Markets

Hackers had a field run a couple of days ago, targeting the popular retail-oriented trading application Robinhood. Almost 2,000 Robinhood Markets accounts were compromised in a spree that saw customers’ funds siphoned off, according to a Bloomberg report. Robinhood disclosed that a “limited number” of their customers had been struck by hackers who managed to gain access through breaches of personal email accounts outside of the application. “The security of Robinhood...

Following yesterday’s $350 price lost for Bitcoin, the asset has remained relatively calm around $11,350. Most larger-cap altcoins have also seized the free-falls with Ethereum trading near $370 and Ripple above $0.24. Bitcoin Sits Tight Around $11,350 News broke out yesterday that police officers had taken away the founder of the popular cryptocurrency exchange OKEx. Although the company reassured users that funds are safe on the platform, the negative news had an immediate...

Bitcoin, what once believed to be a “bubble” by many investors, has shown resilience in a series of black swan events and proved its worth as a profitable asset. Bitcoin has gained wider adoption over the years, with institutional investors such as Grayscale and MicroStrategy adding it into their portfolios. Recently, Jack Dorsey-led Square Inc. purchased 4,709 BTC to add to company reserves. When the news was released, bitcoin gained 4%.Retail investors are also accumulating more BTC for the...

Multiple prominent cryptocurrency exchanges have been hacked over the years with the most recent major case occurring with KuCoin. Despite extensive security measures, it appears as though hackers are always finding workarounds to access privately held user funds. Despite having extensive KYC requirements exchanges continue to fall victim to privacy hacks and compliance issues as well.Such events occur because the current cryptocurrency exchange infrastructure model is inherently flawed....

For the Pfizer and BioNTech coronavirus vaccine to be approved by the U.S. FDA, they will have to provide the regulatory body with at least two months of safety data.Shares of Pfizer Inc (NYSE: PFE) jumped approximately 2.19% during Friday’s pre-market to trade around $37.36, they continued their growth as the market opened. Now they are up 3%. On the other hand, BioNTech SE ADR (NASDAQ: BNTX) stocks jumped approximately 4.14% to trade around $94.12 during Friday’s pre-market. As the market...

Another week passed on the cryptocurrency market, and it surely wasn’t a boring one. The cryptocurrency started off strong, causing many to believe that it might finally breach the coveted $12,000 mark. However, the excitement was short-lived because, just today, news broke out that the founder of OKEx, one of the primary cryptocurrency exchanges, has been ‘taken by the police’ and hasn’t shown up to work for a few days now. More importantly, he’s also one of the private key...

Bitcoin Bitcoin saw a 4.3% price surge over the past seven days. The cryptocurrency was trading slightly above $11,000 last Friday as it started to push higher. Throughout the week, it managed to spike as high as $11,730 (1.414 Fib extension) but was never able to close a daily candle above resistance at $11,537 (provided by a 1.272 Fib Extension). Today, with the announcement that OKEx had halted their withdrawals, BTC took a tumble. It spiked into the support at $11,200 –...

A few hours ago, global cryptocurrency exchange giant OKEx halted withdrawals much to the chagrin of traders and investors. Bitcoin prices fell as a response to additional reports of founder Xu Mingxing being arrested over a week ago. However, what should be more concerning is the amount of BTC held by the exchange’s wallets. Data says that the value of holdings is easily worth $2.3 billion. Around 200,000 BTC Worth $2.3 Billion Stashed Up in OKEx Wallets After the latest...

Bitcoin has failed to hold above $11,500 for the second time this week as bears continue to drive prices back down towards the unfilled CME gap at $11,100 (GAP 2). CME bitcoin futures gaps appear because traditional markets close before the weekend and reopen the following Monday, while BTC continues to be traded 24/7. This means that if the leading crypto experiences high volatility over the weekend and the price changes dramatically when the traditional markets reopen, then...

One of the most popular cryptocurrency exchanges, OKEx, suspended withdrawals earlier today, which led to lots of confusion within the community and price slumps for the market. CryptoPotato reached out to OKEx personnel, including CEO Jay Hao, to shed some light on the entire situation. In the original statement, OKEx reasoned that the withdrawal suspension came because “one of our private key holders is currently cooperating with a public security bureau in investigations...