Investors Dollar-Cost Averaging Bitcoin Since 2017 Made a 61.8% Return

Data shows investors who dollar-cost averaged into Bitcoin even since the $20,000 peak are profitable. Researchers at Coin Metrics found that investors who dollar-cost averaged into Bitcoin (BTC) since the $20,000 peak in 2017 would still be profitable. According to researchers, an investor who continuously bought BTC over the past three years would have a 61.8% return. Although the price of Bitcoin fell significantly from $20,000, there were extreme low points in 2019 and 2020. Investors who capitalized on these strong downtrends will easily be sitting on handsome profits today. …

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Podcast Host Lists Himself on Balancer: ‘EVAN’ Increases 500% in 2 Hours

Personal tokens are growing in popularity with the host of ‘Week in Ethereum’ listing EVAN tokens on Balancer”. The host of the ‘Week in Ethereum’ Podcast and former Director of ConseSys, Evan Van Ness is the latest person to tokenize himself on the blockchain — a growing trend in the gaming and marketing sectors. Within two hours of launch, a quarter of the EVAN tokens had been sold with the price per token increasing six fold. The ERC20 tokens were created by using OpenZeppelin Contracts V3 code and were originally…

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Grayscale Investments’ Ethereum Trust Filed With the SEC to Obtain Reporting Status

The digital currency asset manager Grayscale told investors on Thursday that the firm has publicly filed a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC) for the company’s Ethereum Trust. The recent filing is voluntary and if the SEC approves the registration, the Ethereum Trust will be the second crypto asset investment vehicle to obtain the status of a reporting company by the SEC. Established in 2013 by Digital Currency Group, Grayscale Investments has been around for quite some time now. The firm manages a number…

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Europe’s New ‘Seed-to-Shelf’ Cannabidiol Blockchain Tracking Tool

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.…

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Rival Bitcoin Cash Camps Look Set to Compromise

Bitcoin Cash’s ABC and BCHN camps look set to compromise on the protocol’s coming upgrades in November. Amaury Sechet, the lead developer of Bitcoin Cash (BCH), has announced new plans for the network’s coming November upgrade designed to find a compromise between proponents of the ‘Bitcoin ABC’ and ‘BCHN’ proposals. Sechet posted on August 6 that the November upgrade will implement two main changes to the protocol — the implementation of the ‘Aserti3-2d’ difficulty adjustment proposed by Jonathan Toomin and Mark Lundeberg, and the implementation of an infrastructure funding plan…

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‘The Enron of Europe’ — What We Know So Far About the Wirecard Scandal

Australian YouTuber Dagogo Altraide posted a new video to his 2.5M subscribers detailing the fall of FinTech company Wirecard. A new video takes viewers through German financial technology company Wirecard’s journey from being one of the top businesses in the world to one who’s shares plummeted by more than 98% before filing for insolvency.   In an Aug. 6 video posted to YouTube by ColdFusion, Australian host Dagogo Altraide retells the story of how the Wirecard scandal began when auditors were unable to locate more than $2 billion that was supposed…

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This Bitcoin Metric Just Dropped 4%—And It’s Bullish For The Market

Bitcoin has rallied by approximately 25% over the past two weeks as Ethereum has wrested the market higher. The asset currently trades at $11,750 as of this article’s writing, with the uptrend still intact. A crucial on-chain metrics, the number of BTC held by exchanges, has been dropping over recent days. Analysts say that this trend is bullish for the cryptocurrency market as it effectively reduces Bitcoin’s selling pressure. As this has transpired, analysts are seeing multiple factors that suggest demand for BTC should increase. The simultaneous confluence of a…

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Analyst: Bitcoin Just Posted the “Most Important Breakout” in BTC History

Bitcoin has been seeing some incredibly bullish price action throughout the past several days and weeks The cryptocurrency is now consolidating at just below $12,000 as its buyers attempt to catalyze another leg higher Despite facing resistance at this level, the crypto has yet to see any type of harsh breakdown here One recent technical development is creating a new source of bullishness amongst traders The cryptocurrency just broke out of a multi-year bull pennant, with this being the “most important breakout” in BTC history – according to one trader…

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Ransomware Threatens Production of 300 Ventilators Per Day

The DoppelPaymer gang deployed a ransomware attack against ventilator manufacturer Boyce Technologies amid the COVID-19 pandemic. The FDA-approved Coronavirus ventilator manufacturer Boyce Technologies has been targeted by ransomware launched by the DoppelPaymer gang, who are  threatening to leak data from the company. Cointelegraph has viewed the DoppelPaymer blog, where the gang lists example files of the data stolen during the attack, including sales and purchase orders, assignment forms, among others. The cybercriminals have threatened that more information will be disclosed next week through the site if an undisclosed crypto ransom…

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Raoul Pal: ‘It May Not Be Worth Owning Any Asset Other Than Bitcoin’

Raoul Pal, CEO and founder of Real Vision, says Bitcoin may soon become his only asset for long-term investments. CEO and founder of Real Vision Raoul Pal says his “conviction levels” in Bitcoin are rising on a daily basis as he compares the crypto asset to traditional investments on various timescales. Applying economic cycle theory in a series of charts posted to Twitter on Aug. 6, the former Goldman Sachs fund manager stated that although many investors choose gold as an alternative to fiat, Bitcoin (BTC) has been the only…

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