ASIC miners are the best option for Bitcoin network security well into the future, new research has found.
The wholesale embrace of Application-Specific Integrated Circuits (ASIC) mining for Bitcoin (BTC) could increase the cost of a 51% attack by a factor of up to 2,000.

Rod Garratt University of California Santa Barbara presented the research he co-authored with Maarten van Oordt from the Bank of Canada at the Unitize conference on July 10.

It examined the varying costs of a 51% attack on the Bitcoin network based on the type of equipment used to secure the network. The research suggests by simply switching the network 100% ASIC miners ongoing security can be enhanced greatly.
Read more: https://cointelegraph.com/news/switching-bitcoin-to-100-asic-mining-could-increase-security-2000x

Ethereum price saw a bullish breakout against Bitcoin on July 9 and veteran trader Peter Brandt believes this could trigger a new altcoin season.
Popular trader Peter Brandt believes that Ether (ETH) saw a significant breakout in its ETH-BTC pair on July 9. According to the veteran trader, the breakout could be a signal that a new altcoin season could occur in the near-term.
Read more: https://cointelegraph.com/news/significant-ethereum-rally-signals-new-altcoin-season-peter-brandt

Crypto insiders are following a multi-million dollar Bitcoin transaction from one of the richest BTC whales in existence.

The high-rolling crypto holder moved a total of 10,250 BTC worth $95 million for a transaction fee of just 74 cents.

The movement was first spotted by the Bitcoin Block Bot, an automated ledger tracker that monitors large BTC transactions. The most recent block explorer data shows the big time crypto owner sent the BTC to an unknown wallet that has three prior transactions, each valued at just $10 or less.
Read more: https://dailyhodl.com/2020/07/07/one-of-the-richest-bitcoin-whales-in-existence-just-moved-95000000-in-btc-heres-where-the-crypto-is-going/

Decentralized apps built on the Ethereum blockchain reached a transaction volume of $10.17 billion in Q2 of 2020, according to SPAM - please report ! D.

In a new report, SPAM - please report ! D says Ethereum led the way in terms of transaction volume, dwarfing all other blockchains.

“In Q2, the transaction volume of ETH DApp is still leading far ahead, maintaining a $10 billion scale – nearly 10 times the sum of EOS and TRON’s.”
Read more: https://dailyhodl.com/2020/07/07/10170000000-in-value-flowed-through-ethereum-network-in-q2-report/

Bloomberg just published its latest outlook on the crypto markets, predicting Bitcoin will outperform the altcoin market as it continues to solidify its place as the gold of digital assets.

Mike McGlone, the senior commodity strategist for Bloomberg Intelligence, says widespread adoption, limited supply and strengthening demand all point to a BTC price increase, especially relative to other cryptos. He points to Bitcoin’s performance over the last 365 days, with BTC dropping 12% compared to a 21% decline in the price of Ethereum (ETH) and a 56% loss in the price of XRP.
Read More: https://dailyhodl.com/2020/07/07/bitcoin-bull-run-incoming-as-ethereum-xrp-and-altcoins-battle-hangover

The debate over XRP’s future hit a fevered pitch on Twitter after the crypto exchange Binance posted a provocative tweet that quickly went viral.

It all started when Binance asked its 1.1 million followers to describe the fourth-largest cryptocurrency.
Read more: https://dailyhodl.com/2020/07/08/viral-xrp-tweet-triggers-explosive-debate-on-future-of-fourth-largest-crypto-asset/

A TikTok video that urges viewers to invest $25 in Dogecoin (DOGE) appears to be boosting the price of the crypto asset that was originally introduced as a joke in 2013.

A viral video, which was posted by user jamezg97, encourages viewers to invest in DOGE, saying it offers the potential to generate big profits.

“Let’s all get rich! Dogecoin is practically worthless. There are 800 million TikTok users. That’s just $25. Once it hits one dollar, you’ll have ten grand. Tell everyone you know.”
Read More:  https://dailyhodl.com/2020/07/08/dogecoin-surges-61-after-crypto-campaign-lights-up-tiktok/

Dan Held thinks Bitcoin could skyrocket to $1 million in four to five years due to what he anticipates will be an unprecedented influx of institutional investment.

Held, Kraken’s head of business development, sat down with Cointelegraph’s YouTube channel to expand on his belief in a potential Bitcoin super cycle.

“I think this [bull run] versus other cycles will be much stronger because we will have institutional money flowing in. We’ll have much more developed architecture, we’ll have much better marketing…
Read more: https://dailyhodl.com/2020/07/08/bitcoin-super-cycle-could-bring-btc-to-1000000-in-four-to-five-years-heres-how-according-to-dan-held/