Bitcoin Daily – April 18

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $7,052

Bitcoin price failed its attempt to break above $7,300 this weekend, falling back to the $7,000 mark.

Top-20 altcoins are mostly down over the last 24 hours, with Ethereum and XRP both down 2% each, while Bitcoin Cash suffers the largest loss of 4%. Stellar is the only top-20 coin in the green, up 1.5% today.

Top Stories for April 20, 2020 πŸ”₯

πŸ‘‰ dForce Hackers Begin to Return Funds to Exploited Platform

The hackers of the dForce decentralized finance network have reportedly started to return the funds they stole in a recent exploit, following negotiations with dForce.

99.9% of the networks funds were stolen in the exploit, worth $25 million. So far, 10% of the funds have been returned, in the form of HBTC and HUSD - both Huobi tokens.

πŸ‘‰ Very First Regulated Bitcoin Funds Launched in Hong Kong

Hong Kong's first regulated Bitcoin fund was launched yesterday by Arrano Capital, a blockchain-focused subsidiary of Venture Smart Asia Limited.

The fund tracks Bitcoin price, enabling investors to obtain Bitcoin exposure through a traditional financial tool and without the need for cryptocurrency knowledge.

πŸ‘‰ Coinbase Observes Rise in Deposits from Stimulus Checks

Prominent cryptocurrency exchange Coinbase has reported an increase in deposits and purchases of $1,200 of 300%, as compared to statistics from before mid-April.

The increase coincides directly with the issuance of 80 million stimulus checks by the US government, of exactly $1,200 each.

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