CryptoDaily

Today is the first day of August, and this means that a few hours ago, the monthly candle of July closed. A surprising fact is that only once in its history, Bitcoin had recorded a monthly close higher than yesterday’s – and that was during December 2017 – the peak of the bubble. After two months of dull price action, while Bitcoin was mostly traded at around $9200, there came the breakout. And what a breakout it was. Looking at the following weekly chart, we can clearly see that the current bullish move started upon breaking $9200, and most importantly, was breaking above the descending trend-line. Yes, the line that begun forming during December 2017 – Bitcoin’s all-time high near $20,000. There are still two days to this impressive weekly candle; however, as of now, it is hard to believe that the candle will close below the weekly line (around $10,200). BTC/USD weekly. Source: TradingView The state of Bitcoin is now parabolic. Remember the past two times Bitcoin entered such...

A collaboration between the famous actor William Shatner and the DLT project WAX has sold 125,000 blockchain-based non-fungible token cards containing digital photographs of the actor’s memorabilia in less than ten minutes. William Shatner Sells Blockchain-based NFTs Born in 1931, Shatners has been an active actor for nearly 70 years. The Canadian entertainer, who is also an author, producer, screenwriter, and director, is arguably most well-known for his iconic role as Captain Kirk in the original Star Trek series. Lately, Shatner has been quite optimistic about cryptocurrencies and blockchain. To exemplify his affection for the distributed ledger technology, Shatner partnered with WAX. The blockchain company recently announced that they had placed in sale 10,000 packs filled with approximately 125,000 digital photographs containing personal memorabilia of the actor from his early days until the present. All images are based on the WAX blockchain. The statement highlighted the in...

[Press Release] Automate Bitcoin purchases, build your stack, turn your dollars into Bitcoin over time. Recurring Buys On Crypto.com. Source: Crypto.com Dollar-cost averaging (DCA) is an investment strategy in which an investor divides up the total amount to be invested across periodic purchases of a target asset in an effort to reduce the impact of volatility on the overall purchase. This is known as Recurring Buy. Today, Crypto.com is enabling this feature in the  Crypto.com App to give users the ability to create recurring buys on their crypto investments. To start off, users can now set up Recurring Buy orders for Bitcoin. Users can now automate their Bitcoin purchases on a weekly, bi-weekly or monthly basis, as low as $50 USD, up to 5 recurring buys per month. Supported cryptocurrency : BTC Options : Weekly, bi-weekly, or monthly Payment methods: Credit Card Minimum amount : $50 USD Maximum no. of recurring buys per month : 5 Build your stack, turn your dollars...

Twitter has published an update on its investigation into the causes of the recent hack, during which 12 Bitcoin was conned out of the platform’s users. from Cointelegraph.com News https://ift.tt/30fVx2L via IFTTT

There’s no doubt noncustodial technology is the future — it’s just a question of when it enters the mainstream. from Cointelegraph.com News https://ift.tt/2EzlqC1 via IFTTT

As Ethereum turns five years old, Ether is up 50% over the past month with two main catalysts driving the uptrend, namely DeFi and ETH 2.0. from Cointelegraph.com News https://ift.tt/2EvREy0 via IFTTT

After the infamous Twitter hack in mid-July, the social media giant has published a new update on its investigation, informing that the perpetrators successfully targeted a small number of employees through a phone spear-phishing attack. Phishing Attack Caused The Twitter Hack Following the blatant attack on its network, Twitter has been quite transparent in its investigations, at least according to the regular updates the company shares. In the latest one , the social media platform outlined again that the law enforcement investigation continues, and they managed to discover the source of the initial vulnerability. “The social engineering that occurred on July 15th, 2020, targeted a small number of employees through a phone spear-phishing attack. A successful attack required the attackers to obtain access to both our internal network as well as specific employee credentials that granted them access to our internal support tools.” – reads the update. While not all targeted employ...

