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Bitcoin News Roundup for June 24, 2020
With miners transferring more bitcoin now compared to any point in the last year, police misconduct on Ethereum and a new inter-blockchain hub out of China, Markets Daily is back with another news roundup.
Updated Dec 6, 2022, 6:28 p.m. Published Jun 24, 2020, 4:00 p.m.
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With miners transferring more bitcoin now compared to any point in the last year, police misconduct on Ethereum and a new inter-blockchain hub out of China, Markets Daily is back with another news roundup.
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This episode is sponsored by Bitstamp and Ciphertrace.
Miners Are Sending Bitcoins to Exchanges Again – and That May Be Bearish
A sudden spike in miner outflows of bitcoin to exchanges makes the cryptocurrency vulnerable to a price drop, according one analyst.
Activists Document Police Misconduct Using Decentralized Protocol:
Built on the InterPlanetary File System and the Ethereum blockchain, the protocol lets anyone file police misconduct reports anonymously.
How Chainlink and Cosmos Fit Into China's Grand Blockchain Initiative
Chainlink will help the state-backed Blockchain-Based Service Network with oracles, and Cosmos-powered Irisnet will assist with interoperability.
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Ark Invest buys $18 million of crypto stocks including 10th consecutive Bullish purchase
Ark also bought $12 million worth of crypto-friendly investment platform Robinhood and $4 million worth of ether treasury firm Bitmine Immersion Technologies.
What to know:
- Ark Invest added another $18 million worth of crypto-adjacent stocks to its holdings on Thursday.
- Ark's Bullish purchase extends its run of consecutive days of buying equity in the crypto exchange.
- The investment company also bought $12 million worth of crypto-friendly trading platform Robinhood and $4 million worth of ether treasury firm Bitmine Immersion Technologies.
