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Cryptocurrency News Roundup for August 14, 2020

Source Node: https://beincrypto.com/cryptocurrency-news-roundup-for-august-14-2020/
Time Stamp: August 14, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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In a polarising move that has drawn mixed reaction from the company’s user-base, cryptocurrency exchange BitMEX announced today that it’s making KYC verification mandatory on the platform. The noises surrounding the move are hardly surprising given that privacy and easy-registration were two of the primary factors that contributed to the exchange’s growing popularity. Some BitMEX users are, however, in favor of the decision as it may help the exchange improve its security and appeal to would-be customers. All said and done, the u-turn into a conventional exchange underlines the impact

FAANG stocks And Digital Assets Are Flying

Source Node: https://www.bitcoinmarketjournal.com/faang-stocks-and-digital-assets-are-flying/
Time Stamp: August 13, 2020 1:57 PM - Modified On: May 21, 2021 - Published By:
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Which would you prefer, a large pizza split into eight slices, or a large pizza split into 12 slices? A normal, rational person might suggest that it really doesn’t make much of a difference, as it’s really the same amount of pizza. This poor Australian girl, however, will probably never live down the time her “friend” Brad filmed her saying that she’d prefer eight slices, because she couldn’t possibly eat 12 slices of Pizza. Well, today Jen can finally point out that the eternity of new-wave momentum traders are giving

Boom! Kraken Predicts Imminent Bitcoin Price Rally of Up to 200%

Source Node: https://cointelegraph.com/news/boom-kraken-predicts-imminent-bitcoin-price-rally-of-up-to-200
Time Stamp: August 13, 2020 1:33 AM - Modified On: May 21, 2021 - Published By:
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Major U.S.-based crypto exchange Kraken has released a report predicting that Bitcoin (BTC) will rally by between 50% and 200% in the coming months.The report notes that Bitcoin posted a 21-month low for volatility on July 24 of just 23%, and stated that BTC’s 12 historic volatility lows (of between 15% and 30%) have typically been followed by a rally of 140% on average.With August usually the third-most volatile month for BTC price fluctuations, Kraken is predicting that upward momentum produced by Bitcoin at the end of July will continue

Global P2P Bitcoin Trading Volume at Highest Point Since Jan. 2018

Source Node: https://cointelegraph.com/news/global-p2p-bitcoin-trading-volume-at-highest-point-since-jan-2018
Time Stamp: August 13, 2020 12:59 AM - Modified On: May 21, 2021 - Published By:
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Combined global peer-to-peer (P2P) Bitcoin trading volumes have surged to their highest levels since January 2018, with nearly $95 million worth of Bitcoin (BTC) changing hands on Localbitcoins and Paxful in the first week of August.The spike comes as many Latin American markets have seen trade activity rally into new highs over recent weeks, with the Bitcoin P2P markets in Argentina, Mexico, Chile, Bolivia, Honduras, Paraguay, Uruguay and The Bahamas all posting record highs since the start of July.Venezuelan trade still represents the lion’s share of Latin America’s nearly $13

Cointelegraph Launches Newsletter for Professional Investors

Source Node: https://cointelegraph.com/news/cointelegraph-launches-newsletter-for-professional-investors
Time Stamp: August 12, 2020 10:31 AM - Modified On: May 21, 2021 - Published By:
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Every 1st and 15th, Cointelegraph Consulting provides the latest inside scoop on cryptocurrency price action and rationale in its Market Insights newsletter. Here’s a preview of one of this month’s editions. Editor’s noteCrypto asset prices have flown upward in recent weeks, with various altcoins posting gains reminiscent of the great 2017 digital asset bubble. Assets such as Chainlink (LINK) and Band Protocol (BAND) have tallied triple digits percentage gains. Bitcoin (BTC), the industry’s pioneer asset, has also shown significant upside action. The asset travelled up slightly past $12,000 on Aug. 2 before

