Bitcoin Surges To 2020 High; Augur’s New Peer-To-Peer Gambling

Bitcoin Surges To 2020 High; Augur’s New Peer-To-Peer Gambling

Get Forbes’ top crypto and blockchain stories delivered to your inbox every week for the latest news on bitcoin, other major cryptocurrencies and enterprise blockchain adoption. (Photo Illustration by Yu Chun Christopher Wong/S3studio/Getty Images) Getty Images CRYPTO MARKETS Bitcoin soared 20% last weekend from Friday morning through Monday, passing $11,000 to reach its highest point since August … Bitcoin passed $11,000 to reach its highest point since August 2019. Cryptocurrencies latest news and history organized by date that contains 1000000+ news archives. Click here to read what world was saying about cryptocurrencies.

Get Forbes’ top crypto and blockchain stories delivered to your inbox every week for the latest news on bitcoin, other major cryptocurrencies and enterprise blockchain adoption.

Cryptocurrency 2018

(Photo Illustration by Yu Chun Christopher Wong/S3studio/Getty Images)

Bitcoin soared 20% last weekend from Friday morning through Monday, passing $11,000 to reach its highest point since August 2019. The “HODL wave,” the amount of bitcoin unmoved on the blockchain in the previous year, is at an all-time high of 63%, passing its previous high in early 2019 prior to a bull run from $4,000 to $14,000. Bitcoin’s rally remained below a significant multi-year resistance level of $11,500.

When bitcoin is strong, altcoins typically underperform, though other major cryptocurrencies like ether, XRP and litecoin caught up late in the week to match or exceed bitcoin’s gains. But bitcoin’s “real” market dominance, as measured only against other cryptocurrencies that are attempting to be money, is still almost 80%.

crypto bitcoin price chart

Source: Messari. Prices as of 4:00 p.m. on July 31, 2020.

A new survey indicates that 15% of Americans own some form of cryptocurrency, and more than half of them bought it for the first time in 2020, and bitcoin’s binge has bulls salivating over where the price can go from here. Former hedge fund billionaire-turned crypto investor Michael Novogratz expects bitcoin to hit $20,000 by the end of the year, fueled by the expectation of more stimulus packages and an influx of retail investors. 

Crypto podcaster Brian Krogsgard shares a rosy outlook, anticipating that bitcoin will challenge its prior record highs in 2021. The options market isn’t as ambitious, signaling only a 7% chance bitcoin will reach its all-time highs before the end 2020.

Ethereum gambling startup Augur released Version 2 of its platform this week, a significant update that is integrated with a number of distributed applications that don’t rely on third parties, allowing free peer-to-peer bets for the first time, and includes a scam filter which hides likely fraudulent markets.

26-year-old cofounder Joey Krug placed his first bet on horses on an offshore book when he was 12 years old and founded a bitcoin club during his brief enrollment at Pomona College. His company Augur has long been a pioneer in blockchain, raising Ethereum’s first ICO five years ago.

San Francisco-based digital investment platform Uphold is now offering what it calls a “better form of gold”: Universal Gold. Backed by the government of Western Australia, the new product allows users to buy physical gold, which they can then spend pieces of using their Uphold credit card through the Universal Gold token or take physical delivery.

Jose Arrieta, the chief information officer for the U.S. Department of Health and Human Services, confirmed that his agency is using blockchain to track Covid-19 hospitalization data. Since HHS took over data collection from the CDC, Arrieta says, “every day, every data element we receive is hashed with a time-stamped record of the parsing and curation and sharing of that data element.”

The Office of the Comptroller of the Currency’s letter last week explicitly permitting banks to offer services to crypto-oriented businesses was a big step forward for the industry, but there is still plenty of ambiguity. The producer of the new docuseries “Open Source Money” says widespread regulatory uncertainty is the single biggest challenge facing blockchain entrepreneurs.

The U.S. doesn’t currently have a consistent, enforceable blockchain policy. More clarity around data integrity, data mobility and consumer education would help entrepreneurs plan their next moves and make the space more understandable for individuals and institutions.

Ethereum Is the Best-Performing Asset Class of 2020 [Cointelegraph]

China-Backed Crypto Guru Wants to Unify World’s Blockchains [Bloomberg]

Recent Bitcoin Rally Pushes ‘Addresses in Profit’ to 93% [CoinDesk]

Source: otcpm24.com

Author: News Bureau


Bitcoin Surges To 2020 High; Augur’s New Peer-To-Peer Gambling

Bitcoin Surges To 2020 High; Augur’s New Peer-To-Peer Gambling

Get Forbes’ top crypto and blockchain stories delivered to your inbox every week for the latest news on bitcoin, other major cryptocurrencies and enterprise blockchain adoption.

