After spiking downward today, the Bitcoin price has sunk below $10,000 and is struggling to recover. Wednesday, Aug. 28 — Top cryptocurrencies Bitcoin (BTC), Ether (ETH) and XRP are in the red following a sudden price crash at 5:45 p.m. UTC. The market as a whole is also red across the board. Market visualization. Source: […]
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The self-proclaimed inventor of Bitcoin must hand over half his cryptocurrency wealth after a judge threw out his claims. Bitcoin (BTC) price could face fresh volatility if Craig Wright’s giant $2 billion tax bill comes from dumping 200,000 coins on the market. Wright, who faced the law after allegations he stole $10 billion from former […]
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Poloniex is making moves to cover its losses from the CLAM flash crash, but questions remain about the accountability of margin borrowers… When a financial system like the crypto market lacks liquidity, a crash becomes inevitable. This was the case at the margin trading marketplace hosted by U.S.-based crypto exchange Poloniex toward the end of […]
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XRP’s price was under assault after a coordinated sell-off. Why are exchanges vulnerable to such manipulations, and how do they respond? Cryptocurrency liquidity has long been a thorny issue for enthusiasts and evangelists. Although they eagerly promote the ecosystem and tout blockchain’s benefits, the elephant in the room that most enthusiasts willingly ignore is the […]
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Poloniex announces scheme to reimburse margin lenders losses caused by Clams flash crash in May. Cryptocurrency exchange, Poloniex, has announced a scheme to reimburse users affected by a flash crash in May, which led to total losses of around 1,800 Bitcoin (BTC). In an Aug. 13 blog post, the company pledged to repay daily trading […]
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The platform has suspended all activity while it pursues action against those involved. Newly-launched cryptocurrency exchange Beaxy has suspended trading after some users deliberately crashed the price of altcoin Ripple (XRP). XRP/BTC dips 40% According to a blog post and social media messages, beginning on Aug. 12, Beaxy experienced a sudden surge in XRP trading […]
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Will Brexit attract more fintech business to the U.K. or force those that already settled in London to leave England? Experts in the fintech industry answer. Back in 2016, there was a referendum that caused Brexit, which has since been affecting all spheres of British life. Would Brexit’s effects be positive or negative for the […]
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A recap of U.S. Senate’s crypto hearing: discussions about financial inclusivity, potential benefits of crypto and more criticism of Facebook’s Libra… On July 30, the United States Committee on Banking, Housing and Urban Affairs hosted a hearing on cryptocurrencies in a regulatory context. Lawmakers are showing renewed interest in digital currencies against the backdrop of […]
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Damning new surveys suggest Facebook users don’t trust Libra, John McAfee arrested on yacht carrying weapons, and Justin Sun weathered by money laundering allegation. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more […]
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Ethereum is becoming the go-to blockchain protocol for enterprise business solutions based on several reasons, such as adoption, scalability and support. Ethereum currently is known as the most popular public blockchain network for the development of decentralized applications (DApps) and smart contracts. Its prospective blockchain protocol is one of the few cryptocurrency projects actually achieving […]
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