Coinbase Listing News Fits With Bullish Mainstrem Market, Pomp Says

Amid a bullish mainstream market, news of Coinbase’s reported traditional stock market listing could prove timely alongside other companies similar public listing efforts.  “When good times are rollin in the stock market, people want to get in there,” Morgan Creek Digital co-founder Anthony Pompliano said on an episode of his YouTube show, Lunch Money. Pompliano’s response came after a question from co-host, writer and influencer Polina Marinova, on the timing of Coinbase’s listing.  Traditional markets have shown positivity as of late. The S&P 500, a common mainstream market health barometer, sits…

Ukrainian Hacker Caught Selling Government Databases for Crypto

A Ukrainian hacker got caught selling confidential information gathered from Ukrainian central government databases.  According to a media release from the Ukrainian Cyberpolice, a hacker whose identity was not disclosed was able to break into many government databases by compromising personal accounts of authorized staff.  The hacker reportedly used brute force approaches to break into email addresses and social media accounts. Through this simple method, he appears to have found 50 government databases with up-to-date information. He then sought to sell the captured information on hacker forums in exchange for…

Leaked Documents Suggest Former Wirecard Exec Was Linked to Secret Russian Gov Operations

Wirecard’s recently-prosecuted former Chief Operations Officer, Jan Marsalek, may have had ties to Russian intelligence services. He also allegedly held secret documents about the use of a Russian chemical weapon in the U.K. According to the Financial Times, the former Wirecard executive bragged of his intelligence services’ ties in an effort to further integrate with London traders. Recovered documents contain specific data on the formula for the world’s deadliest nerve agent, known as Novichok. The chemical weapon was used in the poisoning of a former Russian spy, Sergei Skripal, and…

Bitcoin App Bottlepay Is Back From the Dead With a New Lightning App

The social payments app Bottlepay (née Bottle Pay) aims to relaunch in the next few weeks, after shuttering due to regulations in December 2019.  After restructuring the bitcoin wallet product to fit Europe’s anti-money laundering directive (AMLD5), the British startup is offering an exchange wallet with social features on Reddit, Twitter and Discord. Bottlepay co-founder Pete Cheyne said there are over 1,000 people on the waitlist for the closed beta relaunch in August.  “Because we’re moving to an app-native product there’s a lot more we can do,” Cheyne said. “We’re…

Price Analysis 7/10: BTC, ETH, XRP, BCH, BSV, ADA, LTC, BNB, CRO, EOS

As Bitcoin corrected on July 9, altcoin prices dropped but many are holding above their support levels, suggesting the uptrend will resume. Veteran trader Peter Brandt believes that a new altcoin season is likely to start in the near future and he predicted that altcoins are likely to outperform Bitcoin (BTC) during this next run. In the short-term, altcoins could embark on a rally without the support of Bitcoin but in the long-term it is unlikely that altcoins will rally if Bitcoin struggles to move up. On July 9, the…

Bitcoin SOARS then CRASHES again!!! What Are The Causes??? News + Price Analysis

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io With Protests, Riots and Looting across multiple cities in the United States of America we saw Bitcoins price soar well above $10,000 and the breakout looked like it was confirmed. Fast forward 15 hours and we are back where we started at $9500! Why did this happen and more importantly will investors suffer with Fear or FOMO in the aftermath?! We look at Bitcoin’s price and why fears of Civil War in the USA will lead ultimately to higher highs in Bitcoins…

Bitcoin’s Correlation With Gold Is Weakening, Says New Kraken Report

Though Bitcoin’s (BTC) correlation with gold has diminished, the asset’s correlation with the S&P 500 stock market index is on the rise, researchers from Kraken exchange found. Kraken Intelligence, a research arm of major United States cryptocurrency exchange, Kraken, released a “Bitcoin Volatility Report” for June 2020. Bitcoin’s volatility hits a 6-month low Published on July 9, the new report outlines a 31% drop in Bitcoin trading that resulted in a six-month low of Bitcoin’s annualized volatility, which accounted for 51% in June. According to the report, the significant decline…

Stellar (XLM) Could Soon Erase Recent Gains as It Hits “Make or Break” Level

Stellar (XLM) has been incurring massive upside throughout the past couple of weeks, with the token’s price surging to fresh yearly highs just days ago. It is currently expressing some signs of weakness, however, as the token’s price recently faced a grim rejection that has since sparked an intense price decline. Analysts are noting that this ongoing breakdown could ultimately result in a full retrace that causes it to reel back down to around where its latest parabolic push higher first began. Despite this, some analysts are remaining firmly bullish…

Bitcoin Reaches Record High Correlation to S&P 500

Bitcoin’s one-year correlation to the Standard & Poor’s 500 index hit record highs as the leading cryptocurrency continues to trade in lockstep with traditional financial markets. The realized correlation, which measures the relationship between two assets, reached 0.367 on Thursday, up from -0.06 on January 1, according to data from Coin Metrics. Bitcoin’s correlation to the benchmark index of U.S. stocks has made new all-time highs for the past three consecutive trading days. Before this, the previous high was on July 5, which lasted for one day.  It’s worth noting…

Binance CEO CZ Showcases First Use of Binance Card

Binance’s CEO has just demonstrated the first use of Binance Card, a cryptocurrency debit card that was first announced by Binance in April 2020. In a July 10 tweet, Binance CEO Changpeng Zhao revealed that he is taking part in Binance Card beta testing, featuring transactions involving Binance’s native token, BNB. This story is developing and will be updated. Original