Zank.com - Cryptocurrency Exchange | Buy and Sell BTC

Zank

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Zank is an online automated cryptocurrency-trading platform.

While creating our service, we've pursued our main goal: to provide users with a modern, secured and very convenient tool for fast exchange of digital currencies. Our team has invested a lot of efforts and work towards achieving this. Some of the work we've done include:
  • All the services existing in the market were analyzed and the options which are highly-demanded by users were chosen.
  • The Zank platform has been made as concise and user-friendly as possible.
  • The exchanger was powered using secured and fast technologies.
  • Users can now buy and sell in the most transparent mode.
  • Technical support has been provided to users.
  • We conduct our activities in an open and transparent manner, without hiding our business registration details.


The project employs people with professional education, who have the necessary expertise in related areas, such as Internet banking, finance and corporate banking services. We strive to make our service the best and constantly focus on development.

Affiliate Program
Our Affiliate Program offers favorable terms of cooperation.
  • You receive 30% of the commission for each user you bring to us.
  • High commissions
  • The reward is in cryptocurrency
  • Fast payouts
  • Referral link to any page
Share your referral link, add the link on your site, blog, forum and other resources.

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Contacts:
Tallinn, Kesklinna linnaosa, PArnu mnt 158088, 11317
License no. FRK000193, FVR000228.
Tech.support: [email protected]
Telegram: @zank_support
Official site: Zank.com

 
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Zank

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News of the cryptocurrency market:




German blockchain banking firm Bitwala has partnered with pioneering decentralized finance, or DeFi, platform Celsius to offer annual interest on Bitcoin (BTC) holdings of up to 4%.

Funds deposited from customers who opt to use Bitwala’s Bitcoin Interest Account will be loaned to institutional borrowers via Celsius, earning weekly interest on their Bitcoin in the form of BTC. Bitwala frames DeFi as “a new way to generate wealth,” emphasizing the opportunity for passive income to be generated from crypto holdings. Users can deposit from $12 worth of Bitcoin into Bitwala’s interest accounts, and are able to add and withdraw funds at any time. Only network fees are incurred through using the account, with investments and withdrawals processed without cost to the user...



In a recent trend survey made by DMEXCO and presented at an event in Cologne, Germany, it was determined that although the world is currently suffering economically, the digital economy may greatly benefit after the COVID-19 pandemic. According to the survey, the COVID-19 crisis will accelerate the rhythm of digital transformation.

One of the benefits of an advancing digital transformation is that it can lead to new solutions, unlocking inconceivable possibilities. This is especially true in digital services provided by governments, as the potential for innovation within the sector is vast. With that in mind, Brazil instituted its Digital Government Strategy through the Decree 10332/2020 this week...




Hackers have attacked multiple supercomputers across Europe this week with the intention of mining cryptocurrency. Clusters of supercomputers have been forced to shut down in order to investigate the intrusions, according to a ZDNet news report on May 16.

These security incidents were reported in the UK, Germany, and Switzerland. Additionally, another possible attack occurred in a high-performance computer center in Spain, according to the report. Most of the attacks appear to have targeted universities. University of Edinburgh,which runs the ARCHER supercomputer, reported the first incident on Monday. Then, major universities’ high-performance computing clusters in the state of Baden-Württemberg, Germany also announced that they were attacked on Monday with similar security incidents, and had to be shut down.

More attacks happened in institutions in other parts of Germany, Spain, and Switzerland later in the week. Clusters in the Leibniz Computing Center, or LRZ, an institute under the Bavarian Academy of Sciences, the Julich Research Center in the town of Julich, Germany, the Faculty of Physics at the Ludwig-Maximilians University in Munich, Germany, and the Swiss Center of Scientific Computations, or CSCS, in Zurich, Switzerland were all counted amongst the victims...


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Dear clients and partners!

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Swiss DeFi startup Eidoo partners with principal member of Visa Europe to issue a new Visa crypto debit card.

Cryptocurrencies like Bitcoin (BTC) aren’t really easy to spend in day-to-day life, mainly because retailers prefer to stay away from crypto’s volatility. In order to build a bridge between traditional finance and emergent assets like Bitcoin, a Swiss crypto startup called Eidoo has introduced a new Visa crypto debit card that uses regulated stablecoins for crypto-to-fiat conversion.

The so-called Eidoo Card has been approved for operation by payment giant Visa. Announcing the news on May 25, Eidoo told Cointelegraph that its new card will enable 40 million Visa merchants to accept crypto-derived fiat currencies, including the British pound (GBP) and euro (EUR).




Daejeon University is the latest in a series of South Korean universities redesigning portions of its finance and technology departments. The university made an official announcement on May 25 that it would open a new fintech department called “Future Convergence.”

According to the announcement published by Daejeon Journal, the curriculum will consist of topics such as smart health care, smart city, smart factory, and various employment fields in the medical institutions by implementing blockchain technology.

Universities in South Korea are boosting educational programming related to blockchain, big data, and artificial intelligence amid the country’s crisis of college graduates who are struggling to find jobs. Daejong’s new fintech department expects that work done there will foster “talents for the 4th industrial revolution.”




The price of Bitcoin dropped to $8,800 over the weekend and data shows miners and retail investors led the correction.


On May 24, the price of Bitcoin (BTC) dropped to $8,800 from $9,300. In the next 24 hours, it declined to as low as $8,600, leaving the top ranked digital asset on CoinMarketCap at risk of a bigger pullback.

The initial drop of Bitcoin below $9,000 coincided with a massive inflow of BTC into exchanges and Bitcoin on-chain data indicates key players were selling over the weekend.

According to data, miners, exchanges and retail investors may have led to the decline in the price of Bitcoin over the past three days.

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Bitcoin price is struggling to reclaim $9,000, leading investor sentiment to turn bearish on BTC’s short-term price action.

Bitcoin (BTC) price had a relatively muted day as the digital asset traded between $8,700-$8,885. Currently, the price remains below the ascending channel trendline and the daily candle closed as a neutral doji, showing bulls and bears are in contention on the direction Bitcoin will take over the short-term. As the price searches for direction and its dominance rate drops from 67% to 65.5%, a handful of altcoins continued a multi-day streak of impressive double digit rallies.




The average Bitcoin fee has fallen by nearly 54% over the last five days, but some believe network congestion could push users to altcoins.

After spiking a week ago to levels last seen in February 2018, the average Bitcoin (BTC) transaction fee has fallen by more than half. BitInfoCharts data shows that Bitcoin’s average fee decreased by nearly 54% from $6.65 on May 20 to $3.07 on May 25. The median — or most common — fee peaked at $3.91, but has now fallen to $1.65.




The Global Blockchain Business Council believes the pandemic has shone a light on many systemic inefficiencies that blockchain technology can solve.

The Swiss-based non-profit blockchain industry association, the Global Blockchain Business Council (GBBC), believes that the crises resulting from the coronavirus pandemic have highlighted the benefits of distributed ledger technology (DLT). In email correspondence with Cointelegraph, a representative of the GBBC asserted that DLT can modernize and address the inefficiencies of the systems that underpin the organization of contemporary societies. With this in mind, the GBBC is working to foment dialogue among key policymakers and business leaders on how DLT can “address certain inefficiencies, and in some cases fundamentally shift frameworks and systems in hopes of creating more secure, equitable, and functional societies.” The GBBC will devote significant resources to engaging lawmakers over the coming years.


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A report from Flipside Crypto indicates that no Ethereum (ETH)-based Tether (USDT) tokens have ever been burned. The report has also come to a conclusion that the stablecoin is mostly used by arbitrageurs on centralized exchanges.

The report states that Tether has thus far failed to fulfill its aspiration of providing stability to the DeFi space as postulated by Paolo Ardoino, Bitfinex and Tether’s CTO. Instead, its primary use case, seems to be inter-exchange arbitrage. Another interesting observation is that these arbitrageurs do not send their tokens directly from an exchange to an exchange, but first withdraw them to their wallets. The report speculates that this may be due to the desire to control the swiftness of the transactions. In other words, this way the users can opt to pay higher Gas fees in order to expedite the transfer. In the world of arbitrage, time is money. Despite Tether’s recent rise to becoming the third biggest cryptocurrency by market cap, it remains a controversial project, with numerous questions about its reserve policies.




LG Electronics has joined the governing council of Hedera Hashgraph, the enterprise-grade public distributed ledger platform. LG serves as the council’s fourteenth member, sitting alongside Boeing, Deutsche Telekom, Google, IBM, Tata Communications, and other leading organizations.

Hedera Hashgraph CEO Mance Harmon told Cointelegraph that LG is the first home appliance manufacturer to join the Hedera Governing Council. Harmon noted that LG will specifically work with the other council members to identify ways that distributed ledger technology, or DLT, can benefit consumers and supply chain partners. LG has recently shown increased interest in DLT and blockchain applications. In September 2019, it was reported that the Koren tech giant began developing a blockchain-based phone to rival Samsung’s Klaytn smartphone. LG also just announced a partnership with technology company, Evernym to develop a blockchain-based identification system.




