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Tag Archives: btcusdt

Bitcoin Worth $500 Million Withdrawn From OKEx as Users Look for Other Alternatives

Users withdrew a record 29,300 BTC from OKEx after the Malta-based cryptocurrency exchange resumed withdrawals yesterday. This comes after bitcoin (BTC) price kickstarted its epic freefall dropping to levels near $16,500 before bouncing back up again. But what is the reason behind the massive bitcoin exodus out of OKEx?OKEx Sees Significant BTC Withdrawals And DepositsAs per the latest update from on-chain and market analysis firm Glassnode, OKEx users have withdrawn a record 29,300 bitcoins...

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Bitcoin Black Friday 2020: The Sales You Better Not Miss

Black Friday is the day shoppers anticipate the most. Being regarded as the beginning of the Christmas shopping season in the US since 1952, Black Friday has also infiltrated almost every country with significant discounts on clothing, consumer electronics, home utilities, and more.The cryptocurrency space also provides compelling offers. Perhaps the most attractive one arrived yesterday as most digital assets, including Bitcoin, started an early Black Friday sale.Black Friday On The Crypto...

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The Calm After The Storm: Bitcoin At $17K As DeFi Rebounds

Bitcoin has recovered a bit since yesterday’s massive price drop to $16,250. Most alternative coins have also bounced off their most significant dips, and the total market capitalization has recovered over $30 billion in a day.Bitcoin’s Black Friday SaleFollowing weeks of gradual increases that led to BTC coming less than 3% away from its 2017 all-time high, the primary cryptocurrency plummeted yesterday.Bitcoin went from a high of $19,500 down to $16,250 in a matter of hours. In other words,...

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Russia’s Prime Minister Wants To Lead Crypto Usage In a ‘Civilized Direction’

Russia’s attempts to establish clear legislation on digital assets continue. During a recent meeting that was primary focused on the COVID-19 consequences on the country’s economy, Prime Minister Mikhail Mishustin made a few remarks on cryptocurrency regulations.Mishustin called them a “relatively new tool, the interest in which is constantly growing.” As such, he believes that the world’s largest country by landmass has to put into motion a plan to steer the market in a “civilized...

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Research Suggests Satoshi Nakamoto Launched Bitcoin From London

The anonymous identity of the creator of Bitcoin remains the most notable mystery within the cryptocurrency field, with numerous speculations on who (or how many) is Satoshi Nakamoto. The latest research on the matter asserted that Nakamoto lived and worked on BTC from London.The Researchers’ MethodologyAlthough the cryptocurrency community has seen a few claims (read mostly Craig Wright) insisting that they are Satoshi Nakamoto, the true identity of this mystery man (or men) is still a...

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$80 Billion Wiped Off Total Market Cap as Cryptocurrencies Get Massacred

The cryptocurrency market experienced a massive nosedive today. $80 billion from the total capitalization were evaporated as Bitcoin plummeted below $17,000, while the altcoins had it even worse with notable double-digit price drops.The Red Sea Among The AltcoinsThe alternative coins enjoyed the past few weeks with some remarkable increases. This led to yearly records for many altcoins, including Ethereum reaching $620 and Ripple at nearly $0.90.However, the situation changed suddenly in the...

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BTC Price Analysis: Bitcoin’s Next Possible Targets If The Sharp Correction Continues

Bitcoin price has crashed hard today in the wake of OKEx announcing the reopening of withdrawals one day earlier than initially scheduled.Hundreds of Chinese crypto miners who had been previously unable to cash out their BTC block rewards into fiat due to the exchange’s abrupt closure and the CCP’s clampdown on local OTC services are now supposedly dumping their BTC in droves.With it being Thanksgiving day today, too, not only does the timing of the reopening put US traders at a significant...

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6 Possible Reasons For Bitcoin’s $3,000 Daily Price Crash

Bitcoin lost nearly $3,000 in a few hours, resulting in a price below $17,000. From OKEx opening withdrawals, the US supposedly eyeing additional restrictive regulations and increased exchange inflows, here are a few reasons for which this might have happened.#1: OKEx Resumes Withdrawals: Chinese Traders Can Realize Mining ProfitsOKEx is one of the leading cryptocurrency exchanges in the Asian markets. As CryptoPotato reported earlier in October, the founder of the exchange was reportedly...

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Bitcoin Starts Thanksgiving Losing $1000 in Three Hours

So you bought some Bitcoin this week? How about a big red candle to celebrate Thanksgiving?After showing the fastest growth of the year, Bitcoin finally corrected, losing over $1000 in about 3 hours.At 0:00 UTC, Bitcoin was trading at $18869 on Coinbase. The price represented a breath of fresh air for traders and Bitcoin enthusiasts who were expecting a new ATH but were surprised by a downward correction on the afternoon of November 25th.Bitcoin embarked on a sharp correction, losing around...

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Japanese Giant SBI Group Launched A Crypto Lending Service For Bitcoin

Founded in 1999, SBI Group is a financial services company based in Tokyo, Japan. Apart from offering numerous traditional financial services, the SoftBank Group subsidiary announced today a new cryptocurrency-related endeavor.SBI Group has introduced a digital asset lending service through its cryptocurrency arm – SBI VC Trade.The statement informed that the platform, dubbed VC Trade Lending, will initially support only Bitcoin. However, plans include adding support for Ether (ETH), Ripple...

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