According to Bloomberg, on July 14, 2020, Jack Abramoff, the "godfather" of the US lobbying industry, admitted on the phone that he illegally promoted AML BitCoin to investors.
The judge told Abramoff that he will face a sentence of up to five years in prison. Not long ago, the US Department of Justice prosecuted Rowland Marcus Andrade and Jack Abramoff, founders of the Anti-Money Laundering Bitcoin project, for suspicion of money laundering and telecommunications fraud.

Monitored by CoinNess.com, as of 00:00, July 15 (UTC),
1) The number of Bitcoin active addresses is on a day-to-day increase of 5.97%, marking 846,900.
2) The number of Bitcoin on-chain transactions is 364,400 with a day-to-day increase of 18.47%.
3) The number of BTC whale transfers (over 100 BTC each) is 568 with a day-to-day decrease of 28.10%.
4) Active addresses on Ethereum report 566,400 with a day-to-day decrease of 2.36%.
Note: On-chain transactions and active addresses of a cryptocurrency have a positive correlation with its price.

1. Huobi Global will suspend the deposit and withdrawal of ZIL at 02:00 (UTC);
2. The deposit and withdrawal service of ZIL will be suspended from 04:00 on OKEx;
3. AVA will relaunch public fundraising after the delay due to technical problems;
4. Kava#11 new governance proposal will be submitted at around 14:00;
5. Gate.io will launch the Startup Discount Offering project Meter;
6. Gate.io will start the voting on whether to list Polkadot (DOT) at 4:00;
7. Compound (COMP), Kava (KAVA) and Kyber Network (KNC) will be listed by Kraken.

[Policy]
1. The US Internal Revenue Service (IRS)’s Taxpayer Advocate Service alleged that the IRS violated the Taxpayer Bill of Rights with 2019 crypto letters.
[Cryptocurrency]
1. Zcash is expected to conduct Heartwood network upgrade at 10:35 UTC on July 16 at the block height of 903000;
2. Monero GUI v0.16.0.2 Nitrogen Nebula has been released;
3. The first KyberDAO proposal is now live on Kyber.org;
4. Kingdom Trust appoints Fidelity Digital Assets to power Bitcoin custody for choice retirement accounts.
[Exchange & Wallet]
1. Huobi confirms support for the DOT (Polkadot) token mapping;
2. The leading US cryptocurrency exchange Coinbase may be gearing up to launch its own token;
3. Binance has announced the official launch of its crypto payments card, Binance Card in Europe and the U.K.
[Others]
1. PayPal disclosed that it is developing crypto capabilities;
2. The South Korean government plans to invest over $48.2 billion in Blockchain and other Industry 4.0 technologies by 2025.

According to Whale Alert, 1,945 BTC (17,965,280 USD) were transferred from Binance to an unknown wallet at 22:19:43 (UTC) on July 14, 2020. The transaction hash is bae7c9fe3a6349c1a18fae79ff33a84dd84eef698e960ac9f2adbc5478640258.

According to Whale Alert, 75,000,000 USDT (74,810,607 USD) were transferred from Tether Treasury to Bitfinex at 21:18:35 (UTC) on July 14, 2020. The hash is 0x008ba70a530f81e70790382a1391e2872c0801483258dcdc5bf2bd43f7796c7e.

According to Whale Alert, 75,000,000 USDT (74,810,607 USD) were transferred from Bitfinex to Tether Treasury at 21:18:51 (UTC) on July 14, 2020. The transaction hash is 940bd1a05b0172ac885908c32b5487b021c98072f699fd7b5e3eda58736eea1d.

According to Whale Alert, 20,000,000 USDT (19,992,682 USD) were transferred from Tether Treasury to Huobi at 21:09:54 (UTC) on July 14, 2020. The transaction hash is 3d226c25e046de5b7961369a5f68102ed24287d0dd8adac4bf2e32e68b84db7c.

According to ZDNet, data for a total of 142 million LV MGM Hotel guests is on sale on the dark web after the database was attacked by a hacker 2019. Payment via BTC or XMR is preferred.

