Tag Archives: AA News

Popular TV host and long-time Bitcoin proponent Max Keiser believes that futures traders suppress Bitcoin’s price at current levels. However, once the asset explodes to Keiser’s intermediate target at $28,000, BTC’s amount for sale will evaporate as governments and institutions will purchase directly from miners. Keiser: Governments And Institutions Will Rush To Buy BTC Keiser recently tweeted that “the (temporary) Bitcoin price suppression scheme is a godsend for poor people...

The drama around OKEx started on Friday when news broke that the popular exchange had suspended all withdrawals from the platform.  Almost immediately, the cryptocurrency market reacted with price drops. Bitcoin lost about $350 in a few hours.  Shortly after, reports emerged that OKEx co-founder Xu Mingxing was taken by police officers over a week ago and hadn’t returned to work yet.  CryptoPotato reached out to OKEx for comments, and a company spokeswoman asserted that...

Coinbase has released its recent Transparency Report, and the results are not at all encouraging for privacy advocates and believers in an “anti-establishment” philosophy of cryptocurrencies. According to the company, out of 1914 requests for information it received, 1848 of them corresponded to subpoenas and interactions made by criminal investigation agencies, and only 66 came from civil or administrative agencies. Type of Information Requests sent by Law Enforcement...

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...

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...

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...

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...

In hopes of regaining the support of the cryptocurrency community after the ‘apolitical’ stunt, Coinbase has decided to fund ‘at-least’ two Bitcoin Core developers. This sponsorship act marks the debut for Crypto Community Fund, the exchange’s new grants program. Coinbase Shows Support For Bitcoin Development In a blog article released yesterday, Manish Gupta, EVP of Engineering at Coinbase, announced plans to sponsor at-least ‘two Bitcoin developers who contribute directly...

Bitcoin continues to struggle and has dropped by another 1% to about $11,300. The alternative coins bleed out and have wiped out most of the recent gains. These developments could be attributed to news that the popular exchange OKEx has seized withdrawals and is cooperating with a “public security bureau in investigations where required.” Bitcoin Loses Another 1% As reported a few days ago, the primary cryptocurrency marked a 5-week high of about $11,700. Since then, though,...