BTC is Safe Haven Asset Amid Political Tension

Nigel Green, the CEO and founder of financial consultancy firm deVere Group, says Bitcoin’s recent bullish activity shows it has the power to replace proven safe haven assets like gold. In a statement on the deVere Group’s website posted July 27, Green said Bitcoin (BTC) is currently living up to its namesake as “digital gold” while it and other cryptocurrencies are more likely to be seen as safe haven assets.  “Up to now, gold has been known as the ultimate safe-haven asset, but Bitcoin — which shares its key characteristics…

Developers Release Validator Launchpad for Ethereum 2.0 Final Testnet

With the Ethereum 2.0 final testnet set to be released on August 4, developers have now opened the doors to validators. According to a July 27 Ethereum blog, the research team behind ETH 2.0 has announced the release of the validator launchpad for the multi-client testnet Medalla. The launchpad is part of the testnet launch stage, prior to Phase 0, in which the network will move towards Proof-of-Stake (PoS).  “We’re releasing it now so that you can keep track of, and make deposits into, the upcoming Medalla multi-client testnet,” the…

Three Individuals Behind Alleged PlexCoin ICO Scam Charged with Fraud

Three Canadian citizens involved with an alleged initial coin offering scam from crypto project PlexCorps have been charged with fraud over conning investors out of $8 million. According to a July 24 statement from the U.S. Attorney’s Office in the Northern District of Ohio, PlexCorps owners Dominic Lacroix and Sabrina Paradis-Royer as well as former employee Yan Ouellet were indicted on five charges, including conspiracy to commit securities fraud and wire fraud, wire fraud, and conspiracy to commit money laundering. The three were found to be responsible for transferring millions…

Bitcoin Price Rallies 13% to Break Through $11,000

Within the last hour Bitcoin (BTC) price pushed through the $11,000 level in a high volume surge which saw the price reach a new 2020 high at $11,394.  At the time of publishing the price has pulled back slightly to the $11,150 range but purchasing volume continues to rise on the 1-hour timeframe. This suggests that the top-ranked digital asset on CoinMarketCap may have another go at the daily high.  Crypto market weekly price chart. Source: Coin360 As reported earlier by Cointelegraph, on-chain activity registered a significant spike in exchange…

Exchange Activity Explodes Following Bitcoin’s $10K Breakout

Bitcoin’s (BTC) recent breakout was accompanied by a massive spike in on-chain exchange volume activity, according to data from Glassnode. On-Chain exchange activity. Source: Glassnode. Unlike regular trading volume that is often artificially inflated by the exchanges, on-chain activity may be more indicative of the true patterns. Interestingly, the only metric that experienced a downward trend is the number of exchange deposits. This may be a bullish sign in its own right. Weekly percentage change in volume. Source: Kaiko. 700% growth in DAI/USDT The data for the previous week indicates…

Brave Browser Brings New Level of Security to iOS users

July 27, Brave Software partners with Guardian to bring greater levels of security and privacy to the iPhone and iPad users. This partnership will combine the privacy stack of the two companies — Brave’s privacy focused browser with Guardian’s VPN and firewall service. The iOS users of Brave Browser will be able with one click to turn on Brave Firewall + VPN that will protect the entire device from privacy intruding trackers. A screenshot of Brave’s VPN+Firewall. Source: Brave. Guardian is good for Brave users Brave CEO Brendan Eich told…

Hoskinson AMA Reveals Details of Cardano Foray into Africa

Charles Hoskinson, CEO of Cardano (ADA) developers IOHK, took to YouTube on July 25 for one of his regular ask-me-anything sessions. Among a wide range of topics covered, Hoskinson gave details about the status of a number of tenders aimed at making inroads into Africa. Can’t win ‘em all Hoskinson admitted that IOHK had been underbid on its primary tender, to facilitate a fertilizer voucher scheme for farmers with Ethiopia’s Agricultural Transformation Agency, or ATA. This was despite putting in what he felt was an incredibly low bid himself. “It…

Pavillion Hub and 22nd Century Racing Series

As blockchain technology continues apace in its quest to infiltrate and improve the gaming sector, multiple platforms have been springing up to vy for your attention. Earlier this month Cointelegraph reported on Pavillion Hub, developed by GOATi entertainment and powered by Phantasma blockchain, which integrates with the Steam gaming platform. This allows developers to easily incorporate blockchain elements into games they release on Steam. But what is the user experience like for gamers? I spent some time playing with the system, and its sample game 22nd Century Racing Series (22…

Bitcoin Price Hits 10-Month Highs as BTC Aims at $10.5K Resistance

Bitcoin (BTC) hit its highest in over ten months on July 27 as bulls took control and sent the largest cryptocurrency past $10,350. Market overview from Coin360. Data from Cointelegraph Markets and Coin360 confirmed BTC/USD reaching highs of $10,363 on some exchanges on Monday — its best performance since Sept. 9, 2019. Markets continued to capitalize on bullish sentiment as the trading week began, Bitcoin following safe-havens gold and silver to surprise traders and analysts alike. As Cointelegraph reported, a basket of factors is helping to fuel gains, which remain…