LocalBitcoins Says Its Transactions From Darknet Markets Dropped 70%

LocalBitcoins, a major peer-to-peer (P2P) cryptocurrency exchange, has purportedly managed to significantly cut the amount of criminal funds on its platform in 2020. The P2P platform has seen a decline of over 70% in transactions from darknet markets between September 2019 and May 2020, LocalBitcoins claims. Jukka Blomberg, chief marketing officer at LocalBitcoins, told Cointelegraph that the drop comes in response to Anti-Money Laundering and Know Your Customer regulations adopted by the platform in September 2019. The calculations are based on blockchain analysis by major crypto analytics firm Elliptic as…

Crypto Prediction Markets Face Competition From Facebook ‘Forecasts’

Facebook’s research and development engineers have launched a community platform built around predictions, encroaching on the territory of the emerging crypto-powered predictive market sector. Dubbed ‘Forecast’, Facebook’s new iOS app polls users on a variety of forward-facing issues, with respondents using in-app points to access surveys on the platform. Survey results will be made publicly available via the Forecast website. Facebook launches COVID-19 predictions The app is currently only available to invited users based in the United States and Canada while the platform is in beta testing. Prior to its…

Join DJ Thistle & NebraskanGooner on This Week’s Crypto Markets Live!

What do lunar cycles and market cycles have in common? Tune in to the livestream above to find out! This week’s guests include technical cryptocurrency trader NebraskanGooner and disc jockey turned part-time Bitcoin investor DJ Thistle. The discussion will cover technical analysis of the Bitcoin, Ethereum, Tezos, and NEO cryptocurrency markets. We’ll then unpack the relationship between Bitcoin and altcoins before moving on to discuss the rumors that PayPal and Venmo may be integrating cryptocurrency payments into their systems. Finally, we’ll compare the trading styles of our two guests in…

Aeternity Co-Founder Raising €100M VC Fund Focused on Emerging Markets

Aeternity Blockchain co-founder Nikola Stojanow announced a new €100 million ($112.5 million) venture capital fund focused on blockchain development in emerging markets on June 15. Meta Change Capital (MCC) claims it will work with projects across all next generation blockchains, providing funding and support in series A and beyond. It is currently securing investors and will close its first round funding in Q4 2020. Biggest potential for change MCC will support blockchain opportunities in underdeveloped regions of Europe, Asia, MENA and Africa, especially the areas which will benefit most from…

Join Crypto Markets Live Now to Learn How Experts Trade Crypto With CryptoBirb & Big Chonis

Welcome all traders to this week’s Crypto Markets Live show featuring traders CryptoBirb and Big Chonis. Whether you’re just getting started or have been trading for years, you’re bound to learn something new today. We’ll be analyzing Bitcoin and other top cryptocurrency markets while exploring the step-by-step processes that inform every decision to trade. CryptoBirb has been trading MTF momentum swings actively since early 2017 with a positional background. He is an occasional scalper, who uses a custom momentum indicator combo called the Birbicator. He is also interested in spot,…

Bitcoin Post-Halving Report (Q2 2020) by Cointelegraph Markets Research

Cointelegraph Markets’ post-halving Bitcoin (BTC) analysis report takes a deep look at the 2020 halving, its effect on the crypto market and miners, and how it compared to the previous halving events. The three main sections of this report are: What’s next for Bitcoin miners? BTC correlation with stocks, gold & rising institutional interest Tether market cap growth boosts Bitcoin The Bitcoin halving Scheduled to take place roughly every four years, the Bitcoin halving is a built-in event that cuts Bitcoin’s block reward by half. The halving that occurred on…

US Markets Rebound to Recover All Coronavirus Losses — What About Bitcoin?

The Nasdaq, an index which primarily represents tech stocks like Amazon, Microsoft, and Alphabet, has surpassed 10,000 points to hit a new record high. The move above 10,000 effectively erased all the losses suffered from the coronavirus pandemic, yet, the price of Bitcoin (BTC) remains 50% down from its record high at $19,665. Bitcoin was seemingly correlated with the U.S. stock market throughout March, but now the digital asset is seeing a decline in momentum following a 167% increase in price within three months. The bullish trend and V-shaped recovery…

What’s Happening in Crypto Markets Right Now? Join Live TA From Big Cheds & Korean Jew Trading

Welcome one and welcome all to this week’s Crypto Markets Live show featuring traders Big Cheds and Korean Jew Trading. Click the link to head over to the YouTube chatroom for your chance to win $100 of Cointelegraph merchandise. All you have to do is guess the price of Bitcoin at 2 p.m. on June 11th. You have until midnight eastern time on Sunday to make your guesses. Big Cheds is a Japanese candlestick trader, newbie helper, author, and founding analyst at Bitcoin Live. He has been trading markets for…

Pomp Explains Why Mainstream Markets Are Up Amid Chaos

Even in light of recent riots, protests, and uncertainties, mainstream U.S. financial markets show upward prices due to overarching forces, according to Morgan Creek Digital co-founder, Anthony Pompliano.  “Yes there are protests, there are all these things, but the bigger force is the fact that now all these businesses are opening up,” Pompliano said in a June 2 episode of “Lunch Money” on his YouTube channel. “There’s going to be more economic activity and there should be a recovery in that data.” Economy returning to function After weeks of shelter-in-place…

Ripple’s ODL Network Records ATH for XRP/AUD on BTC Markets Exchange

On-Demand Liquidity (ODL) for XRP paired with the Australian dollar reached a new all-time high of 15,640,530 AUD on the exchange BTC Markets. According to a recent tweet from the Liquidity Index Bot, the liquidity index for BTC Markets for XRP/AUD climbed to 15,640,530 AUD — approximately 10.6 million USD — on June 2, exceeding the previous ATH value. The XRP liquidity in Australian markets has seen a fairly steady rise since the beginning of 2020, despite the price remaining close to 0.20 USD since May 10.  Source: LiquidityB ODL…