Revolut data shows that U.K.-based retail crypto trade fell by half at the peak of the mid-March crypto crash — but has since recovered.

Data provided by U.K.-based finance app Revolut shows the coronavirus lockdown has impacted the crypto trading habits of its users. Almost a third of Revolut’s 10 million customers have traded cryptocurrency on the app, which caters to casual, retail crypto traders. As the lockdown restrictions were introduced during March, the average size of cryptocurrency purchases from its U.K. customers fell by 58%, from roughly $663 to $281.


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Good day, dear customers and partners.

Thanks for using Zank.com!
As you know, customer feedback is key to running a successful business. We greatly value our customers' feedback and would love to hear from you.

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It'll only take you a minute, and your feedback will help us improve the service we provide to you and to all of our customers.

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The Norwegian-based producer of farmed-salmon, Kvarøy Arctic, has become the latest firm to join IBM’s Food Trust — the tech giant’s blockchain-based supply chain solution for the food industry.

Kvarøy Arctic is a supplier for numerous restaurants and Whole Foods retailers in the United States and Canada, and will now utilize blockchain technology to provide detailed information on the origin of its produce to restaurants and consumers. Information regarding the origin of salmon farmed by Kvarøy Arctic will be accessible to corporate buyers and consumers through QR codes. Customers will be able to access comprehensive information and images detailing the conditions under which the salmon was produced, including the population and density of the habitats in which the salmon were raised, their age, date of harvest, and information concerning the supply route taken from farm to supermarket. The salmon producer is also working with its feed supplier BioMar to also provide its supply chain data to the project.





Ripple’s Xpring initiative has invested at least $500 million in various projects since it was launched in 2018.

The Block’s John Dantoni tracked Xpring’s investments and found that the initiative has contributed to at least 27 projects to date, including Compound, Dharma, Securitize, Bitso and Forte.

Xpring invested $100 million in Forte last year - a blockchain-based gaming platform, which leverages Xpring's open-source Interledger Protocol with XRP serving as a base pair settlement. Many of Xpring’s investments are related to Ripple’s core business model, centered around XRP and payments development, as Dantoni noted. Last year, Xpring made at least 18 investments. This year, the initiative has been quiet, with only two investments so far - in crypto ATM provider Coinme and blockchain platform for decentralized applications NEAR Protocol.




The Office of the Comptroller of the Currency – which regulates banks in the U.S. – is seeking feedback from the public on the digital activities of national banks and federal savings associations, which includes actions related to cryptocurrencies and digital assets.

The OCC published two notices on Thursday, a Notice of Proposed Rulemaking and an Advance Notice of Proposed Rulemaking, which cover a range of topics related to its remit as a regulator of U.S. banks. It's the second of two notices that focuses on digital activities and hones in on the topic of crypto.

The OCC has set a deadline of August 3 for the receipt of public comments. The OCC is currently led by Brian Brooks, a former chief legal officer for crypto exchange Coinbase, on an interim basis.


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Two US-based law firms are the latest victims of the REvil malware group, which is auctioning off their sensitive data.

Ransomware group REvil has started another auction on the dark web listing sensitive data stolen from two US-based law firms. The listing appeared June 6 through REvil’s official blog on the darknet, where bidders look to acquire 50GB of data from Fraser Wheeler & Courtney LLP and 1.2TB of data from the database of Vierra Magen Marcus LLP. Information auctioned includes client information, internal documentation of the company, electronic correspondence, patent agreements, business plans and projects, as well as new technologies that have yet to be patented.

The starting price for the auction listing of Fraser Wheeler & Courtney LLP is $30,000 to be paid Bitcoin (BTC).




In Japan, one of the biggest home builders is making preparations for its contracts on certain rental homes to go on the blockchain.

According to an announcement posted to the company’s website on June 8, Sekisui House said that it would use blockchain for rental housing contracts, including covering electricity and gas. The measures will be implemented before March 2021. Users staying in “Shamaison” rental homes will be able to register their phone numbers and addresses to enter the property without ever contacting a real estate agent. Existing technology makes it possible for Sekisui House clients to open and close doors with just their smartphones.




Cryptocurrency-powered web browser Brave is partnering with the Korean pop group BTS and Rush Gaming to provide a limited edition release of its browser for residents of Japan.

Japan’s Nikkei newspaper reported on June 5 that the Brave Browser and BTS — AKA the Bangtan Boys — have developed a browser exclusively for users in Japan. This is the first known collaboration between a privacy-based browser like Brave and a K-pop boy band. According to the Nikkei, the two aim to find a new touchpoint between idols and fans. Users of the limited edition browser can earn points by watching ads to support Rush Gaming’s e-sports team.


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Japanese crypto firm Freessets has announced a new technology to enhance Bitcoin wallet (BTC) privacy.

According to a June 8 announcement, Freessets has created a system that allows wallets to request their addresses’ Bitcoin balances without revealing it to the servers from which they request the balances or transaction history. The statement said that conventional Bitcoin wallets explicitly ask servers for the balance of their addresses, which links the balance, transactions and addresses. However, “using the technology Fressets has developed, it is mathematically proven that the servers cannot learn anything from the user’s query.”




London-based ETC Group will list the first crypto exchange-traded product on Germany's Xetra digital stock exchange this month. Traders in the UK, Italy and Austria will also be able to deal in shares of the new product.

According to ETF Stream, the ETC Group announced on June 9 that Bitcoin Exchange Traded Crypto (BTCE), an exchange-traded product (ETP), will launch on Deutsche Börse Xetra after it receives approval from German financial regulators. BTCE tracks the price of Bitcoin (BTC) and is physically backed by the cryptocurrency. The Bitcoin will be held in cold storage by digital asset custodian BitGo.




New research from MIT says a decentralized protocol is a must for secure online voting, however the current online voting platform is too centralized and vulnerable.

The pandemic has forced many companies to move their operations online. It has also brought the question of online voting to the forefront of conversation in the United States, which is facing an election year. According to a June 7 paper from researchers at the Massachusetts Institute of Technology and University of Michigan, Democracy Live’s popular online voting platform, OmniBallot, is vulnerable to vote manipulation. Many states have tried OmniBallot, which uses Amazon Web Services to lock in votes, but it has faced security issues. A more decentralized online voting is part of the solution to protect ballots, the researchers say.


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The Human Rights Foundation (HRF) has launched a fund to support software developers working on privacy-focused Bitcoin projects.

The New York-based nonprofit, which aims to promote and protect human rights globally, announced the initiative in a press release on Wednesday. The HRF said it is starting the fund in order to "better serve as a financial tool for human rights activists, civil society organizations and journalists around the world." HRF is also seeking more support via a crowdfunding campaign in which 95% of donations collected will be used to fund the work of selected developers. (The remaining 5% will support HRF's efforts in general.)




The Intercontinental Exchange’s digital asset custody and derivatives platform Bakkt has partnered with crypto asset manager Galaxy Digital to launch a ‘white glove’ service for institutions seeking Bitcoin (BTC) exposure.

The collaboration will see Galaxy Digital Trading’s (GDT) matching engine and trading platform offered alongside Bakkt’s digital asset custody services. The partnership will see GDT source liquidity from over 30 market makers, with trading taking place 24 hours a day, 365 days per year. GDT generated over $1 billion in digital asset volume during the first quarter of 2020 spanning its spot, lending, derivatives, and structured crypto products.




As Bitcoin continues to hold above $9,800, one whale decided now was the time to move more than $1 billion in BTC.

According to blockchain data, an unknown Bitcoin (BTC) trader moved over 132,255 BTC — roughly $1.3 billion — in three transactions just one minute apart on June 11. The cryptocurrency was moved in block 643,133. The transactions came as the price of BTC was still under a key resistance level, $10,000. The massive volume led to speculation the BTC belonged to an exchange or custodial service with one user on Reddit speculating Coinbase Custody was responsible.


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The chairman of the Federal Reserve sees no issues with the massive expansion of the Fed’s balance sheet and believes that inflation will struggle to stay above the target.

Jerome Powell, the chairman of the Federal Reserve, reported on the state of the economy at a Senatorial hearing held on June 16. During the initial report on the state of the economy and the actions taken by the Fed in response to the Coronavirus crisis, the chairman listed all of the extraordinary measures adopted by the bank since March. Part of that included an unprecedented expansion of the Fed’s balance sheet, which purchased securities on the market with newly created money as part of the practice of Quantitative Easing. The remainder of the session largely focused on the perspective of employment after the crisis, as well as the recent decision to purchase corporate bonds, which some senators criticized as being unnecessary.




The Advertising Standards Authority and the Internet Advertising Office joined forces to launch a system to remove scam ads.

The United Kingdom Advertising Standards Authority (ASA) and the Internet Advertising Office (IAB) launched a new system on June 16 to detect and remove online fraud ads. According to the Telegraph, the system will allow people to report fraudulent ads, especially those that appear in paid-for spaces. One of the main motivations behind the alert system is ongoing concerns about the rise in ad scams that are mainly related to crypto-related fraud, said both authorities. Cointelegraph reported in January that the FCA will be monitoring anti-money laundering (AML) and counter-terrorist financing (CTF) for companies carrying out cryptocurrency-related activities.