Binance owned Trust Wallet has hit a five million user milestone, it is now delving into the DeFi sector. from Cointelegraph.com News https://ift.tt/3gfIYdj via IFTTT

The Bank of Japan insists it has no immediate plans to issue a digital yen, but research into the potential of CBDCs continues apace. from Cointelegraph.com News https://ift.tt/3fbEDpX via IFTTT

Publicly-backed VC firms are stepping in where private investors retreat, according to a new report on Central and Eastern European tech investments. from Cointelegraph.com News https://ift.tt/2PcnwtD via IFTTT

Australian experts suggest blockchain is an integral part to protecting Australia’s business and government from cyber attacks. from Cointelegraph.com News https://ift.tt/3hWSq5N via IFTTT

Huobi, the popular blockchain and cryptocurrency exchange company , today announced the launch of Huobi Institution, a crypto asset management platform and custody services for institutions. The platform matches qualified institutional investors and high-net-worth individuals with fully-vetted quantitative trading teams in a secure and reliable environment managed by Huobi. With the new offering, Huobi aims to help institutions access high-quality quantitative investment channels—managed by top crypto asset managers and quantitative trading teams. In addition to an expansive network of rigorously vetted crypto asset managers, Huobi’s asset management platform offers a comprehensive product ecosystem, including custody services, asset storage via Huobi Wallet, and customized crypto asset products with a fully-managed service, including data analytics and third-party performance disclosures and ratings. “As the crypto market expands globally, we’re seeing growing demand for more nuanc...

China has no reservation against ‘Bitcoin activities as virtual commodities,’ the Beijing Arbitration Commission (BAC) said in a report today. The report also added that the country’s laws and regulations ‘do not prohibit’ private possession and legal circulation of BTC. Bitcoin Is Not A Currency, But A ‘Virtual Commodity’ Today local non-profit arbitration organization, the Beijing Arbitration Commission, pointed out in a report that Bitcoin cannot be used as a currency. It is not a legal tender and is not issued by China’s apex monetary authority. Overall, BTC doesn’t share the same legal status as the country’s official fiat currency and cannot be used in financial transactions. This is a stance that the Asian nation has maintained since forever now. On the bright side, according to the report, Bitcoin is a ‘virtual commodity.’ To quote the exact words: The country does not recognize the identity of Bitcoin virtual currency, but recognizes it as a virtual commodity. Becau...

Bitcoin has remained calm in the past 24 hours, with minor gains towards $11,100. Unlike the primary currency, the altcoin market has seen impressive gains, including yesterday’s birthday project – Ethereum and Chainlink. Although the US economy suffered its worst quarter since the Second World War in terms of GDP results, Wall Street is breaking records, especially in the technology field. Bitcoin: Back to Stability? The primary cryptocurrency remained relatively stable in the past 24 hours. Bulls intercepted a small price dive to $10,800 (Binance) and pushed the asset towards an intraday high near the $11,200 resistance. However, BTC couldn’t maintain its past days’ run and retraced slightly to the current level of $11,100. If Bitcoin is to reach the psychological level of $12,000, it has to overcome two significant resistance lines , firstly at $11,300 and then the notable 0.5 Fibonacci level at $11,400 (the current 2020 high). Alternatively, $10,800 and $10,500 (prior 2020 high...

Messari estimates that 20% of Ethereum-based DEX volume is driven by DeFi aggregators. from Cointelegraph.com News https://ift.tt/30fsc8z via IFTTT

A crypto consortium including Bittrex Global, Ledger, CertiK, and Uphold, has launched a gold token backed by the world’s largest refiner of newly minted gold. from Cointelegraph.com News https://ift.tt/2Esiwin via IFTTT

MyEtherWallet’s founder believes ETH 2.0’s beacon chain will launch this year but says the ‘full reality’ is still some way off. from Cointelegraph.com News https://ift.tt/3fdkIa7 via IFTTT

Lawyers for Brad Garlinghouse haven’t argued the Ripple CEO’s statements in extolling XRP were true, simply that they can’t be proven false. from Cointelegraph.com News https://ift.tt/2BLr82P via IFTTT

Despite early hype, real estate tokenization has failed to garner significant momentum, leading some to question its future viability. from Cointelegraph.com News https://ift.tt/2D4wZRl via IFTTT

Thirty new whales are gobbling up XRP in a sign some big investors are rethinking the cryptocurrency. from Cointelegraph.com News https://ift.tt/39FceYo via IFTTT

The Federal Reserve’s money printer has cranked up to ridiculous levels — but will it really lead to inflation? from Cointelegraph.com News https://ift.tt/39HjPFP via IFTTT

