Strength Of The Bitcoin: BTC Rebounds Fast Despite Tether Scandals And Binance Hack

2019-5-8 22:26

The Bitcoin market looks all good even after news of Bitfinex’s scandalous dealings with Tether. As has been the case for years, many would have expected such bad news to affect the crypto market, especially Bitcoin. However, that hasn’t happened – at least not in a scary magnitude that could have happened if such an occurrence had been unearthed a few years ago. In fact, the market barely noticed anything.

As if that’s not enough, more bad news sprouted up. Binance just got hacked and $40 million worth of Bitcoins stolen from the exchange. One would expect such kind of news to adversely affect the market, especially given that the hackers stole 7,000 BTC. Well, nothing happened, except for a small decline that has since been covered speedily. It’s this kind of resilience that makes Twitter users like Rekt Capital tweet about Bitcoin.

In the past few weeks, there was the Tether FUD and now the Binance hack

And yet #Bitcoin recovered quickly from both $BTC

— Rekt Capital (@rektcapital) May 8, 2019

BTC Bottom?

One of the most prevalent arguments attempting to explain why the Bitcoin market looks nice right now involves a bottoming notion. Some people argue that since Bitcoin braved the crypto winter through the many months it lasted, the top crypto has since bottomed out and the only direction it can move now is up.

That probably explains why the market was quick to bump right up after a short drop when news broke of Bitfinex’s Tether scandal last week. The same market reaction happened in the last 24 hours when Binance was reported to have been hacked. However, the Bitcoin market is yet to achieve yesterday’s trading volume recorded before the security breach happened.

How Far Is $6k?

For some days now, various crypto fans and traders have offered their opinions claiming that a major Bitcoin bull run is long overdue. The general consensus is that the crypto winter is over.

At the moment, Bitcoin’s price as posted on CoinMarketCap is hovering around the $5,900 mark, but some exchanges like Bitfinex have pumped it up to over $6,100 on their platforms.

Still, going by the popular sentiment, $6,000 looks very well within reach for Bitcoin. In fact, there are those who believe that the crypto is all set to hit the $6k target before the end of the week. Whether that happens or not, the fact is that the odds look great right now.

The post Strength Of The Bitcoin: BTC Rebounds Fast Despite Tether Scandals And Binance Hack appeared first on ZyCrypto.

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bitcoin tether such happened strength market hack

Источник: zycrypto.com

bitcoin tether → Результатов: 126


Фото:

Stablecoin Tether Set to Eclipse Bitcoin’s Daily Transaction Value

The most dominant stablecoin in the cryptocurrency ecosystem has seen some competition during the last few years, but the token tether has remained king in the face of rivalry. Just recently, a “Q2’20 review” published by the digital currency data and analytics firm Messari shows that tether’s daily transaction value is set to eclipse bitcoin’s […] The post Stablecoin Tether Set to Eclipse Bitcoin’s Daily Transaction Value appeared first on Bitcoin News.

2020-7-23 11:30


Tether issuance and Bitcoin price have no 'statistically significant relationship'

During the course of the past decade, Bitcoin has seen growing adoption. In recent years, the fact that one could access Bitcoin via stablecoins, most commonly Tether, has done a lot of good for the wThe post Tether issuance and Bitcoin price have no 'statistically significant relationship' appeared first on AMBCrypto.

2020-5-11 23:30


Tether начнет выпускать свой стейблкоин на блокчейне Bitcoin Cash

Эмитент стейблкоинов Tether официально приступает к выпуску своих токенов на блокчейне Bitcoin Cash, сообщает портал Bitcoin. com. Для этого Tether воспользуется протоколом эмиссии индивидуальных токенов Simple Ledger Protocol (SLP).

2020-3-20 12:25


Tether in court: Yep, we sort of, kind of, definitely used our reserves to buy Bitcoin

It appears that contrary to its marketing promises, Tether – a cryptocurrency pegged to the US dollar – used some of its dollar reserves to buy Bitcoin. The stablecoin issuer, which shares management and ownership with cryptocurrency exchange service Bitfinex, has admitted it used its reserves to invest in Bitcoin and other “assets,” according to court transcripts obtained by The Block.

2019-5-22 11:12


Technical Indicator Suggests Tether Trouble Has Put an End to Bitcoin Rally

This week, a scandal involving Bitfinex and Tether parent company iFinex being accused by the New York Attorney General’s office of misappropriating funds has shaken up the cryptocurrency market. Bitcoin and other cryptocurrencies have rallied in recent months, however, the latest negative news surrounding the leading stablecoin on the market has been enough to cut.

2019-4-30 03:01


Bitfinex and Tether Exodus Leads to 7th Most Confirmed Bitcoin Transactions in a Day

Yesterday’s news of Bitfinex being accused by the New York Attorney General’s office of potentially covering up the loss of $850 million using Tether reserves has caused Bitcoin and the crypto market to plummet and investors to panic, not only about the diminishing value of their holdings, but over the entire integrity of the crypto.

2019-4-27 03:01


Tether вновь обогнал Bitcoin Cash

Утром в среду, 6 февраля главная криптовалюта торгуется в незначительный минус. Курс bitcoin просел на 1,06% по информации CoinMarketCap (на 10:00 по МСК). Подешевели все цифровые валюты из топ-5, кроме стейблкоина Tether, который вновь обогнал Bitcoin Cash по капитализации и поднялся на 5 строчку.

2019-2-6 10:38


Bloomberg: Минюст США расследует связь Tether с прошлогодними манипуляциями с bitcoin

Министерство юстиции США инициировало расследование по делу о вероятном манипулировании курсом bitcoin в ходе прошлогоднего ралли криптовалюты. В рамках расследования ведомство намерено выяснить, причастны ли стейблкоин Tether и криптобиржа Bitfinex к неожиданному росту курса bitcoin в конце 2017 года.

2018-11-21 17:10


Джозеф Любин сомневается в причастности Tether к манипуляциям с ценой Bitcoin

Соучредитель Ethereum Джозеф Любин не согласен с обвинениями в манипуляции Tether ценой на Bitcoin в 2017 году. Сообщение Джозеф Любин сомневается в причастности Tether к манипуляциям с ценой Bitcoin появились сначала на Freedman.

2018-8-30 09:04


Фото:

Is Tether Still an Effective Way to Pump Bitcoin Prices?

Bitcoin, the most popular cryptocurrency by many measurements, isn’t half as controversial as Tether — the controversial coin that has polarized the entire crypto community.   Tether somehow has become the bad boy of crypto and has frequently been linked to market price manipulation, but its recent moves have failed to make an impact on NEO and EOS.

2018-8-28 18:01


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