The World Economic Forum has recognized six blockchain companies on its list of 100 Technology Pioneers for 2020.

The World Economic Forum (WEF) has recognized six blockchain firms on its list of 100 ‘early to growth-stage’ companies as Technology Pioneers for 2020. According to the WEF’s website, the blockchain and crypto startups recognized for pioneering new technologies and innovations in 2020 are Lightning Labs, Chainlink, MakerDAO, Bitcoin analytics firms Elliptic, Latin America-based cryptocurrency startup Ripio, and Veridium Labs. They’re among 100 companies from around the world chosen for their contributions to bleeding edge technology, from “artificial intelligence to diagnose cancers and quantum computing systems, to carbon capture and removing technologies, cell-grown meat production and use of microbiome to track goods”.


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Tether (USDT) makes a $10 million equity investment in the crypto lending platform Celsius Network (CEL) at a $120 million pre-money valuation, bringing the post-money valuation to $150 million.

The company has raised $30 million in its first equity round. In 2018, Celsius completed a $50 million ICO. Celsius CEO Alex Mashinsky told Cointelgraph that his company has continued its policy of not fundraising from venture capital. Mashinsky also pointed out that the equity sold in this round does not come with voting rights. This ensures that the investors will not be able to force the company to change its core mission of sharing 80% of the profits with the community.




Morgan Creek’s Anthony Pompliano presses pension funds to allocate 1-5% of their portfolios to Bitcoin.

As pension funds struggle with their funding, Morgan Creek Digital co-founder Anthony Pompliano continues to press them into adding more Bitcoin into their portfolios. In a letter to investors, Pompliano said pension funds like the California Public Employees’ Retirement System (CalPERS) will do well to invest in Bitcoin instead of increasing their allocations of illiquid assets.

Morgan Creek has long pushed for more pension funds to take at least 1% allocation in Bitcoin. CEO Mark Yusko said in January that if foundations had a 1% allocation five years ago, they would’ve made 9.2% in alpha--or the performance of a portfolio relative to a benchmark--than the 7.2% they actually made in that time period. So far, there are two pension funds from Virginia that invested in Morgan Creek.




VeChain’s medical records blockchain platform in Cyprus lets people prove, and control, COVID-19 test results.

Blockchain tracking platform VeChain announced on Twitter on June 20 that its blockchain-based medical data management platform co-developed with digital healthcare solution firm I-Dante has gone live and will store COVID-19 testing results. The platform, dubbed E-NewHealthLife, was deployed in the Mediterranean Hospital in the Republic of Cyprus.

Cyprus citizens who go to the hospital’s COVID-19 laboratory to undergo real-time diagnostic and antibodies testing, will have their medical and test records on the blockchain. The records will be encrypted, hashed and uploaded onto the VeChainThor Blockchain. The results will also be available on the E-HCert application. Adoption of E-HCert, the company said, reduces the cost of data storage and sharing.


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A study by Scamwatch suggests cryptocurrency scams are a real threat in Australia.

Australians filed 1,810 reports of cryptocurrency-related scams in 2019, collectively totaling more than $21.6 million AU ($14.9 million USD). According to a study by Scamwatch, an arm of the Australian Competition and Consumer Commission, younger Australians aged 25 to 34 were those most heavily affected by crypto investment scams. Scamwatch’s study reveals a sharp increase in total losses related to scams over the past two years, from $234 million in 2017 to $437 million in 2019.




CBDCs Don’t Fix Broken Monetary Policy, Say Execs at Stablecoin Saga. CBDCs promise to speed up existing systems but are unlikely to change the direction central banks have already been taking.

As countries around the world dive into central bank digital currencies (CBDC), many in the crypto industry look forward to what that means for adoption and even lucrative partnerships to develop such tokens. However, at least some commentators have noted that national CBDCs will likely disappoint those looking to update monetary policy. Saga operates a stablecoin, SGA, that launched in December. It is pegged to special drawing rights. The SDR is a basket of currencies that the International Monetary Fund bases on a varying ratio of dollars, euro, yuan, yen and pounds sterling.




Nanjing, China is basically using the blockchain to drive a local economic stimulus program.

In order to reduce the COVID-19 pandemic’s impact on business, Chinese governments at all levels have been coming up with different policies and solutions to help the economy survive. Nanjing, the capital of China eastern Jiangsu province, is one of the first cities in China to leverage blockchain technology and issue so-called “consumption vouchers” on the blockchain as a kind of crypto-driven stimulus package, according to a local news report on June 23. These vouchers are exchangeable for things like food, transportation and electronics.


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Sveriges Riksbank, Sweden's central bank, took a 98-page deep dive into central bank digital currencies, or CBDCs, referencing the country's own such asset — the e-krona.

"The second issue of Sveriges Riksbank Economic Review in 2020 has a special theme, namely central bank digital currencies (CBDC) and the e-krona," Riksbank's June 18, 2020 report said in an initial note to readers. In December 2019, Sweden unveiled intentions for a pilot program around its e-krona, in collaboration with Fortune Global 500 company Accenture.




Australians can now pay for Bitcoin (BTC) at the country’s post offices, thanks to a new collaboration.

According to a June 24 announcement, customers of local cryptocurrency exchange Bitcoin.com.au will be able to pay for Bitcoin at more than 3,500 Australian Post offices. Bitcoin.com.au customers were already able to pay for Bitcoin at 1500 retail outlets in the Blueshyft payment network. Founded by Synthetix’s Kain Warwick, Blueshyft also services numerous other exchanges.




Lending platform Defi Money Market (DMM) — backed by Tim Draper’s Draper Venture Network — has had a difficult birth.

The Initial DEX Offering (IDO) has completed successfully, raising $6.5 million in 48 hours, but investors reported problems with completing transactions, a confusing interface or raised trust issues around the company’s background.Despite the issues, DMM’s DMG token is currently trading at $0.87, over double the initial sale price of $0.36. DMG has also had the highest trading volume on Uniswap in the past 24 hours with $4.8 million being traded against Ether (ETH).


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As central bank digital currencies continue to be researched and tested by countries across the globe, it becomes more apparent that the United States dollar’s reign might be challenged once the concept is implemented on a regional scale.

While most retail CBDCs focus on internal economic matters, some projects aim to facilitate trade relations within a specific region, forming a digital alternative to the greenback. The most eloquent example would be the East Asia cryptocurrency that was proposed earlier in June — a virtual asset backed by a basket of currencies including the Chinese yuan, Japanese yen, South Korean won and Hong Kong dollar.

The United States dollar remains the undisputed king when it comes to international trade. According to the International Monetary Fund, around 61% of all foreign exchange reserves are allocated in the dollar as of 2019. Similarly, the U.S. sovereign currency serves as the main medium for cross-border deals, even for deals not involving the U.S. itself. For instance, 86% of India’s imports are paid for in dollars, while only 5% of them actually originate in the U.S.




A group of researchers from SophosLabs state that hackers operating the cryptojacking malware, Glupteba, have been using the Bitcoin blockchain network to communicate in secret.

According to the report published on June 24, cybercriminals rely on a command and control center where they send encrypted secret messages that require a 256-bit AES decryption key. The purpose of the communication channel is for hackers to receive updated configuration information for the malware. This data is used by attackers to obtain precise instructions and thus update the malicious software. Glupteba is what’s known as a zombie or software robot that can be controlled remotely. It has various functions such as a rootkit, security suppressor, virus, router attack tool, browser stealer, and as a cryptojacking tool.




Tokai Tokyo Financial Holdings, one of the major traditional Japanese financial institutions, has unveiled a plan to develop a security token exchange. Tokai Tokyo is already an investor in Huobi Japan.

According to Nikkei, as the first step in the journey, Tokai Tokyo is investing in blockchain company Hash Dash Holdings to leverage the company’s knowledge to develop the exchange. Hash Dash aims to apply blockchain technology to the financial industry for issuing digital securities and providing a trading service on smartphones. The planned exchange will trade in tokenized real estate, and Tokai Tokyo, Hash Dash and ICHX TECH will explore this sector by digitizing Japanese real estate and trade it at iSTOX, a digital security exchange in Singapore it has invested in. They are also exploring digitizing IPs and corporate bonds.


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Building Cities Beyond (BCB) Blockchain, a Singapore based tech solution company for smart cities, has launched an innovation grant, worth $15 million, to encourage development on its ecosystem, according to Fintech News Singapore.

The BCB Innovation Grant is said to target up to 1,000 projects within Asia. The $15 million grant will cater to technology startups in the region, with grant participants also gaining access to BCB workshops and facilities to assist and bolster their development capabilities. BCB will also set aside $2.8 million of its innovation grant to fund game development projects on the BCB platform, in order to attract developers to its platform.




The Australian Cyber Security Centre said a group of “state actors” hacked Australian networks on June 19 and one of the vulnerabilities they exploited is related to cryptojacking malware attacks.

