Good morning Bitcoin: Biggest derivatives exchange in sight of regulators in the US

Bitcoin

The current price for one Bitcoin (BTC) is currently $10,466.12. That’s -3.85% more than 24 hours ago.

If you now want to buy Bitcoin Evolution for $100 you will get about 0.0096 BTC for this.

The total market cap is $193,682,280,315.16 with a circulation of 18,505,643 BTC.

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BitMEX with $2 billion of Bitcoin sued in cash by watchdog US

Bitcoin derivatives exchange BitMEX has been sued by the U.S. Commodity Futures Trading Commission (CFTC). The complaint is clear: according to the CFTC, BitMEX operates without the proper papers and licenses.

Also, the exchange does not comply with the anti-money laundering guidelines of America. The ecosystem around bitcoin is increasingly being squeezed into a straitjacket of (international) rules. This has consequences for the market and the players in the industry.
Cambridge research: ‚76% of Bitcoin miners use green electricity‘.

76% of Bitcoin miners worldwide use renewable energy. According to a study by the University of Cambridge. They combined the results of two online surveys among 280 organizations.

The researchers also included other cryptocurrencies that use the proof-of-work (PoW) mechanism.

PoW is a mechanism to confirm transactions and to produce blocks for the blockchain. Bitcoin is the best known variant. Miners compete through computing power to find blocks.
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Bitcoin price falls 7% in September, sharpest correction since March

September is historically not the best month for Bitcoin and 2020 is no exception. The month ended with a minus of 7% on the Bitcoin Price Index. It’s the sharpest correction since March, when the price plunged to $3,850 due to panic on all global markets.

At the time, investors were fleeing en masse to cash. As a result, all assets on the board (equities, gold and bitcoin) lost more than 25% against the dollar.

Logically, the dollar price recovered last month, as a second wave of the Corona virus reappeared in the US and Europe. The so-called Dollar Index (DXY) rose 1.8% in September, the first increase since March.
Stay tuned