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Crypto Derivatives Blossomed In May, Celsius Hit USD 1B + More News
5.6.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchange news
Derivatives represented 32% of the crypto market in May, compared with 27% in April, according to a report...
The Mysterious Satoshi Nakamoto Allegedly Leveraged a Russian Proxy for Communications
5.6.2020
4,171 days ago in 2009, Satoshi Nakamoto invoked the Bitcoin network after sharing the white paper with people since Halloween 2008. Just recently, it has been discovered that Nakamoto leveraged a Russian proxy to obfuscate his whereabouts and the inventor used the proxy back in January 2009....
USD 100,000 'Reserved' of USD 1M in Bitcoin Giveaway by Draper Goren Holm
5.6.2020
Blockchain venture studio Draper Goren Holm pledged to give USD 1 million in Bitcoin (BTC) to celebrate their annual blockchain-focused conference going digital, with almost 1,000 sign-ups already.
The venture studio focused on incubating and accelerating early-stage blockchain startups was founded...
Ex-Chinese Central Bank Executive Talks of Bitcoin’s ‘Commercial Success’
5.6.2020
The former vice president of People’s Bank of China (PBoC) has spoken out about Bitcoin (BTC), calling it the most successful commercial application of blockchain technology yet – but claiming it also has crucial weaknesses.
Per Sina, Wu Xiaoling, who served as the vice president of the PBoC...
India’s Crypto Trading Volume Soars Amid Economic Crisis
5.6.2020
Despite the economic crisis, cryptocurrency trading platforms in India are reporting record-breaking volumes and new users. “People in India are betting big on bitcoin,” Paxful’s CEO said. “The Indian market holds great potential and importance for the future of...
Bitcoin's Wasabi Too Strong For Europol
5.6.2020
Open-source, non-custodial Bitcoin privacy wallet Wasabi is popular enough to catch the attention of the European Union Agency for Law Enforcement Cooperation (Europol), the Hague-based European Union's law enforcement agency. As for what the law enforcement can do about this wallet's privacy...
Bitcoin and Altcoins Attempting to End The Week Higher
5.6.2020
After a close above the USD 9,550 resistance, bitcoin price made an attempt to clear the USD 9,850 resistance. However, BTC struggled to continue higher and it is currently (08:30 UTC) trading in a range above the USD 9,550 and USD 9,650 support levels.
Similarly, most major altcoins are currently...
Bitcoin to Rise to $20K This Year Spurred by Government Money Printing and Covid-19: Bloomberg
5.6.2020
Bloomberg has forecast bitcoin to reach its record high of $20,000, and possibly $28,000, this year. According to the company’s June Crypto Outlook report, “something has to really go wrong for bitcoin not to appreciate in value.” Bloomberg points to quantitative easing and...
A Number of Hong Kong Vending Machines Support Bitcoin Cash Payments Over BTC
4.6.2020
Just recently, cryptocurrency evangelist Roger Ver shared a video on Twitter that shows a number of vending machines in Hong Kong that accept bitcoin cash and ethereum, but not bitcoin. A bunch of people got upset at the Tweet, including the crypto-pundit Tone Vays because they couldn’t deal...
Chinese Government Crackdowns and Cheap Hydropower- Miners Migrate from North to South China
4.6.2020
China-based bitcoin miners have started to migrate southbound from North China, according to local reports. The operators are having difficulties and are transitioning mining facilities for cheap hydro-powered electricity. Testimonials also show that 64 mining operations in the prefecture in Yunnan...
Bitcoin News Roundup for June 4, 2020
4.6.2020
Bloomberg thinks BTC could hit $20K. It's CoinDesk's Markets Daily Podcast
Eidoo to Burn 80% of Company’s Token Holdings to Kickstart One of the Biggest Daos in Defi
4.6.2020
Switzerland, 4th June 2020. Swiss-based crypto platform Eidoo is upgrading its native utility token into a governance token that will power a new cross-chain DAO. In a collaborative decision by Eidoo and pTokens, the $EDO token will be upgraded into $PNT later this month so that it can be used...
Japanese Finance Minister Shoots Down Plan to Cut Bitcoin Tax to 20%, Cites Crypto-Divide
4.6.2020
Japan’s finance minister Taro Aso says he is opposed to reducing tax on bitcoin income to 20%, on par with stock dividends, arguing that most Japanese households find it difficult to invest in digital assets. The development suggests that Japan will uphold its current definition...
Bitcoin Mining Difficulty Sees its 8th Biggest Drop in History
4.6.2020
After the second post-halving difficulty adjustment, mining Bitcoin (BTC) has just got easier again, helping miners improve their profit margins.
Bitcoin mining difficulty, a measure showing how hard it is to compete for mining rewards, has dropped 9.29% today. This is its second drop in a...
Craig Wright Fights Back: 'You Don't Understand Digital Signatures At All'
4.6.2020
Coronavirus is ‘Accelerating Bitcoin’s Maturity’ - Analyst
4.6.2020
The Coronavirus pandemic is accelerating the maturity of bitcoin (BTC) as an asset versus the stock market and commodities, and the current BTC market is mirroring the beginning of the previous bull market in 2016, according to a well-known BTC bull, Mike McGlone.
In his new report, Senior...
Exponential Growth: Bitcoin’s Trading Volume Could Rival Major Asset Classes
4.6.2020
Bitcoin’s trading volume has experienced exponential growth which could reach levels similar to major asset classes, according to a new report by Coin Metrics. The cryptocurrency’s daily volume could exceed that of all U.S. equities in less than four years and all U.S. bonds in less...
Bitcoin and Altcoins Showing Positive Signs
4.6.2020
In the past two sessions, there was a decent recovery wave in bitcoin above the USD 9,400 and USD 9,550 levels. BTC is trading above the USD 9,600 level (08:30 UTC), but it must clear the USD 9,850 resistance zone for a sustained upward move above the USD 10,000 level.
Similarly, most major...
US Regulators Target Bitcoin ATMs: 88% of the Funds Exit the Country via Machines
4.6.2020
Bitcoin automated teller machines (BATMs) will become the next target for regulators, as world governments tighten screws on money laundering. According to Ciphertrace CTO John Jeffries, crypto-cash machines will attract “greater…regulatory focus” in a bid to rein-in alleged...
Roger Ver Donates $10K in Bitcoin Cash to Casa de Amparo Children’s Shelter
4.6.2020
Just recently Bitcoin.com’s Roger Ver donated $10,000 worth of bitcoin cash to the charitable organization Casa de Amparo, a 501(c)(3) charity that helps children escape child abuse and neglect. Since 1978, Casa de Amparo has offered a myriad of programs that help those affected by and...