Data Appear to Contradict Bitfinex’s Dwindling Bitcoin Deposits Narrative
Bitfinex’s Bitcoin deposits diminished by 135,000 BTC and data appears to contradict the exchange’s rationale for this occurrence. Go to Source Powered by WPeMatico
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BitMEX Taunts Plaintiff: ‘Incorporated in Seychelles, Come At Me Bro’
The plaintiff in a lawsuit against BitMEX has asked a court to preserve thousands of email records that could show the exchange was operating illegally in the United States. Go to Source Powered by WPeMatico
Data Shows Bitcoin Options Markets Are Maturing Much Faster Than Futures
Data from the crypto analytical firm Skew.com shows that bitcoin options are maturing much faster than the futures markets launched in December 2017. Skew’s data shows that the open interest in bitcoin options has risen significantly in the last few months. Bitcoin options “are starting to play catch up with the more mature futures market,” … Read more
Users Punish Coinbase for Outage by Withdrawing Record Amount of BTC
Coinbase experienced its highest single-day net BTC withdrawal in the wake of the outage incident, with even the author of “Black Swan” quitting the exchange. Go to Source Powered by WPeMatico
CoinMarketCap Users Are Calling Out the Latest Exchange Rankings
The community is taking issue with the fact that BitMEX is ranked 175th by CoinMarketCap, but other derivatives platforms are not properly ranked as well. Go to Source Powered by WPeMatico
Bitcoin’s Flash Rally to $10,400 was “Fake”, Short the Cryptocurrency, Warns Renowned Trader Bollinger
Long time trader John Bollinger has warned that bitcoin’s flash rally to over $10,400 on Monday was fake, adding that losses might be on the way. “This is a Head Fake at the upper Bollinger Band for $btcusd,” tweeted Bollinger, inventor of the Bollinger Bands indicator. A ‘head-fake’ trade happens when an asset price makes … Read more
Volatility: $230M in BitMEX Liquidations Hit Bulls and Bears Alike
The extreme volatility of the past 24 hours has seen $230 million in both longs and shorts liquidated on BitMEX. Go to Source Powered by WPeMatico
Market Update: Bullish Bitcoin S2F Chart, 6-Digit Prices, Liquidations Prime Crypto Values
The price of bitcoin and a number of cryptocurrencies have been sliding downward in value during the last 72 hours, after bitcoin touched a high of $9,700 on May 30, 2020. On Monday, June 1, the price is up 0.06% and trading for $9,578 per coin during the morning trading sessions. The market capitalization of … Read more
BitMEX Rejects Bold Lawsuit Claims as ‘Clearly Rehashed’ Internet Bunk
Bitcoin price manipulation, money laundering and racketeering are just some of the complaints against BitMEX, but is there any merit to them? Go to Source Powered by WPeMatico
BitMEX Trading Engine Issue Triggers Concerns Over XBT/USD Liquidations
When it comes to dealing with the BitMEX platform, a lot of users are rather dismayed. Yesterday’s sudden outage triggered a brief visual XBT/USD price drop to $0, prior to the trading engine going offline. Centralized trading platforms often struggle to keep their service accessible at all times. Another bad day at the Office for … Read more