Here’s what happened this week in Bitcoin in 99 seconds. Bitcoin continues to outperform altcoins, reaching over 51% of the total crypto market cap this week. The story behind this week’s $ 900 price drop was the SEC’s decision to delay its decision on the highly-anticipated Bitcoin ETF until September 30th. Agency officials want more […]
Español Русский Here’s what happened this week in Bitcoin in 99 seconds. The unexpected price drop in Bitcoin last week likely resulted from a failed margin call on a massive position on Hong Kong’s OKEx exchange. A highly-leveraged position, representing about $ 416 million, had to be liquidated by the exchange once it started losing. However, […]
Intercontinental Exchange (ICE) teaming up with Microsoft, Starbucks and others on digital asset platform Bakkt makes it “much easier” for a Bitcoin ETF to launch.
Kelly: ICE Is ‘Huge News’
That’s according to Brian Kelly, CNBC’s regular cryptocurrency commentator and BK Capital Management founder, who called the plans the “biggest news of the year” for Bitcoin.
“This is huge news,” he told the network during an episode of its Fast Money segment Saturday.
Kelly was speaking one day after ICE, which owns the New York Stock Exchange, confirmed its high-profile partnership to build a “global ecosystem for digital assets” with a slated launch date in November 2018.
Bitcoin price continues to deflate after last week’s BTC ETF rejection. By now most traders will want to know whether or not this is a short-term bear trend, or if BTC is returning to the $ 6k range indefinitely.
There was a time when the slightest rumor sent tremors through the market and boosted even the most unheard of altcoin by 20% minimum. Alas, it appears that those days have long passed. Outside of the this month’s Bitcoin ETF hype and letdown, very little of this week’s positive bitcoin news translated to growth in price.
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Español Русский Here’s what happened this week in Bitcoin in 99 seconds. The price upswing of Bitcoin this week was attributed to bullishness over a possible Bitcoin ETF and also Chinese inflows following the devaluation of the Yuan as a response to Trump’s new trade tariffs. The Chicago Mercantile Exchange tweeted that Bitcoin futures trading […]
In recent mining news, Brookstone Partners has announced its intention to build a 900-megawatt wind farm in Dakhla, Morocco, Hydro-Québec has been given permission to charge cryptocurrency miners increased rates, and DMG has begun installing its 85-megawatt substation in Canada.
Brookstone Partners Plans 900 MW Wind Farm in Morocco to Power Mining
Brookstone Partners, a New York-based private equity firm, has announced plans to construct 900 megawatt (MW) wind farm near Dakhla – a disputed territory presently administered by Morocco.
Español Русский Here’s what happened this week in Bitcoin in 99 seconds. BlackRock, the world’s largest asset manager with $ 6.3 trillion under management, announced on Monday that it’s considering Bitcoin for investment purposes. The firm’s CEO, Larry Fink, said that BlackRock is putting together a team to study cryptocurrencies. Coinbase apparently received regulatory […]
Español Русский Here’s what happened this week in Bitcoin in 99 seconds. The Bancor platform was hacked for $ 23.5 million in Ethereum and other tokens. The Bancor Network was taken offline until Wednesday. Bancor’s ICO raised roughly $ 153 million in 2017. French hardware wallet manufacturer, Ledger, sold in excess of 1 million units during […]
Español Русский Here’s what happened this week in Bitcoin in 99 seconds. Crypto’s combined market cap rose over 15% from $ 233 billion late last week to its current level of $ 270 billion. Trading volumes on Binance and Houbi exchanges were up by over 100% over the last 10 days, with the volume on South […]