Australian exchanges delist privacy coins amid Chainalysis integration

Pressured by external forces, two Australian exchanges have begun to delist a number of privacy coins including Monero (XMR) and Bytecoin (BCN). On August 24, YouTuber Alex Saunders tweeted a screenshot of what appears to be an announcement from the Australian exchange, Coinspot. This announcement seemed to suggest that several privacy coins were going to be delisted by August 31: Source: Twitter. Another Twitter user alleged that CoinSpot was not the only one planning to delist privacy coins, claiming that Swiftx, another Australian exchange, was planning to do the same.  On…

Bittrex Global Announces Listing of Sensorium (SENSO)

Place/Date: Los Angeles, California – August 25th, 2020 at 6:00 pm UTC · 3 min read Source: Bittrex Global Photo: Bittrex Global  The global cryptocurrency exchange Bittrex Global has announced the listing of SENSO token, the in-platform currency of Sensorium Galaxy, a social VR platform that rethinks the way people interact with each other and experience the arts. Developed on the Ethereum platform, SENSO token drives all value transactions within the VR alternate universe.  Sensorium Galaxy is being built in partnership with world-known artists and producers, including the creator of…

Southampton FC Pen Partnership and Sponsorship Deal with Sportsbet.io

Sportsbet.io, a sportsbook of the Coingaming Group, are a leading cryptocurrency-based sports betting platform, who pride themselves on an innovative approach to providing a unique service to their customers, both in the UK and abroad. The company, who will feature on the front of the first-team and Under-23 shirts, have stepped in at short notice to help support the club ahead of the upcoming season, and we will work closely together in the coming weeks to provide the best possible solution for those fans who wish to show their support…

DeFi giant Aave (LEND) rallies 40% after receiving UK FCA approval

In the last 24-hours Aave (LEND) token rallied to a new all-time high after surging 30% from $0.59 to $0.77. The strong upside move comes as Bitcoin (BTC) and most altcoins are in the red, having lost momentum as the U.S. dollar bounced. The most recent rally seems to be driven by the news that the decentralized finance lending and credit protocol received an Electronic Money Institution (EMI) license from the U.K. Financial Conduct Authority (FCA). This allows Aave’s parent company, Aave Limited, to “issue electronic money (e-money) and provide…

Citi Says ‘All-Powerful Fed’ Will Save the Stock Market. It Won’t

Citigroup no longer believes stocks are heading for a drop this year. Citi’s new forecast calls for a decline from recent highs, but still shows a net gain for the S&P 500 this calendar year. The bank cites unprecedented Fed intervention for its sudden U-turn. Don’t fight the Fed. That’s the general takeaway from Citigroup’s latest forecast on the S&P 500. The Wall Street firm has revised its outlook on equities because the ‘all-powerful’ Federal Reserve won’t let them fail. Although fighting the Fed might be foolish, relying on it…

Bitcoin Rally, Altcoin Season Take Crypto Market Recovery To Pre-Bear Market Levels

The total crypto market capitalization is up over 80% year to date, adding a staggering $155 billion in just eight months. The major boost from both Bitcoin and altcoins has brought the total market cap to $432 billion –  a level that hasn’t been revisited since April 2018, when the bear market first began. Is this a sign the bear market is over, and a new bull market in cryptocurrencies is about to begin? Total Crypto Market Reaches Pre-Bear Market Milestone In late 2017 Bitcoin went on a meteoric rise,…

What death spiral? Bitcoin mining difficulty rises by 9% since halving

After the May 11 halving, some skeptics speculated that miners would capitulate or that the entire process would enter a death spiral. Fast-forward three months and the Bitcoin (BTC) hash rate is at a record high. An all-time high hash rate and a stable Bitcoin mining industry are both positive signs for the medium to long-term trend of BTC. A rising hashrate is a positive for Bitcoin According to data from Glassnode, the mining difficulty of Bitcoin increased by 3.6% on Aug. 24 and is now at a new high.…

Analysts Predict US Presidential Election Outcome Could Collapse Dollar, Boost Bitcoin and Gold

Analysts have predicted a bearish outlook for the U.S. dollar as the country’s 2020 presidential election approaches. One analyst says gold will correct with Donald Trump’s victory followed by the collapse of the U.S. dollar. Bitcoin, on the other hand, stands to gain from the election. Effect of 2020 US Presidential Election on Gold, Dollar, and Bitcoin Analyst and consultant Dan Popescu has shared his view on how the outcome of the U.S. presidential election could affect several markets. He discussed the outlook of the gold market and the U.S.…