No, It Wasn’t Craig Wright: Bitfinex Moves $1B in Bitcoin for 48 Cents
No cause for panic as a 123,447 BTC transaction turns out to be Bitfinex refilling its hot wallet Go to Source Powered by WPeMatico
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The Race to Lead 3 Class-Action Suits Against IFinex Over 2017 BTC Bull Run Is On
One of several active suits against iFinex has filed a request to spearhead the efforts for the entire class over alleged manipulation of the BTC market using Tether Go to Source Powered by WPeMatico
Win or Lose, These Crypto Whales Share Their Trades
Whales are mega-rich traders who inhabit the depths of the crypto seas. Theirs is a realm of dark pools, hidden order books, OTC deals, and rich list wallet addresses. Shunning publicity in favor of pseudonymity, most whales keep their trading and personal lives separated, with only the blockchain revealing the monster sums they shuffle between … Read more
Institutional and Retail Bitcoin Futures Demand Continues to Climb
2019 saw significant bitcoin derivatives action from firms like CME Group and Bakkt. This year, demand for CME’s bitcoin futures remains strong and the firm’s options products may be available this week. Additionally, Bakkt’s physically-delivered bitcoin futures have consistently seen growth in daily volumes and open interest in 2020. Despite the growth, institutional futures have … Read more
Bitfinex ‘Copycat’ Lawsuit Withdrawn and Then Refiled in New District
Ifinex Inc, parent firm of Bitfinex, finds its ongoing legal troubles further complicated as a November lawsuit has been withdrawn by the plaintiff and refiled in a new district. The company, whose close affiliations with both the Bitfinex crypto exchange and stablecoin Tether have continually raised suspicion, now faces at least three ongoing legal battles. … Read more
Bitfinex Market Manipulation Lawsuit Refiled in New York and Joined by Second Case
Bitfinex is now being hit by two class-action lawsuits simultaneously, alleging it manipulated the BTC market in 2017 Go to Source Powered by WPeMatico
Market Update: Top Cryptos Face Strong Resistance Ahead
On January 6, digital currency markets saw decent gains as the entire crypto market capitalization surpassed the $200 billion mark at 3:50 p.m. EST. Since then most cryptocurrencies have tested heavy resistance and a slew of assets are being held back. Moreover, crypto trade volumes have increased significantly and there’s been roughly $83 billion in … Read more
Stablecoins Are Crypto’s Version of Fractional Reserve Banking
Stablecoins provide much sought after stability in the volatile crypto markets. They are sometimes even said to affect the price of bitcoin in drastic fashion. Tether (USDT) in particular continues to be widely scrutinized for this, with recent lawsuits about conflicts of interest and price manipulation being hotly contested. More important to dive into, however, … Read more
Tron-Based Tether Has Ballooned to Over 900 Million Tokens, Almost 22% of Total Supply
Since Tether’s (USDT) migration to other networks beside the BTC-based Omni protocol, significant shifts have taken place seeing the heavily-printed stablecoin rise to prominence also via Ethereum’s ERC20 standard and Tron’s TRC20 implementation. Ethereum-based USDT supply currently sits at over 2.2 billion tokens, while the Omni equivalent stands at around 1.5 billion. The Tron network … Read more
Market Update: Crypto Traders Search for Bullish and Bearish Trends
During the last few days, digital currency markets have been meandering sideways and prices have been less volatile. On Sunday, during the last 24 hours, the entire cryptoconomy is hovering just below the $200 billion zone and there’s roughly $71 billion in global trades. Crypto proponents are still uncertain about the future trajectory and whether … Read more