Bitcoin Struggles to Maintain Its Momentum as $11,000 Selling Pressure Grows At the time of writing, Bitcoin is trading down marginally at its current price of $10,850. This marks a notable surge from its recent lows of $9,900 that were set just over a week ago, but the cryptocurrency still remains down from recent highs of $12,400 that were set at the end of August. Binance CEO Changpeng Zhao has apologized for causing concern among the crypto community when he openly spoke about the possibility of a rollback for the Bitcoin blockchain following confirmation of a hack leading to the theft of USD 40 million worth of bitcoins on its platform.. The rollback had caused a sharp backlash, particularly among Bitcoin-only communities, aghast at the very concept ... A recent podcast by Planet Money, reflected on a bet made 5 years ago between Bitcoin bull and venture capitalist Ben Horowitz whose firm has made investments worth over USD 50 million into crypto and financial journalist Felix Salmon, paints a peculiar angle on Bitcoin adoption. Currently (mid-2020), it contains around 70% Bitcoin, 10% Ethereum, 5% Ripple, 2.5% Bitcoin Cash and Tether, between 1 and 2% Bitcoin SV, Litecoin, Binance Coin, and EOS, and below 1% OKB (OKEx ... Binance says hackers accessed some user API keys, 2FA codes, and stole 7,000 bitcoins worth ~$41M; it will use its Secure Asset Fund for Users to cover the loss — Hackers stole more than 7,000 bitcoin from crypto exchange Binance, the world's largest by volume, the startup reported Tuesday. The new year has found some sort of normalcy but some coins have been better poised than others. For example, Ripple, which has almost gleefully accepted this importunity and rapidly expanded into the banking and international transactions sector. Their new partnerships have continuously been a shining example of how to work in this space. One of their major partners, SBI [Strategic Business ... "With bitcoins, transfers can take place across continents and timezones with no problems, no timelags, and only minuscule transaction fees," wrote economics reporter Felix Salmon in 2013. Until the beginning of this year, bitcoin fees tended to be well below $1, and often less than $0.10. Bitcoin supporters liked to point out that fees on the bitcoin network were often a lot less than the ...
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