We present to you a report filed by our analysts for October 8–14.submitted by Golden_Island_Club to u/Golden_Island_Club [link] [comments]
The main market events on October 8–14, 2018
In the middle of the week, the expectations became reality — BTC lost about $300 in price within an hour. This time, the total cap failed to observe the periodicity — it dropped by $17 billion on Thursday and remained at this level until the end of the week. Thus, $219 billion on Monday turned into $202 billion by the end of the week.
Trading volumes were not particularly surprising: $12 billion on Monday, $16 billion on Thursday and $9 billion on Sunday. BTC dominated the market at 52–53% and up to 57% in the days of decline, followed by a reversal. The price for 1 BTC, as already mentioned, fell from $6,600 to $6,270 in the middle of the week, and recovered a bit to $6,330 at the end of the week ($6332 at the time of the report). There were no critical news, no far-fetched correlations with stock markets, and no fundamental reasons for such a decline. Most traders were happy with the current situation — the “pumps” of coins occurred every day. Top 10 coins showed complete correlation with the BTC price. In addition, intra-team and intra-project relations in the crypto-societies have strained, which was followed by a number of break-ups and heated public debates. There is a high chance that tycoons and market makers are trying to impose a thought that cryptocurrencies have no future. The advice is simple — to keep and purchase more strong coins, get rid of the weak ones and keep calm.
The big gains are right round the corner!
The hack impacted Binance’s so-called “hot wallet,” which is basically storage that connects to the internet and is used for liquidity so bitcoin can be exchanged. According to Binance, just 2 percent of its total bitcoin holdings were in its hot wallet. The rest was presumably in “cold storage,” meaning bitcoin kept offline. Had Binance kept more of its bitcoin in its hot wallet ... Bitcoin prices have topped $6,000 for the first time in 2019, reaching an annual high and seemingly becoming oblivious to bad news, as the rise coincided with news that Binance had been hacked and had $40 million of Bitcoin stolen. Other cryptocurrencies have also seen green in the past few days, and some analysts are pointing to the promise of a Facebook cryptocurrency for one of the reasons ... Binance CEO Changpeng Zhao has apologized for causing concern among the crypto community when he openly spoke about the possibility of a rollback for the Bitcoin blockchain following confirmation of a hack leading to the theft of USD 40 million worth of bitcoins on its platform.. The rollback had caused a sharp backlash, particularly among Bitcoin-only communities, aghast at the very concept ... Hack Date: 4th January 2015; Amount Hacked: 19,000 BTC; This Slovenian Bitcoin exchange startup was founded in 2011 as an alternative to Mt.Gox. But sadly, it wasn’t much of a safe alternative to Mt.Gox because, in 2015, it was also hacked. On 4th January 2015, the operational hot wallet of Bitstamp announced that it was hacked by an anonymous hacker and 19,000 bitcoins (worth of $5 million ... May – Binance – 7,000 BTC. Despite the fact that we are now in 2019, hackers still managed to use a phishing scam and malware to hack into Binance. The malicious actors ran off with $40 million worth of Bitcoin. As a result, Binance promised to increase its security, but users are understandably wary. Over 800 Bitcoin from Kucoin hack moved. October 28, 2020 by admin 0 Comments. Bitcoin News. Share on Facebook. Share on Twitter. Share on Pinterest . Share on LinkedIn. It seems the hacked funds from cryptocurrency exchange KuCoin will continue to grab attention, as the culprits involved have been trying to move the stolen crypto again. The crypto and blockchain tracking service Whale Alert ...
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