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Newsflash: Bitcoin Price Plunges 14% in Violent Spiral to $7,700 — Here’s Why

Some investors have speculated that the abrupt drop in the bitcoin price was caused by manipulation by whales or investors holding large amounts of bitcoin in the tune of hundreds of millions of dollars.

“About 20-30 mins before the dump, a whale moved 25k BTC (worth $215M) to Coinbase. About an hour after the dump, a whale moved 14k BTC (worth $112M) from Coinbase to another wallet,” one user on Reddit wrote.

It is possible that a big sell order may have triggered the downward movement of bitcoin and the rest of the crypto market but considering that the volume of the BTC-USD pair on Coinbase is estimated to be less than $215 million, it would be far-fetching to claim that it was a clear instance of manipulation. https://www.ccn.com/wp-content/uploads/2019/06/PeterLBrandt_tweet_1135719615940612096.jpg

A large sell order on major exchanges fueled with the breach of key support levels are likely to have contributed to the drop.

Depending on the near-term performance of bitcoin, cryptocurrency analyst Josh Rager stated that if the bitcoin price struggles to maintain its momentum in the high $7,000 region, there exists a strong possibility of it experiencing a bigger pullback.

He said:

Bitcoin continues to push down quite aggressively and would like to see a move above $7824 and hold Eyeing that previous CME futures gap that wasn’t explored at $7175 If Bulls don’t step in, I believe the price is heading that way.

People have asked if that was short term sell off and the price is heading back up. Due to the amount of volume, it’s more likely price has short term relief that can last hours or days before another push down to retest support Price action isn’t a straight line. https://www.ccn.com/bitcoin-price-plunged-14-to-7700-violent-spiral
📈📄 Huobi Russia

Efficient trading anytime, anywhere

Why choose Huobi Russia?

High security
● Profitable commission
● A wide range of payment methods
● 24-hour technical support line
● Operative user support
● A wide range of products and services

Earlier Huobi Group officially announced the opening of its Russian office, launched in partnership with the VEB Digital Transformation Center and Russian experts in the field of blockchain and exchange trading.

According to the latest announcement, the legal competence center has been launched with the support of VEB's Digital Transformation Center. The legal lab will be led by Elina Sidorenko, Professor at Moscow State Institute of International Relations (MGIMO).

“In a situation where the regulatory framework is developing more slowly than the digital industry itself, legal support is vital for business. Our specialists at the Huobi Legal Lab center will help you properly pack digital projects, ensure that digital assets do not violate existing laws and comply with international law, ” Sidorenko said (via online translation).

In addition, the legal lab will also develop and evaluate draft regulations to create a friendly regulatory environment and a favorable legal regime for digital market players in the country.
https://anycoin.news/wp-content/uploads/2018/12/10-12-2018-10-20-06.jpg

https://myhuobi.ru/
https://www.huobi.com.ru/
https://www.facebook.com/huobirussia
https://t.me/myhuobi
https://twitter.com/HuobiRussia
https://www.reddit.com/user/HuobiRussia
https://vk.com/huobi_russia
https://huobirussia.blogspot.com/
http://tokenpost.com/Crypto-exchange-Huobi-Russia-launches-legal-lab-989
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A2TRADE is a Hybrid broker/trade that seamlessly integrates all Fiat and Crypto payments throughout the platform. A2TRADE is able to make use of the today's buying and selling platforms, gear, and apps to create a simple platform for all of our trading and making an investment desires. A2TRADE platform will help trading and change of all broker and alternate assets, consisting of Crypto-currencies, shares, Bonds, Indices, and CFDs (forex, Crypto, and Commodities).
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📧 Facite

📌 FIT token
📌 Type Utility
📌 Price 1 FIT token = 0.00083 USD


The main goal of the Facite investment project is to develop the financial and economic environment in Kazakhstan using blockchain technology. The Facite Foundation built and operates a mining center in Pavlodar, Kazakhstan based on geographical conditions, government policies, and electricity schemes for the mining industry. The mining center can accommodate up to 2 million mining machines with a size of 180 hectares (ha) and can be expected to produce stable and consistent revenue generation based on cheap electricity. Some of the revenues from the mining center are shared with Facite token holders and the profits from the Facite Foundation's projects in Kazakhstan are also allocated to the community.