People's Daily (Overseas Edition), the organ of the Central Committee of the Communist Party of China, stated July 14 in an article that at present, the blockchain application is still in the early stage and trial operation phase with a minority of application scenarios.
According to experts, in order to realize the sustainable development of the blockchain technology, the first step is to solve the technical problems, which requires the cooperation of all parties. Timely legislation should also be adopted to solve the possible legal problems in the development process, with a massive crackdown on illegal and criminal behaviors using blockchain.

According to BTC.com, as of 20:45 UTC on July 14, the number of Bitcoin unconfirmed transactions reports 20,723. The BTC mining difficulty is estimated to increase by 9.76% to 19.04 T in 12 days and 14 hours from the current 17.35 T. The 24-hour transaction rate of BTC marks 2.80 txs/s and the hashrate reports 124.29 EH/s.

CoinNess.com now delivers a special report featuring the closing prices of the U.S. blockchain stocks at the end of the day.
NYSE Bundle:
Eastman Kodak Company (KODK): $2.06, +1.98%;
IBM Common Stock (IBM): $120.60, +1.17%;
Accenture Plc (ACN): $219.16, +1.59%;
Square Inc (SQ): $121.24, +2.18%;
JPMorgan Chase & Co. (JPM): $98.21, +0.57%;
NASDAQ Bundle:
Overstock.com (OSTK): $43.13, +3.03%;
Marathon Patent Group Inc (MARA): $0.91, +3.64%;
RIOT Blockchain Inc (RIOT): $2.25, +3.21%.

The South Korean government plans to invest over $48.2 billion in Blockchain and other Industry 4.0 technologies by 2025. The nation’s goal is to promote the digitization of all industries in the coming post-pandemic era.

Multiple bills that threaten encryption are moving through the U.S. Senate and could pose a threat to technology that protects users' privacy, industry pros say.
These bills include the Lawful Access to Encrypted Data (LAED) Act and the Eliminating Abusive and Rampant Neglect of Interactive Technologies Act. While the Lawful Access to Encrypted Data Act was only recently introduced to the Senate, the EARN IT act has been in the works for months, and has been amended a number of times.
"There is no way for Ethereum, Bitcoin and other cryptocurrencies to comply (with the Act)," said Attorney General William Barr at an event the day the bill was introduced.

Gemini announced July 14 that it becomes the first crypto exchange to introduce support for hardware security keys across both Android and iOS mobile devices via WebAuthn. Gemini customers can now use USB and near-field communication (NFC) security keys to securely sign into the Gemini Mobile App.

Decentralized finance (DeFi) will be part of the lives of many people in the future, according to Jay Hao, the CEO of crypto exchange OKEx.
When answering Cointelegraph's recent inquiry concerning the listing of Compound (COMP) DeFi protocol's token on OKEx, Hao predicted that the importance of decentralized finance will grow in the upcoming years. He said that he believes "that DeFi will disrupt traditional finance not far in the future."

According to a recent report published by Ethereum-oriented software engineering company ConsenSys, Tether (USDT) has the highest level of wealth distribution among the leading stablecoins.
The top 100 whales hold 46.5 percent of the coin's total volume, with the largest Tether accounting for 6.6 percent of all tokens.

The U.S. Food & Drug Administration unveiled a new initiative focused on food safety on July 13, publishing a policy blueprint that cites the potential role of blockchain tech in tracking products.
The FDA announced the blueprint and positioned it as the start of a process "to help ensure that we have the safest food system in the world," according to remarks from commissioner Stephen Hahn.

Citing Whale Alert, 18,000,000 USDT (18,021,316 USD) were transferred from an unknown wallet to Bitfinex at 18:03:25 UTC on July 14.

