Day: July 29, 2020

$39M of Bitcoin Stolen in 2016 Bitfinex Hack Is on the Move

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Some of the 119,756 Bitcoin that was stolen from crypto exchange Bitfinex in 2016 has started moving again.  According to a series of tweets posted by Whale Alert on July 27-28, wallet addresses known to be associated with one of the largest breaches ever of a crypto exchange moved 3503 Bitcoin (BTC) — worth roughly $38.7 million — over 12 transactions.  The largest individual movement was of 476.32 BTC, or approximately $5.2 million, while the smallest was 2.612703 BTC, or $28,849. Slowly moving billions in crypto To date, the hackers…

The Last Time This Indicator Flashed, Bitcoin Surged to $14k. It Just Flashed Again

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Bitcoin’s price has been steady within the lower-$11,000 region, which seems to indicate that it is coiling up to make another push higher in the near-term. Overnight, the benchmark cryptocurrency did face some turbulence when bears pushed it as low as $10,500, but the support here proved to be significant. Analysts are now claiming that the defense of this level was an incredibly positive technical development, as it shows that bulls were able to conduct a textbook support-resistance flip – opening that gates for BTC to see further near-term upside.…