Day: March 13, 2020

1 of BitMEX’s Most Profitable Traders Still Thinks Bitcoin Will Hit $30,000

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If you’ve been on Crypto Twitter, you know of AngeloBTC, what some would call a “legendary”  Bitcoin investor. Indeed, prior to his effective retirement, he had over 3,000 BTC worth of registered notional profit on BitMEX, making him one of the most profitable traders on the platform. Ever. While he has since bowed out of the cryptocurrency game, he continues to keep a close eye on the industry, occasionally tweeting his thoughts about the price of Bitcoin. Fortunately for long-term investors, it appears he’s bullish. Related Reading: Coronavirus Spreading In…

US Woman Funding ISIS With Bitcoin Gets 13-Year Jail Sentence

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A United States federal court has sentenced a U.S. citizen to 13 years in jail for laundering money for ISIS using Bitcoin and other cryptocurrencies. Per a Department of Justice announcement on March 13, Zoobia Shahnaz of Long Island received a 13-year sentence for working to fund the Islamic State of Iraq and al-Sham through cryptocurrency payments amounting to over $150,000. She also worked to move to Syria to become a member of ISIS. Fraudulent loans for financing To raise the funds, Shahnaz allegedly defrauded major banks including American Express,…

Why Did Bitcoin’s Price Plunge 50% to $3,800 In 24 Hours?

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Yesterday was undoubtedly one of Bitcoin’s worst days ever; in fact, yesterday’s 40% loss was only second to the BTC price collapse in the wake of the collapse of Mt. Gox, then the largest and most important crypto exchange. At the drop’s worst, the cryptocurrency was down 50% in a single 24-hour period, falling from $7,700 to as low as $3,800. Unsurprisingly, many traders were caught with tier pants down during this move, so to say, with BitMEX reporting that nearly $1 billion worth of Bitcoin positions on their exchange…

Why Did Bitcoin’s Price Plunge 50% to $3,800 In 24 Hours?

boss

Yesterday was undoubtedly one of Bitcoin’s worst days ever; in fact, yesterday’s 40% loss was only second to the BTC price collapse in the wake of the collapse of Mt. Gox, then the largest and most important crypto exchange. At the drop’s worst, the cryptocurrency was down 50% in a single 24-hour period, falling from $7,700 to as low as $3,800. Unsurprisingly, many traders were caught with tier pants down during this move, so to say, with BitMEX reporting that nearly $1 billion worth of Bitcoin positions on their exchange…

Bill Gates Departs Microsoft Board After Pledging $1.4M to African Blockchain

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According to a press release, software developer, philanthropist, and Microsoft co-founder Bill Gates will depart the company’s board. Now 64 years old, the business magnate started Microsoft alongside Paul Allen in 1975. The company is surely most known for its Windows computer operating system, which was first released in 1985 and remains as vital as ever today. Microsoft announced a blockchain token and data management service at the end of 2019 that would be a new tool for users of its enterprise Azure service. Gates himself has also recently backed…

Wilshire Phoenix CEO Explains $168B US Fed Injection and Crypto Correlation

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The U.S. Federal Reserve injected $168 billion into finance several days ago, which correlates to Bitcoin’s current falling price. “So long as the broader markets keep falling – expect the same out of Bitcoin,” Bill Herrmann, CEO of alternative investment firm Wilshire Phoenix told Cointelegraph as part of an explanation of the Fed’s recent actions. What’s going on in the market? Traditional markets have plummeted recently surrounding coronavirus fears and oil trade wars. After several previous red days, the Dow Industrial Average (DJI) fell 10% on March 12, concluding the…

Bitcoin Mempool Briefly Drops to Zero on Blockchain.​com

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Major crypto wallet service and blockchain data supplier Blockchain.com has apparently experienced a system glitch, as its Bitcoin (BTC) mempool tracker dropped to zero earlier today. After indicating a significant surge of unconfirmed Bitcoin transactions on March 13, the mempool chart on Blockchain.com saw a steep drop from 32 megabytes (MB) to zero. As of press time, the chart has recovered to around 30 MB. Seven-day chart of Bitcoin mempool size in bytes. Source: Blockchain.com The crash of Bitcoin mempool was apparently a system bug exclusive to Blockchain.com, as other…

OKEx Undergoes Maintenance, Becomes Top BTC Futures Exchange

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OKEx completed a short maintenance yesterday at a time of great volatility in the cryptocurrency market. The exchange also just recently overtook competitor BitMEX and became the top Bitcoin futures trading platform. On Mar. 12, OKEx announced that the platform would be down for system maintenance starting at midnight UTC for about half an hour. Later the same day, the exchange announced that trading activity had resumed. The maintenance took place at a time of great volatility in the cryptocurrency market which was accompanied by unusually high volumes on cryptocurrency…

Ex-Ethereum Dev Afri Schoedon Infected

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The novel coronavirus has started to affect crypto communities, specifically that of Ethereum. After a number of ETH-related events took place in Europe earlier this month, two individuals have announced that they have contracted COVID-19, the illness that is caused by the novel coronavirus that originated in China late last year. Ethereum Community Members Catch Coronavirus According to a tweet from Afri Schoedon, an ex-Ethereum developer and programmer, he has just “tested positive for” COVID-19. While it isn’t clear where exactly he caught the virus, Schoedon explains that “given [his]…

Two Italian High Schools to Issue Digital Diplomas With Blockchain

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Two Italian high schools will begin issuing unchangeable and easily shareable digital diplomas with the Ethereum’s blockchain public technology. The measure, as reported by Cointelegraph Italia on March 12, seeks to make the entire process of issuance and traceability transparent, but above all, to solve a long-standing problem in the country: fake diplomas. The mentioned schools are located in Rome and Crotone. The licei internazionali di Villa Flaminia in Rome will rely on a blockchain-based system developed by the EY company, while the l’Istituto d’Istruzione Superiore “M. Ciliberto – A.…