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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.

Ampleforth: A Guide to the AMPL DeFi Protocol

Source Node: https://www.asiacryptotoday.com/ampleforth-a-guide-to-the-ampl-defi-protocol/
Time Stamp: August 2, 2020 9:53 AM - Modified On: May 21, 2021 - Published By:
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Imagine the possibilities of reinventing money. One that is powered by blockchain and crypto-based solutions. That is what Ampleforth hopes to achieve within and beyond the crypto community. Since the inception of decentralized finance (DeFi), various notable projects have spawned, giving life to a new sector in the cryptosphere. At the moment, investors and crypto traders alike are quite stoked with DeFi and liquidity mining. We have witnessed several protocols like Maker, Aave, and Compound attracting hundreds of thousands of users, enabling the DeFi ecosystem to proliferate far and wide.

Visa And MasterCard Taking Big Steps For Mass Crypto Adoption

Source Node: https://insidebitcoins.com/news/visa-and-mastercard-taking-big-steps-for-mass-crypto-adoption
Time Stamp: August 1, 2020 9:16 AM - Modified On: May 21, 2021 - Published By:
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Visa and Mastercard stand as global leaders in the payment services industry, and have been taking steps to accelerate crypto payment processor support. They did this through opening up new options for its global user base in regard to payment. Both Visa and MasterCard announced their own projects and collaborations for the use of cryptocurrencies back in July, which is driving crypto adoption to new heights. The Giants Starting To Take Notice With two of the world’s largest traditional payment processors holding a positive sentiment for crypto payment platforms and

Bitcoin Whales Are Accumulating More Than 50,000 BTC Every Month: Report

Source Node: https://cryptopotato.com/bitcoin-whales-are-accumulating-more-than-50000-btc-every-month-report/
Time Stamp: August 1, 2020 7:11 AM - Modified On: May 21, 2021 - Published By:
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The latest data suggests that Bitcoin’s recent bullish stint has excited large scale investors. Whales have been accumulating copious amounts of BTC in anticipation of a larger rally. Also, there’s an almost 38 percent increment in Bitcoin addresses holding more than $1 million worth of BTC.Bitcoin Hodler Net Position Change Remains PositiveData from on-chain analysis and crypto market insights provider, Glassnode suggests that Bitcoin’s recent rally hasn’t induced much of a selling reaction from long-term investors.Bigshot market participants are holding tight and eagerly waiting to reap greater profits from further

Bitcoin breaks $11,500 as sentiment metrics show it’s still undervalued

Source Node: https://cryptoslate.com/bitcoin-breaks-11500-as-sentiment-metrics-show-its-still-undervalued/
Time Stamp: August 1, 2020 2:44 AM - Modified On: May 21, 2021 - Published By:
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The DeFi-induced bullrun has arguably pushed the crypto market upwards the past week, with Bitcoin, Ethereum, and other major cryptocurrencies giving gains of over 10-15 percent to investors.Data feeds from one quantitative on-chain data provider prove the above, with sentiment metrics, in particular, paving the path for even higher prices.Bitcoin public sentiment increasesData on The TIE — a provider of alternative data for digital assets that quantifies investor perceptions on hundreds of digital assets — shows Bitcoin is showing bullish action in both short- and mid-term trades.The chart below maps

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

Crypto Tidbits: Bitcoin Explodes Past $11k, Ethereum 2.0 Nears, Cardano’s Shelley Launches

Source Node: https://www.newsbtc.com/2020/08/01/crypto-tidbits-bitcoin-11k-ethereum-2-cardano-shelley/?utm_source=rss&utm_medium=rss&utm_campaign=crypto-tidbits-bitcoin-11k-ethereum-2-cardano-shelley
Time Stamp: August 1, 2020 12:00 AM - Modified On: May 21, 2021 - Published By:
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Another week, another round of Crypto Tidbits. It’s been an explosive week for the Bitcoin and crypto market, to say the very least. Bitcoin surged from under $10,000 to as high as $11,500 this week. Over the past seven days, the asset has gained approximately 20% — the best weekly performance in many months. Chart of BTC's price action over the past two weeks from TradingView.com Bitcoin’s recent price action comes as a breath of fresh air for crypto traders, which had to deal with BTC flatlining in the $9,000s for