Bitcoin miner OTC balances reach 2-year high — Why it’s a bearish signal
The rising amount of Bitcoin OTC desk balances for miners indicates “significant selling activity” among miners.
Related Posts
QuadrigaCX Users Lose $190M as Speculations Over Cotten’s Death Swirl
The crypto community has recently been actively discussing the fate of QuadrigaCX’s 30-year-old founder, Gerald Cotten, who reportedly died in India from a fatal disease in December 2018. However, before the apparent passing, he took virtual keys for digital wallets and moved them into cold storage. Why did this story end so tragically, and has…
Bank of Japan Must Be Ready to Issue Digital Currency, Says Exec
The deputy governor of the Bank of Japan has said the institution must be ready to issue a central bank digital currency (CBDC) should public demand surge in response to technical developments.In a strong statement of a future-oriented vision for the bank, Masayoshi Amamiya told attendees at a seminar — as per a Reuters report…
Kujira team to build new THORChain app layer following ‘Rujira’ merge
DeFi project Kujira merged with three ecosystem partners to create an alliance to build THORChain’s app layer, backed by a new token.
SEC boss says DeFi platforms are ‘highly centralized’ and will need to register
SEC chairman Gary Gensler stated that many DeFi projects are “highly” centralized in certain aspects, as they are developed by a “core group of folks” who are incentivized to promote their platforms. 121 Total views 40 Total shares Gary Gensler, chairman of the U.S. Securities and Exchange Commission stated that DeFi is highly centralized in…
Cardano stablecoin protocol Ardana raises $10M in latest funding round
Private equity investors appear to be bullish on this novel stablecoin platform. 2294 Total views 27 Total shares Ardana, a stablecoin ecosystem built on the Cardano (ADA) blockchain, received $10 million in seed capital from a group of investors led by Three Arrows Capital and Ascensive Assets.Ryan Matovu, CEO and co-founder of Ardana, issued the…
No, Bitcoin withdrawals from exchanges are not inherently bullish for crypto
Crypto analysts on X (the social media platform formerly known as Twitter) and in YouTube interviews have been abuzz with talk about the trend of Bitcoin leaving centralized exchanges.On Aug. 29, the quantity of Bitcoin (BTC) held within exchanges saw a decline, reaching its lowest point since January 2018. While various factors might underlie this
Bitcoin price falls under $19K as data shows pro traders avoiding leverage longs
An $860 surprise price correction on Sept. 6 took Bitcoin (BTC) from $19,820 to $18,960 in less than two hours. The movement caused $74 million in Bitcoin futures liquidations at derivatives exchanges, the largest in almost three weeks. The current $18,733 level is the lowest since July 13 and marks a 24% correction from the…
Belgian investors lost $12M to crypto and forex scams last year
Losses due to crypto scams are on the rise in Belgium. 1069 Total views 20 Total shares Belgium’s financial watchdog has reported scammers stole up to $12 million from investor in the country using fraudulent ads. In an Oct. 5 warning from the Financial Services and Markets Authority (FSMA), the watchdog estimated that investors in…