The Chinese police busted a massive crypto scam in Wenzhou that managed to amass over $14.31 million.
Bitcoin (BTC) is known as the first open-source, peer-to-peer, digital cryptocurrency that was developed and released by a group of unknown independent programmers named Satoshi Nakamoto in 2008. Cryptocoin doesn’t have any centralized server used for its issuing, transactions and storing, as it uses a distributed network public database technology named blockchain, which requires an electronic signature and is supported by a proof-of-work protocol to provide the security and legitimacy of money transactions. The issuing of Bitcoin is done by users with mining capabilities and is limited to 21 million coins. Currently, Bitcoin’s market cap surpasses $138 billion and this is the most popular kind of digital currency. Buying and selling cryptocurrency is available through special Bitcoin exchange platforms or ATMs.
On July 8, a record number of Bitcoin were removed from custodial exchanges, with Coinbase leading the charge.4138
Bitcoin price dropped below $9,200 as stocks were rattled by the U.S. Supreme Court decision on President Trump’s tax returns.2464
Michael Novogratz, who predicted BTC to hit $20,000 by the end of 2020, advises investors to own more gold than Bitcoin.3270
The unlimited potential of blockchain technology is unleashed when used in conjunction with nonfungible tokens.1052
A massive 18.52 million BTC buy order on Bitfinex will save Bitcoin from dropping to $0, thanks to Alistair Milne.10638
Fresh investments into mining equipment by smaller companies signals an optimistic outlook for the future of Bitcoin.6640
The Texas State Securities Board has successfully shut down the operations of an illegal cryptocurrency investment scheme.2669
Growing belief in Bitcoin following gold higher contrasts with chart analysis, which shows multiple weaknesses remain.4224
Brave has found a major partner in Japan to explore the growing Japanese market with.3692
Australian comedian Jim Jefferies revealed he bought one Bitcoin for roughly $10K on the Robinhood trading app for a laugh.19056
A researcher suggested that exchanges could “rollback” hacks by renting mining power from online marketplaces.3318
OKEx also had twice as many “whale” buy orders as sell orders.2399
A German collective launched a massive campaign to incentivize people to disseminate stickers with positive crypto messages.2005