Today at Chaintalk News

August 5, 2020

Week in Crypto: Ghosn’s Crypto Escape, Beijing’s Blueprint to Blockchain Hub

By ChainTalk TV

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Dash Latin American crypto card to launch in partnership with Taurus

The much-awaited Dash Latin American crypto card will be launched in collaboration with Mexico-based cryptocurrency exchange Taurus. The two have joined to expand their services in the country and provide crypto-centric financial solutions. Taurus is a cryptocurrency exchange based in Mexico. Initially, the Dash Latin American crypto card will be available for Mexican users of […]
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Analyst Says Market That ‘Knows All’ Just Sent Major Warning Signal – Here’s Why Bitcoin Is in the Crosshairs

Securities trader and analyst Alessio Rastani says the market that “knows all” is flashing a warning signal that could spell trouble for Bitcoin (BTC). In his latest market review, Rastani explains why the bond market is a reliable indicator of the performance of the stock market. “Bonds are typically traded by big institutions, big funds. […]The post Analyst Says Market That ‘Knows All’ Just Sent Major Warning Signal – Here’s Why Bitcoin Is in the Crosshairs appeared first on The Daily Hodl.
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Bakkt's Bitcoin delivery in 2020 reaches yearly low

Bitcoin market witnessed large sell-off taking place within an hour on 2 August. This selling pressure caused the price of BTC to dip from $12,100 to $10,559. However, the asset immediately bounced baThe post Bakkt's Bitcoin delivery in 2020 reaches yearly low appeared first on AMBCrypto.
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Millions of Visa-accepting stores in Mexico can now take crypto

Mexico-based cryptocurrency exchange Tauros has launched the region’s first crypto debit card through a deal with Dash and Visa.
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Ethereum options more attractive than Bitcoin options, says Deribit

Ethereum options are shining brighter as compared to Bitcoin options, as per the Institutional Newsletter of Deribit. Even though the first quarter of 2020 has been a lackluster period, the events from March onwards have the crypto analysts glued to their seats. Source: Deribit In July, both Bitcoin and Ethereum made remarkable gains and made […]
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“Ethereum Is A Continuation Of Satoshi’s Vision”, Says Vitalik as ETH 2.0 Launches Final Medalla Testnet

The Ethereum development team successfully launched the final Multiclient Medalla Testnet for Phase O (Beacon Chain), on 4th August and right on schedule. This follows a recent update by Ethereum developer Terence Tsao who said the Medulla genesis state had achieved over 20,000 validators across its five clients; Lighthouse, Prsym, Teku, Nimbus and Lodestro. An […]
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Bitcoin Price Hits ATH Against the Turkish Lira

Bitcoin reached an all-time high (ATH) value trading against Turkey's national currency, the lira. This is largely caused by the rapidly decreasing TRY. The post Bitcoin Price Hits ATH Against the Turkish Lira appeared first on CryptoPotato.
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Institutions that want in on DeFi are buying Ethereum first: fund manager

Decentralized finance has attracted much interest from all corners of the world in recent months. The post Institutions that want in on DeFi are buying Ethereum first: fund manager appeared first on CryptoSlate.
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More Coin Developing Tokenized Memberships for Hotels

August 4, 2020 — Las Vegas More Coin (www.mre.live) today announced that it is adding tokenized hotel services to its member benefits. The company has been developing private clubs for hospitality properties and tokenized time shares using MORE Coin. Members will be able to use MORE to purchase or use these services. The global pandemic has […]The post More Coin Developing Tokenized Memberships for Hotels appeared first on The Daily Hodl.
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Ethereum volume hits all-time high as DeFi market cap nears $9 billion

DappRadar attributes Ethereum’s bumper month to the rise of DeFi.
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Plan B: BTC Will Hit $100K Before Its Next Halving

Bitcoin is in a relatively strange position at the time of writing, but according to Plan B – a crypto analyst on Twitter – the currency is presently slated to take $100,000 within the next four years. Plan B Is Confident in Bitcoin’s Future The currency has hit something of a snag over the past...The post Plan B: BTC Will Hit $100K Before Its Next Halving appeared first on Live Bitcoin News.
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Anonymous wallet deposits ban: a foretaste of December?

In what can be said to be a kick against money laundering and financial fraud, the Russian government championed by the legislature has placed a ban on anonymous wallet deposits in the country. The passage of the ban is separate from the actual regulatory framework for the crypto industry set out in the bill “On […]
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Are Ethereum options gaining more interest than Bitcoin Options?