Longfin, a blockchain-related firm that conducted a $27 million IPO in 2017, has been ordered to repay $223 million to investors. from Cointelegraph.com News https://ift.tt/39JCp0c via IFTTT

Cash App is paying Joe Rogan big bucks to talk up Bitcoin according to his scripted spiel on his most recent podcast. from Cointelegraph.com News https://ift.tt/39FncNB via IFTTT

Paxful has released data showing growing usage of its peer-to-peer trading platform in Russia. from Cointelegraph.com News https://ift.tt/2EAYum2 via IFTTT

Fans bought 125,000 non-fungible token trading cards featuring Star Trek’s William Shatner on the WAX Blockchain. from Cointelegraph.com News https://ift.tt/2EuCmtm via IFTTT

The correlation between Bitcoin and gold daily returns is increasing, leading investors to expect further upside from BTC price. from Cointelegraph.com News https://ift.tt/3hSTaJ3 via IFTTT

If Bitcoin sees similar FOMO rallies like KODK in recent days, BTC price could quickly soar to six figures, as some analysts have previously predicted. from Cointelegraph.com News https://ift.tt/2P8iJth via IFTTT

PlusToken, one of the greatest exit scams in history, defrauded investors of nearly $6 billion, according to latest reports. from Cointelegraph.com News https://ift.tt/3g8m2fT via IFTTT

CYBAVO, a cybersecurity company offering digital asset custody platforms for enterprise, with the support of Lockton Companies, has reached an agreement with a S&P AA-rated international insurance company to provide CYBAVO with a digital asset loss insurance coverage bringing additional security to their institutional wallet customers. CYBAVO users can benefit from CYBAVO’s insurance coverage in the event of theft from CYBAVO VAULT, CYBAVO’s institutional wallet solution, caused by an external cyber-attack and other events. The insurer has performed a comprehensive technical assessment to evaluate CYBAVO VAULT’s security and risk management protocols, namely the security model, private key management, architecture, infrastructure, and overall system security. CYBAVO VAULT, the company’s digital asset custody solution for enterprise, combines robust key management with a comprehensive security design. CYBAVO’s unique shared responsibility model, together with MPC technology prov...

$7 billion has exited from the global crypto market in the last 12 hours, leaving a vast majority of token projects, including Bitcoin, in the red today. Right now, the total market capital stands at around $330 billion, according to Coingecko data. During the early Asian trading session this morning, there was an exodus of $5 billion in less than an hour, but it’s still uncertain why this drop has occurred. Is this an early sign that bitcoin sentiment is turning bearish? Bitcoin Technicals Starting on the smaller time frame, we can see that there is an apparent divergence between the price action and the RSI on the 4-Hour chart. Between July 27 and July 29, Bitcoin’s price set 3 consecutive higher highs. On the RSI, however, the indicator line dropped each time. This is a typical indication of a weakening trend and may be foreshadowing a bearish reversal in the short-term. On the daily BTC/USD chart, we can see long wicks above the last three candles as bears battle to keep the ...

A new partnership between BitFlyer and Brave enables Japanese users to earn BAT by watching ads on the Brave browser. from Cointelegraph.com News https://ift.tt/30h1Gf7 via IFTTT

Bitcoin balances on major exchanges drop to levels not seen since last summer’s bull run as demand and BTC price are on the rise. from Cointelegraph.com News https://ift.tt/30c53nl via IFTTT

Laundering money with Bitcoin is actually an ineffective strategy because of its complexity and high risk. from Cointelegraph.com News https://ift.tt/2X82Zuw via IFTTT

Fidelity Digital Assets, the subsidiary of the large American investment company Fidelity Investments, has published a report on Bitcoin highlighting that its benefits have helped BTC to become an “aspirational store of value” for investors. Bitcoin’s Store Of Value Functions Launched in October 2018, Fidelity Digital Assets has become a significant player offering cryptocurrency services for large institutions. While initially operating only in the US, the company announced expanding to Europe as well last year because of the growing demand for digital assets. In its latest report on Bitcoin, Fidelity Digital Assets described the leading cryptocurrency as an “aspirational store of value.” The company also noted that BTC is still relatively early in its mass adoption stages, which could grant substantial opportunities for profits to investors. Fidelity illustrated Bitcoin’s room for growth in the graph below. Bitcoin Market Cap Vs Other Asset Groups. Source: Fidelity Digital Ass...

Digital assets issued on Ethereum appear to comprise the strongest asset class of 2020 with an average year-to-date gain of 130%. from Cointelegraph.com News https://ift.tt/3hNfoft via IFTTT

IOHK, the blockchain research and development company developing Cardano has successfully implemented the most important upgrade to the Cardano blockchain yet, the Shelley hard fork. The upgrade will deliver true decentralization through its advanced Ouroboros consensus algorithm and scientifically researched incentives scheme. From now onwards the Cardano mainnet will be running Shelley. This means that stake pools will be able to register on-chain and be visible to delegators, and that delegators will be able to delegate to stake pools as soon as they are registered. This delegation process allows any individual who holds ADA to delegate their ADA – the native cryptocurrency of the Cardano blockchain, to a stake pool to earn rewards, and thus be financially incentivized to keep the network running accurately. It will also include stake pool operation where ADA holders with the required knowledge can operate a stake pool and receive a monetary award for doing so. “Decentraliza...

Bitcoin attempted another bullish movement yesterday, but it got rejected when it approached the next resistance line. The majority of the altcoin market is retracing slightly today, following a few days of gains. The S&P 500, Dow Jones, and Nasdaq marked increases yesterday, following an announcement from the Fed pledging to keep the interest rates unchanged near zero. Crypto Market Movements The primary cryptocurrency has been on a roll ever since it broke out of its $9,000 – $9,300 range last week. In a few consecutive days, BTC shot up to about $11,000 and yesterday attempted to conquer the next resistance at $11,390. However, to no avail, as it got rejected before having a real chance to face it. At the time of this writing, Bitcoin hovers again at about $11,000. Should BTC successfully break above $11,390, it has to face a key weekly resistance at $11,490 before coming up against the psychological $12,000 level. In contrast, $10,800 and $10,400 are Bitcoin’s line of defe...

The token-powered Esports streaming platform Theta has expanded into Korea, partnering with the popular gaming-centric social platform Ludena Protocol. from Cointelegraph.com News https://ift.tt/39C5udO via IFTTT

According to Iranian authorities, power plants can mine cryptocurrencies like Bitcoin, but will not be able to take advantage of subsidies. from Cointelegraph.com News https://ift.tt/39GknvE via IFTTT

Decentralized exchange Curve has attracted record volumes after revealing plans for the retroactive distribution of its forthcoming governance token. from Cointelegraph.com News https://ift.tt/2EB7eIZ via IFTTT

Mine Digital CEO Grant Colthup said Australia’s recent success in the crypto space could be extended to Asia. from Cointelegraph.com News https://ift.tt/3hO9pXH via IFTTT

Polyient Games is launching a decentralized exchange for NFTs hosted on the Avalanche blockchain. from Cointelegraph.com News https://ift.tt/39Gaiii via IFTTT

Multiple users of Crypto Twitter, with thousands of followers, received offers from Zeus Capital to post information on Chainlink. from Cointelegraph.com News https://ift.tt/3gdgh0y via IFTTT

An upcoming merger is slated to see Diginex’s newly launched Equos exchange become the first crypto trading platform listed in the United States. from Cointelegraph.com News https://ift.tt/3jUBD4U via IFTTT

Bitcoin is an aspirational store of value according to Fidelity Digital Assets. from Cointelegraph.com News https://ift.tt/2P3MPhA via IFTTT

Ethereum addresses in profit now exceed the total number of addresses with a Bitcoin balance. from Cointelegraph.com News https://ift.tt/3f7va2V via IFTTT

Enjoying a stronger negative correlation with the U.S. dollar than gold, Bitcoin may start to present a more attractive alternative to both in the eyes of the investors. from Cointelegraph.com News https://ift.tt/39Dm64Q via IFTTT

Kaspersky Labs and other malware labs have identified a sharp rise in crypto-related scams in Russia during the first half of 2020. from Cointelegraph.com News https://ift.tt/2X8O970 via IFTTT

Coinbase is offering crypto customers 2% interest for their Dai holdings. from Cointelegraph.com News https://ift.tt/2XcwH1M via IFTTT