July 7, 2020

Bitcoin Remains in Firm Bull Territory as Buyers Defend Critical Support

Bitcoin has remained in firm bull territory over the past several weeks, despite it showing some signs of immense weakness Much of the benchmark cryptocurrency’s current strength comes from its ability to hold above its SMA50 One analyst believes that this is the level that will determine the crypto’s future in the days and weeks ahead He also notes that some hidden bullish divergences are working to counter the weakness stemming from BTC’s “somewhat defined” downtrend and its lack of momentum Bitcoin has been caught within the throes of one of the most prolonged bouts of sideways trading it has seen in years. Since the start of May, BTC has been establishing a trading range between $9,000 and $10,000. Each journey outside the boundaries of this range has proven to be fleeting, and in recent weeks its volatility has cratered […]
July 7, 2020

How Apple’s COVID Policy Limited a Public Health App in Taiwan

Bitmark’s experience in Taiwan raises questions about censorship and access in the age of COVID-19.
July 7, 2020

DeFi Driving Chainlink’s Link Token to Record Highs

The ever-increasing use of Chainlink’s price oracles in decentralized finance is driving the cryptocurrency higher, according to analysts.
July 7, 2020

CFTC Is Waiting on SEC to Allow Futures Trading of More Digital Assets, Says CFTC Chairman

Chairman Tarbert of the CFTC wants to see more clarity on which tokens are securities within the U.S. as well as broader international cooperation on regulation.
July 7, 2020

Future Bleak for Private Stablecoins, SFB Economist Says

SFB Technologies’ chief economist sees a future for central bank digital currencies, or CBDCs, but not for privately issued stablecoins.
July 7, 2020

Cardano’s ADA is Either #6 or 7 By Market Capitalization — Depending on Who Counts

Cardano’s ADA may have passed Bitcoin Satoshi Vision in market capitalization, the caveat is how should treasury coins be qualified.
July 7, 2020

Canadian Cleaner Falls Victim to Elaborate Crypto Scam

Another crypto scam is in the books. A 50-year-old cleaner in Canada named Jocelyn has been cheated out of her entire life savings after being convinced to send her crypto funds to fraudulent parties. How a Canadian Cleaner Fell Victim to a Crypto Scam Jocelyn worked for Sean Moore, a semi-retired lobbyist who spoke on her behalf. Discussing the crypto scam, he stated: It’s a tragedy in this particular case, a scandal in the broader one. Jocelyn had roughly $10,000 in crypto assets that she had saved up throughout the years. She came to Canada from the Philippines roughly eight years ago to give herself and her daughter a better life. She worked several jobs as a cleaner and put away everything she could. One specific day – which at first seemed normal – turned into one that will likely […]
July 7, 2020

Market Wrap: With Low Volatility, Traders Seem to Like $9,000 Bitcoin

Bitcoin traders love hitting buy on their terminals when the price is around $9,000.
July 7, 2020

The Popular Stablecoin Tether Is Now Circulating on the Bitcoin Cash Network

The most popular stablecoin tether (USDT) has officially been minted on the Bitcoin Cash blockchain via the Simple Ledger Protocol (SLP). At press time there’s only 1,010 SLP-based USDT in circulation, as the firm Tether Limited seems to be issuing small amounts and testing the SLP framework. Tether (USDT) is the king of stablecoins in the crypto economy and according to the company’s transparency page, there are more than $9.8 billion tethers in existence. The stablecoin is a token that is also hosted on a number of blockchains including the Ethereum network, Omni Layer, Algorand, Tron, Liquid, and the EOS chain. Not too long ago, news.Bitcoin.com revealed that tether (USDT) was migrating some coins over to the Bitcoin Cash (BCH) blockchain via the Simple Ledger Protocol. Tether Limited’s transparency page now shows that the company has been minting and testing […]
July 7, 2020

Bitcoin Options Data Shows Investors Betting on $50K BTC Price in 2021

Traders are placing large bets on $50,000 Bitcoin options for June and December 2021, but what are the chances of BTC price reaching this level by then?
July 7, 2020

Nearly $60M in Bitcoin Moved to Ethereum in June

Nearly $60 million worth of bitcoins moved to Ethereum during June, 75% of which came through Wrapped Bitcoin.
July 7, 2020

Global Compatibility Is A Key Factor In The CBDC Race, Says Expert

CBDCs will have to be internationally interoperable to become globally adopted, says a Hong Kong University expert.
July 7, 2020

Could a Cardano & Litecoin Team Up Be in the Works?