According to the 48-page report released on June 24, the threat actors exploited four critical vulnerabilities in Telerik UI, including CVE-2019-18935, which was recently leveraged by the Blue Mockingbird malware gang to infect thousands of systems with XMRRig, a Monero (XMR) mining software.




While 80% of the world's central banks are exploring digital currency, China has been on this particular journey for a good six years. In 2014, Xiaochuan Zhou, then Governor of the People's Bank of China, established a Digital Currency Research Institute with the goal of exploring its potential use for the PBOC, which is the country’s central bank. The following few years saw the birth of a few research centers scattering across the country.

Now that 6 years have passed, DCEP—the abbreviation for “digital currency, electronic payment”— is China’s answer to a digital currency issued by the central bank. (It’s 数字货币 in Chinese, which means “digital currency” but plenty of people there actually use the English "word" DCEP.) Pilot projects have been ongoing in Shenzhen, Xiongan, Chengdu, and Suzhou, where it’s being used for things like transportation, education, healthcare, and other consumer goods and services. It's slowly gaining momentum, and from the outside, DCEP looks awfully like any other cashless payment solution.


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Japanese blockchain company Soramitsu announced it would start testing a new local digital currency for retailers at the University of Aizu.

According to a June 29 report in the Nikkei newspaper, Soramitsu will begin testing “White Tiger,” a digital currency sitting on the company’s native Hyperledger Iroha blockchain. The digital asset will be tested at cafeterias and shops at the University of Aizu in Fukushima Prefecture, 300 km north of Tokyo, starting on July 1 before gradually being utilized at locations off campus. Soramitsu, based in Tokyo, is one of the blockchain startups behind the development of a central bank digital currency in Cambodia.




Ethereum-based market-making protocol Balancer has announced that it will compensate users who lost their tokens in a protocol attack associated with two deflationary tokens.

The attack took advantage of the fact that deflationary tokens STONK and STA both charge transfer fees when trading. At the same time, their associated Balancer pools do not immediately account for those fees. It means that the pool balance will show more STONK or STA than the actual number, leaving attackers opportunities to respectively trade STONK and STA, incurring transfer fees and thus draining the two tokens. When there were very few tokens left in the pools, the attackers called a function to sync the displayed balance of the pools with the actual balance, resulting in a sharp drop in STONK and STA supplies and pushing up their prices against other assets they paired with.

Balancer is expected to announce details of its reimbursement process by the end of the week.




Last week’s release of Apple’s iOS 14 developer beta for iPhone has made it more obvious than ever that many popular iOS apps are reading your clipboard data even when they have no clear reason to—and they can do so from other nearby Apple devices, too.

The alarm was first sounded back in March when researchers Tommy Mysk and Talal Haj Bakry reported that social video sensation TikTok and dozens of other apps were regularly recalling data from the iOS and iPadOS clipboard, even when you’re not in a text input box. And as Ars Technica pointed out in a recent report, that data could potentially include Bitcoin addresses or other sensitive financial information.


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SBI Financial Services, a subsidiary of Japanese financial giant SBI Holdings, has bought a $30 million minority stake in British crypto liquidity startup, B2C2.

The investment marks the beginning of a strategic partnership between the firms as B2C2 is set to become SBI’s main liquidity provider. As announced on July 1, the collaboration is aimed to expand SBI’s crypto offering to millions of customers. B2C2 is intended to benefit from SBI’s distribution network as the London-based startup launches an electronic prime brokerage. As reported, SBI’s new crypto fund will mostly operate XRP, which is planned to account for 50% of the fund’s portfolio. Other digital assets include Bitcoin (BTC) and Ether (ETH), comprising 30% and 20%, respectively, based on a chart from SBI’s presentation.




Kazakhstan says it will double its digital currency mining investment at the end of this year, and is eyeing a CBDC.

Kazakhstan officials revealed the nation’s digital currency development plan to experts from Russia and China at "2020 Astana Online Financial Day". According to the China Ministry of Commerce on July 1, Kazakhstan plans to double its digital currency mining investment by the end of this year, and continues to develop its central bank digital currency. According to the report, Kazakhstan's digital currency mining project attracted 82.6 million Tenge, which is about 20 million USD. The scale of this investment will increase by 80 million Tenge in 2020.




OKCoin's COO said a PayPal crypto listing would give the industry vast exposure.

Rumors recently surfaced of mainstream payment giant PayPal adding crypto as an option on its platform. Although he had no additional information on the legitimacy of the rumors, OKCoin COO Jason Lau said digital assets on PayPal would further crypto adoption.


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Per a July 2 announcement, the Office of the Comptroller of the Currency (OCC) and the Consumer Financial Protection Bureau (CFPB) are opening up virtual hours for industry players looking to discuss innovation and new technologies in banking.

The new meetings will be capped at one hour in length and are currently slated for just two days, July 29-30. Those interested need to register by July 17. Depending on the success of these meetings, they may become a more regular feature. The Securities and Exchange Commission’s FinHub recently announced virtual meetups to build on a longer tradition of peer-to-peer engagement. The Commodity Futures Trading Commission similarly held one-off meetings in February, before COVID-19 lockdowns took hold around the U.S.




Jeff Bezos, CEO of online shopping giant Amazon, recently tapped record wealth levels, holding more personal wealth than all the speculative capital currently invested in crypto's largest asset — Bitcoin (BTC).

“Amazon stock shares surged 4.4% to a record $2,878.70 Wednesday, boosting the founder’s world-leading fortune to $171.6 billion,” Bloomberg said in a July 1 article. “That tops his previous high of $167.7 billion, set on Sept. 4, 2018, according to the Bloomberg Billionaires Index.” At press time, Bitcoin holds a market cap of approximately $166.4 billion, according to Coin360 data, showing the value of all BTC in circulation at the asset’s current price level.




The Commons Foundation, a South Korean non-governmental organization, revealed its plans to develop a blockchain-based platform that aims to handle health epidemics in the wake of the COVID-19 crisis.

According to Digital Today, the NGO will rely on blockchain public services to create an epidemiological research system to suit the coming post-coronavirus era. The article quotes a statement from Choi Yong-gwan, chairman of the Commons Foundation, who expressed concerns regarding the ongoing violation of personal information due to the pandemic emergency. Such a situation motivated the NGO to develop a solution. The NGO explained that a public blockchain network, called “MicroBitcoin”, will be the one that the Common Foundation relies on to develop the platform. They have chosen it for its solidity and security, and state the technology is robust enough to prevent the compromisation of hackers.


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In a special announcement made at the Unitize conference on July 6, Cosmos, Polkadot, and Terra revealed a new DeFi savings product called Anchor that aims to offer dependable interest rates on stablecoins deposits.

The companies involved in the creation of Anchor plan to launch it across their respective blockchains at the end of Q3 this year and scale across to other PoS blockchains in the future. Anchor’s smart contracts receive stablecoin deposits and use a portion of them to acquire staking positions on compatible Proof of Stake blockchains. Users will receive their passive income from these staking rewards.





Seven-day average hash rate passes 123.4 EH/s for the first time as network fundamentals defy bearish price action.

An essential Bitcoin (BTC) metric has hit a new all-time high as miners pledge ever more computing power to securing the network. Data from various resources including Blockchain confirms that on July 6, Bitcoin’s seven-day average hash rate reached a new peak.




One of India’s largest farmer producer organizations plans to use blockchain to help farmers receive higher pay.

One of India’s largest farm producer organizations (FPO), Sahyadri Farmers Producer Co, is integrating blockchain into its business process. FPOs are member-based institutions of farmers that are the result of a government-led initiative. The organizations help fars sell agricultural produce at the most advantageous prices.


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The world’s second-highest-valued unicorn startup has partnered with the Chinese central bank to work on the forthcoming digital yuan.

According to an announcement DiDi shared with Cointelegraph earlier today, the company has entered into “a strategic partnership” with the Digital Currency Research Institute of the PBoC. Together, DiDi and the PBoC’s think tank will reportedly work to bring the DC/EP solution to the former’s large-scale transportation network, which DiDi also refers to as “the world’s largest one-stop on-demand transportation platform.”

Primarily known as the Uber of China, DiDi claims to have 550 million users across Asia, Latin America and Australia. Its services mainly include public transportation and food delivery, while the company’s latest reported plans are to create an autonomous vehicles subsidiary and release more than one million self-driving cars by 2030.




The Japanese government will appoint Ryozo Himino as the next commissioner of Japan's Financial Services Agency.

iji Press reported on July 7 that the Japanese government has decided to appoint Ryozo Himino to the next commissioner of Japan's Financial Services Agency (FSA). The official announcement will be made this month. Cointelegraph has reached out to FSA to confirm the news but has not received replies yet. Himino, currently the International Financial Deputy Counselor, is known on the international stage. Last September, he became the first Japanese Chairman of the Standing Committee of the Financial Stability Board (FSB). Himino is considered sympathetic to the crypto industry.




Coinbase, the largest U.S. cryptocurrency exchange, believes other countries are much more open-minded in terms of crypto regulation and taxes than America.

