When Robinhood FOMO? Bitcoin Price Pulling a ‘Kodak’ Means Six Figures

Retail traders on Robinhood have been increasingly seeing “fear of missing out” or FOMO rallies around certain stocks. The latest beneficiary has been the stock price of the renowned camera manufacturer Kodak (KODK) whose stock surged from $2 to $60 in one day.  Therefore, given the current climate of economic uncertainty and “infinite QE,” if the optimism around risk-assets flows over to Bitcoin, chances of a similar rally for BTC price — as some analysts are currently predicting — certainly increase. Moreover, following the Federal Reserve’s FOMC meeting on July…

BitFlyer and Brave’s New Partnership to Finally Let Japanese Users Earn BAT

Japanese users will soon be able to earn Basic Attention Token (BAT) by viewing Brave ads.  On July 30, major Japanese cryptocurrency exchange BitFlyer partnered with Brave Software International SEZC, a subsidiary of Brave Software — the maker of the crypto-enabled browser Brave. Within the partnership, the firms co-developed a crypto asset wallet in the Brave browser that allows Japanese users to receive BAT for viewing Brave ads. Japanese Brave users will also be able to buy or sell BAT on BitFlyer as well as tip BAT to publishers and…

Bitcoin Held by Exchanges Drops to 2019 Bull-Run Levels, Demand Rising

As July comes to a close, the amount of Bitcoin (BTC) held by major cryptocurrency exchanges has reached its lowest level since late May 2019. At that time, Bitcoin’s price was around $8,000 before continuing toward its 2019 high of $12,967 on July 11, 2019.  Roughly 10% of Bitcoin held by exchanges The Bitcoin balance held by major exchanges has been dropping significantly since mid-March 2020 following the Black Thursday crash on March 12 and subsequent recovery.  There are 2.64 million BTC collectively held on exchanges as of July 29,…

Ethereum Is the Best-Performing Asset Class of 2020

The average performance across Ethereum (ETH)-based assets has been a nearly 130% year-to-date (YTD) gain, according to data published by market data aggregator Messari. The data provides an overview of the 178 assets that currently exist on Ethereum, totaling a combined market capitalization of $63.7 billion — just shy of 20% of the entire crypto capitalization. Including stablecoins, 124 of the assets have posted a YTD gain, meaning that 70% of Ethereum-based tokens have increased in value despite the shocks felt across the global economy amid the COVID-19 pandemic. 70%…

Theta Partners With Korean Gaming Platform to Reward Its 3M Users

The crypto-powered Esports streaming platform Theta has partnered with South Korean social gaming platform Ludena Protocol to reward its gamers for viewing or streaming content. The partnership will see Theta protocol integrated into GameTalkTalk, Ludena’s first decentralized application (DApp) — allowing the gaming-centric social platform’s more than three million users to access Theta’s streaming services through the platform. Ludena’s users will be rewarded for engagement in the form of Theta’s TFUEL token. Theta TV to integrate GameTalkTalk The agreement will see an exclusive GameTalkTalk channel added to Theta’s streaming platform,…

Iranian Authorities Greenlight Power Plants Mining Bitcoin

Iran has announced that it will now allow industrial-scale power plants in the country to operate as Bitcoin miners —- provided they don’t use subsidized fuel. In a statement to the Islamic Republic News Agency (IRNA) on July 27, Mostafa Rajabi Mashhadi, a Deputy Managing Director at Tavanir, Iran’s Power Generation, Transmission and Distribution Management Company, said power plants in the country could operate as Bitcoin mines “if they comply with approved tariffs” and have the necessary licenses. Mashhadi said that any power plant considering such a venture could not…

Curve’s Daily Volume Increases 50x in Two Months

Decentralized finance (DeFi) liquidity pools continue to surge in popularity, with the Curve Finance decentralized exchange (DEX) consistently hosting more than $60 million in daily volume for the first time this past week, according to Dune Analytics. With daily volume closer to $1 million at the start of June, the explosive hype surrounding yield farming propelled an increase in trade activity of more than 50 times in just two months. Curve daily trade volume: Dune Analytics Curve’s growth has seen the platform emerge as the second-largest decentralized exchange by trade…

Could Australia Become Asia’s Crypto Derivatives Hub?

With Australian DeFi projects surging, the CEO of crypto exchange Mine Digital said he believes the nation could become a future hub for crypto derivatives in Asia. CEO Grant Colthup made the comments in a webinar hosted on July 29 by Melbourne’s Apollo Capital regarding digital asset infrastructure. Colthorp said many institutional investors in Australia were interested in crypto but were still skittish about getting away from “brick and mortar” financial establishments.  But he said crypto derivatives projects across Asian countries have the potential to move into Australia. Cothlup cited…

Polyient Games Launches Avalanche-Based DEX for Collectibles

Ava Labs, the development team behind the Avalanche blockchain has teamed up with non-fungible token (NFT)-focussed investment firm Polyient Games to launch a decentralized exchange (DEX) for crypto collectibles. Polyient’s NFT exchange will be powered by the Avalanche blockchain and will exist within the firm’s forthcoming Polyient Games Marketplace. The exchange is slated to host exclusive NFT auctions and peer-to-peer trading, with plans for “more liquid NFT trading products” and “NFT-adjacent tokens” in the future. Polyient’s native utility and rewards token, PGFK Particles (XPGPs), will be used to power the…

Zeus Capital Reportedly Offers Influencers 5 BTC for LINK FUD

Zeus Capital is reportedly offering prominent members of Crypto Twitter payment to spread unfavourable news about Chainlink, which hit a new record high price recently. Zeus Capital came to prominence recently after releasing a report claiming LINK was a scam and then heavily promoting negative news about Chainlink via Twitter ads. It has since called upon users to join a class-action lawsuit against CEO Sergey Nazarov. According to a screenshot posted to Twitter by ‘The Wolf of All Streets’ Scott Melker on July 29, Zeus Capital reached out to him…