Around 80% of Tether is reportedly held by about 300 whale accounts, suggesting a highly concentrated ecosystem. The Massachusetts-based crypto market research firm Coin Metrics says that 318 addresses hold at least $1 million worth of Tether (USDT), comprising 80% of the global Tether supply. Bloomberg reported the company’s finding in a report on Aug. […]
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Stablecoin operator Tether mistakenly minted five billion USDT tokens on the Tron blockchain. Stablecoin operator Tether accidentally minted and subsequently burned 5 billion USDT tokens, Whale Alert tweeted on July 13. Whale Alert — a Twitter account dedicated to reporting large cryptocurrency transactions — noted that 50 million USDT tokens were transferred from cryptocurrency exchange […]
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The surge in crypto prices in Q2 of 2019 is backed by a respective growth in fundamental indicators… For crypto markets, the second quarter of this year has been the best three-month sequence since the bear turn of early 2018 put a brutal end to the dreams that the explosive growth of coin prices was […]
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Bitcoin stolen from Bitfinex back in 2016 has been moved from hackers’ wallets to an unknown address on June 7. A portion of bitcoin (BTC) stolen from Bitfinex crypto exchange back in 2016 has been moved from hackers’ wallets to an unknown address on June 7, based on several tweets by crypto transaction tracker Whale-alert.io. […]
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How OTC trading conquers the crypto world and why its volumes are drastically different from those of crypto exchanges. Here is everything you want to know. How are these issues solved? As the OTC market evolves, companies are working on building trusted custodial solutions and risk management systems. The OTC market is expected to continue […]
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The decentralized exchange developed by Binance warns that it will block access from 29 countries. The decentralized exchange (DEX) developed by major cryptocurrency exchange Binance will block access to users based in 29 countries. The DEX informs potential users of the restriction via a message that appears when accessing the platform from one of the […]
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There exists a possibility the abrupt fall of bitcoin to $6,400 could hinder the chances of an ETF approval. On May 17, bitcoin’s (BTC) price experienced a “flash crash,” dropping to $6,400 within minutes, which was triggered by a 5,000 BTC sell-off — equivalent to around $35 million at the time. An individual investor, speculated […]
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Cryptopia liquidation provides food for thought for potentially unsafe exchanges and their users. It goes without saying that exchanges command significant influence over the cryptocurrency market, being the exclusive portals for fiat into the world of blockchain. Exchanges are also the most significant winners of the cryptocurrency craze, and bank billions by raking in fees and […]
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A portion of the ether stolen from hacked New Zealand-based cryptocurrency exchange has been moved. A portion of the ether (ETH) stolen from hacked New Zealand-based cryptocurrency exchange Cryptopia has been moved and deposited to a different crypto exchange, according to an analysis. Crypto Anti-Money Laundering startup Coinfirm tweeted about their findings on May 20. […]
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Binance experienced a “large scale” data breach this week — here is what is known so far. Binance, one of the world’s largest cryptocurrency exchanges, experienced a “large scale” data breach on May 7. The hackers reportedly stole around 7,000 Bitcoin (BTC), worth more than $40 million as of press time. As the platform explained […]
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