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New $3 Trillion Coronavirus Relief Bill: Second Stimulus Checks Could Be Coming to Americans
13.5.2020
Americans could be getting their second stimulus checks as a new coronavirus relief bill has been introduced. It includes more direct payments of up to $6,000 per household. The new bill is expected to cost more than $3 trillion, making it the biggest emergency relief package in U.S. history....
17,000 Quadrigacx Users Seek $307M from the Failed Canadian Crypto Exchange
13.5.2020
About 17,000 people have filed claims for refunds from the collapsed Canadian digital asset exchange Quadrigacx. Altogether, the claims, denominated in both cryptocurrency and fiat, amount to nearly $307 million. According to a document released Tuesday by Ernst & Young, the court-appointed...
New Stablecoin, Bitcoin Interest Account, Cherry on Blockchain + More News
13.5.2020
Source: Adobe/pamela_d_mcadams
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.
Exchanges news
Japanese crypto exchange GMO Coin is on the verge of releasing a stablecoin, reports...
Bitcoin Fees Rising, Surprising Even Industry Insiders
13.5.2020
After the third halving, Bitcoin (BTC) fees are on the rise again, as it's getting more difficult to get a transaction included into the nearest block.
After reaching its highest point in the past ten months of USD 3.19 on May 8, the average BTC transaction fee dropped 40% to USD 1.92, just...
2 Days After the Bitcoin Halving: Network ‘Remains Strong,’ Higher Fees, Bullish Sentiment
13.5.2020
On May 11, 2020, the Bitcoin network completed it’s third block reward halving and the network seems to be chugging along just fine. However, it may take a while longer to see the halving’s effect on the mining industry and right now bitcoin transaction fees have risen exponentially....
Bitcoin Returns Above USD 9,000, Altcoins Drop Against BTC
13.5.2020
It took a few days for bitcoin (BTC) price to return above the USD 9,000 level after crashing on the eve of the third mining reward halving.
At pixel time (13:30 UTC), BTC trades at c. USD 9,094 and is up by 4% in a day, almost erasing all its weekly losses. The price is up by 35% in a month...
Telegram Drops TON Cryptocurrency Project After US Prohibits Global Distribution
13.5.2020
Popular messaging app Telegram has shut down its TON cryptocurrency project. Telegram founder Pavel Durov explains that a US court has stopped his TON project and prevented the gram cryptocurrency from being distributed to investors, not just in the US but globally. Telegram Discontinues...
Bitcoin Struggling Near USD 9,000, Altcoins Show Signs of Life
13.5.2020
After halving, bitcoin price managed to settle above the USD 8,550 pivot level. BTC even climbed above the USD 8,850 resistance, but it seems like it is facing a major resistance near the USD 9,000 zone. If there is a clear break above USD 9,000, the price could start a strong rally.
Looking...
Bitcoin News: What’s Coming In Next Post Bitcoin Halving 2020?
13.5.2020
Bitcoin, at press time, was trading around $8.8k on the immediate next day of the 3rd Bitcoin halving which happened on May 11, 2020. Bitcoin news has leveled up social media as well, as the world as they got ready for the major event—Bitcoin halving. Bitcoiners believe this block reward halving...
$2 Billion Cryptocurrency Hedge Fund Industry Set to ‘Grow Significantly’
13.5.2020
Cryptocurrency hedge funds’ assets under management have been increasing significantly, rising to more than $2 billion at the end of last year, according to a recent survey. The crypto hedge fund industry is expected to “grow significantly” along with the price of bitcoin. Hedge...
Canadian Firm Hut 8 Reports Bitcoin Mined in Q1 Declined 54% Due to Price Volatility
13.5.2020
On Monday, Hut 8 Mining reported that first-quarter revenue rose 5% to $9 million from $8.59 million a year ago after the amount of bitcoin (BTC) extracted plunged sharply. Quarter-on-quarter, revenue fell 14%. For the three months to March 31, 2020, the Canadian bitcoin firm said it mined 1,116...
Halving Sell-Off Temporary, BTC to Hit $20,000 by Year End, Says Billionaire Investor Novogratz
13.5.2020
Bitcoin (BTC) may not have pumped at the scale expected by many halving optimists, but Wall Street billionaire Michael Novogratz insists that the price will hit $20,000 by year-end. The Galaxy Digital founder and chief executive officer on Monday told CNBC that bitcoin’s surge was inevitable...
Buying Corporate Bonds and ETFs: US Federal Reserve Continues to Bailout ‘Too Big to Fail’
12.5.2020
The U.S. Federal Reserve has continued its schemes of monetary easing and funding a number of private banks during the Covid-19 outbreak. On Monday evening, the Fed revealed it would be buying corporate bonds and exchange-traded funds using the entity’s Secondary Market Corporate Credit...
There’s Still a Non-Trivial Chance of a Ban on Bitcoin - Kraken CLO
12.5.2020
Even today, there is a non-trivial chance that governments try to ban Bitcoin (BTC), according to Marco Santori, the recently appointed Chief Legal Officer (CLO) of major crypto exchange Kraken.
“I don’t think it’s a 20% or 30% chance in the next five years, but I think it’s real. And it’s up to...
Bitcoin News Roundup for May 12, 2020
12.5.2020
With the third Bitcoin halving in the rear view mirror, Markets Daily is back with your bitcoin news roundup for look at price movements, problematic privacy and more
Bitcoin Cash Upgrade 3 Days Away – New Opcode Support, Chain Limit Extension, Sigchecks
12.5.2020
On May 15, the Bitcoin Cash (BCH) blockchain will be upgraded and there will be at least three new features added to the longest chain. The upgrade in three days is being discussed fervently by the community, because it follows the recent and controversial Infrastructure Funding Proposal (IFP)....
Honesty and Education Will Help Bitcoin Build Trust – Survey
12.5.2020
Source: Adobe/Pixel-Shot
Education and honesty could help cryptocurrencies, such as Bitcoin (BTC), achieve mainstream acceptance, per a new report.
These were the findings of the 2020 Edelman Trust Barometer, a survey that garnered data from 34,000 people in 26 regions, with 1,150 respondents...
Demand for Non-Sovereign Safe Havens - Bitcoin & Gold - Expected to Rise
12.5.2020
The demand for non-sovereign "safe haven" assets, such as bitcoin (BTC) and gold, to rise considerably as the risk of broad-based currency debasement increases, according to US-based crypto research boutique Delphi Digital.
Gold demand in the past 12-18 months has already been on the rise...
JPMorgan Chase Starts Accepting Bitcoin Businesses for Banking Services
12.5.2020
JPMorgan Chase has reportedly started providing banking services to bitcoin businesses, with the first two clients being Coinbase and Gemini exchanges. JPMorgan also recently recommended having cryptocurrency in investment portfolios as its CEO, Jamie Dimon, changed his mind about bitcoin. JPMorgan...
First 100 Post-halving Bitcoin Blocks: Miners Readjusting, 51% Attack Gets Cheaper
12.5.2020
As the Bitcoin (BTC) network is adjusting after its third mining reward halving, first signs of the falling hashrate are starting to appear, while block time, which should, in theory, be around 10 minutes, dropped to 1 minute on multiple occasions as first 100 post-halving blocks are being mined....