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5% Over Spot: Gold-Backed Tokens Tether Gold and Digix Sell for Higher Premiums
7.4.2020
Digital asset markets have been gathering some gains during the last few days and tokens like stablecoins have seen massive demand since the start of the market carnage. Alongside stablecoins, gold-backed digital assets like Tether Gold, Pax Gold, and Digix Gold have seen tremendous trade volumes...
Sweden’s ‘Lagom’ Response to Coronavirus: No Masks, Keep The Economy Going With a “No Limit” Printing Press
7.4.2020
The Coronavirus in Sweden has so far claimed 611 deaths, with 7849 confirmed cases. Swedish people still send their kids to school and are not hoarding much of anything compared to countries like the US. But just like in most of the world many businesses are hit hard, and the country's central bank...
Bitcoin News Roundup for April 7, 2020
7.4.2020
Crypto beats traditional markets while a COVID-19 vaccine enters human trials. It's CoinDesk's Markets Daily podcast
Uncertainty Looms in Markets as Investors Question This Rally
7.4.2020
Despite a significant rally in the price of both bitcoin and other major cryptoassets since the market crash on March 12, uncertainty still looms in both the crypto market and the broader financial market about the impact of COVID-19 and the economic downturn that comes with it.
Although the...
Paxful Launches Bitcoin/Gold Trading to Meet 'Surprisingly High' Demand
7.4.2020
Peer-to-peer (P2P) crypto marketplace Paxful now offers gold buying and selling options on its platform, supporting trade between gold and bitcoin (BTC).
Paxful said that there's a customer demand which they decided to satisfy, as they claim to be the first bitcoin-backed P2P marketplace...
Market Update: Traders ‘Buck the Trend’ Pushing Crypto Market Cap Above $200 Billion
7.4.2020
Digital currency markets have been rising again as the entire market capitalization of all 5,000+ coins has jumped above the $200 billion mark. The increase in crypto trade volume and coin values has followed alongside the recovery traditional equity markets saw on Monday. On Tuesday, most of...
No More Relief for Bitcoin Miners - Mining Difficulty to Increase Again
7.4.2020
The previously expected even bigger relief for the Bitcoin (BTC) miners is not coming. Instead, starting tomorrow, Bitcoin mining difficulty, used as a measure for how hard it is to compete for mining rewards, is set to increase as more miners turned their machines on in the past two weeks....
Bitcoin And Altcoins Look Poised For Continued Gains
7.4.2020
In the past few sessions, there was a sharp rise in bitcoin price above the USD 7,000 resistance area. BTC/USD surpassed the USD 7,250 resistance area and it is now (08:30 UTC) trading in an uptrend. The next hurdles on the upside are near USD 7,550, USD 7,650 and USD 7,800.
Also, almost all major...
Hyperbitcoinization: Visions of Bitcoin Fueling the Post Covid-19 Shadow Economy
7.4.2020
With the recent coronavirus spread and its overall effect on the global economy, some people believe the powers that be are preparing a financial reset. During these times, a number of bitcoiners think a bitcoin-induced form of fiat currency demonetization will take place, otherwise known...
Blind Faith in S2F Models: Analysts Question Measuring Bitcoin’s Price With Stock-to-Flow
6.4.2020
One of the most bullish charts for predicting the price of bitcoin is the infamous stock-to-flow (S2F) model. The S2F analysis shows the price of BTC could reach $55,000 in the near future. One advocate of the S2F model, the Twitter account known as ‘Plan B,’ wrote a report about...
2 American Banks Have Failed Since Coronavirus Started Spreading in the US
6.4.2020
Since the coronavirus started spreading in the U.S., two banks have failed and were shut down by state banking authorities. One was a bank in West Virginia and the other was in the state of Nebraska. The governor of West Virginia has already issued a stay-at-home order due to rising covid-19 cases....
Bitcoin News Roundup for April 6, 2020
6.4.2020
Ether and BTC are running neck and neck while three major lawsuits deal with the ICO aftermath. It's CoinDesk's Markets Daily podcast
Sensorium’s Senso Token Lists on the Top Ten HitBTC Cryptocurrency Exchange
6.4.2020
Sensorium Corporation has listed its digital currency Senso Token on HitBTC one of the oldest and most advanced cryptocurrency platforms operating today. The move follows a recent listing of Senso Token on the KuCoin cryptocurrency platform and signals Sensorium’s intention to expand its operations...
Software Engineer Cracks Encrypted File To Recover USD 300K in Bitcoin
6.4.2020
Once upon just recently, there was a software engineer with two decades of experience in cracking codes, who used a set of complicated steps to recover keys for a "Russian guy's" bitcoin (BTC).
Mike Stay is the CTO of Pyrofex, a startup that creates blockchain platforms and decentralized...
Rich Dad Poor Dad Author Robert Kiyosaki: Dollar Is Dying, Buy Bitcoin
6.4.2020
Robert Kiyosaki, the author of the popular book “Rich Dad Poor Dad,” talked about the death of the U.S. dollar and how one should take the government’s free money and buy bitcoin. The best-selling author also explained the cost of free money. Also read: IMF Declares Global...
Bitcoin Surges Past USD 7,000, Altcoins Gaining Traction
6.4.2020
In the past two sessions, there were positive moves in bitcoin price above the USD 6,850 resistance. More importantly, BTC/USD climbed above the key USD 7,000 resistance to move into a bullish zone. The current (08:30 UTC) price action is positive, suggesting more upsides above the USD 7,200...
10 Countries Actively Regulating Cryptocurrency Despite Global Crisis
6.4.2020
Despite the coronavirus pandemic and the resulting financial crisis, at least 10 countries have made announcements regarding cryptocurrency regulation since our last regulatory roundup. They include Japan, Malaysia, Singapore, China, Spain, Germany, India, the Philippines, the U.S., and South...
Bitcoin.com’s Cashfusion Fund Exceeds Goal: $100K Raised for Bitcoin Cash Privacy
5.4.2020
Bitcoin.com’s Cashfusion Fund officially surpassed the fundraiser goal by 103.3% or $51K worth of bitcoin cash spread out between 623 donations. The funds will go toward Cashfusion developer expenses and a security audit from Kudelski Security. Bitcoin.com also matched the funds donated...
ICO Crackdown: 11 Class-Action Lawsuits Filed Against Cryptocurrency Companies
5.4.2020
A number of class-action lawsuits have been filed against various digital asset firms and exchanges on Friday. The U.S.-based “litigation boutique,” Roche Cyrulnik Freedman, filed the lawsuit for three plaintiffs in the Southern District of New York. All three lawsuits claim that...
Where to Buy Bitcoin in India: Cryptocurrency Exchanges Lower Their Fees
5.4.2020
Since the supreme court lifted the RBI ban, more people have been looking to buy bitcoin and other cryptocurrencies in India. Responding to community feedback, a number of cryptocurrency exchanges have lowered their fees as the Indian crypto sector continues to grow. Also read: IMF Declares Global...