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Cryptocurrency News Roundup for Aug 3, 2020

Source Node: https://beincrypto.com/cryptocurrency-news-roundup-for-aug-3-2020/

Time Stamp: August 3, 2020 3:43 PM - Modified On: May 21, 2021 - Published By:

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Bitcoin started the week on a positive note after an unusually volatile weekend by recent standards. The BTC/USD price temporarily reached a local high of over $12,000. The eventful weekend was preceded by a credit-rating downgrade from Fitch who placed a “negative outlook” on the United State’s triple-A rating on Friday. Fitch added that a “resurgence of inflation” could be on the cards, which would in turn force the Fed to increase interest rates. It would be interesting to see the effects that would have on Bitcoin and its brethren.

Ethereum is Gearing Up for a Move Past $400; Here’s What Will Drive It Higher

Source Node: https://www.newsbtc.com/2020/08/01/ethereum-is-gearing-up-for-move-to-400/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-is-gearing-up-for-move-to-400

Time Stamp: August 1, 2020 6:50 PM - Modified On: May 21, 2021 - Published By:

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Republished By Plato

Ethereum has seen some intense strength throughout the past couple of weeks, and the strong uptrend it is currently caught within isn’t showing any clear signs of coming to an end anytime soon. As it pushes up against its high time frame resistance, analysts are widely noting that it could be well-positioned to see further upside in the near-term due to its strong market structure. One analyst in particular is noting that the cryptocurrency is now poised to reach $400 due to its break above multiple key resistance levels. As

Russian President Signs Bill To Ban Cryptocurrency As a Form of Payment In Country

Source Node: https://www.cryptoknowmics.com/news/russian-president-signs-bill-to-ban-cryptocurrency-as-a-form-of-payment-in-country

Time Stamp: August 1, 2020 7:15 AM - Modified On: May 21, 2021 - Published By:

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Rate this post Crypto payments would not be accepted in Russia from the year 2021, according to a law signed by the President of the country Vladimir Putin. However, the signed law reads that it would allow all the transactions with digital financial assets (DFA) in the country from the same year. It is to be noted that although the Russian government will be banning cryptocurrency, it still uses blockchain technology. Recently, the government has deployed the technology for the constitutional amendment of Russia. DFA Transactions Will Be Allowed On

Ethereum Rallies Continue as It Faces another Hurdle at $360

Source Node: https://coinidol.com/ethereum-faces-hurdle/

Time Stamp: August 1, 2020 5:42 AM - Modified On: May 21, 2021 - Published By:

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Aug 01, 2020 at 09:42 // News Ethereum has continued its bullish run as buyers were able to push ETH above the previous resistance at $340. They were initially stopped at the $340 resistance as the market dropped to $330 low. There was a quick recovery as price broke the resistance and push to the previous highs. Today, ETH has broken above $340 and it is approaching the high of $360 at the time of writing. The upside rise will face minor resistance but it will propel price for a

Federal Authority Arrests A Minor And Two Of Other Compliances For Twitter Hack

Source Node: https://www.cryptoknowmics.com/news/federal-authority-arrests-a-minor-and-two-of-other-compliances-for-twitter-hack

Time Stamp: August 1, 2020 3:55 AM - Modified On: May 21, 2021 - Published By:

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Rate this post After a 15-days long investigation, the FBI, IRS, US Secret Service, and Florida law enforcement found the three culprits behind the Twitter hack which used the accounts of prominent personalities to run the crypto scam. The authorities have mentioned that a 17-year-old boy, Graham Clark, was the mastermind of the whole plan. Clark, who has been arrested from the Tampa region of Florida on July 31, faces 30 felony charges. Two Suspects May Go To Jail Two other people who helped Clark in this crime were 22-year-old

There’s More To Bitcoin’s Rally Than Just Inflation Fears

Source Node: https://medium.com/the-capital/theres-more-to-bitcoin-s-rally-than-just-inflation-fears-418c7b168753?source=rss-------8-----------------cryptocurrency

Time Stamp: August 1, 2020 12:15 AM - Modified On: May 21, 2021 - Published By:

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While some analysts are pointing to inflation fears to explain bitcoin’s recent rally, there are so many other factors at play that affect the cryptocurrency’s rise.Neil Johnston was a creature of habit, and it was one of the things which his wife of twenty-four years Dorothy, both loved and loathed about him. While Dorothy appreciated Neil’s dependability, she was wondering if things were getting a little stale.So naturally Dorothy grew a little worried when Neil, who would walk through the door almost like clockwork at 7 pm every evening for

Ethereum is Gearing Up for a Move Past $400; Here’s What Will Drive It Higher

Russian President Signs Bill To Ban Cryptocurrency As a Form of Payment In Country

Ethereum Rallies Continue as It Faces another Hurdle at $360

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