Monthly Archives: August 2020

With Bitcoin Gaining Ground, Is the Altcoin Season Coming to an End?

This time around, for however long it lasts, Bitcon’s run and the altcoin season are going to be very different. Bitcoin has finally woken from its two-month slumber, as well as interest in the number-one cryptocurrency along with it. Bitcoin futures trading is bustling again, with both volume and aggregated interest at their highest since the March market crash. So, with all the action going on in Bitcoin (BTC), does this mean that the altcoin season is coming to an end? Maybe not. Bitcoin surges as altcoins […]

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Why Trump Banning TikTok May Be a Blessing for Bitcoin Price, Adoption

Trump’s TikTok Ban could see 80 million people flock to crypto, which would be great news for Bitcoin price and the entire cryptocurrency space. Yesterday saw many major altcoins rally to their yearly highs, with Ether (ETH) surging past $400, which I expected was a likely scenario in my last article two weeks ago.   In addition, XRP also had a bumper day exceeding $0.32 while momentarily outperforming Bitcoin as expected in my July 1 article.  However, Bitcoin showed its dominance in the space by wiping out several […]

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Blood on the Blockchain: Tokenizing Can Make Donations More Effective

Tokenizing blood may help with supply chain efficiencies, creating a way to trace blood from the donor to the hospital. A system in which health officials would be able to track blood donations from vein-to-vein in real-time, given the complexities of the blood supply chain, may sound impossible. However, using blockchain technology to track and trace blood supply chains may turn this idea closer to reality.  The American Red Cross estimates that someone in the United States needs blood every two seconds. The organization further announced that […]

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Putin Signs Law Giving Cryptocurrency Legal Status in Russia

Russia’s bill to regulate cryptocurrencies has been signed into law by President Vladimir Putin. The new law gives legal status to cryptocurrency but prohibits its use as a means of payment. Russian Crypto Bill Signed Into Law Russian President Vladimir Putin signed into law Friday the bill that regulates digital financial asset (DFA) transactions, Russian media RIA Novosti reported. It was approved by the State Duma, the lower house of the Russian parliament, on July 22 and by the Federation Council on July 24. The law will […]

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$20,000 Won’t Pose Any Resistance for Bitcoin Price, Says Max Keiser

The price of Bitcoin will surpass $28,000 as the previous all-time high won’t pose any resistance, and eventually shoot for six-figures, says Max Keiser. According to Heisenberg Capital founder and Keiser Report host Max Keiser, the price of Bitcoin (BTC) would soon rally to $28,000. He believes the all-time high of BTC at $20,000 likely won’t act as resistance. Keiser, who is an early investor in unicorn Kraken and $100-million-worth Bitstamp, said: “The $20,000 level for #Bitcoin won’t pose any resistance. We won’t see any resistance till […]

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Today’s Cryptocurrency Trusts and Hedge Funds Amid Financial Crisis

The digital asset is now experiencing what may be a historic rise in acceptance, as the COVID-19 pandemic revealed its needs. On July 22, 2020, the United States Office of the Comptroller of the Currency published a letter clarifying that national banks and federal savings associations can indeed take custody of cryptocurrency assets. In the letter, Bitcoin was also acknowledged as “the first widely-adopted cryptocurrency.â€� On the same date, VISA, one of the largest payment companies with access to over 61 million merchants globally, revealed plans to offer […]

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Various Crypto Mining Strategies Underline Industry’s Growth Potential

PoS mining platforms are gaining traction globally but could use more polishing and real-life testing, according to experts. Over the course of the past few years, the cryptocurrency mining sector has started to gain a lot of mainstream financial traction. For example, market research firm Technavio recently released startling data claiming that the global mining hardware market is all set to grow by a whopping $2.8 billion between 2020 and 2024. This incredible surge was attributed to the rising popularity of mining pools, most of which are […]

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US Court Dismisses Claims Against XRP: Report Shows Ripple Paid Moneygram $15.1M in Q2

The Northern California District Court finds that claims against Ripple Labs and its token made by two investors cannot be proven. The legal dispute, which began in May 2018, pitted Ripple Labs including CEO Brad Garlinghouse and disgruntled investors. According to a report, the discontented investors wanted the court to determine whether the “native token XRP is, or is not a security by legal definition.” The investors insist that “Ripple should have made a formal application to the U.S. Securities Exchange Commission (SEC) for their cryptocurrency XRP […]

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$1 Billion Liquidated as Bitcoin Price Crashes by $1.4K in Minutes

Bitcoin price suddenly crashed by roughly $1.4K in minutes to $10,600 and rebounded slightly as weekend volatility continues. The price of Bitcoin (BTC) and Ethereum’s Ether (ETH) plunged by 13% and 21%, respectively, within minutes on Aug. 2. The move liquidated more than $1 billion worth of futures contracts as BTC/USD dropped from around $12,000 to as low as $10,550. BTC/USD 1-hour chart. Source: Tradingview There appear to be two main reasons behind the sudden cascade of liquidations. First, the volume in the cryptocurrency market tends to […]

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Accused of Spreading FUD Zeus Capital Doubles Down on Chainlink Pump and Dump Claims

Zeus Capital LLP has released a new report reiterating its earlier stance that Chainlink is a giant pump and dump scheme. This new report comes after the little known asset management and research firm took flak for attacking Chainlink’s token in an earlier report. In what it now terms part 1 of its exposé, Zeus Capital LLP asserts in the latest report that the over 140 partnerships announced by Chainlink so far are an exaggeration. The asset management firm contends the project has been created to enrich […]

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