Bullish Case for Bitcoin Grows as BTC Whale Population Tops 3-Year High

Recently published data from glassnode shows there are currently more than 1,800 Bitcoin (BTC) whales. From a macro perspective, this increase in the number of whales can be considered bullish. The term whale is used within the crypto industry to describe an individual investor that holds a large amount of BTC. Typically, whales are early Bitcoin investors or wealthy individuals that newly enter the cryptocurrency market but as institutional investors enter the market perhaps the boundaries of the term will expand to include new entities. The number of Bitcoin whales…

Allegedly Fraudulent Crypto Exchange Shut Down by UK High Court

The UK High Court has appointed the Official Receiver as liquidator of the cryptocurrency trading platform, GPay Ltd. According to an announcement published by the UK Insolvency Service on June 30, the crypto exchange showed signs of being “nothing but a scam”. Fake statements abound The firm, also known previously as XtraderFX and Cryptopoint, advertised its services online and through social media channels. The Insolvency Service claims that the ads falsely alleged the service was endorsed by entrepreneurs who appeared in an unnamed UK primetime TV show and a high-profile…

Survey Shows 42% of Investors Expect a $15K Bitcoin Price in 2020

A survey conducted by major crypto custodian Bitcoin IRA revealed that 42% of the platform’s customers expect Bitcoin’s (BTC) price to exceed $15,000 by the end of 2020. According to a June 29 announcement, Bitcoin IRA surveyed over 300 of its customers who answered their questions on a voluntary basis. A staggering 57% of the respondents also said that they buy and hold cryptocurrency as a long-term investment. Bitcoin IRA has high hopes for Bitcoin Bitcoin IRA’s head of marketing, Mike Schrobo, told Cointelegraph that all respondents were retail investors.…

Cardano’s ‘Shelley’ Mainnet to Launch Soon

Cardano (ADA) is upgrading from “Byron” over to “Shelley”. According to an announcement from the project: “We’ve been successfully running node v 1.14.2 on the Shelley public testnet for over a week now. And we can confirm that we’ll deploy the new node to the Cardano mainnet… today, 30th June as per the first date in the rollout plan.” Shelley offers greater decentralization and lays the groundwork for Goguen, which will introduce smart contracts. The Shelley version of Daedalus wallet has been released as well. This story is currently developing.…

3 Reasons Why Bitcoin Price Recorded Its Third Best Q2 Performance Ever

The price of Bitcoin (BTC) recorded its strongest Q2 performance in history following a massive plunge on March 13 when the price dropped below $3,600 before eventually pushing above $10,000 over the next three months. Researchers at Skew said: “Bitcoin is having today its third best quarterly close in its young history.” Quarterly performances of Bitcoin throughout the past 6 years. Source: Skew Three key catalysts that fueled the historic Bitcoin rally from April to June were: the May 11 block reward halving, demand for BTC at a multi-year low…

ETH Scalability Isn’t Going to Be an Issue Soon, Vitalik Buterin Posits

Ethereum expects boosted transactions per second, or TPS, as the network shifts toward the long-awaited Ethereum 2.0, or ETH 2.0, according to Etheruem co-founder Vitalik Buterin.  Vitalik says the transition will not be instant “ETH2 scaling for data will be available before ETH2 scaling for general computation,” Ethereum Buterin said in a June 30 tweet. “This implies that rollups will be the dominant scaling paradigm for at least a couple of years: first ~2-3k TPS with ETH1 as data layer, then ~100k TPS with ETH2 (phase 1),” he noted, adding…

A Safe Space With Room for More Inclusion

Technology has become central to everyday life. From finding new ways to make money smarter to communicating with each other, humankind is reliant on technology companies to provide these services for us. But despite its great influence over modern life, tech still faces a diversity problem. While some progress is beginning to be made, a cursory glance across the C-level ranks of most companies shows a strong oversupply of straight white men. Emerging tech sectors have not historically been the most inclusive or open-minded, but projects such as LGBT Token,…

Cointelegraph Hosts Online Meetup to Talk LGBTQ+ and Blockchain

As Pride month comes to an end, Cointelegraph hosts an online meetup to discuss LGBTQ+ issues in the crypto and blockchain community. Called “LGBTQ+ and Blockchain: Community-Powered Tech and Tech-Powered Community,” the new session of Cointelegraph Talks features community members like LGBTTech’s Christopher Wood and UNAIDS’ Eric Lamontagne. Other speakers include Hornet’s Christof Wittig, BitBull Capital CEO Joe DiPasquale, LGBT Foundation’s Sean Howell, Muckr AI’s Susan Oh, and Fintech.TV’s Dr Jane Thomason. Hosted by Cointelegraph’s opinion editor, Max Yakubowski, the upcoming session is less than an hour away, scheduled to…

Big Four Analytics Tools May Lure in Traditional Investors

Once dominated by young and savvy retail investors, the cryptocurrency market has seen increasing interest lately from institutional investors and large fintech firms. For instance, Grayscale Investments most recently added 19,879 Bitcoin (BTC) to its Bitcoin Trust, bringing the firm’s total volume of the predominant cryptocurrency close to a whopping 400,000. The investment firm further noted in a tweet on June 25 that it is managing $4.1 billion dollars worth of digital assets. It’s also worth noting that leading payment provider PayPal may soon be incorporating cryptocurrency options. While some…

DeFi Governance Tokens Tread Carefully as the SEC’s Invisible Hand Looms

Governance tokens in decentralized finance, or DeFi, have suddenly jumped into prominence following the success story of Compound’s COMP token, whose price action and liquidity mining program resulted in increased public interest. Unlike previous iterations of “utility tokens” during the initial coin offering mania, DeFi governance tokens lend themselves to a more fundamentals-based analysis. DeFi projects usually have a well-defined revenue at a protocol level in the form of trading fees or interest rates. As Michael Anderson, co-founder of Framework Ventures, told Cointelegraph earlier in 2020, the DeFi investment thesis…