South Korean Crypto Exchange Declares Bankruptcy Citing Embezzlement

South Korean Crypto Exchange Declares Bankruptcy Citing Embezzlement 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

South Korean Crypto Exchange Declares Bankruptcy Citing Embezzlement South Korean cryptocurrency exchange Coinbin has declared bankruptcy after suffering millions of dollars in losses, in part due to claimed embezzlement. Coinbin published a notice on its website on Wednesday, stating that “increased debt” and “government regulation” led to the firm having to halt its business operations. Specifically, it said regulators’ suspension of its ability to issue virtual accounts to users was part of the cause, as well as increased operating expenses and liabilities from its collapsed subsidiary exchange Youbit. A report…

What Caused The $17 Billion Crypto Flash Crash?

What Caused The $17 Billion Crypto Flash Crash? 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

What Caused The $17 Billion Crypto Flash Crash? What goes up must come down. Many had predicted a market correction but few of them expected it to be so fast and so violent. In just over an hour $14 billion was unceremoniously dumped out of crypto markets as Bitcoin and its brethren plunged back below previous levels of resistance. 2019’s Largest Single Day Dump Crypto markets are still showing no signs of settling down and remain as turbulent and volatile as ever. The rout which began at 14.00 UTC yesterday…

Bitcoin Price Watch: BTC Breakdown Might Be The Real Deal

Bitcoin Price Watch: BTC Breakdown Might Be The Real Deal 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin Price Watch: BTC Breakdown Might Be The Real Deal Bitcoin price found a strong resistance near the $4,190 level and later declined against the US Dollar. The price declined sharply and broke the $4,000 and $3,900 support levels. There was a break below a major bullish trend line with support at $3,940 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair traded towards the $3,600 support level and it is currently correcting higher Bitcoin price nosedived below the $3,900 support against the US Dollar.…

Long-Term Bitcoin Price Indicator Turns Bearish, Suggesting Bottom May Be In

Long-Term Bitcoin Price Indicator Turns Bearish, Suggesting Bottom May Be In 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Long-Term Bitcoin Price Indicator Turns Bearish, Suggesting Bottom May Be In A lagging indicator has turned bearish for the first time in four years, suggesting bitcoin’s price may have bottomed out and that a new bull run could begin this year. As of press time, bitcoin’s 50-week moving average has dropped below the 100-week MA, confirming a bearish crossover – the first since April 2015. Long-term bearish crossovers, however, tend to occur at the end of a big bear move, with prices rallying soon after, as MAs are based on…