Top 5 Richest Bitcoin Addresses Belong to Exchanges

The richest Bitcoin addresses are owned by cryptocurrency exchanges. Collectively, these addresses hold less than 3.5 percent of all bitcoins. Richest Bitcoin Addresses Hold $3.1 Billion Not surprisingly, the top 5 wealthiest Bitcoin addresses belong to cryptocurrency exchanges. All of them hold a total of 592,943 BTC, which is currently worth around $3,150 billion. This […]

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Tether Intentionally Obliterates 500 Million USDT

Yesterday Tether quietly took 500 million USDT out of circulation, then promptly destroyed them. Tether Supply Shrinks By $500 USDT Yesterday the stablecoin saga took a new twist as Tether Limited, the company responsible for minting and distributing the USD-pegged ‘stablecoin’ Tether (USDT) 00, removed 500 million USDT from circulation and destroyed them. Blockchain data […]

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Bitfinex Reopens Deposits but Stays Silent About Bank Arrangements

Cryptocurrency exchange Bitfinex confirmed it has reopened fiat currency deposits for all users October 16th, while remaining secretive about changes in its banking relationships. ‘New, Improved And Increasingly Resilient’ In a blog post, the exchange, which on Thursday began restricting deposits for certain users, said it had finished implementing what it described as “a new, […]

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Crypto Exchanges Turn to Dubious Tactics to Offset 80% Volume Plunge

With trading volumes a whopping 80% lower than their January peak, some of the biggest trading exchanges are implementing controversial practices to stay profitable.  Exchange Listing Fees:  Pay to Play From the ‘stick’ of listing fees to encouraging ‘carrots’, the crypto exchanges are finding ways to get their money. Exchanges such as Binance (the world’s largest […]

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Silk Road Sell-Off? $800M Bitcoin Wallet Sees Mysterious Movement

Bitcoin community members continue to piece together the story behind a huge wallet containing over 111,000 BTC ($802 million) — which suddenly became active after over four years. Coins Go To Bitfinex, Binance The results of multiple analyses by Reddit user u/sick_silk reveal the owner of the wallet, which first appeared in May 2014 with […]

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Abnormal Tether Price Moves on Kraken Leave Analysts Puzzled

Massive trade orders on Kraken fail to sway the price of Tether any further than modest ones, leaving researchers and analysts puzzled. Unlikely Coincidences “USD-backed” Tether (USDT) is making headlines yet again for the dubious activity surrounding the token. A report from Bloomberg today details evidence that Tether markets on the US-based Kraken exchange are […]

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‘Precursor of Price Going Up’: Tether Grants Another $250M in USDT Tokens

Controversial stablecoin Tether (USDT) has issued $250 million dollars worth of tokens — which Litecoin creator Charlie Lee sees as a bullish sign.   ‘Precursor of Price Going Up’ Tether has issued 250 million tokens (worth US$250) on June 25, according to Omni explorer. This follows its previous grant issued on May 18 of another $250 […]

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‘Really Un-Tethered?’ Bitcoin Price Manipulation Returns With New Research

Wilma Woo · June 13, 2018 · 1:00 pm Days after Tether (USDT) gained a higher market cap than Monero and Dash, new research has reignited suspicions that the altcoin “manipulated” Bitcoin prices.  Cryptocurrency Highs Fuelled By Tether The product of two researchers at the University of Texas, the paper — titled Is Bitcoin Really Un-Tethered? […]

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EOS Moves Major Amounts of Ether to Bitfinex, Sparking Market Concerns

Georgi Georgiev · June 2, 2018 · 6:00 am Ethereum’s public blockchain has provided definitive evidence that EOS recently sent 200,000 ether (ETH) to Bitfinex. This leaves the EOS crowdsale’s smart contract with just over $1 million worth of ETH.  Big Money Movement EOS — a blockchain-powered infrastructure for decentralized applications (DApps) — has gained substantial […]

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