July marked the first month of the Q3 2020 and after an unenthused period in the market, Bitcoin and Ethereum made huge strides in the final 9-days of the month. According to Deribit's Institutional NThe post Are Ethereum options gaining more interest than Bitcoin Options? appeared first on AMBCrypto.
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DEX volumes made up almost 4% of centralized exchange volumes in July — a monthly high

The ratio of decentralized exchange volume to centralized exchange volume hit a new high in July. The post DEX volumes made up almost 4% of centralized exchange volumes in July — a monthly high appeared first on The Block.
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Market Wrap: Bitcoin Flat at $11.2K; DeFi Has Highest Volume Month Ever

A weak bitcoin market is not stopping Ethereum-powered DeFi growth.
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The SEC wants to buy a blockchain forensics tool for monitoring smart contracts

The SEC has put out the call for a blockchain forensics tool to help it monitor smart contracts.The post The SEC wants to buy a blockchain forensics tool for monitoring smart contracts appeared first on The Block.
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Kazakhstan crypto taxes set to charge 15% from crypto miners

The upcoming Kazakhstan crypto taxes will aim to regulate the country’s burgeoning crypto mining industry. The authorities plan to impose 15 percent taxes in an effort to shore up reserves in the fight against COVID-19 pandemic. Approximately 6 percent of the worldwide BTC mining hashrate comes from Kazakhstan, making it a significant player in the […]
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SEC on the hunt for more tools to keep a closer eye on crypto

The SEC is requesting bids to secure even more blockchain forensic tools, specifically those can that analyze smart contracts.
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Bitfinex Announces $400 Million Reward For Hacked Bitcoin Recovery

Bitfinex has announced a $400 million reward for people who help them recover the bitcoins lost during the infamous hack back in August 2016.The post Bitfinex Announces $400 Million Reward For Hacked Bitcoin Recovery appeared first on CryptoPotato.
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Bitcoin Black Friday 2020 Will Host Major Discounts For BTC Payments

Bitcoin Black Friday is returning in full force for 2020, emphasizing Bitcoin’s power as a payments tool with major discounts on retail items.The post Bitcoin Black Friday 2020 Will Host Major Discounts For BTC Payments appeared first on Bitcoin Magazine.
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Huobi’s COO Thinks Blockchain Regulation Needs to be Better Defined

Huobi’s COO believes lack of defined regulation and infrastructure services are preventing the mass adoption of blockchain technology.
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cointelegraph

Huobi’s COO Thinks Blockchain Regulation Needs to be Better Defined

Huobi’s COO believes lack of defined regulation and infrastructure services are preventing the mass adoption of blockchain technology.

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BitBlockBoom Is Bringing Bitcoiners Back Together

The BitBlockBoom conference will be held in Dallas, Texas on August 29, 2020. We asked organizer Gary Leland about how he's preparing to ensure a safe event.The post BitBlockBoom Is Bringing Bitcoiners Back Together appeared first on Bitcoin Magazine.
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cointelegraph

Bitcoin Hater Peter Schiff Says Dollar Approaching ‘Wile E. Coyote Moment’

Gold price reached a new all-time high and the same factors behind its rally could also push Bitcoin price higher.

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Bitcoin Hater Peter Schiff Says Dollar Approaching ‘Wile E. Coyote Moment’

Gold price reached a new all-time high and the same factors behind its rally could also push Bitcoin price higher.
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South African Bitcoin Investment Company Faces Fresh Scam Allegations

FX Choice, a forex and crypto trading company, is making new allegations that South African bitcoin investment company, Mirror Trading International (MTI) is a multi-level marketing scam. The company says it uncovered this after researching into MTI, a firm that claims to have “118,027 members in 192 countries” and ostensibly sees “12,879.70 Bitcoin in trade […]The post South African Bitcoin Investment Company Faces Fresh Scam Allegations appeared first on Bitcoin News.
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Ripple Says It’s Now Buying and Selling XRP, With $32,500,000 Used to Drive Crypto Remittance Liquidity

Ripple has released new numbers on its quarterly sales of the digital asset XRP. The company says it sold $32.55 million worth of XRP in the second quarter of 2020, up from just $1.75 million in the previous quarter. In its Q2 Markets Report, the payments startup says it continues to pause programmatic sales of […]The post Ripple Says It’s Now Buying and Selling XRP, With $32,500,000 Used to Drive Crypto Remittance Liquidity appeared first on The Daily Hodl.
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Congresspeople Call on IRS to Take It Easy on Taxing Staking Rewards

Several of the more crypto-forward members of Congress have asked the IRS to sharpen up its guidance on taxing staking rewards.
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cointelegraph

Congresspeople Call on IRS to Take It Easy on Taxing Staking Rewards

Several of the more crypto-forward members of Congress have asked the IRS to sharpen up its guidance on taxing staking rewards.

