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Russia and China De-dollarization Approaching ‘Breakthrough Moment’
20.8.2020
China and Russia are collaborating to reduce their dependence on the U.S. dollar. Trade settlements in USD between the two countries have fallen below 50% for the first time. De-dollarization in Russia and China The dollar’s share of trade between Russia and China was only 46% of settlements...
12 Crypto Firms Authorized to Operate License-Free in Hawaii for Two Years
20.8.2020
The U.S. state of Hawaii has authorized 12 cryptocurrency companies to start operating in the state without needing a money transmission license. No action will be taken against them for conducting unlicensed money transmission activities for two years. Hawaii Green-Lights 12 Crypto Firms Several...
Bitcoin News Roundup for Aug. 20, 2020
20.8.2020
With bitcoin taking a back seat to the DeFi boom and data platforms aiming for the moon, CoinDesk's Markets Daily is back for your latest crypto news roundup!
Yearn Finance Token Jumps 270% in 5 Days – Defi Token YFI Worth More Than a Single Bitcoin
20.8.2020
Decentralized finance (defi) continues to make waves this week, as the Yearn Finance project token (YFI) jumped over 270% during the last five days. The digital token is worth more per coin than the price of bitcoin today, as the asset is currently trading for $15,934 per YFI. It’s very rare...
US Says North Korea Has 6,000 Hackers: Many in Belarus, China, India, Malaysia, Russia
20.8.2020
North Korea allegedly has about 6,000 hackers, many of whom operate abroad, according to a recent report published by the U.S. Army. The infamous Lazarus Group, thought to be linked to a number of cryptocurrency exchange hacks, is among them. North Korea’s Bureau 121 The U.S. Army recently...
Japanese Court Orders Seizure of Cryptocurrency Linked to Coincheck Hack of 2018
20.8.2020
A court in Tokyo, Japan has ordered the seizure of crypto assets that have been traced back to the Coincheck hack of January 2018, The Japan Times reported Wednesday. More than $530 million worth of the NEM (XEM) cryptocurrency was stolen from the exchange two years ago in what turned out to be...
Bitcoin and Altcoins Consolidate Losses Above Key Supports
20.8.2020
Bitcoin price started a corrective decrease below the USD 12,200 and USD 12,000 support levels. The price is currently (08:30 UTC) consolidating above the USD 11,550 support. To start a fresh increase, the price must surpass the USD 11,850 and USD 12,000 resistance levels.
Similarly, most major...
China’s Bitcoin Mining Industry Impacted the Most This Year, Says Report
20.8.2020
The researchers and analysts from Tokeninsight published it’s “2020 Q2 Cryptocurrency Mining Industry Report” which shows the industry has grown exponentially during the last six months. The findings indicate cryptocurrency mining has expanded a great deal but China’s...
Hash Watch: Bitcoin Cash Miners Begin Signaling Node Implementations
20.8.2020
There’s 88 days left until the Bitcoin Cash upgrade scheduled for November 15, 2020, and the community has been watching miners closely. On August 18, the Bitcoin ABC team published a blog post that revealed a “feature freeze is now in place,” as it contains a new coinbase rule....
Massive $2,000,000 Prize Pool in the Biggest Ever Promotion Launched on Bitcoin Games
20.8.2020
One lucky spin can propel your bet into a 5,000X multiplier, churning out huge amounts of money. Read on to find out how. Win Every Day Bitcoin Games, our very own cryptocurrency gaming portal, has teamed up with the popular games provider Pragmatic Play to bring a $2 Million tournament promotion...
NSA Whistleblower Edward Snowden Was Paid $35k to Discuss Bitcoin
19.8.2020
The notorious NSA whistleblower, Edward Snowden, was paid to discuss bitcoin and other digital assets at virtual conferences, according to a new court filing called “Edward Snowden Speaking Engagements 2015-2020.” Snowden has always been a supporter of digital currencies and during...
South African Regulator Pressures Bitcoin Investment Company, Urges Clients to Request Refunds
19.8.2020
An embattled bitcoin investment company, Mirror Trading International (MTI)’s troubles took another twist August 18 after the South African regulator, Financial Sector Conduct Authority (FSCA) said that it is investigating the investment company. MTI’s latest conflict with the regulator...
Bitcoin News Roundup for Aug. 19, 2020
19.8.2020
With bitcoin pulling back from its bull run and the emergence of YAM-inspired “Spaghetti Money,” CoinDesk's Markets Daily is back for your latest crypto news roundup!
Analyst: Chainlink Is Another Altcoin Bubble as Price Crashes 20% in 48 Hours
19.8.2020
Chainlink is a bubble that is waiting to burst, and the token will eventually lose 99% of its value, according to crypto investor and analyst ‘Cryptowhale’. The warning comes as the price of Link tumbled 23% to $15.41 in 48 hours. Cryptowhale this week told his 28,000 Twitter followers...
South African Bitcoin-Based Trading Firm Investigated for Fraud
19.8.2020
After promising on its website to “take the hassle out of forex trading by doing it all for you,” a South Africa-based company is now under investigation by the country’s financial regulator, saying that the return figures which the company flashes seem “far-fetched and unrealistic.”
Per a press...
PlanB, Glassnode Bullish on Bitcoin as Price Enters ‘Belief’ Zone
19.8.2020
While the pseudonymous analyst behind the bitcoin (BTC) stock-to-flow (S2F) model and an on-chain analysis firm are both expressing their bullishness on bitcoin, market sentiment is steadily improving for the number one cryptocurrency.
PlanB, the analyst behind the popular and sometimes...
Bitmain Retains Only a ‘Minuscule Lead’ Over Competitor Microbt Amid Ongoing Power Tussle, Says Report
19.8.2020
Bitcoin mining hardware maker Bitmain still has a “minuscule lead” over competitor Microbt despite the former’s ongoing power struggle and supply chain issues, according to Bitmex. Researchers at the derivatives exchange tested flagship products from the two companies...
Big Brother Nigeria Housemates Participate in Bitcoin Quiz, Get $500 BTC as Reward
19.8.2020
Eighteen housemates of Nigeria’s version of Big Brother took part in a bitcoin quiz with each participant getting $500 worth of BTC as prize money. Big Brother Naija (BBN) reportedly agreed to this unusual step as part of moves to offer more than just entertainment to its audience. As part...
Report: Bitcoin Untied from the Economic Cycle, ‘Largely Uncorrelated to Other Asset Classes’
19.8.2020
On Tuesday, Coinshares Investment strategist James Butterfill published a report which shows that bitcoin is a unique asset, but is “largely uncorrelated to other asset classes” like commodities and traditional stocks. Coinshares Investment strategist James Butterfill published a...
Warren Buffett Changes Mind on Gold: He Will Panic-Buy Bitcoin at $50K, Says Max Keiser
18.8.2020
Warren Buffett has changed his mind about gold as an investment, prompting some people to think that he might do the same with bitcoin. Max Keiser has predicted that the Berkshire Hathaway CEO will panic-buy bitcoin at $50,000. Buffett Changes His Mind About Gold, Bitcoin Could Follow Billionaire...