30 Second Cryptocurrency Price Summary
Current Bitcoin Price: $11,372
Bitcoin price has maintained its position above the $11,300 level today, following a brief test of local support.
Top-20 altcoins have had a dull day of trading, as Ethereum falls just over 1%, XRP drops 2%, and Tezos takes a 4% hit.
Top Stories for October 15, 2020
The Mt. Gox trustee rehabilitation plan has been extended once again, this time until December 15th 2020.
The trustee is in charge of formulating a plan to distribute 150,000 recovered Bitcoins to victims of the Mt. Gox hack of 2014, however the process has been delayed multiple times.
Distribution of the 150,000 Bitcoins has been closely watched by Bitcoin traders, as the sudden supply may have a significant effect on the market.
Grayscale Investments has reported more than $1 billion in new investments over the third quarter of this year, setting a new quarterly record.
Quarter 2 investments into Grayscale products weighed in at $906 million, and the total investment value for 2020 has now reached almost $2.5 billion.
The Algorand Foundation has set up an accelerator program for Europe, which will support blockchain innovation in the region.
The program is funded by Eterna Capital and Borderless Capital, and will provide up to $500,000 to eligible startup projects.
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Source: Mt. Gox Trustee Rehabilitation Plan Extended Until Mid-December – October 15