Market prices are down slightly as we enter mid-week trading but Bitcoin remains within the $7,000 range. The biggest loser is Seele, which is down nearly 18 percent in a 24-hour period. - Bitcoin: $7,291 (⬇️ 0.91%) // $133.5 billion market cap.
- Ethereum: $169 (⬇️ 2.02%) // $18.7 billion market cap.
- XRP: $0.199 (⬇️ 0.67%) // $8.7 billion market cap.
- Tether: $1.00 (⬆️ 0.04%) // $6.3 billion market cap.
- Top 100 Winner: Seele: $0.065 (⬆️ 17.87%) // $45 million market cap.
- Top 100 Loser: Bytecoin: $0.0002 (⬇️ 9.95%) // $42 million market cap.
Prices are as of 2:30 p.m. ET. | |
Survey: Half of Bitcoin holders are bullish for the coin's price in the next three months. In its State of Crypto Mining 2020 report, the company interviewed 750 Bitcoin holders and found that over the next one to three months, 31.8 percent believe that the price of Bitcoin will decrease following the coin's block halving. This is compared to 50.2 percent who think it will rise in the short-term. A further 13.7 percent don't think there will be any significant change. When asked again, taking into account a longer time frame - four to six months - the results were largely the same: 51.1 percent expect a price rise, 28.8 percent think Bitcoin's value will decrease, and 14.2 percent don't think any change will happen. GENESIS MINING | |
Crypto offers a novel approach to bring privacy to our personal financial information. That's according to a post written by Brian Armstrong, co-founder and CEO at crypto exchange Coinbase. Armstrong is of the opinion that cryptocurrencies hold the answer to bringing privacy to our personal financial information... Read this story, plus all of our essential Inside Crypto content, five days a week, by subscribing to Premium! It's just $10 per month, or $100 for the entire year. UPGRADE TO INSIDE CRYPTO PREMIUM | | | |
Hacker steals $250,000 on crypto exchange Bisq. Yesterday, the platform alerted users to a "critical security vulnerability," adding that it had temporarily disabled trading. In an update posted on its website today, Bisq said that a hacker was able to exploit a flaw in the Bisq trade protocol, targeting individual trades in order to steal trading capital. As a result, the thief was able to steal three Bitcoin and 4,000 Monero from seven victims. Bisq clarified, however, that that exploit was the result of the flaw in the way trades are carried out and not in the way funds are stored as Bisq is a peer-to-peer platform. The platform said that a flaw in the trade protocol has been corrected and Bisq v1.3.0 has been released. Bisq said that it aims to repay the seven victims from future trading revenues. BISQ | |
Bitcoin Cash completes its first halving. The fifth-biggest crypto asset by market capitalization underwent its first halving, which took place at block number 630,000. The event took place yesterday and sees the number of new coins rewarded to miners reduce to 6.25 from 12.5 BCH. The next reward drop is not expected until some time in April 2024. At the time of publishing, the price of Bitcoin Cash has seen a slight uptick in value to $266, rising 3.20 percent in 24 hours. Bitcoin is expected to undergo its next halving next month and will see its reward drop by the same amount as Bitcoin Cash. BITCOIN CASH BLOCK HALF | |
BUX Crypto is now available across 25 European countries. The Dutch platform announced the launch of BUX Crypto on its website today. It went on to say that the product enables users to trade crypto easily and commission-free. It will initially be offering a selection of six crypto assets, including Bitcoin, Ether, XRP... | |
A court judgment has found that users of the Cryptopia exchange are entitled to their funds. In a 74-page court document, Justice Gendall J at the High Court in Christchurch, New Zealand, classified crypto as property, meaning that Cryptopia users can access their funds from the liquidated platform... | |
Chicago-based crypto trading platforms have launched the Chicago DeFi Alliance (CDA) to connect with startups in the decentralized finance space. The aim of it is to provide entrepreneurs and startups with "real world" trading feedback to help them attract liquidity... | |
Tim Draper thinks COVID-19 could push people to Bitcoin. The Bitcoin bull thinks governments printing more money to prevent a recession amid COVID-19 will end up becoming worthless... | |
Jack Dorsey is donating 28 percent of his wealth to global COVID-19 relief. The Twitter CEO and Square founder has created a new fund called the Start Small LLC, which is aimed at tackling the coronavirus pandemic... | |
Venture capitalist Chamath Palihapitiya thinks Bitcoin will either reach "millions" or hit "zero" amid the coronavirus pandemic. The former Facebook executive was making his comments during a recent interview with Anthony Pompliano, partner at Morgan Creek Digital, during his Pomp Podcast. According to Palihapitiya, Bitcoin will succeed in the current climate if the traditional financial market continues to debase the monetary system. He noted that Bitcoin will be seen as a safe area, adding that the existing financial system is "driving towards a cliff." However, he did concede that Bitcoin is too speculative for it to replace fiat right now as a dominant means of exchange. POMP PODCAST/YOUTUBE | |
| | This newsletter was written and curated by Rebecca Campbell. She has been writing and reporting on various industries for the past 10 years, more specifically tech in the last three. Connect with her on Twitter. | | Editor | Beth Duckett is a former news and investigative reporter for The Arizona Republic who has written for USA Today and other publications. You can follow her tweets here. | |