Archive | August 2, 2018

Bitcoin price LIVE: BTC prices slump but could a larger correction be around the corner? – Express.co.uk

Express.co.ukBitcoin price LIVE: BTC prices slump but could a larger correction be around the corner?Express.co.ukGood morning and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime. Another morning of losses for the crypto market, as most digital tokens tumble below resistance. Bitcoin lost 4 …At What Level Do […]

A Massive Losing Bet on Bitcoin Futures Has Investors Buzzing – Bloomberg

BloombergA Massive Losing Bet on Bitcoin Futures Has Investors BuzzingBloombergThe more than $400 million long position in Bitcoin futures was amassed on OKEx, a Hong Kong-based exchange that’s ranked No. 4 on Coinmarketcap.com’s list of the biggest crypto platforms, according to a person familiar with the matter, who asked not …

Bithumb Resumes Deposits, Influx of Capital Expected

Bithumb, South Korea’s biggest crypto exchange as of May, is officially resuming deposits and withdrawals on August 4, after a month of freezing the platform. Potential Impact of Restoration of Bithumb’s Operations In June, Bithumb experienced a $40 million hacking attack which led to the loss of investors’ funds, falling victim to a major security […]

Ripple Price Analysis: XRP/USD Trading With Positive Signs

Key Highlights Ripple price held the $0.4270 support once again and remained well bid against the US dollar. There was a break above a connecting bearish trend line with resistance at $0.4300 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair bounced back recently, but it is struggling to clear… […]

Mt Gox Creditors Are Preparing to Claim for Bitcoin Repayments – CoinDesk

CoinDesk Mt Gox Creditors Are Preparing to Claim for Bitcoin RepaymentsCoinDeskA group of creditors of the defunct bitcoin exchange Mt. Gox have started preparing to claim for bitcoin repayments following a court’s decision in June. Lawyers representing several Mt. Gox creditors – who filed a petition in November to move Mt. Gox …Bitcoin (BTC) Price […]

Mt Gox Creditors Are Already Making Plans to Claim for Bitcoin Repayments – CoinDesk

CoinDeskMt Gox Creditors Are Already Making Plans to Claim for Bitcoin RepaymentsCoinDeskA group of creditors of the defunct bitcoin exchange Mt. Gox have already started preparing a rehabilitation plan to claim for bitcoin repayments following a court’s decision in June. Lawyers representing several Mt. Gox creditors – who filed a …and more »

Square Recorded a Tiny Profit on Bitcoin, But it Has the Potential to Improve Massively

Square pulled in $37 million in revenue from Bitcoin, but spent $36.6 million to offer it on their Cash App, leading to a tight profit of $420,000.  Although profitable, Square isn’t expecting cryptocurrency to drive major profits anytime soon. Square initially added Bitcoin trading to the Cash App in January just before the cryptocurrency markets… […]

Ethereum Price Analysis: ETH/USD Under Pressure Near $400

Key Highlights ETH price declined sharply and spiked below the $400 support area against the US Dollar. There is a major declining channel in place with resistance at $410 on the hourly chart of ETH/USD (data feed via Kraken). The pair is placed in a downtrend below $410 and $420 and it could decline further… […]

Litecoin Price Analysis – There might be blood

LTC continues to quietly work as a fast and cheap medium of exchange. However, volatility suggests LTC is far from being a stable store of value or unit of account. Continued LTC adoption announcements for both trading and utility will likely have a la…

$26K Worth of Bitcoin Sent to Controversial Activist Tommy Robinson

The controversial political activist and independent journalist Tommy Robinson was sent £20,000 ($26K USD) worth of bitcoin, according to local reports, by supporters to help cover legal costs. Mr. Robinson was arrested two months ago for allegedly violating a contempt of court order. He was sent to a local jail, and recently the court found fault […]

Bitcoin Cash (BCH) Price Watch: Aiming for Next Major Support

Bitcoin Cash Price Key Highlights Bitcoin Cash celebrated its anniversary but bulls seemed to be nowhere in sight. Price broke below a short-term trend line and triangle consolidation to set off a new wave lower. Price could be aiming for the next floor at the longer-term horizontal support from here. Bitcoin Cash price barely drew… […]