Crypto Daily News: Bithumb Sees 40% Trading Volume Drop and Bitcoin Falls Despite NYSE News

In today’s edition of Crypto Daily News, we’ll cover why Bithumb has dropped nearly 40% in its trade volume and why Bitcoin (BTC) was unaffected by the NYSE news. Crypto Daily News: August 3rd, 2018 Bithumb Sees Slump in Trade Volume The world’s 13th largest cryptocurrency exchange by its current trade volume, Bithumb, has dropped a substantial amount since it was hacked back in June. Three days ago, the South Korean exchange halted all new user accounts, plus deposits and withdrawals, and its exchange volume dropped even further. In just…

Will Starbucks Make Buying Coffee with Bitcoin (BTC) Easier?

Bitcoin for coffee. It has a nice ring to it. But actually using Bitcoin (BTC) to buy coffee? Turns into a big mess real fast. However, that might be about to change. Starbucks just hinted that it might soon have a way to make using BTC to pay for coffee a whole lot easier for its loyalists. Bitcoin for Coffee Currently, it’s possible to buy Starbucks coffee with Bitcoin, but it isn’t an easy process. The global coffee giant in the past teamed up with Square, which accepts Bitcoin. However,…

Bitcoin has Dropped by 45% this Year, and Goldman Sachs Expects More

Goldman Sachs appears to have mixed feelings towards Bitcoin. Earlier in 2018, the bank said it was planning on opening a BTC trading desk. Yesterday, a former Goldman Sachs executive said a Bitcoin ETF was possible. Yet, in the Goldman Sachs midyear economic-outlook report, Bitcoin was reported to decline even more than it has so far already this year. Goldman Sachs Midyear Economic-Outlook Report According to the bank’s investment strategy group, Bitcoin’s price has declined by 45% this year, and it’s not going to stop anytime soon. Why, though? Sure,…

Bitcoin is Getting Bakkt! NYSE Owner to Offer Federally Regulated Market for Bitcoin

Announced this morning is some pretty major news that Bitcoin bulls have been waiting for; Intercontinental Exchange (ICE) – the trading giant that owns the New York Stock Exchange – has a goal of breaking Bitcoin into mainstream currency and it plans to do this by forming a new company called Bakkt.  Bakkt is soon to be launched by Wall Streets major player, but it also joins forces with some of America’s biggest companies including Microsoft and Starbucks.  What’s Going On? This morning ICE announced that its new company is…