Monthly Archives: August 2020

Expect market regulation ‘avalanche’ if Biden beats Trump — Mulvaney

Former Trump chief of staff Mick Mulvaney foresees an “avalancheâ€� of regulations if Biden wins the election, what’s this mean for Bitcoin price? Former Trump chief of staff Mick Mulvaney says a Joe Biden presidency would cause an “avalancheâ€� of regulations. Some economists have also voiced concerns that the Biden administration would lead to a stock market pullback.  This has led many crypto analysts to ponder what impact a strong stock market correction would have on the price of Bitcoin (BTC). During an interview on CNBC’s Squawk […]

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Defi Platform Uniswap Outpaces Coinbase Pro in Global Trade Volume

The decentralized exchange (dex) Uniswap has seen a massive amount of trade volume during the last seven days. Following Uniswap’s rapid increase in global trade volumes, the platform’s founder Hayden Adams celebrated the dex outpacing the centralized exchange Coinbase’s volumes this past weekend. News.Bitcoin.com recently reported on the decentralized finance (defi) economy’s total value locked (TVL) assets nearing $8 billion in value. While a mad rush toward defi coins and applications has been taking place during the last few months, dex trade volumes have been soaring. Data […]

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Here’s why the Head of the Chechen Republic has such a strong disdain for cryptocurrencies

Kadyrov does not seem to understand cryptocurrencies very well. The Chechen leader Ramzan Kadyrov shared some harsh comments about cryptocurrencies amid growing interest in the technology amongst Chechnya’s citizens. According to Pravda, Kadyrov claimed that the media is presenting crypto “as the new gold,â€� provoking what he calls a kind of Bitcoin (BTC) “feverâ€�: “People take loans, save on themselves and their families, invest their last money in digital assets that promise incredible profits.” The head of the Chechen Republic, a federal subject of the Russian Federation, […]

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Mysterious Bitcoin mining pattern potentially solved after seven years

We may not know who Satoshi Nakamoto was, but at least this is one mystery we think we can solve. We reported last week about the latest findings of Sergio Dermain Lerner, who is known for his discovery of the so-called “Patoshi pattern”. His latest research suggested that Satoshi Nakamoto likely used a single pc to mine approximately 1.1 million Bitcoin (BTC). However, it appears that there was something of even greater importance lost in the excitement about this discovery. If Lerner’s latest findings are accurate, it […]

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Price analysis 8/31: BTC, ETH, XRP, LINK, BCH, LTC, BSV, CRO, BNB, EOS

Bitcoin and altcoins have bounced off their range lows, but they are likely to encounter resistance at higher levels. The U.S. stock market is on track to clock its best August performance since 1984. Meanwhile, Bitcoin (BTC) is attempting a positive close for the month after having declined consecutively in August 2018 and August 2019. However, gold futures and the U.S. dollar index (DXY) have not been in favor, as both could end the month in the red. Berkshire Hathaway disclosed a 5% stake each in five leading […]

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Secret contracts may soon bring privacy features to public Blockchains

Programmable privacy is about to become a reality. Open-source Blockchain protocol Secret Network announced its intention to add privacy-based secret contracts to its mainnet. The upgrade will take place on September 15 once the proposal is passed by the community. According to the foundation’s announcement, developers will have the opportunity to build and deploy so-called “secretâ€� smart contracts that use encrypted inputs, outputs, and states. Secret contracts could enable many different blockchains to utilize private data in decentralized apps without compromising their user’s personal security. The foundation […]

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Ciphertrace Allegedly Builds Monero-Tracing Tools, XMR Proponents Disagree

The blockchain surveillance firm Ciphertrace claims to have created the “world’s first” monero tracing tools for law enforcement. According to the company announcement, Ciphertrace developed forensic tools for the U.S. Department of Homeland Security (DHS) in order to track illicit monero transactions. Despite the firm’s claims, there is zero evidence provided that prove the company actually has such tools. Since the open-source cryptocurrency was first invoked in 2014, the Monero (XMR) project has been heralded for privacy-centric techniques. The digital asset network uses enforced privacy for all […]

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Cred to enable in-app staking through Klever wallet

Crypto wallet app Klever will allow users to stake cryptos in Cred’s staking programs from within the wallet. Cryptocurrency wallet platform Klever will allow users to stake Bitcoin (BTC), Ether (ETH), Tron (TRX) and other cryptocurrencies in Cred’s staking programs from within the wallet. Cred is a cryptocurrency staking and lending platform that allows users from across 190 countries to lend their cryptocurrency funds in return for monthly rewards in stablecoins, cryptos and fiat currencies.  The new feature will allow Klever users to opt for any of […]

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Mining rig manufacturer Canaan announces narrowing net loss in Q2 results

A vastly improved gross margin on sales contributed to a reduction in net loss of over 90% compared to figures from a year ago. Bitcoin mining rig manufacturer Canaan on Aug. 31 released its unaudited financial results for the second quarter of 2020. While gross profit was up both year on year and quarter on quarter, the company still posted a net loss, albeit one which has narrowed significantly in the last twelve months. The amount of computing power sold in its application specific integrated circuit (ASIC) […]

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Ethereum: This price resistance stands in the way of ETH hitting $500

Ethereum price soared above the $400 resistance recently, kickstarting what could be a powerful rally to $500. As the price of Ethereum’s native digital currency Ether (ETH) has been showing massive strength recently, the path seems to be continuing toward new highs. Ether price ran from $220 to $445 in the previous five weeks and this is one of the biggest surges for the altcoin in the past 18 months.  However, as the rally didn’t provide many opportunities for laggards to hop on the train, is $500 […]

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