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Market Wrap: Bitcoin Jumps Past $9,400 Despite Weak July Volumes

Market Wrap: Bitcoin Jumps Past $9,400 Despite Weak July Volumes

Weaker bitcoin trading volumes aren’t stopping its price from going up. “Bitcoin became oversold from a short-term perspective last week for the first time since mid-March,” said Katie Stockton, an analyst at Fairlead Strategies. “This seems to be giving way to an uptick in short-term momentum, which has been weak since late May,” she added.  […]

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Only 3.5 Million Bitcoin Is Traded Worldwide; Majority of BTC Held Long-Term as Digital Gold, Says Chainalysis

Only 3.5 Million Bitcoin Is Traded Worldwide; Majority of BTC Held Long-Term as Digital Gold, Says Chainalysis

Only 3.5 million bitcoin or 19% of total circulating supply is actively traded throughout the world, while the rest is being held long-term by investors, according to a new report by crypto analytics company Chainalysis. Per the report, nearly 18.6 million bitcoin (BTC) has been mined as of June 2020. Of this, around 60% BTC […]

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Stablecoins Are the Bridge From Central Banks to Consumer Payments

Stablecoins Are the Bridge From Central Banks to Consumer Payments

Alexander Lipton is the CTO of Sila, a visiting professor and Dean’s Fellow at the Jerusalem Business School of the Hebrew University of Jerusalem, and a Connection Science Fellow at the Massachusetts Institute of Technology. As many still wait to receive the check from the Paycheck Protection Program and Health Care Enhancement Act, which is […]

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Spiritual Reflections on the Bitcoin Halving

Spiritual Reflections on the Bitcoin Halving

Allen Farrington writes at Quillette, Areo and Merion West, as well as extensively on Medium, where he has several much longer essays on Bitcoin, finance, economics and related topics. His collected writings can be found here. He lives in Edinburgh.  At approximately 8:23 p.m. GMT on Monday, May 11, the 630,000th Bitcoin block was mined, […]

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Canaan Reports $5.6M Loss in Q1 Despite Bitcoin Miner Price Cut

Canaan Reports $5.6M Loss in Q1 Despite Bitcoin Miner Price Cut

China-based bitcoin miner manufacturer Canaan has reported a net loss of $5.6 million for Q1 2020, even though it had cut down the prices for its hardware by more than half in an effort to sell more machines. In an earnings report released on Friday, the firm said it made $9.4 million in revenue for […]

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Square Unveils Bitcoin Auto Payments Tool

Square Unveils Bitcoin Auto Payments Tool

A mobile subsidiary of Jack Dorsey’s payments company Square now allows users to make automatic purchases of bitcoin. Dorsey said on Twitter – that other company he runs – that Cash App had, from Monday, enabled automatic purchases of bitcoin at regular intervals, such as daily, weekly, or fortnightly. Although there’s a minimum $10 purchase, […]

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Bitcoin Halving 2020: How the World’s Largest Mining Pool Is Helping Miners ‘De-Risk’

Bitcoin Halving 2020: How the World’s Largest Mining Pool Is Helping Miners ‘De-Risk’

“There have been days that F2Pool has lost 100 BTC in terms of having to pay miners without mining blocks themselves, but over a long period of time and with a significant amount of network hashrate those ups and downs even out,” said Thomas Heller, the mining pool’s global business director. F2Pool is the largest […]

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Older Mining Machines Turn Profitable Again as Bitcoin Rises Ahead of Halving

Older Mining Machines Turn Profitable Again as Bitcoin Rises Ahead of Halving

With bitcoin’s price jumping to a two-month high above $9,000, even mining equipment thought obsolete is becoming profitable again, at least for a short time. According to the miner profitability index, tracked by mining pools PoolIn and F2Pool, older mining rigs, such as Bitmain’s AntMiner S9 or Canaan’s Avalon A851, can now generate a 10-20% […]

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Bitcoin Miner Maker Ebang Files for a $100M US IPO

Bitcoin Miner Maker Ebang Files for a $100M US IPO

Ebang International Holdings, one of the leading manufacturers of bitcoin mining equipment, is taking another stab at going public, this time farther from home and with a smaller fundraising target. The Hangzhou, China-based firm aims to raise up to $100 million from an initial public offering (IPO) in the U.S., according to an April 24 […]

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Weekend Attack Drains Decentralized Protocol dForce of $25M in Crypto

Weekend Attack Drains Decentralized Protocol dForce of $25M in Crypto

Decentralized finance protocol dForce has lost over 99 percent of its assets in an attack Saturday night, according to DeFi Pulse. Lending protocol Lendf.me saw some $25 million in ether (ETH) and bitcoin (BTC) exit its wallets late Saturday and early Sunday after its money market pool was attacked. Lendf is one of two protocols […]

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Inside China’s Plan to Power Global Blockchain Adoption

Inside China’s Plan to Power Global Blockchain Adoption

China is about to launch its national blockchain platform, part of the country’s grand strategy to lead the digital transformation of the world economy. Led by the State Information Center, the Blockchain Service Network (BSN) is poised to launch for domestic commercial use Wednesday and globally on April 25. If it works as envisioned, companies […]

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Crypto Casinos: Making Gambling Honest With Blockchain | Blockchain Central

bitcoin

Crypto Casinos: Making Gambling Honest With Blockchain | Blockchain Central

This week on #BlockchainCentral: We dive in to one of the most popular market segments for dapps: gambling. Cryptocurrency #casinos have been around since the early days of crypto and bitcoin, but it took the decentralized-application possibilities of #Ethereum to really break gambling into the blockchain mainstream. Nowadays, there’s a multitude of blockchain casinos that […]

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Bitcoin Cash Approaches Milestone With First Halving Expected Wednesday

