bitcoin news


Circle Trade Raises Minimum Bitcoin OTC Limit to $500k

Minimum order size for bitcoin trades at Circle, one of the largest liquidity providers and over-the-counter (OTC) digital asset marketplaces in the world, has shot up to $500,000. That’s 100 percent higher compared to where the figure stood previously.

Rising OTC order sizes
OTC services are optimized for high net worth institutions and individuals looking to conduct large cryptocurrency trades without adversely affecting the market.

In a recent conversation with Business Insider, Circle Trade CEO Jeremy Allaire acknowledged that OTC order size had undergone a steep rise since January 2018 despite the slowdown in the 24-hour volume on retail exchanges.

According to Allaire, the average OTC order at Circle Trade currently stands at nearly $1 million with a few going as high as $100 million. However, the corresponding 24-hour volume on retail exchanges has come down to almost $20 billion a day from $70 billion at the beginning of the year. He further added that the average size of OTC orders would continue to rise.


Bitcoin Buy Demand Highest Since March 2017, Exchange Data Shows

Linking to data from TurtleBC, p2p exchange HodlHodl described the trend as “indicating there is more demand for Bitcoin than supply.”

“This is also an indicator of market sentiment among those who are buying and selling Bitcoin,” it added.

A 90-10 ratio effectively means that 90% of the interested investors are vying for the Bitcoin of the remaining 10%.

Despite prices nose-diving since the cryptocurrency’s all-time highs of near $20,000 in December 2017, not even those heights produced such investor demand.


Bitcoin price rises $500 in 24 hours, causing ethereum and other cryptocurrency markets to surge in value

The price of bitcoin has shot up by almost $500 over the last 24 hours, causing a market-wide cryptocurrency resurgence that has seen ethereum, ripple and bitcoin cash surge in value by between 10 and 20 per cent.

Bitcoin’s latest gains come one week after bitcoin bucked months of steadily decreasing prices by rising more than $1,000 in the space of one hour.

The world’s most valuable cryptocurrency has since consolidated its gains and is now heading towards $9,000 for the first time since March. At the time of writing, bitcoin’s price was $8,516, according to CoinMarketCap.


Bitcoin Hater George Soros Finally Admits He Wants In On Crypto :: The Market Oracle ::

America’s favorite power broker, the evil bloated Ringwraith himself, George Soros, is now poised to invest in cryptocurrency, despite trashing Bitcoin just a few months ago.

In addition to calling Bitcoin a “bubble”, Soros ironically stated that digital currencies are a tool for dictators:

As long as you have dictatorships on the rise, you will have a different ending, because the rulers in those countries will turn to Bitcoin to build a nest egg abroad.


Bitcoin boosted as IMF boss Christine Lagarde praises cryptocurrency and suggests it could transform the way people save and invest

Bitcoin has received an unexpected boost from Christine Lagarde, after the head of the International Monetary Fund (IMF) detailed the global benefits of cryptocurrency.

Ms Lagarde wrote in a blogpost that cryptocurrencies like bitcoin could enable fast and inexpensive transactions, while the underlying blockchain technology could make financial markets safer.

The price of the world’s most valuable cryptocurrency returned above $8,000 following the publication of Ms Lagarde’s comments, though it is unclear if the gains are directly attributable to the news.


Bitcoin traders are banking on a big rebound once Tax Day passes

Fundstrat’s Tom Lee makes the case for a big bitcoin rally post-tax day.

Bitcoin prices were lower Monday ahead of the much-anticipated tax deadline, which bullish pundits say has been holding back the digital currency this year.

The cryptocurrency was trading near $8,025.55 as of 2:03 p.m. ET Monday following its best week since February, according to CoinDesk. It has dropped more than 40 percent since Jan. 1, after starting this year above $14,000.

“Tax-selling has been a significant factor in downward crypto prices over the past few weeks. I would expect this downward pressure to abate after tax day,” said Spencer Bogart, partner at Blockchain Capital.


Bitcoin in Brief Monday: A Panther’s Moonshot Bet – The Bitcoin News

Bitcoin in Brief today is slanted toward a crypto winter slowly thawing, as Pantera Capital bets on a moonshot price point. Also, the world’s most popular decentralized digital asset has been forked more than a plate of good pasta; there’s a growing list of countries who’re less likely to nab your crypto profits; Yahoo! smashes rumors; and a good-hearted wager between bitcoin core and bitcoin cash partisans exemplifies how ecosystem actors should treat one another.



Bitcoin Has Now Forked Almost 70 Times

Forking bitcoin used to be a rarity. Then it became the norm. And then it became a meme, with anyone and everyone forking bitcoin on a weekly basis. There have now been a total of 69 bitcoin forks plus another 18 altcoin forks. Holders of bitcoin, monero, ethereum, and litecoin can claim almost 80 additional coins for free. Whether it’s worth their time to do so, however, is another matter.