• Bitcoin bear
    Opinion

    This pointless crypto selloff may have a point

    If it’s the weekend and it’s a selloff, it must be Korea

    Another exchange is hacked, and another selloff follows. It’s turning into a regular ritual in crypto land—if one sees a big drop in cryptocurrencies, merely google the words “bitcoin selloff” and “Korea” and you’ll get the news right away. This time, Coinrail was hit with a $40 million hack over the weekend, leading to a 10+ percent drop in bitcoin prices, along with others in the cryptocurrency complex. PANIC! PANIC! PANIC! PA—wait, what’s Coinrail? Quite frankly, we never heard of it. And neither have most people. It’s an insignificant exchange out of South Korea. Its volume doesn’t even show up on, say, CoinMarketCap or other sites when it comes to…

  • Asia & Australia,  Bitcoin,  Cryptocurrencies,  Ethereum,  Europe,  Regulation,  Ripple

    BeHODL the light! Sun shines on crypto market after a stormy week

    Cryptocurrency investors survive the agony, at least for now

    Bitcoin, Ethereum, and Ripple are regaining value after a brutal week that otherwise had the cryptocurrency world begging for mercy. A major market crash slammed these currencies and the rest of the crypto market. As these big three bounce back today, relieved investors are surely interpreting it as a sign that all is well and all will be well. Within the past 24 hours, Bitcoin climbed from nearly $9,000 to more than $12,000, Ethereum is up 6.8%, and Ripple came screaming back a 30% gain. So come on in, the water’s fine. The crash has been attributed to all kinds of perceived causes, but the markets got kneecapped by three…