Day: October 19, 2020

Exchanges’ Transparency and Security Remain Biggest Hurdles to Crypto Industry

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The recent case of OKEx suspending customers’ withdrawal might only have resulted in a slight nudge to Bitcoin (BTC)’s price but we can no longer deny that the transparency and security issues of the exchanges are the biggest hurdles to the crypto industry. In the short history of cryptocurrency, the Mt Gox incident still remains the most severe attack on the crypto community with over 850K BTC stolen. The hack and coverup attempts thereafter have caused the crypto market to spiral down into a two-year-long bear market as investors and…

Options Trends Makes it Hard for Analysts to Imagine a Bitcoin “Pump”

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Bitcoin has been consolidating within a $1,500 range over the past seven weeks. With BTC currently pushing higher and the fundamentals aligning in favor of bulls, analysts have begun to expect a strong rally into the end of a year. This may not take place, though, an analyst keeping an eye on options has noted. He added that with whales likely to sell into the end of the year for tax purposes, BTC may not move higher. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Unlikely…

The OKEx Drama Exposes a Weakness in Crypto Market Infrastructure

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This week saw more exchange drama rock the crypto markets.  OKEx, one of the industry’s largest crypto-fiat exchanges, suspended all cryptocurrency withdrawals, saying one of the exchange’s key holders has “been out of touch” with the exchange because they are “currently cooperating with a public security bureau in investigations.”  Coming hard on the heels of the BitMEX indictments from a couple of weeks ago, this surely will focus the market’s attention on the security of the withdrawal protocols of large exchanges. At the time, concerns surfaced that withdrawals might be…

Big Bitcoin prediction, OKEx spooks markets, Ripple exec’s big mistake

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Coming every Sunday, Hodler’s Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers!   Top Stories This Week   Calm before the storm? Analyst says $20,000 Bitcoin is possible in three months Bitcoin volatility has fallen to a 16-month low, indicating that a sharp move is on the horizon. Large fluctuations tend to follow prolonged periods of consolidation, and according to a Bitazu Capital founding partner, Mohit Sorout, BTC could reach its previous all-time high if it was to break out today. There…

Filecoin (FIL) Faces a Miner Crisis 72 Hours Into Launch, Analyst Says

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Filecoin (FIL) has been one of the most talked-about digital assets of the past week. The cryptocurrency finally launched this week after years of development and after a rapid $200 million ICO in 2017. Unfortunately for FIL holders, an analyst says that the cryptocurrency is currently under threat due to a miner crisis. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Filecoin Is Facing a Miner Crisis Analysis by Twitter user Nico Deva suggests that Filecoin is in the midst of a miner crisis that is…