The price of gold reached a new all-time intraday high of $1,942 Monday, extending a rally that started in 2019. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Original
Bitcoin’s (BTC) recent breakout was accompanied by a massive spike in on-chain exchange volume activity, according to data from Glassnode. On-Chain exchange activity. Source: Glassnode. Unlike regular trading volume that is often artificially inflated by the exchanges, on-chain activity may be more indicative of the true patterns. Interestingly, the only metric that experienced a downward trend is the number of exchange deposits. This may be a bullish sign in its own right. Weekly percentage change in volume. Source: Kaiko. 700% growth in DAI/USDT The data for the previous week indicates…
U.S. investors may be planning to use their second $1,200 stimulus money to buy bitcoin – again. The U.S. government is, on Monday, expected to approve plans for this second payout, White House officials have confirmed. The bailout is intended to cushion families against the covid-19 fallout. Instead of buying groceries or paying rent, many Americans opted to invest in the top cryptocurrency when they received their first stimulus checks in April. And the gamble — ditching inflationary government money for deflationary crypto — is paying off. Those that converted…
The No More Ransom decryption tool repository, an initiative launched by Europol to combat ransomware attacks, has saved individuals $632 million in ransom demands since 2016. According to the announcement published by Europol, the repository is celebrating its fourth anniversary. Over the past four years, the repo has gathered over 4.2 million visitors from 188 countries thanks to a compilation of tools from 163 partners. The initiative’s website lists 100 different tools covering 140 different families of ransomware. Covering a wide range of ransomware decryptors The project’s largest contributor is…
Ethereum’s price has been driven higher by a massive influx of buying pressure seen throughout the past several days. The intensity of its uptrend has even been enough to drive Bitcoin’s price higher as well, with the benchmark cryptocurrency flying past its $10,000 resistance level yesterday shortly after Ethereum was able to rally up to $320. The cryptocurrency has since stabilized around this price level as buyers attempt to garner greater support. Analysts are now convinced that further upside is imminent for ETH, as the technical strength created by its…
According to Chainalysis, almost one million Bitcoin (BTC) is held by illicit actors in the space with over half being held by darknet markets. Bitcoin held by illicit entities. Source: Chainalysis. Illicit markets currently have 585,000 BTC in their possession, scams have 99,000 BTC, stolen funds constitute another 205,000 BTC, and all others hold an additional 3,000 BTC — a grand total of 892,000 BTC. According to Chainalysis, only 0.32% of all current Bitcoin flows are tainted by illicit activity. Laundering of illicit Bitcoins. Source: Chainalysis. Exchanges play a pivotal…
July 27, Brave Software partners with Guardian to bring greater levels of security and privacy to the iPhone and iPad users. This partnership will combine the privacy stack of the two companies — Brave’s privacy focused browser with Guardian’s VPN and firewall service. The iOS users of Brave Browser will be able with one click to turn on Brave Firewall + VPN that will protect the entire device from privacy intruding trackers. A screenshot of Brave’s VPN+Firewall. Source: Brave. Guardian is good for Brave users Brave CEO Brendan Eich told…
Charles Hoskinson, CEO of Cardano (ADA) developers IOHK, took to YouTube on July 25 for one of his regular ask-me-anything sessions. Among a wide range of topics covered, Hoskinson gave details about the status of a number of tenders aimed at making inroads into Africa. Can’t win ‘em all Hoskinson admitted that IOHK had been underbid on its primary tender, to facilitate a fertilizer voucher scheme for farmers with Ethiopia’s Agricultural Transformation Agency, or ATA. This was despite putting in what he felt was an incredibly low bid himself. “It…
High spot bitcoin volume not seen since June is helping price while Ethereum’s DeFi expansion continues to include costly network fees. Bitcoin (BTC) trading around $10,829 as of 20:00 UTC (4 p.m. ET). Gaining 9.7% over the previous 24 hours. Bitcoin’s 24-hour range: $9,849-$10,964 BTC above 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since July 26.Source: TradingView Bitcoin hit $10,964 on spot exchange Coinbase Monday, a price level not seen since August 2019. “The bitcoin breakout seemed to finally have happened as…
Chinese tech giant Huawei recently applied for a new patent related to blockchain technology which deals with storage methods and devices. Huawei holds a number of other relevant patents, covering topics like Blockchain-based settlement methods. According to the Chinese corporate database, Tianyancha, the smartphone manufacturer filed for a “blockchain ledger storage and device,” patent on January 17, 2019. The application announcement date at the time was set for July 14. The government of the Nanshan District of Shenzhen previously announced a partnership with Huawei to boost the adoption of blockchain,…