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Nearly $5 billion in bitcoin could make their way back to Mt. Gox users following a deal between creditors and CoinLab. Nevertheless, the agreement is still reportedly subject to creditor acceptance.Bloomberg reporter Matt Leising offered a brief explanation of the story earlier today, noting that CoinLab has reached a deal with Mt. Gox creditors for 90% of the bitcoins they are owned.Should the deal indeed proceed, the creditors would receive over 135,000 bitcoins out of 150,000. With...

This week was very intensive in the cryptocurrency market. It’s perhaps safe to say that it was among the most tumultuous ones we’ve had in the last few months.Everything started calmly, and during the weekend, the price hit an all-time high value of $42,000. The excitement was short-lived, as immediately after that, bitcoin went in the opposite direction and started to decline. It wasn’t until Monday, however, when things took a turn for the worst.Bitcoin’s price lost around $12,000 in what...

There are no boring days in crypto. That’s panning out to be more accurate than ever over the past couple of weeks. In the past few hours, Bitcoin’s price, as well as that of many altcoins, went on a rollercoaster, yet again, resulting in massive liquidation volumes across the board.Data reveals that over the past hour alone, almost $400 million worth of both long and short positions were liquidated on major exchanges.This happened as bitcoin’s price tanked from a high of about $37,700 down...

The debate as to Bitcoin and other cryptocurrencies are real money has been going on ever since the nascent assets came into existence. Both sides have their proponents. Nevertheless, according to a recent poll, the overwhelming majority of respondents tend to think that digital currencies are, indeed, money. Digital Currencies Are Real Money: Poll Results ConclusiveIn a recent poll, the International Monetary Fund (IMF), an organization of 190 countries, took it to Twitter to ask whether or...

Bitcoin’s growing popularity is turning the asset into a frenzy, said Guggenheim Partners’ Chief Investment Officer Scott Minerd. He also doubled-down on his recent optimistic price prediction, saying that BTC could indeed skyrocket to $400,000 per coin.Guggenheim’s CIO On BTC’s PopularityEver since the Wall Street behemoth filed a document with the US Securities and Exchange Commission seeking approval to invest in bitcoin, the entity has been significantly more bullish on the...

Bitcoin has failed to break above $40,000 again and has stalled beneath $39,000. The altcoin situation is significantly more volatile, with Ethereum jumping north of $1,200 and Polkadot surpassing XRP as the fourth-largest crypto following a 30% surge.ETH Above $1,200, DOT Takes The 4th SpotThe alternative coins demonstrated high volatility levels in the past week, with massive drops during the Black Monday crash and rapid recovery sessions in the days that followed.Most large-cap ones have...

With the initial deadline for comments long expired, FinCEN has decided to extend the comment period for its proposed controversial crypto regulation for an additional 15 days.FinCen Sets New DeadlineThe Financial Crimes Enforcement Network (FinCEN), an office of the U.S. Department of Treasury, announced the news of the extension via a press release on Thursday (Jan. 14, 2021). FinCEN’s earlier deadline was set on January 4, 2021.Following the different requests for extension, it appears...

Recent data indicates that the number of Ethereum coins stored on exchanges has been gradually decreasing in the past year and showcased a massive drop in the past 24 hours alone.This causes speculations if the growing demand for ETH and decreasing liquid supply could skyrocket the asset price.Ethereum Held On Exchanges EvaporatesAccording to the cryptocurrency monitoring resource CryptoQuant, the number of ETH tokens stored on exchanges reached a 12-month high of over 14 million in the...

Cameron and Tyler Winklevoss are reportedly exploring the option of making their cryptocurrency exchange Gemini public. The brothers could follow the steps of other US-based digital asset-related companies with similar intentions, such as Coinbase and Bakkt.Gemini To Go Public?Bloomberg reported today that the founders of the US-based crypto exchange Gemini are open to the idea of going public.“We are definitely considering it and making sure that we have that option. We are watching the...

Many in the cryptocurrency field have recently discussed the upcoming January 15th date as an important consideration for the ongoing case between the office of the New York Attorney General (NYAG) and iFinex, the parent company of Bitfinex and Tether.With this in mind, below is a comprehensive summary of what happened and what to expect on this date.The NYAG v. iFinex Case: What Happened?Back in April 2019, the office of the New York Attorney General alleged that the popular cryptocurrency...