Day: August 6, 2020

Nigerian Crypto Activity Has Been On the Rise Since April

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Nigeria, the biggest source of Bitcoin (BTC) trading volume in Africa, is apparently one of the fastest-growing crypto markets in the world, according to a new report. According to a new study by major crypto wallet Blockchain.com, Nigeria has seen the largest influx of activity on its wallet app since April 2020. Nigeria shows biggest interest in Bitcoin globally Published on Aug. 5, the report says that Nigeria has been the best performing country on its platform over the past three months. The report notes a 60% increase in usage…

Record $830M CME Bitcoin Futures Open Interest Highlights Bullish Trend

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Bitcoin (BTC) has been in a fairly strong bullish trend since mid-March when the price rebounded from the massive crash which saw the price drop as low at $3,600 on some exchanges.  Regardless of whether one is tracking the price on a 3-hour chart or the weekly timeframe, the price has steadily steamrolled higher, culminating with a test of $12,100 on August 2.  Technically, there hasn’t been a lower low ever since the 2-day 50% shakedown which saw the price testing the sub-$4,000 level. Bitcoin USD 3-day chart. Source: Skew…

Goldman Sachs’ Interest In Blockchain Shows Innovation Out of Necessity

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Mathew McDermott has assumed the role of global head of digital assets for banking giant Goldman Sachs, touting future blockchain predictions.  “In the next five to 10 years, you could see a financial system where all assets and liabilities are native to a blockchain, with all transactions natively happening on chain,” McDermott told CNBC for an Aug. 6 article.  Tweeting out the quote on Aug. 6, Morgan Creek Digital co-founder Anthony Pompliano added: “Wall Street is about to learn why technologists say innovate or die.” McDermott’s big plans include expansion…

North American Investors Vastly Favor Bitcoin Over Other Cryptocurrencies

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Bitcoin (BTC) is the most popular cryptocurrency for trading in every region of the world, but North American investors are the cryptocurrency’s biggest fans, a new report says. On Aug. 6, major crypto analytics firm Chainalysis published a report devoted to key trends in the North American crypto market. According to the report, North American investors “disproportionately favor Bitcoin” over other cryptocurrencies like Ether (ETH) or XRP. Bitcoin represents 72% of all crypto trading in North America While Bitcoin is the most traded crypto in the world, North America accounts…

It’s “Only a Matter of Time” Before Chainlink (LINK) Breaks $10.00; Here’s Why

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Chainlink has been flashing signs of immense strength throughout the past few days, with the cryptocurrency currently consolidating around its all-time highs. Despite being unable to break into the double-digit price region, the strong market structure established as a result of its recent push higher is likely to allow for further upside in the near-term. As such, analysts are now widely noting that it is only a matter of time before LINK breaks above $10.00 and further extends its parabolic momentum. One factor that could significantly bolster its USD price…

Market Wrap: Bitcoin Breaks $11,800; Ether Options Market Explodes

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Bitcoin continues its rebound this week after Sunday’s crash. Meanwhile, the ether options market suggests a roller coaster ride ahead for the world’s second largest cryptocurrency. It’s been a positive week for bitcoin so far. The world’s oldest cryptocurrency is continuing its rebound from a Sunday price crash, appreciating 12% on a bullish run that isn’t showing signs of slowing down. “Bitcoin reached above $12,000 on Aug. 2, but its ascension was stopped short,” said Jean-Baptiste Pavageau, a partner at quantitative trading firm ExoAlpha. “However, the impact on bitcoin was…

Liber LTD – Future of Currency Exchanges Industry

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Place/Date: – August 6th, 2020 at 8:10 pm UTC · 5 min read Source: Liber Liber, a currency exchange platform of dynamic growth with more than 500 users has emerged recently. Let’s look at what makes such dynamic growth of Liber. Introduction About Liber LTD. Company Information Liber Ltd works in financial trading area with enrollment number 174775. Authorised and Regulated by Belize (Belize Securities and Exchange Commission). Outstanding technologies applied in our Fodex trading floor: Artificial intelligence (AI) Our advanced trading system is a safe management system that has…

Kazakhstan May Tax Crypto Mining At a Flat-Rate of 15%

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A proposal made by the government of Kazakhstan aims to impose a 15% flat-rate tax on crypto mining. The plan would use any funds accumulated through the tax to deal with the COVID-19 crisis in the country. According to Forbes, the Ministry of the Economy hopes to combat COVID-19 by funding countermeasures through the collection of such taxes. This represents a departure from the nation’s previous statements, which indicated a different stance from the country. Officials stated that approximately 6% of the world’s Bitcoin (BTC) hash rate comes from Kazakhstan. …

Why XRP’s Waning Momentum May Be The Calm Before The Storm Surge

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XRP investors are eager to see their altcoin of choice get back a lot closer to all-time high valuations. The crypto market underperformer recently regained its number three rank thanks to an over 45% one-week rally. However, things have since cooled down. Why is momentum currently waning, and what does this mean for an extended recovery? The same indicator on lower timeframes points to a pause from bulls, but on high timeframes suggests this is the calm before the storm. What can altcoin investors expect? XRP Rebound Takes Pause, But…

Testimony From Craig Wright’s Ex-Wife Throws a Twist in the Billion Dollar Bitcoin Lawsuit

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On June 30, a jury trial was scheduled for the notorious Kleiman v. Wright lawsuit on October 13. Now a recent filing from the plaintiffs notes that when Craig Wright’s ex-wife Lynn Wright recently testified, she revealed a number of interesting findings. Lawyers representing the Kleiman estate say her testimony brings the “infamous “Tulip Trust” into question and that it wasn’t a “‘blind trust’ as previously alleged.” In mid-July, news.Bitcoin.com reported on the deposition of Craig Wright’s current wife Ramona Watts and her understanding of how bitcoin private keys work.…