Lawrence Zlatkin, chief tax officer at Coinbase, shared the exchange’s outlook on taxation and the global cryptocurrency market during a Unitize panel on July 7. He was joined on the panel by Fidelity’s senior tax counsel Jessica Reif-Caplan and Deloitte’s global tax leader, Rob Massey. During the discussion, the speakers highlighted the lack of clarity around cryptocurrency taxation in the U.S.. According to the tax experts at Coinbase and Fidelity, the uncertainty is a result of the complex nature of digital assets as well as a huge variety of different types and features of different coins.


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Development of China’s central bank digital currency, or CBDC, continues to show signs of progress. On July 8, a major domestic e-commerce platform and a video sharing site both joined the CBDC project, according to local news.

Companies Meituan and Bilibilibili have apparently both begun to cooperate with a number of banks involved in the digital Yuan project. Meituan is a major service platform with over 240 million consumers and five million local merchants, and Bilibilibili is known as China’s largest video sharing website. In addition, Chinese multinational tech group, ByteDance, is also said to be in close discussion with the banks about CBDC collaboration.




BitFlyer, the biggest crypto exchange in Japan in terms of trading volume, has announced a partnership with Brave, the privacy-protecting browser.

No further details about the new crypto wallet have been made available. Japanese users of Brave browser are rewarded with Basic Attention Token Points (BAP), due to regulations that prevent them from earning the cryptocurrency BAT, or trading their points for money on exchanges. The announcement is likely to fuel speculation that the new crypto wallet could pave the way to enable Japanese users to earn BAT, instead of BAP, or somehow convert between the two.




The U.S. Department of Justice, or DoJ, indicted Andrey Turchin, known under the pseudonym "fxmsp," with various federal crimes. Turchin allegedly founded a cybercrime group that targeted the computer networks of several companies. After stealing each company’s data, Turchin’s group allegedly sold the data on the dark web.

Turchin, a 37 year old Kazakhstan national, is affectionately known on the dark web as "the invisible god of networks." He allegedly sold access to thousands of networks breached with his malware attacks, amassing a million dollar crypto fortune over the course of three years. The Western District of Washington is now conducting criminal indictment procedures against Turchin, who is accused of attacking companies based in over 40 countries.


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Central Bank Digital Currencies, or CBDCs, have been an increasingly popular topic in the cryptosphere and financial world as a whole, especially with the onset of the COVID-19 crisis. In the United States, the need for a universal electronic payment system for stimulus checks gave rise to a proposition for the creation of a digital dollar and its implementation.

While members of the U.S. government move to create a CBDC on the back of the pandemic, it doesn’t end there. A recent report by the Bank for International Settlements has also revealed that the development of CBDCs may be accelerated by the impact of the coronavirus on retail payments, which have seen a sharp decline in cash payments due to concerns over viral transmission. However, CBDCs have been in the works for many years in some countries, as there are many other benefits in the eyes of lawmakers that speak in favor of introducing them. In fact, the Chinese government has been working on its digital yuan since 2015, with few details about the project being known.




Amid the COVID-19 pandemic, one thing is clear: The video games industry is thriving. As people around the world find themselves with more time on their hands thanks to government-mandated lockdowns and a partial economic shutdown, video game sales have skyrocketed.

Despite being overshadowed by some of the more glamorous uses for blockchain technology, the gaming industry may be poised for a generational leap forward with the advent of asset tokenization — a practice that could expose the gaming industry to a whole new wave of investors while simultaneously unlocking myriad benefits for the world’s 2.5 billion gamers.




Digital currency payments may become a reality for G20 members before the next summit in Saudi Arabia.

As reported by Kyodo News on July 11, officials revealed that the G20 summit compromising representatives from 19 countries and the European Union will be laying the groundwork to accept digital payments. The changes are expected to begin in October, presumably at the G20 Finance Ministerial and Deputies Meetings in Washington DC and before the next summit in Riyadh in November.


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The World Economic Forum believes that blockchain could contribute to a $365 billion savings by 2030 by reducing food loss and waste in the food supply chain.

A report published by the World Economic Forum, or WEF, highlighted the critical role of fourth industrial revolution technologies. New technologies like blockchain could help stimulate growth by implementing “nature-positive” solutions following the COVID-19 outbreak. According to the “Future of Nature and Business” study shared with Cointelegraph, nature-friendly solutions could have the capacity to create 395 million jobs and generate $10.1 trillion in business opportunities by 2030.




Xiao Gang, the former chair of the China Securities Regulatory Commission, says in his latest book on China capital market reforms that the development of a central bank digital currency (CBDC) will pave the way for digital stocks.

Stocks and currencies are separate entities in traditional finance, however blockchain-based digital currencies blur the boundaries between the two and raise new possibilities. Xiao adds that “digital stock is the natural product of digital currency in the future.” Before that can happen a number of challenges that need to be explored in theory and practice including: how to connect the CBDC with the digital capital market, how to prepare smart contracts to issue digital stocks, and how to use the digital currency to carry out digital stock trading and settlements.




The Japanese government is expected to include consideration of a central bank digital currency (CBDC) in its official economic plan. The news comes 10 days after the Bank of Japan’s announcement that it will start experimenting with the digital yen to check its feasibility from a technical perspective.

According to Nikkei, the consideration of CBDC will be included in the Honebuto Plan for Economic and Fiscal Revitalization. The Honebuto Plan is the basis for Japan’s economic and fiscal policy and the report says the Japanese government “will consider a CBDC while coordinating with other countries”. After China began testing its CBDC or digital yuan, the Japanese government has accelerated preparations for its own CBDC.


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Elliptic says 22% of bitcoins from Twitter hack were likely sent to a Wasabi Wallet address for mixing

Blockchain analysis company Elliptic released a report today saying 2.89 bitcoins were sent to an address it believes to be a part of a Wasabi Wallet. According to the report, the funds, which account for 22% of the funds obtained by the Twitter hacker, were sent to a Wasabi Wallet address late Thursday night. Elliptic used a special feature to identify Wasabi Wallet addresses using what it called "distinctive transaction patterns." Blockchain data analyzed by The Block Research previously identified signs of mixing transactions.




The “Mekotio” trojan went from conventional banking malware one fine-tuned to steal crypto.

According to a report published by cybersecurity firm ESET, the malware is known as “Mekotio” and has been active since approximately March 2018. Since then, threat actors have been continuously upgrading the capabilities and range of attack, mostly known by targeting over 51 banks.




Bitcoin’s (BTC) consistent failure to break the $9,400 level over the past three weeks has led to some analysts becoming skeptical about the chance of a positive breakout.

Although the $9,000 support has been holding strong for the past 50 days, any slightly negative indicator tends to get more attention from media and pundits. Recently, crypto media has focused on Bitcoin’s 25 % skew as proof that options traders are turning bearish in the short-term, but in reality there’s more to it than just interpreting signals from one data point.


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The former chief operating officer at disgraced payments firm Wirecard has reportedly transferred "significant sums" of bitcoin following his escape from Germany, according to reporting by a leading German business newspaper Handelsblatt.

Jan Marsalek was a key figure behind the breakdown of Germany-based Wirecard, which has made headlines for filing for insolvency and allegations of improper accounting tied to billions of dollars that went missing from its balance sheet. The transfer of bitcoin suggests Marsalek is now in Russia. As per German publication Handelsblatt, Marsalek has been missing for weeks and he "is said to have brought significant sums to Russia in the form of bitcoins from Dubai, where Wirecard had dubious operations" as per a translation of a Sunday evening report.




Payments giant PayPal is said to have partnered with Paxos Crypto Brokerage to launch its crypto service.

Paxos Crypto Brokerage was launched last week, with Revolut U.S. as its first client. The API-based brokerage service allows fintech firms to integrate crypto buying, selling, holding and sending capabilities into their own applications. Paxos handles all regulatory, technological, and liquidity aspects, while fintech firms take care of front-end experiences.




Barry Silbert, CEO of cryptocurrency investment firm Grayscale Investments and Digital Currency Group, believes the United States is past the point of no return for banning Bitcoin.

The CEO said relationships with regulators are much better off due to the effort made by groups including the Blockchain Association — a group speaking out in favor of many blockchain and crypto companies in front of the SEC — and Coin Center, a non-profit crypto advocacy group. Grayscale reported a substantial increase in the inflow of cryptocurrencies for Q2 2020, which totaled $905.8 million. This was up from $503.7 million in Q1.


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The CEO of a crypto firm that recently settled with the SEC over its 2017 ICO is suing T-Mobile over a series of SIM-swaps that resulted in the loss of $8.7 million worth of crypto.

According to filings published on July 22, the chief executive of crypto company Veritaseum, was first targeted by SIM-swappers during July 2017. Despite immediately reporting the incident to T-Mobile, Middleton claims to have been the victim of four successful SIM-swaps over the rest of 2017, and further attacks during 2018 and 2019.





Gibraltar Finance, the business development arm of Gibraltar’s government, will provide support to the forthcoming Post-COVID Hackathon.

