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Putin Outlaws Crypto as a Payment Means in Russia

Source Node: https://cryptopotato.com/putin-outlaws-crypto-as-a-payment-means-in-russia/
Time Stamp: August 1, 2020 7:10 AM - Modified On: May 21, 2021 - Published By:
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President Vladimir Putin of Russia has signed a new law that will prohibit the use of cryptocurrency as a payment means in the country by 2021. Meanwhile, the Russian government recently deployed blockchain technology for its constitutional amendment.Crypto as Payment to Become Illegal in 2021According to a report by local news outlet RIA on Friday (July 31, 2020), the bill signed by President Putin will prevent citizens from using crypto to pay for goods and services in Russia. The bill will, however, enable transactions via digital financial assets (DFA).Also, government

Bitcoin Joins the Alt-Season Breaking $10k: The Crypto Weekly Market Update

Source Node: https://cryptopotato.com/bitcoin-joins-the-alt-season-breaking-10k-the-crypto-weekly-market-update/
Time Stamp: August 1, 2020 7:09 AM - Modified On: May 21, 2021 - Published By:
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This week was nothing short of exciting in the cryptocurrency markets. Bitcoin definitely woke up from its slumber and made a few aggressive moves upwards. Altcoins felt the pain as most of them decreased in value as the king of crypto took its toll.In seven short days, Bitcoin went from around $9,600 to $11,400, charting gains upwards of just shy of 20%. Earlier on Monday, the cryptocurrency catalyzed its performance, jumping from $9,800 to $11,200. After that, it consolidated for a few days, and just today, it painted fresh 2020

Will Video Game Crypto Be the Catalyst for Adoption?

Source Node: https://beincrypto.com/will-video-game-crypto-be-the-catalyst-for-adoption/
Time Stamp: August 1, 2020 6:59 AM - Modified On: May 21, 2021 - Published By:
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-More than one-third of humanity will play video games by the end of 2021. -A number of platforms provide blockchain opportunities not found in traditional gaming. -After several years of failures, blockchain adoption may finally be here. The video game industry may be the natural catalyst to bring blockchain technology into the mainstream. Most experiments have failed so far, but is that about to change? After years of trial and error with Bitcoin, some video game platforms are finding a way to exploit distributed ledger technology. Is humanity witnessing the

DeFi Market Cap Surpasses $8 Billion

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Time Stamp: August 1, 2020 6:01 AM - Modified On: May 21, 2021 - Published By:
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DeFi is all the rage as the booming crypto landscape’s total market cap surpassed $8 billion today, per data from CoinGecko. DeFi Continues to Grow Exponentially The DeFi market cap continues to increase as more money gets poured into the nascent space. According to the latest data from CoinGecko, the total market capitalization of the top 100 DeFi coins is now over $8 billion. That said, the figure should be taken with a pinch of salt as different websites have different metrics to determine the DeFi market cap. For instance,

Ethereum Rallies Continue as It Faces another Hurdle at $360

Source Node: https://coinidol.com/ethereum-faces-hurdle/
Time Stamp: August 1, 2020 5:42 AM - Modified On: May 21, 2021 - Published By:
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Aug 01, 2020 at 09:42 // News Ethereum has continued its bullish run as buyers were able to push ETH above the previous resistance at $340. They were initially stopped at the $340 resistance as the market dropped to $330 low. There was a quick recovery as price broke the resistance and push to the previous highs. Today, ETH has broken above $340 and it is approaching the high of $360 at the time of writing. The upside rise will face minor resistance but it will propel price for a

Dogecoin (DOGE) is now being used by crypto hackers after TikTok boom

Source Node: https://cryptoslate.com/dogecoin-doge-is-now-being-used-by-crypto-hackers-after-tiktok-boom/
Time Stamp: August 1, 2020 5:00 AM - Modified On: May 21, 2021 - Published By:
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Dogecoin’s usecases have seemingly evolved over time. The meme coin was initially created as a joke in 2014, turned into one of the hottest cryptocurrencies in 2015, became Elon Musk’s favorite in 2018, and was part of a TikTok challenge in 2020.But things have taken a darker turn for the currency; hackers are now utilizing the token to control crypto mining botnets, security firm Intezer Labs said in a report this week.Such DOGE, much hackIntezer Labs, a New York-based malware analysis and detection firm, found out hackers using the infamous

3 Reasons Why Bitcoin Transactions Are Slow

Source Node: https://coinidol.com/bitcoin-transactions-slow/
Time Stamp: August 1, 2020 4:27 AM - Modified On: May 21, 2021 - Published By:
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Aug 01, 2020 at 08:27 // News Despite Bitcoin offering unprecedented decentralization and security, its network has one significant flow, namely, the transaction speed. A single transaction processing can take up to 10 minutes. But why is this happening? To understand why bitcoin transactions sometimes take so much time to confirm, it is essential to first understand how they are verified. Delving into the essence Once a transaction is created, a transaction message is sent to the Bitcoin blockchain and passed around all the nodes available on the network. This