DeFi Token Serum Surges 1500% in 12 Hours After Listing

Source Node: https://cointelegraph.com/news/defi-token-serum-surges-1500-in-12-hours-after-listing
Time Stamp: August 11, 2020 9:42 PM - Modified On: May 21, 2021 - Published By:
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The latest DeFi token to moon is for the decentralized derivatives exchange Serum ,which surged by four figures following its launch and exchange listings.The Serum Project is a new, non-custodial DEX that launched on August 11 and its native SRM token has since surged 1500%. The Serum Project is a collaboration between centralized derivatives trading platform FTX, and Solana, a low-fee, high-speed, interoperable smart contract blockchain. Launched less than 12 hours ago at the time of writing, the token has skyrocketed from the launch price of $0.11 to more than $1.80

The Stars are Aligning for Ethereum’s Price; But Will Bears Prevail?

Source Node: https://bitcoinist.com/the-stars-are-aligning-for-ethereums-price-but-will-bears-prevail/?utm_source=rss&utm_medium=rss&utm_campaign=the-stars-are-aligning-for-ethereums-price-but-will-bears-prevail
Time Stamp: August 11, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum has been struggling to garner any further upwards momentum in recent times This comes as the cryptocurrency struggles to break above the heavy resistance that has emerged around $400 ETH has been moving in lockstep with Bitcoin – which is also struggling to break its resistance at $12,000 Until both of these digital assets are able to push higher and shatter the massive selling pressure they are currently facing, they will likely extend their macro consolidation phases Analysts are noting that there are a plethora of different factors counting

Five Signs The 30% Band Protocol (BAND) Correction Is Just Starting

Source Node: https://bitcoinist.com/five-signs-the-30-band-protocol-band-correction-is-just-starting/?utm_source=rss&utm_medium=rss&utm_campaign=five-signs-the-30-band-protocol-band-correction-is-just-starting
Time Stamp: August 11, 2020 11:00 AM - Modified On: May 21, 2021 - Published By:
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Band Protocol is one of August’s best-performing crypto assets, right behind the showstopping Chainlink and other hot tokens. The altcoin is up over 300% month to date, but a 15% correction began overnight. Is this just a healthy pullback, or will the asset retrace further than most investors are prepared for? Here are five bearish signals that the Band crash may only be beginning.  DeFi And Decentralized Oracles Spark Mini-Crypto Bubble, 300% Returns Month-to-Date The cryptocurrency market is on fire, with nearly every asset posting major gains over the last

Bitcoin Bulls Fight for Key Resistance as Analysts Target Rally to $14k

Source Node: https://bitcoinist.com/bitcoin-bulls-fight-for-key-resistance-as-analysts-target-rally-to-14k/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-bulls-fight-for-key-resistance-as-analysts-target-rally-to-14k
Time Stamp: August 10, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has witnessed some immense turbulence throughout the past few weeks, but has mostly been seeing a consolidation phase throughout the past several days The cryptocurrency is now battling to surmount $12,000 – a resistance level formed just over one week ago This level has been briefly surmounted on multiple occasions, but each time has been followed by an influx of selling pressure that sends it lower The cryptocurrency is now at a pivotal point, as analysts are noting that a break above this level could be all that is

Bitcoin Price Tackles $12,000 After Breaking Through a Key Resistance Zone

Source Node: https://cointelegraph.com/news/bitcoin-price-tackles-12-000-after-breaking-through-a-key-resistance-zone
Time Stamp: August 9, 2020 11:53 PM - Modified On: May 21, 2021 - Published By:
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Within the last hour Bitcoin (BTC) price pushed through the $11,800 resistance and finally made its way back above $12,000. Crypto market daily price chart. Source: Coin360The sharp upside move came after a relatively quite weekly close as altcoins like Chainlink (LINK) and Band Protocol (BAND) had been basking in the spotlight with daily double digit-gains.  As mentioned earlier by Cointelegraph contributor Rakesh Upadhyay, Bitcoin price had been consolidating into a pennant on the daily timeframe, thus a breakout to $12K was expected by many traders. Upadhyay said: “The BTC/USD pair has formed a