The United States Justice Department has opened a criminal probe that looks to investigate whether Bitcoin traders are manipulating the prices of Bitcoin and other digital currencies. According to sources familiar with the matter who asked not to be named, they said the investigation is focused on illegal practices that can influence prices such as spoofing …
13 Bitcoin related exchanges are named in New York Attorney General’s probe
In an interesting turn of events, the State of New York Attorney’s General has named 13 Bitcoin related exchanges that they will be investigating in a probe to attempt to “improve transparency and accountability of major cryptocurrency trading platforms.” The letter sent from Attorney General Schneiderman names the following exchanges: (1) Coinbase, Inc. (GDAX) (2) …
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The Bitcoin bull run of 2018 has started
Yesterday the price of Bitcoin started to climb from slumbering numbers around $6000 to well above $7000, and as of this morning the price has exceeded the $8000 marker breaking the 20-day moving average. At this time it’s not fully clear what the cause of the bull run could be, but it probably has to …
Bitcoin Cash is hard forking to upgrade to a 32MB block size in May
Bitcoin Cash which is the coin that diverged from the main Bitcoin chain in August 2017 where it initially started with a 8MB max block size, is forking in May 2018 to increase the max block size to 32MB. The scheduled upgrade is set for May 15, 2018 where one of the main Bitcoin Cash …
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The Bitcoin fork for 2X block size increase has been cancelled
The much anticipated block size increase of 2X on the main Bitcoin chain has been formally cancelled, calling off the fork just one week before it was set to activate. Yesterday there was a lot of commotion in the Bitcoin space as the SegWit2X fork which caused a lot of hype prior to yesterday was …
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The price of Bitcoin is falling, here’s why
Bitcoin which briefly topped $5000 just a couple of weeks ago has dropped in price, but the amount it’s dropped by and why has people concerned. At the time of this writing, the price of Bitcoin is sitting around $3500, and could possibly drop some more as the news of China putting forth regulations are impacting …
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Bitcoin tops $5000 for the first time, then quickly drops down to $4500
Bitcoin is experiencing exponential growth, reaching a new all time high in the history of the digital currency. On a few Bitcoin exchanges, the price topped $5000 USD per unit (per bitcoin). As pictured in the price chart below, you can see the extreme price spike as Bitcoin has topped $5000 on the exchanges OKCoin, LakeBTC, The …
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Total Bitcoin trading volume surges beyond $1 billion as bull run continues
Bitcoin is starting break new records again. This morning Bitcoin surged beyond the $1 billion marker for total amount traded in U.S. dollars. As visualized in the chart below, from the start of the month of July total Bitcoin trades (all buys and sells across all major exchanges) has been in the range of $200-$400 …
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Bitcoin is at it again, experiencing extreme price volatility as August approaches
Anyone that has followed Bitcoin over the years knows that price volatility is guaranteed. But as the summer months of Bitcoin typically cool down, this summer is different as things are heating up causing huge fluctuations. Going back two years ago to former Bitcoin developer Mike Hearn’s blog post, he explains how Bitcoin is cyclical where …
Chinese Bitcoin exchanges resume trading, price begins to go up
In the early part of February of this year, Chinese Bitcoin exchanges were forced to stop withdrawals as the People’s Bank of China (PBoC) wanted to inspect them for regulatory compliance. Four months later three big Chinese Bitcoin exchanges have now resumed trading. The announcement came from a correspondent on Twitter who said Chinese exchange …
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