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EOS price rests near $3.04, upward breakout ahead?

The EOS price may be getting ready for a breakout above a big descending triangle which could lead the coin’s price to new highs. On the 4th of August, EOS traded near the $3.04 mark. 1-Day EOS price analysis EOS price chart by Trading View The coin traded above the $3.04 mark at the start […]
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Banana Fund: US authorities seize $6.5M in crypto from alleged Ponzi scheme

The United States Department of Justice (DOJ) has confiscated $6.5 million of cryptocurrencies from the operator of Banana Fund. The unnamed administrator allegedly plotted and conducted a scheme to defraud investors using “interstate wires.” The project was investigated by the US Secret Service that filed a forfeiture suit against the operator. Banana Fund The project’s […]
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MakerDAO’s battle to keep up with DAI demand

Quick TakeThe supply of the decentralized stablecoin DAI has grown to 379.1 million, up from 134.7 million on July 1st (a 181.4% increase).New demand for DAI has been primarily driven by liquidity mining on Compound and yEarn. Increased demand has led to DAI consistently trading above its targeted $1 peg.Currently, the focus is on changing the parameters of, and adding new, collateral types to keep up with growing demand.
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YFI clones: When one 'Wifey' is not enough

The success of YFI's token has spawned a number of knockoffs, including YFII, C.R.E.A.M and WIFEY, and the first DeFi exit scam.
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CWT Travel Company Forced to Pay Heavy BTC Ransom

A corporate travel company has been forced to pay a massive bitcoin ransom to hackers that apparently took over its computer systems and encrypted its data. The company – known as CWT – is now nearly $5 million poorer, having paid approximately $4.5 million to get its information and network back. CWT Is the Latest...The post CWT Travel Company Forced to Pay Heavy BTC Ransom appeared first on Live Bitcoin News.
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Ethereum long-term price analysis: 4 August

For Bitcoin, its current price position is not typically on unfamiliar grounds. However, the narrative was completely different for Ethereum. The largest altcoin is currently trading at a range last wThe post Ethereum long-term price analysis: 4 August appeared first on AMBCrypto.
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Can Social Media Be Redeemed? Feat. Bobby Goodlatte

An early Facebook product designer-turned angel investor discusses how social media has changed and whether it can be changed again for the better.
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‘Rat Poison Squared on Steroids’: What’s New in Bitcoin’s Latest Lightning Release

With a sly poke at Warren Buffet's comment that Bitcoin is "rat poison squared," c-lightning developers' latest release adds some key new Lightning features.
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Final test before Ethereum 2.0 mainnet release is now live

The Eth2 Medalla testnet went live today, marking the final stage of testing before the mainnet release of Eth2 is released into the wild.
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Will XRP’s Abysmal Performance Return Following Jed McCaleb’s Huge Sell-Offs?

Popular cryptocurrency transactions tracker, Whale Alert has revealed through an investigation that Ripple co-founder Jed McCaleb has sold 375 million XRP so far in 2020. The total value of which is $75 million – sold around 1.74 million XRP per day. In 2014, McCaleb revealed publicly that he and other Ripple co-founders kept a hefty […]
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Do You Know The Most Valuable Blockchain Companies?

Ripple ranks the highest amongst companies in the Blockchain sector according to the latest annual ranking from Hurun.
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cointelegraph

Do You Know The Most Valuable Blockchain Companies?

Ripple ranks the highest amongst companies in the Blockchain sector according to the latest annual ranking from Hurun.

