News


Market Wrap: Bitcoin Briefly Breaks Below $9K, but Markets Remain Comatose   (Coindesk - Jul 02)

Bitcoin briefly broke below $9,000 on Thursday, but the markets remain quiet.


Dow Booms as Wall Street Defies Ray Dalio’s Free Market Death-Knell   (Cryptocoinsnews - Jul 02)

The Dow Jones rallied in response to a jobs report that economists say is outdated. Ray Dalio warns that the stock market is no longer "free." Dow Booms as Wall Street Defies Ray Dalio’s Free Market Death-Knell by CCN.com


DeFi Insurer Nexus Mutual Maxed Out by Yield-Farming Boom   (Coindesk - Jul 02)

Nexus Mutual is seeing a surge in demand. "Our product has honestly seen massive interest since yield farming kicked off," said founder Hugh Karp.


Bitcoin Miners Saw 23% Revenue Drop in June   (Coindesk - Jul 02)

Bitcoin mining revenue dropped 23% in June to approximately $380 million.


Why the Robinhood Revolution Is the Future of Finance, Feat. Jill Carlson   (Coindesk - Jul 02)

Far from a fly-by-night, uneducated mania, the new day trader class represents a much more significant force for how public markets are changing.


Ghislaine Maxwell Got Arrested – I’m Scared It’s Just Window Dressing   (Cryptocoinsnews - Jul 02)

Ghislaine Maxwell, Jeffrey Epstein's 'pimp,' has been arrested. Is this the start of unraveling his sex trafficking ring - or the scandal's window dressing? Ghislaine Maxwell Got Arrested – I’m Scared It’s Just Window Dressing by CCN.com


As Tesla Trounces Toyota, Car Sales Plunge to Great Recession Levels   (Cryptocoinsnews - Jul 02)

Tesla shares are taking a victory lap after the company's massive production beat, but the sector spells trouble for all automakers. As Tesla Trounces Toyota, Car Sales Plunge to Great Recession Levels by CCN.com


Bitcoin News Roundup for July 2, 2020   (Coindesk - Jul 02)

With traditional markets moving up and BTC sticking to its recent tight trading range, Markets Daily is back with another bitcoin news roundup.


Blockchain Bites: BlockFi’s Revenue, DEX Volume and a Wallet Bug   (Coindesk - Jul 02)

A federal appeals court effectively said blockchain data is not protected under the Fourth Amendment while decentralized exchange volume explodes.


The IRS Wants to Know More About Privacy-Enhancing Crypto Coins, Tools   (Coindesk - Jul 02)

America's tax collector is laying the groundwork for a possible assault on privacy-enhancing cryptocurrency technologies.


Nasdaq Smashes All-Time High as Tech Stocks Remain Immune to Virus Risk   (Cryptocoinsnews - Jul 02)

The Nasdaq Composite Index continues to be Wall Street's standout performer. The tech-focused index is up 14% in the first half of the year, defying a broad market downtrend for the S&P 500 and Dow Jones. Nasdaq Smashes All-Time High as Tech Stocks Remain Immune to Virus Risk by CCN.com


Fallout 76 Will Be ‘Free’ on Xbox Game Pass – That’s Still Too Expensive   (Cryptocoinsnews - Jul 02)

Fallout 76 is coming to Xbox Game Pass. Don't let Bethesda sucker you into supporting this shameless cash-grab. Fallout 76 Will Be ‘Free’ on Xbox Game Pass – That’s Still Too Expensive by CCN.com


China Police Said to Detain Crypto OTC Traders Amid Money Laundering Crackdown   (Coindesk - Jul 02)

Chinese police are stepping up efforts in cracking down on illegal economic activities, which now leads to crypto over-the-counter (OTC) traders being detained to assist investigations.


Bitcoin Startup Zap Is Working With Visa   (Coindesk - Jul 02)

Lightning Network startup Zap, Inc. is partnering with Visa to offer the most user-friendly bitcoin services since Cash App.


This Stat Will Make Facebook & Amazon’s Antitrust Hearing Insanely Awkward   (Cryptocoinsnews - Jul 02)

Facebook, Amazon, Apple, and Google will face a grilling from Congress. One tech stock stat is going to make the hearing insanely awkward. This Stat Will Make Facebook & Amazon’s Antitrust Hearing Insanely Awkward by CCN.com


Bug in Moscow’s Blockchain Polling System Can Reveal How Users Voted: Report   (Coindesk - Jul 02)

The vulnerability allowed users votes in the recent constitutional poll to be decrypted, Russian journalists found.


