| Premiums for Bitcoin in Hong Kong and Argentina Despite Price Slump
What is this all about?
Crypto consumers in some parts of the world have ended up paying a premium for their Bitcoins in recent days despite briefly veering back to four figures.
Why did consumers pay a premium?
Consumers in Hong Kong found themselves paying about $300 extra for BTC during pro-democracy protests and violent clashes with police, which have created political uncertainty recently. Over in Argentina, where the peso collapsed following the sitting president's shocking defeat in the primary elections, consumers on local exchanges were at one point paying out $420 more for their crypto than they would on other major platforms.
Bakkt Announces Launch Date of Futures and Custody Platform in US
What happened?
The Intercontinental Exchange's Bakkt, the much-anticipated U.S. platform for daily and monthly Bitcoin futures, is launching on Sept. 23 after it secured approval from regulators.
How will it operate?
The futures contracts are going to be provided through a partnership with Intercontinental Exchange Futures U.S. and International Exchange Clear U.S. Goldman Sachs Gets Bullish on Bitcoin With a Price Target of $13,971
What happened?
The beginning of the week saw Goldman Sachs give a bullish forecast for BTC prices, suggesting a short-term target of $13,971 for the dominant cryptocurrency.
What is this based on?
Its target has been based on Elliott Wave Theory, which forecasts market trends by identifying extremes in investor psychology, along with price highs and lows. The financial institution has become increasingly interested in the crypto market as of late, exploring the potential of creating a digital currency and ramping up the development of a secret project last month by opening a job vacancy for a digital asset project manager.
$3B Ponzi Scheme Is Now Allegedly Dumping Bitcoin by the Hundreds
What is this all about?
A theory has been circulating that this week's downturn in BTC prices could be caused by sell-offs from a Chinese Ponzi scheme worth $3 billion. An estimated 10 million investors were scammed when PlusToken was created in the middle of 2018; and in a nod to a classic Ponzi scheme structure, it promised high investment returns at different rebate percentages for its four tiers of members.
Why did experts say?
Dovey Wan, the founding partner of Primitive Ventures, has stated that mass sell-offs from wallet addresses known to be associated with PlusToken are now taking place. She has urged exchanges and over-the-counter platforms to blacklist them as a matter of urgency. However, researchers from TokenAnalyst have countered Wan's claims, citing a lack of evidence of addresses associated with PlusToken moving large amounts of Bitcoin to known exchanges.
Barclays May Be Ending Work With Coinbase, Transactions in GBP to Slow
What happened?
British banking giant Barclays has reportedly cut ties with U.S. crypto exchange Coinbase.
What does it mean?
Until recently, Coinbase users were able to access the U.K.'s Faster Payments Scheme, but restrictions brought in last month meant they had to use SWIFT instead — an inferior system that takes days to complete a transfer.
| 
0 Comments
Postingan