(Photo Illustration by Yu Chun Christopher Wong/S3studio/Getty Images)

Bitcoin soared 20% last weekend from Friday morning through Monday, passing $11,000 to reach its highest point since August 2019. The “HODL wave,” the amount of bitcoin unmoved on the blockchain in the previous year, is at an all-time high of 63%, passing its previous high in early 2019 prior to a bull run from $4,000 to $14,000. Bitcoin’s rally remained below a significant multi-year resistance level of $11,500.

When bitcoin is strong, altcoins typically underperform, though other major cryptocurrencies like ether, XRP and litecoin caught up late in the week to match or exceed bitcoin’s gains. But bitcoin’s “real” market dominance, as measured only against other cryptocurrencies that are attempting to be money, is still almost 80%.

Source: Messari. Prices as of 4:00 p.m. on July 31, 2020.

A new survey indicates that 15% of Americans own some form of cryptocurrency, and more than half of them bought it for the first time in 2020, and bitcoin’s binge has bulls salivating over where the price can go from here. Former hedge fund billionaire-turned crypto investor Michael Novogratz expects bitcoin to hit $20,000 by the end of the year, fueled by the expectation of more stimulus packages and an influx of retail investors. 

Crypto podcaster Brian Krogsgard shares a rosy outlook, anticipating that bitcoin will challenge its prior record highs in 2021. The options market isn’t as ambitious, signaling only a 7% chance bitcoin will reach its all-time highs before the end 2020.

Ethereum gambling startup Augur released Version 2 of its platform this week, a significant update that is integrated with a number of distributed applications that don’t rely on third parties, allowing free peer-to-peer bets for the first time, and includes a scam filter which hides likely fraudulent markets.

26-year-old cofounder Joey Krug placed his first bet on horses on an offshore book when he was 12 years old and founded a bitcoin club during his brief enrollment at Pomona College. His company Augur has long been a pioneer in blockchain, raising Ethereum’s first ICO five years ago.

San Francisco-based digital investment platform Uphold is now offering what it calls a “better form of gold”: Universal Gold. Backed by the government of Western Australia, the new product allows users to buy physical gold, which they can then spend pieces of using their Uphold credit card through the Universal Gold token or take physical delivery.

Jose Arrieta, the chief information officer for the U.S. Department of Health and Human Services, confirmed that his agency is using blockchain to track Covid-19 hospitalization data. Since HHS took over data collection from the CDC, Arrieta says, “every day, every data element we receive is hashed with a time-stamped record of the parsing and curation and sharing of that data element.”

The Office of the Comptroller of the Currency’s letter last week explicitly permitting banks to offer services to crypto-oriented businesses was a big step forward for the industry, but there is still plenty of ambiguity. The producer of the new docuseries “Open Source Money” says widespread regulatory uncertainty is the single biggest challenge facing blockchain entrepreneurs.

The U.S. doesn’t currently have a consistent, enforceable blockchain policy. More clarity around data integrity, data mobility and consumer education would help entrepreneurs plan their next moves and make the space more understandable for individuals and institutions.

Ethereum Is the Best-Performing Asset Class of 2020 [Cointelegraph]

China-Backed Crypto Guru Wants to Unify World’s Blockchains [Bloomberg]

Recent Bitcoin Rally Pushes ‘Addresses in Profit’ to 93% [CoinDesk]