Brace Yourself, China Tries Killing Panic Over New Swine Flu   (Cryptocoinsnews - Jul 02)

China's role in spreading pandemic is nothing new, and neither are its lies and distractions to save face. The next pandemic could take things to another level. Brace Yourself, China Tries Killing Panic Over New Swine Flu by CCN.com


Paris Hilton Typifies a Celebrity Culture That Should Be Canceled!   (Cryptocoinsnews - Jul 02)

Seeing Paris Hilton sporting her ridiculous diamante face mask instantly converted me into a fan of cancel culture. Cancel Paris and her mask! Paris Hilton Typifies a Celebrity Culture That Should Be Canceled! by CCN.com


The U.S. Housing Market Is Not Out of the Woods Yet   (Cryptocoinsnews - Jul 02)

The U.S. housing market's sunny days may not last for long if lockdowns are reimposed in the wake of a spike in the number of infections. The U.S. Housing Market Is Not Out of the Woods Yet by CCN.com


Investment Firm Arcane Crypto Plans Nasdaq Nordic Listing Through $32M Reverse Takeover   (Coindesk - Jul 02)

A successful reverse takeover of Vertical Ventures would allow the crypto investment firm to appeal to a broader investor base, the firm said.


Investment Fund Arcane Crypto Plans Nasdaq Nordic Listing Through $32M Reverse Takeover   (Coindesk - Jul 02)

A successful reverse takeover of Vertical Ventures would allow the crypto investment firm to appeal to a broader investor base, the firm said.


How Bitcoin Is Like Ham Radio   (Coindesk - Jul 02)

Bitcoin is decentralized, good in an emergency, supported by passionate fans and not likely ever to see mainstream adoption, says our columnist.


After Years of Resistance, BitPay Adopts SegWit for Cheaper Bitcoin Transactions   (Coindesk - Jul 02)

Payments processor BitPay has added support for SegWit, three years after a competing block size proposal fractured the Bitcoin community.


First Mover: Crypto.com Says User Growth Coming From Products, Not Token Speculation   (Coindesk - Jul 02)

Crypto.com saw the total number of users increase by 50% in the past few months, to 3 million people.


First Mover: Crypto.com Says User Growth Coming From Products Not Token Speculation   (Coindesk - Jul 02)

Crypto.com saw the total number of users increase by 50% in the past few months, to 3 million people.


Was Meghan Markle Really ‘Left Unprotected’ by the Royal Family?   (Cryptocoinsnews - Jul 02)

Meghan Markle claims she was left unprotected by the royal family during her time as a working royal. Are these claims true? Let's find out. Was Meghan Markle Really ‘Left Unprotected’ by the Royal Family? by CCN.com


Salesforce Co-Founder Launches Public Blockchain Network With Dollars Baked In   (Coindesk - Jul 02)

Public Mint puts dollars on the blockchain so users can use money whether or not they have bank accounts.


CNET Founder Launches Public Blockchain Network With Dollars Baked In   (Coindesk - Jul 02)

Public Mint puts dollars on the blockchain so users can use money whether or not they have bank accounts.


Xbox Could Copy PlayStation Studios’ Success Model – But It Won’t   (Cryptocoinsnews - Jul 02)

Microsoft has no plans to replicate Sony's output as it gears up to reveal its line-up of first-party Xbox Series X games. Xbox Could Copy PlayStation Studios’ Success Model – But It Won’t by CCN.com


The Dow Is Surging, But Don’t Be Fooled by a ‘Record’ Jobs Report   (Cryptocoinsnews - Jul 02)

The Dow Jones Industrial Average (DJIA) surged in response to 'record' jobs data on Thursday morning. One analyst warns not to be fooled. The Dow Is Surging, But Don’t Be Fooled by a ‘Record’ Jobs Report by CCN.com


Dow Futures Soar But Don’t Be Fooled by a ‘Record’ Jobs Report   (Cryptocoinsnews - Jul 02)

We're expecting 'record' employment data today with 3 million new jobs added to the US economy. But there's a much deeper problem under the surface. Dow Futures Soar But Don’t Be Fooled by a ‘Record’ Jobs Report by CCN.com


Sri Lanka’s Blockchain Bank KYC Platform to Enter Development ‘Shortly’: Central Bank   (Coindesk - Jul 02)

The Central Bank of Sri Lanka is about to decide who will develop a blockchain platform that could speed up the processing of bank users' ID information.


Khloe Kardashian & Tristan Thompson Might Be Engaged – And I Quit The Internet Today   (Cryptocoinsnews - Jul 02)

Khloe Kardashian is walking around with an engagement ring that Tristan Thompson reportedly gave her, because of course she is. Khloe Kardashian & Tristan Thompson Might Be Engaged – And I Quit The Internet Today by CCN.com


Crypto Lender BlockFi Says Monthly Revenue Up 100% After Bitcoin Halving User Boost   (Coindesk - Jul 02)

BlockFi said it's seen a surge in revenue since the bitcoin halving and the launch of its mobile app.


