Daily Crypto NewsEDITION #EP5, 03 July 2020

Moni Talks EP5: Special Edition

— See the vital crypto-market stats here.

— Moni app launches its waitlist. You can now sign up to become one of the first people to join the community.

— The past week has been rich in researches. ‘Crypto Research Report’ stated that Bitcoin could reach as high as $400,000 per coin, and the UK Financial Conduct Authority informed that 75% of Britons own at least a small amount of crypto.

— A new trend of falsifying the famous Stock to Flow model, developed by an analyst PlanB, is gaining traction. This time it was Nico Corderio, who criticized S2F in his ‘Chameleon Model’ article.

— Bitcoin has shown a 42% growth in Q2 and 3450% growth since 2015. On top of that, 61% of all bitcoins have not moved in over a year. The last time we saw this amount staying idle for that long was in early 2016 — preceding BTC’s bull run to $20k… But do not forget that July and August have historically been ‘not so good’ for Bitcoin since it’s inception.

— A US court has likened Coinbase to a “traditional bank,” and Coinbase Custody was selected by 21Shares for Bitcoin ETP.