Ethereum (ETH) Co-founder Vitalik Buterin said he has a bit of "love and hate" for the influx of decentralized finance (DeFi) Apps that have been built on the network of late – although he labeled them "valuable and essential" to the blockchain's community.
Speaking in an interview with Ryan Sean Adams, Founder of crypto investment company Mythos Capital and creator of the Bankless program. Buterin also criticized so-called yield farmers, and said that the high interest rates that some liquidity providers are collecting would prove "unsustainable in the long-term."

As of 18:00 (UTC) on July 14, the global price index of Bitcoin (BTC) has been trading above the $9,200 level. At present, the coin marks $9,243.57 with a decrease of 0.39% in the past 24 hours.
The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Buy" with four indicators sending out selling signals, five showing neutral signals, and nine indicating buying signals.
The broad market experiences downward trading, with 17 out of Top 100 cryptos by market cap rising.
The global market cap reads $273.36 billion, and the 24-hour trading volume is $68.26 billion.
Major Coins
1. BTC quotes show 9,242.26 USDT on Binance, $9,256.90 on Bitfinex, $9,243.51 on Coinbase Pro and 9,243.08 USDT on Boboo.com;
2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following: ETH marks $240.17 (-0.39%); XRP marks $0.1987 (-1.42%); BCH marks $230.09 (-1.99%); LTC marks $43.71 (-1.98%); EOS marks $2.56 (-2.12%); ETC marks $6.28 (-2.55%).
Top 3 Gainers and Losers in Cryptocurrencies
1. Top 3 gainers among Top 100 cryptocurrencies by market cap: DIVI (+14.51%), ONT (+9.96%), and LINK (+9.89%);
2. Top 3 losers among Top 100 cryptocurrencies by market cap: AMPL (-32.17%), NEXO (-12.63%), and TMTG (-7.50%).
Cap Flows of Coins/Exchanges
1. Top 3 capital inflows within the last 24 hours: BTC (+$201.00 mln), ETH (+$59.78 mln), and KCASH (+$15.14 mln);
2. Top 3 capital outflows within the last 24 hours: EOS (-$106.00 mln), LTC (-$30.57 mln), and XRP (-$26.55 mln);
3. Net inflows/outflows of exchanges: Binance (-$93.73 mln), Bitfinex (-$11.41 mln), and Coinbase Pro (+$2.35 mln).

"Limited Partnership Fund Bill" has recently been approved by the Legislative Council of the Hong Kong Special Administrative Region, which will come into effect on August 31, 2020. The fund, according to the bill, covers investment in digital assets, like cryptocurrencies and virtual assets.

Citing Whale Alert, 1,327 BTC (12,230,667 USD) were transferred from OKEx to an unknown wallet at 16:42:38 UTC on July 14.

Stablecoins have never had more buying power than now, this could bode well for the next bull run.
Glassnode keeps track of the Stablecoin Supply Ratio, or SSR, which is calculated by dividing Bitcoin's (BTC) market capitalization by the market capitalization of all major stablecoins. Low SSR indicates that stablecoins have more buying power, which the company asserts could be interpreted as a bullish sign.

Citing Whale Alert, 1,165 BTC (10,797,882 USD) were transferred from Coinbase to an unknown wallet at 16:25:45 UTC on July 14.

Compound (COMP), Kava (KAVA) and Kyber Network (KNC) will be listed by Kraken starting July 15, the company announced Tuesday in a blog post.

Crypto exchange company Binance has announced the official launch of its crypto payments card, Binance Card in Europe and the U.K.
Binance said July 13 that applications for a Binance Card would go live within the European Economic Area (EEA) starting in August, followed shortly by the U.K.

The U.S. Department of Justice (DOJ) has charged Joshua Thomas Argires, a 29-year-old man from Texas, with Paycheck Protection Program (PPP) loan fraud.
According to the DOJ's press release, Argires unlawfully obtained $1.1 mln worth of relief money to invest it in cryptocurrency.

The Islamic Republic of Iran has reportedly issued permits for 14 bitcoin mining farms and will cut up to 47% off of the electricity tariff in order to support authorized cryptocurrency mining centers. Crypto miners will soon have to register with the government.