Featured 

Exchanges Repeatedly Overloaded During Big Price Movements

The Problems Experienced by Exchanges May Have Contributed to the Intensity of Yesterday’s Crash All eyes have been on bitcoin in recent days, as btc ramped up to establish new highs and test the key area of $3000. When the area failed to hold prices began to retrace – triggering a crash of up to approx. 20 percent in just a few hours. Kraken, Coinbase, Gdax, and Poloniex were all reported to be experiencing technical difficulties during the crash – leaving many traders unable to manage or exit their positions. The problem…

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Featured 

Popular Demand Spurs Goldman Sachs to Start Covering Bitcoin

‘Due to Popular Demand’ Bitcoin.com recently reported on hedge funds quietly investing in bitcoin. An article by Zero Hedge on Monday confirms that hedge funds are actively trading the digital currency. In addition, fund managers that are clients of Goldman Sachs have also petitioned the firm’s chief technician Sheba Jafari to start covering it. Goldman Sachs subsequently released a client report called “GS Techs: Quick BTC” on Monday, according to the publication. “Due to popular demand, it’s worth taking a quick look at bitcoin here,” Jafari wrote, adding that the firm’s…

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News 

Bitcoin Picks up Steam in India as Young Traders Emerge

In India, young adults age 18-35 have jumped on the bitcoin bandwagon with a hope of gaining lucrative returns from the ensuing bitcoin gold rush. A June 5 India Economic Times article read, “The once non-descript bitcoin, a cryptocurrency, has returned more than 10 times since 2015, with the price of the digital instrument hitting a record Rs 225,000 a unit in the domestic spot market last week. Trading in bitcoins is gaining traction, especially among those aged 18-35 years and seeking to harness volatility for extra-ordinary returns.” The article…

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