Long-term Bitcoin holder buys hit $10B mark as price slips below $60K

South Korean media has reported that Nexon, a multi-billion dollar conglomerate led by CEO Kim Seong-Ju, plans to acquire the country's largest cryptocurrency exchange. 2140 Total views 6 Total shares After a troubled few months, crypto exchange Bithumb looks like it's set on turning over a new leaf through an acquisition by one of South…

By shutting down derivatives trading on Huobi, the company takes one more step toward closing its operations in China. 644 Total views 11 Total shares Major cryptocurrency exchange Huobi has ended futures and other derivatives trading in mainland China today, as planned.Earlier this month, cryptocurrency exchange announced on its website that it will settle all…

Since the beginning of 2018, rumors and then news about some large players entering the blockchain industry mesmerized the crypto community. Presently, the projects promoted by JPMorgan Chase, Facebook and Telegram are at the testnet level, but the companies have disclosed more accurate information about them. The differences among the three projects are enormous —…

Canadian cryptocurrency exchange QuadrigaCX is down for maintenance, according to an announcement on its webpage on Jan. 28. The exchange, which has been wrapped up in legal troubles with the Canadian Imperial Bank of Commerce (CIBC), is inaccessible as of press time.Screenshot of QuadrigaCX Webpage. Source: QuadrigaCXThe exchanges users, some of whom have purportedly been…

The share repurchase program centers around Grayscale's Litecoin, Zcash and Horizon investment products. 222 Total views 3 Total shares Grayscale parent Digital Currency Group, better known as DCG, announced that it intends to repurchase up to $250 million in shares for various Grayscale investment products.The share repurchase program is centered around Grayscale’s Litecoin Trust, Horizon…

The Fortnite community on Reddit conducts five times as many token transfers as r/CryptoCurrency in the new community points system. 358 Total views 182 Total shares Reddit’s r/FortNiteBR community has conducted almost five times as many ERC-20 token transfers as the r/CryptoCurrency community with over 1% of Fortnite subscribers holding tokens. After only two weeks of…

A LocalBitcoins trader who sold Bitcoin (BTC) to more than 1,000 people in the United States will serve two years in federal jail, a press release from the U.S. Attorney’s Office of the Southern District of California confirmed on April 8.Jacob Burrell Campos, a Mexican citizen, amassed more than $820,000 from Bitcoin sales on the…

Bitcoin (BTC) has been struggling to sustain the $55,000 support level for the past 16 days, or basically since the April 17 record-high $5 billion long contracts liquidation. The rejection that took place after the $64,900 all-time high had a devastating impact on the sentiment of retail traders, as measured by the perpetual futures funding…

Blockchain consortium R3 and global IT leader Wipro Limited have developed a blockchain solution prototype to enable digital currency for interbank settlements in Thailand, according to a press release from May 7.The release states that the solution will be used by the country’s central bank, the Bank of Thailand (BoT), and eight local commercial banks…