Tag Archives: Cryptocurrency News

According to data published by Datamish, $651 million in BTC was liquidated on BitMEX as the bitcoin price abruptly plunged by more than $1,500 within merely several hours, causing most major crypto assets like Ethereum and EOS to plummet by nearly 20 percent. $651 million long contracts on BitMEX liquidated as the bitcoin price drops $1,500 | Source: DatamishLiquidation on margin trading platforms like BitMEX describes the process in which traders lose their entire positions that are...

Accusations of wash trading from the Blockchain Transparency Institute (BTI) have prompted OKEx's CEO to challenge BTI to a wager, which has opened up an entirely new can of worms. Wash trading, a form of market manipulation, is often used to create artificial marketplace activity to draw in more investors. Last week, a report from BTI alleged that 90% of OKEx exchange's volume was falsified via wash trading. Today, OKEx CEO Jay Hao invited researchers to partake in a bet. Hao staked 100...

The price of bitcoin just collapsed down through its long-standing support above $9,000 to almost $8,500. At the time of this writing, the market-leading cryptocurrency is trading around $8,600 — but the extremely volatile nature of this move could have the price affected at print time. The Descending Triangle Proves Its Bearishness Many technical analysts have been drawing a descending triangle for months now, which — per classical technical analysis theory — is a bearish pattern. Though...

Coincheck’s parent company Monex Group has voted to grant crypto to shareholders as a mid-term benefit in addition to regular redeemable points. In a statement, the Japanese online brokerage firm indicated that for fiscal year 2019, shareholders will receive bitcoin as a mid-term benefit. Monex Group will reward its shareholders with bitcoin. | Source: monexgroup.jpThis will apply to shareholders who are holding the company’s stock as at the end of this month. To benefit, shareholders must...

Bitcoin's network took an abrupt turn this month as a prior rally for bitcoin's hashrate took a swift dive down 40%. Bitcoin hashrate flash crashing down 40% | Source: Blockchain.comData from Blockchain.com shows bitcoin's hashrate flash crashing from a previous high of around 100 exahashes per second (EH/s), to a relatively lackluster 68 EH/s, in the space of 24 hours. Oscillating fluctuations of this nature are relatively common in bitcoin's hashrate -  as depicted by the chart above....

The People’s Bank of China (PBOC) has no timetable on when it will launch its digital currency. This is according to the bank’s governor, Yi Gang, who revealed that the bank was taking its time to research, test, evaluate, and prevent related-risks before releasing the digital currency to the public. First reported by The Global Times, an English daily under the state-run People's Daily, the statement effectively stamps out rumors of China hastening the launch of its digital currency ahead...

Last week, the promise of an emerging era of quantum computing seemingly became a reality as Google released a new scientific paper claiming "quantum supremacy." While this could have a tremendous impact future of mankind, fears arise that it may also pose a giant threat to bitcoin. The paper was recently uploaded to NASA.gov and promptly taken down. An insider from Google relayed that the document was likely erroneously uploaded before any peer review could take place. This meant that any...

Following months of delays, Bakkt finally launched its long-awaited bitcoin futures market on Sunday evening. Cryptocurrency bulls like Tom Lee believe Bakkt's arrival is a watershed moment, an industry-bending event that will change bitcoin's story forever. You wouldn't know it from the charts though. The bitcoin price is down, and early trading volumes haven't been particularly impressive. Bakkt's BTC contract has been thinly traded so far. | Source: ICECrypto Analysts Remain Wary of...

Reports indicate that the U.S. dollar will have the largest representation in the basket of currencies that will underpin Facebook's forthcoming Libra cryptocurrency, sparking renewed fears that the greenback's reserve-currency status will be upended by the social media network. Dollar Will Dominate Libra’s Basket of Currencies According to Spiegel Online, the U.S. dollar will make up half of the basket. The other currencies that will make up the rest of the basket are the euro (18%), yen...

Arthur Hayes, the CEO of BitMEX, the most widely utilized BTC margin trading platform, has opined Satoshi Nakamoto, the creator of bitcoin, is likely dead. “I think they’re already dead,” said Hayes about Satoshi, adding that he does not believe the identity behind the creator of bitcoin will ever be revealed. Satoshi is said to have 980,000 BTC, worth $9.716 billion based on the current value of bitcoin at $9,913. BitMEX CEO Arthur Hayes. | Source: Source: YouTube/BitMEXEarlier this year,...