Monthly Archives: September 2019

Tuesday Sept. 24 — Bitcoin's price has retraced rapidly from $9,800 to $8,150 in less than a day for the first time in months.Bitcoin 24-hour price chart. Source: Coin360Bitcoin prices "flash crashed" hard — dropping almost $800 in a few minutes to show double-digit losses. It was down 11.4% and trading at $8,150 as of publishing time. According to data from Coin360, Bitcoin…

Bitfinex can hold on to documents pertaining to the alleged cover-up of an $850 million loss on its trading platform, the Appellate Division of the New York Supreme Court has ruled.Ongoing caseIn a Sept. 24 court order, appellate court justices David Friedman, Peter Tom, Troy Webber, Ellen Gesmer and Jeffrey Oing moved to stop a previous…

Crypto finance startup Circle announced that it is hitting the pause button on its Circle Research activities.Deciding on a future directionIn a blog post on Sept. 24, the Circle team said the suspension came despite “significant progress” with its content offerings.The team of the Goldman Sachs-backed crypto startup Circle explained:“It’s time to evaluate our contribution and overall strategy.…

The United States House of Representatives has passed a bill that calls for the Financial Crimes Enforcement Network (FinCEN) to study blockchain technology in its fight against financial crime.On Sept. 19, the House passed the bill “Advancing Innovation to Assist Law Enforcement Act”, which requires the Director of the Financial Crimes Enforcement Network, Kenneth Blanco,…

Altcoins prices are bleeding heavily, with some of the top-20 coins showing losses of more than 34% on the day.Cryptocurrency market daily overview. Source: Coin360The last few hours have been nothing but pain for the entire crypto market. Major coins are experiencing double-digit losses, with Bitcoin SV (BSV) taking the not-so-desirable lead with a massive hit…