..

Bitcoin Continues to Surge Past 11K, Bitcoin Cash Up 13.8 Percent

Written by:
Aaron Goldstein
Published on:
Jul/28/2020

Bitcoin once again was trading above the 11K mark Tuesday as the digital currency continues to surge.

Daily volumes for bitcoin options hit a new all-time high on Deribit with the Panama-based derivatives exchange tweeted Tuesday morning that over 47,500 contracts for bitcoin options traded in a single day on Monday.

Deribit said the total value of these contracts came to $539 million.

“With gold nearing a new all-time high, and equity asset prices getting more expensive, I believe the market is anticipating inflation and a weaker dollar,” crypto podcaster and trader Brian Krogsgard, also known as Ledger Status on Twitter, told me in a July 22 message. “I struggle to see the downside for bitcoin in such an environment,” he added.

“I don't know how far the market could go, but I anticipate bitcoin will challenge prior highs in 2021.”

Bitcoin Cash meanwhile remained bullish after witnessing a growth of 6.34 percent in the charts. It was priced at $290, up 13.8%.

Business/Financial News

Florida Teen Arrested as Mastermind of Twitter Bitcoin Scam

Florida Teen Arrested as Mastermind of Twitter Bitcoin Scam

In one of the most high-profile security breaches in recent years, bogus tweets were sent out on July 15 from the accounts of Barack Obama, Joe Biden, Mike Bloomberg and a number of tech billionaires including Amazon CEO Jeff Bezos, Microsoft co-founder Bill Gates and Tesla CEO Elon Musk. Celebrities Kanye West and his wife, Kim Kardashian West, were also hacked. 

Bitcoin Back Up Above $10K Sunday

Bitcoin Back Up Above $10K Sunday

After several weeks of trading in narrow ranges, bitcoin breached $10,000 on Sunday for the first time since early June.

Wozniak Sues YouTube Over Bitcoin Scams, Did Twitter Employees Aid Hackers?

Wozniak Sues YouTube Over Bitcoin Scams, Did Twitter Employees Aid Hackers?

Apple co-founder Steve Wozniak announced he will be filing a lawsuit against YouTube, claiming the site failed to remove a s

3 Minute Sportsbook Payouts at BetOnline!  Whales Move USDT 110,000,000 in 1 Hour

3 Minute Sportsbook Payouts at BetOnline! Whales Move USDT 110,000,000 in 1 Hour

Talk about fast online sportsbook payouts, one customer of BetOnline reported via Twitter he received his within - drum roll please - three minutes.

FBI Hunts for Bitcoin Scammers in Massive Twitter Hack

FBI Hunts for Bitcoin Scammers in Massive Twitter Hack

The Federal Bureau of Investigation is leading an inquiry into the Twitter hacking, according to sources familiar with the situation, as more Washington lawmakers raised alarms about the breach of high-profile accounts on the social media platform.

Syndicate