Cardano’s founder wants to posse up with Litecoin’s founder.
July 7, 2020

Cardano (ADA) May Be Forming a Macro Top Despite Surging 400% Since March

Cardano has been caught within an intense rally over the past few weeks, surging amidst a flurry of positive news This rally has allowed it to set fresh yearly highs today, and in the near-term, it appears that it will continue climbing higher It is important to note that it is quickly navigating up towards a massive high time frame resistance level The selling pressure here may be insurmountable and could spark a selloff This comes as one analyst is noting that he believes the crypto is flashing some signs of forming a macro top formation Cardano (ADA) has been one of the strongest top digital assets over the past several days and weeks, finding itself caught within an intense uptrend that has allowed it to climb by over 400% from its mid-March lows. This strength has largely come about […]
July 7, 2020

Chainlink Rises 15% Amid China’s Blockchain Network Launch

LINK token experienced a massive price surge as China’s national blockchain network activated 135 nodes with integrated Chainlink price oracles.
July 7, 2020

South Korea Considers Blockchain-Run Free Trade Zone

The South Korean government considers a free trade zone for industrial hemp run on a blockchain-based platform.
July 7, 2020

New Kyber Upgrade Deployed to the Ethereum Mainnet

Kyber Network recently put KyberDAO and a protocol upgrade into play.
July 7, 2020

Dev Outlines Three Requirements for Decentralizing Gaming

A veteran game developer discussed how and why the gaming industry can be decentralized at the Unitize conference.
July 7, 2020

HitBTC Now Offers Margin Trading, iOS Application Released

HitBTC, one of the leading digital asset exchanges in terms of market liquidity and trading pairs,  has rolled out margin trading for its main platform. This new feature allows users to open positions of a larger size with a smaller initial deposit by using additional funds that are provided by a margin lender. The platform has also released a mobile version of its trading platform for iOS devices. Available in the App Store, HitBTC for iOS joins the exchange’s Android application among its mobile options. Margin Trading for All Devices To open a margin trade, users will only have to put forward the collateral, which is equivalent to a particular percentage of the full value of the position. Margin trading is available for the same order types HitBTC offers to its users for seven crypto pairs: BTC/USDT, ETH/USDT, BCH/USDT, XRP/USDT, […]
July 7, 2020

Hacker Group Amassed $7M in Crypto by Selling Stolen Credit Cards

Hackers profited over $7 million by selling the data via dark web.
July 7, 2020

Hey, Big Spender! Don’t Steal My BTC

A new bug dubbed “Big Spender” has made its way into several popular bitcoin wallets. Big Spender Is Here to Take Your Crypto Big Spender is a double spend hack that gives users the idea that they have received money when in fact, they have not. Instead, the person who has ultimately overtaken the transaction and the wallets in question has intercepted the crypto transaction and stolen the money and replaced it. This ultimately prevents the receiver from accessing their wallet and utilizing their funds while the hacker works to redirect them to a wallet in his (or her) control. The problem was discovered by Zen Go, a Tel Aviv-based bitcoin and cryptocurrency enterprise. Representatives claim that the problem may have been integrated into millions of individual BTC and crypto wallets. Among the wallets known to be affected at the […]
July 7, 2020

Central Banks Cannot Print Jobs: Understanding Real Economic Recovery, Feat. Daniel Lacelle

A leading economist shares why crisis-time central bank policies are saving zombie companies while hurting small businesses and startups.
July 7, 2020

Twitter Users Can Now Send Crypto to Each Other With Torus

A private key management startup, Torus, enables social media users to send crypto using Twitter and GitHub handles.
July 7, 2020

SEC’s Cryptomom Peirce Believes US Capital Markets Can ‘Transform People’s Lives’

SEC Commissioner Hester Peirce wants to see new crypto projects get a fair shake at U.S. capital markets.
July 7, 2020

Chainlink Price Hits A New All-Time High — Will Tezos (XTZ) Follow?

