Today at Chaintalk News

July 14, 2020

Intelligent Quantitative Trading System

By Kinsei

cointelegraph

Compound ‘5x Overvalued’ as COMP Farming Accounts for 88% of Its Assets

Researchers claim that the Compound token is at least five-fold overvalued as over 88% of its $1 billion book is lent to liquidity miners.

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Derivatives Trading Platform Synthetix (SNX) Is up Over 5,000% Since 2019

SNX, the native token for derivatives trading platform Synthetix is the best performing DeFi product since April 2019, appreciating more than 5000 percent in value.
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Will Tezos Be the Altcoin to Unseat Ethereum on the Crypto Market?

Ever since its then-record $232 million ICO (initial coin offering) back in 2017, Tezos (XTZ) has earned a justifiable amount of buzz in the crypto world. But does the Swiss-US joint venture have legs? First off, it’s important to understand what makes Tezos stand out among the thousands of cryptocurrencies on the market. XTZ utilizes […]
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The U.S. Army is seeking info on crypto tracing tools for cybercrime investigations

The U.S. Army’s principal investigative division has shown renewed interest in equipping its cybercrime team with cryptocurrency tracing tools, public records show.The post The U.S. Army is seeking info on crypto tracing tools for cybercrime investigations appeared first on The Block.
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Chainlink (LINK) Price Up Nearly 10% after Jumping 40% and Hitting New ATH

Coinspeaker Chainlink (LINK) Price Up Nearly 10% after Jumping 40% and Hitting New ATHAfter adding 39.5%, Chainlink (LINK) is up 9.64% now to trade around $7.38. LINK is currently among the leading altcoins in a presumably early bull run.Chainlink (LINK) Price Up Nearly 10% after Jumping 40% and Hitting New ATH
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Project Ubin: Singapore blockchain payment network sets for commercial application

Authorities in Singapore have informed the successful completion of the long-planned ‘Project Ubin,’ a payment network based on blockchain, the last phase in development. It further mentioned that the now-developed Singapore blockchain payment network would soon be ready for commercial application across different sectors. Singapore blockchain payment network completes its final stage Having completed its […]
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cryptocompare

What’s Driving Tezos (XTZ) Unstoppable Over 25% July Crypto Rally?

It’s almost as if its Christmas in July for Tezos investors, who have watched their favorite altcoin crypto asset rise over 25% in less than 14 days. But what’s driving the seemingly unstoppable rally, and will it sustain? Altcoin Season Leads Crypto Investors To XTZ All across the crypto market, altcoins are soaring, while Bitcoin […]
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cryptocompare

Bitcoin may not be a safe-haven, and that's okay

Over the past decade, Bitcoin's evolution and perception can be best typified by a revolving door. From being conceptualized as a peer-to-peer electronic cash system, Bitcoin is today seen as a store The post Bitcoin may not be a safe-haven, and that's okay appeared first on AMBCrypto.
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cryptocompare

Crypto Fans in Japan Have Increased Their Stashes

People holding cryptocurrency in exchanges based in Japan apparently increased their holdings of bitcoin, Ethereum and Ripple over the past few months. BTC, ETH and XRP are the three largest cryptocurrencies in the industry by market cap. Japan Is Still a Major Crypto Hub The surge in holdings appears to stem from the spread of...The post Crypto Fans in Japan Have Increased Their Stashes appeared first on Live Bitcoin News.
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cointelegraph

Bitcoin Mining Difficulty Hits Record High of 17.3 Trillion

Just two months after May’s Bitcoin halving event, both hash rate and difficulty have shrugged off post halving dips to hit new all-time highs.

