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South Korean Court Sends Bogus Crypto Exchange Chiefs to Prison
27.8.2020
In what has been a torrid week for South Korean crypto exchanges, the CEO and the executive director of a legitimate-looking trading platform have been sent to jail for three and two years respectively – after a court found them guilty of duping investors with a bogus exchange.
A branch of...
Bitcoin Pops and Drops After Powell Introduces Average Inflation Targeting
27.8.2020
Bitcoin whipsawed on Thursday after the Federal Reserve’s chairman signaled tolerance for high inflation, as expected
DCG to Invest $100M in Bitcoin Mining Venture
27.8.2020
Blockchain investment firm Digital Currency Group has branched into the bitcoin mining industry though a subsidiary called Foundry
Bitcoin price hits $11.6K as Fed says it will let inflation pass 2%
27.8.2020
Loosening of inflation handling boosts Bitcoin in line with expectations that the Fed would inadvertently support safe havens with its decision
New SEC Filing Shows Fidelity Preparing to Launch Bitcoin Fund
27.8.2020
The U.S. Securities and Exchange Commission (SEC) has published a new filing for a bitcoin fund, submitted by Fidelity Investments’ head of strategy and planning. Bitcoin Index Fund Filed With SEC The SEC published Wednesday a Notice of Exempt Offering of Securities (Form D) filing for a...
Chainalysis Report Shows Healthy Crypto Usage in Venezuela
27.8.2020
The Venezuelan government's push to create a cryptocurrency-centric economy appears to be working, but perhaps not in the way officials had hoped
Russia Is Blocking Bitcoin-Related Websites Again
27.8.2020
Russian internet censorship agency Roskomnadzor has persuaded a court to block various crypto sites including a popular bitcoin OTC data provider
First Mover: Monetary Challenges Aren’t Just Virtual as Fed’s Powell Returns to Jackson Hole
27.8.2020
Crypto traders are prepping for a speech by Federal Reserve Chair Jerome Powell in Jackson Hole, Wyoming, where inflation is on the agenda
Bitcoin’s Implied Volatility Falls Sharply Ahead of Jerome Powell Speech
27.8.2020
Bitcoin’s options market foresees little price turbulence in the short-term, even as markets await a key speech from the chairman of the Federal Reserve
Why Bitcoin price may simply shrug at Fed chair Powell’s ‘brrr’ speech
27.8.2020
Fed chair Jerome Powell will give a speech on inflation on Thursday but it may not affect the price of Bitcoin and gold, some commentators argue
Capturing Petahash: Marathon Obtains 3,300 Bitcoin Mining Rigs, Acquires Fastblock for $22 Million
27.8.2020
The Nasdaq-listed cryptocurrency mining company, Marathon Patent Group, has announced it will be purchasing Fastblock Mining in an all stock transaction. The firm’s letter of intent revealed Marathon will acquire Fastblock for around $22 million. The company will obtain 3,304 ASIC bitcoin...
New Zealand Stock Exchange Hit Repeatedly By Cybercriminals Demanding Bitcoin
27.8.2020
NZX has halted trading for the third day in a row as a result of cybercriminals attempting to extort cryptocurrency
Bitcoin and Altcoins Show Recovery Signs But Facing Roadblocks
27.8.2020
Bitcoin price is still holding the USD 11,100 and USD 11,000 support levels. BTC is currently (08:30 UTC) recovering higher, but it is facing a strong hurdle near USD 11,500 and USD 11,550. If there is no upside break above USD 11,550, the price could resume its decline.
Similarly, most major...
Stablecoin metric hints Bitcoin price will rise as buyers snap up BTC
27.8.2020
Stablecoin supply ratio shows much more buying power among stablecoin holders currently, with Bitcoin trailing at $11,400
Mutual Fund Giant Fidelity Reportedly Starting its First Bitcoin Fund
27.8.2020
The US-based mutual fund giant Fidelity is reportedly set to launch their first bitcoin (BTC) fund targeted at high profile investors.
The new filing with sparse details was made public by the Securities and Exchange Commission (SEC), and it revealed that Fidelity's head of strategy and planning...
Paradefi Partners with Bitcoin Indonesian Alliance (BIA)
27.8.2020
Malta-based DeFi solutions provider Paradefi announced on Wednesday that it has partnered with the largest crypto-blockchain community in Indonesia, the Bitcoin Indonesian Alliance (BIA). The partnership is aimed towards creating DeFi awareness in the country and promoting mass adoption. PARADEFI...
Dash Nigeria Takes Digital Currency Education Campaign to Regulators and Key Institutions
27.8.2020
With sophisticated fraud schemes seemingly overwhelming the African crypto market, there is a growing need for players in the space to help fight this scourge. Some are responding through increased educational campaigns, which they hope will not only turn the tide against scammers but will also...
Korean Police Seize Crypto Exchange Coinbit Over Allegations of $84 Million in Wash Trades
27.8.2020
Police in South Korea on Wednesday raided and seized the offices of Coinbit, the country’s third largest crypto exchange, over allegations it faked 99% of its trading volume. According to a report from Seoul News, local police took control of Coinbit’s headquarters in Gangnam as well...
Crypto Exchange FTX Buys Blockfolio for $150 Million in Effort To Expand Retail Presence
27.8.2020
Cryptocurrency derivatives exchange FTX has acquired the popular portfolio tracking app Blockfolio for $150 million in a bid to gain a foothold in the crypto retail market. The deal – consummated after nine months of negotiation – was settled using a combination of cash, crypto,...
What if Satoshi Nakamoto was Satoshi Nakamoto all along?
27.8.2020
Leah McGrath Goodman maintains her belief that Dorian Nakamoto was the founder of Bitcoin