Bitcoin News 

Bitcoin Futures: $670 Million Record Daily Volume as Market Recovers

Bitcoin futures volume reached an all-time high on Wednesday, peaking near a combined $670 million between regulated US exchanges CME and CBOE. On Chicago exchange CME, traders exchange more than 11,000 contracts, worth an equivalent 56,010 BTC. According to CME’s Bitcoin Reference Rate (BRR) for April 25, those contracts equate to more than $497 million in single-day volume. Of course, the actual dollar value of those contracts most likely diverged from that figure slightly, as prices fluctuated throughout the trading session. This means that on Wednesday, CME ranked as one…

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Bitcoin News 

Today $140 Million Bitcoin Moved from Mt.Gox Wallet

Approximately 16,000 BTC associated with the infamous and now-defunct Bitcoin exchange Mt. Gox were moved on Thursday, sparking speculation that the estate’s trustee is preparing to liquidate more coins. The transactions — worth nearly $141 million — were first flagged by CryptoGround — a service that monitors Mt. Gox’s Bitcoin and Bitcoin Cash wallets. Blockchain data indicates that the coins, which came from multiple addresses, were consolidated into a single wallet, with 0 BTC remaining in the source addresses. Notably, the 16,000 Bitcoin Cash stored that corresponded to those same…

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Bitcoin News 

Bitcoin Price Briefly Hits $8,400 and Cardano Surges 11% as Market Recovers

Earlier today, on April 16, the bitcoin price briefly remained above the $8,450 mark after recording a massive buy volume across major cryptocurrency exchanges. Cardano has surged by 11 percent as the second-best performer of the day and the market has come back to the $300 billion region. Independent Movements Throughout 2018, the vast majority of cryptocurrencies have followed the price trend of bitcoin amidst periods of extreme volatility. Cryptocurrencies with small market caps in comparison to bitcoin generally performed poorly against bitcoin, and the most dominant cryptocurrency in the…

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Bitcoin News 

Large Retail Investors See an Opportunity in Bitcoin Despite Price Decline

The bitcoin price has been on a decline since January, and analysts believe the mid-term correction of bitcoin was caused by the massive sell-off by Fortress and Mt. Gox trustee. Still, retail investors are seeing a good opportunity to enter the cryptocurrency market. Institutional Demand Throughout its 10-year history, bitcoin has had many major corrections. The recent decline from $19,000 to $6,000 was the third worst correction to date, recording a 72 percent drop in value. History shows that bitcoin has always been able to recover from its major corrections…

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Bitcoin News 

Indian Cryptocurrency Scamster Amit Bharadwaj Finally Nabbed By Bangkok Police

After a long drawn, overdue chase, infamous Indian cryptocurrency scamster Amit Bharadwaj will finally face justice. Bharadwaj was the founder of GainBitcoin which duped people out of money to the tune of Rs 2000 crore. He had been on the run for the past few months. Faking a heart attack in the Dubai airport last week, he managed to give the security agencies a slip and escaped to Bangkok, Thailand. The Indian government had to collaborate with the government of Thailand to bring him back into the country. At the…

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Bitcoin News 

Bitcoin Records 7% Increase as Cryptocurrency Market Rebounds From Yesterday’s Losses

After dipping below $6,500, the price of bitcoin has increased 7 percent to $7,100, as the rest of the cryptocurrency market recovered over the past 24 hours. Since March 30, the valuation of the cryptocurrency market rose from $250 billion to $268 billion, by around 8 percent. Correlated Movements On March 29, Cornell professor Emin Gun Sirer stated that a mature market should have assets that are performing independently from each other. “Indeed, a mature market should be decentralized, with independent coin prices decoupled from each other, each moving in…

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Bitcoin News 

80,000 New Merchants in Europe Gain Option to Accept Crypto

Vilnius-based Coingate, cryptocurrency payment gateway for European merchants, is teaming with Paris-based Prestashop, an open source ecommerce solution. The combination means more choices for cryptocurrency enthusiasts and might encourage an increase in adoption. Dmitrijus Borisenka, Coingate CEO, explained, “Encouraging adoption among people beyond the tech-savvy early-adopters is one of the biggest priorities for us. Prestashop has an ideal base of small to medium stores that may well utilise cryptocurrencies not only as an innovative and increasingly popular payment method, which is much cheaper than traditional card payments, but also the…

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Bitcoin News 

Cryptocurrency Market Remains Stable at $350 Billion, Bitcoin at $9,000

Over the past 48 hours, after demonstrating a highly volatile week, the cryptocurrency market has remained stable in the $350 billion region, as major cryptocurrencies such as bitcoin have not recorded major gains or losses. Stability Throughout February and March, every cryptocurrency in the global market has experienced extreme upswings and price drops, going up and down 20 to 30 percent within a 24-hour period. Bitcoin for instance, has dropped from $14,000 to $6,000, increased to $11,600, dropped to $7,000, and recovered to $9,000. Subsequent to this period of intense…

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Bitcoin News 

India Can’t Regulate Bitcoin Says Official

Indian authorities have been struggling to grasp the crypto phenomenon for quite some time now – years, to be more precise. The inability to fully understand it and put it under control has resulted in a state of semi-denial: “it’s illegal”, officials repeat tirelessly, but also keep trying to tax it. It doesn’t help when someone previously charged with proposing regulations, now says – India just can’t regulate bitcoin. India Undecided The institutional antipathy towards cryptocurrencies is no secret in India. Multiple warnings have been issued against their use, many…

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Bitcoin News 

Survey Finds South Korean Youth the Most Active Crypto-Investors

A survey released this week reveals that many South Koreans in their 20s are actively investing in digital assets. The region has become a hotbed for cryptocurrency exchanges as more than 2 million South Korean citizens own one of the top digital assets. South Koreans in Their Twenties: The Most Active Crypto-Investors According to the regional publication Yonhap, South Korean residents in their 20s are very active when it comes to cryptocurrency investments and trading. South Korea is Asia’s fourth-largest economy and its become a popular region for trading digital…

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