Top Stories This WeekBored with Bitcoin? This price level is key for a big breakoutIt has been a sleepy week in the crypto markets - and there's barely been any movement in Bitcoin.
Traders were braced for a big drop this week after Bitcoin dipped below $9,000 for the seventh time in two months.
OKCoin exec says PayPal will boost crypto adoption if the rumors are trueSome fear PayPal is out to steal the lunch money of crypto exchanges with rumored plans to add Bitcoin to its platform.
OKCoin chief operating officer Jason Lau believes any PayPal foray into digital assets would be "Sure to have a positive impact in highlighting cryptocurrencies to a big new audience," telling Cointelegraph: "PayPal adding crypto would bring additional awareness, adoption and a new low friction payment method for individual users." Lau explained that many crypto users often get involved through mainstream, user-friendly and simple avenues at first.
The FCA's research suggests that 75% of British crypto holders have digital assets worth less than £1,000 - and 83% buy their crypto from exchanges that aren't based in the U.K.Report: $300 billion worth of food will be traced using blockchain and IoT by 2027A new report by Cointelegraph Consulting and VeChain forecasts that food items worth $300 billion will be tracked using blockchain technology every year by 2027.
For more info on crypto prices, make sure to read Cointelegraph's market analysis.
"The transition to Eth2 is incredibly important for the crypto ecosystem because it allows one of the most important and most adopted blockchains-with millions of users and tens of thousands of dApps-to introduce new scalability options for the protocol and that's a big deal."
"The price of $7,200 at the end of 2019 suggests that Bitcoin has penetrated less than 0.44% of its total addressable markets. If this penetration manages to reach 10%, its non-discounted utility price should reach nearly $400,000."
Prediction of the WeekBitcoin set for $288,000 bull run in 2020, popular BTC price model saysPlanB has updated his stock-to-flow forecast - and according to his popular model, the next big shift in Bitcoin's price is set to come before the end of 2020.
Russian court: Theft of 100 BTC isn't a crime because Bitcoin isn't propertyA Russian court has effectively declared that Bitcoin theft is not a crime.
Bitcoin Stagnates, Criminals Targeted, $288K Prediction: Hodler's Digest, June 29-July 5
Published on Jul 5, 2020
by Cointele | Published on Coinage
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