Bitcoin Price Spikes Fueled by Weekend Trading Surges: Report

The stock market closes on the weekends, but bitcoin never closes. And that’s probably why you see the industry constantly whipsawed by wild bitcoin price fluctuations. While you’re enjoying a relaxing weekend, crypto traders elsewhere are busy buying and selling. Since May, the flurry of weekend trading has accounted for 40% of bitcoin’s price gains …

CCN is Shutting Down after Google’s June 2019 Core Update

Dear readers, Let’s get straight to it. Google’s June 2019 Core Update rolled out on June 3th 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight. Our traffic has experienced a massive impact by Google’s June 2019 Core Update. Image from Sistrix.com.   CCN’s visibility index on Sistrix.com shows how …

Wall Street Bitcoin Traders DGAF About Tether’s Massive Scandal

By CCN: Wall Street bitcoin traders clearly DGAF about the Tether/Bitfinex scandal. As crypto investment firm HASH CIB noted on Twitter, institutional traders were more bullish than ever last week, with no short positions taken on bitcoin in CME’s BTC futures market. Wall Street Drops its Bitcoin Shorts 10/Last week Institutional Investors went all in on …

Danish Tax Agency to Go After 2,700 Nationals for Hiding Bitcoin Trades

Skattestyrelsen (SKAT), the Danish tax agency, has accelerated crackdown against a large number of nationals who secretly traded bitcoin on a Finnish crypto exchange. According to information shared by the Swedish Tax Agency, a total of 2,700 Danes purchased circa $5.80 million worth of bitcoins from the exchange but sold them back for $6.1 million in …

Stop Moving the Goal Posts

Earlier this month, representatives from options exchange CBOE, fund provider VanEck, and blockchain startup SolidX met with top Securities and Exchange Commission (SEC) brass, and — unsurprisingly — the group’s pending bitcoin ETF application was at the top of the agenda. Bitcoin Market Reaching Maturity In the meeting, which was held on Oct. 9, VanEck …