Tezos price looks ripe to follow in Chainlink’s footsteps for a massive rally and even new all-time highs given the correlation of these two cryptocurrencies.
July 7, 2020

Escalating Bank Runs Spur Chinese Government to Require Approval for Large Cash Transactions

A series of bank runs has prompted the Chinese government to begin requiring approval for large cash deposits and withdrawals at commercial banks, starting with banks in a northern province. Recently, two bank runs happened within a week as people lost faith in financial institutions amid unprecedented economic contraction. China’s Efforts to Prevent Bank Runs China has launched a measure aimed at curbing bank runs. Starting July 1, residents of the northern province of Hebei are required to “apply for approval if they plan to make large cash deposits or withdrawals at commercial banks,” the South China Morning Post reported Sunday. The publication detailed: The regulation comes after a series of bank runs in the past year at debt-laden small lenders and as an unprecedented pandemic-related economic contraction starts to take a toll. Residents “will need to provide information about […]
July 7, 2020

Major Car Companies Get Creative Before Next Crypto Bull Run

Luxury car company Rolls Royce announced a line of cars hosting blockchain puzzles, shortly after Lamborghini revealed a yacht.
July 7, 2020

Analyst: Bitcoin Needs to Push Past $9,600 to Avoid a Brutal Decline

Bitcoin now appears to be entering another consolidation phase around $9,300 Its buyers have been unable to surmount the resistance that exists around this price level Each attempt to break above it has been met with an influx of selling pressure that forces it lower As for what may come next, analysts are noting that it is imperative that buyers step up and force the benchmark crypto higher if they are to catalyze any further momentum $9,600 is the crucial level to watch, according to one trader Bitcoin has been caught in the throes of an intense bout of sideways trading throughout the past two months, and its trading range has only been tightening in recent times. It now is caught within a channel between $9,000 and $9,300, and buyers have been unable to shatter the resistance at the upper […]
July 7, 2020

The US Secret Service Issues Ransomware Warning

The US Secret Service issued a security alert about ransomware attacks.
July 7, 2020

Delta Exchange Predicts $40 Price for COMP Ahead of Governance Token Deluge

One startup has done the math and thinks the true value for Compound’s COMP token right now should be more like $40.
July 7, 2020

DeFi Lending Platform Enables No-Collateral Loans With New Feature

The Aave decentralized finance protocol new feature lets users borrow money without posting collateral.
July 7, 2020

Congress Is Once Again Discussing a Digital Dollar

The U.S. Senate Banking Committee is back to discussing bitcoin, stable coins, and a potential digital dollar. Is a Digital Dollar Heading Back to the Drawing Board? The idea of a digital dollar first made its way into Senators’ minds when the $2.2 trillion stimulus package was introduced in late March. Many regulators and lawmakers thought a digital dollar that could potentially be deposited straight into peoples’ bank accounts would be a better way of handling distributions over paper checks, as these would arrive by mail and could potentially lead to further COVID contamination. The digital dollar did not come to reality then, but perhaps the future has some sort of hidden pathway it’s yet to reveal. Chairman of the committee Mike Crapo – a Republican Senator from the state of Utah – says that the spread of the coronavirus […]
July 7, 2020

Crypto ‘OG’ Thinks Altcoins Will Outperform BTC in the Near Future

The founder of the first crypto venture capital firm believes that altcoins will eventually provide better returns than Bitcoin.
July 7, 2020

Legal Implications of Secondary SAFT Sales, Part 1

Part 1 of this series covers the legal implications associated with the sale of SAFTs and different approaches to legal interpretations of tokens.
July 7, 2020

Lightspeed Venture Invests $2.8M in Crypto Market Maker Wintermute

Funding will go towards expanding its liquidity products across the crypto derivatives market.
July 7, 2020

