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Bitcoin’s Current Breakout Sets It up for $28,000, Headed for Six Figures – Max Keiser
29.7.2020
Max Keiser has predicted that bitcoin’s current bullish pattern will lead toward a price of $28,000. While the bitcoin bull does not give a timeframe when this is likely to happen, he believes that, thanks to relentless government money printing, the benchmark cryptocurrency will eventually...
Bakkt Futures Volume Hits $122 million, as Bitcoin Reached New 11-Month High
29.7.2020
Volumes on bitcoin futures offered by Bakkt set a record high on July 27, with 11,500 contracts traded on the institutional exchange. Altogether, the contracts are worth about $126 million, at the time of writing. Each contract is equivalent to one bitcoin (BTC). Total open interest –...
Coinbase Sees More Institutional Investors Buying Bitcoin in H1
29.7.2020
Coinbase says more institutional investors are now using its platform to build direct positions in the cryptocurrency market. Crypto fund managers are now getting more backing from institutional investors that see the crypto market as an alternative investment strategy. In a report, the exchange...
Swiss Exchange SIX Lists Actively Managed Bitcoin Exchange-Traded Product
28.7.2020
Switzerland’s principal stock exchange SIX Swiss Exchange is listing a new bitcoin exchange-traded product (ETP). The BTCA index, otherwise known as the “Bitcoin Capital Active ETP (BTCA),” is different from other crypto ETPs exchanged on SIX because it’s an “actively...
Goldman Sachs Warns US Dollar Risks Losing World Reserve Currency Status, Gold and Bitcoin Soar
28.7.2020
Goldman Sachs has warned that the U.S. dollar may lose its status as the world’s reserve currency. The investment bank is bullish on gold as fears over governments debasing their fiat currencies grow and real interest rates are pushed to all-time lows. Goldman Sachs’ Dollar and Gold...
New Bitcoin ETP, Trading Records, Synthetix Gets 3 DAOs + More News
28.7.2020
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
FiCAS AG, a Swiss-based crypto investment management boutique, said it has registered the Bitcoin Capital Active ETP (Exchange...
Bitcoin News Roundup for July 28, 2020
28.7.2020
With bitcoin pulling back a little after yesterday's frenzied rush above $11,000, CoinDesk's Markets Daily is back with another news roundup
A1 Telekom Austria Adds Bitcoin to Payment Service for Thousands of Retailers
28.7.2020
Austria’s leading telecom company, A1 Telekom Austria Group, has announced that its merchant payment service now accepts cryptocurrencies, including bitcoin, for cashless payments. The company operates in seven countries and has 25 million customers. A1 Telekom Austria Group is a leading...
Goldman Sachs Strategist Warns of 'Real Concerns' Over US Dollar
28.7.2020
More strategists at major banks are voicing out their opinions about the position of the US dollar today, as well as its longevity. With the recent gold price rally, and fuelled by the ongoing and growing socio-economic issues, the USD's position as the world's reserve currency might...
Thailand Has Now Licensed 13 Cryptocurrency Service Providers
28.7.2020
Thailand has been growing the number of licensed cryptocurrency service providers. The Thai regulators have now approved 13 crypto businesses to legally operate in the country, including cryptocurrency exchanges, brokers, and dealers. The Royal Decree on the Digital Asset Businesses B.E. 2561...
The Snapshot of The Bitcoin Rally to USD 11,000
28.7.2020
As bitcoin (BTC) continued its surge higher after breaking through the crucial USD 10,000 level on Sunday and hitting USD 11,000 on Monday, a number of metrics show how much has the interest in the most popular coin increased in the past few days.
Trading volume
While on Monday it reached...
Bitcoin Mining Difficulty Drops, While Miners Slow Down BTC Sale
28.7.2020
Tonight (UTC time), Bitcoin (BTC) mining difficulty dropped for the first time in two months almost as estimated. Meanwhile, after selling more BTC than was generated in the past week, it seems that miners started to hoard more.
BTC mining difficulty, the measure of how hard it is to compete...
Bitcoin Correcting Gains, Major Altcoins Look Bullish
28.7.2020
Bitcoin price started a strong increase above the USD 10,000 level. BTC broke a crucial resistance near USD 10,500 and it even rallied above USD 11,000. The price traded to a new monthly high close to USD 11,400 and it is currently (08:30 UTC) correcting below USD 11,000.
Most major altcoins also...
Ignorance and Greed Sustain Cryptocurrency Scams in Nigeria
28.7.2020
Nigeria is not only Africa’s biggest cryptocurrency market but is also a leading adopter of digital currencies globally. Official figures show the country is well ahead of fellow African countries. Citizens of the West African state use cryptocurrencies for cross border payments as well...
Bitcoin Up In a Year Again: Hits USD 11,000, Grows Dominance
28.7.2020
Source: Adobe/jan_S
It took one day for the most popular cryptocurrency, bitcoin (BTC), to climb from the long-awaited USD 10,000 level to USD 11,000, increasing its dominance in the market and showing positive returns in the past 12 months again. However, BTC is still not the best performer even...
Hackers Transfer $28 Million Worth of Bitcoin from 2016 Bitfinex Breach
28.7.2020
Around 2,500 stolen bitcoins ($28 million) from the 2016 Bitfinex breach were transferred from the hacker’s wallet on Monday. The last time the Bitfinex hackers moved funds from the hack four years ago, they moved around $5 million worth of coins on June 24. This time around, the top crypto...
Bitcoin Fees Skyrocket 590% Since Mid-June – Supporters Think Mempool Size Is ‘Bullish’
28.7.2020
Bitcoin fees have grown much larger in recent days spiking to a two-month high to $3.80 per network transaction. The crypto asset’s fees have jumped 590% since June 14 and the mempool (transaction backlog) has grown significantly. Digital currency markets have been extremely bullish lately...
Americans to Buy Bitcoin With Their Second Stimulus Checks After Initial Investment Turned in 50% Profit
27.7.2020
U.S. investors may be planning to use their second $1,200 stimulus money to buy bitcoin – again. The U.S. government is, on Monday, expected to approve plans for this second payout, White House officials have confirmed. The bailout is intended to cushion families against the covid-19 fallout....
29 Cryptocurrencies Delisted on Liquid Exchange to Comply With Singapore’s FATF Crypto Regulation
27.7.2020
A major Japanese cryptocurrency exchange, Liquid, has delisted 29 cryptocurrencies to comply with the crypto regulation in Singapore in an effort to become a licensed crypto exchange operator in the country. Singapore has been enhancing its crypto regulation in line with the standards set by...
Market Update: Cryptocurrency and Gold Markets Fueled by Failing Global Economy
27.7.2020
The cryptocurrency economy has spiked significantly on July 26 into the overnight trading sessions capturing over $300 billion in value. Bitcoin is trading above the $10,360 zone while ethereum is swapping for $321 per coin. Meanwhile, the precious metals gold and silver have seen incredible gains...