BitCoin Update



Coinbase Might Be Behind Those 856,000 BTC Worth of Transactions

Coinbase Might Be Behind Those 856,000 BTC Worth of Transactions

Last week, it was reported\ that a Bitcoin whale had moved thousands of bitcoin into different wallet addresses. Between December 1 to December 6, 2018, the whale split 856,000 bitcoin between 107 wallets, sending an equal 8,000 BTC into each wallet. Speculators have formulated different hypotheses since the monstrous sum was moved. Was it a market whale moving funds to Over-the-Counter (OTC) markets? Could the sender be the Foundation for Economic Education (Fee.org)? (This second theory is highly improbable as the listed address on the organization’s website reveals it has only ever received a total of 2.2 BTC.)
UnitedCorp files suit against Bitmain, Roger Ver, Kraken and others over alleged manipulation during Bitcoin Cash hard fork

UnitedCorp files suit against Bitmain, Roger Ver, Kraken and others over alleged manipulation during Bitcoin Cash hard fork

The aftermath of the tumultuous Bitcoin Cash hard fork has hit the courts after Florida-based United American Corp. filed a suit against some of the biggest names in the cryptocurrency market, accusing them of manipulation of the Bitcoin Cash network during and after the Nov. 15 hard fork. According to a press release, Unitedcorp UAMA, -18.20%  alleges that parties including Bitmain, Bitcoin.com, Roger Ver and the Kraken exchange engaged in “unfair methods of competition” that were detrimental to UnitedCorp and other stakeholders.
Bitcoin drops 8% to kick off December

Bitcoin drops 8% to kick off December

Bitcoin is kicking off the last month of 2018 with another downward drop. After ending November deeply in the red, the world's largest cryptocurrency fell as much as 8 percent on Monday to a low of $3,790.96, according to data from CoinDesk. At this time last year, bitcoin was beginning its climb to almost $20,000 and ended last December up 40 percent. It entered its hot streak just after Thanksgiving last year, surging in price largely because retail investors were buying in.
Bitcoin crashes 37 percent in November, wiping $70 billion off of cryptocurrencies' market value

Bitcoin crashes 37 percent in November, wiping $70 billion off of cryptocurrencies' market value

November will be a month to remember for bitcoin investors. The world's largest cryptocurrency ended November down 37 percent, its worst drop since April 2011 when the cryptocurrency fell about 39 percent, according to data from CoinDesk. Bitcoin hit a low of $3,878.66 Friday after starting November above the $6,300 mark. The digital currency is now down more than 70 percent since the start of 2018 and 80 percent from its all-time high hit late last year.
Bitcoin Is 'Here To Stay' Says Wall Street Boss Amid Crypto Rout

Bitcoin Is 'Here To Stay' Says Wall Street Boss Amid Crypto Rout

Bitcoin has been struggling recently, losing 40% of its value in just two weeks, as a civil war in rival cryptocurrency bitcoin cash and fears much-anticipated institutional investment will fail to materialize weigh on bitcoin and cryptocurrency investors. Bitcoin's woes have caused many to doubt the future of cryptocurrencies, though others are confident bitcoin and its peers will soldier on, with New York Stock Exchange (NYSE) chairman Jeff Sprecher among the more optimistic.
Bitcoin Surges 8% Overnight in Corrective Rally, Potential Full Reversal?

Bitcoin Surges 8% Overnight in Corrective Rally, Potential Full Reversal?

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Bitcoin, Ripple (XRP), And Ethereum Got Roasted Over Thanksgiving--Here's Why

Bitcoin, Ripple (XRP), And Ethereum Got Roasted Over Thanksgiving--Here's Why

Bitcoin fell sharply over the Thanksgiving weekend, dragging the wider cryptocurrency market down with it, including ripple (XRP) and ethereum's ether, as last week's huge sell-0ff surged back, destroying hopes the bitcoin market had found a floor.
Bitcoin sinks below $4,000 as the crypto market takes another hefty beating

Bitcoin sinks below $4,000 as the crypto market takes another hefty beating

As we hang out with family and friends this holiday season, it’s interesting to look back on the Bitcoin  mania that we endured one Thanksgiving ago. Aunts and uncles asking about internet money as you passed the mashed potatoes while trying to explain the concept of decentralization in a way that made it seem like you knew your stuff. Well, as we near a year since many of the top tokens hit their all-time-highs, we’ve seen the prices come crashing down as more manageable expectations of the crypto market have seemed to prevail. You probably didn’t have quite as many relatives picking your brain this year for crypto investment tips.
Bitcoin plunges as much as 16% to below $4,100, a new low for the year

Bitcoin plunges as much as 16% to below $4,100, a new low for the year

Bitcoin is still struggling to find a bottom this week. The digital currency dropped as much as 16 percent on Tuesday to its lowest level since Sept. 30, 2017, according to data from CoinMarketCap.com. Bitcoin fell as low as $4,076.59, bringing its total losses in seven days to roughly 30 percent. The cryptocurrency briefly pared those losses and was down about 7 percent in afternoon trading. As U.S. stock markets closed though, bitcoin was still down 12 percent over 24 hours, trading near $4,299, according to data from CoinDesk.
Hackers infect nearly 700,000 sites with Bitcoin-stealing malware

Hackers infect nearly 700,000 sites with Bitcoin-stealing malware

Cryptocurrency hackers have attacked one of the internet’s most used traffic analytics services, StatCounter, in order to siphon Bitcoin $BTC▼0.81% from users of online exchange desk Gate.io. In a targeted attack, hackers breached StatCounter to such an extent that over 688,000 websites were caught loading the malicious script, ZDNetreports.
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