Month: June 2020

Record Breaking Unmoved Bitcoin Data Sparks Expectation of Imminent Bull Run

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The amount of bitcoin that has not moved in over a year is at an all-time high. The last peak was in 2016, before the bitcoin bull run that saw the price spike to $20K. Several forecasting models have predicted that the price of bitcoin will reach $20K this year and the next bull run could start as soon as next month. Data Resembles Previous Bitcoin’s Bull Run The amount of bitcoin that has not moved in over a year is at 61.59% of the entire supply on Monday, an…

OKGroup Leads USD$2 Million Pre-IPO Investment Round in Fiat-to-Crypto Payment Service Provider (PSP), Banxa – Blockchain News, Opinion, TV and Jobs

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World-leading blockchain technology and service provider focused on the research and development of the technology and its all-scenario applications OK Group, has completed its USD$2 million Pre-IPO investment round into Banxa,  a full-service, internationally compliant digital banking infrastructure provider. Domenic Carosa, Founder and Chairman of Banxa said: “After almost six years in the blockchain industry, our goal remains the same––to champion a fairer, more open and more secure financial system for the benefit of consumers and businesses alike. We are currently in the final stages of a TSX.V listing which…

CEO: Crypto Staking on Matic Network Goes Live, Yield Reaches 150%

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Mainnet crypto staking on the Matic network went live on June 29, 2020. Delegators need a minimum of one Matic token to participate, and with a current price of just under two cents, the barrier to entry is low. Matic’s co-founder and CEO, Sandeep Nailwal took to Twitter to give an update on how the rollout is progressing. He Said that 7% of the circulating MATIC supply has already been staked during this period. What’s more, Nailwal also mentioned that crypto staking rewards are currently coming out at an impressive…

UK Courts Slams Doors on GPay Ltd Cryptocurrency Trading Website — £1.5 in Stolen Funds – Blockchain News, Opinion, TV and Jobs

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U.K.-based cryptocurrency trading firm GPay Ltd has been wound up by the High Court ‘in the public interest,’ according to a recent press release by the Insolvency Service. Formerly known as XtraderFX as well as Cryptopoint — the company was put to bed on June 23, 2020, in the UK High Court before Deputy Judge Baister. The Official Receiver has been appointed as liquidator of the company. David Hill, a Chief Investigator for the Insolvency Service, said: “GPay persuaded customers to part with substantial sums of money to invest in…

61% Of the Bitcoin (BTC) Supply Has Not Moved in Over 1 Yr

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Quick take: 61% of the Bitcoin circulating supply has not moved in 1 year.  44% has not moved in over 2 years, and 28% in over 3 years.  The percentage of Bitcoin that has not moved is an indicator of investor confidence in BTC being a store of value.  Bitcoin investors are true hodlers as illustrated by the percentage of BTC that has not moved in over a year. According to data from Glassnode, a total of 61% of the Bitcoin supply has not moved in this time period. This…

Blockchain-Fueled Influencer Marketing Platform Rolls Our Beta with TV Documentary Series, Open Source Money – Blockchain News, Opinion, TV and Jobs

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Raiinmaker has released its beta version influencer marketing platform, that empowers fans to share campaigns and be rewarded for endorsements. Utilizing a proprietary algorithm, the company calls ‘Proof of Influence’, companies and projects are now able to measure the return and impact of their campaign spend and provide better experiences to influencers. The first project to launch with the Raiinmaker app is called Open Source Money, a groundbreaking documentary series airing July 4th, produced by Vision Tree about the evolution of cryptocurrency and blockchain technology. Fans who promote Open Source…

Charles Hoskinson Admits Cardano Incentivized Testnet Voting Process Wasn’t Ideal

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With Cardano’s Shelley mainnet on track for rollout on July 29th, 2020, the incentivized testnet (ITN), which ran from November 2019 to June 2020, has served its purpose. IOHK CEO, Charles Hoskinson put forward his case to retain the ITN as a parallel chain. He suggested the ITN infrastructure could become a rapid testing environment for Cardano. However, this then creates additional problems such as how to incentivize ITN stake pool operators to keep going, as well as concerns over it competing with the main chain. The community would decide…

Abu Dhabi FSRA Approves Regulatory Approval for DEX in the Global Market – Blockchain News, Opinion, TV and Jobs

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Multilateral trading facility and custodian for virtual assets company DEX has secured Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM) in the United Arab Emirates. The FSP allows DEX to run a regulated Multilateral Trading Facility (MTF) and Custody platform using Virtual Assets that will serve retail and accredited investors, trading firms and institutions worldwide. DEX CEO Leon Smith said: “At DEX, our goal is to provide investors with a digital assets platform that delivers a best-in-class, fully regulated trading experience.…

Bitcoin, Crypto Owners Surge 1.1 million In UK Industry Boost

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In a boost to bitcoin and the wider crypto industry, the UK ‘s financial watchdog says ownership has spiked by a massive 1.1 million since a survey it carried out a year ago. The UK’s Financial Conduct Authority (FCA) found that a total of 2.6 million people have bought a cryptoasset. The most popular holdings are: Bitcoin 63%Ether 33%Litecoin 22%Dai 6%Tether 3%USDC 3% 2,681 took part in the survey, which was conducted by YouGov. Around 1.9 million consumers are estimated to still be holding the crypto that they bought. Of…

Russia’s E-Voting Blockchain Platform Attacked

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Russia’s blockchain e-voting platform for President Vladimir Putin’s proposed Constitutional amendments reportedly suffered a node attack last weekend. The proposal if passed will allow Putin to serve as President until 2036. Russia’s integration of blockchain-based voting is off to a bad start as the Bitfury powered system was reportedly attacked through an election observer’s node. The attack occurred on June 27, according to Russian state media organization TASS. However, the media site reports that government officials insist the attack did not cause a system malfunction and all the votes that…