Soaring Inflation Sends Bitcoin Trading Volume to New High in Venezuela

The amount of Venezuelan bolivars being spent to purchase bitcoin has risen to record levels as the South American country experiences unprecedented hyperinflation and a worsening economic crisis. Per Coin Dance, bitcoins worth nearly 900 million bolivars have been traded so far this week in Venezuela, and this is already higher than last’s week volume …

Asset Manager Bitwise Files for a Top-10 Cryptocurrency ETF

Bitwise, a prominent cryptocurrency index fund, has filed with the U.S. Securities and Exchange Commission (SEC) to offer a cryptocurrency-based exchange-traded fund (ETF). In a press release issued on July 24th, the company stated that they intend to create an ETF called “Bitwise HOLD 10 Cryptocurrency Index Fund” which would be tied to the ten …

LocalBitcoins Trader ‘Bitcoin Maven’ Sentenced to Prison for Money Laundering

LocalBitcoins trader Theresa Lynn Tetley, better known as the “Bitcoin Maven,” has been sentenced to 12 months and a day in prison, a $20,000 fine, and three years supervision after release for laundering bitcoin as proceeds of narcotics sales and for her role in running an illegal bitcoin-for-cash exchange, according to the U.S. Attorney’s Office for …

Bullish ETF Provider Liquidates Bitcoin Holdings, Citing Regulatory And Tax Issues

Join our community of 10 000 traders on Hacked.com for just $39 per month. The ARK Innovation ETF (ARKK), one of the first exchange-traded funds to invest in bitcoin, has divested much of its bitcoin holdings, citing regulatory and tax concerns, according to CNBC. Last year, ARKK won ETF.com’s “ETF Of The Year” award for …

‘Almost Irresponsible’ to Not Invest in Bitcoin: Billionaire Mike Novogratz

Join our community of 10 000 traders on Hacked.com for just $39 per month. Billionaire bitcoin bull Michael Novogratz, founder and CEO of Galaxy Digital Capital Management, says every investor should have 1% to 2% of their portfolio in cryptocurrency. Not to do so, he told CNN, is “almost irresponsible.” Crypto To Disrupt Every Vertical …

Bitcoin Price Rebounds to $9,200 After a 10% Decline, Market Begins to Rebound

Join our community of 10 000 traders on Hacked.com for just $39 per month. The bitcoin price has rebounded to $9,200 after experiencing a 10 percent decline on April 26, from $9,700 to $8,800. The sharp decline in the price of bitcoin was said to be triggered by the sale of the Mt. Gox trustee …

Circle’s OTC Crypto Desk is Clearing $100 Million Trades, Doubles Minimum Orders to $500,000

Join our community of 10 000 traders on Hacked.com for just $39 per month. ‘The market is robust.” That’s how Jeremy Allaire, chief executive of fintech startup Circle, described the nascent institutional cryptocurrency trading market, which he says has grown dramatically in 2018 even as prices entered a bear cycle. Speaking with Business Insider, Allaire …

Bolivar to Bitcoin Trading Surpasses a Record $1 Million per Day

Join our community of 10 000 traders on Hacked.com for just $39 per month. Venezuela’s economic situation has been steadily declining in the past few years, bringing Venezuelans to turn to cryptocurrencies. According to VeneBloc data, the bolivar-to-bitcoin market recently reached a new record, as the equivalent of $1.009 million in bolivars were exchanged for …

Bitcoin Rebounds to $8,100 and Verge Plummets 37%, Market Rebounds

Join our community of 10 000 traders on Hacked.com for just $39 per month. The bitcoin price has rebounded to $8,100 over the past 24 hours, after it dropped to $7,850 on April 17. The speedy recovery of bitcoin and strong performances of major cryptocurrencies like Monero and 0x allowed the market to climb to …