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cryptocompare

Bitcoin Mining Difficulty Hits Record High of 17345948872516.06

Just two months after May’s Bitcoin halving event, both hash rate and difficulty have shrugged off post halving dips to hit new all-time highs.
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$3.1 million: Crypto Exchange Cashaa Hacked for 336 BTC

London-based cryptocurrency exchange Cashaa revealed it lost 336 bitcoin, at press time worth $3.1 million, to hackers who managed to access one of its cryptocurrency wallets.
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cryptocompare

Will Tezos Be the Altcoin to Unseat Ethereum on the Crypto Market

Ever since it’s record $232 million ICO (initial coin offering) back in 2017, Tezos (XTZ) has earned a justifiable amount of buzz in the crypto world. But does the Swiss-US joint venture have legs? First off, it’s important to understand what makes Tezos stand out among the thousands of cryptocurrencies on the market. XTZ utilizes a proof-of-stake based consensus model, which, unlike Bitcoin and Ethereum’s proof-of-work models, isn’t dependent on mining for its blockchain protocol. […]
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cryptocompare

Blockchain Bites: It’s Never Been Harder to Mine Bitcoin

Bitcoin's mining difficulty is at a record high, Singapore's CBDC may find commercial use and Chinese companies are going in on Filecoin.
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cryptocompare

Ripple price spikes, will buyers clear $0.25?

The Ripple price is–after days and weeks of consolidation, one of the top performers gauged by last week’s activity. Adding a ballpark 12 percent against both USD and BTC, momentum appears to be shifting. Pumping buyers’ expectations are supportive news released throughout last week. One Pay FX expansion A standout is an announcement by Banco […]
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cointelegraph

DApps Need to Nail Usability to Move From Crypto Niche to Mainstream

Yield farming is driving a boom in DApp and DeFi use, but user experience improvements will be key for future adoption in the next five years.

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cryptocompare

DApps Need to Nail Usability to Move From Crypto Niche to Mainstream

Yield farming is driving a boom in DApp and DeFi use, but user experience improvements will be key for future adoption in the next five years.
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cryptocompare

Polkadot’s Inaugural Vote Could Expand DOT Supply by 1000x

The first vote on Polkadot will be to see whether the DOT supply should be redenominated by a "logical" 100x or even by 1000x.
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cryptocompare

LINK, ADA, XTZ Biggest Gainers Of The Latest Altcoin Rally

Prominent altcoin, Chainlink [LINK] had been in the news all week following a significant increase in its price. Earlier today, the coin hit an all-time high which further fueled the popularity of the coin. Along with this, Cardano [ADA] and Tezos [XTZ] was also seen outperforming several other coins.  Altcoins Steal The Show Bitcoin has been dominating
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cryptocompare

38% of Crypto Exchanges Interact With High-Risk Entities in 25% or More of Their Transactions

Leading cryptoasset data provider CryptoCompare has published an updated version of its cryptocurrency Exchange Benchmark. The report details that 38% of crypto exchanges interact with high-risk entities in 25% or more of their transactions.
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cryptocompare

Chainlink (LINK) Becomes the ‘Tesla’ of Cryptocurrency — What’s Next?

Chainlink overshot the previous bullish target hitting a new all-time high of $8.40, but how much higher can LINK price really go?
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cointelegraph

Chainlink (LINK) Becomes the ‘Tesla’ of Cryptocurrency — What’s Next?

Chainlink overshot the previous bullish target hitting a new all-time high of $8.40, but how much higher can LINK price really go?

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cryptocompare

[SPONSORED] Save Money with LukkaTax This Tax Season

It’s free to calculate your crypto taxes with LukkaTax. The IRS is asking about your crypto. Will you be answering “YES” to the very first question on Schedule 1 of IRS Form 1040: “At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?” If […]The post Save Money with LukkaTax This Tax Season appeared first on The Block.
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cryptocompare

Polkadot to Run Final DOT Redenomination Vote with Real DOT Tokens

Major blockchain project Polkadot to define the final denomination of its native DOT token with real DOTs.
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cointelegraph

Polkadot to Run Final DOT Redenomination Vote with Real DOT Tokens

Major blockchain project Polkadot to define the final denomination of its native DOT token with real DOTs.

