High Stablecoin Buying Power Could Predict Bitcoin’s Next Bull Run

Today, stablecoins buy 15-times as much Bitcoin as in early 2018, this could bode well for the next bull run, if and when, it happens. Stablecoins have never had more buying power than now, this could bode well for the next bull run. Glassnode keeps track of the Stablecoin Supply Ratio, or SSR, which is calculated by dividing Bitcoin’s (BTC) market capitalization by the market capitalization of all major stablecoins. Low SSR indicates that stablecoins have more buying power, which the company asserts could be interpreted as a bullish sign.…

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As Money Printer Goes Brrrrr, Wall St Loses Its Fear of Bitcoin

“I know anecdotally of several [investment managers] that have accumulated between $100 million and $500 million.” This year will go down in infamy as one of the worst in living memory, but Wall Street veteran Jenny Q Ta says there’s been at least one bright spot — 2020 has marked a big shift in attitudes towards cryptocurrency from the Wall St. veterans who once eyed the asset class with distrust. The year began with Australia burning down, and moved into a worldwide pandemic that sparked a financial crisis and an…

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Catch Emirati-supported Crypto Price Index’s Hotbit Exchange Listing on 15th July 2020

Bitcoin Press Release: Crypto Price Index have announced details of their CPI token sale, which launches on HotBit exchange on 15th July 2020. 14th July 2020, ST. JULIAN’S, MALTA – 2020 has brought with it a host of challenges and opportunities, not least within the crypto markets, where we have seen a rollercoaster of peaks and troughs reminiscent of the great crypto rush of 2017. Now, with market sentiment rising, and BTC pushing the 10,000 USD range, we are once again looking to innovative projects to usher in the new…

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Seychelles-Based Bitcoin Transfers Continue to Gain Dominance, Analysts Find

Crystal Blockchain reports that crypto transfers in the Republic of Seychelles keep growing as regulatory pressure increases for the G20. A new report released on Tuesday by Crystal Blockchain attempts to categorize cross-border transactions of Bitcoin based on their “country of origin,” which may have important implications for the FATF Travel Rule. The analysts used direct exchange-to-exchange transactions and their country of incorporation to categorize Bitcoin (BTC) transfers by their provenance. Despite the fact that Bitcoin is fundamentally borderless by nature, and that a country of incorporation does not fully…

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Self-Healing Blockchains Are Cure for Sharding’s Scalability Woes

Self-healing blockchains are the only way to create a truly decentralized world within the decade. The world is eagerly waiting for a next-generation, high-performance, permissionless blockchain, and this blockchain should be able to industrially scale all decentralized applications. So far, the crypto community has witnessed: Peer-to-peer blockchain networks that use all the peers to validate transactions and provide computation and storage — or traditional blockchains — such as Bitcoin and Ethereum. P2P blockchain networks that shard transactions, computation and storage — or sharding blockchains — such as Ethereum 2.0 and…

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The Fall of Bitcoin’s Worst Enemy Could Cause Crypto to Collapse

Today, big banks across the globe begin revealing quarterly revenue results that could send the stock market tumbling. And given Bitcoin’s continued correlation with the stock market, a devastating blow to the asset’s worst enemy may also drag crypto down with it. Bitcoin Prepares for Next Battle In Ongoing War With Its Worst Enemy Bitcoin is the first of its kind cryptocurrency that sparked the creation of an entire industry and financial market, with thousands of altcoins created in its image. The asset was created by Satoshi Nakamoto during the…

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Two OneCoin Promoters Found Dead in Mexico

Two promoters of $4 billion crypto exit scam OneCoin have been found dead in Mexico. Two promoters of a major cryptocurrency exit scam, OneCoin, have been found dead in Mazatlan, Sinaloa Mexico. Oscar Brito Ibarra and Ignacio Ibarra, two major OneCoin promoters, were apparently kidnapped and killed in Mexico, Cointelegraph en Español reports on July 14. According to the report, the two men were promoting OneCoin as a payment method for a local car firm, the Latin American Automotive Marketing Company, or CLA. The terrifying news was first reported by…

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Gemini Unveils Hardware Key Compatibility on Mobile App

U.S.-based exchange Gemini announced hardware key compatibility on its mobile application, bolstering security capabilities for customers. Gemini revealed hardware security key functionality for its mobile application, giving customers compatibility with devices such as Yubikey for added security.  Thanks to WebAuthn compatibility on Gemini’s app, iOS and Android “Gemini customers can now use USB and near-field communication, or NFC, security keys to securely sign into the Gemini Mobile App,” the exchange said in a July 14 statement provided to Cointelegraph.  The addition bolsters two-factor authentication  Two-factor authentication, or 2FA, allows for…

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PayPal Letter Seems to Confirm Crypto Capability Rumors

Global payments giant PayPal could indeed be developing a crypto-based solution, this document shows. PayPal has confirmed that it is developing capabilities in the cryptocurrency space, according to a letter to the European Commission. Originally submitted on March 20, the document was intended as a response to the European Commission’s public consultation on building an EU framework for markets in crypto-assets, whose feedback period lasted from December 2019 through March 2020.  In the letter, the payments giant admitted to “continuously monitoring and evaluating global developments in the crypto and blockchain/distributed…

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Paxful Reaches the $4.6B Milestone in P2P Bitcoin Trading Volume

Peer-to-peer Bitcoin trading platform Paxful crossed the $4.6 billion trading volume threshold as the company is entering its fifth year. Peer-to-peer Bitcoin (BTC) marketplace Paxful announced on July 14 that its platform has witnessed another surge in trade volume, hitting the $4.6 billion mark and reaching over 4.5 million wallet registrations. Paxful is also forecasting an additional two million users by the end of 2020, as the company is entering its 5th anniversary. Emerging markets play a large role  Ray Youseff, the CEO of Paxful, noted that emerging markets in…

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