- Bitcoin Price Seals Best Weekly Close in 2.5 Years: 5 Things to Know;
- Bitcoin Hits $12K as Trump Orders Checks for Unemployed (Voters);
- ‘Capital Flight out of Asia Is Taking Bitcoin Express’ Says Max Keiser;
- Cosmos’ Founding Team Broke Up Early This Year. The Project Didn’t;
- New Grayscale Ad: The History of Money in 30s & 'Digital Currencies';
- 🗞 Daily Crypto Calendar, August, 10th 💰
Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!
Bitcoin (BTC) greets another week with a push to $12,000 and its highest weekly close since after it hit $20,000 — will it return?
Cointelegraph takes a look at five things that stand to impact BTC price performance in the coming five days.
BTC: A two-and-half-year record weekly close
Bitcoin hitting $12,000 again early Monday was more than just a boon for traders — in doing so, BTC/USD sealed its highest close on weekly time frames since January 2018.
Price-wise, $12,000 represents the highest that Bitcoin has reached since June 2019, three months after a Q2 bull market took the cryptocurrency from $4,000 to $13,800 — a level which this cycle has yet to reach.
Bitcoin climbed above $12,000 early Monday before dipping once more as traders weighed U.S. President Donald Trump’s move to provide emergency aid amid new signs the labor market recovery is stalling.
Trump announced a series of executive orders over the weekend, including authorizing unemployment payments of about $400 a week, less than the $600 benefit that expired at the end of July. Lawmakers with the opposition Democratic party quickly panned the move as unconstitutional, but economists with Goldman Sachs said the president’s runaround might pressure Congress to quickly approve a stimulus package worth at least $1.5 trillion, according to Yahoo Finance.
The determination to provide additional stimulus – at a time when trillions of dollars have already been pumped into the global financial system by governments and central banks – could feed into bitcoin bulls’ bet that the cryptocurrency will benefit as a hedge against inflation, similar to gold.
Capital flight out of Asia is one of major reasons for Bitcoin (BTC) hitting new 2020 highs in August, a major Bitcoin advocate believes.
Max Keiser, a famous American broadcaster and known Bitcoin bull, is confident that rising tensions in Asia are one of factors for Bitcoin’s rally up to $12,000.
“You can’t take it with you, unless it’s Bitcoin”
In an Aug. 10 tweet, Keiser argued that Bitcoin is a solid method to move big amounts of money abroad while crossing borders. According to Keiser, a number of people in Asia are using Bitcoin to move their money out of the continent as geopolitical tensions risk affecting markets. “Capital flight out of Asia taking the Bitcoin express,” Keiser wrote.
The rags-to-riches legend of Cosmos from 2017 (turning a $17 million token sale into roughly $104 million by 2019) almost came to an end in February 2020 when the interoperability project’s co-founders engaged in a scathing feud.
Jae Kwon accused Zaki Manian of blasphemy, arguing over whether this software was “godly” and demanding that Manian renounce his “self-professed godliness.” (This is a quasi-religious industry, after all. Kwon did not respond to requests for comment by press time.) Many tokens are blatantly tethered to their celebrity creators. Would Cosmos fade into the already expansive graveyard of once-hyped token projects?
Don’t put dirt on that grave just yet.
Manian said it was “pointless to continue with the current corporate structure” at Tendermint, adding the dramatic yet amicable breakup split the founding team into three companies, which may benefit Cosmos.
Today, US-based major crypto asset management firm Grayscale launched its new national ad campaign in the US that aims to bring new crypto users by telling them the history of money in 30 seconds.
"The commercial is not your average financial services ad — it is a wakeup call that people everywhere should seize what we feel is a once in a generation opportunity that digital currencies may present," the company said in a blog post.
🗞 Daily Crypto News, August, 10th💰
- EOS (EOS), Ethereum (ETH), IRISnet (IRIS), Neo (NEO), Nervos Network (CKB), Tezos (XTZ)
"BSN will begin offering permissionless services with 6 public chains, they are Ethereum, EOS, Tezos, Nervos, Neo and Irisnet."
- Swipe (SXP)
"Swipe will release the SwipeFi white paper and governance details by August 10, 2020..."
- Askobar Network (ASKO)
- Chainlink (LINK)
- Band Protocol (BAND)
Band Protocol ($BAND) will be listed on @HuobiGlobal , world’s leading digital asset exchange, and begin trading on 11:00, August 10, 2020.
- 🗞 Daily Crypto News, August, 9th💰
- 🗞 Daily Crypto News, August, 8th💰
- 🗞 Daily Crypto News, August, 7th💰
- 🗞 Daily Crypto News, August, 6th💰
- 🗞 Daily Crypto News, August, 5th💰
- 🗞 Daily Crypto News, August, 4th💰
- 🗞 Daily Crypto News, August, 3rd💰
- 🗞 Daily Crypto News, August, 2nd💰
- 🗞 Daily Crypto News, August, 1st💰