Bitcoin and Ethereum Whales Move $231,000,000 in Crypto As Ripple Shifts 37,000,000 XRP From Genesis Wallet

Source Node: https://dailyhodl.com/2020/08/01/bitcoin-and-ethereum-whales-move-231000000-in-crypto-as-ripple-shifts-37000000-xrp-from-genesis-wallet/
Time Stamp: August 1, 2020 3:04 AM - Modified On: May 21, 2021 - Published By:
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ADVERTISEMENT Crypto whales are surfacing in big numbers, moving hundreds of millions of dollars in Bitcoin and Ethereum while BTC hovers around the $11,400 mark. In the last 24 hours, the crypto whale watching bot Whale Alert tracked 11 large transactions to the tune of 15,006 BTC, worth about $231.63 million at time of writing. Three transfers sent 4,600 BTC worth $51.65 million from crypto exchanges to wallets of unknown origins, suggesting that the owners may be accumulating the top cryptocurrency. Two transfers moved 2,300 BTC worth $25.7 million from

Bitcoin Just Broke Past $11,500—and That’s Huge For Bulls

Source Node: https://www.newsbtc.com/2020/08/01/432966/?utm_source=rss&utm_medium=rss&utm_campaign=432966
Time Stamp: August 1, 2020 3:02 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin is ripping higher once again. In the past few hours, the leading cryptocurrency has begun to test the year-to-date highs at $11,500. And just minutes ago, BTC reached a local high of $11,700 after an influx of buying pressure. It is unclear if this rally is sustainable yet: Bitcoin has yet to close above $11,500 on any longer-term time frames like the 4-hour, 12-hour, or one-day charts. Chart of BTC's price action over the past 10 days from TradingView.com Analysts say that Bitcoin breaking past $11,500 increases the potential

Bitcoin Price Increases to $11,400, Traders Expecting Rally to $12,000

Source Node: https://www.cryptoknowmics.com/news/bitcoin-price-increases-to-11400-traders-expecting-rally-to-12000
Time Stamp: August 1, 2020 2:31 AM - Modified On: May 21, 2021 - Published By:
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Rate this post Traders across the world have been giving several bullish predictions regarding Bitcoin price for quite some time now. The price has just touched the $11,400 level and the traders are expecting it to reach $12,000 mark.  However, the price shortly dropped down to $11,250 level but in the current scenario, price is expected to increase. Kelvin Koh of the Spartan Group has said that when the price reaches $11,400, there are high chances of a rally to $12,000. Will Woo revealed new Bitcoin price model Willy Woo, a

There’s More To Bitcoin’s Rally Than Just Inflation Fears

Source Node: https://medium.com/the-capital/theres-more-to-bitcoin-s-rally-than-just-inflation-fears-418c7b168753?source=rss-------8-----------------cryptocurrency
Time Stamp: August 1, 2020 12:15 AM - Modified On: May 21, 2021 - Published By:
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While some analysts are pointing to inflation fears to explain bitcoin’s recent rally, there are so many other factors at play that affect the cryptocurrency’s rise.Neil Johnston was a creature of habit, and it was one of the things which his wife of twenty-four years Dorothy, both loved and loathed about him. While Dorothy appreciated Neil’s dependability, she was wondering if things were getting a little stale.So naturally Dorothy grew a little worried when Neil, who would walk through the door almost like clockwork at 7 pm every evening for

Crypto Tidbits: Bitcoin Explodes Past $11k, Ethereum 2.0 Nears, Cardano’s Shelley Launches

Source Node: https://www.newsbtc.com/2020/08/01/crypto-tidbits-bitcoin-11k-ethereum-2-cardano-shelley/?utm_source=rss&utm_medium=rss&utm_campaign=crypto-tidbits-bitcoin-11k-ethereum-2-cardano-shelley
Time Stamp: August 1, 2020 12:00 AM - Modified On: May 21, 2021 - Published By:
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Another week, another round of Crypto Tidbits. It’s been an explosive week for the Bitcoin and crypto market, to say the very least. Bitcoin surged from under $10,000 to as high as $11,500 this week. Over the past seven days, the asset has gained approximately 20% — the best weekly performance in many months. Chart of BTC's price action over the past two weeks from TradingView.com Bitcoin’s recent price action comes as a breath of fresh air for crypto traders, which had to deal with BTC flatlining in the $9,000s for