Bitcoin jumps 10 percent, Coinbase retracts announcement, new STO report released, top gainers, high volume, and more!
Bitcoin Jumps 10% in Wild Spike on Tuesday
In a matter of about 20 minutes, the price of Bitcoin ran up $600 or roughly 10%. According to Business Insider, “the huge spike in bitcoin’s price on Tuesday may have been driven in part by a squeeze on leveraged short sellers, according to market commentators.” Although the spike didn’t seem to correlate with any specific news, there has been increasing bullish sentiment surrounding big players moving into the market and the potential formation of a Bitcoin ETF.
Coinbase Retracts Announcement of Regulatory Approval to List Coins Considered Securities
According to CoinTelegraph, Crypto exchange and wallet Coinbase has retracted its previous statement that it received approval from the U.S. Securities and Exchange Commission (SEC) to trade in securities. Coinbase reported last week that it could operate as a broker dealer, after an acquisition of three brokerage firms. However, Coinbase reversed any such claims of regulatory permission this morning.
ICO Alert Releases New Security Token Offering Report: Moonlighting
Pete Keay of ICO Alert has released a new kind of report for the cryptocurrency space. This Security Token Offering report covers a project called Moonlighting, and includes information not commonly found in typical ICO reports. Check out the exclusive ICOAlert content here, which includes the following information:
- Company Income Statement & Balance Sheet
- Exclusive Q&A with the Founding Team
- Regulations Information for Investors