We’re also likely seeing the “ bitcoin whales ” finally cashing out. A thousand people own 40 percent of the bitcoin market and when that price edged toward $20,000, the writing was on the wall. The latest, from Engadget, tells the tale of a reporter who managed to salvage $200,000 in bitcoin after traveling to Hong Kong and getting extremely lucky. The A.V. Club Deadspin Bitcoin’s price has found some stability following the recent market-wide selloff that helped send it down from highs of $11,200 to lows of $10,400 Bulls are ardently guarding against it seeing further near-term downside at the present moment There is a possibility that sellers will be able to continue pushing… This comes at a time that Bitcoin has hit a rough patch and the price has dropped below $9,000. The most recent slump by Bitcoin is caused by reports that Japan’s Financial Services Agency plans to issue a warning against the Hong Kong-based cryptocurrency exchange Binance for operating in the nation without registration. At the time of publication, Bitcoin was at $8,641.55. In September ... Latest ETH News [BTC/ETH Blog] Cointelegraph Consulting: ERC-20 token’s market cap overtakes Ethereum’s September 18, 2020; Coinbase Pro passes gas fees to users as ETH miner revenue hits 5 year high September 18, 2020; Record $1B in tokenized Bitcoin shows BTC holders want a slice of DeFi September 18, 2020; Ethereum Gas Fees Drive Gnosis-Powered Prediction Market to xDai’s Layer 2 ... Deadspin - 4 days ago A hundred years ago, on Aug. 16, 1920, Ray Chapman was killed by a pitch.Read more… NFL's 'Social Justice' Program Won't Make a Difference Until Players Push Harder The U.S. Securities and Exchange Commission (SEC) intends to award a fixed-price contract on a single source basis to Ciphertrace. The SEC is awarding the contract to the blockchain monitoring company as it plans focus on BNB coin, as well as other tokens on the Binance’s DEX.The BNB token has multiple forms of utility and powers the Binance Ecosystem as its underlying gas. Bitcoin price dropped from $10,000 to $8,100 within just over a day, as it plunged by 9% in a single hour.It liquidated $200 million worth of shorts, obliterating the futures market. The three key reasons that triggered the immense Bitcoin correction were: strong multi-year resistance area above $10,000, whales moving to short the market on BitMEX, and extreme volatility heading into the halving.
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