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Cryptocurrency News

Location American Cryptocurrency News for 2 July 2020

Comedian Bill Burr: 'I'm Getting Bitcoin! F--- This!'

Coin Telegraph - 2 Jul 2020 03:33
Comedian Bill Burr: 'I'm Getting Bitcoin! F--- This!' Comedian Bill Burr has seen the light after hearing Anthony Pompliano explain the disadvantages of legacy systems.
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BitPay Adds SegWit, BlockFi Doubles Revenue, 3 News From Cardano + More This is our daily, bite-sized digest of cryptoasset and blockchain-related news - investigating the stories flying under the radar of today's crypto news. Crypto adoption news Major crypto payments company BitPay added s...
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South Korean Giant to Begin Crypto Custody for Institutional Investors One of South Korea's biggest commercial banks, NongHyup (NH Bank) said it is working on a cryptoasset custodial services platform for institutional investors. Per ET News, the bank said that it wants to launch crypto "ec...
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Demand for Bitcoin Will See a Dramatic Shift in 8 Years - Retail Addresses to Eat up Entire New Supply A recent report from ZUBR Research explains that by 2028, retail demand for bitcoin will exceed the new supply. The report highlights that in eight years as Bitcoin’s supply rate decreases “retail size addresses [wil...
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Traders Brace for Big Drop as Bitcoin Dips Below $9K for Seventh Time The price of Bitcoin briefly dropped below $9,000. The weakening of a key support level may lead to a bigger drop.
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Bitcoin briefly broke below $9,000 on Thursday, but the markets remain quiet.
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A Russian Blockchain Referendum Voter Managed to 'Spoil Their Ballot' Russian electoral officials are claiming success in the country's recent referendum on constitutional reform - which saw the country make use of a blockchain-powered voting platform for the first time on a national scale...
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Nexus Mutual is seeing a surge in demand. "Our product has honestly seen massive interest since yield farming kicked off," said founder Hugh Karp.
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Bitcoin Miners Saw 23% Revenue Drop in June

Coin Desk - 2 Jul 2020 21:14
Bitcoin mining revenue dropped 23% in June to approximately $380 million.
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Austrian Crypto Users Will Soon Be Able to Spend Crypto at 2,500 Locations Over 2,500 Austrian merchants can now accept cryptocurrencies as a payment method.
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'Running Drivenet:' Bitcoin Proponent Discusses the Benefits of Drivechain Versus Lightning Network During the last few days, a number of cryptocurrency supporters have been discussing Paul Sztorc’s Drivechain project, also referred to as “Drivenet.” The Drivechain project has been a work in progress for years no...
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Learn How To Build a Long-Term Trading Strategy in This Week's Crypto Markets Show Live! Popular traders and youtubers Benjamin Cowen and Tyler D. Coates discuss long-term trading strategies and how to take profit from major trends in the crypto market.
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Bitcoin News Roundup for July 2, 2020

Coin Desk - 2 Jul 2020 19:45
With traditional markets moving up and BTC sticking to its recent tight trading range, Markets Daily is back with another bitcoin news roundup.
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Why Isn't BCH Way More Popular on the Dark Web?

Coin Telegraph - 2 Jul 2020 19:15
Why Isn't BCH Way More Popular on the Dark Web? Despite a growing number of advanced privacy features, Bitcoin Cash seems to have fallen out of favor with Dark Web operators.
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America's tax collector is laying the groundwork for a possible assault on privacy-enhancing cryptocurrency technologies.
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Unknown Cybercrime Gang Holds Thousands of Databases For Ransom MongoDB suffered a "Wiping & Ransom" attack that wiped around 22,900 unsecured databases.
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Nordic Crypto Startup Takes (Un)usual Growth Path Due to 'Massive Potential' Torbjørn Bull Jenssen, CEO of Arcane Crypto. Source: a video screenshot, Youtube/TEDx Talks The Norwegian crypto-focused investment and research firm Arcane Crypto is eyeing a public listing on Sweden's Nasdaq First sto...
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Bitcoin Price Rally by 2021 Looks Likely From Five Fundamental Factors Five key fundamental factors suggest that Bitcoin is preparing for an extended uptrend by 2021.
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Localbitcoins 2019 Revenue Rises 10% to $29.6 Million Amid Increased Paxful Competition Peer-to-peer (P2P) crypto exchange Localbitcoins has reported that 2019 revenue rose 10% to $29.6 million from $27 million a year ago. For the year, operating income fell 6% to $19.9 million from $21.2 million the year b...
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Bitfinex Investor Reportedly Detained by the Chinese Authorities Zhao Dong was taken in custody by the police with no official statement as to his detention.
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Chinese police are stepping up efforts in cracking down on illegal economic activities, which now leads to crypto over-the-counter (OTC) traders being detained to assist investigations.
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Bitcoin Startup Zap Is Working With Visa

Coin Desk - 2 Jul 2020 18:00
Lightning Network startup Zap, Inc. is partnering with Visa to offer the most user-friendly bitcoin services since Cash App.
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