$100M Bitcoin liquidated as BTC drops: Will ETF investors panic sell?

Craig Wright, the self-proclaimed Satoshi Nakamoto candidate and chief scientist at NChain, has addressed the recent allegations about him hacking the now-defunct exchange Mt. Gox. Last week, a lead maintainer of Monero (XMR) privacy coin Ricardo Spagni tweeted out court documents suggesting Craig Wright's affiliation with a Mt. Gox-related Bitcoin (BTC) wallet known as “1Feex”:"Just so…

Things are heating up for Libra: This week’s United States congressional hearings showed that many politicians are not convinced by the safety aspects of Facebook’s cryptocurrency project, as they grilled the social media giant on privacy- and trust-related issues. In response, Facebook keeps stressing Libra’s compliance with regulators and readiness to discuss possible frameworks.Meanwhile, a…

The amount of respondents who said they would be more likely to invest their money in crypto than traditional stocks increased 140% in just five months. 61 Total views 12 Total shares New research by consumer data aggregator CivicScience has found that a growing number of investors are selling their shares to purchase more crypto.…

While Changpeng “CZ” Zhao received a surprisingly moderate jail term, Oregon has become the sixth state to revoke, suspend or decline to renew Binance.US’ license.

Russian cryptocurrency exchange Livecoin has announced a full shutdown following an alleged hack in December 2020. 357 Total views 4 Total shares Russian cryptocurrency exchange Livecoin has announced it is shutting down after abruptly halting operations in late December 2020.According to Livecoin’s main page, the exchange is unable to continue operations due to financial and…

Investors who survived the 2008 financial crisis understand the importance of liquidity. When an economic recession starts, deflationary pressure hits the market, and buyers disappear. Sellers frantically try to sell assets before their prices drop further, but buyers want to de-risk and go into safe-haven assets, such as treasury bonds and money market funds. The lack…

A half-billion dollar loan has been closed out, but multiple court cases grind on 3547 Total views 14 Total shares In a short statement today, Bitfinex — the sister company to centralized stablecoin Tether — announced that it has repaid Tether an outstanding loan balance of $550 million. This action fully closes out a larger…