20,000 Bitcoin (BTC) Short Claimed on Bitfinex: Bullish or Bearish?

Bitcoin Short Worth $200M+ Claimed On Sunday, a trader on Bitfinex claimed, not liquidated, 20,000 Bitcoin (BTC) worth of shorts — a position that was collateralized by over $200,000,000 worth of the cryptocurrency if unlevered. It is important to note that prior to the claim, there was a mass inflow of Bitcoin onto Bitfinex. For those unaware of the complexities of Bitfinex’s long-short trading system, the “claim” means that the trader (assumed to be one entity due to the speed of the claim) used funds in his/her/their margin wallet to…

Binance Coin (BNB) At Risk, May List Libra But Prices Are Down 12.1%

Binance Coin (BNB) down 12.1 percent Libra coin may be available at Binance upon launch in 2020 The exit of US clients will shave Binance’s trading volumes. To counter that, they may end up listing Facebook’s Libra upon roll out.  Talks are in a preliminary stage. Meanwhile, BNB is down 12.1 percent from last week’s close. Binance Coin Price Analysis Fundamentals It may be the largest exchange by trading volumes, but that title is under threat. With the SEC firm on their interpretation of what a security is, the exit…

Analysts Await Bitcoin (BTC) to Fall, Despite 20% Bounce From $10,400 –

Bitcoin Poised to Draw Down? Ever since falling by $3,000 to $10,400, Bitcoin (BTC) has done its best to get back on its feet. So far, it has done rather well, actually hitting $12,400 earlier this week, which is 20% from the local bottom. As of the time of writing this article, the cryptocurrency sits at $11,700, seemingly finding a foothold in this range. Despite this short bout of stability, which is a far cry from the volatility seen over recent weeks, some analysts are wary about an impending pullback,…

Bitcoin Rebounds Nicely, BTC Bulls Sighting Next Crucial Break

After a nasty upward move, bitcoin price corrected below $12,000 against the US Dollar. The price towards the $10,400 support and recently started a fresh increase above $11,500. There is a major contracting triangle forming with resistance near $12,300 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely to break to the upside above the $12,400, $12,500 and $12,800 resistance levels. Bitcoin price is showing a lot of positive signs above $11,600 against the US Dollar. BTC could continue to gain momentum once…

Dealer Fights Police over Bitcoin (BTC) Worth Millions –

Vancouver Police Department Accused of Withholding $2.5m in Bitcoin Despite the fact that the Bitcoin-friendly Silk Road in its original form is now long gone, there still remain court cases on the subject matter. For those who missed the memo, the Silk Road was the name of a popular, infamous online marketplace (situated on the deep/dark web) that allowed its users to trade an array of different goods, mostly narcotics, for BTC. However, it was shut down after U.S. authorities managed to capture those involved, including Bitcoin pioneer and now-convict…

Group of Digital Asset Trade Associations to Establish Global Cryptocurrency Association

A group of national trade associations representing the local Virtual Asset Service Providers (VASPs) announced their intention to establish an association to provide a global representative for firms in the industry in a press release shared with Cointelegraph on June 29. Per the release, the aforementioned Japanese trade association signed a Memorandum of Understanding (MoU) in Osaka aiming to establish the association. The associations that signed the agreement include the Australian Digital Commerce Association (ADCA), Singapore Cryptocurrency and Blockchain Industry Association, Japan Blockchain Association, Korean Blockchain Association, Hong Kong Blockchain…

Bitcoin (BTC) Firm Adding 19.3%, Iranian Authorities Seize Mining Gear

Bitcoin (BTC) up 19.3 percent China changing its wordings on Bitcoin Steadfast as they are, Bitcoin bulls could get a shot in the arm in days ahead. That’s albeit news of Bitcoin mining gear seizure in Iran. So far, BTC prices are stable and may thrash predictions if there is a surge past $13,300. Bitcoin Price Analysis Fundamentals After a mostly successful week, there is a predictable correction. Mild as it is, Bitcoin bulls are resilient, rejecting attempts of lower lows. However, considering how cautious market participants are, any correction…

Billions to Trillions: Crypto Assets and the Inevitability of Digitization

Ami Ben David is founder and CEO of institutional digital securities blockchain Ownera, co-founder of SPiCE VC, previously co-founder of Securitize and investor in security token companies.  The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for the institutional market, with news and views delivered every Tuesday. Sign up here. Ten years after the invention of bitcoin, the general market is starting to realize – with a big push from Facebook – that digital money using blockchain technology is coming. Behind the scenes, the next market is already kicking into gear…

Bitcoin Rebound Facing Resistance: More Downsides On The Cards?

After correcting towards the $10,400 support, bitcoin price recovered above $11,000 against the US Dollar. The price broke the $11,800 resistance, but it faced a strong resistance near the $12,400 level. There was a break below an ascending channel with support near $11,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might decline further towards the $11,000 before it could start a fresh increase. Bitcoin price started a decent recovery above $11,800 against the US Dollar. However, BTC is struggling to settle above $12,000…

IMF Predicts Central Banks to Issue Digital Currencies

The International Monetary Fund (IMF) believes that central banks may issue digital currencies in the future, according to a report by the IMF on June 27 According to the full paper, the IMF and World Bank conducted a survey on fintech that solicited answers from financial institutions within all member countries, and has based its conclusions in part upon the 96 received responses. According to the paper, several central banks in different countries are considering implementing some form of Central Bank Digital Currency (CBDC). Uruguay has reportedly launched a CBDC…