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Trump Threatens to Close Down Social Media Platforms After Twitter Tampers With His Tweets
28.5.2020
A row with Twitter has provoked U.S. President Donald Trump to threaten to close down social media platforms. This follows Twitter tampering with Trump’s tweets to alert people to fact check his claims. Trump is further outraged by Twitter’s use of “fake news” sources...
Bitmain Cofounder Allegedly Expelled – Could Face Litigation for Operation Interference
27.5.2020
One of the largest ASIC mining manufacturers worldwide, Bitmain, has allegedly ousted cofounder Micree Zhan. Regional reports note that he’s been threatened with litigation if he interferes with company operations. According to two local announcements written in Chinese, Bitmain has warned...
Here's What People Bought With Their Bitcoin Profits
27.5.2020
Cars, pinball machines, virtual private networks (VPN), more cars - these are some of the things people have recently purchased with their bitcoin (BTC) profits.
Some BTC owners are hodlers, some are traders, but all wish to build a world where they own and manage their fortunes and are able...
Bitwage and Gemini Partner to Launch Bitcoin-Based Retirement Plan for Employees
27.5.2020
Cryptocurrency payroll service Bitwage has announced the launch of a Bitcoin 401 (k) plan, allowing companies to give their employees a BTC-based retirement plan. In a press statement, Bitwage, which claims to have tested the product on its own employees for 10 months, said workers now have...
Bitcoin News Roundup for May 27, 2020
27.5.2020
While the yuan weakens against the U.S. dollar, Coinbase makes an acquisition to grow its institutional trading infrastructure. It's another episode of CoinDesk's the Markets Daily podcast
Bull Run Imminent? Hodl Waves Chart Shows 60% of Bitcoin Hasn’t Moved in a Year
27.5.2020
According to the creator of the analytical bitcoin data web portal, Look Into Bitcoin, a chart often referred to as ‘Hodl Waves’ shows a bull run could be imminent. The web portal’s analyst Phillip Swift recently tweeted that 60% of all the bitcoin in circulation hasn’t...
Coinbase Acquires a New Tool For Buyers of 'USD 100M of Bitcoin'
27.5.2020
Source: a screenshot, Instagram/Coinbase
In an attempt to attract more institutional traders, major crypto exchange Coinbase agreed to acquire another major player in the crypto industry, Tagomi, a New York-based crypto brokerage.
Terms of the acquisition, that is pending regulatory approval...
Major Bitcoin Players Lure Large Investors With New Offerings
27.5.2020
From exclusive trading services to investment in Bitcoin (BTC) mining farms, major crypto players are expanding their product list in order to attract more large investors.
Crypto custody company BitGo has announced today the launch of BitGo Prime, to offer institutional trading services, which...
Bitcoin and Altcoins Struggle To Gain Bullish Momentum
27.5.2020
After a short-term upside correction, bitcoin price resumed its decline towards the USD 8,800 level. BTC is currently (08:30 UTC) trading in a broad range and it seems to be struggling to clear the USD 9,050 and USD 9,200 resistance levels.
Looking at most major altcoins, there were mostly range...
Bitcoin Sees First 12-Month Period with Losses Since 2019 Rally
27.5.2020
After a series of lower highs for bitcoin (BTC) price since its last major rally in 2019, some investors in the number one cryptocurrency may be forced to adjust their expectations, the latest return figures suggest.
Following a decline in the bitcoin price of nearly 9% over the past 7 days,...
Bitcoin Risks Turning Bearish Due to Declining Market Health, Says Glassnode
27.5.2020
Bitcoin (BTC) risks sliding back into bearish territory should onchain activity and overall market health continue to decline, warns analytics firm Glassnode. The latest market update from Glassnode shows that the GNI index, which measures the overall state of the Bitcoin network, dropped 18% or...
$9M and Over 4,500 Fusions – Bitcoin Cash Supporters Anticipate the Cashfusion Audit
27.5.2020
Since November 28, 2019, the Cashfusion protocol has helped facilitate 4,583 fusions to-date with roughly 40,564 bitcoin cash ($9.1M). Cashfusion is an extension of the Cashshuffle platform and the protocol has been deemed “far more practical than other coinjoin protocols.” Bitcoin Cash...
IMF Predicts Banks Will Struggle at Least 5 More Years After Global Economy Recovers
26.5.2020
The International Monetary Fund (IMF) has predicted that banks will struggle to generate profits at least five years after the global economy recovers from the coronavirus-led economic crisis. The IMF explained that banks were struggling even before the covid-19 pandemic so their troubles...
Swiss Government Rejects $103 Million Bailout for Crypto Companies Battered by Coronavirus
26.5.2020
Switzerland’s government has rejected a 100 million franc ($103 million) bailout for local cryptocurrency companies battered by the coronavirus economy, local media reported. Zug finance director Heinz Taennler requested the special funding package in April. He planned to issue out loans...
Ruling Russian Party’s Blockchain Vote Attacked, Bitcoin 401k + More News
26.5.2020
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.
Blockchain news
United Russia, Russia’s ruling political party, which has been using blockchain-powered voting for its primary...
Bitcoin News Roundup for May 26, 2020
26.5.2020
Remember that time you claimed to be Satoshi Nakamoto? It's the inevitable return of CoinDesk's Markets Daily Bitcoin News Roundup
Despite Trust Model Debates, Ethereum Is Bitcoin’s Largest Sidechain by Total Value Locked
26.5.2020
The Ethereum network now has more bitcoin held in reserves than the Lightning Network, according to onchain statistics. At the time of publication, Wrapped Bitcoin (WBTC) has close to 4,000 BTC ($34.7M) held in reserves, while the Lightning Network has only 925 BTC ($8.3M). Wrapped Bitcoin...
Bitcoin Fees Drop But Still Remain Far From the Pre-Halving Level
26.5.2020
After two weeks of soaring, Bitcoin (BTC) fees' flight to new highs seems to be over, at least for now, descending more than 50%.
Bitcoin fees started rising after the reduction of the miners' reward on May 11, surprising even the industry insiders and reaching new, 'ridiculous' highs this year....
BitAmp – The Next New Open Source Wallet
26.5.2020
With the recent rise of Bitcoin prices and the Bitcoin halvening, new entrants into the cryptocurrency field may wonder where they can self-custody their Bitcoin in the most secure way. BitAmp’s Emphasis on Privacy and Security The developers behind new entrant Bitamp’s Bitcoin wallet...
Crypto Researcher Warns Of a Growing Systemic Risk To Bitcoin
26.5.2020
The growing custodial banking layer creates a systemic risk for Bitcoin (BTC), warned popular crypto researcher Hasu and offered two solutions.
While some say that Bitcoin could be scaled by increasing its block size, allowing more transaction per block, this would worsen the assurances of...