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🏁 BitMEX Founders are stepping back
Bitmex’s Arthur Hayes and Samuel Reed are stepping down from their roles as CEO and CTO respectively. The move comes a week after the US CFTC and DoJ charged them with illegally operating a derivatives exchange and violating the Bank Secrecy Act. 🔗 Read more
💰 Nearly 90% of Bitcoin addresses are in Profit
According to data from the blockchain analytics firm intotheblock, 89.28% of Bitcoin addresses are currently in profit. On-chain data show that there are 31.94 million addresses on the Bitcoin blockchain network with a balance. That means a total of 28.5 million Bitcoin addresses are in profit with the BTC price above $11,000. 🔗 Read more
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📈 Bitcoin Surpassed $12K For The First Time Since August
Bitcoin is trading around $12,100 and is up 2.57% over the last 24 hours. The rally to $12k was highly anticipated by the market after the largest cryptocurrency by market capitalization had a six-day streak of gains last week. Before breaking above $12,000, Bitcoin prices had to overcome a large number of sell orders slightly below that level. The last time bitcoin prices hit the $12,000 level was Aug. 17, according to data from CryptoCompare. 🔗 Read more
💥 Bitcoin Hits Fresh 2020 High
Bitcoin’s price clocked fresh 2020 highs after online payments company PayPal announced support for cryptocurrencies. PayPal launched a new service enabling its customers to buy, hold, and sell bitcoin, ether, bitcoin cash and litecoin, directly within the PayPal digital wallet. The move is expected to increase cryptocurrency's utility as a funding source for digital commerce at PayPal's 26 million merchants.
Bitcoin is currently trading at $13,041. 🔗 Read more