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Following a relatively steady start, We don’t know much about the Bitcoin founder (or founders) — Satoshi Nakamoto — as he pretty much disappeared after... More, the elusive Bitcoin creator.suddenly shed more than $200 in 30 minutes on Wednesday. The cause of the sudden plunge is believed to be an unfounded rumor involving
At the time of this writing, the BTC price is hovering just under $9,450, down 1.5% on the daily. If the support area around $9,350 holds and BTC retraces above the 0.5-0.618 Fibonacci levels, odds are reasonably high that the price could make another attempt at breaking out.
More on these and other big updates from the day in BeInCrypto’s cryptocurrency news roundup for May 20, 2020.
Bitcoin witnessed a minor crash on Wed shortly after WhaleAlert (@whale_alert), which tracks cryptocurrency movements, reported that 50 BTC from a ‘possible #Satoshi owned wallet’ had been moved to an unknown A crypto wallet is a device or app that stores digital assets. Unlike the physical wallet in your back pocket,... More.
Apparently, the bitcoins in the source wallet were mined way back in 2009, within the first 30 days of the cryptocurrency coming into existence. The source wallet itself had been dormant since 2009.
Considering that Satoshi is believed to be still in possession of somewhere around 1 million BTC, some traders didn’t handle these speculative reports very well and resorted to panic-selling that eventually diminished much of the gains from the day in a matter of minutes.
While the BTC price seems to be retracing, the most important level is found between $9,560-$9,620, between the 0.5-0.618 Fib levels.
The Litecoin Foundation and gaming industry stalwart Atari have joined forces in a multi-faceted agreement that will extend into multiple areas. This is a golden opportunity for Litecoin to tap into gaming platforms within the Atari ecosystem.
Among other things, the partnership will see Atari users gaining various incentives for using LTC to buy Atari Tokens and new consoles.
Leading cryptocurrency investment firm, Grayscale Investments, announced Tuesday that it has scored a new all-time high in assets under management (AUM).
Based on the company’s internal data, it is currently in possession of assets worth $3.8 billion, of which, $3.3 billion is being held in its flagship Bitcoin Trust fund.
tBTC, a new Blockchain is a digital ledger that’s used for storing data on several servers across the world in a decentralized, trustless... More token backed by Bitcoin, has been forced to shut down due to a glaring error in its code.
Apparently, the faulty code rendered users unable to pull Bitcoin back out from tBTC. Despite this hiccup, the team behind the project is optimistic that it will live on.
Ravencoin (RVN) has created a triple-bottom which is combined with a bullish divergence in the RSI. This is a sign that the price is likely to move upwards.
Meanwhile, another interesting coin to take a look at is THETA — especially now that it has already broken out and moved above a main resistance level.
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