Monthly Archives: August 2020

Ethereum Price Hits 2-Year High as ETH Futures Open Interest Tops $1.5B

Ethereum price surged to a two-year high at $445 and record open interest on ETH futures hints that the rally will continue. Today the price of Ethereum’s Ether (ETH) hit a two-year high according to data from crypto trading terminal Crryptowatch. Despite the breakout to $445, open interest on ETH futures remains steady at a new record high of $1.5 billion. ETH-USD 4-hour chart. Source: TradingView.com The record high open interest on ETH futures hints that traders remain bullish and further gains could be seen over the […]

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First Litecoin-Native Visa Debit Card Is Being Launched

Charlie Lee: Litecoin maximalists don’t exist. The first Litecoin (LTC) native Visa debit card is being launched by BlockCard.  Charlie Lee told Cointelegraph this is their second attempt at the endeavour as the previous one failed: “We previously worked with LitePay on a debit card but that failed when LitePay went out of business.â€� Lee also drew a distinction between this Litecoin-native debit card and other crypto cards that support the currency: “There are other crypto debit cards available today that support Litecoin, but they only support […]

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Grayscale Investments Enjoys Its Best Week Ever After National Ad Blitz

The power of television is no joke. Grayscale Investments had its best fundraising week in history following an ad blitz on a number of major television networks. According to the company’s CEO Barry Silbert, Grayscale netted $217 million in investments in the days following the campaign.  The firm’s Bitcoin Trust Fund was the biggest contributor to the success, adding  14,422.01411512 Bitcoin (BTC) at a value of $167,932,466, according to an SEC filing. The firm is currently holding 409,131 BTC, essentially removing it from circulation. Meanwhile, Galaxy Digital […]

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Law Decoded: How Long Is the Arm of the Law? August 7-14

New muscle from law enforcement investigating crypto suggests that government innovation may be slow but the government gets what it wants. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.  Editor’s note DeFi has stolen the show lately. Spectacular rises and falls of unaudited tokens named after meme-able foods changing hands via ascendant liquidity pools have left many of us unimaginative observers mostly blinking. In this area, I can offer no particularly hot takes beyond the line […]

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OKEx May Delist Ethereum Classic If It Doesn’t Upgrade Its Security

ETC’s bad month isn’t over yet. ETC is facing delisting from OKEx in the wake of a 51% attack that cost the exchange $5.6 million. According to a report recently released by OKEx, the perpetrators registered five accounts between June 26 and July 9, 2020, subsequently depositing 68,230.02 ZEC (worth more than $5 million) on their platform. On July 31, the attackers exchanged their ZEC holdings for 807,260 ETC and withdrew it from the exchange.  The on-chain process of the initial 51% attack on Aug. 1. Source: […]

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Price Analysis 8/14: BTC, ETH, XRP, LINK, BCH, BSV, LTC, ADA, BNB, CRO

Traders have turned bullish on Ethereum again and the strong break above $400 could pull Bitcoin and other altcoins higher. Data from Grayscale Investments shows that the firm’s assets under management soared from about $1.9 billion at the end of 2019 to over $3.5 billion by the end of June 30, 2020.  The correction in the U.S. dollar (DXY) and the possibility of further weakness due to continued money printing by the U.S. Federal Reserve could be one of the main reasons for the surge in institutions […]

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Market Update: BTC Inches Toward $12K, ETH Jumps 12%, Report Says LINK May See ‘Rough Waters’

Digital currency markets have increased significantly in value during the last 24 hours as the market capitalization of all 5,700+ coins is up over 2.4% on Friday. Bitcoin has been inching toward the $12k region again and ethereum touched a high over $442 a coin during the afternoon trading sessions. Crypto Market Cap Crosses $365 Billion The market valuation of all the crypto assets in existence is around $365 billion on Friday afternoon as a number of coins have seen decent percentage gains. Bitcoin (BTC) is trading […]

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US Postal Service Files Blockchain Voting Patent Following Trump Cuts

Is it enough to meaningfully resist election fraud? A new patent has been filed by the U.S. Postal Service, or USPS, following recent comments from President Donald Trump concerning the mail service’s funding in light of his fight against mail-in voting. The patent appears to use Blockchain technology to make mail-in voting a safe alternative to physical polling stations amid the COVID-19 pandemic. “This developement releates to a voting system that also incorporates the use of cryptographic elements, such as blockchains, as are used with cryptographic currencies, […]

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TradingView Confirms It: People Love Bitcoin And Tesla

Bitcoin and Tesla are the talk of the town throughout the USA. All eyes are on Bitcoin (BTC), crypto’s largest coin by market cap, and Tesla, a future-centric car company run by eccentric billionaire Elon Musk, thanks to a standout year for both assets. Tradable equity in Tesla, under the ticker TSLA, has captured more of the American public’s attention than any other investable asset, according to July figures from financial charting platform TradingView, posted on Aug. 13. Bitcoin held the spotlight as the second most popular […]

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Ethereum Classic Community Divided Over Charles Hoskinson’s Proposed Treasury Protocol

It’s a clash of the crypto titans. Charles Hoskinson presented his idea for a decentralized treasury protocol to the Ethereum Classic (ETC) community during a Discord call on August 13. Hoskinson, who is the founder of Cardano (ADA) and one of the co-founders of Ethereum, strongly believes that setting up an independent source of funding for development and innovation can ensure the prosperity of ETC. Hoskinson’s proposal to change ETC’s block reward allocation would mean that instead of rewards going entirely to the network’s miners, blocks would […]

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