Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.
Bitcoin price drop nets Bitfinex “whale” $10 million in five minutesBitcoin’s struggle to maintain $10,000 has been an ongoing theme this week. The world’s biggest cryptocurrency was surging toward $10,500 on Thursday, but faced rejection at this level and dropped suddenly by over $300. It was the second time in a week that BTC had failed to crack this resistance level. Perhaps the biggest drama came late on Saturday night. In the space of about two-and-a-half hours, BTC plunged 3.8% to hit $9,840. As traders tried to understand what caused the shock correction, some suggested Bitcoin whales were at play — and it appears one of them managed to net a profit of $10 million as prices tumbled. Many analysts believed BTC was due to have a correction following its recent (and impressive) multi-week rally. Only two months ago, BTC/USD stood at $6,560.
U.S. Treasury Secretary promises “significant new requirements” on cryptocurrencyCrypto community loses its 2020 presidential candidate Andrew Yang“Full transparency not ideal for cryptocurrency,” says Chainalysis executiveA mailbomber in the Netherlands wants a BTC payment to stop blowing things upTom Lee: Bitcoin will beat Dow Jones to 40,000Authorities arrest Ohio man for laundering $300 million in crypto on the dark webAnthony “Pomp” Pompliano suspended from Twitter… for an hourWilliam Shatner doubts Craig Wright’s claims to inventing BitcoinNot all central banks have an interest in CBDCsCoronavirus spreads and crypto rallies, but not everything is relatedGovernments begin to roll out FATF’s travel rule around the globeThe Cointelegraph Top 100Continue Reading on Coin Telegraph
