Bitcoinist News

Bakkt Bitcoin Trading Volume Sets New Record After Flash Crash

Bitcoin just lost over $500 in a few minutes, and apparently, institutional investors went crazy. On Bakkt, trading volume for its Bitcoin monthly futures almost hit 350 BTC today. The indicator might exceed the 1,000 threshold by the end of the day.   Institutional Investors Use Bakkt to Buy Cheap While it’s difficult to understand …

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Bitcoin Flash Crash Caused By Drop in Network Velocity

Just as Bitcoin (BTC) trading was becoming ‘boring’, a flash crash has erased as much as $500 in rapid-fire selling. Byte Tree CEO, James Bennet, says that this sudden decline was the result of a significant drop in network velocity. Loss Deepened Within Minutes BTC slid from above $8,200 at the start of the day, …

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Bitcoin Has “Boundless Possibilities”, Believes Cameron Winklevoss

Bitcoin (BTC) is much more than its market price, recently commented Cameron Winklevoss, one of the co-founders of the Gemini exchange. He also added that comparing BTC to gold is just a temporary milestone. Bitcoin is a “Source of Truth” One of the Winklevoss twins called BTC “a source of truth“, with the rationale that …

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Bitcoin ‘Needs $100M Positive Interest Per Week’ To Keep $8K Price

Bitcoin must attract a giant $2.88 billion in net positive demand if it is to keep its $8000 price in the run-up to the block size halving event. Demeester: Bitcoin Halving Run-Up Needs $2.8B That was according to Adamant Capital founding partner and commentator Tuur Demeester, who this week offered an alternative perspective on Bitcoin’s …

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Victims of Mayweather-Backed Centra Scam Defend Themselves in Court

Investors in Centra Tech, a defunct crypto firm that was accused of fraud, defended their renewed class certification bid in a Florida federal court yesterday, after being denied in an initial motion. During its initial coin offering (ICO), Centra was promoted by celebrities like DJ Khaled and boxer Floyd Mayweather. The Charges Came Too Late, …

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Lost Bitcoin Could Become Recoverable, Blockstream CEO Confirms

Blockstream CEO, Adam Back, says that the company is looking at implementing a method by which lost bitcoin will become recoverable. But before you stop trawling through the tip for that old hard drive you threw out, he wasn’t referring to those lost bitcoin. Backup Bitcoin Keys Talking during an interview at the Lighting Conference in Berlin, …

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Bitcoin ETF Only Possible if Price Breaks $150K, Tom Lee Says

Bitcoin’s price has to be about $150,000 to be liquid enough for a related exchange-traded fund (ETF), Fundstrat’s Tom Lee said in an interview with BLOCKTV. Bitcoin ETF is Years Away A Bitcoin ETF is a few years away from now, according to Thomas Lee, co-founder of market research firm Fundstrat. Contrary to popular belief …

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Are Bitcoin Day Traders Playing The Pump And Dump Game?

Bitcoin has been consolidating for a month, yet micropatterns have emerged even though the chart has been relatively flat. Today another predictable plunge has taken BTC back below $8k and in all likelihood, it will recover above that support zone again within a few days. Day Traders Pump and Dump Bitcoin A distinct pattern has …

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Unable To Surpass $8.3k Resistance, Bitcoin Price Drops To $7,900 Again

What started out as a positive week for bitcoin has turned bearish again as the world’s top digital asset plunged below $8,000 yet again. A few hours ago BTC wiped out its weekly gains and the big move that many have predicted may just have initiated. Bitcoin Price Back Below $8k The purge initiated a …