Bitcoin Double-Spends an Inevitable Network Feature, Legitimate or Not

Reports of double-spending keep plaguing crypto firms and investors alike. Will this issue ever be resolved, or is it here to stay?
July 7, 2020

Blockchain Bites: Crypto’s Bailout Millions, Brazil’s Binance Ban, Lightning’s Bug

Crypto firms received at least $30 million in government-backed loans, Brazil bans Binance’s derivatives trading and Mercedes Benz’ parent tests blockchain.
July 7, 2020

Careful! There’s a Justin Sun Look-a-Like Trying to Launch a Fake Tron Privacy Coin

Someone impersonating Tron CEO Justin Sun recently tried luring investors into buying a fake Tron privacy asset as part of a token sale offering.
July 7, 2020

Tiktok Ban: US May Join India in Banning Chinese Social Media Apps

The Trump administration is looking at banning Tiktok and other Chinese social media apps, according to Secretary of State Mike Pompeo. The US has been concerned about Tiktok being used by the Chinese government to mine American users’ data. India has already banned Tiktok in its country, along with 58 other mobile apps. US Considers a Ban on Tiktok U.S. Secretary of State Mike Pompeo said on Monday in an interview with Fox News’ Laura Ingraham that the Trump administration is “looking at” a ban on Tiktok and other Chinese social media apps. Lawmakers have long expressed concerns that the popular video-sharing social networking service could be used by the Chinese government to harvest data from American users. Responding to a question about whether the United States should look at banning Tiktok and other Chinese social media apps, Pompeo told […]
July 7, 2020

Bitcoin News Roundup for July 7, 2020

With BTC beating precious metals, Ethereum rising and a new report out on a lightning network vulnerability, CoinDesk’s Markets Daily is back for your Bitcoin news roundup!
July 7, 2020

‘Katalyst’ protocol upgrade and new KNC token model goes live on Kyber Network

Kyber Network, a liquidity protocol that aggregates on-chain liquidity and enables decentralized token trading in any application announced today, the launch of the Katalyst protocol upgrade to better meet the liquidity needs of the entire decentralized ecosystem. The KyberDAO, as well as changes to the KNC (Kyber Network Crystal) token model to align incentives from […] CryptoNinjas: ‘Katalyst’ protocol upgrade and new KNC token model goes live on Kyber Network
July 7, 2020

FATF Plans to Strengthen Global Supervisory Framework for Crypto Exchanges

The international financial watchdog will meet in October to discuss creating a stronger global framework for the regulation of cryptocurrencies.
July 7, 2020

Binance Expands Reach With New Gateway for 15 Fiat Currencies

Binance users can keep their fiat funds with new partner Etana while buying and selling crypto assets on the exchange.
July 7, 2020

Crypto Tracer Chainalysis Raises $13M as It ‘Doubles Down’ on Government Ties

Chainalysis is also adding former Treasury Department official Sigal Mandelker on as an advisor.
July 7, 2020

Gelato Gives Developers a New ‘Money Lego’ Tool for DeFi Applications

Decentralized exchange Gnosis will be the first major platform to integrate Gelato’s audited v1 transaction automator for token swaps on Ethereum’s mainnet.
July 7, 2020

Bitcoin.com Wallet Launches New Portfolio Breakdown and Stablecoin Swap Features

With over 11 Million Bitcoin.com Wallets created, we’re building new features our users need most in order to enjoy the best possible cryptocurrency experience. Our wallet’s latest features now provide seamless swaps between bitcoin (BTC), bitcoin cash (BCH), and the stablecoin honestcoin (USDH). Moreover, Bitcoin.com’s new portfolio breakdown allows users to manage their assets with ease. Bitcoin.com is the premier destination for all your bitcoin needs with crypto-infused tools, the hottest digital currency news, a gaming platform, educational resources, and a powerful noncustodial wallet. This week Bitcoin.com is pleased to reveal two new features that have been added to the noncustodial bitcoin (BTC), bitcoin cash (BCH) wallet, alongside Simple Ledger Protocol (SLP) token support. The new portfolio breakdown provides Bitcoin.com Wallet users with asset distribution and SLP pricing according to the July 3, 2020 release notes. Additionally, “improved swap support” […]
July 7, 2020

Economist Warns of 1929-Like Second Leg Down; Will Bitcoin Follow?

