Monthly Archives: August 2021

On-Chain Bitcoin Volume At Five-Year Low

But the change-adjusted volume transfer of the network in dollar terms shows just how effectively bitcoin is scaling. The below is from a recent edition of the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Bitcoin on-chain volume (change adjusted) has touched a five-year low in bitcoin terms, currently at 329,226 BTC per day over the last seven days. Low on-chain volume has been a short term […]

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Who Stands To Gain From Attacking Bitcoin?

Peeling back the curtain to reveal who is at risk of loss in the wake of Bitcoin’s growth. Watch This Episode On YouTube Listen To This Episode: BitcoinTV Apple Spotify Google Libsyn Overcast Despite the multitude of opinions on Bitcoin and its future, the reality is that we are at a huge inflection point in history.  The guest on this episode of the “Bitcoin Magazine Podcast,” Seb Bunney, explained why the decentralization of the economy presents us with an exceptional opportunity to build equality and escape this […]

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Should The Bitcoin “Dust Limit” Be Removed

Should the “dust limit,” which denies Bitcoin transactions below a certain output value, be removed? The Bitcoin Optech newsletter provides readers with a top-level summary of the most important technical news happening in Bitcoin, along with resources that help them learn more. To help our readers stay up-to-date with Bitcoin, we’re republishing the latest issue of this newsletter below. Remember to subscribe to receive this content straight to your inbox. This week’s newsletter summarizes a discussion about the dust limit and includes our regular sections with descriptions […]

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Coinbase creates support phone line for account takeovers

Users who suspect fraud will be able to connect to a live operator, potentially expediting the investigation process. Coinbase has announced a new support phone line for customers who believe their account has been compromised by outside actors. Users will be able to speak to a live support agent, who can kick off an investigation immediately. In an industry where support tickets and emails are the standard method of communication, Coinbase expects that this implementation could help users save valuable time when dealing with this type of […]

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Canadian regulator alleges OKEx operator violated securities law

The commission has made similar allegations against Bybit, crypto exchange KuCoin and Polo Digital Assets. The Ontario Securities Commission claimed Aux Cayes FinTech Company Limited, a legal entity in the Republic of Seychelles that operates crypto exchange OKEx, has failed to comply with the province’s law governing securities. In an Aug. 18 notice, the Ontario Securities Commission, or OSC, alleged that Aux Cayes may have engaged in illegal activity and could face regulatory action if it fails to cooperate with authorities. According to the OSC, crypto asset […]

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Altcoins soar after Bitcoin price bounces off a key moving average

Bitcoin price reliably bounced off the 20-day moving average, which catalyzed an explosive rally from VGX, CHSB and EWT. The cryptocurrency market got off to a slow start on Aug. 19 after stimulus tapering talks from the U.S. Federal Reserve put pressure on global financial markets, but momentum within the crypto market picked up in the afternoon session as Bitcoin (BTC) bulls finally managed to break above the $46,000 level.  While most altcoins were slow to warm up on Thursday, several altcoins led the way with gains […]

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Bitcoin Adoption Surged 880% In One Year, Emerging Markets Lead The Way

Chainalysis found that bitcoin usage surged in developing countries as citizens seek shelter from currency debasement. ​Global adoption of bitcoin and cryptocurrency has skyrocketed in one year, up over 880%, new Chainalysis data found. The company’s Global Crypto Adoption Index was released yesterday with data from July 2020 to June 2021 to show how active countries worldwide are in Bitcoin. The index weighs the data to prevent it from skewing to favor developed countries with large transaction volumes from professional and institutional players. Instead, the goal is […]

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Polygon will create a decentralized autonomous organization

“As the Polygon ecosystem grows, the committee members have a front-seat opportunity over others to increase cross-collaboration for their products,” said the platform. Ethereum scalability infrastructure developer Polygon said it will form a decentralized autonomous organization, or DAO, for all of its community members as well as projects in decentralized finance.  In a Thursday announcement, Polygon called on its members to express their views on the platform forming a DAO. According to Polygon, it plans to create committees to promote discussion between projects including QuickSwap, Sushi, and […]

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Darknet Bitcoin Mixer Operator Bust, Judge Says Bitcoin Is Money

The defendant faces 20 years in prison, had previously argued he was not guilty because bitcoin is not money for U.S. law, but the judge rejected it. On August 18, an Ohio resident pleaded guilty to money laundering conspiracy charges arising from the operation of a Darknet bitcoin mixing service between 2014 and 2017, as the case’s judge recognized bitcoin to be a store of value and a medium of exchange. The court is yet to determine Larry Dean Harmon’s sentence, but he faces a maximum penalty […]

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Bitcoin gains strength as Friday’s $600M BTC options expiry approaches

The Fed’s plan to taper a massive monthly economic stimulus pulled stocks down, but BTC ignored critical comments and looks strong heading into Friday’s options expiry. In the past 7 days, Bitcoin (BTC) failed to break through the $48,000 resistance, but the price remained flat even as Minneapolis Federal Reserve chairman Neel Kashkari bashed the industry.  During an appearance at the Pacific NorthWest Economic Region annual summit on August 17, Kashkari said: “So far what I’ve seen is…95% fraud, hype, noise and confusion.” Moreover, according to Yahoo […]

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