Gibraltar Finance has been announced as an official partner of the upcoming Post-COVID Hackathon — a global, online initiative intended to create open-source solutions addressing the health, social and economic challenges posed by the post-COVID-19 era. The event is expected to see participation from hundreds of teams internationally building in the distributed ledger technology (DLT) sector, with over 200 industry experts slated to assist participants.




As real estate security tokens grow in popularity, tZERO has partnered with Aspen Digital to support trade in a five-star resort-backed token.

Leading security token exchange tZERO has partnered with Aspen Digital Inc. to enable trade for Aspen’s digital security. The ‘ASPEN’ token, previously dubbed ‘Aspen Coin’, represents $18 million worth of indirect ownership in the St. Regis Aspen Resort — a five-star, 179-room hotel situated in Colorado. ASPEN’s listing on tZERO comes as the popularity of real estate tokens continues to show steady growth.


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Brave Browser takes the security and privacy of iPhones and iPads to the next level by partnering with Guardian, provider of VPN and Firewall services.

July 27, Brave Software partners with Guardian to bring greater levels of security and privacy to the iPhone and iPad users. This partnership will combine the privacy stack of the two companies — Brave’s privacy focused browser with Guardian’s VPN and firewall service. The iOS users of Brave Browser will be able with one click to turn on Brave Firewall + VPN that will protect the entire device from privacy intruding trackers.




China’s Blockchain-based Service Network (BSN) will be integrating with some of the most well-known public blockchains over the next 12 months.

He Yifan, CEO of Red Date Technology, the private company behind the BSN, told Cointelegraph that the network aims to integrate with 30–40 public blockchain networks by June 2021. In the following year, it will further integrate more blockchains to purportedly double that number. Launched in April, BSN is China’s first government-backed blockchain initiative that was initially positioned to help small to medium-size businesses and entrepreneurs build and deploy blockchain applications on permissioned blockchains. It has since registered 6,000 enterprises and individuals on the network.




Registered by Swiss crypto investment manager FiCAS, the new Bitcoin Capital Active ETP trades crypto without direct investor involvement.

Swiss SIX Exchange, one of the world’s largest stock exchanges, is listing a new cryptocurrency exchange-traded product, or ETP. Dubbed the “Bitcoin Capital Active ETP,” the new trading product represents an actively managed crypto ETP, trading Bitcoin (BTC) against 14 top altcoins like Ether (ETH) and exiting to fiat without active involvement from investors. Claimed to be the world’s first actively managed crypto ETP, the new product is now listed on SIX Exchange under index BTCA.


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Bakkt breaks another record with more than 11,700 Bitcoin futures contracts traded on Tuesday.

Intercontinental Exchange subsidiary, Bakkt, is reporting record numbers of trades for its monthly Bitcoin futures contracts as BTC prices made a new high for the year. The institutional investing platform reported its highest ever figure for Bitcoin monthly futures on Jul. 28 with 11,506 contracts — an increase of 85% over the previous record. The move followed a surge in the underlying asset’s price to a 2020 high of $11,400.




New York investment bank Goldman Sachs is raising its price target for gold while sounding the alarm about risks to the U.S. dollar.

In a note to clients Tuesday, the bank reaffirmed its position of gold being "the currency of last resort" amid uncertain economic conditions, raising its price target for gold to $2,300 per ounce after a surge to record levels earlier this week. The bank tied the metal's rally to a "potential shift in the U.S. Fed towards an inflationary bias against a backdrop of rising geopolitical tensions, elevated U.S. domestic political and social uncertainty and a second wave of Covid-19 related infection."




Hackers have transferred roughly $38.7M out of $1.3B worth of Bitcoin from wallets connected to the infamous 2016 hack of crypto exchange Bitfinex.

Some of the 119,756 Bitcoin that was stolen from crypto exchange Bitfinex in 2016 has started moving again. According to a series of tweets posted by Whale Alert on July 27-28, wallet addresses known to be associated with one of the largest breaches ever of a crypto exchange moved 3503 Bitcoin (BTC) — worth roughly $38.7 million — over 12 transactions. The largest individual movement was of 476.32 BTC, or approximately $5.2 million, while the smallest was 2.612703 BTC, or $28,849.


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In a letter to investors released on July 29, Pantera Capital CEO Dan Morehead noted that the United States has printed a shocking amount of money to combat the pandemic-induced financial crisis.

“The United States printed more money in June than in the first two centuries after its founding,” Morehead wrote. “Last month the U.S. budget deficit — $864 billion — was larger than the total debt incurred from 1776 through the end of 1979.” Morehead made it clear that Pantera Capital sees Bitcoin as the solution for the current crisis. He also contrasted the effects of money printing in recent months, to how the equivalent amount of currency had performed across centuries.




Despite early hype, real estate tokenization has failed to garner significant momentum, leading some to question its future viability.

As the initial coin offering (ICO) boom subsided and the 2018 crypto bear trend began to set in, many analysts predicted that security tokens may drive the next market cycle — with the vast capital locked in the real estate sector being eyed hungrily for tokenization. However, with the Bitcoin halving, Ethereum 2.0, and the emergence of DeFi capturing the imagination of crypto markets recently, real estate tokenization is no longer the flavor of the month, and some are questioning its viability.




US GDP dropped a mammoth 32.9% in Q2, sharply contrasting with a cryptocurrency market that grew over the same timeframe.

The gross domestic product of the United States just had its worst quarter-to-quarter drop in history. But the economic slump hasn’t had an adverse effect on Bitcoin crypto. According to the US Department of Commerce’s Q2 report, US GDP fell 32.9% in Q2, the worst quarter-to-quarter change in the country’s history. The second worst plunge came in 1921, when GDP fell some 28%. For comparison, the most drastic hit to GDP during The Great Recession was in the ballpark of 8%.


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Travala.com now offers a total of 3 million accommodation options users can book with cryptocurrency.

Online travel booking platform Travala.com has added one million new homes across 195 countries to its site with the release of a designated home bookings section called ‘Homes’. Holiday homes and apartments can be booked with over 30 different cryptocurrencies including Bitcoin (BTC), Ether (ETH), Binance Coin (BNB), and Travala.com’s native coin AVA.




ShareRing has launched an anonymous e-passport app with contact tracing in an effort to revive the $9 trillion global tourism industry.

Enterprise-focused blockchain company ShareRing has launched a blockchain based contact tracing solution it will offer to 2.6 million hotel and activity providers that currently use one of the company’s services. The anonymous e-passport app hopes to solve the privacy issues facing similar tracing apps. ShareRing’s app, which focuses on tourism’s $9 trillion tourism industry, allows users to upload important documentation, such as e-visa on arrival (eVOA), passport information, travel insurance, flight and accommodation bookings and a negative COVID-19 test result.




Bloomberg finds Ethreum’s bull run to be speculative while contending that Bitcoin’s appreciation is driven by fundamentals.

The report points out that Ethereum faces “plenty of competition from similar crypto platforms and about 6,000 tradable coins.” On the other hand, Bloomberg has remained consistently bullish about Bitcoin, noting its gold-like qualities and increased institutional demand. The success of the DeFi space has led to the appreciation of Ether, with some comparing it to the ICO boom. As more smart contract platforms mature, competition will only get tougher. When it comes to the world of professional investors, Ether does not have a clear selling point like Bitcoin’s limited supply.


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The Chinese academic sector is “seriously lagging” in terms of keeping up with demand for blockchain specialists.

As the blockchain industry keeps expanding across China, there are concerns that the academic sector is failing to keep up with demand for comprehensive, undergraduate, blockchain-related educational programs. The head of the Digital Economy Development Research Center at the Beijing-based Communication University of China, Sun Daojun, said the first batch of “blockchain graduates” will start courses later this year and complete their studies in 2024.




The Cannabinoid Association of the Netherlands has unveiled a blockchain-based CBD tracker for customers to trace a product’s journey from seed-to-sale.

Cannabidiol users concerned about the quality of their product in the EU can now trace the plant’s journey from when it was first planted in the fields to when it was sold in retail stores. An Aug. 6 statement from the Cannabinoid Association of the Netherlands (CAN) revealed it would make a blockchain tool — CanCheck — free for consumers to track cannabidiol (CBD) products in the EU online. HempFlax, one of the group’s founding members, and Europe’s largest independent grower and processor of industrial hemp, will be one of the first to offer traceable CAN products.




A new analysis suggests the token supplies for most DeFi projects are not widely distributed, with up to 99% held by the top 500 addresses.

Token supplies for most decentralized finance (DeFi) projects are not widely distributed according to an analysis by the co-founder of DeFi Italy and Head of CryptoLab’s Digital Assets Investments Simone Conti. He compiled data from Defi Pulse and Etherscan that suggests that 90% of tokens for almost all DeFi projects are held by the top 500 addresses. For three of the projects, that figure rises to 99%.


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Researchers at the Black Hat security conference revealed that crypto exchanges might be vulnerable to hackers. Although crypto exchanges have high privacy and security to protect their funds, researchers still found three ways hackers can attack these crypto exchanges, according to Wired on August 9.

