Bitcoin ‘Fills’ $11.6K Futures Gap, But Is $10K More Likely Than $15K?

Bitcoin has seen a surprise Saturday surge to a 12-month high as $15,000 becomes a real possibility in the near term. The price of Bitcoin (BTC) has seen a great week with a surge to $11,700. After two months of consolidating inside a range, the price of Bitcoin finally broke through the psychological barrier of $10,000 and currently faces the final hurdle before the bull market can start.  Most often, people become bullish once they see green candles, with which extraordinary targets can be found on social media. Can these…

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Bitcoin Futures Traders Bet on Bullish Price Action, but Not Too Fast

Bitcoin futures open interest is currently at an all-time high as traders expect more upside for BTC’s spot price. Bitcoin (BTC) futures trading has been on a high since July 21 with both the Chicago Mercantile Exchange and Bakkt seeing sizeable increases in volume and open interest for their contracts. This resurgence in BTC futures comes as the spot market value of the largest crypto by market capitalization reached a new 2020 high. Two months on from the May 2020 halving event, BTC has begun to show signs of the…

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Bitcoin Now ‘Perfectly on Track’ to $100K, Says Stock to Flow Creator

The price of Bitcoin surpassed $11,700, and the creator of the Stock to Flow model says BTC to $100,000 is well on track. PlanB, the well-known creator of the contested stock-to-flow (S2F) model, believes Bitcoin (BTC) is now well on track to reach $100,000 as the price has risen to yearly highs. The optimistic sentiment coincides with the shift in momentum from alternative cryptocurrencies, or altcoins, to BTC. He said: “I can’t make a chart for you now (at sea), but S2F model perfectly on track.” At the same time,…

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Ethereum Classic Blockchain Splits Due to Reorg by a Single Miner

Ethereum classic was attacked? ETC network briefly goes down for maintenance, diagnosis report explains what happened. On August 1, several figures associated with Ethereum Classic (ETC) took to Twitter to inform the community of issues with the ETC blockchain. Among the first was Ethereum Foundation member Hudson Jameson who stated that: “Exchanges need to pause deposits and withdrawals.” The official Twitter page of ETC and James Wo, founder of Ethereum Classic Labs, both confirmed the issue. A Diagnosis report was soon released to explain what happened. Although the offending miner…

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Block 478,559: Bitcoin Cash Fans Worldwide Celebrate the Cryptocurrency’s 3rd Anniversary

Three years ago at approximately 2:14 p.m. ET, the first Bitcoin Cash blocks were mined. That day, block 478,558 was the last common block found, and six hours later Viabtc mined the first Bitcoin Cash block (nr 478,559). The course of history was changed ever since this point, as the scaling debate took the dispute to a whole new level. Bitcoin Cash (BCH) proponents are celebrating the third anniversary of the chain split that took place three years ago on August 1st. The peer-to-peer electronic cash system has come a…

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Blockstack CEO Says Bitcoin Is a Better DeFi Solution Than Most Think

Bitcoin a secure cryptocurrency, whereas Ethereum has been a “frontrunner” when it comes to smart contracts. As interest in smart contracts surges, some Bitcoiners are asking: why can’t Bitcoin (BTC) become the foundation for smart contracts too, instead of Ethereum (ETH)? Muneeb Ali, co-founder and CEO of Blockstack open-source platform, believes that the best way to bring about a user-owned internet “is to anchor applications and smart contracts to the Bitcoin network in a way that uses Bitcoin as a reserve currency and its powerful blockchain as a security mechanism.”…

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Title Token for Blockchain Estate Registry, Part 2

Focusing on title tokens, a theory of smart laws, digital authorities and how to protect the system from digital dictatorship. Title token is a record of ownership similar to the one made in a traditional estate registry. This concept is designed as an alternative to security tokens and various financial crypto instruments. The title token is not “backed” with real property; this is the record that directly certifies the property right — the same as paper title deeds, or certificate of ownership, etc. It is a digital form of property…

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Bitcoin Hits $11.6K for First Time in a Year as Traders Expect $15K

The price of Bitcoin has surpassed $11,600 for the first time in 12 months as traders say that there is a lot of open range between $11,600 and $15,000. The price of Bitcoin (BTC) has surpassed $11,600 for the first time in 12 months buoyed by rising market sentiment. As BTC/USD demonstrates strong momentum, investors believe there is little resistance until $15,000. Cryptocurrency market daily snapshot. Source: Coin360 Bitcoin rose to as high as $11,763 on BitMEX in a sudden weekend price move. It also “filled” the CME futures gap…

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Japan’s Dormant BTC Trading Accounts Wake up as Bitcoin Price Rallies

“Old-time” Japanese crypto traders are coming back as Bitcoin recovers to $10K. Japan’s “dormant” crypto accounts are starting to see activity as Bitcoin breached a critical price resistance level this week. According to the Japanese crypto exchange Coincheck, their trading volume this week has risen by two to three times in comparison to the previous one.  Speaking to a selected number of the Japanese outlets, Yusuke Otsuka, the co-founder of Coincheck explained that existing users who hadn’t traded for a while became active again this week: “Some of our users…

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Total Value Locked in DeFi Hits New ATH of $4B

A total of $4 billion in value is now locked in the DeFi markets, according to DefiPulse.com. The Decentralized Finance, or DeFi, industry continues its massive growth trajectory as the total value locked in the DeFi markets hits $4B, according to data from major industry website DefiPulse.com. Total value locked in DeFi markets, August 1. Source: DefiPulse.com DeFi markets refer to the use of blockchain, digital assets, and smart contracts in financial services like credit and lending to provide financial services without a need for a centralized authority. The new…

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