Corona, Trump, KuCoin, BitMEX: Bitcoin price says keep calm and carry on
Bitcoin’s stability throughout an eventful week shows traders are confident that the bullish uptrend will resume soon. Bitcoin (BTC) price appears on the verge of closing another week pinned below the $11,000 resistance but given the major events of the week, things could have been so much worse. Cryptocurrency daily market performance snapshot. Source: Coin360The top-ranked cryptocurrency by market cap held its ground as KuCoin revealed more than $150 million worth of assets had been stolen from the exchange, and the price only stumbled slightly as the CTFC announced that legal action was....
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The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Sunday, Hodlers Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers! Top Stories This Week CFTC charges BitMEX with illegally operating derivatives exchangeThe U.S. Commodity Futures Trading Commission has charged the derivatives exchange BitMEX with operating an unregistered trading platform and violating Anti-Money Laundering regulations.A civil enforcement action has been....
Bitcoin may have solidified a price base due to big player purchases. BitMEX recently faced major U.S. legal action, and KuCoin suffered a significant hack, all inside a several-day span — but why did these events not affect Bitcoin’s price in a more negative way? Aleks Svetski, CEO of Bitcoin investment app Amber, said it has to do with a number of factors, including big players buying Bitcoin (BTC). "Bitcoin’s price is a function of global demand vs a strict, immutable supply and diminishing schedule,” he told Cointelegraph, referring to the asset’s coin supply and mining payout....
Corona is a community network for developers of decentralized applications and a highly collaborative platform-agnostic development network promoting and funding the development of decentralized applications and services. The Corona network aims to accelerate adoption, increase awareness, and optimize the creation of the new decentralized web. Today Corona introduced the first of its kind crowdfunding platform compatible with multiple different cryptocurrencies including Bitcoin and multiple altcoins. Corona hopes to significantly lower the barrier to entry and create a bridge to an....
Bitcoin’s price action has weak over the past few weeks due to a confluence of technical and fundamental trends. On the fundamentals, BitMEX was charged by the U.S. CFTC, KuCoin was hacked, and President Trump paused stimulus. Bitcoin currently trades at $10,600 as of this article’s writing, far below the $12,500 year-to-date highs. BTC could soon surge exponentially higher, Civic chief executive Vinny Lingham recently said. Lingham has been a long-time investor and executive int […]
Crypto analysts scramble to assess U.S. charges against BitMEX, home of 100x bitcoin perpetual swaps and a venue for getting "rekt."