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Grayscale: Central Bank Digital Currencies Will ‘Neither Replace nor Harm Scarce, Uncompromising Bitcoin’
28.5.2020
Central bank digital currencies (CBDCs) pose no threat to Bitcoin’s value proposition, instead, they will spur its growth toward mass adoption. In a new report, Grayscale Investments said CBDCs will never replace BTC because unlike the top cryptocurrency, they can be inflationary and are open...
Bitcoin News Roundup for May 28, 2020
28.5.2020
Goldman talks down cryptocurrencies while Minecraft boots up tokenized assets. It's another episode of Markets Daily from CoinDesk!
Brace for Bitcoin Volatility as Large Number of Futures & Options Expire
28.5.2020
Bitcoin (BTC) holders may be in for a wild ride in the next few days, as an unusually large number of bitcoin futures & options contracts are set to expire this Friday on the institutionally-focused major derivatives exchange CME.
According to data from Skew, a firm that analyzes the crypto...
Kraken Mulls Lightning, Telegram Chief Donates Bitcoin + More News
28.5.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchange news
US-based crypto exchange Kraken might launch support for the Bitcoin Lightning Network by the end of the year....
The Last Time This Happened, Bitcoin Surged From $3,150 to $14,000
28.5.2020
In 2019, the price of Bitcoin surged from $3,150 to $14,000 when the inflow of BTC into exchanges plunged, and it just happened again
Bitcoin Price Tests $9.4K as Demand for Put Options Drops
28.5.2020
Put options – a bet on bitcoin's price – are declining alongside a rise in the leading cryptocurrency by market cap's price
JPMorgan’s Quorum: A Cross-Sector Blockchain Solution for Privacy Needs
28.5.2020
JPMorgan’s Quorum provides the infrastructure for many new financial projects thanks to unique features and a partnership with Microsoft Azure
Cryptocurrencies Spread 4X Faster in Undeveloped Countries: Blockchain Analysis Report
28.5.2020
During the month of April, the blockchain project Onfo initiated an experiment to see how fast crypto assets can gain popularity in four different countries. The team’s findings discovered that cryptocurrencies spread four times faster in developing nations as opposed to developed countries....
Samsung Adds Bitcoin Focused Exchange Gemini To Its Flagships
28.5.2020
The world's largest smartphone maker, Samsung, has integrated the Gemini exchange into its Blockchain Wallet on Galaxy smartphones in the US and Canada.
By connecting their Samsung Blockchain Wallet to the Gemini mobile app, users can buy and sell crypto, view their Gemini account balances,...
Bitcoin Price Surges Past $9.4K as Week of Gains Targets Five Figures
28.5.2020
$10,000 is edging ever closer for Bitcoin, which has gained $800 in the past few days and taken little notice of resistance levels
OKCoin Grant Dishes $100K to Bitcoin Payment Processor
28.5.2020
OKCoin donated funding to a Bitcoin payment processor, tallying its second independent developer grant allocation
NYC Hacker Charged Over $94 Million Bitcoin-for-Cards Scheme
28.5.2020
Vitalii Antonenko is facing up to 20 years in jail for selling sensitive data after the prosecution traced his Bitcoin wallet
Why You Should and Shouldn't Care About Goldman Sachs' Report on Bitcoin
28.5.2020
Investment banking giant Goldman Sachs is being criticised for their division's poor research on Bitcoin (BTC). But it could be argued that the larger reason why the Cryptoverse should care about their latest presentation is that the bank is spreading misinformation to potential BTC investors...
Bitcoin and Altcoins Trading Near Make-or-Break Levels
28.5.2020
After a couple of failed attempts, bitcoin price was able to clear the USD 9,050 resistance level. BTC even recovered above the USD 9,200 resistance, but it struggled to continue higher. It is currently (08:30 UTC) correcting lower and it might find support near USD 9,050 or USD 9,000.
Similarly...
‘What Are You Smoking?’ Winklevoss Pans Goldman Sachs Bitcoin Bashing
28.5.2020
Tired claims that Bitcoin and cryptocurrencies are not an asset class say more about Goldman Sachs and the banking system itself, proponents argue
Grayscale is Now Buying 1.5 Times the Amount of Bitcoin Being Mined
28.5.2020
Independent researcher Kevin Rooke estimates that Grayscale has ramped up its Bitcoin accumulation to a rate equivalent to 150% of the new BTC created since the halving
Leading Australian Regulated Micro-Investing App Adds Bitcoin Option for Investors
28.5.2020
Popular demand for cryptocurrency has prompted Australia’s leading micro-investing platform Raiz (formerly Acorns) to add a bitcoin investment option. Individual investors can round up their spare change and regularly invest in a bitcoin investment portfolio. Leading Australian...
Falling Wedge Breakout Propels Bitcoin Price Above Key Resistance at $9.2K
28.5.2020
Bitcoin price closed the CME gap and made a decisive move above the $9K and $9.2K resistance as traders attempt to carve a new path to $10K
Business Heavyweight Rakuten Offers Bitcoin ‘Cashback’ on Pizza Delivery
28.5.2020
Bitcoin Pizza Day (May 22) may have come and gone in most parts of the world, but in crypto-mad Japan, the festivities are still ongoing – with one of the country’s newest exchanges running a month-long bitcoin (BTC) giveaway promotion.
Rakuten – an e-commerce business empire that also runs...
Bitcoin Suisse: Users Can Now Trade Gold Against Bitcoin and Ethereum
28.5.2020
Swiss crypto financial firm Bitcoin Suisse has added gold, silver, and platinum to its platform, allowing users to trade the precious metals against both bitcoin (BTC) and ether (ETH), as well as five other major fiat currencies. The precious metal trades are available for 24/7 trading with...