▶️Website https://www.facite.org/
White paper https://docs.wixstatic.com/ugd/8f0e7c_3b99c6eebe30449f9b30e0b477c01848.pdf
▶️Facebook https://www.facebook.com/Facite-394735348032337/
▶️Instagram https://www.instagram.com/faciteorg/
▶️Twitter https://twitter.com/faciteofficial
▶️Bitcointalk https://bitcointalk.org/index.php?topic=5124497
👀 When investing in new crypto startups look into how the startups will generate revenue in the future.
There is no doubt that if you are good investors, you will do your research and choose BCNEX.
https://twitter.com/bcnex_net/status/1135154349020254208

BCNEX is a full-service ecosystem for the purchase, exchange and trading of blockchain based tokens and a wide range of digital assets. It is a customer-centric, highly secure and stable trading platform built on microservices architecture that meets the most stringent customer requirements.

Compared to existing solutions, Bcnex is a fast, accurate and low latency trading platform with flexible scalability that can handle up to 2,000,000 orders per second. It operates with its own native cryptocurrency - the BCNX token. First built on the Ethereum blockchain and then migrated to CrytoNote, it will be used to trade, buy and sell other cryptocurrencies, cover transaction fees and receive incentives of up to 75%.

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CryptoWizer [ tonanalytics EN ] pinned «👀 When investing in new crypto startups look into how the startups will generate revenue in the future. There is no doubt that if you are good investors, you will do your research and choose BCNEX. https://twitter.com/bcnex_net/status/1135154349020254208…»
Bitcoin in Crosshairs as SEC & DOJ Drop Hammer on Crypto Firm Longfin

By CCN: The “crypto” startup Longfin Corp. got spanked by both the SEC and the DOJ for fraud amid a broader regulatory crackdown on bitcoin-related financial crimes.

Specifically, Longfin’s CEO, Venkata Meenavalli, is accused of inflating the company’s revenue by $66 million in order to fraudulently secure a listing on the Nasdaq in 2017.

PROSECUTORS SAY LONGFIN COOKED THE BOOKS
The Securities and Exchange Commission also accused Longfin executives of insider trading, saying they illegally sold $33 million of stock in unregistered transactions.

While the screaming headlines suggest that the Longfin fraud is tied to bitcoin, in reality, the company has a tangential relationship to the crypto industry.

LONGFIN PIVOTED TO CRYPTO DURING BITCOIN BULL MARKET
Longfin was a fintech firm that went public in December 2017. In 2018, Longfin opportunistically pivoted to the crypto space amid the bitcoin bull market. The transition caused the company’s stock to spike 2,600% amid the bitcoin boom of the time.

In April 2018, a federal judge froze $27 million in assets owned by Longfin amid accusations of insider trading. Seven months later, the company shut down. At the time, the company’s CEO insisted that he had done nothing wrong (video below).

Because bitcoin mania was in full swing at the time, the media hyped Meenavalli’s shady dealings as crypto-centric. In reality, it was merely a run-of-the-mill financial crime (crooked accounting and insider trading).
https://www.ccn.com/bitcoin-crosshairs-sec-doj-longfin
Craig Wright Says Bitcoin Is Going to Zero, Vows to Find Fake Satoshis

CRAIG WRIGHT: BITCOIN PRICE WILL TANK TO ZERO
Finally, Wright warned BTC super-fans that BSV is the real bitcoin and will supplant all other bitcoin. But before then, he warned that BTC prices will abruptly drop to zero before it disappears in a poof.

“When you see it coming, it will be too late. You won’t get notification of the end. You’ll wake up one day, and BTC will be trading at zero.”

As CCN reported, Wright is a proponent of Bitcoin Satoshi Vision (BSV). Despite claiming that he invented BTC, Craig says the original cryptocurrency became perverted and tainted because it has devolved into a vehicle for criminal activity, especially money-laundering.

And he won’t allow crypto con artists to tarnish “his” vision for bitcoin.

“I’m going to find every cowboy with a hat and no swagger and get him to understand what Bitcoin is really about. Yes, I am Satoshi Nakamoto.” https://www.ccn.com/craig-wright-bitcoin-zero-satoshis
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🏅🏅🏅TOP3 Best performing participants will get an additional reward from our reserve bounty fund.

Hurry up and join us to start building your passive income.
All you need is to invite new participants and ask them to mention your Telegram (@) username as a referrer when they submie forms to join.

The AMANPURI Exchange ecosystem is a system that offers spot transactions and up to 100x leverage transaction system and complete security with a focus on the 100% protection of customer assets through collaborations with major custodians and the use of blockchain transparency consisting of direct financial assistance.

