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DeFi Defied: Five Key Benefits The COV Token Will Bring To Covesting
14.9.2020
In the ever-evolving crypto market that never sleeps, new trends and coins are popping up every passing day. The recent decentralized finance explosion has only hastened the pace at which fly-by-night coins are being created. At the same time, however, the booming bandwagon has also shed light...
Against the Odds, Some Bitcoin Traders Are Betting on a $36K Price by Year’s End
14.9.2020
The Deribit exchange has seen a spike in investors buying the $36,000 December call option despite the market placing low odds on a new record high this year
Bitcoin Whales Using 2020 to Accumulate BTC - Research
14.9.2020
Large bitcoin (BTC) buyers used the market crash in March to increase their holdings while the largest "whales" became most active this past summer, a new report suggested.
After exploring transaction data on the Bitcoin blockchain that happened between January 2020 and the beginning...
Fed, oil and record hash rate: 5 things to know in Bitcoin this week
14.9.2020
BP says world oil demand peaked in 2019 as central banks make “unconventional” policy the norm — and that’s all good for Bitcoin
Bitcoin and Altcoins Dip Remains Attractive To Buyers
14.9.2020
After a decent recovery wave, bitcoin price struggled to continue above USD 10,500. As a result, BTC corrected lower, but the bulls defended the USD 10,200 support. The price is currently (08:30 UTC) rising and it seems like the bulls might attempt another break above the USD 10,550 and USD 10,600...
Sushiswap’s 2 Million Token Airdrop: Founders Face Accusations of ‘Making Defi a Joke Again’
14.9.2020
Sushiswap’s new leader and FTX CEO Sam Bankman-Fried tweeted on September 12 that the promised 2 million token airdrop would go on as scheduled. The process was expected to last up to two hours or less depending on network congestion. The airdrop caps an eventful week for Sushiswap that...
The Moss Piglet Dilemma: Paypal Bans Payments to Merchants Using the Word ‘Tardigrade’
14.9.2020
The popular payment provider Paypal has been known for cutting off a number of merchants and organizations over the years. This week, the public found out that Paypal has been censoring merchants that sell items related to the name “tardigrade” just because a Balkan arms dealer uses...
NFT Economy Grows Exponential: $1M in Non-Fungible Token Sales Last Week
14.9.2020
While a number of people are focused on decentralized finance (defi), the non-fungible token (NFT) industry has also exploded in demand in 2020. Last week, NFT sales soared nearing a million dollars in volume, as the blockchain-based Sorare fantasy soccer card game saw over $221,000 in sales during...
Rapper TI Cryptocurrency Fraud: Charged and Fined $75,000 by SEC
13.9.2020
Rapper TI and four other people, including film producer Ryan Felton, have been charged by the U.S. Securities and Exchange Commission (SEC) over fraudulent token sales. TI, or Tip as the rapper is also known, is also fined $75,000 by the securities regulator. Rapper TI and Film Producer Charged...
Bitcoin hardware devices need to improve to handle complex transactions
13.9.2020
Time for hardware wallet devices to make a difference
Top 5 Cryptocurrencies to Watch This Week: BTC, BNB, NEO, YFI, LINK
13.9.2020
Bitcoin remains stuck in a tightening range but select altcoins may begin moving higher if they bounce off their key support levels
Crypto Long & Short: How Bitcoin Correlations Drive the Narrative
13.9.2020
Noelle Acheson dives into the role of correlation in bitcoin’s narrative and what investor activism coming to crypto could mean for the industry
COVID-19 shook out retail investors but emboldened BTC whales: Report
13.9.2020
Some bought the dip, others decided to wait it out
Apple Censors Some Cryptocurrency and Defi Features of Coinbase App
13.9.2020
Apple Inc. has censored some cryptocurrency features of the Coinbase app. Specifically, Apple has blocked Coinbase from adding to its iOS app the ability to earn money using cryptocurrency and access to decentralized finance (Defi) apps. Apple vs. Coinbase Cryptocurrency exchange Coinbase has been...
Bitcoin price abruptly drops 3% after miner outflows hit 5-month high
13.9.2020
The price of Bitcoin fell by 3% as on-chain data shows miners are starting to sell BTC on exchanges once again
The Tell Tale Signs of a Scam Crypto Website: Bitcoin-Up.Live
13.9.2020
From late March 2020, when the global pandemic Covid-19 paralysed many economies, the appeal of cryptocurrencies has grown. Several statistics show increased interest from downloaded wallet apps to peer-to-peer traded volumes. In many ways, this interest in bitcoin and altcoins is evidence that...
Bitcoin Cash hits new low vs. Bitcoin as Draper deletes Twitter praise
13.9.2020
Bitcoin’s controversial hard fork now buys less BTC than ever before as one analyst warns that buyer support has disintegrated
Tether Recovers $1 Million USDT Sent to Wrong Defi Address by Chinese Traders
13.9.2020
Tether has recovered and returned $1 million worth of USDT to a group of Chinese traders who, in error, sent the funds to a wrong decentralized finance (defi) address. On September 8, the group, going under the moniker ‘Bill,’ “accidentally” transferred the money to a Swerve...
Bitcoin Hashrate Ramps to 130 Exahash Amid Next-Generation Miner Shortage
13.9.2020
Regional reports from China have highlighted that a number of major Chinese ASIC mining rig manufacturers have sold out of their next-generation model stock. The shrinking supply of high-performance machines may be due to the shortage of 7nm and 8nm chips from TSMC and Samsung. Bitcoin miners...
Morgan Stanley Strategist Recommends Bitcoin as Central Banks Ramp Up Money Printing
13.9.2020
Morgan Stanley Investment Management’s chief strategist and head of emerging markets has recommended bitcoin as an alternative investment to stocks amid central banks’ massive money printing policies. He says that alternative assets, like gold and cryptocurrency, could keep doing well...