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USD 1m Rich Bitcoin Addresses Up 38%, KR1 Made USD 2.6m + More News
31.7.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Crypto adoption news
After a recent bitcoin (BTC) rally, the number of BTC addresses holding at least USD 1m has surged by 38% to around 18,000...
Chinese Police Take Down $6 Billion Plustoken Ponzi, Arrest 109 People
31.7.2020
Chinese authorities have reportedly arrested 109 people in connection with the Plustoken Ponzi scheme. Twenty-seven of them are allegedly the scheme’s masterminds and 82 are key members. The Plustoken scammers have swindled funds worth about $5.7 billion from more than 2 million investors....
pTokens project launches pNetwork DAO with staking rewards of 42% APR interest
31.7.2020
London, Friday 31st July 2020 – The pTokens project has today launched the pNetwork DAO, giving holders of the governance token $PNT the opportunity to help govern and influence the future of the DeFi cross-chain solution. pTokens make every cryptocurrency compatible with every blockchain...
Indian Government Confirms Crypto Bill Is ‘Awaiting Approval’
31.7.2020
The Indian government has confirmed in a Right to Information (RTI) reply that the inter-ministerial committee’s cryptocurrency bill is “awaiting approval of the government.” The bill is currently being examined by various ministries. Indian Government’s Confirmation...
Bitcoin Trading Is Booming in Uncertain Russia, With 350% Spike in New Users on Paxful
31.7.2020
Bitcoin trading is growing in Russia. That’s despite attempts by the government to make it difficult for investors to do so. For years, Russian lawmakers have blown hot and cold over cryptocurrency regulation, creating an atmosphere that has often left the entire digital asset industry in...
Chinese Arbitration Body Says Crypto Crackdown ‘Isn’t a Bitcoin Ban’
31.7.2020
Beijing’s local arbiter has attempted to clarify the government’s stance on bitcoin (BTC) – and stated that the world’s most notorious crypto ban is not exactly a “ban” per se.
In an unprecedented move from a Chinese legal body, the Beijing Arbitration Commission (BJAC) – one of nine local legal...
Stablecoin Cold Storage Backed by Satoshis – Simba is a New Way of Holding Assets in Switzerland
31.7.2020
When it comes to Switzerland, first of all, people have associations with first-class chocolate, delicious cheese, the most precise watches, multi-purpose knives and, of course, a safe place to keep money. New Way of Holding Assets in Switzerland Since the dawn of time Switzerland has been...
Twitter Says It Knows How Hackers Gained Access
31.7.2020
The hackers who got away with BTC 13.14 – worth roughly USD 146,000 – in the infamous Twitter attack on July 15, gained the access they needed by targeting Twitter employees directly through a “phone spear-phishing attack,” Twitter said.
The attackers relied on “a significant and concerted attempt...
Bitcoin to Gold Correlation Rises, Physical Metal Buyers Pay Premium
31.7.2020
After seeing a decline for more than 3 months, the correlation between bitcoin (BTC) and gold is once again on the rise, with the sharpest increase seen in late July as gold, silver, and bitcoin have all soared higher in price. At the same time, investors are forced to pay premium over the spot...
Fidelity Digital Assets Quotes Bitcoin Creator Satoshi Nakamoto in Latest Investment Thesis
31.7.2020
Fidelity Digital Assets (FDA) quotes Satoshi Nakamoto in its latest investment thesis report. The thesis is part of a series of reports examining the perspectives driving interest and investment in bitcoin. FDA is affiliated with Fidelity through parent company Fidelity Management & Research...
Bitcoin an Option, as Dennis Gartman Says He’s Exiting ‘Crowded’ Gold Market
31.7.2020
Gold bull Dennis Gartman is moving out of gold because the market has become “too crowded.” In an interview with Bloomberg on Thursday, Gartman said he was “social distancing” from the precious metal until such a time when the price falls to around $1,775. “Too many...
Bitcoin Cash Games Launches $3K Leaderboard Tournament to Celebrate the 3rd BCH Anniversary
31.7.2020
To celebrate the third anniversary of Bitcoin Cash, the world-class gaming platform Bitcoin Cash Games is launching a leaderboard tournament worth $3k. On August 1, the Bitcoin Cash community will be celebrating the network’s third anniversary and the project has come a long way since 2017....
Stimulus Is Failing: Global Banks to Break Support Levels, US Dollar Plummets to 2-Year Low
31.7.2020
Central banks worldwide have injected further stimulus into the economy, as European Union (EU) leaders recently approved a $2.1 trillion budget, the Bank of England boosted stimulus injections in mid-June, and the Federal Reserve announced on Wednesday that it would keep lending until the end...
Crypto Exchange Operator Diginex to List on Nasdaq in September
31.7.2020
Crypto startup Diginex has launched a cryptocurrency exchange ahead of its Nasdaq listing which has already been approved by the U.S. Securities and Exchange Commission (SEC). The new exchange is based in Singapore where Diginex has applied for a license. Diginex Set to List on Nasdaq...
Buda CEO: Exchanges Must Comply or Risk Damaging the Crypto Industry
31.7.2020
Source: Adobe/Снежана Кудрявцева
The head of Chile’s market-leading crypto exchange Buda said that crypto exchanges must hurry up and comply with government regulations or risk oblivion – and further damage to the wider crypto asset industry.
In a podcast interview with Criptonoticias, Buda founder...
Bitcoin Exchange Reserves Drop to a 12-Month Low Fueling Bullish Optimism
30.7.2020
The number of bitcoin held on exchanges has touched a 12-month low, as bitcoin exchange balances have reached levels not seen since June 2019. According to onchain statistics, there’s more than 2.6 million BTC held on global trading platforms worldwide. Data from a number of sources show that...
Coincheck Revenues Down, Operator Launches Crypto Lending in US
30.7.2020
Coincheck, one of Japan’s leading crypto exchanges, has reported that its revenues are down by over a third on last year’s figures – although its operator has launched crypto lending services in the United States.
Per a financial report from its operator the Monex Group, Coincheck said that...
Bitcoin News Roundup for July 30, 2020
30.7.2020
With the price of bitcoin hovering near recent highs and some wondering whether we're poised for a pullback, CoinDesk's Markets Daily is back for your latest news roundup
Major Investment Bank Oppenheimer Bullish on Bitcoin, Highlights Instead of Gold
30.7.2020
U.S. investment bank Oppenheimer’s analyst says gold is “extended” and has “run up a bit,” bringing attention to bitcoin instead. He sees the cryptocurrency reversing its downtrend from the $20K peak, benefiting from the dollar’s weakness. Oppenheimer Analyst...
DAI Rewards, Bitcoin Futures Record, Blockchain Park + More News
30.7.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchanges news
Coinbase has launched a rewards program for customers holding Maker's DAI stablecoin. To be eligible, users with a verified identity...