BitMEX

Here’s How the Crypto Sector Is Navigating the Pandemic’s Challenges

Source Node: https://cointelegraph.com/news/heres-how-the-crypto-sector-is-navigating-the-pandemics-challenges
Time Stamp: April 8, 2020 12:01 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Despite hopes that a peak of the coronavirus cases is near, the pandemic continues to impact almost every aspect of daily life, becoming a rolling news ticker in itself. When such a disaster strikes, it can be easy to go through each day devouring the latest news as it occurs and digesting each piece as a story by itself without forming an overall picture.This pandemic is a seismic event with far-reaching impacts across different sectors, and crypto is no exception. In fact, because cryptocurrency markets move at breakneck speeds, the

Bitcoin Spikes by 2x in 26 Days: What’s Actually Behind the Big Rally?

Source Node: https://cointelegraph.com/news/bitcoin-spikes-by-2x-in-26-days-whats-actually-behind-the-big-rally
Time Stamp: April 7, 2020 2:33 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The Bitcoin (BTC) price has increased by two-fold in less than a month, surging from $3,600 to over $7,350. While traders believe a combination of many factors caused the upsurge, there are three main factors that likely contributed to it.The three factors are a significant surge in spot buys, a massively overextended plunge below $4,000, and the immediate recovery of BTC to major support levels.Factor 1: Bitcoin spot buys on the riseCoinbase, Kraken, Binance, Bitfinex and other spot exchanges saw a substantial spike in buy volume following the March 13

Number of Bitcoin Addresses With Small BTC on the Rise Since March Sell-off

Source Node: https://coinfomania.com/number-of-bitcoin-addresses-small-btc-on-rise/?utm_source=rss&utm_medium=rss&utm_campaign=number-of-bitcoin-addresses-small-btc-on-rise
Time Stamp: April 7, 2020 10:50 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Despite the massive sell-off on March 12, Bitcoin (BTC) continues to record increases in the number of addresses holding small quantities of BTC, according to crypto data provider, CoinMetrics. In its “State of the Network Report,” on April 7, CoinMetrics noted that addresses holding from one billionth (1/1B) to one hundred millionths (1/100M) of the total supply of BTC increased by six percent in the last 90 days. Also, the number of addresses holding from one hundred millionths (1/100M) to one ten-millionth (1/10M) of Bitcoin total supply raised by about

Cryptocurrency Exchange OKEx Tackles Small Balances With New Offering

Source Node: https://cointelegraph.com/news/cryptocurrency-exchange-okex-tackles-small-balances-with-new-offering
Time Stamp: April 7, 2020 6:37 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Cryptocurrency exchange OKEx announced a new feature that allows its users to convert small balances to the firm’s proprietary token OKB.OKEx announced on April 7 that the new product allows its user to convert all the crypto asset balances worth less than 0.001 Bitcoin (BTC) ($7.38 at press time) into OKB. The upper limit for conversion value is 0.01 BTC ($73.84 at press time), there is no limit on conversion time but the conversion is only available when the price fluctuates within 5%.A trader told Cointelegraph that small balance handling

BitMEX Operator Gives $400K Sponsorship to Cybersecurity Nonprofit

Source Node: https://cointelegraph.com/news/bitmex-operator-gives-400k-sponsorship-to-cybersecurity-nonprofit
Time Stamp: April 6, 2020 8:09 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

HDR Global Trading, the operator of crypto exchange BitMEX, is giving a $400,000 grant to the cybersecurity nonprofit Shadowserver Foundation.In an April 6 statement on the company’s blog, HDR Global Trading announced that it would offer $400,000 to the organization over the next four years. The BitMEX operator will be acting as a member of the nonprofit’s new industry alliance for Internet security.Richard Perlotto, Shadowserver Director, thanked HDR for “their rapid response to our call for help” and emphasized the organization’s commitment to fighting cybercrime. The director is referring to

Introducing the new Blockchain.com monthly newsletter — April Edition: “After the Dust Settles”

