Bitcoin LTH Distribution Not Over Yet – Can Institutions Absorb The Remaining...
Bitcoin spiked to $107,000 on Sunday before swiftly retracing, shaking investor confidence and triggering fresh volatility across the market. The move, which many hoped would lead to a clean breakout into price discovery, instead reinforced the current consolidation range between $100K and $105K. Analysts remain divided — some see this as a healthy pause before […]
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This is a guest post by Michael Haley, Operations Manager at AlphaPoint. AlphaPoint is a financial technology company that powers digital currency exchanges and provides institutions aggregate access and order routing to digital currency markets. Right now, there are active digital currency markets running 24/7 in at least 45 national currencies.1 That is, there are digital currency markets in one quarter of the 180 national currencies recognized as legal tender by the United Nations. 2. Seven years into the onrush of Nakamoto's protocol, we think it makes sense to ask: Why does this....
Bit2me, a Spanish cryptocurrency exchange, announced that the deal it aimed to complete with 2gether, another Spanish exchange, fell through due to internal discrepancies. The company hoped to absorb the customers of 2gether after it blocked operations, forcing users to pay €20 to keep using the platform after having declared it could no longer provide free services earlier this month.
Bit2me Drops 2gether Customer Absorption Deal
Spanish cryptocurrency exchange 2gether is still facing difficulties after it blocked its customers’ access to its platform earlier this....
Everyone knows that global wealth is unevenly distributed. The top 1% has control over almost 50% of the global economy. But how does bitcoin wealth distribution compare to the global distribution of fiat and fixed assets? This gorgeous infographic explains: It turns out that the distribution of bitcoins among users is even more skewed than the distribution of traditional wealth across the globe. This is understandable, since bitcoin favours early adopters who either mined or purchased their coins a few years ago. Furthermore, the amount of bitcoins in circulation is capped at 21 million,....
Those who lost money in the Mt. Gox implosion and would like to get some or all of it back have been given an extension to file their claim with the failed exchange's bankruptcy advocate. It is unclear what effect making a bankruptcy claim through the online method will have for customers who are seeking to recover funds. For one thing, the agreement on the "online portal" option prohibits users from seeking further legal action if they receive "any funds." If I/we choose to receive a distribution in cash by payment into an account at a financial institution, I/we will not make any claim,....
Kraken Bitcoin Exchange. Bitcoin exchange Kraken has been selected to aid in the investigation of missing Bitcoin following the heist at the Mt Gox exchange. Kraken will also be involved in the distribution of remaining assets to the creditors. This decision was arrived at after an extensive evaluation process where multiple companies were considered and vetted. Kraken stood out for several reasons, chief among them being its proven track record in managing its exchange. The company has demonstrated stability and reliability in customer support. It also possesses sufficient expertise to....