Cryptosphere news: humps and slumps

6 August 2019

Weekends are notorious for humps and slumps in cryptocurrency prices, but rarely for announcements that might affect the prices: too few people and institutions are trading. The first week of August seems to have been different, unless I'm misjudging the effects of the declarations. With news from China, Iran and the IRS, plus news from within the cryptocurrency world, the past few days offered a bumper crop — as well as a bounding bitcoin price.

Bitcoin's Annihilating Every One of Your Favorite Altcoins

ccn, 4 August 2019

Altcoins Are No Match For Bitcoin When It Comes To ROI: Analyst

dcforecast, 4 August 2019

Ethereum Price Analysis: ETH Could Surpass $300 This Week

On Tuesday morning it was a $233.

bitcoinist, 4 August 2019

Bitcoin [BTC] Breaks Above 11,500, Gold Tests Record Highs

coingape, 5 August 2019

Binance Research Shows That Trump Caused The Latest BTC Spike

dcforecasts, 3 August 2019

London-based Elliptic Publishes Data Set of 200,000 Bitcoin Transfers to Help Detect Illicit Use

2% of transactions found to be illegal.

cryptoglobe, 3 August 2019

Report: $1.2M Earned Through Bitcoin ‘Sextortion,’ Bomb Threat Scams

cointelegraph, 4 August 2019

Crypto-Based Lawsuit Against Chase Bank Gets the “Go Ahead”

"The class-action suit says that Chase bank threw “surprise fees” at all its clients who may have purchased bitcoin or other digital assets in 2018. Chase bank treated these purchases as cash advances. A federal judge in lower Manhattan has decided that this was illegal on the company’s part."

livebitcoinnews, 4 August 2019

China’s Central Bank Prioritizes Development of Digital Currency

cointelegraph, 4 August 2019

New Iranian Law: Government Will Not Recognize Crypto-Related Trade

cointelegraph, 4 August 2019

Tax Expert: IRS Letters Confirm That Trading Cryptos Is a Taxable Event

news.bitcoin.com, 5 August 2019

Bangladesh to Use IT Fund to Bankroll Blockchain Education for Graduates

cointelegraph, 4 August 2019

Bitcoin SV Blockchain Temporarily Split Into Three

Bitcoin SV experienced a serious network split on Saturday after a massive 210 MB block was mined on the network, temporarily splitting the network into three different chains.

bitcoinist, 4 August 2019

Bitcoin’s Computing Power Sets New Record as Over 100K Miners Go Online

coindesk, 5 August 2019

Japanese finance giant Monex applies to the Libra Association

bravenewcoin, 3 August 2019

Banks’ Fear of Crypto Grows as Ventures Can’t Register .Bank Names

livebitcoinnews, 4 August 2019

Brazilian Non-profit Tags Clothes for Workplace Abuse Using Blockchain

"The Brazilian non-profit Alinha Institute has launched their Alinha Tag, aiming to inform customers of the labor conditions of the workshops that produced their clothes."

cointelegraph, 3 August 2019