RATE Group | Bitcoin, other cryptocurrencies plunge after report on Goldman plans
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Bitcoin, other cryptocurrencies plunge after report on Goldman plans

07 Sep Bitcoin, other cryptocurrencies plunge after report on Goldman plans

Posted at 09:33h in Cryptocurrency News by

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Part of bitcoin’s appeal has been its anonymity. But that use case is also coming under fire. This week, industry veteran and Erik Vorhee announced that his cryptocurrency exchange ShapeShift would begin requiring customers to share personal information.

Rumors on Reddit of a bitcoin “whale” moving $1 billion worth of the cryptocurrency added to fears. One person with a massive holding of bitcoin deciding to sell could theoretically rock the markets.

“In these cases, perception can be worse than reality,” said eToro senior market analyst Mati Greenspan. “Bitcoin’s volumes across global crypto exchanges are now firmly above $6 billion per day, so even if this pirate whale decides to breach, it probably wouldn’t make much of a splash.”

Still, Greenspan pointed out that this week’s price…

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