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cryptocompare

Robinhood raises an additional $320 million in funding at $8.6 billion valuation: report

Robinhood, the popular stock and options brokerage, has lined up additional cash after the close of a Series F funding round in May, according to Fortune.The post Robinhood raises an additional $320 million in funding at $8.6 billion valuation: report appeared first on The Block.
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cryptocompare

Google Plans to Invest $10 Billion in India Supporting Transition to Digital Economy

Coinspeaker Google Plans to Invest $10 Billion in India Supporting Transition to Digital EconomyGoogle has launched an India Digitization Fund and is going to invest $10 billion through partnerships and infrastructural efforts.Google Plans to Invest $10 Billion in India Supporting Transition to Digital Economy
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cointelegraph

Brexit as Crypto Case Study? Britain Contemplates Its CBDC

The governor of the Bank of England acknowledged that the U.K. is considering the issuance of a CBDC.

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cryptocompare

Brexit As Crypto Case Study? Britain Contemplates Its CBDC

The governor of the Bank of England acknowledged that the U.K. is considering the issuance of a CBDC.
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cryptocompare

'Cancel Cardano'? 'You can't cancel Bitcoin'... Cancel culture rears its head in crypto-community

Cancel Culture - A term that has been doing the rounds lately after the open letter by Harper's, one signed by the likes of Noam Chomsky, Margaret Atwood, Salman Rushdie, and J.K Rowling went viral. AThe post 'Cancel Cardano'? 'You can't cancel Bitcoin'... Cancel culture rears its head in crypto-community appeared first on AMBCrypto.
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cryptocompare

This Overhead Liquidity Region Could Propel Bitcoin Past $12,000

Bitcoin’s unrelenting consolidation phase may not last for too much longer. Analysts are now explaining that the cryptocurrency is beginning to flash some subtle signs of bullishness as it trades around $9,300, with these factors potentially helping to boost it higher in the days and weeks ahead. While looking towards BTC’s weekly market structure, analysts […]
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cryptocompare

Coinbase CEO explains why they sell your crypto data to the IRS

Coinbase was in the crosshairs over the weekend after SEC filings revealed the business sold users’ transactional information to regulators. The post Coinbase CEO explains why they sell your crypto data to the IRS appeared first on CryptoSlate.
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Bitcoin News Roundup for July 13, 2020

With BTC mining difficulty reaching a new record high, CoinDesk's Markets Daily is back with your bitcoin news roundup!
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Crypto exchange Cashaa loses $3.1 million worth bitcoins to hackers.

The London-based cryptocurrency exchange Cashaa says it has lost 336 bitcoin to hackers. The crypto exchange has now ceased all crypto-related transactions, including withdrawals and deposits, as investigations into the breach get underway. In a tweet, crypto exchange Cashaa claimed that the hacker attacked one of its Blockchain.com wallets, which is used to store bitcoins and […]
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cryptocompare

Disney Stock Up 0.30%, Goldman Sachs Gives DIS Buy Rating and Predicts Full Parks Recovery

Coinspeaker Disney Stock Up 0.30%, Goldman Sachs Gives DIS Buy Rating and Predicts Full Parks RecoveryWith the questionable plan to reopen Disney World amidst coronavirus scare, Goldman Sachs has given DIS a bullish stock call.Disney Stock Up 0.30%, Goldman Sachs Gives DIS Buy Rating and Predicts Full Parks Recovery
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cryptocompare

Bitcoin Mining Difficulty Surges to a New All-Time High: BTC Price Still Stuck In Place

Bitcoin went through a 10% difficulty adjustment, reaching a new all-time high. With hash rate also at its highest point, the question remains if BTC is primed for a bull run.The post Bitcoin Mining Difficulty Surges to a New All-Time High: BTC Price Still Stuck In Place appeared first on CryptoPotato.
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cryptocompare

Japanese crypto industry thrives despite digital shift lag

Does the Japanese crypto industry thrive? During the Covid-19 pandemic, financial specialists overall gathered cryptographic forms of money. The US and China have taken the primary stage. Other nations like Japan are now building up their own CBDCs and trying different things with various types of transformation for the Japanese crypto industry. The Bank of […]
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cryptocompare