Bitcoin has been tightly correlated with the stock market since the start of 2020. If a warning from a global economist comes true, and the correlation between crypto and stocks remains, a second-leg down could be imminent. Economist Warns Of Second-Leg Down In Stocks, As Much As A 40% Drop The current economic contraction is the worst in years. The jobless claims have already surpassed that of the Great Recession. And the Fed has already printed far more money this time around in an effort to keep a larger crash at bay. Thus far, attempts to stimulus recovery in the economy have worked well. The trillions in stimulus money have helped the stock market form a sharp, V-shaped recovery. Most major stock indices are trading near all-time highs. Single tech stocks set new records this week. Surprisingly, the stock market […]
July 7, 2020

Trump’s Former Sanctions Chief Joins Major Crypto Firm Chainalysis

U.S. Treasury’s former key undersecretary, Sigal Mandelker, has joined the board of advisors of major crypto analytics firm, Chainalysis.
July 7, 2020

The Three Most Controversial Bitcoin Price Models and What They Predict

Many are highly critical of the three highly popular models used widely by Bitcoin analysts — stock-to-flow, Hyperwaves, and Elliott Waves.
July 7, 2020

With Chat Privacy Under Threat in US, Firm Develops ‘100% User-Controlled’ Messaging

Unstoppable Domains is working to give users full control over their chat data with a new decentralized protocol.
July 7, 2020

Monaco Passes New Security Token Laws, but Acting on Them Is Not Easy

The government of Monaco has passed a new bill introducing the establishment of a security token framework.
July 7, 2020

Weed Out the Soviet-Era Ponzi Scheme Eating Ethereum

The MMM Ponzi scheme accounts for 10% of Ethereum’s transactions and 50% of Paxos’s. It’s time the Ethereum community did something about it.
July 7, 2020

Ethereum Activity Metric Hits Highest Level for 2 Years

The number of active ether addresses just clocked a recent high, possibly thanks to its growing role in decentralized finance.
July 7, 2020

Unstoppable Domains Launches Decentralized Chat Protocol

Unstoppable Domains’ new chat protocol enables users to store data on their own servers through crypto wallets and P2P network integration.
July 7, 2020

First Mover: Even Bank of America Acknowledges China Winning Digital-Currency Race

BoA researchers anticipate that China’s digital yuan might make a dent in the greenback’s global hegemony.
July 7, 2020

Web 3.0 Will Drive Decentralized Business Models, Says Blockchain Exec

Kevin Chou discussed how content creators could build their own virtual economies with blockchain technology.
July 7, 2020

Binance Acquires Crypto Debit Card Provider Swipe for Undisclosed Sum

Binance said Tuesday that the Swipe acquisition, which is already available in 31 countries, could significantly improve crypto adoption globally.
July 7, 2020

A Crucial Bitcoin Indicator Just Broke Out After an 8-Week Correction

Bitcoin has been subject to a healthy rally over the past day. After moving below $9,000 on the weekend in a move that scared bulls, BTC now trades at $9,300. This is a few basis points below the daily high of $9,400. While the cryptocurrency remains below the $9,500 resistance, an analyst says that a crucial indicator just underwent a crucial breakout. A Bitcoin Indicator Just Saw a Crucial Breakout Bitcoin has benefited over the past 24 hours from a surge in global risk assets. As reported by Bitcoinist previously, Chinese stocks hit a new all-time high during Monday’s trading session. Both the Shanghai Composite index and the FTSE China A50 index passed their 2015 “mania highs,” gaining 5% apiece. U.S. stocks followed suit, with Amazon surmounting $3,000 for the first time ever as the S&P 500 ticked higher. Bitcoin, […]
July 7, 2020

Binance Expands Fiat Gateway to Support 15 New National Currencies

Binance added support for the new currencies through a partnership with crypto asset and fiat money institutional custodian Etana Custody.
July 7, 2020