Token AML
TypeUtility
Platform Ethereum
Accepting ETH
Hard cap 10,000,000 USD
Country Malta
Whitelist/KYC KYC & Whitelist


#Amanpuri #AmanpuriExchange #exchange #blockchain #crypto

https://amanpuri.io/tokensale/
https://t.me/amanpurichat
🌐 A2TRADE

A2TRADE is a Hybrid broker/trade that seamlessly integrates all Fiat and Crypto payments throughout the platform. A2TRADE is able to make use of the today's buying and selling platforms, gear, and apps to create a simple platform for all of our trading and making an investment desires. A2TRADE platform will help trading and change of all broker and alternate assets, consisting of Crypto-currencies, shares, Bonds, Indices, and CFDs (forex, Crypto, and Commodities).
A2TRADE platform will guide physical property (Gold and Diamonds).

A2TRADE platform create a unified platform with shared E-wallets, eliminating the want for clients to apply multiple PSPs and standalone trade structures.

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🌐 Facite

The main goal of the Facite investment project is to develop the financial and economic environment in Kazakhstan using blockchain technology. The Facite Foundation built and operates a mining center in Pavlodar, Kazakhstan based on geographical conditions, government policies, and electricity schemes for the mining industry. The mining center can accommodate up to 2 million mining machines with a size of 180 hectares (ha) and can be expected to produce stable and consistent revenue generation based on cheap electricity. Some of the revenues from the mining center are shared with Facite token holders and the profits from the Facite Foundation's projects in Kazakhstan are also allocated to the community.

▶️Website https://www.facite.org/
White paper https://docs.wixstatic.com/ugd/8f0e7c_3b99c6eebe30449f9b30e0b477c01848.pdf
▶️Facebook https://www.facebook.com/Facite-394735348032337/
▶️Instagram https://www.instagram.com/faciteorg/
▶️Twitter https://twitter.com/faciteofficial
▶️Bitcointalk https://bitcointalk.org/index.php?topic=5124497
📈📄 Huobi Russia

Efficient trading anytime, anywhere

Why choose Huobi Russia?

High security
● Profitable commission
● A wide range of payment methods
● 24-hour technical support line
● Operative user support
● A wide range of products and services

Earlier Huobi Group officially announced the opening of its Russian office, launched in partnership with the VEB Digital Transformation Center and Russian experts in the field of blockchain and exchange trading.

According to the latest announcement, the legal competence center has been launched with the support of VEB's Digital Transformation Center. The legal lab will be led by Elina Sidorenko, Professor at Moscow State Institute of International Relations (MGIMO).

“In a situation where the regulatory framework is developing more slowly than the digital industry itself, legal support is vital for business. Our specialists at the Huobi Legal Lab center will help you properly pack digital projects, ensure that digital assets do not violate existing laws and comply with international law, ” Sidorenko said (via online translation).

In addition, the legal lab will also develop and evaluate draft regulations to create a friendly regulatory environment and a favorable legal regime for digital market players in the country.
https://anycoin.news/wp-content/uploads/2018/12/10-12-2018-10-20-06.jpg

https://myhuobi.ru/
https://www.huobi.com.ru/
https://www.facebook.com/huobirussia
https://t.me/myhuobi
https://twitter.com/HuobiRussia
https://www.reddit.com/user/HuobiRussia
https://vk.com/huobi_russia
https://huobirussia.blogspot.com/
http://tokenpost.com/Crypto-exchange-Huobi-Russia-launches-legal-lab-989
Ethereum (ETH) Price Showing Signs of Weakness: $250 Holds Key

https://www.newsbtc.com/wp-content/uploads/2019/06/Ethereum-1.png

The main support is near the $250 level. If the price fails to stay above the $250 support area, there is a risk of a strong decline. The next stop for sellers could be near $242 and $240. On the upside, the key hurdle for the bulls is near the $274 and $275 levels. If there is an upside break above the $275 level, the price could continue above $280.

Ethereum Price Analysis ETH Chart

Looking at the chart, Ethereum price is showing a few negative signs below the $274 level. Therefore, there is a risk of a short term decline below $260 before the price could start a decent upward move. A proper close above $275 might kick start a move towards the $280 level.
✔️ BCNEX is a crypto-currency exchange that allows traders to trade at low trading and withdrawal fees. This is a great feature implemented by BCNEX crypto-exchange in which only few or no exchange have this great feature.
It is observed that crypto-traders always find it difficult to exchange their assets which this issue happened as a result of restriction from the exchange platform. This is one of the reasons why BCNEX platform has introduced crypto-trading platform which will makes trading and transaction easier for traders without the need for third-party services before their crypto assets can be converted to another currency
Compared to existing solutions, Bcnex is a fast, accurate and low latency trading platform with flexible scalability that can handle up to 2,000,000 orders per second. It operates with its own native cryptocurrency - the BCNX token. First built on the Ethereum blockchain and then migrated to CrytoNote, it will be used to trade, buy and sell other cryptocurrencies, cover transaction fees and receive incentives of up to 75%.

