Major Chinese Banks Bar Customers From Buying Gold, Precious Metals

Major Chinese banks have taken measures to prevent customers from buying gold, platinum, palladium, and other precious metal-related products through them. The Shanghai Gold Exchange also says it may take necessary measures to curb gold trading to “protect investors.” Chinese Banks and Regulators to ‘Cool Gold Rush’ Chinese regulators and major banks are taking measures to curb the trading of gold and other precious metals by investors in order “to cool [the] gold rush,” Reuters reported Wednesday. Gold prices hit record highs this week as investors look for safe-haven assets…

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Crowdsale Is Live Now: Tycoon Unveils Token Online Shop

The fruits of patient labor are always sweet. For Tycoon, today marks an exciting day as it is a result of months of perseverance and dedicated work. Tycoon is extremely thrilled to announce that their long-awaited Crowdsale is live now! Their next step will be to present an already working product, the Tycoon platform, which they have developed in the last two years. The innovative startup proudly unveils its Token Online Shop following a huge demand of the Tycoon Token (TYC). The shop is a user-friendly platform with an engaging…

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Single Miner Reorgs Ethereum Classic – Devs Report a Chain Split

Members of the Ethereum Classic team reported that the network suffered a reorganization (reorg) today. The blockchain network is asking service providers to halt deposits while it carries out maintenance of the chain. The latest event follows a similar attack in January 2019, which led to some exchanges taking pre-emptive action. Both Ethereum Classic (ETC) and one of the founders have since put out a statement acknowledging this event which they term a chain split. ETC suffered a reorganization (reorg) of approximately 3,693 ETC blocks which occurred at block 10,904,146.…

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Decentralized Exchanges Are Building a Life Raft but Need a Bridge

Despite the significant growth of decentralized crypto exchanges, their centralized counterparts still control the majority of industry trade volume. Recently, crypto traders have shown a lot of enthusiasm for decentralized exchanges, or DEXs. The enthusiasm is warranted. We’re starting to see the fruits of many years of hard work pay off with DEX trading volume and use increasing every day.  In spite of this growth, the vast majority of crypto trading still takes place on centralized exchanges. DEXs offer a clear set of benefits in terms of fund security, flexible…

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Investor Greed Signals Bitcoin May Be Topping Despite Strong Monthly Close

Bitcoin was able to post an incredibly strong monthly candle close yesterday This marked the first time that the crypto had closed its monthly candle above $10,700 since mid-December of 2017 Shortly after the close took place, bulls stepped up and allowed BTC to set fresh 2020 highs of $11,800 It did face some heavy selling pressure at these highs that caused its price to see a sharp decline, but it has since stabilized Analysts are now widely noting that the benchmark crypto is poised to see further upside, but…

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Top Cryptocurrency Online Events You Should Not Miss in August 2020

The crypto community is slowly coming back with in-real world conferences and summits, but for those of you who want to stay safe, you still can find a cryptocurrency online event quite easily. Here are some of the top cryptocurrency online events that are scheduled for this August: #FuturePROOF Event date: August 22, 2020 – August 23, 2020 #FuturePROOF is an online event founded by the organizers of Trustless 2020, DeFi Discussions Summit, and the Blockstack Annual Summit, which will focus on exploring various trends in crypto programming, mining, on-chain…

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Bitcoin ‘Fills’ $11.6K Futures Gap, But Is $10K More Likely Than $15K?

Bitcoin has seen a surprise Saturday surge to a 12-month high as $15,000 becomes a real possibility in the near term. The price of Bitcoin (BTC) has seen a great week with a surge to $11,700. After two months of consolidating inside a range, the price of Bitcoin finally broke through the psychological barrier of $10,000 and currently faces the final hurdle before the bull market can start.  Most often, people become bullish once they see green candles, with which extraordinary targets can be found on social media. Can these…

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Bitcoin Futures Traders Bet on Bullish Price Action, but Not Too Fast

Bitcoin futures open interest is currently at an all-time high as traders expect more upside for BTC’s spot price. Bitcoin (BTC) futures trading has been on a high since July 21 with both the Chicago Mercantile Exchange and Bakkt seeing sizeable increases in volume and open interest for their contracts. This resurgence in BTC futures comes as the spot market value of the largest crypto by market capitalization reached a new 2020 high. Two months on from the May 2020 halving event, BTC has begun to show signs of the…

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Bitcoin Now ‘Perfectly on Track’ to $100K, Says Stock to Flow Creator

The price of Bitcoin surpassed $11,700, and the creator of the Stock to Flow model says BTC to $100,000 is well on track. PlanB, the well-known creator of the contested stock-to-flow (S2F) model, believes Bitcoin (BTC) is now well on track to reach $100,000 as the price has risen to yearly highs. The optimistic sentiment coincides with the shift in momentum from alternative cryptocurrencies, or altcoins, to BTC. He said: “I can’t make a chart for you now (at sea), but S2F model perfectly on track.” At the same time,…

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Ethereum Classic Blockchain Splits Due to Reorg by a Single Miner

Ethereum classic was attacked? ETC network briefly goes down for maintenance, diagnosis report explains what happened. On August 1, several figures associated with Ethereum Classic (ETC) took to Twitter to inform the community of issues with the ETC blockchain. Among the first was Ethereum Foundation member Hudson Jameson who stated that: “Exchanges need to pause deposits and withdrawals.” The official Twitter page of ETC and James Wo, founder of Ethereum Classic Labs, both confirmed the issue. A Diagnosis report was soon released to explain what happened. Although the offending miner…

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