Major Indian Farmer Producer Organization to Use Blockchain for Supply Chains

One of India’s largest farmer producer organizations plans to use blockchain to help farmers receive higher pay.
July 7, 2020

OpenPayd unveils its new crypto banking and payments solution

OpenPayd, an API-led Banking-as-a-Service provider, today unveiled its banking and payments solution for digital currency businesses. The proposition provides cryptocurrency businesses with access to a range of banking and payments networks, at a time when exchanges have been experiencing their highest trading volumes. From a single API, OpenPayd’s Banking-as-a-Service platform provides crypto businesses with access to: […] CryptoNinjas: OpenPayd unveils its new crypto banking and payments solution
July 7, 2020

Bitmain Pulls Schrödinger Act as Power Struggle Reaches New Heights

Bitmain is having a Schrödinger moment as official accounts make contradictory statements on payment details.
July 7, 2020

Binance users offered new fiat gateway through Etana Custody

Binance, the blockchain company behind the world’s largest crypto asset exchange by trading volume and users, today announced a new fiat gateway that provides deposit service for 15 fiat currencies through a partnership with Etana Custody Ltd. Etana Custody is a secure third-party custodian of fiat and digital assets for institutional clients and accredited investors […] CryptoNinjas: Binance users offered new fiat gateway through Etana Custody
July 7, 2020

Crypto Exchanges See Big Drop in Volumes as Bitcoin Volatility Approaches 2020 Low

Crypto exchange volumes could continue falling should volatility remain at these low levels, said CryptoCompare CEO Charles Hayter.
July 7, 2020

Fund Manager Explains Why Ethereum Rivals Will Significantly Outperform ETH

Ethereum has been the leading smart contract blockchain for years now. The blockchain’s native cryptocurrency, ETH, has a native market capitalization in excess of $25 billion. $25 billion is an order of magnitude higher than the market capitalization of Cardano’s ADA, $2.5 billion. Cardano, of course, is Ethereum’s primary competitor. And $25 billion is two orders of magnitude higher than the value of Zilliqa (ZIL), another competitor. Despite the asset’s dominance, analysts see Ethereum losing market share to competitors in the years ahead. Here’s why, as explained by a fund manager. Why Ethereum Could Lose Market Share Against Competitors A managing partner at BlockTower Capital, Joseph Todaro recently explained why “many little-known Ethereum rivals will significantly outperform ETH” this cycle. He released a multi-part thread on the matter on July 6th to convey this sentiment. The uncomfortable truth: over the next […]
July 7, 2020

Germany Seeks to Expand Digital Efforts at FATF as It Takes On Watchdog’s Presidency

In a recently published paper, new FATF President Dr. Marcus Pleyer outlined the objectives for his two years as president of the global AML watchdog.
July 7, 2020

Ethereum Price Analysis: ETH Signaling Strong Rally Above $245

Ethereum price is now trading in a positive zone above the $234 pivot level against the US Dollar. ETH price is currently correcting lower from $244, but it is well above the $235 level. There was a break above a crucial bearish trend line with resistance near $230 on the 4-hours chart (data feed from Coinbase). The pair could correct lower, but the $234 and $232 levels are likely to protect heavy losses. Ethereum price is trading with a bullish bias above $234 against the US Dollar. ETH/USD must stay above $232 to continue higher towards the $250 and $255 levels. Ethereum Price Analysis In the past few days, Ethereum price formed a strong support base above the $222 level against the US Dollar. ETH price started a fresh increase and surpassed the $228 and $230 levels to move into […]
July 7, 2020

Dogecoin Gains 20% Amidst TikTok Pumping Challenge

Dogecoin has surged almost 20% this week, possibly due to a viral TikTok challenge that encourages users to get rich should the coin’s price hit $1.
July 7, 2020

Bitcoin Hash Rate Hits Record Average High Defying BTC Price Bears

Seven-day average hash rate passes 123.4 EH/s for the first time as network fundamentals defy bearish price action.
July 7, 2020

Neo Founder Says Next-Gen Internet Will Break Up Tech Giants’ Data Silos

The founder of blockchain platform Neo, Hongfei Da, discussed the importance of next-generation internet at Unitize.