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Market Outlook: Crypto Economy Sheds $10B Overnight, Exchange Inflow and Sell Pressure Rises
16.7.2020
The overall market capitalization of all 5,700+ cryptocurrencies in existence lost around $10 billion during the overnight trading sessions. Most crypto assets have lost 2-5% in value during the last 12 hours, and a number of speculators blame the recent Twitter hack. The price of bitcoin (BTC)...
FreeBitcoins.com is Open Again With Three Helpful Tools for New and Old Cryptocurrency Users
16.7.2020
“FreeBitcoins.com” is proud to announce that they are now open. FreeBitcoins.com was initially registered in 2010 when Bitcoin was trading for under 25 cents. FreeBitcoins goal is to be helpful not only for new 2020 users but also for 2010 Bitcoiners. FreeBitcoins.com/faucet –...
Grayscale Crypto Investments Add Nearly $1 Billion in Q2 — Bitcoin Trust Posts Record Quarter
16.7.2020
Grayscale Investments has posted a record quarterly performance, having added almost $1 billion, which nearly doubled its previous quarterly high. 84% of the investments were from institutional investors. The cumulative investment across all of its crypto products has reached $2.6 billion....
Twitter Hackers Ridiculed as ‘Low IQ,’ but Implications Remain Serious
16.7.2020
Jack Dorsey, CEO of Twitter. Source: a video screenshot, Youtube/Ted
Despite being criticized by some for having a “super low IQ,” the hackers behind last night’s Twitter attack may have accomplished something with far more serious implications than mere financial gain.
Following the attack, where...
Is Bitcoin Set to Benefit from the Twitter Hack?
16.7.2020
Presumably, millions of people who have never heard of bitcoin (BTC) have been exposed to the world’s most popular cryptocurrency – as Twitter reels from a hack that filled the social media feeds of some of the planet’s most influential people with crypto scam messages.
As reported today,...
South African Bitcoin Investment Company Pushes Back Against Texas Scam Allegations
16.7.2020
Mirror Trading International (MTI), a South African bitcoin investment company at the center of a cease and desist order issued by the Texas State Securities Board (TSSB), is pushing back allegations that it is running a Ponzi scheme or a scam. MTI CEO Johann Steynberg issued a statement assuaging...
Bitcoins From the Biggest Twitter Hack in History On the Move
16.7.2020
The biggest Twitter hack in history helped attackers to collect some USD 120,000 in bitcoin (BTC) that are currently on the move, according to blockchain analysis companies.
"Three bitcoin addresses were used, which together received around 400 payments. The total value of the bitcoin...
Massive Twitter Attack: Apple, Joe Biden, Elon Musk, Bill Gates, Jeff Bezos, Uber Tweeting Bitcoin Giveaway Scam
16.7.2020
A massive attack hit crypto Twitter on Wednesday as many prominent accounts began tweeting about a bitcoin giveaway. Soon it was apparent that the breach was much more serious when major corporations and famous people tweeted that they will double your bitcoin, including Apple, Google, Joe Biden...
Study: Exchanges Accepted $1.3 Billion in Bitcoin Stemming from ‘High-Risk Addresses’
16.7.2020
A recently published report from the research and analysis firm Peckshield indicates that during the last two quarters of 2020, cryptocurrency exchanges accepted 147,000 BTC ($1.3 billion) from high-risk addresses. During the last few years, blockchain research and surveillance firms have been...
European Digital Bank Revolut Expands Bitcoin Trading Services to 49 US States
16.7.2020
British digital bank Revolut said Wednesday that it will start offering its cryptocurrency trading services in the U.S. Users in 49 U.S. states, excluding Tennesee, can now buy and sell bitcoin (BTC) and ethereum (ETH) through the Revolut app, it said. They can also store their digital assets...
Fidelity Digital Assets to Hold Bitcoin Private Keys for Kingdom Trust Clients
16.7.2020
The enterprise-grade bitcoin custody and crypto management service, Fidelity Digital Assets has revealed a recent partnership with the firm Kingdom Trust. The new alliance provides individual retirees with the ability to safeguard their bitcoin private keys alongside self-directed IRAs. The crypto...
Popular NASCAR Driver Bubba Wallace Will Sport the Bitcoin Logo While Racing
15.7.2020
NASCAR driver Darrell “Bubba” Wallace will be sporting a bitcoin logo on his car and uniform during upcoming races. Twitter and Cash App founder, Jack Dorsey, tweeted a few pictures that revealed the new sponsorship, as he displayed the bitcoin symbol and Cash App logo design layout...
South Africa Proposes New Rules to Regulate Cryptocurrencies, Seeks Alignment With FATF Standards
15.7.2020
South Africa is proposing new rules around crypto-asset service providers (CASP) as it seeks to align regulations with standards of the Financial Action Task Force (FATF). The proposed rules are part of amendments to the Financial Intelligence Centre Act (FICA) that are up for public comment....
Bitcoin News Roundup for July 15, 2020
15.7.2020
As the race for Central Bank Digital Currencies heats up, CoinDesk's Markets Daily is back for your bitcoin news roundup!
Crypto Revolut In the US, Loans and Coffee on Blockchain + More News
15.7.2020
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
UK-headquartered major fintech Revolut has launched its crypto trading service in the United States via a partnership with...
Investor Charged in US After Obtaining Covid-19 Relief Loan to Trade Cryptocurrency
15.7.2020
The U.S. has charged an investor after he obtained two loans worth over $1.1 million from the Paycheck Protection Program (PPP) intended for covid-19 relief and used some of the money to invest in cryptocurrency. He was taken into custody on allegations he fraudulently obtained the loans. Crypto...
'Difficult to Ignore' Shift As Grayscale Buys More Bitcoin Than Miners Generate
15.7.2020
US-based major digital asset manager Grayscale said it recorded its largest quarterly inflows in the second quarter, when it also started buying more bitcoin (BTC) than it has been generated after the halving in May.
In its latest report, the company revealed:
In the second quarter, quarterly...
Bitcoin Finally Gets Into NASCAR, 6 Years After Dogecoin
15.7.2020
Source: Twitter, @jack
After an unsuccessful attempt in 2014, the Bitcoin (BTC) logo has finally found its place (a small one) in NASCAR, the US prime auto-racing franchise, after mobile payment service Cash App, which also supports BTC trading, inked a multi-year deal with Richard Petty...
Paypal Developing Cryptocurrency Capabilities, Letter to European Commission Confirms
15.7.2020
Paypal has confirmed that it has been developing cryptocurrency capabilities in a letter the company sent to the European Commission regarding the EU framework for cryptocurrency markets. Recently, Paypal and Venmo were rumored to soon allow users to buy and sell cryptocurrencies directly....
Village in El Salvador Turns its Back on Fiat in Favor of Bitcoin
15.7.2020
Source: Twitter/@Bitcoinbeach
Foundering fiats, a global pandemic and an anonymous donor’s generosity have led to the creation of a bitcoin (BTC)-powered economy in a village in El Salvador, the smallest and the most densely populated country in Central America.
Per an article written by a Forbes...