Why Bitcoin Bulls Are Betting on Explosive Growth in India   (Coindesk - Jul 02)

Demand for bitcoin is up in India, thanks in part to the economic crisis. But Indian tech startups are more focused on Ethereum.


Researchers Expose Flaw in Bitcoin Wallets That Could Be Exploited for Double-Spending   (Coindesk - Jul 02)

A standard way to transact Bitcoin could be vulnerable to double-spending and DoS attacks, ZenGo has found.


Elon Musk Is Our Most Insecure Billionaire, His Kanye West Pic Proves It   (Cryptocoinsnews - Jul 02)

Elon Musk appeared in a viral photo with Kanye West on Wednesday, and it's just his latest, of many, failed attempts to look cool. Elon Musk Is Our Most Insecure Billionaire, His Kanye West Pic Proves It by CCN.com


The ‘Cancel Ellen’ Crusade May Finally Have Hollywood’s Attention   (Cryptocoinsnews - Jul 01)

Word on the street is that Hollywood may finally be done with Ellen DeGeneres. Good riddance. She's deserved to be canceled for a long time. The ‘Cancel Ellen’ Crusade May Finally Have Hollywood’s Attention by CCN.com


Alinity Denies Twitch Favoritism Rumor in Expletive-Laden Clip   (Cryptocoinsnews - Jul 01)

In a new stream, Twitch streamer Alinity denies a popular rumor that the site's moderation team gives her preferential treatment. Alinity Denies Twitch Favoritism Rumor in Expletive-Laden Clip by CCN.com


Market Wrap: As Traditional Markets Rally, Bitcoin Gets Boring   (Coindesk - Jul 01)

Equities show strength as bitcoin stays rangebound above $9,000.


Should Joss Whedon Get Canceled for Being Mean?   (Cryptocoinsnews - Jul 01)

Justice League star Ray Fisher accused Joss Whedon of being "abusive" on set. His ex-wife called him a hypocrite. Is it enough to end his career? Should Joss Whedon Get Canceled for Being Mean? by CCN.com


US Senators Float Bill Requiring Congressional Watchdog to Study Crypto’s Role in Trafficking   (Coindesk - Jul 01)

Top members of the Senate Banking Committee plan to introduce legislation that would direct the congressional watchdog to study virtual currency’s role in drug and human trafficking.


US Senators Float Bill Requiring Congressional Watchdog Study Crypto’s Role in Trafficking   (Coindesk - Jul 01)

Top members of the Senate Banking Committee plan to introduce legislation that would direct the congressional watchdog to study virtual currency’s role in drug and human trafficking.


Logan Paul Feels Sorry for Shane Dawson – I Hope He’s the Only One   (Cryptocoinsnews - Jul 01)

Logan Paul says Shane Dawson is "going through it" now that he's been canceled, and wished him well. I hope he's the only one who feels that way. Logan Paul Feels Sorry for Shane Dawson – I Hope He’s the Only One by CCN.com


The Dow Barely Budged Because Wall Street Is Bracing for the Jobs Report   (Cryptocoinsnews - Jul 01)

The Dow Jones barely budged on Wednesday as Wall Street waited on pins and needles for the Thursday morning jobs report. The Dow Barely Budged Because Wall Street Is Bracing for the Jobs Report by CCN.com


Satoshi’s Unappreciated Marketing Genius, Feat. Dan Held   (Coindesk - Jul 01)

There is a constant free market competition to define the Bitcoin narrative, and Kraken’s Dan Held argues this is part of what makes the protocol so strong.


Kate Middleton Wimbledon Video Brings Out Unpleasant Meghan Markle Trolls   (Cryptocoinsnews - Jul 01)

Kate Middleton narrated a lovely Wimbledon video that encourages fans to look forward to next year. Sadly, internet trolls were out in force. Kate Middleton Wimbledon Video Brings Out Unpleasant Meghan Markle Trolls by CCN.com


‘I Failed Terribly at Keeping My Identity Secret’: Scott Alexander on the Value of Pseudonymity   (Coindesk - Jul 01)

A New York Times decision to name Scott Alexander, the author of Slate Star Codex, raises questions about who deserves pseudonyms, journalism in 2020, and where we place value when it comes to news stories.


IOTA Foundation Enters Base Layer Race With ‘2.0’ Testnet   (Coindesk - Jul 01)

IOTA's new testnet addresses the technical feature that nuked the blockchain-like network for nearly two weeks earlier this year.


A Tesla Stock Split Won’t Do Much – Except Hoodwink Robinhood Traders   (Cryptocoinsnews - Jul 01)

Tesla shares may split soon. The lower price will do nothing to change the company's fundamentals, but retail investors may eat it up. A Tesla Stock Split Won’t Do Much – Except Hoodwink Robinhood Traders by CCN.com