Today, October 25, the price of the first cryptocurrency made a sharp jump above the $ 8600 mark. The chart below shows that the sharp movement of more than $ 1000 (> 15% from previous marks in the region of $ 7400) occurred against the backdrop of a significant increase in trading volumes: According to Rekto, over the last 24 hours positions on the largest crypto derivative exchange BitMEX were liquidated at $ 200 […]
Author: BlockchainJournal
The Bitfinex cryptocurrency exchange issued a statement in which it described itself as a victim of fraud by the Panamanian company Crypto Capital. Statement in response to arrest of Crypto Capital principal by Polish authorities https://t.co/dGef6vWEed – Bitfinex (@bitfinex) October 25, 2019 As previously reported, Polish police arrested Crypto Capital president Ivan Manuel Molina Lee, who is accused of participation in […]
Yesterday, there was a collapse in the crypto market – the price of BTC began to decline in the morning, subsequently losing $ 500 in a few minutes. Along with the decline in the price of the flagship cryptocurrency to $ 7,400, altcoins also did not hold their position – the TOP-20 coins rate fell by 8-11%. Today, BTC managed to recover to the level of $ 7,600, the altcoin exchange rate also increased by 2-5% and only Bitcoin SV showed an increase of 11%. Meanwhile, well-known analyst Mike Novogratz explained on CNBC, what caused the fall yesterday. Among the…
Amid mass protests in Lebanon, whose participants demand the resignation of the current government, banking institutions announced the suspension of their activities. Meanwhile, local crypto amateurs are urging residents to exchange fiat for cryptocurrency. Well-known trader Nassim Taleb noted on his Twitter blog that the situation in this country perfectly demonstrates the meaning of the existence of cryptocurrency. He explained that a person may lose access to the services of the bank at the most necessary moment for him, while blockchain and cryptocurrency are available to mankind at any time. Taleb also drew attention to the fact that banks can…
Bittrex, the American Bitcoin exchange, has extended the withdrawal period for clients from New York State upon the request of the regulator. Important information for New York customers: NYDFS has requested that Bittrex postpone the New York account closure deadline until further notice. New York residents will be able to continue to withdraw funds, but may not deposit or trade. Details: https://t.co/iJXXDPNF8S […]
Bakkt Crypto Derivatives Exchange announced the launch date for the option contract for bitcoin futures , it is scheduled for December 9. Options on futures contracts give the buyer the right to buy or sell a particular futures contract at a predetermined price on the expiration date of the option. According to Bakkt CEO Kelly Loffler, the new product was created "based on customer feedback and is designed to hedge revenue and ensure cost and capital efficiency." Bakkt's Bitcoin Options Contract “represents another important step in the development of this asset class for institutional investors, their clients and investors.” The…
Now is the best time to buy bitcoin , according to Joel Birch, founder of Lunar research company. In an interview with Forbes, this expert noted the particular attractiveness of the first cryptocurrency at the time of its seasonal decline. Recall that the result of yesterday's exacerbation of volatility in the cryptocurrency market was the fall of bitcoin to $ 7,500. About the same level, the coin is located today, October 24th. According to the founder of Lunar, if you buy when the coin is at the bottom and sell when it is trading at the peak, then you have…
Bakkt, an American crypto-derivative platform, announced that the launch of regulated option contracts for deliverable BTC futures will take place on December 9th. Kelly Loffler, Bakkt CEO, noted that the decision to launch a new instrument on the market was made taking into account the multiple feedback from the platform’s customers. First of all, according to Loffler, it can be used to hedge, increase profits, increase efficiency in terms of costs and preserve capital. Note that when interacting with futures, both parties subscribe to the fulfillment of the conditions stipulated by the contract. Moreover, the option gives the buyer the…
The head of Galaxy Digital cryptocurrency bank Mike Novogratz shared a short-term forecast for the price of bitcoin and spoke about plans to launch a new cryptocurrency fund, Bloomberg reports. According to him, after yesterday's fall of more than $ 600, the price of the first cryptocurrency may drop by another 13%, having found support at around $ 6500. Then BTC will take some time to recover to […]
The Bitcoin exchange rate experienced a sharp drop this Wednesday. Within four minutes, the price of the leading cryptocurrency dropped from $ 7,900 to $ 7,500, after it did not hold above $ 8,000 in the first half of the day. Over the past 24 hours, the decline has amounted to about 8%. The last time Bitcoin (BTC) was trading at these levels in early June – then its rate went up. Together with bitcoin, the wider cryptocurrency market also rushed down. Losses of most altcoins are within comparable limits. The data from the skew portal indicate that the volume…