Category: News Digest

Despite bitcoin-positive news coming from Wall Street, the price of bitcoin dropped by fifteen percent week-on-week, to close around the $7,000 mark on Sunday. Asset management giant Northern Trust announced that it would move into the cryptoasset custody business to provide custodial services to digital asset investors. Moreover, the New York Stock Exchange’s (NYSE) parent company ICE has announced the…

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The price of bitcoin rallied by ten percent week-on-week despite the rejection of the Winklevoss Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC), which caused a brief drop in price mid-week. The SEC declined the appeal of the Winklevoss ETF because “[the] exchange [must] be designed to prevent fraudulent and manipulative acts and practices and to protect investors…

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In the past seven days, the price of bitcoin rallied by over seven percent to inch closer to the $7,000. This marks the digital currency’s second up week in a row following a bear market in the second quarter of 2018. While cryptocurrency investors still seem to be split as to whether bitcoin has found its floor or has further…

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The mood among crypto investors has reached new lows in the past week when the price of bitcoin dropped below the $6,000 mark, and many bitcoin bears and naysayers popped up to claim that the “bitcoin bubble” has finally burst. Fortunately, for crypto investors, we finally witnessed a much-needed relief rally on the weekend thanks to new capital inflows into…

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It has been a sobering week for crypto investors as the price of bitcoin continued last week’s decline to drop another ten percent versus last week’s close after a new study suggested that Tether (USDT) trading manipulated the bitcoin rally of late-2017. Fortunately, for bitcoin and – especially ether – holders, the U.S. Securities and Exchange Commission (SEC) director William…

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The price of bitcoin rallied by roughly five percent boosted by the positive the momentum for cryptographic assets over the week of May 28-June 3 while some smaller altcoins experienced 51 percent attacks. South Korea’s announcement to recognize cryptocurrencies as assets have helped to strengthen the price of bitcoin as it suggests that this highly active crypto trading hub may…

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In the past week, we witnessed the price of bitcoin dropping by 14 percent from $8,500 to $7,300 after the U.S. Department of Justice (DoJ) announced that is has launched a criminal probe into possible bitcoin price manipulation. The DoJ wants to find out whether traders are manipulating the price of bitcoin and other crypto assets through tactics such as…

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Consensus, the biggest annual bitcoin conference, was held in New York in the past week but failed to spark the expected bitcoin rally that financial commentators like Fundstrat’s chief analyst Tom Lee predicted. Instead, the price of bitcoin dropped after the conference concluded and remained mostly unchanged versus last week’s closing price. Nonetheless, the takeaways from Consensus were more positive…

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The price of bitcoin corrected by 12 percent in the past week to close at $8,500 as investors were concerned about what the raid of South Korean bitcoin exchange Upbit meant for future bitcoin regulations in the leading bitcoin economy. On May 10, 2018, South Korean law enforcement agents and financial regulatory officials confiscated paper and digital records and are…

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The price of bitcoin traded in the $9,000 to near $10,000 range throughout the past week, closing the week only slightly in the green as the market digests the strong April price rally. Regulation chatter has died down, and investors’ focus is back on how far the price of bitcoin will go in 2018. Even Goldman Sachs is now jumping…

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