Daily News Headlines | Latest Crypto News (17th July) | Cryptoknowmics

Here are the top 5 crypto news for the day!

Let’s dive into the news headlines one by one and see how they’ll be affecting the crypto space as we know it, in the coming days.

Stock-to-Flow Model Indicates Great Time to Buy Bitcoin: Lex Moskovski

Lex Moskovski, the Chief Investment Officer of Moskovski Capital, sees a “great buying opportunity” in Bitcoin. The entrepreneur posted a tweet to his account with an accompanying stock-to-flow deflection chart signaling that opportunities are ripe for investors.

Ukrainian Authorities Seize 3,800 PS4 Consoles From Illegal Crypto Farm

The Security Service of Ukraine(SSU) has uncovered an illegal crypto mining operation that employed 3,800 PlayStation 4 consoles(PS4) to mine digital assets. Initial reports suggest that apart from the gaming consoles, the SSU confiscated 50 processors and 500 graphics cards from the facility, which is being called “the largest crypto farm in Ukraine.” 

US City Mayor Scott Conger Backs Bitcoin as an Instrument to Kill Inflation

Scott Conger, the Mayor of a city in the US shared on Twitter his belief that Bitcoin is the tool that will be acting as a fix for inflation. He called out the US Federal government in his tweet and then ended with there being only one fix for inflation, which is Bitcoin.

Harmony Blockchain Announces Registration for Hackathon With Over $1M in Seed Funding

Most recently, the Harmony Blockchain has opened registration for a hackathon beginning next month with over $1 million in seed funding and prizes for participants. As for the hackathon, it will be running for roughly six weeks from August 15 to September 30 and will include four challenges from three different categories.

Pontem Partners With Pinknode to Improve Polkadot’s Infrastructure

Pontem, an experimental network for Facebook’s Diem token, is partnering with Polkadot project Pinknode to offer “crucial infrastructure for Web 3.0 purposes.” The partnership will allow Pontem to build a testing ground, which can be used by developers to test their applications before migrating them to the permissioned Diem blockchain.