A scam involving fake crypto exchange tokens, fast sports-cars, and mansions had all the ingredients of a Hollywood thriller—minus the bad guys going scot-free in the end. This week, authorities in China busted a local scheme perpetuated by college kids looking to make a quick buck; with the latter ending up making millions in the Read more…
Tag: huobi
Bitcoin exchange balances shrink to yearly-low; Ethereum exhibits an opposing trend
Bitcoin halving hype has faded and the coin hasn’t had any violent price swings since the event. Over the past few weeks leading up to the halving, BTC accumulation rose to record levels as hodlers in
The post Bitcoin exchange balances shrink to yearly-low; Ethereum exhibits an opposing trend appeared first on AMBCrypto.
Tether’s Dominance Solidified as more Exchanges Launch Bitcoin USDT Futures Contracts
In brief: In the last week, two prominent crypto exchanges have launched Bitcoin USDT perpetual contracts. They include Bybit and KuMex (KuCoin’s derivatives platform.) Tether (USDT) is ranked 4th according to market cap. Its website states the company has $6.229 Billion in assets. Trading of Bitcoin futures contracts has become more popular as crypto traders Read more…
Bitcoin Price Dropped Below $7,000 Likely on PlusToken Dumpers
Bitcoin price broke down below the psychological level of $7,000 late on Monday. The cryptocurrency updated the December low after blockchain researcher Chainalysis said that PlusToken scammers were selling coins to cash out. Bitcoin Dragging Down Crypto Market At the time of writing, the cryptocurrency fell 3.11% in the last 24 hours, touching the daily Read more…
Bitcoin: 220,000 BTC Bought in November 2017 Hasn’t Moved
New research has indicated that over half of bitcoin’s circulating supply has not moved in over a year. This narrative suggests that the store of wealth notion is still strong and short term speculation may not be the dominant force on BTC markets. Almost 60% of Bitcoin Unmoved Research by industry analysts Delphi Digital suggests Read more…
Bitcoin Price to Continue Upward Trajectory Over the Next 5 Years
Despite the recent price struggles for bitcoin, Spencer Bogart says the top-ranked crypto will continue to see an upward growth trajectory in the next five years. The Blockchain Capital partner also doesn’t see Chinese policies as having a significantly negative impact on BTC’s performance. Bitcoin Price Will Perform Better in the Next Five Years In Read more…
Huobi, OKEx Avoid Being ‘Iced Out’ by Chinese Government
China favors some crypto exchanges before others, with Huobi rising as one of the favorites. Recent analysis of the Chinese crackdown against the crypto sector showed that not all companies were necessarily created equal. Minor, Shady Markets Face the Worst Crackdown Both Huobi and OKEx will see more favorable acceptance, commented Matthew Graham, CEO of Read more…
Bitcoin Breaks $7,000 as Whale Dumps on Huobi
Bitcoin kept bleeding on Friday, extending the gradual losses from the past weeks. BTC broke below $7,000 just around the time US markets opened on Friday, sliding to $6,791.46. Is the Bitcoin Whale the Plus Token Scammer? The reason for the breakdown of bitcoin may be the wallet of the Plus Token scam, which is Read more…
Who Caused the 42% Bitcoin (BTC) Rally?
The Bitcoin rally late last Friday added a dramatic 42% gain to its peak at above $10,000. The days before that saw seemingly disconnected “whale” transactions going to exchanges. Chinese Traders Not the Whole Story But then, the markets were on fire, with the common cause seen as “the Xi Effect”. The recent statement by Read more…
3 Reasons Bitcoin Price May Hit $20,000 by Year-End
Days after a depressing flash crash, Bitcoin had a mind-bending rally, snapping up a 42% gain. BTC moved up from $7,500, briefly touching $10,000. Then the leading coin settled around $9,500, but in just a few short days, the market sentiment was repaired. The path seems open for bitcoin to stage an end-of-year rally, with Read more…