In mid-August, a Redditor named “sick_silk” took the world by surprise when he posted that a dormant wallet containing 111,114.62 $BTC / $ BCH had got active indicating that the wallet belonged to the Dark Web drug’s marketplace SilkRoad. But now it turns out that there is no SilkRoad involvement. In the latest development regarding this matter, WizSec, a security specialist firm based in Tokyo, tweeted saying that the investigated wallet belonged to Mt Gox and not SilkRoad- a possibility which even the Redditor felt could be.

More important to read: https://coingape.com/bitcoin-whale-movement-belongs-mt-gox/

Stable coins, when launched in 2014, were considered to be the bridge between the traditional financial world and modern blockchain. Being backed by a fiat currency, they were devoid of volatility and gained popularity in 2018 as the volatility in crypto markets became rampant.

As they became popular, the leader of their pack, Tether got blamed for manipulating the price of cryptocurrencies, as well as their backing by dollar, was questioned. Considering the blames and misuses and combining them the positives, Winklevoss twins have introduced their version of the stable coin, the one that would be audited in the US and licensed by NYDFS, unlike its peers. Let’s welcome Gemini Dollar.

https://coingape.com/winklevoss-stable-coin-gemini-dollar-pull-strings-tether/

In a recent transaction data, a popular darknet site Silk Road which sells drugs online seems to have moved USD 1 billion worth bitcoin from its cold wallet. In its early years, Bitcoin was known as the currency of the Darknet. People used it for all sought of activities taking full advantage of its anonymity. But growing maturity of cryptocurrencies the Bitcoin started moving from the hands of criminals to speculators and investors but its usage still seems to pretty rampant in Darknet. 

read more: https://coingape.com/silk-road-bitcoin-wallet-activates-huge-dump-anticipated/

The warfare between the US and a number of countries like China, Iran, Venezuela, North Korea, Cuba, Turkey, and Russia among others is ensuing, that has these nations going anti-dollar, creating their own national cryptocurrencies and backing out of the US-based SWIFT system. Meanwhile, Bitcoin and crypto adoption are on the rise.

read more: https://coingape.com/anti-dollar-full-force-bitcoin-gaining-traction/

Bitcoin ETF Won’t Get Approved, Will Lead to an Inevitable Sell-Off – MD of Digital Asset Fund

Over a couple of months are going to be hectic for SEC as it will have to give a decision on some deferred Bitcoin ETF applications. It won’t be just the deferred a few new ones too would also be in line waiting to get a nod from the regulator.

Read more: https://coingape.com/bitcoin-etf-wont-get-approved-md-of-digital-asset-fund/

The US debt is increasing at a rapid pace and with the big crash coming up, Kim Dotcom is emphasizing people to invest in Bitcoin, cryptocurrencies, and gold as economies are going to crash making US Dollar worthless in the process.

https://coingape.com/buy-bitcoin-us-dollar-will-become-worthless-kim-dotcom/

Bitcoin price started a major bearish move from the $8,200 swing high against the US Dollar. BTC/USD traded below $7,640 and recoveries are likely to be capped by $7,800.

https://coingape.com/bitcoin-price-analysis-btc-usd-signaling-bearish-continuation/

Bitcoin price has taken a further fall and dropped below $7,600 level. However, its network hash rate is at its all-time high after going through various ups and down in the short term. With the bears making an entry into the market, how is bitcoin hash rate going to affect it?

https://coingape.com/bitcoin-hash-rate-on-all-time-high/

Two days after postponing the decision on Direxion’s Bitcoin (BTC) ETF Proposals and five other bitcoin ETFs filed by NYSE Arca, Inc, SEC has come vicious this time as it shattered the dream of Winklevoss twins of launching a bitcoin ETF. This is the second time in two years that Winklevoss twin’s application has been rejected.

Now all eyes will be on CBOE- SolidX Bitcoin ETF which should be next in line for SEC for approval. Although the precedents that the SEC is setting are not really positive, some experts still believe CBOE application is something that can get approved.

