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Despite Stock Market Disaster Predictions, Bitcoin Markets Permeate Bullish Signals
24.7.2020
A number of Wall Street veterans like Bear Traps Report author, Larry McDonald, think that markets might see some “disastrous and unimaginable” impacts in the near future. Another seasoned analyst, Larry Williams, believes the S&P 500 will shudder after July 28. Despite the pending...
New Russian Law Bans Bitcoin Payments for Goods and Services
24.7.2020
Russian lawmakers have passed a bill that gives legal status to cryptocurrencies such as bitcoin – but bans them from being used to pay for goods and services. Legislators approved the Digital Financial Assets (DFA) bill on July 22 after its third and final reading. It had already won backing...
Crypto Race Heats Up: Bitcoin’s Dominance Ratio Drops to Lowest Level in 12 Months
24.7.2020
The largest digital asset by market capitalization, bitcoin has lost a significant share of market dominance during the last few weeks. Bitcoin’s dominance ratio dropped to 61.5% on Thursday, after hovering around 66% for months on end. The last time the crypto asset’s dominance level...
Ether Stalls After 8% Rally as Exchange Inflows Spike
23.7.2020
Ether is struggling to extend Wednesday's price rally amid increased inflow of ether onto cryptocurrency exchanges
South Korea to Charge 20% Tax on Bitcoin Profits Under New Law
23.7.2020
South Korea will now tax profits made from buying and selling of cryptocurrency at 20% after the government agreed to the decision on Wednesday. The decision was reached after months of debate. According to a taxation policy amendment notice released July 22, the Ministry of Economy and Finance...
Coinsquare’s Leadership Forced Out After Wash Trading $5.5B
22.7.2020
The CEO, President, and the COO of Canadian exchange Coinsquare have stepped down following an agreement with the Ontario Securities Commission
Robinhood, Under Cloud After User’s Suicide, Scraps UK Launch
21.7.2020
Stocks, ETFs and crypto investment platform Robinhood told prospective UK customers the launch in the country has been indefinitely postponed
Y Curve Interest Rates Reach 2,000%, Assets Under Management Grows Tenfold After Token Launch
21.7.2020
Depositors to the Y Curve decentralized finance (defi) pool received as much as 2,000% in interest this Saturday and about 600% (annualized) for the entire day. Before this increase, liquidity providers had been earning an aggregate rate of 10.58%. The latest interest rate growth follows Yearn...
Analysts Claim Bitcoin’s 76 Day Stability ‘Bullish’: Hash Ribbons Cross and 2016 Patterns
21.7.2020
The price of bitcoin has been very stable lately, and the crypto asset has been trading in a less volatile range just above $9k per coin for 76 consecutive days. After the third halving, the price of bitcoin has also been far more stable, in contrast to the price action after the second halving....
CME Bitcoin Options Flatline After Record Growth in June
20.7.2020
Less than 0.2% of Friday's daily options trading happened on CME, according to data from Skew
Coincidence? Top 5 Swiss Bank’s Profits up 34% After Bitcoin Integration
20.7.2020
Julius Baer, a top-five Swiss bank, saw its net profit climb by 34% in the first half of 2020, a period during which it began offering digital assets like Bitcoin to its clients
Bitcoin Mining Firm Northern Data Slams ‘Trolls’ After Stock Drops 40%
18.7.2020
Northern Data’s head of finance calls whistleblowers “anonymous trolls” and says that the company is completely transparent
Best Defi Interoperability Solutions – Exploring Fusion vs Cosmos vs Polkadot
17.7.2020
After the famous bull market of 2017, the cryptocurrency market experienced a very long and harsh bear market. Whilst this makes for a complicated period for investors, it’s not a complete tragedy; even if prices have been disappointing, fundamentals, on the other hand, have never been...
Algorand Spikes 30% After Surprise Coinbase Listing
17.7.2020
Algorand’s market capitalization has hit a new all-time high after a sudden Coinbase listing sparked the third-strongest day of trade in the coin’s history
Two Teens Arrested After Paying Bitcoin to See Livestream Murder on Dark Web
16.7.2020
The deep-web website allowed users to pay extra to decide what torture the children would be subject to next
After the Twitter Hack, We Need a User-Owned Internet More Than Ever
16.7.2020
Decentralized social media systems are still immature, but "as of yesterday, we can no longer claim they are a solution searching for a problem."
Binance CEO Criticizes Twitter Security After Coordinated Attack on Prominent Accounts
16.7.2020
Talking to CoinDesk at the World Blockchain Summit Asia on Thursday, Chanpeng "CZ" Zhao called Twitter's security "weak" after a wave of account breaches Wednesday
Tradeoffs and Shifting Complexity
16.7.2020
This is a masterclass from Dave:
After you hit the wall of unremovable complexity, any “advances” are a shell game, making tradeoffs that get passed down to the user … you get “advances” by shifting where the complexity lives.
You don’t get free reductions in complexity. In CSS land...
Investor Charged in US After Obtaining Covid-19 Relief Loan to Trade Cryptocurrency
15.7.2020
The U.S. has charged an investor after he obtained two loans worth over $1.1 million from the Paycheck Protection Program (PPP) intended for covid-19 relief and used some of the money to invest in cryptocurrency. He was taken into custody on allegations he fraudulently obtained the loans. Crypto...
Bitcoin Finally Gets Into NASCAR, 6 Years After Dogecoin
15.7.2020
Source: Twitter, @jack
After an unsuccessful attempt in 2014, the Bitcoin (BTC) logo has finally found its place (a small one) in NASCAR, the US prime auto-racing franchise, after mobile payment service Cash App, which also supports BTC trading, inked a multi-year deal with Richard Petty...