Aumasson, a cryptographer, and Omer Shlomovits, cofounder of the key-management firm KZen Networks broke down the attacks into three categories: an insider attack, an attack exploiting the relationship between an exchange and a customer, and an extraction of portions of secret keys.




Blockchain and crypto data platform LongHash revealed on August 8 in a tweet that China’s blockchain sector has grown substantially despite the pandemic this year. It stated that over 10,000 blockchain companies were established between January and July.

The report also shows the current number of blockchain-related companies in China is on track to surpass 2017’s total figure. LongHash said 2020 could also pass 2018’s total of 18,500 and for a new all-time high.




The president of the Minneapolis Federal Reserve, who once claimed the Federal Reserve was flush with cash, called for a nationwide lockdown to fight COVID-19.

In an op-ed in The New York Times, Neel Kashkari and co-writer Michael T. Osterholm of the Center for Infectious Disease Research and Policy at the University of Minnesota said a more restrictive lockdown of up to six weeks is necessary to fight the virus and save the economy.


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In a Cointelegraph interview, director of IBM financial services and digital assets, Nitin Gaur, shared how the technology company is helping financial institutions to capitalize on the DeFi movement.

Gaur — the author of Blockchain for Business — says it is essential that banks understand and embrace DeFi space. DeFi presents a set of regulatory challenges to financial institutions and IBM believes it can help their clients navigate it. However, most financial institutions are still in early exploratory stages when it comes to DeFi, and are stuck at the crossroads between true decentralized finance and just digitizing traditional securities. Regardless, Gaur foresees an entry “of the large banks, starting with investment banks.”




With sentiment suggesting Bitcoin and the crypto markets are about to go on a bull run, seasoned old timers are warning about the lessons learned from previous rallies.

With Bitcoin correcting 5% in the past day, the Crypto Fear & Greed Index is back to 75. A measure of sentiment that looks at the volatility, market volume and social media activity of digital, a reading of 75 equates to “greed”, down slightly from 84 — or “extreme greed” on Aug. 10. But either way expectations are high of boom times ahead.




Bitcoin acts more like a tech startup stock than digital gold — with investors reaping big rewards if it works but potentially losing everything if the crypto asset fails.

That’s the conclusion of an Aug. 10 report from digital asset manager CoinShares titled A Little Bitcoin Goes a Long Way. In it authors James Butterfill and Christopher Bendiksen argue that the fact Bitcoin (BTC) “starting its life at a price of zero” gave it a stellar reputation.


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The global P2P markets are pumping, with numerous African and Latin American markets touching new all-time highs for volume.

Combined global peer-to-peer (P2P) Bitcoin trading volumes have surged to their highest levels since January 2018, with nearly $95 million worth of Bitcoin (BTC) changing hands on Localbitcoins and Paxful in the first week of August. The spike comes as many Latin American markets have seen trade activity rally into new highs over recent weeks, with the Bitcoin P2P markets in Argentina, Mexico, Chile, Bolivia, Honduras, Paraguay, Uruguay and The Bahamas all posting record highs since the start of July.




A proposed capital gains tax cut could be good news for crypto traders in the U.S.

A proposed tax cut by U.S. President Donald Trump could be a big win — or a relatively insignificant win — for the crypto industry if it is passed. There is a debate over the extent of President Trump’s ability to deliver tax cuts. The long term capital gains rate of 20% is primarily governed by Congress, so to deliver a big cut he’d need to get lawmakers on side via negotiation.




Yam Finance uncovered a bug the day after ShapeShift CEO Erik Voorhees called the project a scam.

Yam finance (YAM), the latest fad in the crypto space, recently warned the public of a technical bug affecting the ecosystem. As the decentralized finance, or DeFi, crypto boom continues, something called yield farming has come into the spotlight. Yield farming is essentially the latest passive income fad in crypto. Yam has risen to the top of conversation recently as the headline act in the yield farming sector.


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Bitcoin’s seven-day average hash rate passes 129 TH/s for the first time as the price continues to meet resistance at the $12K level.

Data from Blockchain.com confirms that on Aug. 15, Bitcoin’s seven-day average hash rate reached a new peak of 129.075 TH/s. The achievement comes after two weeks of fairly stagnant hash rate growth, with the previous record set on July 28. Bitcoin and gold may prove to have a stronger correlation in 2020 as many investors turn away from traditional finance during the Federal Reserve’s and other central banks’ response to the pandemic.




Asian countries have found ways to use blockchain amid the pandemic.

The Corona pandemic prompted many Asian countries to adopt blockchain technology to secure their data via the Internet against hackers and cyber thieves, according to a report from the Nikkei Asian Review. This increase in adoption comes as The Business Research Company said the global blockchain market is expected to hit $15.88 billion in 2023.




Bitcoins Are Being Tokenized Faster Than They’re Mined as DeFi Craze Continues

Since Sunday, 1,043 more bitcoins were tokenized through Wrapped Bitcoin than were actually created by bitcoin miners as the Ethereum-based decentralized finance (DeFi) boom shows no signs of abating. About 900 bitcoins are mined per day, given the current issuance rate of 6.25 bitcoins minted per block and the target 10-minute block time. At last check, nearly 31,000 bitcoins have been tokenized on Ethereum, according to Dune Analytics, 75% of which were minted by Wrapped Bitcoin (WBTC).


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Japanese Finance Minister Taro Aso suggested blockchain would be key in the world’s battle against the coronavirus pandemic as the technology can be used for contact tracing while ensuring privacy.

Aso gave the opening remarks for the Blockchain Global Governance Conference, also known as the FIN/SUM Blockchain & Business, on Aug. 24 in Tokyo. There are almost 24 million COVID-19 cases around the world, with more than 60,000 in Japan. Despite the topic of Aso’s speech, a limited number of people were allowed to physically attend the blockchain conference, with others watching speakers through livestream coverage.




Blockchain data storage and privacy start-up Sharder wants to increase its data storage space as it looks to provide the storage hub for the Island blockchain application.

The new application, called Boxes, punches up Sharder’s storage by an additional 96 terabytes. It’s current storage hub currently handles 32 terabytes. Sharder provides secure storage of files across multiple blockchains. Data is encrypted and then split into fragments before being distributed to different nodes. The company said its model ensures data is more secured this way. It also allows for easier authentication and validation of data.




Tachyon Protocol, a blockchain-based network set up by proof-of-stake creator Sunny King, reported its decentralized virtual private network, or VPN, reached 1 million users worldwide last week after only six months.

The VPN has seen tremendous growth since May when Cointelegraph reported it reached 100,000 users. According to the website, Tachyon VPN allows users to bypass internet activity restrictions. It provides many features such as a P2P network without central nodes, multi-path routing to prevent single-point attacks, protocol simulation to disguise traffic in transit and free access to Facebook, Netflix, Spotify, and other platforms.


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The United States Postal Service, or USPS, recently filed a patent for a mail-in voting system that utilizes Blockchain and other technologies for verification.

Soto described the USPS's blockchain patent as timely, although he said he did not know whether or not it will come into play in time for the 2020 presidential election. “Certainly I could see it being utilized very soon, over the next couple of election cycles,” he said.




DLT supply chain firm Everledger is partnering with local Chinese diamond sellers to ensure customers only receive genuine gemstones.

In an Aug. 25 announcement, Everledger, a global digital registry for diamonds, said it would be working with Chinese e-commerce giant JD.com as well as the Gemological Institute of America (GIA) to implement a distributed ledger technology (DLT)-based supply chain capable of verifying the authenticity of individual stones.




The crypto price surge since March has been accompanied by a wave of cryptojacking attacks according to new research published by cybersecurity firm Symantec.

According to the company there was a 163% increase in browser-based cryptojacking activity in the second quarter of 2020. Cryptojacking had previously been in a steep decline from March 2019 due to the shutdown of the mining script maker, CoinHive. Symantec points out the increase in the last quarter coincided with a surge in the value of Bitcoin (BTC) and Monero (XMR), two cryptocurrencies often mined by the threat actors that rely on browser-based cryptojacking malware.


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Turkish football club Trabzonspor is the latest team to issue their own fan tokens using the Blockchain voting and rewards app, Socios.com, which will be available via the Chiliz exchange.

According to the announcement, $TRA token holders will be able to vote in various polls and earn rewards for their engagement with the football club. Rewards could include VIP stadium attendee status, and even the ability to meet with players once the COVID-19 pandemic has passed. Socios’ app will also enable users to compete to become the #1 fan in their region or country.




A group of North Korean hackers is engaged in a massive campaign targeting U.S. financial institutions and cryptocurrency exchanges around the world — with U.S. authorities warning of the high level of threat it poses to the country.

According to an alert issued by the U.S. Department of Homeland Security (DHS), agencies including the FBI, the U.S. Cyber Command, and the Department of the Treasury are moinotiring the resurgence of the North Korea-sponsored hacking group, BeagleBoyz. The hackers have not been as active in the last few years as the notorious Lazarus Group – another hacking group from the hermit regime. However, they are reportedly responsible for stealing $2 billion since at least 2015, mostly related to “lucrative cryptocurrency thefts,” said the U.S. DHS.




