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Major Indian Company TCS Launches Cryptocurrency Trading Solution for Banks’ Customers
8.7.2020
Leading Indian IT company, Tata Consultancy Services (TCS), is launching a cryptocurrency trading solution for banks to allow their customers to invest in cryptocurrencies. TCS is part of the Tata group, India’s largest multinational business group, and is listed on two stock exchanges...
Venezuelan Soldiers Stop Truck Full of Antminer 9 Bitcoin Mining Rigs
8.7.2020
The intercepted truck. Source: Twitter/@GNB_CZBolivar
The Venezuelan military says it has intercepted a truck full of 315 cryptocurrency mining rigs.
Per a tweet from the army’s official account, which also posted photos of the Chevrolet 350 truck – and its illegal cargo – the driver was unable...
Bitcoin Stuck Near USD 9,300 While XRP, BNB and ADA Rally
8.7.2020
Bitcoin price remained stable above the USD 9,200 level and it is currently (08:30 UTC) consolidating near the USD 9,300 resistance. If BTC settles above USD 9,300 and USD 9,320, there are chances of another strong upward move towards USD 9,550 in the near term.
On the other hand, there was...
Crypto Facilities Gets FCA Nod to Set up Crypto Futures Venue
8.7.2020
Crypto Facilities, a subsidiary of Kraken cryptocurrency exchange, has obtained a Multilateral Trading Facility (MTF) license from the UK’s Financial Conduct Authority (FCA). An MTF is a European regulatory term for a self-regulated financial trading venue. MTFs are an alternative to...
Renters Threaten US Real Estate Market, 20 Million Americans Face Eviction
8.7.2020
The aftermath of the coronavirus-provoked business shutdowns in the United States caused a number of market observers to focus on the U.S. real estate and rental markets. As the federal moratorium on evictions reaches its expiry, a recent Aspen Institute report reveals that 20 million renters...
Bitcoin Price Poised for ‘Imminent’ Breakout As Network Hashrate Hits Record Highs
8.7.2020
The price of bitcoin could see an ‘imminent’ breakout, according to the latest Glassnode data. The data firm says bitcoin (BTC) has been flashing bullish for the past six weeks amid positive onchain activity. Meanwhile, the BTC network hashrate has continued to grow, with the seven-day...
The Popular Stablecoin Tether Is Now Circulating on the Bitcoin Cash Network
7.7.2020
The most popular stablecoin tether (USDT) has officially been minted on the Bitcoin Cash blockchain via the Simple Ledger Protocol (SLP). At press time there’s only 1,010 SLP-based USDT in circulation, as the firm Tether Limited seems to be issuing small amounts and testing the SLP framework....
Escalating Bank Runs Spur Chinese Government to Require Approval for Large Cash Transactions
7.7.2020
A series of bank runs has prompted the Chinese government to begin requiring approval for large cash deposits and withdrawals at commercial banks, starting with banks in a northern province. Recently, two bank runs happened within a week as people lost faith in financial institutions amid...
Tiktok Ban: US May Join India in Banning Chinese Social Media Apps
7.7.2020
The Trump administration is looking at banning Tiktok and other Chinese social media apps, according to Secretary of State Mike Pompeo. The US has been concerned about Tiktok being used by the Chinese government to mine American users’ data. India has already banned Tiktok in its country...
Bitcoin News Roundup for July 7, 2020
7.7.2020
With BTC beating precious metals, Ethereum rising and a new report out on a lightning network vulnerability, CoinDesk's Markets Daily is back for your Bitcoin news roundup!
Bitcoin.com Wallet Launches New Portfolio Breakdown and Stablecoin Swap Features
7.7.2020
With over 11 Million Bitcoin.com Wallets created, we’re building new features our users need most in order to enjoy the best possible cryptocurrency experience. Our wallet’s latest features now provide seamless swaps between bitcoin (BTC), bitcoin cash (BCH), and the stablecoin...
Watch Fiat Currencies If You Want To Guess Bitcoin's Next Move
7.7.2020
As major fiat currencies face potential devaluations in the wake of the COVID-19 crisis over the coming months and years, an alternative currency like bitcoin (BTC) has never been so needed, according to Max Bronstein, a member of the Institutional Coverage team at Coinbase.
Sharing his thoughts...
Bitcoin and Altcoins Gain Bullish Momentum
7.7.2020
Bitcoin price started a fresh increase above the USD 9,200 resistance level. BTC even broke the USD 9,300 resistance and tested the USD 9,350 region. It is currently (08:30 UTC) correcting lower, but dips are likely to remain supported and the price could resume its upward move.
Also, there was...
South African Investors to Lose $13 Million as Bitcoin Scammer Declared Bankrupt
7.7.2020
A South African high court has declared an alleged bitcoin scam mastermind, Willie Breedt, bankrupt. The court decision follows an application by one disgruntled investor, Simon Dix, a News24 report states. Willie Breedt is the CEO of the defunct Vaultage Solutions (VS), the company at the center...
Crypto Derivatives Volumes Crash 36% to $393 Billion in June, a Low for 2020
7.7.2020
Crypto derivatives trading volumes plunged 36% to $393 billion in June, the lowest they have reached in 2020, according to a new report by Cryptocompare. The decline may be the result of a lull in investor interest in the instruments during the month in review. In May, derivatives – contracts...
Developer Reveals Layer-Two Private Messaging and Payment System on Bitcoin Cash
7.7.2020
On July 4, 2020, the Bitcoin Cash proponent Cain published an interview with the blockchain developer, Shammah Chancellor, about a new project called Stamp Chat. At its basic level, “Stamp is a prototype of a layer-2 private messaging and payment system on Bitcoin Cash. It implements stealth...
European Blockchain Ecosystem Needs €350 Million for the Next 18 Months
7.7.2020
A study report by Leadblock Partners, an appointed representative of Sapia Partners LLP, finds an accelerating growth of the European blockchain ecosystem. The findings of the Leadblock Partners study suggest European respondents have a funding need for €350 million for the next 18 months....
Bitcoin Volatility Hits Three-Year Low, Sparking Fears of Massive Sell-Off
6.7.2020
The cryptocurrency data analytics and research company, Skew has warned that bitcoin could see a massive sell-off due to declining volatility. The data analytics firm says that bitcoin (BTC) realized volatility hit 20% over the past 10 days – it’s the lowest 10-day reading in nearly...
The Tokenized Metaverse: Non-Fungible Token Sales to Surpass $100 Million
6.7.2020
On July 1, 2020, the partner of Polynexus Capital, Andrew Steinwold, detailed that the sales of blockchain-powered non-fungible tokens (NFTs) are about to cross the $100 million mark. The popularity of NFTs has grown massive since 2017, as blockchain cards, collectibles, digital artwork, virtual...
700,000 Expedia Hotels Can Now Be Paid With Cryptocurrencies via Travala
6.7.2020
More than 700,000 Expedia Group hotels and accommodations are now available via crypto-friendly travel booking platform Travala. Bookings can be paid with more than 30 cryptocurrencies, including bitcoin. Despite covid-19, Travala saw a 170% increase in booking revenue from its 2 million properties...