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After dabbling around $16K – $17K for a few days, Bitcoin has soared back above $18K. Most alternative coins have also increased in value, adding $30 billion to the total market cap in a day.Bitcoin Jumps to $18KFollowing the vigorous price dips from earlier this week that resulted in BTC losing more than $3,000 in hours, the asset consolidated around $17,000 for a few days.Bitcoin charted a few more drops beneath that level. However, the situation changed over the weekend. The primary...

Chinese authorities seized around $4 billion worth of bitcoin and other cryptocurrencies from the notorious crypto Ponzi group PlusToken. This comes after the Chinese police arrested the core team running the scheme in July.Around $4 Billion Worth Of Bitcoin And Crypto Assets SeizedAccording to CryptoPotato’s previous report on the PlusToken saga, the crypto shysters (27 key operators) were arrested by the Chinese police in July earlier this year. Along with them, the police also arrested 82...

The San Francisco-based payment protocol has filed a document on Friday with the US Securities and Exchange Commission (SEC). It reads that Ripple Labs has entered into an agreement with MoneyGram, which entitles Ripple to sell up to 4,000,000 shares of common stock.Ripple’s option to sell these shares will expire “upon the earliest of March 31st, 2021, the time at which the maximum amount shall have been sold, or the occurrence of certain other customary events affecting the...

Bitcoin’s volatility continues with full force as the asset made another $1,000 move in the past 24 hours. Most alternative coins have marked minor gains following the recent price drops.Stellar has been on a tear in the past week and XLM has found a place in the top ten after a triple-digit surge.Bitcoin Struggles With $17KFollowing the most substantial gains marked in 2020 that led to the yearly high of $19,500, Bitcoin bears took control over the asset. As a result, BTC experienced...

Black Friday is the day shoppers anticipate the most. Being regarded as the beginning of the Christmas shopping season in the US since 1952, Black Friday has also infiltrated almost every country with significant discounts on clothing, consumer electronics, home utilities, and more.The cryptocurrency space also provides compelling offers. Perhaps the most attractive one arrived yesterday as most digital assets, including Bitcoin, started an early Black Friday sale.Black Friday On The Crypto...

Bitcoin has recovered a bit since yesterday’s massive price drop to $16,250. Most alternative coins have also bounced off their most significant dips, and the total market capitalization has recovered over $30 billion in a day.Bitcoin’s Black Friday SaleFollowing weeks of gradual increases that led to BTC coming less than 3% away from its 2017 all-time high, the primary cryptocurrency plummeted yesterday.Bitcoin went from a high of $19,500 down to $16,250 in a matter of hours. In other words,...

The cryptocurrency market experienced a massive nosedive today. $80 billion from the total capitalization were evaporated as Bitcoin plummeted below $17,000, while the altcoins had it even worse with notable double-digit price drops.The Red Sea Among The AltcoinsThe alternative coins enjoyed the past few weeks with some remarkable increases. This led to yearly records for many altcoins, including Ethereum reaching $620 and Ripple at nearly $0.90.However, the situation changed suddenly in the...

Bitcoin lost nearly $3,000 in a few hours, resulting in a price below $17,000. From OKEx opening withdrawals, the US supposedly eyeing additional restrictive regulations and increased exchange inflows, here are a few reasons for which this might have happened.#1: OKEx Resumes Withdrawals: Chinese Traders Can Realize Mining ProfitsOKEx is one of the leading cryptocurrency exchanges in the Asian markets. As CryptoPotato reported earlier in October, the founder of the exchange was reportedly...

Coinbase’s CEO Brian Armstrong has sent a letter to the US Treasury Secretary Steven Mnuchin regarding new rumored regulations on self-hosted cryptocurrency wallets. Armstrong believes that if implemented, the new legislation could harm users and, ultimately, the role of the US in the cryptocurrency financial field.New Regulations On Self-Hosted Crypto Wallets?The CEO of the largest US-based digital asset exchange took it to Twitter to outline the potential importance of these regulations if...

The narrative asserting that Bitcoin operates as a hedge and is an excellent alternative to gold has also been embraced by the host of CNBC’s Mad Money. In a recent tweet, Jim Cramer also provided his Bitcoin price prediction as he sees the asset topping $20,000 by the end of 2020.Cramer On BTC And GoldThe 65-year old Cramer is a former hedge fund manager and the current host of one of the most popular financial TV productions – CNBC’s Mad Money. Being on the air for over 15 years discussing...