Bitcoin News 23 June 2017 – Ethereum Flash Crash and Recovery

Bitcoin News Today – The Bitcoin price continues to look strong as it consolidates over $2700 – is it getting ready for another bull run past $3000? Some experts say that $5000 is in sight. Ethereum suffered a flash crash on the GDAX exchange and some traders gained and others lost causing an outrage.

 

In a statement by Vice President of GDAX, Adam White, the crash has been blamed on a multimillion dollar sell order that apparently drove prices from $317.81 to $244.48, resulting in a $29.4% loss of value. The order triggered over 800 stop losses, seeing widespread liquidations among traders in leveraged positions as reported by Bitcoin.com

 

 

Other news headlines:

How big is Bitcoin, really? This chart puts it all in perspective
Bitcoin potentially the most lucrative trading investment since Amazon
Traders Get Burned In Ethereum Flash Crash
Cambodian Central Bank Is Trialing Blockchain Technology
Have you been caught in a Fake Cloud Mining Scam?

 

US government’s main logistical agency is looking at blockchain as a way to re-envision its contract review process
Bitcoin Wallet Blockchain Raises $40 Million From Well-Known Investors
Media Adoption driving the Bitcoin price
Revolutionize Lending in the country through technology intervention by an organization similar to NPCI in India
Banks Must Disrupt Themselves, Not Consumers, Citi Fintech CEO

 

More Universities Add Blockchain Courses to Meet Market Demand
What are the differences between Bitcoin and Ethereum
What is an ICO – Initial Coin Offering
Top 5 Cryptocurrency ICOs for June and July 2017 – Civic in #1 spot
Famed investor Bill Miller discussed his thoughts on bitcoin with CNBC this past week – bullish about Bitcoin

 

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