Reff: https://coingape.com/cboe-bitcoin-etf-holds-chance-sec-rejects-winklevoss-proposal/

Bitcoin bull run according to the eToro senior analyst Mati Greenspan is led by Japanese and Koreans. Bitcoin Volume in East Asia during the price spike has also been on the rise as he further explains the reason for the same.

https://coingape.com/bitcoin-bull-run-over-mati-greenspan-analysis/

Bitcoin has gone above $8,000 after a continuous upward movement since last week. Analysts believe a bull rally has started. Hedge Fund Manager Mike Novogratz shares that the next step for bitcoin price is $10,000 and then straight to $20,000 while in coming months custody and regulatory clarity are going to bring in a herd of institutional investors.

Reff: https://coingape.com/bitcoin-smashes-8k-mike-novogratz-says-next-10k-to-20k/

On July 20, the Indian crypto community had its eyes on the supreme court as the much-awaited judgment on the petition against the RBI (central bank) ban to provide INR and banking support cryptocurrency businesses, was to be pronounced. But Since SEBI and few others have not filed their response the date for the hearing and argument has differed to September 11, 2018.


https://coingape.com/indian-supreme-court-pushes-rbi-crypto-ban-petition-september-11/

Indians are eagerly waiting for today hearing as RBI is going to discuss the decision for the use of cryptocurrencies in india.
https://coingape.com/indian-crypto-judgement-day-what-will-be-verdict/

Bitcoin ETF reached the US SEC office again. CBOE, VanEck and SolidX, the co-applicants this time, individually had faced rejection before. Still, the applicants and a lot of people having a close eye over this event, believe this time SEC’s stance could change.This application was not the first attempt to reach the SEC. It had been rejected before. The applicants too weren’t new to this.


Why were the previous application rejected?

Read more: https://medium.com/coingape/bitcoin-etf-debate-why-sec-might-approve-the-cboes-bitcoin-etf-proposal-acad050effe3

Bitcoin among other cryptocurrencies should be legal according to the former US Representative, Ron Paul to compete with Fiat money. He strongly supports denationalizing the money while sharing that the market decides the “money” as happened hundreds of years ago with fiat money.

Continue reading: https://bit.ly/2uA6Cul

David Schwartz, Chief Cryptographer at Ripple, presented on Enabling the Internet of Value before answering a few queries on Ripple and XRP.

UNCHAIN Convention, 2-day conference featuring the world‘s leading cryptocurrency and blockchain experts and entrepreneurs, recently released a video of David Schwartz, who made a presentation on Enabling the Internet of Value explaining Ripple’s and XRP’s role in it. He also gave a few candid replies to questions asked by attendees giving insights on how Ripple and XRP have and are putting things together.

Read more: https://bit.ly/2uA9h7c

XRP plans to beat Bitcoin in India even as things are unclear regarding government stance

“Ripple has huge plans for India and it is planning its strategic moves as the firm paves its path to beat Bitcoin in the country.” This is what Asheesh Birla, Vice President of Product at Ripple said while speaking at a panel on Scaling and Digital Disruption in Fintech.

He also put forward that while Ripple is strategizing to beat bitcoin’s dominance globally, India will be a key market for them in winning the race. https://bit.ly/2L9LlSG

Bitcoin ETF fate is finally going to be decided on August 10. Currently, SEC is asking for comments on the listing and trading of Bitcoin ETF introduced by VanEck SolidX Bitcoin Trust that will be catering to only accredited investors.

The proposed date by SEC to give its decision is August 10 that by extension will also decide the fate of cryptocurrencies and if trillion dollar funds will finally pour in the crypto market.

Read more: https://bit.ly/2N8SCPZ

"The Securities Exchange Commission (SEC) in the United States has received an application for a Bitcoin ETF license from CBOE Global Markets, which would take Bitcoin to an even greater institutional investor base for investment. The complete details of the application were made available on the SEC website to solicit comments on the proposed rule change from interested persons."

Refference: https://bit.ly/2u3n86M

Live from India: Congress Party Alleges of a “Mega Bitcoin Scam” on Ruling Party https://bit.ly/2KSf7HW