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DeFi token Chainlink surges 14% as price nears $10

2020 continues to be a great year for Chainlink. As Bitcoin prices soar, and Chainlink racks up partnership after partnership, LINK holders reap the benefits.
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Congressional lawmakers urge the IRS to craft proactive tax policy for crypto staking rewards

A group of Congressional representatives have sent a letter to the Internal Revenue Service (IRS) urging the tax agency to write policy that does not impede proof of stake technology.The post Congressional lawmakers urge the IRS to craft proactive tax policy for crypto staking rewards appeared first on The Block.
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US Lawmakers Don’t Want Proof-of-Stake Networks to Get Overtaxed

Four U.S. congressmen have asked the IRS to clarify how block rewards from proof-of-state networks are taxed, to prevent taxpayers from owing more than they should.
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SEC Seeking ‘Smart Contract’ Tracing Tool That Can Spot Security Vulnerabilities

The federal securities watchdog has taken an interest in DeFi's most basic building block.
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Bitfinex Offers $400 Million Reward For Info On The Massive 2016 Bitcoin Hack

Almost 4 years ago to the date, hackers breached Bitfinex. It wasn’t the first Bitcoin hack or the biggest, but the thieves got away with a hefty sum of 119,756 BTC. At the time these coins were worth around $70 million bucks, but now the haul the hackers made off with is worth more than […]
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All eyes on ETH 2.0 Medalla Testnet as bulls drive Ether price higher

Ether price set to rise again from the recent lows after touching $415 highs Glassnode says 90 percent of ETH holders are now in profit Ethereum 2.0 Medalla Testnet and DeFi to fuel further growth Cryptocurrency Daily Heatmap – by Coin360 Ether price is set to soar as Medalla testnet goes live The launch of […]
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‘Robinhood Influencer’ Wants the Winklevoss Twins to Explain Bitcoin to Him

Dave Portnoy, also known as Davey Day Trader, now wants to learn how to buy Bitcoin from the Winklevoss twins.
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cointelegraph

‘Robinhood Influencer’ Wants the Winklevoss Twins to Explain Bitcoin to Him

Dave Portnoy, also known as Davey Day Trader, now wants to learn how to buy Bitcoin from the Winklevoss twins.

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XRP Short-term Price Analysis: 4 August

The cryptocurrency market broke out of the long crypto-winter that restricted the price of most major assets between their immediate resistance and support. However, for the third-largest digital asseThe post XRP Short-term Price Analysis: 4 August appeared first on AMBCrypto.
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Opyn pulls liquidity from Uniswap pool as signs point to possible ETH thefts

Ethereum network data suggests that an outside actor or actors executed an exploit of the options issuance platform Opyn, resulting in the loss of an as-yet-to-be-determined amount of ETH.The post Opyn pulls liquidity from Uniswap pool as signs point to possible ETH thefts appeared first on The Block.
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Team 300FPS – Currently Recruiting Members for Valorant, Fortnite and Warzone

Team 300FPS is an esports group based in Los Angeles, CA focusing on competitive FPS games such as Fortnite, Valorant and Warzone. Currently, Team 300FPS is holding open recruitment until the end of August. If you are a West Coast player, are an avid fan of FPS and are looking for like minded individuals to […]The post Team 300FPS – Currently Recruiting Members for Valorant, Fortnite and Warzone appeared first on NullTX.
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Barstool Sports president: 'I want to buy all the Bitcoins'

The Winklevoss twins have agreed to show Dave Portnoy how to use Bitcoin, albeit in their college rowing uniforms. Is this real life?
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More than 90% of ETH holders in profit, says Glassnode

ETH holders have something to cheer for. A recent study by Glassnode has revealed that more than 90 percent of current Ethereum holders are in profit. As the ETH/USD prices hit new highs, the news brings even more positivity into the Ethereum ecosystem. Over 90% of the circulating #ETH supply is now in a state […]
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Bitcoin Cash price varies near $286, what to expect?

On the 4th of August, the Bitcoin Cash price line fell towards the $286 mark. The cryptocurrency is expected to move towards the $315 mark in a short-term trade. 1-Day Bitcoin Cash price analysis Bitcoin Cash price chart by Trading View At the beginning of the day’, the cryptocurrency traded near the $298 mark, after […]
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cointelegraph

Russia’s Biggest Bank Considers Launching Its Own Stablecoin

Shortly after Russia’s president, Vladimir Putin, signed the country’s recent cryptocurrency law, the country’s largest bank voiced its considerations.

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cointelegraph

Dash Launches Latin America’s First Ever Crypto Debit Card

Crypto exchange Taurus will offer the first crypto debit card backed by Dash in Latin America.

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cointelegraph

Twitter Hack Shows That Crypto Is Easier to Investigate Than Fiat, Say Industry Law Experts

A panel of compliance experts from the crypto industry agreed that law enforcement and institutional finance have been hearing more positive narratives about crypto.

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cointelegraph

Chainlink Zeroes in On Smart Contract Adoption With New Grant Program

Chainlink quietly unveils a grant program with the stated goal of making smart contracts “the dominant form of digital agreement”.

