Investors Dollar-Cost Averaging Bitcoin Since 2017 Made a 61.8% Return

Data shows investors who dollar-cost averaged into Bitcoin even since the $20,000 peak are profitable. Researchers at Coin Metrics found that investors who dollar-cost averaged into Bitcoin (BTC) since the $20,000 peak in 2017 would still be profitable. According to researchers, an investor who continuously bought BTC over the past three years would have a 61.8% return. Although the price of Bitcoin fell significantly from $20,000, there were extreme low points in 2019 and 2020. Investors who capitalized on these strong downtrends will easily be sitting on handsome profits today. …

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Podcast Host Lists Himself on Balancer: ‘EVAN’ Increases 500% in 2 Hours

Personal tokens are growing in popularity with the host of ‘Week in Ethereum’ listing EVAN tokens on Balancer”. The host of the ‘Week in Ethereum’ Podcast and former Director of ConseSys, Evan Van Ness is the latest person to tokenize himself on the blockchain — a growing trend in the gaming and marketing sectors. Within two hours of launch, a quarter of the EVAN tokens had been sold with the price per token increasing six fold. The ERC20 tokens were created by using OpenZeppelin Contracts V3 code and were originally…

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Grayscale Investments’ Ethereum Trust Filed With the SEC to Obtain Reporting Status

The digital currency asset manager Grayscale told investors on Thursday that the firm has publicly filed a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC) for the company’s Ethereum Trust. The recent filing is voluntary and if the SEC approves the registration, the Ethereum Trust will be the second crypto asset investment vehicle to obtain the status of a reporting company by the SEC. Established in 2013 by Digital Currency Group, Grayscale Investments has been around for quite some time now. The firm manages a number…

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‘The Enron of Europe’ — What We Know So Far About the Wirecard Scandal

Australian YouTuber Dagogo Altraide posted a new video to his 2.5M subscribers detailing the fall of FinTech company Wirecard. A new video takes viewers through German financial technology company Wirecard’s journey from being one of the top businesses in the world to one who’s shares plummeted by more than 98% before filing for insolvency.   In an Aug. 6 video posted to YouTube by ColdFusion, Australian host Dagogo Altraide retells the story of how the Wirecard scandal began when auditors were unable to locate more than $2 billion that was supposed…

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Ransomware Threatens Production of 300 Ventilators Per Day

The DoppelPaymer gang deployed a ransomware attack against ventilator manufacturer Boyce Technologies amid the COVID-19 pandemic. The FDA-approved Coronavirus ventilator manufacturer Boyce Technologies has been targeted by ransomware launched by the DoppelPaymer gang, who are  threatening to leak data from the company. Cointelegraph has viewed the DoppelPaymer blog, where the gang lists example files of the data stolen during the attack, including sales and purchase orders, assignment forms, among others. The cybercriminals have threatened that more information will be disclosed next week through the site if an undisclosed crypto ransom…

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Raoul Pal: ‘It May Not Be Worth Owning Any Asset Other Than Bitcoin’

Raoul Pal, CEO and founder of Real Vision, says Bitcoin may soon become his only asset for long-term investments. CEO and founder of Real Vision Raoul Pal says his “conviction levels” in Bitcoin are rising on a daily basis as he compares the crypto asset to traditional investments on various timescales. Applying economic cycle theory in a series of charts posted to Twitter on Aug. 6, the former Goldman Sachs fund manager stated that although many investors choose gold as an alternative to fiat, Bitcoin (BTC) has been the only…

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Bitmain Delays Delivery of Bitcoin Miners by Three Months, as Co-Founders Battle for Company Control

Bitmain has delayed shipments of its Antminer bitcoin mining machines by three months, as the tussle between co-founders, Jihan Wu and Micree Zhan Ketuan, for control of the company intensifies. According to a post on Bitmain’s official Wechat account, the Beijing-based bitcoin miner maker said customers whose orders were due for delivery in June and July will have to wait until September and October. The equipment is typically ordered three months prior to delivery. That means the postponed shipments may have been ordered around March, making this a costly six-month…

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Someone Transferred a Billion Dollars in Bitcoin for Less Than $5

An unknown Bitcoin wallet paid a mere $4 to transfer over $1 billion. According to information provided by the crypto Twitter account, Whale Alert, 92,857 BTC ($1,092,603,640) were sent from an unknown wallet for a fee just of $4 at current market rates. Although the Bitcoin network is well known for its generally low transaction fees, the cost-per-transaction has increased by over 500% in the last month. Bitcoin Block Bot, another whale alert-style Twitter account, reported on June 27 that a 101,857 BTC transaction had moved 0.5% of all Bitcoin…

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Nigerian Crypto Activity Has Been On the Rise Since April

Nigeria outperformed the rest of the world by the level of interest in Bitcoin over recent months. Nigeria, the biggest source of Bitcoin (BTC) trading volume in Africa, is apparently one of the fastest-growing crypto markets in the world, according to a new report. According to a new study by major crypto wallet Blockchain.com, Nigeria has seen the largest influx of activity on its wallet app since April 2020. Nigeria shows biggest interest in Bitcoin globally Published on Aug. 5, the report says that Nigeria has been the best performing…

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Record $830M CME Bitcoin Futures Open Interest Highlights Bullish Trend

Top traders’ net exposure and institutional investors’ growing open interest in Bitcoin futures contracts show the market remains tilted toward bulls. Bitcoin (BTC) has been in a fairly strong bullish trend since mid-March when the price rebounded from the massive crash which saw the price drop as low at $3,600 on some exchanges.  Regardless of whether one is tracking the price on a 3-hour chart or the weekly timeframe, the price has steadily steamrolled higher, culminating with a test of $12,100 on August 2.  Technically, there hasn’t been a lower…

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