Breaking - SEC will publish a decision on ProShares Bitcoin ETF tomorrow, on August 23. Many members of the crypto community expect a decline in BTC price, in this case, but, the time will show as always.
📌 Bitcoin price has risen up to $6900 when BitMEX suspended maintenance
Increase in the Bitcoin price was followed by suspicious activity on various exchanges
The BTC price increased by $300 in just a few minutes. Since this, Bitcoin price surpassed the $6,700 mark. Is it important or not, but it happened at the moment when the BitMEX exchange (which offers crypto derivatives) went to a technical break.
Scheduled Maintenance to begin in a few minutes at 01:00 UTC.
BitMEX (@BitMEXdotcom) 22 aug 2018 г.
According to the Bitcoin's price history, the price jump happened exactly at 01:00 UTC, and its began to be valued at $6745. BTC could even hit the $6900-7000 at Bitstamp, but now it goes lower a bit. At the same time, the volume of short positions on the BittMEX just yet approached a record number.
📌 BTC/USD short on Bitfinex achieves record highs on this week
Bitfinex exchange's address received 100 million USDT tokens
At the time of this writing, Bitcoin's price may still get a little bit closer to $6,700. A number of especially attentive members of the community noticed: just before that, an additional 100 million USDT tokens from tether reserve were transferred Bitfinex address. Earlier, the large transfers like this had already been seen on the exchanges: is the manipulation gaining momentum?
Shortly after the USDT tokens appeared on the Bitfinex wallet, Bitcoin's price increased by almost $400. Of course, the market mechanism exists; but, now there is nothing that would force people to trust Tether or Bitfinex. Systemic manipulations also show that the market demand can be only artificially maintained.
If we say that BTC bullish momentum is now supported by the interest of large investors (companies, funds), then it will not be quite right on the background of such news. Rather, a number of companies will lose interest in the market amid the pressure of manipulative leverage. (This question remains controversial and you can always offer your opinion).
Don't you know? Cryptocurrency exchanges join self-regulatory organization. Main members: Bitstamp, Inc., bitFlyer USA, Inc., Bittrex, Inc., and Gemini.
📌 BitMEX has rented one of the most expensive offices in Hong Kong
Exchange moves to a respectable office in the centre of Hong Kong
Image: source: Paul Yeung/Bloomberg
BitMEX, already mentioned exchange, with $3 120 044 961 as the last 24-hour volume, operating with only one asset - the Bitcoin derivative, rented an office in one of the most expensive business buildings in Hong Kong, Cheung Kong Center. Now the exchange has several new neighbours, such companies as Goldman Sachs, Barclays and Bank of America.
Interesting that even in the conditions of the falling market, there is always a group of people who definitely will not stay among outsiders. This time it's BitMEX which have a daily trading volume of (no less than) $3 billion dollars.
💰Market Cap: $209 977 207 057
💵24h Vol: $12 134 312 636
📊 Prices TOP 22.08.2018
↗️↘️Bitcoin: $6 472
↗️↘️ETH: $278
↗️↘️XRP: $0,328385
↗️↘️BCH: $531
↗️↘️EOS: $4,80
↗️↘️XLM: $0,213460
↗️↘️LTC: $55
↗️↘️USDT: $1,00
↗️↘️ADA: $0,092604
↗️↘️MONERO: $91
📌 China attacks cryptocurrency with censorship
The authorities of Beijing prohibit the activities that advertise cryptocurrencies
To date, despite the fact that China has repeatedly launched waves of censorship and repression of the cryptocurrency, this market continues to actively circulate. So, in 2017-18, local authorities became active in the suppression of crypto: its advertising, wide promotion is banned actually. Nevertheless, the country has to keep one of the largest financial, and cryptocurrency centres (also) - it's Hong Kong, the birthplace of Binance, and many other related companies.
The latest news report that regulators banned all the crypto-related events in one of the districts of Beijing (Chaoyang). The remind about restriction was sent to all hotels, offices and public companies. As we can understand, these can be meetings, conferences, ICO promoting and more. Therefore, if you enter this area, it is unlikely that you will see coloured billboards about new token sale. Although, there is no such restriction in the neighbouring districts.
Probably, the disappearance of the new super-coin advertisement won`t make the crypto sceptics upset. However, recently, one of the most popular Chinese messengers, WeChat, banned all accounts with crypto and blockchain news. And this is a censorship, as well.
📌 Insurance giant MetLife successfully tested its own blockchain-based product
Blockchain adoption daily: can the insurance and the new technologies be combined?
No, this is not a yet another product with fast and secure, effective transactions, agreements and so on. Probably yes, it is, but however, LumenLab (MetLife's Asia bureau) is building a more directive chain of insurance. At the moment, the system will help in the financial provision of women suffering from histological diabetes.
The platform named "Vitana" will connect customers medical records to smartphones, which allows issuing a policy in just a few minutes. The system also includes automatic payouts, if this diagnosis will appear (don't need to fill out an application to receive a payment).
Why is it important? Gestational diabetes is a relatively common diagnosis in pregnancy, which has a frequency of up to 5%. In some cases, the cost of this type of insurance can become unexpected, and only add problems. The company believes that blockchain system will make the procedure seamless, and will help at least in its implementation, as far as we can understand.
💱 Exchanges: 24h volume
Binance 1.47B → 21.27%
OKEx 714.65M → 10.33%
You got a 26.40% upvote from @emperorofnaps courtesy of @icotelegraph!
Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bitmex did everything right.😂
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit