08-OCT-2020

4 months ago

RSK Boosts Bitcoin DeFi With DAI Integration – via CryptoDaily
The development team behind RSK and its Infrastructure Framework (RIF) has announced the integration of the DAI stablecoin to its Bitcoin-based smart contract platform. The addition of DAI to RIF further broadens the scope of decentralized finance (defi), expanding it beyond the Ethereum ecosystem and bolstering RSK’s existing defi capabilities.

4 months ago

Bitcoin Options Volume Surges on CME as Traders Bet on BTC Price Rise – via CRYPTOGLOBE
The trading volume on bitcoin options listed on the Chicago Mercantile Exchange (CME) has surged this Wednesday, October 7, as traders mostly traded call options, bets on a BTC price rise. According to data from Skew, first reported on by CoinDesk, the CME traded $48 million worth f options on Wednesday, the highest daily volume it has seen since July 28. The figure is up 300% from Tuesday, where it traded $12 million worth of bitcoin options.

4 months ago

USD 36m in Stolen Bitfinex Bitcoin Moved, Botched BTC ATM Theft + More News – via CRYPTONEWS
Almost USD 36m worth of bitcoin (BTC) associated with the massive 2016 hack of crypto exchange Bitfinex was moved across elven transactions on Wednesday and Thursday, according to blockchain tracker bot Whale Alert.

4 months ago

Is Elon Musk Next to Buy Bitcoin After Square and Microstrategy CEOs? Community Bets – via U.TODAY
Earlier today, it was reported that Square, spearheaded by Jack Dorsey (Twitter CEO), acquired $50 mln worth of Bitcoin. Now the community is sharing its impressions and some hope that Tesla chief Elon Musk will be the next big name in the corporate world to use Bitcoin as a treasury asset.

4 months ago

The Dollar is building Bullish momentum as Bitcoin’s wanes – via Bitcoinist
Bitcoin price just pumped following news that Square made a massive purchase in BTC, however, the dollar regaining momentum as the top cryptocurrency’s wanes, could soon suggest a pullback and a better buying opportunity for the major payments corporation. Here’s what inversely correlated technicals are saying about the two vehemently opposed currencies.

4 months ago

BitMEX Now Branded A “High-Risk” Bitcoin Exchange Following U.S. Government Charges – via ZYCRYPTO
The many milestones achieved this week in the crypto community has not erased the ups and downs in the industry. This month alone, two indictments have rocked the crypto space, and both have included two of Crypto’s high-profile personalities; Arthur Hayes and John McAfee. The arrest of the former CEO of leading cryptocurrency exchange and derivative trading platform BitMEX, along with his co-founders Benjamin Dell and Samuel Reed, has not only left the crypto-community puzzled but has now warranted industry takes to the Seychelles-based exchange.

4 months ago

Highlights From Square’s Bitcoin Investment Whitepaper – via CRYPTOGLOBE
On Thursday (October 8), Jack Dorsey’s FinTech firm Square released a document titled “Square, Inc. Bitcoin Investment Whitepaper” shortly after disclosing that it had made a $50 million investment in Bitcoin. Square was founded in February 2009, i.e. it is 11 years old, just like Bitcoin (BTC). The three co-founders are Jack Dorsey (who is also the company’s Chairman and CEO), Jim McKelvey, and Tristan O’Tierney.

4 months ago

BitMEX CEO Arthur Hayes Steps Down Following Criminal Charges – via CRYPTOBRIEFING
Following civil and criminal charges brought up by the CFTC and Department of Justice, Bitcoin derivatives exchange BitMEX has announced major leadership changes to its platform. The famous Arthur Hayes has stepped down as the CEO of BitMEX. Samuel Reed, the second co-founder and CTO of the exchange, has stepped back as well. The third co-founder, Ben Dilo, does not hold any position at the exchange.

4 months ago

Crypto Investors Waiting for Some Kind of Fiscal Stimulus Announcement – via CRYPTOGLOBE
On Thursday (October 8), investors in both equities and cryptoassets seem to be anxiously waiting to see if the Trump administration, the House Democrats, and the Senate Republicans can reach agreement on some kind of fiscal stimulus package before the U.S. presidential election on November 3.

4 months ago

Bitcoin Can’t be Correlated to Traditional Assets – Virgin Galactic Chairman – via CRYPTONEWS
If you follow the bitcoin (BTC) price movement, it will seem connected to traditional assets – but it can’t be, as it’s the opposite of today’s financial infrastructure, according to Chamath Palihapitiya, CEO of venture capital firm Social Capital, Chairman of commercial spaceline Virgin Galactic, and a former Facebook executive.

4 months ago

Bitcoin-inspired Art Sells for over USD 131,000 at Christie’s – via CRYPTONEWS
The link between the worlds of arts and blockchain-powered non-fungible tokens (NFTs) is continuing to deepen for collectors worldwide, with a bitcoin (BTC)-themed work named Block 21 (42.36433° N, -71.26189° E) (from Portraits of a Mind) – a piece inspired by blockchain technology – fetching USD 131,250 at a Christie’s auction.

4 months ago

Ethereum Miners Raked in Nearly $300 Million Last Month as Hashrate Breaks New Highs – via CryptoBriefing
Ethereum’s hashrate has surged to new all-time highs, marking an 80% increase since the beginning of the year. However, the replacement of the Proof-of-Work (PoW) protocol in ETH 2.0, along with decreased earnings for miners, questions the sustainability of the rise.

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