Billionaire Says an Exponential BTC Price Increase Would be a Disaster

Chamath Palihapitiya says Bitcoin is uncorrelated to financial markets, which is one reason people should invest 1% of their wealth in it. Chamath Palihapitiya, the billionaire CEO of Social Capital and Virgin Galactic Chairman, has called Bitcoin a type of disaster insurance against governments making bad financial decisions.  In an interview with Unchained Podcast on June 23, Palihapitiya said hard-working people need something like Bitcoin as insurance, as the cryptocurrency is “really fundamentally uncorrelated” to the consequences of legislators behaving badly. However, the CEO pointed out that for the Bitcoin…

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Blockchain Verifies the Authenticity of Non-Genuine Nikes

An Australian custom shoemaker is using VeChain to verify the authenticity of its licensed Nike shoes. Blockchain-based traceability platform VeChain will be used to power the issuance of a limited-edition run of licensed Nike Air Max 1 shoes. Announced on June 24, Australian shoemaker Chase Shiel and retailer The Kickz Stand have partnered to produce a limited run of the sneakers — which are also based on Stussy’s ‘SB Dunk’ shoe that was launched in 2005. The shoes will go on sale from June 28 and will be sold exclusively…

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Review: Crypto.com’s Ruby Steel Prepaid Visa Card

A number of members in the cryptocurrency community, typically people who are paid in crypto assets, have tried a myriad of prepaid cards that can be credited with digital currencies like bitcoin. The following post is a review on the Crypto.com prepaid Visa card in order to give our readers some perspective on how the card operates. During the last four years, I’ve grown accustomed to leveraging prepaid cards that can be loaded with cryptocurrencies like bitcoin and ethereum. In the early days, there were only a few cards for…

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At This Rate Grayscale Will Own 3.4% of All Bitcoin by January

Grayscale Investments has added 19,879 BTC to its Bitcoin Trust in the last week, purchasing Bitcoin faster than the tokens can be mined. Grayscale Investments has purchased almost half a billion dollars in Bitcoin since the May block reward halving, and this week bought BTC around three times faster than miners could produce blocks. According to a June 25 tweet from crypto analyst Kevin Rooke, the investment firm bought 19,879 Bitcoin (BTC) — $184 million worth — in the last week for its Bitcoin Trust, bringing its total number of…

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Anchorage Launches Support for DeFi Token KEEP

Crypto custodian Anchorage has launched support for KEEP in its latest bid to emerge as a leading custodian for DeFi tokens. Cryptocurrency custodian Anchorage is continuing to expand its focus on decentralized finance (DeFi), announcing support for custody of Keep Network’s token. The KEEP token powers tBTC, a trustless and open-source protocol allowing the creation of Ethereum tokens that represent Bitcoin (BTC) which are used for accessing based DeFi protocols.  The protocol also facilitates the autonomous containerization of users’ private data when engaging with public chains, bolstering the privacy enjoyed…

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Bitcoin Price Reclaims $9,300 as Traders Expect Increased Volatility

Bitcoin price recovered from its drop below $9K but traders expect increased volatility ahead of Friday’s $1.06 billion BTC options expiry. Since briefly tumbling below $9,000 on June 24,  Bitcoin (BTC), the top-ranked digital asset on CoinMarketCap recovered today to trade in the $9,300 range again. The swift recovery occurred as traders continue to anxiously await the result of a record-breaking $1.06 billion Bitcoin options and futures contract expiry.  While the digital asset remains in an uptrend, the start of this also week saw stocks correct sharply as the dreaded…

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Major Japanese Firm Reveals Plans for a Digital Securities Exchange

Tokai Tokyo Financial Holdings, a major Japanese traditional financial institution, is working towards launching a digital security exchange in Japan. Tokai Tokyo Financial Holdings, one of the major traditional Japanese financial institutions, has unveiled a plan to develop a security token exchange. Tokai Tokyo is already an investor in Huobi Japan.  According to Nikkei, as the first step in the journey, Tokai Tokyo is investing in blockchain company Hash Dash Holdings to leverage the company’s knowledge to develop the exchange. Hash Dash aims to apply blockchain technology to the financial…

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Join DJ Thistle & NebraskanGooner on This Week’s Crypto Markets Live!

Tune in now for analysis of the major cryptocurrency markets, and more! What do lunar cycles and market cycles have in common? Tune in to the livestream above to find out! This week’s guests include technical cryptocurrency trader NebraskanGooner and disc jockey turned part-time Bitcoin investor DJ Thistle. The discussion will cover technical analysis of the Bitcoin, Ethereum, Tezos, and NEO cryptocurrency markets. We’ll then unpack the relationship between Bitcoin and altcoins before moving on to discuss the rumors that PayPal and Venmo may be integrating cryptocurrency payments into their…

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JPMorgan’s Blockchain Offshoot Kadena Gets First Ever Token Listing

Kadena preps its first ever listing on Bittrex Global, with initial trading pairs including Bitcoin and Tether. Bittrex Global, one of the world’s most popular platforms for trading cryptocurrencies, is about to become the first crypto exchange to list a token by JPMorgan’s blockchain spin-off Kadena. Kadena token (KDA), is finally getting its first official listing on June 25. While token deposits on KDA wallets on Bittrex are available immediately, the trading is set to open on June 26 at 10:00 a.m. EST. At the initial launch, KDA will be…

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Self-Proclaimed Satoshi Claims He’s Autistic, Judge Tosses Out Sanctions Against Craig Wright

The Kleiman v. Wright case is seemingly headed to trial on July 6, 2020, after Judge Beth Bloom ruled against the Kleiman’s attempt to levy sanctions against Craig Wright, the man who claims to be Satoshi Nakamoto. It seems Wright has claimed that a licensed clinical psychologist diagnosed him with “Autism Spectrum Disorder with high intellectual skills,” so the Judge dismissed the sanctions charges. Judge Bloom noted that it takes more than just inconsistencies, contradictory statements, and suspicions to levy sanctions against Wright’s testimony. Craig Wright and the representatives from…

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