Bitcoin Price ‘Not at the Top’ of New Bull Cycle Yet, Data Shows

An Ikigai researcher says the Bitcoin Days Destroyed metric is mimicking behavior immediately before 2017’s record price run. Bitcoin (BTC) prices have far higher to go during their current market cycle if crowd sentiment takes charge, according to analysis of the Bitcoin Days Destroyed (BDD) technical metric. In social media posts on Aug. 22, Hans Hauge, senior qualitative researcher at crypto investment fund Ikigai, identified Bitcoin sentiment as being similar to early 2017. That was just months before the cryptocurrency reached its all-time high of $20,000. In a tweet accompanied…

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Deribit and Paradigm Launch Crypto Derivatives Block Trading

Dutch crypto derivatives exchange Deribit launched a block trading tool in partnership with trading comm platform Paradigm. Dutch crypto derivatives exchange Deribit launched a block trading solution in partnership with American trading communication platform Paradigm. World’s first block trading tool for crypto derivatives The institutional block trading solution is reportedly the first one of its kind offered by a crypto-derivatives exchange, the firms said in a press release shared with Cointelegraph on Aug. 22. The new block trading solution intends to enable institutions to directly negotiate crypto-derivative trades via chat…

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Top-Rated Crypto Exchanges Comprise 5% of Total Trading Volume: Report

Untrusted exchanges still command the lion’s share of global cryptocurrency trading volumes, a new CryptoCompare report reveals. Untrusted exchanges still command the lion’s share of global cryptocurrency trading volumes, a CryptoCompare report published on Aug. 21 reveals. As of July, D-E rated low-quality exchanges represented 64% of trading volume —  a staggering $316 billion — whereas top-rated AA platforms accounted for just 5% or $31 billion. A-rated exchanges nonetheless increasing share Lower quality crypto trading volume looms large over the sector: yet there is a silver lining. In July, volume…

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Two Thieves Caught on Tape Stealing Bitcoin ATM in the US

In a mall located in Washington DC, two alleged thieves have been reportedly filmed by security cameras as they stole a Bitcoin ATM. A Bitcoin (BTC) automatic teller machine (ATM) has allegedly been stolen in the United States with the theft caught on tape.  Bitcoin ATM theft in the U.S. A Bitcoin ATM has reportedly been stolen by two alleged thieves in a mall situated in Washington DC on Aug. 3, according to a report published by Finnish news outlet Ilta Sanomat on Aug. 22. Moreover, the alleged two suspects…

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Samsung-Backed Blockchain Startup Raises $7.5M from Shinhan Bank

Samsung-backed blockchain startup Blockco raised $7.5 million in a funding round from Shinhan Bank and KEB Hana among others. South Korean blockchain startup Blockco has secured 9 billion Korean won ($7.5 million) in a recent Series B+ funding round participated by major local banks. Banks continue interest in blockchain Backed by South Korea’s tech giant Samsung, Blockco announced the investment in a blog post on Aug. 22. The funding round involved South Korea’s oldest bank Shinhan Bank and South Korea’s largest foreign exchange bank, Korea Exchange Bank, also known as…

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R3 Plagued by Internal Conflicts Over Corda, Sources Claim

The development of R3’s enterprise blockchain platform Corda is reportedly beset by fundamental disagreements over its core vision, causing frustration and delay. The development of R3’s enterprise blockchain platform Corda is being plagued by fundamental disagreements over its core vision, causing frustration and delay. The claim was made in a report from FT Alphaville on Aug. 22, citing numerous insider sources. “Corda maximalists” versus interoperability proponents Sources close to R3 reportedly allege that there is a gulf between Corda’s engineers and its senior management as regards the product’s design and…

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Bitcoin Price ‘Not at the Top’ of New Bull Cycle Yet, New Data Shows

Ikigai researcher notes Bitcoin Days Destroyed metric mimicking behavior immediately before 2017’s record price run Bitcoin (BTC) price has far higher to go during its current market cycle if crowd sentiment takes charge, according to analysis of the Bitcoin Days Destroyed (BDD) technical metric. In social media posts Aug. 22, Hans Hauge, senior qualitative researcher at crypto investment fund Ikigai, identified Bitcoin sentiment as being similar to early 2017. That was just months before the cryptocurrency reached its all-time high of $20,000. “Bitcoin bubble tops are clearly identified with a…

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Andrew Yang Wants to Make US Elections Fraud-Proof Using Blockchain

Andrew Yang wants to implement blockchain-based mobile voting as President of the United States. Andrew Yang, a 2020 United States presidential candidate in the Democratic Party and blockchain advocate, says he will implement blockchain-based mobile voting as president. According to Yang’s campaign website, Yang believes that Americans should have the option of voting on a mobile device, using blockchain tech for verification purposes. Yang also believes that in terms of security risk, most voting machines are just as vulnerable to hackers as is the case with modern tech. Yang states:…

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Bitcoin Price ‘Will Never Hit $50K’ Gold Bug Peter Schiff Tells Tom Lee

A social media debate turned prickly after Lee rubbished Schiff’s prediction of a $5,000 gold price. Bitcoin (BTC)price  will never make it to $50,000, gold bug and crypto skeptic Peter Schiff has claimed in the latest attack on the largest cryptocurrency. ‘This is hysterical’ In a social media debate on Aug. 20, Schiff, who is well known for his distaste for Bitcoin, said that gold would definitely reach $5,000 in the future.  Schiff was debating with Joe Kernen, the CNBC host who recently interviewed Bitcoin proponent and regular Schiff troll,…

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Bitcoin Dominance Is Actually Above 90%, New Research Suggests

Bitcoin’s true share of the total market capitalization for all cryptocurrencies could be as high as above 90%, a new analysis claims. Bitcoin’s true share of the total market capitalization for all cryptocurrencies could be as high as above 90%, Forbes reported on Aug. 22. While mainstream crypto data aggregators have been pointing to a dominance level of around 70%, analysts at Arcane Research have calculated that the real level may be much higher. Liquidity must be taken into account Arcane Research has argued that to get a more accurate…

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