Bitcoin’s price rallied by about 10 percent during the last 24 hours, and once again surpassed the $8,000 mark to settle on a press-time price of $8,201. That rally came after a chaotic week that saw prices push to around $8.300 before dropping about $1,000 in less than an hour. That drop was reportedly triggered by a large-volume sale on Bitstamp and subsequent panic selling by crypto traders.
Coinbase announced Friday that its Coinbase Earn program is now open to users in more than 100 nations around the world. The program, first piloted in late 2018 on an invitation-only basis, allows Coinbase users to earn cryptocurrency by taking part in various educational tasks. According to the blog announcement:
Democrat Presidential candidate Andrew Yang may not be leading the pack of contenders at this early stage in his party’s race for the nomination, but it isn’t for lack of vision and bold ideas. At the recent Consensus conference in New York, that vision took center stage as he suggested that a President Yang would work to ensure that blockchain becomes an important part of the country’s future.
Poloniex has announced that U.S. customers will no longer be able to buy or sell nine cryptocurrencies on the exchange, due to uncertainty about whether the tokens in question will be viewed as securities by American regulators. The nine coin markets disabled for U.S. customers include ARDR, BCN, DCR, GAME, GAS, LSK, NXT, OMNI, and REP.
New Zealand-based cryptocurrency exchange Cryptopia announced Wednesday that the company is being liquidated. In a press release on its website, the exchange confirmed the appointment of liquidators from accounting firm Grant Thornton New Zealand to secure assets and resolve the company’s outstanding obligations.