Framework Labs, the sister company of Framework Ventures, has raised $8 million in a new seed round.

Station 13, an investment firm focusing on blockchain ventures related to sports, media, and entertainment, led the $8 million fundraising round for Framework Labs. Framework will use the funds to grow its team of researchers, traders, and engineers. The company has already hired former CTO and co-founder of decentralized exchange IDEX Ray Pulver and former principal at Wavemaker Partners Roy Learner. According to an Aug. 27 report from Forbes, Framework Labs founders Michael Anderson and Vance Spencer have developed a new investment model called Network Capital to invest in DeFi companies at multiple stages.


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Blockchain security firm Quantstamp has published a security review of hyped DeFi protocol SushiSwap, identifying ten issues with the platform.

The good news is the issues with the Uniswap fork aren’t likely to be fatal — unlike the critical bug that took out YFI clone YAM after 48 hours. The researchers identified two medium risk, three low risk, and five informational issues with the code. Among the concerns identified were errors failing to prevent the same liquidity provider token from being added more than once — risking disruptions to reward variables; a vulnerability potentially allowing funds to be stolen from the platform should the owner’s private key become compromised; and an issue that could result in the protocols ‘massUpdatePools’ running out of gas.




Cybersecurity experts at ESET published an in-depth study about a new malware named “KryptoCibule.”

This exploit specifically targets Windows users with three methods of attack, including by installing a crypto mining app, directly stealing crypto wallet files, and replacing copy/pasted wallet addresses as a means to hijack individual transactions. According to the cybersecurity firm, KryptoCibule’s developers rely on the Tor network and BitTorrent protocol to coordinate the attacks.




A U.S. circuit court has concluded its review of a terrorism financing case that begin in 2010, saying that the NSA's phone tapping was illegal but that it was a minor part of the evidence.

In the final decision on a criminal case that began a decade ago, an appellate court has said that the National Security Agency’s phone data collection practices were in fact illegal. They did, however, uphold the convictions in the case. The court continued to attack the program, writing that the government’s case neglects that “the collection of millions of other people’s telephony metadata, and the ability to aggregate and analyze it, makes the collection of Moalin’s own metadata considerably more revealing.”


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Tesla and Bitcoin price surged higher after recovering from a sharp correction, leading analysts to take a closer look at the BTC to S&P 500 correlation.

On Sept. 9 the price of Tesla stock surged 10.92% after undergoing a 21% plunge earlier in the day. Coincidentally, the price of Bitcoin (BTC) also soared by nearly 5% in the past 24 hours. In the past several days, the correlation between Bitcoin and stocks has increased once again. Data from Skew shows the 1-month correlation between Bitcoin and the S&P 500 surged from 18% to around 55%.




The Committee on Energy and Commerce has just approved two pieces of legislation to spur more in-depth analysis of blockchain technology in government, clearing the way for their vote in the House of Representatives.

In an online debate moderated by Chamber of Digital Commerce founder Perianne Boring on Sept. 9, Democratic Representative of Florida’s 9th District Darren Soto announced that after “nearly two years of pushing,” the Committee on Energy and Commerce had passed the Digital Taxonomy Act. In addition, the committee approved the American COMPETE Act. Both pieces of legislation will now go to the main floor of the U.S. House of Representatives for a vote.




Revolut, a major European cryptocurrency-friendly trading application is expanding to another major market.

The London-based firm has launched its digital banking app in Japan, as Revolut announced in a Sept. 8 tweet. According to a report by The Nikkei, Japan is the first non-English speaking market for Revolut. Headquartered in London, the company reportedly has 13 million users worldwide, operating in European countries, the United States, Australia and Singapore.


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Finance ministers from five European countries have called on the EU Commission to issue regulation for stablecoins as well as sanctions for providers that break the rules.

Ministers from Germany, France, Italy, Spain, and the Netherlands told the Commission that stablecoins regulation was needed to protect consumers and preserve the bloc's monetary sovereignty from Big Tech firms, according to Reuters. In a joint statement at the Bundesbank Conference Friday, ministers said private stablecoin providers needed to adhere to European regulation and should not be allowed to operate in the bloc if they fall below a certain standard.




A new group seeking to promote research and support blockchain firms has been formed.

The Ticino Blockchain Technologies Association was launched with the participation of the University of Southern Switzerland, also known as the Università della Svizzera Italiana (USI), and the University of Applied Sciences and Arts of Southern Switzerland (SUPSI). The group’s goal is to support research and companies in the blockchain sector and promote academic studies of the technology. Other founding members are Bitcoin.com, Copernicus Holdings, Eligma, Euronovate, Eventboost, Pangea Blockchain Fund, Poseidon Group, the Quadrans Foundation, StrongBlock.io, Superflat and the Swiss Blockchain Consortium.




Jameson Lopp, co-founder and CTO of Casa, a crypto custody firm has released a test result report on Bitcoin multi-signature hardware signing performance on the Casa blog on Sep. 13.

The result shows that hardware crypto wallet devices can handle small, simple transactions well. However, they have trouble performing once the transaction becomes complicated. Casa is said to be built upon geographically distributed multisig, dedicated hardware devices to secure keys, designed user experience, and client services.


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Bakkt Bitcoin futures smashes daily volume record by 36%. Despite the milestone, Bakkt’s future volumes pale in comparison to those of top crypto exchanges Binance and Huobi.

Bakkt, a regulated platform for crypto asset custody and trading owned by Intercontinental Exchange, has reported record daily trading volumes for its physically-settled Bitcoin (BTC) futures contracts. On September 16, Bakkt announced that more than $200 million worth of BTC contracts had been traded over a single day — breaking its previous record by 36%.




Yam is gearing up for its V3 release later this week after undergoing a security audit from PeckShield.

Decentralized finance (DeFi) protocol Yam Finance is relaunching on September 18. Yam Finance V2, a fork of Compound (COMP) featuring a native token with an elastic supply, burst onto the DeFi scene last month — garnering more than half a billion in assets from yield farmers within 24 hours of launching. However, the unaudited V2 of Yam Finance came to a dramatic conclusion when a catastrophic bug caused excessive reserves to be minted which rendered it impossible for governance to be executed.




DeFi could fall under regulatory pressure if it is seen as a haven for money laundering.

The rapid growth in decentralized finance and yield farming is likely to attract greater regulatory attention according to a recent report. A joint research paper by global management consulting firm BCG Platinion and Crypto.com has indicated that the rapid growth in DeFi in 2020 has created the potential for money laundering which will bring it under the radar of regulatory authorities. Since the beginning of the year, the dollar value of crypto collateral locked across DeFi platforms has increased over 1200% to reach $9 billion according to data provider DeFi Pulse.


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A CoinGecko survey has found that the majority of yield farmers do not understand the smart contracts underpinning the DeFi protocols they use.

The majority of yield farmers do not understand how to read the potentially risky smart contracts that underpin the decentralized finance (DeFi) ecosystem — but that hasn’t stopped them making huge profits. Crypto market data aggregator CoinGecko has published its findings from a survey of 1,347 of its users about yield farming, finding that 93% of respondents claim to have reaped a financial return of at least 500%.




Ethereum’s correction triggered a DeFi-token collapse which resulted in YFI and UNI dropping by 46%.

After outperforming Bitcoin (BTC) and Ether (ETH) strongly in August, Decentralized Finance (DeFi) tokens are now plummeting as many registered losses of up to 50%. At the moment, the two coins garnering the most attention are Yearn.finance (YFI) and Uniswap (UNI) as both have dropped by 46% and 48% since reaching a monthly peak.




Brazil’s Hashdex is teaming up with Nasdaq to bring the world’s first Bitcoin ETF to the Bermuda Stock Exchange.

Regulated Brazilian fund manager Hashdex has inked a deal with Nasdaq to launch the world’s first crypto asset exchange-traded fund (ETF) on the Bermuda Stock Exchange (BSX).


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Bitcoin’s realized capitalization has soared above its 2017 record high

Crypto market data aggregator Glassnode has published data indicating that Bitcoin’s (BTC) realized capitalization has increased by more than 50% since tagging its all-time high of $20,000 at the end of 2017. Bitcoin’s realized cap currently sits at $115 billion — $43 billion more than at the all-time high in 2017.




Bears lurk as Bitcoin price is down and $284M in CME BTC options are set to expire on Friday

As of now, the $622 million total open interest for BTC futures expiry on Friday seems quite relevant. This Friday, a total of $100 million in CME Bitcoin (BTC) options are set to expire. 58% of these are call (buy) options, meaning buyers can acquire BTC futures at a fixed price.




Bloomberg suggests that Bitcoin should be $15,000 according to this adoption metric

Their belief seems to be that Bitcoin is destined to appreciate unless these key indicators reverse themselves. According to the Bloomberg crypto newsletter, a key on-chain indicator suggests that Bitcoin (BTC) is currently greatly undervalued. Bloomberg’s crypto analyst Mike McGlone believes that the recent all-time highs in Bitcoin’s hashrate and more importantly, the 30-day average of active Bitcoin addresses, suggests a $15,000 price level for the asset.


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