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'Bitcoin on Track for USD 100,000 in 2025' - Bloomberg Intelligence
16.10.2020
By 2025, bitcoin (BTC) still could add another zero to its price, according to Bloomberg Intelligence, while they also claim that it's possible for the price to get closer USD 14,000 again already this year.
In their latest Crypto Outlook, Bloomberg Intelligence's senior commodity strategist, Mike...
Shariah Compliance Expert Says Cryptocurrencies Are Legit Commodities
16.10.2020
A shariah compliance expert, the current chairman of the Shariah Advisory Council at Malaysia’s central bank and a shariah board member at many financial companies, says that cryptocurrency is a legit commodity that can be exchanged. Cryptocurrency and Shariah Compliance Cryptocurrency...
OKEx Suspends Withdrawals As Private Key Holder Unavailable
16.10.2020
Major crypto exchange OKEx said it had to suspend cryptoasset withdrawals as one of their private key holders "is currently cooperating with a public security bureau in investigations" and the company is "out of touch" with the holder.
"We will resume digital...
Bitcoin.com Exchange Announces Public Sale of the Atari Token on October 29, 2020
16.10.2020
Price per Atari Token: $0.25 IEO platform has been enabled for prospective purchasers to pass KYC before public sale NEW YORK/ PARIS – October 16, 2020 – Bitcoin.com Exchange, one of the leading authorities in cryptocurrency exchanges announces the details of the upcoming public sale...
Bitcoin and Altcoins Face Rejection Near Important Hurdles
16.10.2020
In the early Asian session, bitcoin price declined below the USD 11,400 level, but it found support near the USD 11,250 level. BTC started a fresh upward move and it broke the USD 11,500 resistance. However, on Friday morning (UTC time), the price faced a strong rejection near USD 11,550, resulting...
Bitcoin’s Intrinsic Value: Crypto Community Responds to Bank of England Governor
16.10.2020
Bitcoin’s intrinsic value has been heavily discussed in the crypto community this week following a remark by the governor of the Bank of England suggesting that the cryptocurrency may have no intrinsic value. Does Bitcoin Have Intrinsic Value? Bank of England Governor Andrew Bailey talked...
Bitcoin Mining Rigs Struggle for Profits, Despite BTC’s Hashrate Reaching an All-Time High
16.10.2020
Bitcoin’s hashrate climbed to an all-time high (ATH) this week touching 166 exahash per second (EH/s) on October 14. Meanwhile, despite the recent price rise and hashrate ATH on Wednesday, only a small group of next-generation mining rigs are profiting at current bitcoin exchange rates....
Philippines Regulator Warns Investors to Steer Clear of Mining City’s Bitcoin Vault Ponzi
15.10.2020
There’s a mining contract scheme people are discussing and making the rounds on the web called “Mining City” or “Bitcoin Vault.” The Philippines SEC recently put out a warning against the operation and the alleged masterminds behind the project. One thing is for sure...
Regulatory Crypto Sprint, Extended Mt. Gox, Crypto.com's 5m Users + More News
15.10.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
The New York Department of Financial Services announced its first-ever techsprint, an initiative to convene regulators and industry...
Bitcoin News Roundup for Oct. 15, 2020
15.10.2020
With bitcoin falling back towards $11K and news out of the Invest: Ethereum Economy conference, CoinDesk’s Markets Daily is back for your latest crypto news roundup!
Mt Gox Rehabilitation Plan Delayed Again to December 15
15.10.2020
The submission deadline for the Mt Gox civil rehabilitation plan has been extended once again, this time to December 15. The deadline has been pushed back at least three times before, including in the latest case, where submission was scheduled for October 15. Mt Gox’s rehabilitation trustee...
Your Bitcoin Brainwallet Can Be Swept Even Without Reading Your Mind
15.10.2020
If you're considering setting up a "brainwallet" to secure your bitcoin (BTC), you might want to think twice and learn from a recent experiment. It showed that BTC might be stolen in less than a second.
Contrary to a paper wallet, where a BTC owner has their seed phrase written...
Grayscale Adds $1 Billion to Crypto Products in Q3, Sees ‘Unprecedented Demand’ for Bitcoin Cash
15.10.2020
Grayscale Investments has announced a record quarterly performance, raking in $1.05 billion in investments, mostly from institutional investors. The company also sees “unprecedented demand” for bitcoin cash. Record Quarter, Over $1 Billion Added Grayscale Investments released...
Former Gulag in Russian Arctic Bids to Become Bitcoin Mining Hotspot
15.10.2020
Norilsk.
A Russian firm is set to open a hotel with a difference in the Arctic Circle – although it isn’t the kind most folks would ever dream of visiting. Instead it’s a crypto mining “hotel” fitted with ASIC bitcoin (BTC) mining rigs and powered with 11.2 MW of electrical energy.
In a uniquely...
Nigeria Protest Group Asks for Bitcoin Donations After Regulators Blocks Bank Account
15.10.2020
A Nigerian protest group called Feminist Coalition is asking well-wishers to make donations via bitcoin after authorities reportedly blocked the organization’s bank account. Feminist Coalition is one of the many groups spearheading protests against alleged police brutality by a Nigerian...
Bitcoin, Ethereum, And Major Altcoins Struggle To Get Traction
15.10.2020
Bitcoin price made a few attempts to gain pace above the USD 11,500 and USD 11,550 resistance levels. However, BTC struggled to stay above USD 11,500 and stuck in a range. The price is currently (05:00 UTC) trading well below USD 11,500, with a major support at USD 11,250.
On the other hand, there...
Fidelity Digital Assets Touts Bitcoin Credentials, As Publicly Traded Companies Now Hold Over 600,000 BTC
15.10.2020
Fidelity Digital Assets (FDA) says diversifying an investment portfolio with bitcoin is especially essential now when benchmark interest rates globally are near or below zero. The opportunity cost of not allocating to bitcoin is simply higher explains FDA in its latest bitcoin investment thesis....
S Korean Industry Group Asks Seoul to Suspend Crypto Taxes until 2023
15.10.2020
Source: Adobe/Андрей Яланский
The Korea Blockchain Association (KBA) has urged the South Korean government to postpone plans to start imposing tax on crypto trading profits from October 2021 – stating that it seems unlikely that the required infrastructure will be in place in time.
Per ZDNet Korea...
Bitcoin Miner Marathon Agrees to Deal That Cuts Electricity Costs by 38% With US Power Company
15.10.2020
Nasdaq-listed Marathon Patent Group has agreed to a joint venture deal with U.S. independent power producer Beowulf Energy to deliver cheap electricity for its bitcoin mining operations in the country’s north. In a statement on Tuesday, Marathon said that it will co-locate a bitcoin mining...
YearnSwap Is All Set to Introduce Its Decentralized Ecosystem
14.10.2020
LONDON, United Kingdom, — YearnSwap.org – Is all set to launch its Decentralized protocols (Lending, Yield Farming, Staking) for public access, YearnSwap aims to provide an Ecosystem with many prominent features available in the market today. With this launch YearnSwap has stepped...