Category: Bitcoin News
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Why Andreas Antonopoulos Is Against Bitcoin ETFs Despite the Hype
Widely recognized security expert and cryptocurrency researcher Andreas Antonopoulos recently said in a Q&A session that he is against Bitcoin exchange-traded funds (ETFs) and their potential impact on the crypto market. With ETFs, large-scale institutional investors and retail traders in the regulated traditional finance sector can purchase and sell assets that represent the value of…
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Bitcoin Transaction Volume Tops PayPal, Creeps Up on Visa
To many, Bitcoin’s shot at “real-world” utility is defined by the yardstick of Visa’s transactional throughput; yet, the original cryptocurrency now purportedly handles more annual transacted value than PayPal—and appears to be gaining on Visa, fast. Reporting $1.3 trillion processed in 2018 alone, the dollar value of all Bitcoin transactions has effectively outstripped online payment…
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Inside OnChainFX’s Breakeven Multiple and the Winners of Last Alt Season
While 2017 was a year of exorbitant gains and lavish dreams, 2018 has crashed the reality of cryptocurrency enthusiasts back to Earth. Many of the incredible gains seen in 2017 have been entirely wiped out, and those who bought at or near all-time-highs (ATH) are deep in the red. To help illustrate those losses, OnChainFX…
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Mt. Gox Opens Claims for Creditors to Request Lost Funds
After four years, Mt. Gox creditors are beginning to file claims to recover their lost funds. On Aug. 23, Mt. Gox trustee Nobuaki Kobayashi released an online submission process for creditors to prove their claims. Mt. Gox Civil Rehabilitation Initiates Hacked cryptocurrency exchange Mt. Gox has begun accepting claims for creditors to request lost funds, according…
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Report: Tether Printing is Failing to Pump Bitcoin and the Crypto Market
Pumping the cryptocurrency market is proving to be a difficult task for “whales” and digital asset exchanges, researchers at Bloomberg believe. $500 Million USDT in August Alone As observed by the Bloomberg, over $500 million in controversial stablecoin Tether (USDT) has been “printed” throughout August, without a significant increase in Bitcoin’s (BTC) price. Last year,…
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China’s Biggest Payment App AliPay Bans Accounts Trading Bitcoin in OTC
Alipay, the biggest payment application in China valued at $150 billion, officially banned over-the-counter (OTC) Bitcoin trading, prohibiting traders from utilizing Alipay accounts to initiate digital asset trades. The announcement of Alipay shared by Red Li, a cryptocurrency researcher and the co-founder of Chinese cryptocurrency community 8BTC, explicitly stated that users of Alipay are not…
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A Deeper Look Inside the SEC’s Bitcoin ETF Rejections
While the broader cryptocurrency community awaited the U.S. Securities and Exchange Commission’s (SEC) decision on Bitcoin Exchange Traded Funds (ETFs), the watchdog rejected all nine applications made by three different players in one sweeping move on Aug. 22. SEC’s Clean Sweep Related: Another Day, Another ETF Denial: SEC Rejects 9 Bitcoin ETF Proposals While two separate…
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Interview: Bitcoin Achieving 14-Month Record Stability is ‘Extremely Healthy’
Diar, a group of researchers that publish weekly reports on the cryptocurrency sector, earlier this week revealed that the volatility of Bitcoin has declined to a 14-month low. Since early August–after experiencing a steep drop from the higher end of the $8,000 region to $5,850–the price of Bitcoin has been relatively stable in mid-$6,000 range.…
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Bitcoin ETF Rejections Under ‘Review’ by SEC
Yesterday, nine Bitcoin ETF rejections were issued by the U.S. Securities and Exchange Commission. In a possible change of heart, the SEC has placed the Bitcoin ETF denials under review. Bitcoin ETFs Still on the Horizon The U.S. Securities and Exchange Commission (SEC) is currently reviewing its disapproval of nine Bitcoin ETF proposals by ProShares,…