Month: June 2020

Weeks ago, NewsBTC reported that the market capitalization of leading crypto stablecoin Tether (USDT) was on track to $10 billion. This week, after a large minting of coins, the milestone was reached. Related Reading: A Hacker Just Drained $500k in Ethereum & Altcoins From a DeFi App Crypto’s “Reserve Currency” Hits $10 Billion Market Cap According to Messari analyst Ryan Watkins, the market capitalization of USDT passed 10 billion on June 30th. It is the third cryptocurrency currently in this Read more …

Chinese authorities are trying to strengthen their epidemic preparedness and have identified blockchain as a key component of the response.  The Chinese Circular of the National Health Commission released its plan on June 30 on how to ramp up its information technology support amid future pandemics. One component of the strategy is the use of blockchain technology for enhancing data sharing among medical institutions. Data sharing is key  The Commission is urging local health departments to promote data sharing and collaboration Read more …

Bitcoin’s bulls and bears appear to be locked within an intense battle for control over the cryptocurrency Bears have been gaining the upper hand over the past few weeks, as the crypto has been consistently trending downwards despite being caught within a multi-week consolidation phase Presently, BTC is trading just above a crucial support level that appears to be growing weaker due to it being tested on multiple occasions over the past few days As the benchmark cryptocurrency’s monthly close Read more …

Litecoin is one of many crypto tokens that has been struggling to garner any upwards momentum in recent times. LTC has formed an incredibly close correlation to Bitcoin as of late, which has caused it to enter a long-held bout of sideways trading. Like BTC, it is currently trading at the lower boundary of this range and is beginning to flash some overt signs of weakness. Analysts believe that its next big movement could prove to be dire for bulls, Read more …

Recently published data from glassnode shows there are currently more than 1,800 Bitcoin (BTC) whales. From a macro perspective, this increase in the number of whales can be considered bullish. The term whale is used within the crypto industry to describe an individual investor that holds a large amount of BTC. Typically, whales are early Bitcoin investors or wealthy individuals that newly enter the cryptocurrency market but as institutional investors enter the market perhaps the boundaries of the term will Read more …

The UK High Court has appointed the Official Receiver as liquidator of the cryptocurrency trading platform, GPay Ltd. According to an announcement published by the UK Insolvency Service on June 30, the crypto exchange showed signs of being “nothing but a scam”. Fake statements abound The firm, also known previously as XtraderFX and Cryptopoint, advertised its services online and through social media channels. The Insolvency Service claims that the ads falsely alleged the service was endorsed by entrepreneurs who appeared Read more …

This week a number of Kleiman v. Wright lawsuit depositions have recently published and are now available for public viewing. One specific deposition with the former Bitcoin Core lead maintainer, Gavin Andresen, casts doubt on the claim that Wright is Satoshi Nakamoto. Moreover, the Bitcoinsv supporter Daniel Krawisz has been speaking out about Wright and mentions there is “plagiarism in several of Craig Wright’s works.” For well over five years now, Craig Steven Wright, has publicly claimed that he invented Read more …

A survey conducted by major crypto custodian Bitcoin IRA revealed that 42% of the platform’s customers expect Bitcoin’s (BTC) price to exceed $15,000 by the end of 2020. According to a June 29 announcement, Bitcoin IRA surveyed over 300 of its customers who answered their questions on a voluntary basis. A staggering 57% of the respondents also said that they buy and hold cryptocurrency as a long-term investment. Bitcoin IRA has high hopes for Bitcoin Bitcoin IRA’s head of marketing, Read more …

June has been a rather uninteresting month for Bitcoin. The cryptocurrency largely ranged between $9,000 and $10,000, with each break above or below this range being fleeting. One interesting trend seen throughout the past four weeks has been BTC’s propensity to set lower highs, as it has been slowly grinding down to the lower end of its well-established trading range. This seems to indicate that it will close its monthly candle in the coming few hours on a low note, Read more …

South Korean authorities are investigating a complaint filed by 950 investors who claim to be victims of a crypto-related ponzi scheme. According to TV Chosun, police are looking into reports that over 160 individuals are believed to have operated the alleged scam, known as Futurenet. The Futurenet team is also suspected of stealing almost 20 billion won ($16.66 million) from investors and transferring the money via cryptocurrency. Victims bought using crypto Victims state that they were tricked by buying an Read more …

Advertisment Wirecard, a crypto card provider that is currently involved in insolvency proceedings, has been allowed by the FCA to start operating again in the U.K. The Financial Conduct Authority (FCA) announced on Tuesday that it permitted Wirecard’s U.K. branch, Wirecard Card Solutions, to resume its e-money and payment services, but there will still be some […] The post Wirecard Approved by the FCA to Operate in the UK appeared first on Coindoo. You want the latest news about Crypto? Read more …

Ethereum has continued consolidating alongside Bitcoin and the aggregated cryptocurrency market The crypto is flashing some signs of weakness due to its recent break below its over-month-long trading range between $230 and $250. Buyers have been ardently guarding against a dip below $220, which remains the cryptocurrency’s crucial near-term support Analysts believe that ETH’s weakness is far from being over One trader is pointing to a potential distribution pattern as a technical factor that could cause it to reel significantly Read more …