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Despite Russia’s Confusing Crypto Laws, P2P Bitcoin Trade Volumes Soar
3.6.2020
Peer-to-peer cryptocurrency trading data shows digital assets like bitcoin are growing extremely popular in Russia, despite the State Duma’s opinions and regulations aimed at crypto assets. On Monday, the Russian government published a draft version of litigation mandates called “On...
US Government Prediction: Economy Faces 10-Year Recovery, $8 Trillion Loss From Coronavirus
3.6.2020
The U.S. Congressional Budget Office has projected that the coronavirus crisis will cost the U.S. economy about $8 trillion. Many factors play a part in shrinking the economy, such as business closures, social distancing measures, consumer spending, a drop in energy prices, and recent legislation....
Bitcoin News Roundup for June 3, 2020
3.6.2020
Not so good news for fans of $10K BTC. It's CoinDesk's Markets Daily Podcast
Bitcoin Upgrade, Pu’er on Blockchain, Underground Miners + More News
3.6.2020
Pu'er tea. Source: Adobe/昊 周
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.
Bitcoin news
Bitcoin Core version 0.20.0 has been released and is now ready for launch. Per...
Relief to Bitcoin Miners as Double-digit Difficulty Adjustment In Sight
3.6.2020
With the second post-halving bitcoin (BTC) mining difficulty adjustment set to occur shortly, miners might once again breathe a sigh of relief after the previous such event also made life easier for players in the highly competitive industry.
This time, difficulty, a measure showing how hard it...
Bitcoin’s Flash Rally to $10,400 was “Fake”, Short the Cryptocurrency, Warns Renowned Trader Bollinger
3.6.2020
Long time trader John Bollinger has warned that bitcoin’s flash rally to over $10,400 on Monday was fake, adding that losses might be on the way. “This is a Head Fake at the upper Bollinger Band for $btcusd,” tweeted Bollinger, inventor of the Bollinger Bands indicator....
Bitcoin Demand Already Outpacing Supply - CoinShares' Demirors
3.6.2020
Meltem Demirors. Source: a video screenshot, Youtube, Bloomberg Technology
Bitcoin (BTC) demand is already outpacing supply, sending another bullish sign to the market, according to Meltem Demirors, Chief Strategy Officer at the crypto asset management firm CoinShares.
“We’ve seen a tremendous...
Hackers Threaten to Use Stolen Data from Coinsquare for SIM Swapping
3.6.2020
More than 5,000 email addresses and other personal information obtained from Canadian crypto exchange Coinsquare may be used in SIM swapping attacks.
Hackers got their hands on personal data on users from Coinsquare's database, and Vice's Motherboard cites one of the hackers saying that "the...
Four Crypto Exchanges Rake In 90% of Bitcoin Trading Volume
3.6.2020
While bitcoin (BTC) is as a decentralized asset, trading in and out of the biggest cryptoasset remains a relatively centralized process, according to a new report from crypto data provider Coin Metrics.
Although bitcoin is traded against a range of fiat currencies, stablecoins, and other...
Bitcoin Cash Vietnam-Based Fiat-to-Crypto Trading Support Added to Bvnex Exchange
3.6.2020
This week the trading platform Bvnex Exchange announced the support of bitcoin cash on the Vietnam-based fiat-crypto trading platform. The support gives the Vietnamese market and other regions in Asia, the ability to trade bitcoin cash for VNDT- Vietnam dong. On June 2, 2020, the crypto exchange...
50 Million-user Chat App KakaoTalk Launches Crypto Wallet Today
3.6.2020
South Korea’s Kakao Group, the operator of the KakaoTalk chat app, says that its long-awaited crypto wallet Klip debuts today – in theory providing most of the country with immediate access to cryptoassets.
KakaoTalk claims to have around 45 million monthly active users in South Korea (87% of...
5 Ways to Reduce Risks for Customers in Case Bitcoin Exchange Fails
3.6.2020
Amending laws to accommodate the nature of cryptoassets, tracing on-chain transactions, and prohibiting the re-use of deposited bitcoin (BTC) are some of the ways to reduce risks in case a custodian sinks, according to researchers from the Netherlands' Leiden University.
Their recent paper looks...
Travala Sees 205% Jump in Booking Revenue as Travel Demand Returns — 60% Paid With Cryptocurrencies
2.6.2020
Crypto-friendly travel booking platform Travala has reported booking growth as demand for travel returns despite continued coronavirus crisis and extended lockdowns in many places. Its booking revenue in May soared 205% and 60% of all bookings were paid with cryptocurrencies. Travel Demand...
US Law Enforcement Promises $5M for the Capture of Venezuela’s Superintendent of Cryptocurrencies
2.6.2020
U.S. Immigration and Customs Enforcement’s (ICE) and Homeland Security Investigations (HSI), has put out a bounty for $5 million for the arrest and conviction of Venezuela’s superintendent of cryptocurrency. Joselit de la Trinidad Ramirez Camacho is now added to America’s Most...
Bitcoin News Roundup for June 2, 2020
2.6.2020
With the price of bitcoin briefly breaking above $10,000, CoinDesk's Markets Daily is back!
Bitcoin Drops Below USD 10,000, Erases 24 Hour Gains in Minutes
2.6.2020
After staying above USD 10,000 for around half a day, bitcoin (BTC) dropped below this important level once again, in 10 minutes erasing all its gains in the past 24 hours.
At pixel time (15:07 UTC), BTC trades at USD 9,557 and is unchanged in a day. The price is still up by 8% in a week and 14%...
Hackers Move Another $800K in BTC Stolen From the 2016 Bitfinex Breach
2.6.2020
Another $800,000 worth of bitcoin from the Bitfinex hack of four years ago has been moved to an unknown wallet. Whale Alert reports that hackers transferred 77.64 bitcoin (BTC) on Tuesday, which amounts to $797,000 at the time the alert was issued. The thieves last moved about $255,000 or 28.4...
Options Market Keeps Sending Bullish Signs to Bitcoin Investors
2.6.2020
After a day of strong price gains that sent bitcoin (BTC) up by nearly 6% over the past 24 hours to breach the important USD 10,000 level, the options market may have even more good news in store for hopeful investors.
According to data from Skew, a provider of crypto derivatives analytics,...
2 Swiss Banks Launch Cryptocurrency Trading and Custody After Gaining Regulatory Approval
2.6.2020
Switzerland’s financial regulator, FINMA, has approved two Zurich-based banks to offer a range of cryptocurrency services, including trading and custody. Maerki Baumann Bank subsequently announced the launch of its trading platform for major cryptocurrencies while Incore Bank is offering...
Major Technical Breakout Spotted as Bitcoin Reaches USD 10,000
2.6.2020
As bitcoin (BTC) once again reached the crucial USD 10,000 barrier on Monday night (UTC time), the BTC chart is showing signs of what could be a major breakout after a series of failed attempts at moving higher.
At pixel time (05:22 UTC), bitcoin was up by 5.6% over the past 24 hours, trading at...