Bitcoin’s mining difficulty hits a new all-time high

The bitcoin mining difficulty jumped 9.89% on Monday, pushing the total rate to above 17 trillion for the first time.The post Bitcoin’s mining difficulty hits a new all-time high appeared first on The Block.
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cryptocompare

Weekly Cryptocurrency Recap: Ethereum Outpaces Bitcoin in Terms of ROI

Coinspeaker Weekly Cryptocurrency Recap: Ethereum Outpaces Bitcoin in Terms of ROIBitcoin enjoyed a bullish price action over the course of the past seven days providing investors a weekly return of 2.52%.Weekly Cryptocurrency Recap: Ethereum Outpaces Bitcoin in Terms of ROI
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cryptocompare

JP Morgan’s Singapore blockchain payment network ready for roll-out

Five years in the making, JP Morgan and Temasek’s Project Ubin multi-currency network is ready for its commercialized rollout.
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cointelegraph

SEC and CFTC Fine Crypto Investment App for Offering Synthetic Assets

U.S. regulators team up to fine and halt a crypto portfolio app offering synthetic exposure to traditional assets, which was not offered to U.S. investors.

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cryptocompare

SEC and CFTC Fine Crypto Investment App for Offering Synthetic Assets

U.S. regulators team up to fine and halt a crypto portfolio app offering synthetic exposure to traditional assets, which was not offered to U.S. investors.
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cointelegraph

STO: What’s Happened With the So-Called ‘Next Big Thing in Fintech?’

In early 2018, dozens of experts called the STO the next big thing in fintech. However, in 2020, there still was no big break for STOs. What are the reasons?

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cryptocompare

STO: What’s Happened With the So-Called ‘Next Big Thing in Fintech?’

In early 2018, dozens of experts called the STO the next big thing in fintech. However, in 2020, there still was no big break for STOs. What are the reasons?
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cryptocompare

Elrond (ERD): This Binance Launchpad IEO Is Up Over 1580% in 3 Months, Enters Top 50

On Monday (July 13), blockchain platform Elrond (ERD), which sold 25% of its total token supply last summer via an initial exchange offering (IEO) on Binance Launchpad, has been one of the best performing cryptoassets over the past three months.
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cryptocompare

Despite Cardano’s Parabolic Surge, Messari Founder Says It Still Has More Room To Grow

Cardano’s native token, ADA, has been on a roll in recent weeks, rallying amidst a slew of positive news. This surge has allowed the token to set new yearly highs and climb higher on the crypto rankings. To put things into perspective, ADA is up circa 600% from its March lows, and 40% over the […]
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cryptocompare

Covid-19 Forces Indians to Embrace Digital Payments but Country Still Lacks Crypto Regulation

The global pandemic Covid-19 is forcing Indians to resort to digital payment platforms when settling bills as well as paying for groceries. Before the Covid-19 outbreak, Indian citizens largely ignored a 2016 government decree that attempted to achieve the same, reports The Economic Times of India. The news site reports that the value of transactions […]The post Covid-19 Forces Indians to Embrace Digital Payments but Country Still Lacks Crypto Regulation appeared first on Bitcoin News.
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Brian Armstrong Explains Why Coinbase Is Selling Crypto Analytics Software to US Government

Coinbase founder and CEO Brian Armstrong says he wants to clear the air on why his company is selling blockchain analytics software to the US government. In a series of tweets, Armstrong says the leading crypto exchange needs to recoup software development costs, and he believes working with law enforcement strengthens cryptocurrency adoption as a […]The post Brian Armstrong Explains Why Coinbase Is Selling Crypto Analytics Software to US Government appeared first on The Daily Hodl.
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cryptocompare

Project Ubin, Singapore’ Blockchain Payment Platform, Ready for Commercial Launched

Coinspeaker Project Ubin, Singapore’ Blockchain Payment Platform, Ready for Commercial LaunchedThe Monetary Authority of Singapore stated that the Ubin project can be integrated with similar blockchain platforms enabling end-to-end digitization.Project Ubin, Singapore’ Blockchain Payment Platform, Ready for Commercial Launched
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cryptocompare

