Re: Cryptocurrency

51
I came across a ranking for the TOP 5 most stable Cryptocurrencies on market, and even though many people hate on Tether because it's not "a real cryptocurrency" it seems to be on top.

1 - Tether (USDT)
2 - Monero (XMR
3 - NEM (XEM)
4 - Ethereum Classic (ETC)
5 - Litecoin (LTC)


Re: Cryptocurrency

52
bonifaas_abe wrote: Fri Jun 29, 2018 5:28 pm I came across a ranking for the TOP 5 most stable Cryptocurrencies on market, and even though many people hate on Tether because it's not "a real cryptocurrency" it seems to be on top.

1 - Tether (USDT)
2 - Monero (XMR
3 - NEM (XEM)
4 - Ethereum Classic (ETC)
5 - Litecoin (LTC)
I guess, the reason why many people hate Tether is another one - namely manipulation.
https://www.bloomberg.com/news/articles ... st-bitcoin
The interesting part: "Tether and Bitfinex share a management team, including van der Velde."

Re: Cryptocurrency

55
Government authorities in China have been cracking down hard on crypto-theft for the last few years, and now yet another instance of such cyber crimes has come to light. According to the Xinhua news agency, three individuals have been apprehended by a special police task-force in a nationwide sting operation.

It all began with a complaint filed on March 30 by an individual identified only by his surname Zhang. He claimed to local police in the city of Xi’an that he had fallen victim to a cyber-attack, with hackers clearing his computer of cryptoholdings worth up to 100 million yuan ($14.5 million).


Founder of Crypto Exchange OKEx Detained on Crypto Fraud Charges

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Founder of Crypto Exchange OKEx Allegedly Detained on Crypto Fraud Charges in China


Star Xu, the founder of exchange services provider OKCoin and the world’s second-largest crypto exchange OKEx, has allegedly been detained in China in relation to suspected digital currency fraud, local news outlet Sina News reports September 11.

According to the news outlet, Xu is currently being held in the Shanghai Weifang Xincun police station, and will be released within 24 hours if insufficient evidence is found of his participation in suspected fraud.

Tech news sources ZeroHedge reports that investors in WFEE Coin — a company where Xu is a shareholder — complained to the police about the company’s allegedly fraudulent practices, prompting the police to bring Xu in for questioning.

As ZeroHedge writes, WFEE issued tokens and sold them through their website. As a WFEE shareholder, Xu can be held responsible for any kind of fraud related to the company.

However, the investigation has seemingly shown that Xu’s company in Shanghai is not related to issuing the WFEE Coin, ZeroHedge notes, adding that it makes “little sense” for them to defraud investors through a Beijing subsidiary.

The news of Xu’s detentions comes shortly after OKEx volumes significantly surged this summer. As Cointelegraph reported earlier in August, OKEx posted a new record in July 2018 with $5.7 billion in volume, as compared to June’s $2.9 billion.

After the news of Xu’s alleged detention broke today, CoinMarketCap data showed that OKEx saw an almost 3 percent drop in trading volume over a 24 hour period, having traded around $714 million on the day.

Source: Cointelegraph.com
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Re: Cryptocurrency

60
Our opinion on bitcoin is following:
At the beginning of February 2018, Bitcoin reached the bottom $6,000 after reaching $20,000 at the end of December 2017. Since then Bitcoin was not able to get below the support level $6000 even though there were many attempts to break this level. Many people started to get impatient because it already looks like Bitcoin will never go below $6000, but what if it will? We are in a phase where you need to be patient. Until Bitcoin will not create a higher high, there is no uptrend in a sight. It is constantly creating lower highs, so we will probably see a break of support level $6000, or at least false-break. From a statistical point of view, we are in the second-longest downtrend on Bitcoin. The longest lasted 411 days from 30 November 2013 until 14 January 2015. Now downtrend lasts more than 270 days. That means we are close to the end of a downtrend, but it's still there creating lower highs, but not lower lows. If Bitcoin breaks the support zone $6000 it can cause a dramatic selloff in markets, but it can also mean soon ending of that downtrend. We are bearish in short-term view, but we are bullish in long-term. Until Bitcoin won't get to $5000, we are waiting. So, the important thing here is that Bitcoin is very likely to break or at least false-break support level $6000 and we are close to the end of a downtrend, so be patient.
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