Day: July 16, 2020

Bitcoin Investor Sues IRS for Unlawful Seizure of Financial Records at 3 Crypto Exchanges

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Bitcoin investor Jim Harper has sued the U.S. Internal Revenue Service (IRS), its commissioner, and a number of federal agents. He alleged that they unlawfully seized his private financial information from three cryptocurrency exchanges. Bitcoin Investor vs. IRS Bitcoin investor Jim Harper has filed a lawsuit against IRS Commissioner Charles P. Rettig, the IRS, and “John Doe IRS Agents 1-10.” The latter refers to “fictitious names for the person or persons who authorized and conducted the search” of his private financial records, according to the court document filed on July…

Learn How to Develop a Unique Trading Style With Peter Brandt & Joe Saz

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No two traders trade the same. But what does it take to develop a unique trading style? How large is the leap from amateur trader to skilled, strategical professional? 45-year trading veteran Peter Brandt and YouTube trader Joe Saz join this week’s Crypto Markets Live to retrace their trading journeys and explain how to find an individualized trading method. They will also discuss current crypto market price action and yesterday’s Bitcoin scam, which took over some of highest profile celebrity accounts on Twitter. During the show, don’t forget to write…

Analyst: Bitcoin Bulls Must Reclaim $9400 After Losing Key Level

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Bitcoin price has been consolidating for months, but the current level may soon be lost completely if bulls can’t quickly reclaim $9,400. If the first-ever cryptocurrency can’t do so, the asset is at risk potentially for a substantial drop as a result. What’s so important about this level, and why does one crypto analyst think its especially critical to the asset’s continued uptrend? Crypto Analyst Claims Must Reclaim $9400 Or Bearish Trend To Continue Overnight last night, Bitcoin price began falling from the mid-$9,000 range, falling briefly below $9,000 where…

South Korean Giant Hanwha Invests $3M in Crypto Disclosure Startup

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Major South Korean conglomerate Hanwha Group is cementing its involvement in the cryptocurrency industry with a new investment. Hanwha Investment & Securities, a securities brokerage subsidiary of Hanwha Group, has participated in a 4 billion won ($3.3 million) funding round in crypto firm CrossAngle. Xangle is specialized in collecting corporate disclosures for crypto Announcing the news on July 16, CrossAngle said that the Series A2 investment is expected to enable the company to develop an infrastructure for institutionalizing crypto data services. Incorporated in Singapore, CrossAngle is building Xangle, a public…

Blockchain Bites: Twitter Hack Fallout, A New Way to ‘Yield Farm’ and a Hurricane-Proof CBDC

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A Twitter hack, a new way to “yield farm” digital collectibles and why stablecoin use is on the rise in Hong Kong. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here.  Top shelf Dissent & StablecoinsStablecoin usage has spiked in Hong Kong following the imposition of the national security law, which aims to quell opposition to China’s ruling class by giving the Communist Party power to freeze and confiscate assets…

Grayscale Investments Releases Its Q2 Digital Asset Investment Report

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Grayscale Investments released its detailed Q2 2020 digital asset report and noted that approximately 84% of its investment came from institutional investors. New York-based fund provider, Grayscale Investments through its official website released its Q2 Digital Asset Investment Report.  According to the report, the company recorded $905.8 million total investment into Grayscale products during the second quarter of the year.  “Grayscale recorded its largest quarterly inflows, $905.8 million in 2Q20, nearly double the previous quarterly high of $503.7 million in 1Q20. For the first time, inflows into Grayscale products over…

Tesla Stock Down 3%, TSLA Need to Drop by $1,000 to Be Good Buy? 

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Tesla (TSLA) stock price is down today. But it is still very close to $1,500. Is the stock a good buy now or maybe it needs to drop by at least $1,000 to attract investors? Tesla Inc (NASDAQ: TSLA) stock price was slightly down in the pre-market and is 3% down now. Currently, TSLA is trading at slightly below $1,500, at $1,498.02. Experts suppose that the stock price could be much higher than current levels. That is if not for the COVID-19 pandemic. However, even the current price level has…

AAL Stock Down 6% as American Airlines Sends 25K Furlough Warnings

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American Airlines (AAL) stock is down. This is happening as the company has indicated that it may furlough up to 25,000 employees. The majority of them are front-line workers. American Airlines Group Inc (NASDAQ: AAL) stock price was down in the pre-market and is down now during the trading session. At the time of filing this report, American Airlines (AAL) stock price was $12.62 (-6.12%). It comes as the company has issued a notice of impending furloughs to 25,000 employees. It was said in a memo that was released yesterday.…

Bitcoin Options OI Rockets to $1.1 Billion as Explosive Volatility Looms

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The options market is becoming a more integral part of Bitcoin’s market, seeing tremendous growth throughout 2020. Less than a month ago, the benchmark cryptocurrency saw its largest ever options expiry, with nearly $1 billion in contracts expiring. In the time since, however, options open interest has rebounded significantly and is now sitting around $1.1 billion. Ethereum’s OI has grown slightly faster than that of BTC and has already reached its pre-expiry levels. It is likely that this OI could help catalyze some intense volatility in the near-term, helping to…

Samsung Adds New Crypto Feature to Their Devices with “Stellar” Blockchain

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Samsung device users can now securely store the private keys of their cryptocurrency wallet on their phone, with a recent add-on feature by the Stellar Development Foundation (SDF).    Stellar Feature for Samsung    Stellar, an open-source blockchain network developed by the SDF, has now been added to the Samsung Blockchain Keystore. The blockchain platform was developed by the non-profit organization in 2014. SDF’S ultimate goal is to revolutionize the digital economy by empowering Stellar users and making cryptocurrency trades more fluid and markets more accessible for investors.     The Stellar wallet and Blockchain Keystore is restricted to certain regions and only work on certain Samsung Galaxy Smartphones, which are currently Galaxy S20 Series, Galaxy Z Flip, Galaxy Note 10…