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As Gold Touches New Highs Investors Face Storage Issues, Market Dilution, Threat of Seizures
31.7.2020
During the last few weeks, gold has skyrocketed in value over the concerns fueled by the faltering global economy. Despite the fact that gold has always been a safe-haven, many investors are looking to bitcoin because they fear central banks will dilute the market or even confiscate the gold. Prior...
$1.2B Bitcoin Futures and Options Contracts Just Expired — What’s Next?
31.7.2020
$1.2 billion in Bitcoin futures and options expired today, what does this mean for BTC price?
Bitcoin News Roundup for July 31, 2020
31.7.2020
With the dollar dropping to its lowest level since May 2018 and a reshuffle in Japan's central bank, CoinDesk's Markets Daily is back
USD 1m Rich Bitcoin Addresses Up 38%, KR1 Made USD 2.6m + More News
31.7.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Crypto adoption news
After a recent bitcoin (BTC) rally, the number of BTC addresses holding at least USD 1m has surged by 38% to around 18,000...
Chinese Police Take Down $6 Billion Plustoken Ponzi, Arrest 109 People
31.7.2020
Chinese authorities have reportedly arrested 109 people in connection with the Plustoken Ponzi scheme. Twenty-seven of them are allegedly the scheme’s masterminds and 82 are key members. The Plustoken scammers have swindled funds worth about $5.7 billion from more than 2 million investors....
pTokens project launches pNetwork DAO with staking rewards of 42% APR interest
31.7.2020
London, Friday 31st July 2020 – The pTokens project has today launched the pNetwork DAO, giving holders of the governance token $PNT the opportunity to help govern and influence the future of the DeFi cross-chain solution. pTokens make every cryptocurrency compatible with every blockchain...
Coinbase Mulls Listing Ampleforth, Paxos Gold, Wrapped Bitcoin & More
31.7.2020
US-based major crypto exchange Coinbase said it is exploring an additional list of 19 cryptoassets that might be offered to their clients in an unspecified future.
These assets include:
Ampleforth (AMPL)
Band Protocol (BAND)
Balancer (BAL)
Blockstack (STX)
Curve
Fetch.ai (FET)
Flexacoin...
Bitcoin Price Climbs to $11,200, But Three Factors Hint at a Pullback
31.7.2020
The price of Bitcoin spikes to $11,200 but three key factors suggest that a short-term pullback is likely as the BTC rally becomes overheated
Indian Government Confirms Crypto Bill Is ‘Awaiting Approval’
31.7.2020
The Indian government has confirmed in a Right to Information (RTI) reply that the inter-ministerial committee’s cryptocurrency bill is “awaiting approval of the government.” The bill is currently being examined by various ministries. Indian Government’s Confirmation...
Bitcoin on Track for Highest July Price Gain in 8 Years
31.7.2020
Bitcoin appears on track to register its best July price performance for eight years and confirm a major bullish breakout in the process
Twitter Releases Details of Attack Vector Used by Crypto Hacker
31.7.2020
Twitter has published an update on its investigation into the causes of the recent hack, during which 12 Bitcoin was conned out of the platform’s users
Bitcoin Trading Is Booming in Uncertain Russia, With 350% Spike in New Users on Paxful
31.7.2020
Bitcoin trading is growing in Russia. That’s despite attempts by the government to make it difficult for investors to do so. For years, Russian lawmakers have blown hot and cold over cryptocurrency regulation, creating an atmosphere that has often left the entire digital asset industry in...
Chinese Arbitration Body Says Crypto Crackdown ‘Isn’t a Bitcoin Ban’
31.7.2020
Beijing’s local arbiter has attempted to clarify the government’s stance on bitcoin (BTC) – and stated that the world’s most notorious crypto ban is not exactly a “ban” per se.
In an unprecedented move from a Chinese legal body, the Beijing Arbitration Commission (BJAC) – one of nine local legal...
Bitcoin and Altcoins Start Fresh Increase, Ethereum Outperforms
31.7.2020
Bitcoin price remained stable above the USD 10,800 support and recently started a steady rise. BTC surpassed the USD 11,050 level and it is currently (08:30 UTC) trading near USD 11,100. The main hurdle on the upside is still USD 11,250, above which the bulls might aim at a new multi-week high...
Stablecoin Cold Storage Backed by Satoshis – Simba is a New Way of Holding Assets in Switzerland
31.7.2020
When it comes to Switzerland, first of all, people have associations with first-class chocolate, delicious cheese, the most precise watches, multi-purpose knives and, of course, a safe place to keep money. New Way of Holding Assets in Switzerland Since the dawn of time Switzerland has been...
Twitter Says It Knows How Hackers Gained Access
31.7.2020
The hackers who got away with BTC 13.14 – worth roughly USD 146,000 – in the infamous Twitter attack on July 15, gained the access they needed by targeting Twitter employees directly through a “phone spear-phishing attack,” Twitter said.
The attackers relied on “a significant and concerted attempt...
Bitcoin to Gold Correlation Rises, Physical Metal Buyers Pay Premium
31.7.2020
After seeing a decline for more than 3 months, the correlation between bitcoin (BTC) and gold is once again on the rise, with the sharpest increase seen in late July as gold, silver, and bitcoin have all soared higher in price. At the same time, investors are forced to pay premium over the spot...
Fidelity Digital Assets Quotes Bitcoin Creator Satoshi Nakamoto in Latest Investment Thesis
31.7.2020
Fidelity Digital Assets (FDA) quotes Satoshi Nakamoto in its latest investment thesis report. The thesis is part of a series of reports examining the perspectives driving interest and investment in bitcoin. FDA is affiliated with Fidelity through parent company Fidelity Management & Research...
Bitcoin an Option, as Dennis Gartman Says He’s Exiting ‘Crowded’ Gold Market
31.7.2020
Gold bull Dennis Gartman is moving out of gold because the market has become “too crowded.” In an interview with Bloomberg on Thursday, Gartman said he was “social distancing” from the precious metal until such a time when the price falls to around $1,775. “Too many...
Bitcoin Cash Games Launches $3K Leaderboard Tournament to Celebrate the 3rd BCH Anniversary
31.7.2020
To celebrate the third anniversary of Bitcoin Cash, the world-class gaming platform Bitcoin Cash Games is launching a leaderboard tournament worth $3k. On August 1, the Bitcoin Cash community will be celebrating the network’s third anniversary and the project has come a long way since 2017....