Source Node: https://medium.com/blockchain/introducing-the-new-blockchain-com-monthly-newsletter-april-edition-after-the-dust-settles-53995c8fc2af?source=rss----8ac49aa8fe03---4
Time Stamp: April 6, 2020 12:38 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The quality of information and data in crypto has improved in recent years, so you may be asking why another monthly newsletter?There are still some big data and analysis gaps in crypto. Crypto markets are nowhere near as widely served with reliable research and data as traditional markets. Indeed, the March 12–13th crypto stress test demonstrated there are also still some very significant issues with the state of crypto exchange infrastructure.What you can expect from our monthly newsletterOur intention with this newsletter is to avoid repeating what you can find

Both Crypto Derivatives and Spot Markets Post Record Volume in March

Source Node: https://cointelegraph.com/news/both-crypto-derivatives-and-spot-markets-post-record-volume-in-march
Time Stamp: April 5, 2020 3:06 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

CryptoCompare has published its monthly report analyzing the trade activity on crypto exchanges.The record-breaking crash of March 12 and 13 drove new all-time volume highs in both the spot and derivatives markets.March 13 sets record for daily spot tradesThe report states that March 13 produced the single greatest volume in the history of crypto assets — with all exchanges and markets producing $75.9 billion in trade activity over 24 hours.$54.3 billion of 71.5% of trades came from ‘Lower Tier’ exchanges, while ‘Top Tier’ exchanges generated $21.6 billion in volume.Despite Binance

7 Crypto Firms Targeted by 11 Lawsuits in New York

Source Node: https://cointelegraph.com/news/7-crypto-firms-targeted-by-11-lawsuits-in-new-york
Time Stamp: April 5, 2020 2:04 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Seven crypto companies have been targeted by 11 lawsuits that were filed in a New York federal court on April 3.The suits were filed by Roche Freedman — the same law firm representing the estate of the late Dave Kleiman in the ongoing dispute with self-proclaimed Satoshi Nakamoto, Craig Wright.Eleven lawsuits target seven crypto companiesThe eleven putative class action suits name dozens of parties including cryptocurrency exchanges Binance, KuCoin, BiBox, and BitMEX and parent company HDR Global Trading Limited, and alleged crypto issuers Block.one, Quantstamp, KayDex, Civic, BProtocol, Status, and the

Bitfinex Supplied ‘Most’ Liquidity During $3.7K Bitcoin Crash — Report

Source Node: https://cointelegraph.com/news/bitfinex-supplied-most-liquidity-during-37k-bitcoin-crash-report
Time Stamp: April 4, 2020 9:17 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Bitcoin (BTC) saw a “flippening” during its price crash to $3,700 last month — something that could reveal a new uncomfortable truth about exchanges.In its March Exchange Review released this week, monitoring resource CryptoCompare highlighted liquidity as a key metric which changed during last month’s extreme volatility.CryptoCompare: Bitfinex hit 40% of exchange volumeOn March 12, as Bitcoin prices collapsed in a matter of hours, it was notably one platform in particular which provided more volume, and hence liquidity, for traders.“Despite Binance and OKEx trading the most volume across all markets

Past Halvings in Review: Case for an Immediate Bitcoin Upsurge Is Flawed

Source Node: https://cointelegraph.com/news/past-halvings-in-review-case-for-an-immediate-bitcoin-upsurge-is-flawed
Time Stamp: April 3, 2020 2:15 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

The block reward halving of Bitcoin (BTC) has long been touted as an optimistic factor to drive the short-term price trend of BTC in the first half of 2020. Historical data, however, shows that the halving does not necessarily coincide with an immediate upsurge in the price of Bitcoin.On the Bitcoin network, miners create blocks that record Bitcoin transactions to essentially verify and confirm payment data using computing power. Through large-scale mining centers filled with ASIC mining chips and sophisticated equipment, miners use a large amount of electricity and have

Bitcoin Price Soars 15% to $7.2K But Breaking $8K Won’t Be Easy

Source Node: https://cointelegraph.com/news/bitcoin-price-soars-15-to-72k-but-breaking-8k-wont-be-easy
Time Stamp: April 2, 2020 1:43 PM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

Bitcoin (BTC) is trading at $7,106 representing an impressive 14.7% gain in the last 24 hours and 6.8% for today. Other global markets are also up off the back of President Trump’s comments around the likelihood that crude oil production will be cut back, which is one of the triggers which caused Bitcoin to slide from $9K to $8K in early March.Looking at performance relative to its peers, Ether (ETH) and XRP both continue to underperform versus Bitcoin as was the case last week. Bitcoin dominance remains at 66%. Cryptocurrency market