Data fails to conclude that Bitfinex shorts are depressing Bitcoin price

Data fails to conclude that Bitfinex shorts are depressing Bitcoin price

One of the most common errors traders make when analyzing cryptocurrency markets is taking an exchanges’ bid and ask data and traded volumes at face value. When doing this type of analysis, the trader has to exclude the trading venues mentioned on multiple ‘fake trading volumes’ reports, like the one Bitwise published in March 2019.There’s really no way to know if the top exchanges inflate their volumes by granting special access and zero fees for

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Bad call? Bitfinex bears closed a block of Bitcoin shorts before the drop below $32K

Bad call? Bitfinex bears closed a block of Bitcoin shorts before the drop below $32K

Bitcoin price is still in a rut, trading near $33,000 and trapped in a downtrend that just seems to get worse with the passing of each day. As the price slumps, analysts have consulted with several technical and on-chain metrics to explain the price collapse, but none of these have picked up on the exact reason. One area of interest has been the sharp rise in short positions at Bitfinex in the past week. Traders are

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‘Digileaker’ Claims to Have Stolen KYC Documents for 8,000 Digitex Users

‘Digileaker’ Claims to Have Stolen KYC Documents for 8,000 Digitex Users

An ex-employee of crypto exchange Digitex has leaked KYC documentation for and claims to have data for over 8,000 users. An ex-employee of cryptocurrency derivatives exchange Digitex began leaking stolen Know-Your-Customer (KYC) on Telegram. The stolen data reportedly includes passport and driving license scans and other sensitive documentation pertaining to more than 8,000 Digitex customers. The Seychelles-based exchange issued Cointelegraph a statement indicating that it is not currently able to comment on the incident and…

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Tether Launches Gold-Backed Stablecoin and Begins Trading on Bitfinex

Tether Launches Gold-Backed Stablecoin and Begins Trading on Bitfinex

Tether is now offering a gold-backed stablecoin, XAUT, which represents ownership of one troy ounce of gold held in a Swiss vault controlled by the company. Tether is now supporting a gold-backed stablecoin, Tether Gold (XAU₮), according to a Jan. 23 press release. One token represents ownership of one troy fine ounce of physical gold, currently worth approximately $1,550.The new product is available as an ERC-20 token on the Ethereum blockchain, as well as…

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