XBT/USD Analysis: Bitcoin Delays Breakdown But $6,000 Still Beckons – BitMEX Margin Trading

December 5th, 2019

Bitcoin has managed to defend the crucial support at $7,000. The downside price action follows a rejection from levels around $7,900. Bitcoin recovered significantly, pushing against several barriers from the recent slump to $6,530. The losses failed to find support in several areas including $7,700, $7,500 and $7,200. Meanwhile, the price is teetering at $7,193…

A Whale Moves Over $310 Million USD in BTC From Bittrex For a Mere $1 USD Fee

December 4th, 2019

A large transaction of over 43,000 BTC has been moved from Bittrex cryptocurrency exchange wallet to an unknown wallet according to, a bitcoin explorer. 43,654 BTC Moved From Bittrex A giant amount of over 43,654 BTC, currently worth slightly over $310 million USD, has been moved from one of the largest crypto exchanges, Bittrex,…

Litecoin Foundation with Charlie Lee Endorses Dev Working on MimbleWimble

December 3rd, 2019

The Litecoin Foundation set up a Dedicated Trust Fund towards the development of privacy and fungibility in LTC. David Burkett, the developer of Grin++, will be working closely with the Litecoin Foundation to implement MimbleWimble for Extension Blocks. These will be used along with the Litecoin blockchain to provide the complete fungibility of the network….

Scam Alert: IDAX CEO Still Missing, Speculations of An Exit Scam Arise

November 29th, 2019

Post the announcement of IDAX withdrawal channel congestion on the 24th of November, access to all cold wallets and any deposit/withdrawals has been restricted. If speculations are to be believed the backlog of withdrawals is likely due to the company’s decision to leave the market in China. Is it another Exit Scam? On the 24th…

XBT/USD Analysis: Bitcoin Paces Past $7,200 On Renewed Bullish Interest – BitMEX Margin Trading

November 26th, 2019

Bitcoin’s perpetual swap on the BitMEX Margin trading platform is catching up the pace following a couple of days of extreme selling pressure. The support at $6,500  came out strongly for Bitcoin. The same level was very instrumental during the 2018 year-long downtrend. XBT/USD reversed the trend significantly, smashing above several resistance zones, including $6,800,…

XBT/USD Analysis: Bitcoin Tests $6,600 Support As $5,000 Comes Calling – BitMEX Margin Trading

November 25th, 2019

Bitcoin battered bulls are not giving up hope. They have endured constant selling pressure since Friday last week. The dive under $8,000 literally opened the Pandora box as XBT/USD sunk beneath several key support areas including $7800,7,400, $7000 and $6,800. The Asian hours on Tuesday saw Bitcoin forced to accept a drab start to the…

Bitcoin Price Probe: Analyst Explains the Drop, as Exchange CEO Blames Media

November 23rd, 2019

Recently, China initiated a cryptocurrency exchange crackdown in Shenzhen. Crypto media outlet, The Block, reported that Binance offices in China were raided as well. However, Binance officials denied the existence of an office in China altogether. It looks like; this is the beginning of the search for truth. As reported earlier on CoinGape, the news…

XBT/USD Analysis: Is $7,200 Bottom Bitcoin Has Been Hunting For? BitMEX Margin Trading

November 22nd, 2019

Bitcoin’s $8,000 support finally gave in to the selling pressure. Just as it has been predicted by many crypto analysts, Bitcoin continued to weaken towards $7,000. Fortunately, $7,400 came out as a strong support area. XBT/USD bounced back up stepping above $7,500. The price is doddering at $7,568 amid a generally lethargic but bullish momentum….

XBT/USD Analysis: Where Is This Consolidation Leading Bitcoin BitMEX Margin Trading?

November 21st, 2019

Trading Bitcoin perpetual swap contract activity on BitMEX has gone down significantly. In fact, the data extracted by Datamish shows that only 9.18k of Bitcoin shorts having liquidated in the last six hours. However, no Bitcoin longs have been liquidated in the same period, see the table below. Bitcoin longs and shorts liquidations on BitMEX…

Alert: Cryptocurrency Exchanges Bank Accounts to Be Shut in South Africa

November 20th, 2019

The First National Bank (FNB), South Africa’s second-largest retail bank, has notified leading cryptocurrency exchanges in the country including Luno, ICE3X, and VALR, that it will shut down their bank accounts, a blow to one of Africa’s active cryptocurrency trading enclave. FNB cites fuzzy regulation around virtual currencies. South Africa Leads in Cryptocurrency Adoption in…