Bitcoin Markets Steady for Another Gox Dump, 16,000 Coins Moved by Trustee

Last time, analysts blamed Mt. Gox and its bankruptcy trustee for pushing hordes of bitcoin onto an already fragile market, crushing its price. Keen monitors of the notorious insolvent exchange’s wallets showed how 16,000 BTC, along with its equivalent in bitcoin cash, were moved, sparking concern the broader market could once again be impacted. Also read: … Read more

Germany Gets Its First Crypto Exchange for Whales

Germany’s VPE Wertpapierhandelsbank AG (VPE) has announced its institutional investor cryptocurrency trading services and claims them to be the first of their kind for the country. Armed with a Bundesanstalt für Finanzdienstleistungsaufsicht (Bafin) license, in expanding its brokerage offerings VPE purports to offer “best-in-class technology” to customers, “secure and regulated.” Also read: Facebook to Be … Read more

Bitcoin in Brief Thursday: Big Money Wears Big Horns, Claws Are In the Closet

In today’s Bitcoin in Brief we’re talking about big money and big expectations. While the ratio between bulls and bears is constantly changing in the crypto market arena, experts working with venture capital investments and large crypto trades report positive trends and share optimistic sentiments. On that backdrop, “Why is our digital society still using … Read more

How an OTC Bitcoin Scammer Almost Stole $600 Million

OCT trading involves high value deals that can run into the hundreds of millions of dollars. Whales want privacy and zero slippage, which isn’t possible on a cryptocurrency exchange, while buyers want large quantities of bitcoins at below market rates. It’s an arrangement that suits both parties, but for it to work, trust is essential … Read more

OTC Cryptocurrency Desks Trade Billions Over Skype

Big players in the cryptocurrency space have set up their own private network for OTC trading, buying and selling billions every month among their little club. And instead of using Bloomberg, Symphony or anything of that caliber usually employed by traders on Wall Street, they just Skype it. Also Read: Chinese Engineer Arrested for Stealing 100 Bitcoin … Read more

Zhao Dong Recounts How He Lost 9,000 BTC

Famed Chinese OTC bitcoin trader, Zhao Dong, recently shared the story of how he first entered the bitcoin markets, the losses he incurred, and his views on speculation in the cryptocurrency markets. Also Read: Snowden on Bitcoin: Blasts Public Ledger and Core Developers Zhao Dong’s Rocky Start in the Cryptocurrency Markets Zhao Dong, the founder of … Read more

The Current Crypto-Bear Run Will be Nothing Like 2014

Since the beginning of the new year, the past three months has seen most cryptocurrencies lose over 60 percent of their values. Bearish markets have started to spark 2014 memories when BTC/USD markets and many altcoins suffered from a year-long downturn. Surely there have been few similarities to the current 2018 bear run and the … Read more

The ‘Mt Gox Whale’ Explains His Crypto-Selling Strategy

On March 17 the Mt Gox bankruptcy trustee Nobuaki Kobayashi revealed some critical information about how he’s been selling the BTC and BCH he has in his possession. The news may comfort those who believe the remainder of the Mt Gox sales will crash the market. According to Kobayashi he has been consulting cryptocurrency experts … Read more

China’s Police Force Reveals Offshore Exchange Surveillance

According to regional reports, China’s police agency is allegedly monitoring cryptocurrency exchanges based outside of the country. An informant details that China’s Public Information Network Security Supervision task-force is closely watching both domestic and foreign trading platforms involved with cryptocurrencies to prevent fraud, pyramid schemes, and money laundering. Also Read: British Man in Amsterdam Allegedly … Read more

Genesis Launches Whale Sized Crypto-Loan Service

This week the institutional over-the-counter (OTC) digital currency service, Genesis Global Trading, announced it’s creating a lending subsidiary called Genesis Capital that will offer cryptocurrency loans for a fixed period of time. Also Read: More Infrastructure Support Joins the Bitcoin Cash Ecosystem Market Maker Lending Services Genesis Capital will be a new lending firm for institutional … Read more