Bitcoin Cash Approaches Milestone With First Halving Expected Wednesday

Bitcoin cash (BCH), the cryptocurrency that broke off from bitcoin (BTC) due to a heated community disagreement in 2017, is about to hit a blockchain milestone.  At block 630,000, expected to occur Wednesday morning Eastern time, the number of BCH coins created roughly every 10 minutes will fall by half, from 12.5 to 6.25. This […]

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P2P Exchange Hodl Hodl Takes First Step in Bringing Private Bitcoin Trades to BlueWallet Users

P2P Exchange Hodl Hodl Takes First Step in Bringing Private Bitcoin Trades to BlueWallet Users

While the cryptocurrency space has moved well beyond its cypherpunk origins, some platforms are still determined to let users keep their transactions to themselves. In the works since late 2019, BlueWallet, a non-custodial mobile crypto wallet for iOS and Android, is integrating with Hodl Hodl, a peer-to-peer exchange, to add private bitcoin trades to the […]

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BitMEX Operator Ups Grant for Bitcoin Development to $100K

BitMEX Operator Ups Grant for Bitcoin Development to $100K

The company behind derivatives exchange BitMEX is increasing the grant it pays to one of the developers responsible for keeping the Bitcoin Core protocol up and running. HDR Global Trading said in a post on Tuesday that it had increased the grant it was paying to Michael Ford, also known by his handle “fanquake,” from […]

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Crypto-Friendly Bank Revolut Launches in the US

Crypto-Friendly Bank Revolut Launches in the US

Mobile bank Revolut has launched in the U.S., with an eye to offering its cryptocurrency services sometime in the near future. The London-based challenger bank announced Tuesday that U.S. customers could now register for an account and sign up for a payment card. Deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to […]

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Payments Unicorn Square Gets Limited Bank Charter for Merchant Lending

Payments Unicorn Square Gets Limited Bank Charter for Merchant Lending

Square is launching a bank in 2021.  On Wednesday, the U.S. Federal Deposit Insurance Corporation Board (FDIC) gave the payments startup conditional approval for a bank charter to launch Square Financial Services, an Industrial Loan Company. Headquartered in Salt Lake City, Utah, the bank also received approval from The Utah Department of Financial institutions for […]

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Why Bitcoin’s Safe-Haven Narrative Has Flown Out the Window

Why Bitcoin’s Safe-Haven Narrative Has Flown Out the Window

Noelle Acheson is a veteran of company analysis and CoinDesk’s director of research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. Listen. That whooshing sound you hear is not just […]

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$100M+ in Margin Calls: Crypto Lenders Demand Collateral as Market Buckles

$100M+ in Margin Calls: Crypto Lenders Demand Collateral as Market Buckles

The budding market for cryptocurrency-backed loans met its first big stress test this week as bitcoin (BTC) dropped 40 percent and lenders demanded additional collateral from borrowers. In the last day, Genesis Capital called an additional $100 million of collateral from its selective pool of about 40 clients, CEO Michael Moro said Friday afternoon. Rival […]

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Why Crypto Should Care About Justin Sun’s Steem Drama

Why Crypto Should Care About Justin Sun’s Steem Drama

Justin Sun has seized control of the Steem blockchain – with the apparent help of several prominent crypto exchanges. On the Steemit Blog (which is newly owned by Sun), a post announced the new regime: “For the next 4-6 weeks, the Steemit team will be using the voting rights to resume the order of the […]

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New Twitter Investor May Remove Bitcoin Advocate Jack Dorsey as CEO

New Twitter Investor May Remove Bitcoin Advocate Jack Dorsey as CEO

Elliott Management Corp. – an activist investor owned by billionaire Paul Singer – has plans to shake up the management at Twitter. As reported by Bloomberg on Saturday, Elliott has taken a large stake in the social media messaging platform and, according to “people familiar with the matter,” has plans to remove Jack Dorsey as […]

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Bitcoin Sees Corrective Price Bounce After Hitting One-Month Lows

Bitcoin Sees Corrective Price Bounce After Hitting One-Month Lows

Bitcoin has bounced from one-month lows hit early on Thursday and may extend the recovery to $9,000.  The cryptocurrency is currently trading at $8,800, having hit a low of $8,520 at 01:15 UTC this morning – a level last seen on Jan. 26, according to CoinDesk’s Bitcoin Price Index.  Back then, bitcoin was starting a […]

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Bitcoin Startup Casa Names New CEO as Node Service Goes Open-Source

Bitcoin Startup Casa Names New CEO as Node Service Goes Open-Source

Bitcoin startup Casa is charging into 2020 with a new look – by winding down its hardware product and shuffling its front office. CEO Jeremy Welch is stepping down from the role with current head of product Nick Neuman taking the helm. CTO Jameson Lopp will remain in his current position but will join the […]

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What Are Lightning Wallets Doing to Help Onboard New Users?

What Are Lightning Wallets Doing to Help Onboard New Users?

The best Sundays are for long reads and deep conversations. Earlier this week, the Let’s Talk Bitcoin! Show gathered to discuss Lightning Network technology and two innovative approaches at the wallet level which simplify the new-user experience at a tangible, but seemingly minimal cost.  Subscribe to the new CoinDesk Podcast Network for fresh, insightful episodes […]

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Notes From the WEF: The Coming Battle Between Surveilled and Private Money

Notes From the WEF: The Coming Battle Between Surveilled and Private Money

DAVOS — When the world’s leading bankers and policymakers gathered this week at the 50th Annual Meeting of the World Economic Forum in Davos, Switzerland, their interest in blockchain technology was resoundingly clear. “The number one use case of blockchain technology promoted by the government is data sharing,” Zhang Jiachen, CEO of the startup Guangzhishu Technology, […]

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