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Paxos ‘Flippens’ LocalBitcoins As The Largest P2P Bitcoin Marketplace
19.6.2020
Bitcoin (BTC) peer-to-peer (P2P) trading market went through a historical week, as Paxful has surpassed LocalBitcoins in weekly trading volume for the first time in P2P trading history.
According to data provided by Coin.dance, Paxful is now the leading Bitcoin P2P marketplace in terms of global...
Paxful ‘Flippens’ LocalBitcoins As The Largest P2P Bitcoin Marketplace
19.6.2020
Bitcoin (BTC) peer-to-peer (P2P) trading market went through a historical week, as Paxful has surpassed LocalBitcoins in weekly trading volume for the first time in P2P trading history.
According to data provided by Coin.dance, Paxful is now the leading Bitcoin P2P marketplace in terms of global...
Binance China’s Presence ‘Grows’ as Unit Joins UN Sustainability Drive
19.6.2020
Multiple Chinese media outlets are reporting that Binance China’s influence is “growing” in the Middle Kingdom after the exchange’s domestic arm joined the United Nations Global Compact sustainability drive.
The UN drive describes itself as a “non-binding pact to encourage businesses worldwide...
Most Bitcoin Traders are Retail, But Pros Dominate the Market - Report
19.6.2020
Although the bitcoin (BTC) market has grown to include a huge number of smaller retail traders, the markets where bitcoin prices are actually determined are still dominated by a small number of “professional traders,” a new report from crypto analysis firm Chainalysis said. These professionals...
Bitcoin And Altcoins Start Fresh Decrease After Crucial Rejection
19.6.2020
Yesterday, bitcoin started a fresh decrease after it failed to climb above USD 9,500. BTC gained bearish momentum today and broke the USD 9,300 support level. It seems like the price is likely to continue lower towards the USD 9,050 and USD 9,000 support levels.
Similarly, most major altcoins...
HaruBank Collaborates with BitGo to Ensure Security of Its Clients’ Crypto Asset
19.6.2020
BitGo, a market leader and a multi-sig technology pioneer, will now offer its business hot wallet services to HaruBank. Users of HaruBank will have their assets secured by BitGo, ensuring peace of mind. HaruBank was established in 2019. It operates a crypto depository service, which experienced...
Bitcoin Games Launches Midsummer Promotion as Sweden Looks Toward Launching its Own Digital Currency
19.6.2020
The premier cryptocurrency gaming portal, Bitcoin Games has announced the launch of a Midsummer promotion that promises Free Spins and loads of entertainment. For well over, five years now Bitcoin Games has been the go-to destination for all your gaming needs and our brand new promotion –...
Crypto Card Issuer Wirecard Missing $2.1 Billion Cash, Company Shares Plunge 62%
19.6.2020
About 1.9 billion euros ($2.13 billion) worth of cash is missing from one of Wirecard’s trust accounts and the crypto debit card provider cannot as yet account for the money, the company reported on Thursday. In a statement, the major German payment processor blamed “spurious”...
Analysts Say Bitcoin Breakout Imminent: Silver-like Suppression, $5 Trillion in Cash Could Flow Into BTC
18.6.2020
A number of venture capitalists and macro investors believe bitcoin’s price will break out soon following suit with gold’s recent climactic rise. Dan Tapeiro, cofounder of Gold Bullion International, thinks that $4.6 trillion in cash sitting on the sidelines right now, could very well...
Dollar Crash Imminent, Former Morgan Stanley Chief Economist Stephen Roach Predicts
18.6.2020
Stephen Roach, former chief economist at Morgan Stanley, has predicted that a dollar crash is coming, forecasting a 35% drop in the dollar’s value against other major currencies. He expects the U.S. national savings rate to sink deeper into negative territory than it has ever done before....
Bitcoin News Roundup for June 18, 2020
18.6.2020
With an Austrian app that aims to track COVID-19 now including blockchain, CoinDesk's Markets Daily Bitcoin news roundup is back!
Singapore-Based Carpooling Platform Ryde Plans to Support Bitcoin Payments
18.6.2020
The popular and first Singapore-based carpooling platform, Ryde has revealed that customers will soon be able to pay with bitcoin. The feature will be available after the bitcoin support is incorporated into the company’s payment app on June 22. Ryde has approximately 29,000 drivers, tens...
Bitcoin and S&P 'Largely Uncorrelated' & 'Not Uncorrelated' - Analysts
18.6.2020
A look at a larger picture shows that bitcoin (BTC) and stocks have been uncorrelated for most of the coin's existence, says an analyst, while another one adds that BTC is "not an uncorrelated asset." It's a matter of nuance, it seems.
The question of whether or not bitcoin is correlated...
British Money Printer Goes BRRR: Bank to Buy USD 125bn of Bonds
18.6.2020
The Bank of England – the UK’s central bank – has sent its money printers into full BRRR mode, agreeing to essentially create USD 125 billion worth of pound sterling as the coronavirus pandemic continues to disrupt the British economy.
Per the BBC, the bank’s nine-member governing council voted...
Trump Told Treasury Secretary Mnuchin to ‘Go After Bitcoin’ – Former National Security Advisor John Bolton Says
18.6.2020
Former national security advisor John Bolton has reportedly revealed in his upcoming book an instruction about bitcoin that President Donald Trump gave to Treasury Secretary Steven Mnuchin. The U.S. Justice Department has filed a lawsuit against Bolton to stop the book’s release, claiming...
Japanese Financial Giant Nomura Launches Digital Asset Custody Service
18.6.2020
Japan looks to have a brand new crypto player – with big-hitting financial group Nomura launching digital token-related business activities.
Per Japanese media outlet CoinPost, the Japanese company has teamed up with crypto firms Ledger and CoinShares to launch B2B “digital assets” custodial...
Bitcoin And Altcoins Continue To Fail Near Major Hurdles
18.6.2020
Yesterday, bitcoin made another attempt to climb above the USD 9,550 resistance zone. However, BTC failed to continue higher and recently started a slow decrease. It is currently (08:30 UTC) trading well below USD 9,500 and it might continue to move down towards USD 9,300.
Similarly, most major...
Insider Claims Trump ’Told Treasury Secretary’ to ’Go After’ Bitcoin
18.6.2020
Donald Trump has been "after" bitcoin (BTC) for at least two years now, allegedly stating the world's number one token is a fraud, per claims in a new tell-all book.
The United States President allegedly told Treasury Secretary Steven Mnuchin to crack down on the trading and selling...
Wisdomtree Files ETF With 5% Bitcoin Exposure Amid SEC Resistance
18.6.2020
Wisdomtree has filed for a commodity fund with 5% exposure to bitcoin, in a fresh attempt to bring an exchange-traded fund (ETF) backed by the benchmark cryptocurrency to the market. According to a filing with the U.S. Securities and Exchange Commission (SEC), the fund is targeting to invest mainly...
‘Interesting’ Two-bill Plan May Save ‘Shambolic’ Russian Crypto Law
18.6.2020
Industry insiders say the Russian government’s cryptocurrency policy is “shambolic” and says Moscow “urgently needs to start doing its deliberation behind closed doors,” while other experts welcome a possible two-bill solution.
The comments came after another government ministry spoke out against...