Bitcoin Erases 75% of October Price Rally as S&P 500 Hits Record Highs

The Mt. Gox trustee postponed the deadline to repay creditors by one year to October 31, 2025. The delay "could assuage near-term concerns around supply overhangs," Coinbase analysts said. The trustee managing the assets of Mt. Gox postponed the deadline to distribute remaining assets to creditors by one year to October 31, 2025, according to

news Blocko, a South Korean blockchain firm working on enterprise applications of the tech, says it’s raised 9 billion Korean won (around $7.44 million) in an Series B+ round. According an announcement on Thursday, Blocko said Korea’s oldest bank, Shinhan, as well as KEB Hana Bank, LB Investment and Dadam Investment took part in the round. The…

Jan 7, 2021 at 12:56 p.m. UTCPayPal, Coinbase Invest in Crypto Tax Automation Startup TaxBitTaxBit, a firm providing cryptocurrency tax automation software, says it has secured investments from the venture arms of PayPal and Coinbase, as well as its existing investor Winklevoss Capital.The amount invested was not disclosed in an announcement Thursday.The backing reinforces "the…

news Binance’s futures exchange is raising leverage to 125x with the launch of bitcoin (BTC)/tether (USDT) contracts today. The cryptocurrency exchange first announced its futures platform in early July, at the time hinting it would allow 20x leverage. Now, futures traders can now choose leveraged positions between 1x and 125x, it said Friday. “We have seen an…

Aug 11, 2020 at 21:22 UTCThe Beirut port following an Aug. 4 explosion that rocked the city. (Mehr News Agency/Creative Commons)Bitcoiners have quickly mobilized to raise relief funds following an explosion that wreaked havoc in Beirut last week. The campaign comes as the Lebanese banking system remains in crisis. A group of Lebanese expats in…

Nelson Wang is CoinDesk's news editor for the East Coast. He holds BTC and ETH above CoinDesk's disclosure threshold of $1,000.Crypto exchange Coinbase (COIN) reported Q1 revenue of $773 million, exceeding analyst estimates of $655 million, according to FactSet, and up from Q4 revenue of $605 million.Trading volume came in at $145 billion versus analyst…

Less than 24 hours after fund management giant BlackRock filed paperwork for a spot bitcoin ETF, bitcoin recrossed $26,000 and soared to its highest level in a week.The largest cryptocurrency by market capitalization was recently trading at $26,369, up nearly 5% over the past 24 hours, according to CoinDesk data. BTC was trading below $25,000…

Gibraltar-based crypto friendly private bank Xapo is to expand across India and the rest of South Asia in a sign of considerable expansion for the provision of cryptocurrency services in the region.Xapo is to begin accepting members across South Asia, offering services such as its USD offshore savings account offering 4.1% interest and a bitcoin…

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