Litecoin (LTC) surged from $100 to $400 from Friday to Tuesday Dec. 12 in terms of USD. In terms of Bitcoin it went from .005 BTC to over .02.
CryptoCurrency News from around the World and beyond. This section focuses on what is happening with cryptocurrency now. So that is things like countries embracing or rejecting cryptos, price milestones for Bitcoin and Alts, new ICOs, upcoming forks, etc.
Bitcoin broke $13k today. At the rate its moving, this might not be news by the time I hit publish. $15k by year’s end is looking doable…. although, that said, 20% – 80% correction is doable as well.
The following Bitcoin forks have been announced (although not every one is confirmed as legit). They are Super Bitcoin, Bitcoin Platinum, Bitcoin Cash Plus, Bitcoin Silver, Bitcoin Uranium, and Bitcoin God.
The ruling came in for United States v. Coinbase, Inc. Coinbase must give the IRS data on users who had transactions of over $20k in 2013 – 2015.
Over the summer Andrew Left reminded the market that GBTC’s premium was substantial and everyone panicked and sold. Let us not repeat that event.
Bitcoin did another hard fork, the coin created this time is Bitcoin Diamond. The fork occurred at block height 495866.
Tehter was reportedly hacked on Nov. 20th. This caused a quick sell-off of all things crypto. However, most coins quickly recovered.
Bitcoin came back from a correction to $5.5k to break $8k by Nov. 19th. For the moment it looks like Bitcoin will remain King/Queen.
Despite an official cancellation it seems a group of miners went ahead with Segwit2x anyways. The Bitcoin Segwit2x fork happened at block 494,784. This block occurred early Nov. 17 Pacific Time.
Right now Coinbase isn’t saying anything about Bitcoin Cash other than what they said in the past. Their silence is deafening.