Cameron and Tyler Winklevoss, co-founders of the US-based Gemini exchange and family office Winklevoss Capital, forecast the price of Bitcoin (BTC) could reach USD 500,000, as the the US debt-to-GDP ratio is set to expand more in 2020 than it did over the entire prior decade, triggering inflation, and causing investors to shift their assets…
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UK-based developer Chris Belcher has released a design document for a routed multi-transaction CoinSwap implementation, further developing his work on improving Bitcoin (BTC) transaction privacy and fungibility. The post, which comprises a detailed design of the first protocol version, has spurred further discussions, with various voices from the Cryptoverse inquiring Read more »Pay, Trade, Buy…
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The US-based mutual fund giant Fidelity is reportedly set to launch their first bitcoin (BTC) fund targeted at high profile investors. The new filing with sparse details was made public by the Securities and Exchange Commission (SEC), and it revealed that Fidelity’s head of strategy and planning, Peter Jubber, would lead a new Wise Origin…
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In what has been a torrid week for South Korean crypto exchanges, the CEO and the executive director of a legitimate-looking trading platform have been sent to jail for three and two years respectively – after a court found them guilty of duping investors with a bogus exchange. A branch of the Supreme Court in…
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Source: Adobe/Wit (edited by Cryptonews) Atlanta-based crypto pay service provider BitPay says that bitcoin (BTC) and altcoin payments are on the rise – with the number of transactions on its platform growing by 4.6% in June. Per data released by the firm, 107,000 crypto pay transactions were completed on BitPay in June, a new record…
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Bitcoin price is still holding the USD 11,100 and USD 11,000 support levels. BTC is currently (08:30 UTC) recovering higher, but it is facing a strong hurdle near USD 11,500 and USD 11,550. If there is no upside break above USD 11,550, the price could resume its decline. Similarly, most major altcoins are still in…
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As the bitcoin (BTC) whale population continues to grow to a fresh all-time high, hardcore HODLing also appears to be on the rise, with coins not moved for at least two years hitting the highest level since June 2017. After months of accumulation by the largest bitcoin holders, the number of wallet addresses with more…
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Police in South Korea have raided the offices of Coinbit, a South Korean crypto exchange, under suspicion of widespread market manipulation. The exchange was set up in 2018 by gaming firm Axia, and has risen to become one of the most promising of the chasing pack of exchanges behind market leaders Bithumb and Upbit. Details…
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Police are investigating a number of emailed crypto ransom bomb threats in several Japanese cities – with criminals threatening to destroy city halls and go on killing sprees unless they are paid in bitcoin (BTC). Per a report from Kyodo News, and published by Chunichi Shimbun, the threats have centered on public bodies in the…
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"History will show that 2020 was a breakout year for Bitcoin," said Nigel Green, the Chief Executive Officer (CEO) of deVere Group, a financial advisory and fintech organization. The analyst said Bitcoin’s price will soar, prompted by the upcoming US presidential election in November and the weakening dollar. “We can expect the world’s largest Read…
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