via Bitcoin’s Lightning Network
Bitfinex Hackers Move Another $4.1 Million Bitcoin in Their Biggest Pay Day Yet
12.6.2020
Cyber-thieves from the Bitfinex hack of four years ago continue to cash out, this time transferring the equivalent of $4.1 million in bitcoin to an unknown wallet address. Crypto tracking tool Whale Alert reports that hackers moved 416 bitcoin (BTC) on June 11. The funds, valued at $4.1 million...