Bitcoin is on the rise. After yesterday’s impressive surge to $7,600, the currency has once again defied all odds and spiked beyond the $8,000 mark. At press time, bitcoin is trading for just over $8,100, and is once again reminding enthusiasts of why they got involved in crypto-trading in the first place. The currency had experienced quite a few nasty runs over the past few weeks. While it never seemingly dropped below 6,600, the resistance levels between $6,700 and $6,900 were proving to be tougher than the coin could handle. Bitcoin hovered within this range for some time, and manyPowered by WPeMatico
It has been rumored for some time now, but Monex will finally buy Coincheck. It seems the transaction will be completed for the sum of $33.59 million, which is a lot lower than people initially expected. For the troubled Japanese cryptocurrency exchange, this news comes at a very intriguing moment. How this acquisition will affect the trading platform remains to be seen. Coincheck Finds a new Buyer The year 2018 has been quite a troublesome one for Japanese cryptocurrency exchange Coincheck. Even though the company is one of the more solid trading platforms in Japan, the hack which saw 500 million
Following a rough two-week period, it seems like the predictions regarding bitcoin’s alleged recovery might be coming true. Yesterday saw the currency trading at roughly $7,100. A $300+ jump is now in the books, and at press time, bitcoin is trading for just shy of $7,500. This is a near five percent spike in less than 24 hours. The move likely stems from the recent report that Japanese cryptocurrency exchange Coincheck is on course to be rescued. Last January, Coincheck was the victim of one of the largest hacks in history. The platform lost over half-a-billion dollars in NEM coins