Bitcoin Bulls And Bears Reach Standoff, BTC Consolidates Below $20K

Bitcoin volatility earlier in this week reached some of the most explosive price action in the asset’s history. In just a four hour window, the cryptocurrency rose and fell more than $1,000 each way, gyrating back and forth as buyers and sellers attempt equilibrium. But after that powerful surge, indecision is showing through a reduction in volatility, and a tightening trading range. Bulls and bears are both in a standoff at this point, and either a drop is near, or $19,500 will finally give in as resistance. Here’s a look…

BTC Markets privacy breach exposes all customers to potential phishing attacks

Major Australian cryptocurrency exchange BTC Markets accidentally exposed the full name and email addresses of all of its customers in a marketing email sent to each affected individual on Dec. 1. The emails were sent in batches of 1,000, meaning that each customer was sent the name and email address of 999 other users. BTC Markets is in the process of reporting the incident to the Office of the Australian Information Commissioner, with Bowler noting the exchange will be “taking guidance from the OAIC” on how to respond to the…

Bitcoin futures hit $20.3K right before BTC price drops $1K in 10 minutes

Bitcoin (BTC) futures hit $20,000 on Dec. 1 as all-time highs finally began to convert into a new price era for BTC/USD. Data from TradingView showed Chicago Mercantile Exchange Bitcoin futures heading past the historic $20,000 mark during Tuesday trading. BTC price: $20,000 sparks unique volatility At press time, highs of $20,300 had appeared amid characteristic volatility, which saw BTC/USD crash to $19,000 in under ten minutes. BTC/USD 1-minute chart for Dec. 1, 2020. Source: TradingView “Worth noting that a $1,000 swing is just 5% now. Adjust accordingly,” popular pseudonymous…

Someone just moved $5M in BTC from the 2016 Bitfinex hack

Back in 2016, 119,756 Bitcoin were stolen from the Bitfinex crypto exchange. Some of these coins have continued to move between wallets over the years, including as recently as Monday. Blockchain data shows that an unknown crypto user has moved 270.97974 Bitcoin (BTC) from a wallet associated with the hack. The sum is worth roughly $5.2 million at time of publication. The address 1GytseWXyzGpmHkcv9uDzkU9D8pLaGyR5x, which is believed to be associated with the hack, shows less than 0.001 BTC remaining. The BTC were sent to a previously unknown bitcoin address — 3MyXrfSg7JFXLa7bD6YF1GnomEr8EXYRnx,…

Justice Department extradites alleged BTC mining ponzi operator from Panama

Per a Monday announcement, the U.S. Department of Justice and the Southern District of New York have extradited a leader of alleged ponzi scheme AirBit Club from Panama.  Gutemberg Dos Santos is one of six operators of AirBit Club indicted, and the last to come into the U.S. to face trial before the SDNY. Dos Santos is a dual citizen of Brazil and the U.S. Authorities initially apprehended five of the six back in August, with a sixth avoiding authorities until October.  The DoJ alleges that AirBit Club sold “memberships” that…

XRP price now eyeing $1.00 after key support level holds, BTC price soars

While Bitcoin (BTC) is facing a potential new all-time high, other coins are showing strength as well. One of those coins is XRP, which has been going vertical in the previous weeks.  XRP’s price surged from $0.22 to a high of $0.78 during the month of November, which immediately ended up in a massive correction towards $0.45. Let’s take a look at the XRP price charts to determine whether this was an entry opportunity before the next leg up. The crucial zone around $0.45 holds as support XRP/USDT 1-day chart.…

‘Black Friday’ BTC sale officially over? 5 things to watch in Bitcoin this week

Bitcoin (BTC) is back this week as a rebound takes the largest cryptocurrency ever closer to new all-time highs — what’s in store? Cointelegraph takes a look what could move Bitcoin markets in the coming days as buyers emerge and $16,000 gets left behind — at least for now. Bitcoin cancels Black Friday discounts The main story among Bitcoiners on Monday is its performance over the weekend. After plumbing depths of $16,300 last week and failing to get much higher than $17,000 in the days following, Bitcoin surprised on Saturday,…