World Bank Investigates Smart Contracts as Financial Tools, With Mixed Results

The World Bank has looked at the benefits of smart contracts and found the blockchain instruments to be a "limited" financial tool.
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cryptocompare

SEC, CFTC Hit Crypto App Abra With $300K in Penalties Over Illegal Swaps

The financial regulators both found fault with Abra offering security-based swaps without first checking to see whether investors were eligble.
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cryptocompare

Bitcoin will rise first in inflation-hit countries

In the global cryptocurrency world, the price of Bitcoin is always measured in dollars. As things stand, Bitcoin is trading at $9,200, and it has been trading around this price range for the better paThe post Bitcoin will rise first in inflation-hit countries appeared first on AMBCrypto.
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cryptocompare

Stock Market Sell Trigger Could Drag Bitcoin Down Later This Month

Bitcoin continues to trade sideways, but also has been unable to shake an ongoing correlation with the stock market. If the cryptocurrency doesn’t break out soon and break free from the shackles of the S&P 500, it could drag Bitcoin down at the end of the month. Is Bitcoin Waiting For The Stock Market To Break Down? For nearly two months straight now, Bitcoin price has been locked in a tight trading range. Volatility has […]
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cryptocompare

Dogecoin Is 'Not a Joke,' Says OKEx CEO Jay Hao

Hao pointed out that DOGE enjoys healthy development, longevity and features that cannot be found in many old-time cryptos.
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cointelegraph

Dogecoin Is 'Not a Joke,' Says OKEx CEO Jay Hao

Hao pointed out that DOGE enjoys healthy development, longevity and features that cannot be found in many old-time cryptos.

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cryptocompare

The State of Institutional Custody 2020

Quick TakeA total of 28 companies provide custody services for digital assets to institutional clientsTo date, $1.6 billion has been allocated to firms that provide institutional-focused custody services 22 out of the 28 companies identified — or approximately 79% — were formed in 2017 or later Increased competition in the custody sector has led to firms offering new services to differentiate themselves, with many attempting to build a crypto ‘prime brokerage’. This is Part IV in The Block Research’s Institutional Market Infrastructure Collection – a series of complementary installments which define and analyze the landscape of infrastructure providers supporting institutions in the digital assets market today.
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cryptocompare

VeChain Surges to 2018 Levels, But These Metrics Hint the Run-Up Isn’t Over Yet

VeChain has been on a tear over the last couple of weeks. Since the beginning of the month, VET entered a bull run that has seen its price appreciate more than 149%. The blockchain-based supply chain management token went from trading at a low of $0.0088 to hit a new yearly high of $0.022. This […]
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cryptocompare

Gaming titan Ubisoft inks deal with blockchain RPG Nine Chronicles

Fresh off of releasing its own first crypto game, juggernaut publisher Ubisoft throws its weight behind an upcoming RPG.
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Matic Network Gives a Glimpse Into How Big DeFi Staking Will Be

Crypto staking on the Matic mainnet went live just over two weeks ago. On launch, Matic co-founder and CEO, Sandeep Nailwa took to Twitter to boast of the incredible 150% annual yield available for early adopters. In few hours @maticnetwork community has staked around 6.68% of circulating supply of Matic. The current annual yield stands […]
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cointelegraph

Bitcoin Hash Ribbon Signal Confirms ‘Great Bull Run,’ Says Analyst

The Hash Ribbon indicator has just gone off indicating the start of a “great bull run” for Bitcoin price, according to one market analyst.

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cointelegraph

Brazil’s Top Exchange Mercado Bitcoin Lists Sport Token Chiliz

Chiliz is entering one of the world’s best football countries by listing CHZ token on the largest crypto exchange in Brazil.

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cointelegraph

Stocks, Greed and Exuberance: 5 Things to Watch in Bitcoin This Week

Bitcoin price remains stable above $9,000 as data increasingly points to irrationally optimistic behavior on correlated stock markets.

