Monthly Archives: July 2020

Crypto Exchange Data Shows Traders Long After Bitcoin Price Breaks $9.6K

Multiple indicators are signalling that professional traders are bullish on Bitcoin derivatives, suggesting that the $10,000 level could soon be tested. There are few indicators capable of accurately detecting professional traders’ sentiment on Bitcoin (BTC). To ascertain whether or not market participants are positioned in a bullish or bearish manner, analysts usually rely on technical analysis and derivatives markets, although those usually mix retail flow.   More recently some exchanges created internal metrics exclusively measuring top traders positions. Looking at exchange-provided data highlighting traders’ long-to-short positioning, one can […]

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New Ruling Classifying Bitcoin as ‘Money’ Isn’t Anything Special

A D.C. court ruled that Bitcoin is money during a recent legal case, although the classification in this context already exists under legal expectations in much of the country. A recent Washington D.C. court case saw a man prosecuted on multiple counts for running a Bitcoin (BTC) tumbler — a method of hiding Bitcoin transactions. The court charged the defendant on three counts back in December 2019, including operating an unlicensed money transmitting business, as a July 24 court document revealed.   The document noted: “After examination of […]

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A Deep-Dive Into Some of the ZERO Wallet’s Advanced Security Features

Cointelegraph gets techy with CEO Ruben Merre, on some of the NGRAVE wallet’s security advances. From its initial announcement back in April to the $430,000 raised in the recently completed crowd-sale, the NGRAVE ZERO has created huge buzz in the crypto community. Billed as the most secure hardware wallet available, the permanently air-gapped ZERO is the first to gain a top security rating of EAL7. But the devil is in the details so they say, so while waiting for the first units of the device to ship, […]

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Former Ethereum Researcher Seeks a Change of Venue for North Korea Court Case

Ethereum Researcher Virgil Griffith seeks a court venue change as well as internet usage as part of ongoing legal ordeal. Ethereum Foundation researcher Virgil Griffith plans to request changes to a court case against him — the result of a trip to North Korea. Griffith “will now seek to get the case moved for lack of venue out of the U.S. District Court for the Southern District of New York,â€� the Inner City Press said in a July 23 report. Griffith’s court over previous months Griffith faced […]

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Income Inequality: Can Bitcoin or Other Cryptocurrencies Fix This?

Despite the benefits of crypto being in the hands of the few, the current crisis may be a harbinger of change. The COVID-19 pandemic has forced economies to a halt and stretched the central banking system. Central banks have been printing money on a scale like never before, which makes the 2008 financial crisis pale in comparison. Over $2 trillion dollars were printed to stabilize the markets and increase liquidity. Back in 2008, Bitcoin (BTC) was created in reaction to these quantitative easing programs as an alternative […]

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Poloniex Adds US Election-Based Trades

Poloniex has added crypto assets based on President Trump’s re-election. With the 2020 U.S. presidential election looming, crypto exchange Poloniex has added a way to bet on the outcome. “TRUMPWIN and TRUMPLOSE are the first new assets to join our Innovation Zone today,â€� Poloniex said in a recent statement. Assets valued according to election results The Poloniex listing comes several months prior to the November 2020 U.S. presidential election. As ERC-20 tokens, the election assets value $1 or $0, depending on the event’s results. Holding 10 TRUMPWIN […]

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Ukrainian Ministry Plans to Track Crypto Transactions With Bitfury

Ukraine’s Ministry for Digital Transformation will be tracking illicit crypto transactions with a crypto analytics startup backed by Bitfury. The Ministry for Digital Transformation of Ukraine, a major government authority behind local crypto regulation, will be implementing Bitfury’s crypto analytics tool to track crypto transactions. As officially announced on July 23, the Ministry has signed an agreement with Birfury’s crypto compliance product known as Crystal. Bitfury’s Crystal to provide crypto analytics expertise to the Ukraininan government Launched by Bitfury in early 2018, Crystal is a software stack […]

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Rumor Has It Polkadot is Preparing to Launch a Token Sale Soon

The Polkadot project appears to be launching its second token sale after a “building with Polkadotâ€� page is published. Persistent rumors on Polkadot channels and groups and a series of forms and NDAs to “build with Polkadotâ€� suggest that the project may soon run a new token sale for its token, the DOT. The purported dashboard of the upcoming sale is located on the polkadot.network website under the “/get/â€� path. As of press time, the page is still under construction. Prospective “buildersâ€� can sign up to build […]

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Price Analysis 7/24: BTC, ETH, XRP, BCH, BSV, ADA, LTC, BNB, CRO, LINK

Ethereum price looks to make a new 2020 high as Bitcoin bulls fight to hold BTC price above $9,600. Bitcoin (BTC) has covered a considerable amount of ground over the past few years. Initially considered as an asset mostly used for unlawful activities, it has finally received the approval of the Office of the Comptroller of the Currency. This means banks in the U.S. will now be able to provide crypto custody services to their clients. This move could further encourage institutional investors to enter the crypto […]

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Despite Stock Market Disaster Predictions, Bitcoin Markets Permeate Bullish Signals

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 doom edging toward traditional stock and equities markets, bullish crypto researchers believe the digital currency bitcoin will see the opposite trend going forward. Wall Street Vets Predict Disastrous Market Outlook It’s safe to say that a lot of people are concerned about the […]

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