"Hurun China Rich List 2019” published by Hurun Report, a research, media and investments firm, features 12 local cryptocurrency magnates.
Up until early 2018, major cryptocurrency markets the likes of South Korea and Japan demonstrated high premiums for Bitcoin. At the 2017 peak, when the Bitcoin price was trading at around $20,000 in the U.S. spot market, Bitcoin was being traded in South Korea’s cryptocurrency exchange market for around 26,000,000 Korean won, equivalent to about $22,000. This difference is now known as the Kimchi premium.
Coinbase has secured a new legal foothold in Europe. The San Francisco-based cryptocurrency exchange has received an e-money license from the Bank of Ireland, which it can potentially use to continuing serving its customers across the continent, in case Brexit causes any disruptions.
One major player in the cryptocurrency market just withdrew 1,000 BTC ($8.3M) from Bitstamp to an external wallet. Is this a sign that Bitcoin is in a period of accumulation?
13/10/19 05:10 UTC-7
Bitcoin has been struggling recently after a period of stability, suddenly moving sharply lower at the end of last month.
Major cryptocurrencies stay relatively calm for the second straight day on Sunday and continue to fluctuate between technical ranges in the absence of significant fundamental drivers that could impact the cryptocurrency market sentiment.
Several well-known cryptocurrency traders and analysts immediately expressed the same idea regarding the movement of Bitcoin price in their Twitter accounts.
Both the logos were designed by San Francisco-based branding firm 'Character', which has also been named as a defendant in the lawsuit. Image source: Reuters
According to reports, eBay, Mastercard, Visa, Mercado Pago, and Stripe are officially withdrawing their support from Facebook’s Libra cryptocurrency. This news comes only a week after PayPal pulled out of the project.