July 2, 2020

¿Cuantos Bitcoin hay REALMENTE en circulación? ¿ y cuantos Ethereum, Litecoin, Ripple, …?

July 2, 2020 boss

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Authorities Take Down Biggest Criminal Chat Network Yet

July 2, 2020 boss

Law enforcement authorities throughout Europe arrested over 800 individuals that allegedly were using an encrypted chat network to coordinate their illicit activities. 60,000 members EncroChat was using modified Android devices to provide its users “worry free secure communications”. BBC reports that EncoChat has about 60,000 users: “An estimated 60,000 people, among them up to 10,000 in Britain, subscribed to France-based EncroChat, which has now been taken down.” Authorities allege that the criminals were using the encrypted messaging service to coordinate illegal activities like the sale of drugs and weapons. However,…

Bitcoin’s Current Price Impacted By Miners? It’s Possible, Analytics Company Says

July 2, 2020 boss

Mike Alfred, co-founder and CEO of data analytics outfit Digital Assets Data, recently pointed toward miners as a potential catalyst for recent Bitcoin (BTC) price activity. “It is tough to say definitively, but it appears as though the miners’ actions are having a direct, immediate impact on price,” Alfred told Cointelegraph on July 1. “This is especially evident during outlier events like on the 23rd, where we saw miners offload >300% more BTC than they mined that day,” he added, referencing June 23 activity. Image courtesy of Digital Assets Data…

Demand for Bitcoin Will See a Dramatic Shift in 8 Years – Retail Addresses to Eat up Entire New Supply

July 2, 2020 boss

A recent report from ZUBR Research explains that by 2028, retail demand for bitcoin will exceed the supply. The report highlights that in eight years as Bitcoin’s supply rate decreases “retail size addresses [will] begin to eat up all the new supply alone.” Even the next halving in 2024 could see retail accounting for acquiring 50% of the bitcoins in circulation. Not too long ago, cryptocurrency proponents witnessed the Bitcoin (BTC) network’s third halving which cut the block reward by 50% on May 11, 2020. Just before the third BTC…

Institutional Market Sentiment Data is Now Available to Anyone

July 2, 2020 boss

Estonian exchange, CoinMetro, has chosen to make their crypto sentiment analysis tool available to common users. This is the same tool that is used professionally by crypto hedge funds. Although the tool appears rather simplistic, CoinMetro CEO Kevin Murcko told Cointelegraph that the key here is that regular traders get access to exactly the same data that institutions have: “This data that we’re displaying is the same exact data viewed at the same exact time as the institutional player. So while it may like every indicator lag price, you’re getting…

The Simple Reasons Why Ethereum Could Soon Explode to its $250 Local Highs

July 2, 2020 boss

Ethereum has been struggling to recapture its long-held position within its trading range between $230 and $250. The token has traded below the lower boundary of this range for the past several days, but bulls are now trying to surmount it. It does appear that $230 has become a resistance level for the cryptocurrency, as it has tested this price on multiple occasions over the past day. Some analysts are still convinced, however, that Ethereum remains well-positioned to see further upside in the days and weeks ahead. One trader is…

Chinese Economist Says 2020 Is the Tipping Point for Blockchain

July 2, 2020 boss

The Tencent blockchain accelerator entry contest was held recently in Shenzhen China. Its theme concerned “blockchain industry and ecological co construction”. According to the local news on July 2, Professor Zhu Jiaming, former economist of United Nations Industrial Development Organization and the President of Chinese Digital Assets Research, believes “2020 is an important year for integrating blockchain in different industries, and it is a key period in the development and application history of blockchain.” Reaching the tipping point Zhu says there is an unprecedented consensus on the status of blockchain…

Traders Brace for Big Drop as Bitcoin Dips Below $9K for Seventh Time

July 2, 2020 boss

The price of Bitcoin (BTC) dropped below $9,000 in a rapid pullback, falling by 5% in 48 hours. It marked the seventh drop to the $8,000s for the top-ranked cryptocurrency by market capitalization within a span of two months, since early May. Thus, traders have been concerned that repeated drops below $9,000 may weaken a critical support level. Meanwhile, only $30 million worth of futures contracts were liquidated on the recent drop on BitMEX. The futures data indicates there exists a possibility of a bigger drop. Why did Bitcoin fall…

South Korean NGO Announces Blockchain-Based Healthcare Platform

July 2, 2020 boss

The Commons Foundation, a South Korean non-governmental organization, revealed its plans to develop a blockchain-based platform that aims to handle health epidemics in the wake of the COVID-19 crisis. According to Digital Today, the NGO will rely on blockchain public services to create an epidemiological research system to suit the coming post-coronavirus era. The article quotes a statement from Choi Yong-gwan, chairman of the Commons Foundation, who expressed concerns regarding the ongoing violation of personal information due to the pandemic emergency. Such a situation motivated the NGO to develop a…