DAILY CRYPTO NEWS AND MARKET RECAP On 6st August 2020

DAILY CRYPTO NEWS AND MARKET RECAP On 6st August 2020


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Coin news

 

Market Wrap: Bitcoin Trudges Past $11.7K as DeFi Lending Rates Gyrate!

by coindesk.com
Bitcoin’s price is trending up. Meanwhile, interest rates for lending crypto in DeFi are still unpredictable....

DeFi Traders Are Gaming Ethereum for Higher Profits, Researchers Say!

by coindesk.com
DeFi trading bots create "walls of executions," resulting in higher rewards for Ethereum miners, higher profits for traders and higher fees for everyone. ...

Hedgeye CEO Keith McCullough on Stagflation, Bitcoin and the Devalued Dollar!

by coindesk.com
One of the realest people in financial media joins for a conversation about where the economy really is and where it’s headed....

Nasdaq-Listed MicroStrategy, Wary of Looming Dollar Inflation, Turns to Bitcoin and Gold!

by coindesk.com
“If you have large dollar values and you're hoping for any kind of return on them, that's faded,” said CEO Michael Saylor. “Gold, silver and bitcoin are showing strength.”
...

Bitcoin News Roundup for Aug. 5, 2020!

by coindesk.com
With BTC pushing towards $12,000 and gold at record highs, CoinDesk's Markets Daily is back for your crypto news roundup!...

Bitcoin Price Rises 3% as Gold Trades Above $2K for First Time!

by coindesk.com
Bitcoin is again acting like a macro asset, drawing bids amid record rally in gold and broad-based U.S. dollar sell-off....

First Mover: Ethereum’s Transition to Staking Could Push More Traders to Use Derivatives!

by coindesk.com
As Ethereum starts its multiyear transition to a "staking" network, analysts say a reduction in token liquidity may push traders to derivatives markets. ...

Square Reports 600% Increase in Quarterly Bitcoin Revenue!

by coindesk.com
Jack Dorsey's Square has seen one of the largest quarterly increases yet for its bitcoin business....

Dark-Web Vendor and Pharmacist Charged With Trafficking Drugs Worth $270M in Bitcoin!

by coindesk.com
The two men allegedly shipped opioids into the U.S. and sold them on the dark web for millions in bitcoin....

 

Winners and losers

 

Top 5 winners

 

Name                          Price (USD)

Zcash 95.8073390596 delta-green.png 13.0826

Dash 92.3740510967 delta-green.png 6.1803

Bitcoin 11739.4008013 delta-green.png 4.6842

Binance Coin 23.3232077512 delta-green.png 4.54966

Crypto.com Coin 0.163606171525 delta-green.png 4.31119

 

Top 5 losers

 

Name                             Price (USD)

Tezos 3.13106032566 delta-red.png -2.88349

Chainlink 9.57188789078 delta-red.png -2.38575

Stellar 0.107931449752 delta-red.png -2.02306

Cardano 0.142678657228 delta-red.png -0.926801

IOTA 0.306508314216 delta-red.png -0.356582

 

Other great coins

 

Name                             Price (USD)

Steem 0.20950203608 delta-green.png 0.193711

Hive 0.222919996885 delta-green.png 0.844194

Ethereum 401.662137982 delta-green.png 2.85155


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