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Report Shows Crypto Derivatives Volumes Soared 32% to a Record $602 Billion in May

Report Shows Crypto Derivatives Volumes Soared 32% to a Record $602 Billion in MayCryptocurrency derivatives trading volumes climbed 32% in May to a new record high of $602 billion, according to data analytics company Cryptocompare. Total spot volumes grew at a slower pace, rising 5% to $1.27 trillion in May, the London-based firm said in a new report published June 4, 2020. The figures show increasing investor interest […]

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The Mysterious Satoshi Nakamoto Allegedly Leveraged a Russian Proxy for Communications

The Mysterious Satoshi Nakamoto Allegedly Leveraged a Russian Proxy for Communications4,171 days ago in 2009, Satoshi Nakamoto invoked the Bitcoin network after sharing the white paper with people since Halloween 2008. Just recently, it has been discovered that Nakamoto leveraged a Russian proxy to obfuscate his whereabouts and the inventor used the proxy back in January 2009. For quite some time now, armchair sleuths have […]

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Source : Bit Coin News
1 days ago

India’s Crypto Trading Volume Soars Amid Economic Crisis

India's Crypto Trading Volume Soars Amid Economic CrisisDespite the economic crisis, cryptocurrency trading platforms in India are reporting record-breaking volumes and new users. “People in India are betting big on bitcoin,” Paxful’s CEO said. “The Indian market holds great potential and importance for the future of the crypto-economy.” Record-Breaking Growth Across the Indian Crypto Industry Cryptocurrency trading volume has been growing by […]

The post India’s Crypto Trading Volume Soars Amid Economic Crisis appeared first on Bitcoin News.

Source : Bit Coin News
1 days ago

Bitcoin to Rise to $20K This Year Spurred by Government Money Printing and Covid-19: Bloomberg

Bitcoin to Rise to $20K This Year Spurred by Government Money Printing and COVID-19: BloombergBloomberg has forecast bitcoin to reach its record high of $20,000, and possibly $28,000, this year. According to the company’s June Crypto Outlook report, “something has to really go wrong for bitcoin not to appreciate in value.” Bloomberg points to quantitative easing and the coronavirus pandemic as the fuel behind bitcoin’s maturity, particularly when benchmarked […]

The post Bitcoin to Rise to $20K This Year Spurred by Government Money Printing and Covid-19: Bloomberg appeared first on Bitcoin News.

Source : Bit Coin News
1 days ago

A Number of Hong Kong Vending Machines Support Bitcoin Cash Payments Over BTC

A Number of Hong Kong Vending Machines Support Bitcoin Cash Payments Over BTCJust recently, cryptocurrency evangelist Roger Ver shared a video on Twitter that shows a number of vending machines in Hong Kong that accept bitcoin cash and ethereum, but not bitcoin. A bunch of people got upset at the Tweet, including the crypto-pundit Tone Vays because they couldn’t deal with the fact that onchain bitcoin transactions […]

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Source : Bit Coin News
1 days ago

Chinese Government Crackdowns and Cheap Hydropower- Miners Migrate from North to South China

Chinese Government Crackdowns and Cheap Hydropower- Miners Migrate from North to South ChinaChina-based bitcoin miners have started to migrate southbound from North China, according to local reports. The operators are having difficulties and are transitioning mining facilities for cheap hydro-powered electricity. Testimonials also show that 64 mining operations in the prefecture in Yunnan have been threatened by local authorities. Sources say a hydropower station discharge sparked a […]

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Source : Bit Coin News
1 days ago

Eidoo to Burn 80% of Company’s Token Holdings to Kickstart One of the Biggest Daos in Defi

Eidoo to Burn 80% of Company’s Token Holdings to Kickstart One of the Biggest Daos in DefiSwitzerland, 4th June 2020. Swiss-based crypto platform Eidoo is upgrading its native utility token into a governance token that will power a new cross-chain DAO. In a collaborative decision by Eidoo and pTokens, the $EDO token will be upgraded into $PNT later this month so that it can be used, staked and earn interest within […]

The post Eidoo to Burn 80% of Company’s Token Holdings to Kickstart One of the Biggest Daos in Defi appeared first on Bitcoin News.

Source : Bit Coin News
2 days ago

Japanese Finance Minister Shoots Down Plan to Cut Bitcoin Tax to 20%, Cites Crypto-Divide

Japanese Finance Minister Shoots Down Plan to Cut Bitcoin Tax to 20%, Cites Crypto-DivideJapan’s finance minister Taro Aso says he is opposed to reducing tax on bitcoin income to 20%, on par with stock dividends, arguing that most Japanese households find it difficult to invest in digital assets. The development suggests that Japan will uphold its current definition of cryptocurrency as miscellaneous income, whereby virtual currency is taxed […]

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Source : Bit Coin News
2 days ago

Exponential Growth: Bitcoin’s Trading Volume Could Rival Major Asset Classes

Exponential Growth: Bitcoin's Trading Volume Could Rival Major Asset ClassesBitcoin’s trading volume has experienced exponential growth which could reach levels similar to major asset classes, according to a new report by Coin Metrics. The cryptocurrency’s daily volume could exceed that of all U.S. equities in less than four years and all U.S. bonds in less than five years, the analysis shows. Bitcoin’s Volume Growth […]

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Source : Bit Coin News
2 days ago

US Regulators Target Bitcoin ATMs: 88% of the Funds Exit the Country via Machines

Bitcoin automated teller machines (BATMs) will become the next target for regulators, as world governments tighten screws on money laundering. According to Ciphertrace CTO John Jeffries, crypto-cash machines will attract “greater…regulatory focus” in a bid to rein-in alleged cross-border illicit financial transfers. Jeffries urged “the need for more uniform regulatory enforcement and compliance” as governments […]

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