Bitcoin trader and exchange owner Allan Flynn has sued two Australian banks for AUD$375K (roughly $290K) for unlawful discrimination for his involvement with cryptocurrencies.
The bulls are back in town with a solid 15% daily price surge, as BTC reclaims the $40K price area. Only two days ago, after reaching $42K ATH, the primary cryptocurrency dropped by a steep 30% to find support upon the $30K level.
After Bitcoin price recorded an all-time high last Friday at $42K, the primary cryptocurrency finally went down for the anticipated correction following the enormous 3-month rally.
Ten years after receiving 7,002 bitcoins worth about $245 million today, the owner has lost the private keys and could soon squander his fortune forever.
Despite the billions of dollars allocated in bitcoin lately, the cryptocurrency needs even more funds to mature, said Goldman Sachs' head of commodities research.
With Bitcoin prices still correcting from their record highs, analysts and industry executives are looking towards the rest of the year, and some believe six figures are still possible.
BC Group, the company operating the Hong Kong-based crypto exchange for professional investors OSL, has received another nod of approval from Fidelity.
The massive volatility during yesterday's trading session led to an ATH of crypto volume on PayPal - a sign that retail investors have joined the party?
Strategists at the Wall Street bank have warned that the approval of a Bitcoin exchange-traded fund in the US could negatively impact its price in the short term.
The price of Bitcoin took a tumble today after dropping by almost 25% in the past 24-hours alone, and almost 30% from the ATH that was set last Friday at $42K.
Bakkt has officially announced that it will go public after completing a merger with the special purpose acquisition company VPC Impact Acquisition Holdings.
The FCA has warned investors of the potential risks associated with allocating funds in crypto-related firms that lack regulation and promise high returns.
After setting the current all-time high level at $42,000, according to Bitstamp, Bitcoin price saw a retracement to the $38K – $39K area followed by a quick recovery back above $40K over the weekend.
This week Bitcoin surged above $40,000 while the entire cryptocurrency market capitalization surpassed the coveted $1 trillion mark for the first time.
In less than 24 hours, Bitcoin had hit $40K, dropped to roughly $36,000, and increased to above $41,000 in one of the most volatile days on the market.
Over $1 trillion market cap for all cryptocurrencies as bitcoin eyed $38K for a new ATH, while some large-cap altcoins have exploded with double-digit gains.
Bitcoin is better than gold because it's easier to store, harder to steal, and more portable, said the founder of SkyBridge Capital, Anthony Scaramucci.
While ETH's price went on a wild ride in the past 24 hours, the average fees on the network have spiked to above $10 for the first time in four months.
