Online cryptocurrency exchange Bitfinex announced May 12 they are resuming fiat withdrawals for “specific customer profiles in certain jurisdictions.” Read more: Research Paper Suggests Bitcoin Volatility Will Match Fiat in Two Years They are processing these requests in descending order for customers who intend to withdrawal larger quantity of funds. These withdrawals will be on a one-time basis until more options for the
The Bitcoin ecosystem is thriving as the decentralized network continues to break new records in 2017. This month the Bitcoin network’s hashrate surpassed over four exahash per second adding one more milestone to the record books. Also Read: Bitcoin Startups Believe Africa Is Fertile Ground for Crypto-Solutions Bitcoin’s Hashrate Crosses Four Exahash The bitcoin mining environment has grown massive with
One week has passed since bitcoin exchange Bitfinex announced issues with banking partners and halted fiat withdrawals for its customers. Since then the price of bitcoin has been rallying upwards reaching new highs across global exchanges. As the price surges, Bitfinex prices have been $100 higher than at other exchanges, making traders worrisome a bubble is forming. Also read: SEC Approves
Key Highlights ETH price made a nice upside move towards $51.00 against the US Dollar where it found resistance, and moved down. There was a bullish trend line with support at $49.35 on the hourly chart (ETH/USD, data feed via SimpleFX), which was broken recently. The price may have started a downside move with a rejection near the $50.99 level.