Bitcoin price exceeded $ 18,500 for the first time since the beginning of 2018

Bitcoin price exceeded $ 18,500 for the first time since the beginning of 2018

Over the past month, the price of bitcoin has grown by 38% and today has reached $ 14,600, showing an increase of more than 6% over the past day.

Yesterday, it plunged from $ 17,000 to $ 19,520 during trading on the Asian bourses after Donald Trump's victory in Florida and other key states potentially diminished the chances of distributing the larger fiscal stimulus package promised by Democratic candidate Joe Biden. However, the rate quickly recovered and the cryptocurrency resumed its growth.

"We don't yet know what the post-election fiscal stimulus will be, but investors still believe the Fed will restart the printing press, which will play into the hands of bitcoin, whose supply is limited," said GSR trader John Kramer. ).

According to the latest data, Democrat Joe Biden's chances for the presidency have increased, but the final election results have not yet been announced. President Donald Trump is filing lawsuits in key states in an attempt to suspend vote counting through absentee ballot.

According to research firm Glassnode, the number of Bitcoin wallets holding more than 1 BTC has reached a new all-time high of 824,193.

Unexpectedly withdrawn 69,370 BTC were confiscated by the US authorities in the Silk Road case

According to the ministry, these bitcoins were stolen in 2012 and 2013 from the organizer of the Silk Road Ross Ulbricht (Ross Ulbricht). Behind the abduction was a hacker, whose identity is known to the US authorities, but in the documents he goes under the pseudonym Individual X. After the kidnapping of bitcoins, Ross Ulbricht threatened the hacker, but Individual X did not succumb to the threats and did not spend the stolen bitcoins.

OKEx Hired "External Legal Advisor" to Resolve Withdrawal Problem

According to the information on the OKEx website, the exchange also contacted some of the private key holders. OKEx previously stated that it could not approve outgoing transactions because one of the private key holders was unavailable due to ongoing police investigations. In the latest message, the exchange writes that it still cannot disclose details of what is happening due to restrictions related to the investigation.

"The officers who are helping the investigation are in good condition and cooperate with the police department," the report said........

US authorities confiscate $ 24 million in cryptocurrencies from a Brazilian criminal

The confiscated funds were in the wallets of Marcos Antonio Fagundes. In Brazil, Fagundes is accused of setting up an illegal financial institution, violating securities laws and money laundering.

Fagundes launched a fraudulent scheme in which he offered investments in cryptocurrencies over the Internet. The victims were attracted by the promised large profits, and they invested their cash, as well as transferred cryptocurrencies to the wallets of the criminal.

According to Brazilian law enforcement agencies, only a small proportion of the funds received were actually invested in cryptocurrencies, so Fagundes was accused of fraud.

DeFi token of Percent Finance project collapses 87% after $ 1 million was blocked in clients' assets

DeFi project Percent Finance, a fork of Compound Finance, has announced an issue with its platform that "could lead to permanent blocking of user funds."

As the developers explain, an update of the interest rate calculation model took place on Wednesday, due to which the USDC, WBTC and ETH markets were frozen. "You cannot lend, borrow, pay or withdraw assets from them at the present time," the project writes.

The volume of funds blocked in contracts is estimated at $ 966,000 (446,000 USDC + 28 WBTC + 313 ETH).

Other markets on the platform continue to function. Users are asked to repay existing loans and withdraw cryptocurrency. "Please do not take loans in any markets," the developers warn.

Project representatives contacted the Compound team, which confirmed that the assets could be frozen. Percent Finance hopes to withdraw their withdrawal through Circle, Coinbase and BitGo, which are the issuers of the respective centralized tokens. At the same time, it will most likely fail to restore ETH, in which there is about $ 125,000, the developers warn.

The Percent Token (PCT) plunged 87.5% to $ 0.017 amid this announcement, according to CoinGecko data. It has been trading on the Uniswap exchange since mid-September and peaked at about $ 28 at the start.