Coming every Sunday, the Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link.
Bitstamp Starts Investigation After Large BTC Sell Leads to $250 Million Liquidated on BitMEXMajor crypto exchange Bitstamp launched an investigation this week after a large bitcoin (BTC) sell order heavily impacted its order book. Bitstamp reported on the execution of the large bitcoin sell order from BTC to United States dollars, without specifying themselves the details of the transaction. Other crypto media noted that it involved a sell order that led to a liquidation of $250 million long positions on the BitMEX exchange with 5,000 BTC sold at $6,200, which further resulted in price declines on other crypto exchanges. Some crypto commentators suggested that the sell order could be made by mistake, with the order’s owner having meant to sell his/her bitcoin at $8,200 instead of $6,200.Flexa Launches App Where Shoppers Can Spend Crypto at 15 Major U.S. RetailersPayments startup Flexa unveiled an app this week that allows consumers to spend cryptocurrencies at major American retailers. The app, called Spedn, is currently set up to work with retailers including Barnes & Noble (NYSE:BKS), Bed Bath & Beyond (NASDAQ:BBBY), GameStop (NYSE:GME), Lowe’s (NYSE:LOW), Nordstrom (NYSE:JWN), Office Depot and Whole Foods Market, with more stores to be added in the coming months. Stores that aren’t able to accept cryptocurrency will require the crypto to be instantly converted to fiat when an item is purchased. As of now, purchase on Spedn can be made with bitcoin, ether (ETH), bitcoin cash (BCH) as well as the gemini dollar (GUSD) stablecoin.
Bakkt to Roll Out First Bitcoin Futures Testing in July 2019EBay Denies Rumors It Will Start Accepting Crypto, Despite Advertising at Crypto EventJoseph Lubin on Ethereum 2.0: ETH to Become 1,000 Times More Scalable Within 24 MonthsFloyd Mayweather and DJ Khaled Escape Lawsuit Brought by Defrauded ICO InvestorsTron Co-Founder and CTO Leaves Project, Alleging Excessive CentralizationHacked New Zealand Exchange Cryptopia Appoints Liquidators, Trading SuspendedMajor Crypto Exchange in Korea Shut Down in April: 2018 Was a Nightmare for MostWhat Crypto Exchanges Do to Comply With KYC, AML and CFT RegulationsBlockchain as Key to Vienna’s Digital Future — Interview with Ulrike Huemer, CIO of Vienna, AustriaContinue Reading on Coin Telegraph
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