Source: www.forbes.com

Author: Crypto Confidential


Cryptocurrencies archive news by date

Cryptocurrencies archive news by date

  • Binance Coin price approaches $21
  • Bitcoin Cash price settles near $285, what’s next?
  • Crypto Twitter is trying to figure out why Ethereum is up 50% in 10 days
  • Goldman Sachs: Gold Will Hit $2,300 by 2022. What About Bitcoin?
  • Cardano (ADA) price forms strong base at $0.13, but transaction volume concerns investors
  • YFI Copycat YFFI Enters Death Spiral As It Plummets By Almost 100%
  • Bitcoin price rests near $11150, what to expect?
  • Garmin Coming Back Online After Hack — Was $10M Crypto Ransom Paid?
  • Alleged 17-year-old Twitter hacker has more than $3 million worth of bitcoin assets
  • Ethereum price trading at a one-year high, back to $500?
  • Ripple Price Analysis: Rally Could Gather Pace Again Above $0.30
  • The US travel management company CWT paid $4.5 million in a Bitcoin ransom attack.
  • Bitcoin Hit $12k, Crashed to $10.5k–Is BTC’s Volatility Finally Back?
  • Xbox Game Pass is Going Platform Agnostic – And That’s a Game-Changer
  • Anthem Disaster Unravels Further after Destiny 2 Loot System Rip-Off
  • Max Keiser On Why Bitcoin Price Won’t Face A Lot Of Obstacles Until It Hits $28,000
  • Market Watch: Altcoins On Fire As Bitcoin Dominance Taps Yearly Lows
  • US Travel Giant Paid 414 Bitcoins in Ransom to Hackers
  • New Crypto DeFi Asset Surges 409% in Just Four Days – Here’s the Scoop on Tendies
  • Bitcoin hashrate ATH: Old machines now profitable amid Bitcoin’s price
  • Where FATF Crypto Compliance Gets Interesting: Africa
  • HSBC Stock Down 5% in Pre-market, HSBC Profits Tank 65% During First Half of 2020
  • Attila Has Become the Most Popular Project in the Indonesia Blockchain Market
  • Bitcoin donations on The Pirate Bay are surprisingly low
  • SEC-sanctioned crypto companies received COVID-19 bailout money
  • YouTube Bans Crypto Channel for ‘Encouraging Illegal Activities’
  • The alleged teenage Twitter hacker owns more than $3 million worth of bitcoin.
  • MCO jumps 20% as Crypto.com’s swap program goes live
  • Canaan and Ebang mining rigs out to challenge industry bigwigs
  • Huobi Hires Former Banking Giant Executive to Lead New DeFi Fund
  • Market Analysis Report (03 Aug 2020)
  • Stellar Lumen (XLM) Price Could Resume Rally Above $0.106 & $0.110
  • HaruBank Celebrates One Year of Operations, Showing Strong Growth
  • Cosmos, BAT, Cardano Price Analysis: 03 August
  • Microsoft’s TikTok Buyout Alarms Critics – But They’re Missing the Point
  • VeChain, Tron, Litecoin Price Analysis: 03 August
  • Ten crypto companies sanctioned by the US SEC for fraud received bailout money from the government.
  • Twitter Hacker Owns $3.4M in Bitcoin, Court Sets Bail at $725K
  • Ethereum long-term Price Analysis: 03 August
  • Creator of YFI fork Asuka token is said to have exit scammed
  • Ethereum 2.0 Medalla Testnet Expected Tomorrow: ETH Nearing $400
  • Milestone: Bitcoin ATMs nears 9,000, makes over 68% YoY increase
  • Bitcoin doubling scam on the rise as coin surges above key resistance
  • Inside a Crypto ‘Ponzi’: How the $6.5M Banana.Fund Fraud Unravelled
  • PS4 Wins Marvel Avengers Stakes Thanks to a Huge Spidey-Surprise
  • If History Repeats: Bitcoin Price at $430,000 During Next Bull Run
  • Alleged 17-Year-Old Twitter Hacker Owns Over $3 Million in Bitcoin
  • Charlie Lee, Adam Back Lead $3.1M Private Raise for Blockchain Game ‘Infinite Fleet’
  • Ethereum’s spot and futures volumes are rising faster relative to Bitcoin’s
  • Tel Aviv Stock Exchange to Launch Blockchain Securities Platform
  • Microsoft and TikTok Confirm Acquisition Talks, Deal to Be Concluded by September 15
  • Best Weekly Close Since $20K? 5 BTC Price Factors to Watch This Week
  • Crypto Hedge Fund Neural Capital Closes After Losing Half Its Money
  • Dow Futures Slide as Trump Unleashes Tech War Against China
  • I’m Afraid Meghan Markle is in Love With Being a Princess, Not Prince Harry
  • Huobi Appoints New Chief to Lead Its Recently Launched DeFi Fund
  • Max Keiser goes bullish on Bitcoin, predicts price to hit $28,000
  • Low cap DeFi cryptocurrency Tendies surges 409 percent in 4 days, trounces Tether and LINK
  • Crypto Firm Hacked for $1.4M Admits It Will Struggle to Reimburse Users
  • European Union Looks to Copy U.S. Congress in Big 4 Tech Antitrust Hearing
  • YouTube bans crypto channel for “promoting illegal activities.”
  • A Bitcoin Ponzi scheme took in over $7 million, say prosecutors
  • Swiss DIA enables Blockchain validation of market data on new Wikipedia-style platform
  • GLE Stock Down 3%, Societe Generale Languishes in Losses in Q2 Due to COVID-19
  • Decentralized Trading and Coordinated Manipulation Drive Bitcoin’s Volatility — Here’s What’s Going On
  • Goldman Sachs: Gold to Reach $2,300 by 2022 and Replace Dollar as Reserve Currency
  • PS5 DualSense Leak Teases the Battery Upgrade We All Deserve
  • Bitcoin price survives weekend plunge but bulls remain strong above $11,000
  • The global crypto exchange Huobi hires Former Banking Giant Executive as the head of new Defi Fund.
  • XRP Finally Eclipses Highly-Anticipated Landmark – Where Are The Bulls Headed?
  • First Mover: July Was a Runaway Month for Crypto Returns
  • Bitcoin Consolidating Around $11K, BitMEX CEO Expects Price to Go ‘Down, Then Up’
  • Huobi Asset Management granted 2 licenses by Securities and Futures Commission
  • Bitcoin SV short-term Price Analysis: 03 August
  • Bitcoin Investors Unshaken By Sunday’s Flash Crash, Data Suggests

Source: bitclick.org


Bitcoin Surges To 2020 High; Augur’s New Peer-To-Peer Gambling


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