Monthly Archives: July 2020

Cryptocurrency Exchange OKEx Lists Polkadot’s DOT Token

The exchange also plans to launch additional trading pairs in the near future. OKEx has listed the native token of Polkadot (DOT) on its trading platform. According to an announcement shared with Cointelegraph on July 17, DOT spot trading against Tether’s USDT stablecoin on OKEx started at 8:00 AM UTC today. As Cointelegraph recently reported, Pokadot’s technology allows developers to spin up a new blockchain within one hour. Per the announcement, DOT deposits and withdrawals aren’t supported yet, and the tokens can currently only be obtained by […]

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Grayscale Hasn’t Bought A Single Bitcoin in Over 3 Weeks

For several months, Grayscale was buying more Bitcoin than was being mined, but this trend came to a screeching a few weeks ago. Given the rate at which Grayscale usually buys Bitcoin, it seems like the cryptocurrency fund management company was trying to buy every single Bitcoin in existence. But this pattern ground to a halt more than three weeks ago and hasn’t picked up again since. Grayscale Bitcoin Trust Fund (GBTC) would typically file a Form 8-K with the Securities and Exchange Commission (SEC) on a […]

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Grayscale Says Bitcoin ETF Only a Matter of Time

Grayscale’s managing director talks inevitability of a Bitcoin exchange-traded fund, or ETF. The crypto market may finally see a Bitcoin ETF approval, although regulators need more time.  “We think a Bitcoin ETF is a matter of when, not a matter of if,â€� Grayscale Investments managing director, Michael Sonnenshein, told Morgan Creek Digital co-founder Anthony Pompliano in a July 15 interview. “The regulators have done a fantastic job of staying ahead of the curve on the digital currency asset class as a whole,â€� he added.  The crypto space […]

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Russian Cybercrime Surged 25x in 5 Years, Says Local AG

Russian cybercrime is up 92% since last year. Igor Krasnov, Russia’s new Attorney General, says that cybercrime in Russia has surged 25 times over the past five years. Krasnov made the statement during a recent meeting devoted to fighting cybercrime in Russia, according to an official statement on July 17. Only 25% of cybercrime in Russia gets solved At the event, Krasnov outlined that there have already been 225,000 cases in the first half of 2020, a 92% increase in the same timeframe from 2019. The total […]

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Law Decoded: Pushing the Legal Limits, July 10–17

In this week’s newsletter, we look at a series of developments that test the limits of governmental authority over crypto, as well as the contest with social media. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note New developments in crypto this week are challenging a number of critical boundaries of legal authority. We are, consequently, looking at several cases that promise to set new lines for government reach and overreach. Cassius lamented Caesar bestriding […]

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Ripple’s Garlinghouse Says China Leads US in Crypto Regulatory Outlook

Ripple’s CEO said China is ahead of the United States in terms of crypto regulatory thought. Ripple CEO Brad Garlinghouse said he considers China ahead of the U.S. as both countries wade the regulatory waters of the burgeoning crypto space. As part of the Chamber of Digital Commerce’s Parallel Summit on July 17, Garlinghouse expressed admiration for China’s approach to the crypto space. “In some ways I’m in awe of it,â€� he said. China sees the potential? China’s position comes from an appreciation for crypto’s potential, Garlinghouse […]

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Venezuela Bans Crypto Mining From Public Housing

Crypto mining can harm the country’s electricity distribution, says a Venezuelan minister. Venezuelan Minister of Habitat and Housing Ildemaro Villarroel announced today that crypto mining operations won’t be allowed in any state-owned housing or neighborhoods that are part of the “Gran Misión Viviendaâ€� project (Great Home Mission). During an official speech on July 15, Villaroel stated that any kind of equipment related to crypto mining is banned in public housing due to “high power consumptionâ€� and for widely “violatingâ€� the government’s electrical supply policy.  The minister added: […]

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Americans Are Googling ‘Bitcoin’ in the Middle of the Night

1 AM Eastern time is the most popular time in the US to search the biggest word in crypto. The hourly data from Google Trends shows that US-based searches for “Bitcoinâ€� have consistently peaked around 1 AM Eastern time for the past week. This hourly data is only available seven days into the past, so we don’t know if this is an established pattern or a new development. The latest Google Trends data for “Bitcoinâ€� searches. Source: Google Trends. Out of 50 states, California is the most […]

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About 80% of ETH Supply Is Qualified for Staking, Says ConsenSys

About 86 million ETH is held on non-exchange wallets containing enough Ether for staking on ETH 2.0. As the crypto community is anticipating Ethereum 2.0, a large number of Ether (ETH) holders already have enough ETH for staking on the network. Nearly 80% of total Ether (ETH) supply is being held by non-crypto exchange wallets exceeding the amount required for staking on Ethereum 2.0, according to the latest “Ethereum 2.0 Economic Reviewâ€� report. Published on July 16, the report is by executives at the Ethereum blockchain infrastructure […]

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Price Analysis 7/17: BTC, ETH, XRP, BCH, ADA, BSV, LINK, LTC, BNB, CRO

Bitcoin and a few altcoins are showing signs of weakness, which could result in a minor dip in the next few days. Grayscale Investments recent Q2 report shows that the firm took in $905 million into Bitcoin (BTC) and other altcoins. In Q1 of this year, the inflow into various Grayscale products was $503.7 million. The sharp increase in investments indicates that the institutional investors are building positions when the price of the top-ranked asset on CoinMarketCap is stuck in a range as they expect it to […]

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