Tag Archives: BTCGBP

Another week passed on the cryptocurrency market, and it surely wasn’t a boring one. The cryptocurrency started off strong, causing many to believe that it might finally breach the coveted $12,000 mark. However, the excitement was short-lived because, just today, news broke out that the founder of OKEx, one of the primary cryptocurrency exchanges, has been ‘taken by the police’ and hasn’t shown up to work for a few days now. More importantly, he’s also one of the private key...

A few hours ago, global cryptocurrency exchange giant OKEx halted withdrawals much to the chagrin of traders and investors. Bitcoin prices fell as a response to additional reports of founder Xu Mingxing being arrested over a week ago. However, what should be more concerning is the amount of BTC held by the exchange’s wallets. Data says that the value of holdings is easily worth $2.3 billion. Around 200,000 BTC Worth $2.3 Billion Stashed Up in OKEx Wallets After the latest...

Bitcoin has failed to hold above $11,500 for the second time this week as bears continue to drive prices back down towards the unfilled CME gap at $11,100 (GAP 2). CME bitcoin futures gaps appear because traditional markets close before the weekend and reopen the following Monday, while BTC continues to be traded 24/7. This means that if the leading crypto experiences high volatility over the weekend and the price changes dramatically when the traditional markets reopen, then...

In hopes of regaining the support of the cryptocurrency community after the ‘apolitical’ stunt, Coinbase has decided to fund ‘at-least’ two Bitcoin Core developers. This sponsorship act marks the debut for Crypto Community Fund, the exchange’s new grants program. Coinbase Shows Support For Bitcoin Development In a blog article released yesterday, Manish Gupta, EVP of Engineering at Coinbase, announced plans to sponsor at-least ‘two Bitcoin developers who contribute directly...

Bitcoin continues to struggle and has dropped by another 1% to about $11,300. The alternative coins bleed out and have wiped out most of the recent gains. These developments could be attributed to news that the popular exchange OKEx has seized withdrawals and is cooperating with a “public security bureau in investigations where required.” Bitcoin Loses Another 1% As reported a few days ago, the primary cryptocurrency marked a 5-week high of about $11,700. Since then, though,...

Polkadot is one of the biggest cryptocurrency projects, currently ranked eight in terms of total market capitalization. Now, the team has revealed that trustless wrapped Bitcoin will come to its ecosystem in early 2021 through Interlay – a framework designated to allow permissioned and permissionless blockchains to connect and interact. Polkadot’s BTC-Relay Effort Known as Interlay, the framework that has been under development since 2018 aims at allowing various permissioned...

Twitter chief Jack Dorsey has urged his followers to donate Bitcoin to support the protest over police brutality in Nigeria. Earlier today, Jack Dorsey, CEO of Twitter and Square, showed his support for the ongoing #EndSars protest over police brutality in Nigeria. Dorsey, a Bitcoin proponent, encouraged Bitcoiners to make BTC donations towards the fight against the Special Anti-Robbery Squad (SARS) in the largest black nation. #EndSars: The Genesis SARS is a unit of the...

The deadline for submitting a rehabilitation plan for reimbursing Mt. Gox creditors has been delayed once more – this time to December 15th, 2020. As CryptoPotato reported before, the Tokyo District Court had issued an order indicating that the submission deadline was until October 15th.  Nobuaki Kobayashi, the Mt. Gox rehabilitation trustee who has been designing the plan for more than a year, announced the delay earlier today.  The statement reads that as “there are...

Apart from a brief spike to above $11,500, Bitcoin has remained relatively calm around $11,400 in the past 24 hours. Most alternative coins have marked minor losses, with Ethereum dipping below $380 and Ripple beneath $0.25. Bitcoin Stays Around $11,400 As reported yesterday, Bitcoin traded around $11,400, despite US President Donald Trump’s call for additional economic stimulus. In the past 24 hours, BTC initiated a leg up towards its daily high of $11,550 (on Binance)....

The research added that around 14% of the total supply is currently held in accumulation addresses. The findings by on-chain analytics firm Glassnode report that there has been a steady up trend in Bitcoin accumulation since the beginning of 2019. The chart overlays price action and the two do not appear to be correlated as prices have been sideways on that long time frame. The balance in accumulation addresses fell sharply during the massive bull run in 2017 as long term...