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Bitcoin Hater Peter Schiff Says Dollar Approaching ‘Wile E. Coyote Moment’

4.8.2020
Gold price reached a new all-time high and the same factors behind its rally could also push Bitcoin price higher

Bitcoin News Roundup for August 4, 2020

4.8.2020
With investment opportunities in traditional markets drying up, bitcoin futures are drawing record interest. CoinDesk's Markets Daily is back for your bitcoin news roundup!

Chainlink Reaches New LINK Price All-Time High Eyeing $10 Next

4.8.2020
The price of Chainlink has climbed to new heights as LINK continues to be one of the strongest cryptocurrency market performers of 2020

Bitcoin Price Hits New All-Time High Against Turkish Lira

4.8.2020
As the Turkish lira hits record lows despite foreign reserve selling, Steve Hanke says that only a “gold-backed currency board” can save the economy

Genesis’ Crypto Lending Rebounds in 2Q; Firm Acknowledges Unsecured Loans

4.8.2020
Genesis’ crypto lending arm came back strong in 2Q after a rocky 1Q. Separately, executives acknowledged the firm makes some uncollateralized loans

‘High Probability’ Bitcoin Rises as USD Sinks to 2008 Levels — Trader

4.8.2020
The U.S. dollar is at risk of falling below the lower end of a 12-year trendline as some analysts argue that this may be a bullish turning point for Bitcoin price

First Mover: As Fed Nears Inflation Rubicon, Analysts See $50K Bitcoin in Play

4.8.2020
The Federal Reserve appears ready to pursue yet another untested strategy that could ultimately boost inflation – and possibly prices for bitcoin

INX Scales Down US IPO Target to $127M – Still Set to Be Crypto’s Largest

4.8.2020
The cryptocurrency and security token exchange has filed an updated IPO prospectus with the SEC, lowering the maximum expected raise and proposing a new launch date

Bitcoin Futures Interest Soars as Bond Yields Fall to Record Lows: Industry Exec

4.8.2020
Surging open interest in crypto derivatives suggests investors are seeking alpha in other investments, like bitcoin, said the co-founder of an index fund provider

Over 90% of ETH’s Supply Now in Profit

4.8.2020
More than 90% of ETH’s circulating supply is now in profit. The last time this level was observed was in early 2018 when the price of the cryptocurrency was $925. Research and analytics firm Glassnode reported Monday that the percentage of ETH’s supply in profit has reached a level...

DeFi-Focused Derivatives Platform Hedget Raises $500K in Seed Funding

4.8.2020
The round was led by FBG Capital and NGC Ventures, both Asia-based venture firms

Stocks Crash Can Stop $11.3K Bitcoin Price ‘In Its Tracks’ — Report

4.8.2020
In its latest weekly report, Glassnode warns that despite strong network fundamentals, Bitcoin remains at risk of a macro-induced plunge

The 2020 Rainy Season Is Tougher Than Ever for China’s Bitcoin Miners

4.8.2020
Chinese bitcoin miners are usually happy this time of year because the monsoon season brings excessive rain and thus cheap hydro electricity. But this year has proved to be tougher than ever

Bitcoin’s 10% Drop Shrugged Off – Traders Expect More Big Dips On the Way Up

4.8.2020
Bitcoin investors are shrugging off the recent drop in value that saw a loss of over 10.9% on Sunday. A number of speculators believe the price is still very bullish but expect some more big dips along the way. Meanwhile, optimism has been cushioned as onchain statistics show that exchange...