Traders React to Mt. Gox Claims: Bitcoin Hits Low of $500
Mt. Gox has managed to start a bit of a panic, haven't they? The company issued a statement this morning blaming a bitcoin bug for their halting of withdrawals, and says they will continue to prevent withdrawals so long as the bug exists. Except many in the community, including core developers have been aware of the issue for years, and have deemed it a "non-issue", so to speak (see the post linked above). A bit after 6AM on Monday (Eastern US time), the price per bitcoin sunk to a low of $500 at Mt. Gox - the lowest it's been all year. At Bitstamp, it hit a low of $530. The price is....
Related News
Eos rose by as much as 20% on Wednesday, as bulls continued to react to the news of its upcoming Yield+ incentive program. Today’s price surge comes despite the global cryptocurrency market cap falling by almost 2% as of writing. Tezos was also higher, hitting a two-month high on hump day.
EOS
EOS was one of Wednesday’s biggest movers, as prices of the token climbed by as much as 20%.
Today’s gains come three days after EOS began to accept registrations for its upcoming Yield+ incentive program.
The program, which is essentially a....
Cryptocurrency trading platform Livecoin claims that it has been hacked after the crypto community noticed the price of bitcoin shoot up to half a million dollars. Meanwhile, users are complaining that they cannot withdraw their funds, suspecting the exchange of pulling an exit scam. $500K per Bitcoin on Livecoin Exchange Russian cryptocurrency exchange Livecoin claims that it suffered a security breach over Christmas after the crypto community observed the price of bitcoin and other cryptocurrencies soar exponentially on the exchange above their market prices. Bitcoin was reportedly....
Tourism is booming in El Salvador. Since September, when the Bitcoin Law went into effect, it’s up by “more than 30%.” Good news all around, right? But, how did the media react? How did they report on these numbers? We’ll find out after the quotes from Morena Valdez, Minister of Tourism, who told El Salvador […]
A cryptocurrency project called Safemoon has been trending in forums and social media in recent times, as the crypto asset team promised a few new products, but the team claims that the launch has seen difficulties. This weekend, a post published to the subreddit forum r/cryptocurrency claims “Safemoon has been exploited from day 1 and $68,460,000 have been siphoned out of the liquidity pool.”
Editor’s note: This article has been updated to include the official audit from Doxxlocker.
Safemoon Project Runs Into ‘Unforeseen Technical Issues’....
Ethereum fell below $1,900 earlier today, as crypto markets continued to react to disappointing economic data from China. Figures for July showed that both retail sales and industrial production in China had grown by less than expected, heightening concerns of an upcoming global recession. Bitcoin also declined on Tuesday.
Bitcoin
Bitcoin (BTC) was once again trading in the red, as crypto markets continued to move lower, following Monday’s disappointing economic data from China.
Figures from the world’s second-largest economy showed that retail sales had....