Bloomberg finds Ethreum’s bull run to be speculative while contending that Bitcoin’s appreciation is driven by fundamentals. In its August crypto outlook, Bloomberg remained unimpressed with Ethereum, calling its rally “speculativeâ€�. The publication contends, however, that Bitcoin’s (BTC) rise is based on solid ground: “Ethereum has extended last year’s highs and leaped to one of the top-performing major crypto assets in 2020, but we view its rally as more speculative vs. the favorable demand vs. supply conditions supporting Bitcoin.â€� Ethereum’s competition The report points out that Ethereum […]

Federal Reserve monetary policy appears to be a primary catalyst for the current rally in gold, silver and Bitcoin. The prices of gold, silver, and Bitcoin (BTC) are all rallying in tandem, as various macro factors boost alternative assets. As gold rose to a new all-time high at $2,055, BTC rallied to $11,715 on the day, recording a 4.28% increase. Gold-USD. Monthly chart. Source: TradingView.com As the three assets see stronger momentum altogether, there are three factors to consider. These are: gold’s correlation with Bitcoin, the effect […]

Chinese recruiting platforms revealed a significant rise in wages paid for blockchain-related job roles in the country. The latest figures from Chinese recruiting platforms show that blockchain-related salaries are on the rise across China. This is likely due to high demand for specialists in the sector. According to Chainnews, quoting statistics from Zhaopin, “hundredsâ€� of companies in China have been hiring staff for blockchain-related jobs. Monthly salaries start at $2,865 on average. This figure has skyrocketed from an average of $1,230 last year. Higher salaries are being […]

If Bitcoin can reclaim the $12,200 level, several altcoins are likely to resume their uptrend. Square’s Cash App product has generated $875 million in revenue from Bitcoin (BTC) trading in the second quarter of this year. This is a 600% increase over the comparable quarter in the previous year. This shows increased trader interest, which could have been spurred by the cash heavy “government stimulus programs.â€� The recent breakout of Bitcoin above the $10,000–$10,500 zone could spark further interest among traders. Twitter personality Dave Portnoy has shown […]

OKEx has launched a peer-to-peer trading platform and fiat onramp in India. Cryptocurrency exchange OKEx has announced a new peer-to-peer trading platform launching Aug. 5, which allows users to buy digital currencies with zero transaction fees using Indian rupees (INR). The announcement comes hot on the heels of reports that the Indian government is planning to pass a law making cryptocurrency trading illegal in the country. Easy fiat onramp supports major Indian payment platforms At launch the platform is offering Bitcoin (BTC) and Tether (USDT) pairs for […]

Bitcoin will eventually capture more of the market than gold, Morgan Creek’s Anthony Pompliano predicts. Amid the ongoing bull market, a major Bitcoin (BTC) advocate has delivered another promising price prediction for the largest cryptocurrency. Anthony “Pompâ€� Pompliano, co-founder of Morgan Creek Digital, believes that Bitcoin will continue to grow in the long-term to break the $400,000 threshold. Digital is bigger than analog — Bitcoin is bigger than gold In an Aug. 4 interview with crypto podcaster Peter McCormack, Pomp said that Bitcoin is poised to eventually […]

Chainlink partners with War Riders to create a hybrid solution for human readable Ethereum names that removes friction for blockchain gamers. Chainlink (LINK), in partnership with a video game called War Riders, has introduced human readable Ethereum (ETH) names. These names will use a different approach than the Ethereum Name Service, or ENS. Removing friction for newcomers War Riders employs blockchain elements like non-fungible tokens which represent in-game items. It also has its own native cryptocurrency (BZN) that the gamers mine while playing. However, as with all […]

Plaintiffs as the court to authorize communication via email and Twitter to Status co-founders as part of a class-action lawsuit over SNT’s ICO. Plaintiffs in a class-action lawsuit against Status and its 2017 initial coin offering of the Status Network Token (SNT) are asking the judge to authorize official document delivery, or serving, via alternative channels like Twitter and emails. In court documents obtained by Cointelegraph and filed on Aug. 3, the judge is presented with a ready-to-sign motion outlining alternative methods for class-action plaintiffs to serve […]