Monthly Archives: June 2020

Bitmain’s Cofounder Accused of Hindering Next-Gen Bitcoin Mining Rig Shipments

On June 11, 2020, regional reports disclosed that the cofounder of Bitmain, Micree Zhan, is still battling with Jihan Wu in an ongoing feud. The quarrel is allegedly causing shipment problems for customers, as reports note that Zhan is prohibiting deliveries stemming from the company’s Shenzhen factory. Bitmain Cofounder Micree Zhan Accused of Causing Mining Rig Shipment Delays Stemming from the Firm’s Shenzhen Factory An account from the financial columnist, Vincent He, explains that the two cofounders of Bitmain continue to feud over the company’s operations. The […]

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Top 5 Cryptocurrencies to Watch This Week: BTC, XTZ, XLM, ADA, NEO

Bitcoin is likely to make a decisive move in the next few days and start a trending move that could remain in force for a few weeks. Takeshi Fujimaki, a former adviser to George Soros, has said that Paul Tudor Jones is attempting to capture the big trend. According to Fujimaki, Jones’ recent investment into Bitcoin (BTC) indicates that he is concerned about inflation and believes that cryptocurrencies could benefit in such an environment. Following the recent growth and popularity of Grayscale’s Bitcoin Trust security in the […]

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Turkish Stablecoin Issuer Predicts New Blockchain Regulations

The co-founder of Turkish stablecoin project BiLira predicts that Turkey’s government will soon introduce new regulations for blockchain within the next year. The co-founder of BiLira (TRYB), the first stablecoin pegged to the Turkish Lira, is predicting that Turkey will announce a new regulatory framework for blockchain “within the next year.” In an interview with Cointelegraph, Vidal Arditi, BiLira’s COO and co-founder, predicted that the updated apparatus will be designed “to protect the average guy and the investors and not inhibit the growth of the sector.” Arditi […]

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A Record Number of Investors Are Holding at Least 0.1 BTC

Data posted by Glassnode has revealed that the number of wallets containing 0.1 coins is posting new all-time highs for both Bitcoin and Ether addresses. The number of investors with Bitcoin (BTC) holdings of 0.1 coins or more has broken into new all-time highs. Data published by crypto data aggregator Glassnode on June 13 shows the number of wallets holding 0.1 BTC or more reaching a new record of 3,054,282 — beating out May 21’s previous record by 212 addresses. Addresses holding 0.1 BTC breaks records The […]

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Trading Volumes Can Move Over — The Hottest Metric Is Now Liquidity

By using more accurate market data to rank exchanges, crypto data aggregators will certainly be a step toward a more transparent and decentralized future. Last year, when Bitwise Asset Management sent in its analysis report to the United States Securities and Exchange Commission, it stated that 95% of volume on unregulated exchanges appeared to be fake. This sent shock waves through the cryptocurrency industry. Although, within more professional circles, it was not entirely a surprise. For a long time, exchanges were ranked based on trading volumes, and […]

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Nevermind Coinbase — Big Brother Is Already Watching Your Coins

Government surveillance may be more rampant in the crypto space than most users realize, says a source familiar with ongoing tactics. On June 5, cryptocurrency exchange Coinbase came under fire for its alleged efforts to sell crypto surveillance services to both the U.S. Drug Enforcement Administration and the Internal Revenue Service. In the days since, Coinbase representatives have made it clear that the company’s analytics services do not share any personally identifiable data with law enforcement. They claim to source all data from publicly available information. Big […]

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Someone Is Buying Shares in Grayscale’s Ether Trust for More Than $2,000

Grayscale Investments’ Ethereum Investment Trust shares are currently trading at roughly 150% of ETH’s all-time price high, signaling strong institutional demand. Shares in Grayscale Investments’ Ethereum Investment Trust, or ETHE, are trading at a 750% premium over the market rate of their underlying asset on the secondary markets, according to data published by crypto analysis firm Messari. The premium on Grascale’s fund has aggressively widened since the start of the year, with ETHE shares trading at 220% the spot price of Ether (ETH) in February. The trust […]

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Bitcoin Price Near ‘Monster Move’ After Weeks of Range Trading — Analyst

Traders say Bitcoin is due for highly volatile price action in the near-term as the price approaches a pivotal point. The price of Bitcoin (BTC) has seen low volatility throughout the past six weeks, hovering in the $9,300 to $9,900 range for most of the time. This has led traders to warn that it is likely to cause a massive price movement in the near-term. Over the last 12 months Bitcoin has seen two extended ranges. One was in June 2019 and the other in December 2019. […]

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Filecoin Mainnet Launch “Is on Track”

Filecoin’s mainnet is on pace, with its testnet competition possibly commencing in July. After releasing details of its testnet competition several days ago, Filecoin business development staff Angie Maguire said the project’s mainnet is on pace for this summer. “The Filecoin mainnet is on track for our launch window July 20 to Aug. 20,” Maguire told Cointelegraph via email correspondence on June 10, pointing back to the project’s public roadmap.  Filecoin will run a testnet competition, starting soon Filecoin, a blockchain-based data storage project, announced its upcoming […]

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Documents Show Craig Wright Claims to Own a Bitcoin Address With 80,000 BTC Stolen From Mt Gox

On June 12, 2020, the former CEO of Mt Gox, Mark Karpeles, tweeted about the notorious Craig Wright, the man who claims to be Satoshi Nakamoto. Karpeles and a number of crypto community members, assert that Wright’s legal team from London has been sending documents to certain individuals. The documents ostensibly stem from the law firm, SCA Ontier, acting on behalf of the “Tulip Trust.” The assertion notes that Wright claims to be the owner of a bitcoin address with stolen Mt Gox funds. Craig Wright and […]

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