Tag: Bitcoin Trading

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Localbitcoins, the Pioneer P2P Bitcoin Exchange, Shuts Down After a Decade of Service Due to Crypto Winter

February 9, 2023

Localbitcoins, the Helsinki, Finland-based bitcoin exchange founded in 2012, is closing operations after over a decade of service. The company’s operators attribute the shutdown to the “ongoing crypto-winter,” which has left them unable to continue offering their bitcoin trading services. The Challenges Faced by Localbitcoins and its Ultimate Demise in the Crypto Market The first…
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Institutions increase exposure to Grayscale Bitcoin Trust as GBTC discount nears 30%

March 6, 2022

More capital enters the flagship Grayscale trust as it eyes regulator approval to become an exchange-traded fund later this year. Institutional investors are returning to accumulate Grayscale Bitcoin Trust (GBTC) shares as the discount to spot price his risen to nearly 30%, data on Glassnode shows. Since December 2021, some weekly sessions saw investors pouring…
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Dave Portnoy Says He’ll Be a Crypto Millionaire by September

August 18, 2020

Davey Day Trader crowned himself the king of Bitcoin. Barstool Sports founder Dave Portnoy, a fresh player in the crypto trading arena, recently estimated that he will receive millions of dollars in upcoming Bitcoin (BTC) trading profits. “I’m up 100 grand in Bitcoin — in a week,” he said, noting positions in Ethereum and other…
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Cryptocurrency News From Japan: May 31 – June 6 in Review

June 7, 2020

Two exchanges saw unauthorized access issues, Japan ranked second in 24-hour Bitcoin trading volume for May globally, and more headlined news from Japan this past week. This week’s headlines from Japan included Coincheck updating the public on a recent data leak, a blockchain tech outfit unveiling plans for a digital local currency, BitBank facing a…
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Massive Bitcoin Plunge Nothing More Than Traders Being Traders, OKCoin Exec Says

June 2, 2020

Bitcoin’s recent price dive may have been nothing more than the result of standard trading activities. Bitcoin (BTC) dove more than $1,000 on some exchanges on June 2, although the event seems to be the result of simple trading activity, according to OKCoin’s head of market development Matthew Ficke.  “Price movement like we saw yesterday…
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