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cointelegraph

Bitfinex Offers up to $400M for Information Leading to BTC Stolen in 2016

Bitfinex wants to recover Bitcoin stolen from it in 2016, even if that means paying to find the hackers responsible for the attack.

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cointelegraph

Tracing Fishy Risks With Blockchain Tech Amid the COVID-19 Pandemic

The COVID-19 pandemic has highlighted challenges in global seafood supply chains, and blockchain tech may help improve them.

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cointelegraph

Chainlink Reaches New LINK Price All-Time High Eyeing $10 Next

The price of Chainlink has climbed to new heights as LINK continues to be one of the strongest cryptocurrency market performers of 2020.

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cointelegraph

Bitcoin Price Hits New All-Time High Against Turkish Lira

As the Turkish lira hits record lows despite foreign reserve selling, Steve Hanke says that only a “gold-backed currency board” can save the economy.

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cointelegraph

Ethereum Medalla Testnet Launch Suffers Block Finality Issue

The Ethereum Medalla Testnet launched, but it is not yet achieving the participation it needs.

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cointelegraph

‘High Probability’ Bitcoin Rises as USD Sinks to 2008 Levels, Says CEO

The U.S. dollar is at risk of falling below the lower end of a 12-year trendline as some analysts argue that this may be a bullish turning point for Bitcoin's price.

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cointelegraph

Bitcoin Will Get Stronger After Crisis, Says US Congressman Emmer

United States Representative Tom Emmer is confident about the bright future of Bitcoin and blockchain technology.

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cointelegraph

The ICO Collapse Taught Projects How to Avoid Reprisals, MEW Founder Says

The collapse of the initial coin offerings provided invaluable lessons on how to avoid a similar fate, MEW’s Kosala Hemachandra says.

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cointelegraph

The Evolution of Blockchain Games: Three Major Stages

There are certain stages that we need to go through before we are able to challenge and potentially replace the existing and proven gaming systems.

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cointelegraph

Bison Trails Beefs Up Legal Compliance Team With Former Goldman Sachs Exec

Bison Trails takes on general counsel to engage with global policymakers on compliance and legal regulation matters.

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cointelegraph

Over 90% of Ether Supply Is Now in 'State of Profit,' Says Glassnode

Glassnode states that over 90% of the Ether token supply was bought at a lower price than that at which it's currently trading.

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cointelegraph

China’s Digital Yuan to Reportedly Target Dominance of Alibaba and Tencent

China’s central bank may be planning to use its digital currency to curb the dominance of Alibaba and Tencent in the digital payments sector.

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cointelegraph

World Gov’ts Eye Blockchain as Dollar’s Power Wanes, Says Ripple CEO

Blockchain is offering global governments a serious alternative to a strained financial system, Ripple CEO Brad Garlinghouse says.

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cointelegraph

Stocks Crash Can Stop $11.3K Bitcoin Price ‘In Its Tracks’ — Report

In its latest weekly report, Glassnode warns that despite strong network fundamentals, Bitcoin remains at risk of a macro-induced plunge.

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cointelegraph

McAfee Says NetWalker Ransomware Generated $25M Over 4 Months

The millionaire profits put NetWalker as one of the most profitable pieces of ransomware during 2020.

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cointelegraph

Judge Orders Trial in France for Alleged BTC Launderer Alexander Vinnik

Alexander Vinnik, the Russian national accused of laundering 300K Bitcoin through crypto exchange BTC-e, may now face trial in France.

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cointelegraph

Number of Active Crypto Traders in Japan Decreased Mid-COVID

A report updated by Japan’s self-regulatory body JVCEA shows the number of active crypto traders in the country decreased in March.

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cointelegraph

Ripple Q2 2020 Report: XRP Sales Increased 19-Fold

The XRP Markets Report shows Ripplenet’s On-Demand Liquidity network experienced 11x growth compared to 2019, while XRP sales surged in Q2.

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cointelegraph

Four-Year Anniversary of Bitfinex Hack, and $12M of Stolen BTC Moved

Hackers transferred roughly $12M from wallets connected to the Bitfinex breach, in which 120,000 Bitcoin was stolen in August 2016.

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cointelegraph

Russian Government Bans Anonymous Wallet Deposits

Lawmakers contend that the Russian government’s intent is to curb illicit financial activity.

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cointelegraph

Deceived Crypto Investors Launched Their Own Scam to Recoup Losses

Investors in China launched a crypto scam after being deceived themselves — and got busted by the police.

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