More than a decade ago, Kevin Day, a Nebraska cryptocurrency trader, narrowly missed becoming one of the richest people in the world when a Bitcoin market crash nullified his groundbreaking trade. In June 2011, Day tried to buy 259,684 Bitcoins in the middle of an unprecedented price plummet. At the time, those coins were worth
Traders in the crypto leveraged market saw massive losses when Bitcoin suddenly plunged below the psychological $100K support line. According to data from CoinGlass, the event triggered liquidations across the market valued at more than $1.08 billion, of which over 80% were long positions amounting to approximately $817 million. The largest single liquidation order occurred
Today marks the 16th birthday of Bitcoin’s foundational white paper, written by its pseudonymous inventor Satoshi Nakamoto. On October 31, 2008, Nakamoto had published a white paper with the title “Bitcoin: A Peer-to-Peer Electronic Cash System” on a cryptography mailing list. It thus described a dream for a decentralized, peer-to-peer network that would use a