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cointelegraph

Telefónica, Deutsche Telekom and Vodafone Use Blockchain for Roaming Settlement

Spain’s Telefónica, Deutsche Telekom and U.K. provider Vodafone have finalized a trial blockchain solution for the settlement of roaming discount agreements.

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cointelegraph

Singapore's Blockchain Payments Platform Ready for Commercial Launch

The Monetary Authority of Singapore is ready to deploy its multi-currency blockchain payments project for commercial use.

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cointelegraph

Messari CEO: Cardano Has ‘Plenty of Room for Growth’

Messari co-founder Ryan Selkis says Cardano’s recent price surge is proof that staking isn’t dead preparing for the upgrade to Shelley.

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cointelegraph

Japanese Residents Have Cash to Spare, but Is It Going Into Crypto?

The Bank of Japan reported the supply of money stock in circulation increased 6% in June following the receipt of economic relief payments.

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cointelegraph

Chainlink (LINK) Surges 39.5% to a New All-Time High — Here’s Why

Surging volume, price discovery, and new partnerships pushed Chainlink price to a new all-time high at $8.48.

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cointelegraph

G20 Lays Regulatory Groundwork for Accepting Digital Payments

G20 officials announced on July 11 that they would begin laying the regulatory groundwork for the group to accept digital payments.

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cointelegraph

Cardano Warns of Youtube Scams Promoting Fake ADA Giveaways

Cardano founder warns against Youtube scams promoting a fake ADA giveaway.

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cointelegraph

Dogecoin Surges, Coinbase Rumors, Brave Legal Threats: Hodler’s Digest, July 6–12

Bitcoin has practically turned into a stablecoin, Dogecoin has experienced a huge resurgence in popularity, and Coinbase might be preparing to list on the stock market.

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cointelegraph

Coinbase CEO Defends Licensing of Analytics Platform to Gov’t Agencies

Coinbase CEO says analytics platform is important to comply with AML rules and that only privacy coins can offer true privacy.

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cointelegraph

We May Expect a Bitcoin Rally If Coronavirus Breaks Into a Second Wave

Understanding the impact of the COVID-19 pandemic on cryptocurrency and blockchain-based asset markets: negligible or significant?

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cointelegraph

Top 5 Cryptocurrencies to Watch This Week: BTC, LINK, ATOM, XLM, BNB

The rally in altcoins is likely to continue if Bitcoin holds at its current levels but a breakdown below $9,000 could lead to aggressive profit booking by altcoin traders.

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cointelegraph

Shipping Giants Piloting Blockchain to Improve Efficiency

The Port of Rotterdam, along with global shipping giants, launches blockchain pilot to improve container handling’s safety and efficiency.

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cointelegraph

Unitize Roundup: Top 10 Quotes From the Virtual Blockchain Conference

Vitalik Buterin, Heath Tarbert, Brock Pierce and many more — here are 10 memorable quotes to take away from five days of the Unitize virtual blockchain conference.

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cointelegraph

Blockchain Platform Targets Change in Agriculture & Fishing Industries

The Release project says its blockchain-powered platform can solve logistical challenges for the agriculture and fishing industries.

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cointelegraph

Crypto Winter Could Really Be Over as New Bitcoin Starts to Bloom

Although the cryptocurrency industry still has many needed improvements, it nevertheless seems to be on an upward trajectory.

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cointelegraph

Nigerian Scammers Used BTC & Gemini Exchange to Siphon Millions

Nigerian scammers converted millions of dollars into Bitcoin via Gemini exchange according to an FBI criminal complaint.

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cointelegraph

How the US and Europe Are Regulating Crypto in 2020

Crypto regulation in 2020: The U.S. tightens regulation of crypto, while India has finally allowed banks to get involved with firms.

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cointelegraph

US Secret Service Creates Finance-Related Cybercrime Task Force

The Cyber Fraud Task Force created by the U.S. Secret Service aims to combat the growing trend of cybercrimes related to financial matters.

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