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“# Crypto population doubled to over 200M users since January, report says ” Cryptocurrency adoption has seen an accelerated growth this year, with the global crypto population doubling since January, according to a new report. Major digital asset company Crypto.com released its latest study on measuring global cryptocurrency users on Thursday, discovering that the number…
“# Bitcoin struggles at $40K after ‘most confusing’ Jerome Powell press conference ” Bitcoin (BTC) rose above $40,000 on Thursday, a day after the Federal Reserve hinted that it was getting nearer to unwind its asset purchasing program that has boosted the United States’ economic recovery. The benchmark cryptocurrency approached $41,000 in the previous session,…
“# Bitcoin open interest mimics Q4 2020 as new report ‘cautiously optimistic’ on BTC rally ” Bitcoin (BTC) futures open interest is mimicking the start of the BTC price bull run, data shows. As BTC/USD hovered near $40,000 on Thursda, a fresh bullish report from Stack Funds called for “cautious optimism” about further price rises….
“# Bitcoin hash rate rebounds as major miners are coming back online ” China’s stringent crypto regulations meant closing shop for many Chinese businesses within the Bitcoin (BTC) mining ecosystem. The sudden disappearance of Bitcoin miners from the grid resulted in falling hash rates. The hashing performance, the cumulative computing power of the Bitcoin network, dropped…
“# Bitcoin inheritance tool to use cloud service by Russian Sberbank ” A group of Russian experts is working on a new blockchain-based service to allow users to bequeath their cryptocurrency holdings and digital rights to the next generation. The National Technological Initiative (NTI), a global technical leadership program in Russia, announced a new digital…
“# Israeli gov’t seeks to track crypto holdings above $61K ” The Israeli government is ratcheting up its efforts to deter tax evasion and close loopholes for would-be money launderers as part of a “war against black capital.” Among the measures outlined in a new draft bill published by the Ministry of Finance this week,…
“# Record 57K BTC leave exchanges in one day dropping Bitcoin reserves to pre-crash levels ” Bitcoin (BTC) demanded a $40,000 resistance flip on July as on-chain data revealed large withdrawals from exchanges. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Exchange balances shed 57,000 BTC Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rise…
“# Bitcoin Strategy ProFund aims to tackle regulatory barriers for investors ” The United States-based investment management firm ProFunds announced the launch of Bitcoin Strategy ProFund (BTCFX), one of the first publicly available mutual funds or ETFs that performs in parallel with Bitcoin (BTC). ProFunds provides an alternative to the traditional methods of holding cryptocurrencies…
“# Unique Bitcoin-backed home loan refinancing deal in California ” One of Southern California’s largest independent escrow companies, Glen Oaks Escrow, has announced its first property refinancing with a Bitcoin-backed loan. The company stated that this is the first time a refinancing has been completed using Bitcoin as collateral. In the July 28 announcement it…
“# Bears scattered as Bitcoin hit $40K, but pro traders remain cautious ” Bitcoin (BTC) traders might be feeling extra euphoric after the recent 35% rally, but data suggests bears are not too worried because a similar breakout took place in mid-July and the price failed to hold the $40,000 support. To understand how bullish…