Our white paper📖
Join our Telegram🚀

#Bcnex
#BcnexICO

https://www.bcnex.net/?
https://www.bcnex.net/exchange?lang=en
https://www.facebook.com/bcnex.net
https://twitter.com/bcnex_net
https://bitcointalk.org/index.php?topic=5111223.0
https://www.bcnex.net/BCNEX_WP_ENG.html
CryptoWizer [ tonanalytics EN ] pinned «✔️ BCNEX is a crypto-currency exchange that allows traders to trade at low trading and withdrawal fees. This is a great feature implemented by BCNEX crypto-exchange in which only few or no exchange have this great feature. It is observed that crypto-traders…»
Forwarded from Invest4best
Huobi Opens First Russian Office in Partnership with State Bank’s Digital Tech Center

Singapore-based cryptocurrency exchange Huobi has officially launched its first branch in Russia on Thursday, Dec. 6, according to a press release shared with Cointelegraph today.

The Moscow-based exchange, dubbed Huobi Russia, is established in partnership with the state-owned Russian Development Bank’s (VEB) Digital Transformation Center and supported by Huobi’s regional exchange partnership program, Huobi Cloud.

The Center of Digital Transformation was created by VEB to promote blockchain and other crypto-related technologies, as its website states.

Back in September of this year, Huobi first joined Russia’s VEB Innovation Fund and became a resident of the Digital Transformation Center to share experience on crypto regulation, with the fund’s CEO claiming that Huobi’s expertise will assist in building a “legal basis that could compete with current promising jurisdictions.”

Speaking at a private event on Thursday, Huobi senior business director David Chen claimed that the launch of Huobi Russia will help to promote the company’s “leading technology and trading expertise to Russian users,” including such skills as “unmatched safety, stability, and user experience.”

Huobi Russia CEO Andrei Grachev also noted the increasing volumes of crypto trading in Russia, claiming that the volumes have “recently exceeded US $20 million in a single day,” regardless of the current bear market.

Russia’s VEB Innovation Fund, created in 2011, is reportedly the “first” Russian specialized center for support and development of disruptive technologies in the fields of management and the functioning of enterprises and government corporations, according to the center’s website.

The innovation center is exploring and implementing various blockchain projects, and houses more than 20 branches of major blockchain and tech companies such as the Ethereum Foundation, Bitcoin (BTC) tech company Bitfury, PricewaterhouseCoopers (PwC), and others.

Vladimir Demin, chairman of VEB’s Innovation Fund, claimed that Russia is “actively promoting the blockchain market,” with VEB willing to play an “important role as a leader in blockchain research and legislation,” as reported in the press release.

Founded in 1922, VEB bank, or "the state corporation Bank for Development and Foreign Economic Affairs,” is the first international bank of the Soviet Union, originally named Roskombank. The bank is responsible for developing the Russian economy, as well as managing Russia’s state debts and pension funds.

Other Russian banks have also shown an interest in blockchain technology.
https://pbs.twimg.com/media/DuJr_lTX4AI1ORj.jpg
Recently, major Russian state-backed bank Sberbank conducted an over-the-counter (OTC) monetary repurchase agreement based on blockchain technology. And earlier in November, the Russian branch of Raiffeisen Bank International teamed up with local state oil giant Gazprom Neft to issue a blockchain-enabled bank guarantee.

https://cointelegraph.com/news/huobi-opens-first-russian-office-in-partnership-with-state-banks-digital-tech-center
https://myhuobi.ru/
https://www.huobi.com.ru/
https://www.facebook.com/huobirussia
https://t.me/myhuobi
https://twitter.com/HuobiRussia
https://www.reddit.com/user/HuobiRussia
https://vk.com/huobi_russia
https://huobirussia.blogspot.com/
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🏅🏅🏅TOP3 Best performing participants will get an additional reward from our reserve bounty fund.

Hurry up and join us to start building your passive income.
All you need is to invite new participants and ask them to mention your Telegram (@) username as a referrer when they submie forms to join.

The AMANPURI Exchange ecosystem is a system that offers spot transactions and up to 100x leverage transaction system and complete security with a focus on the 100% protection of customer assets through collaborations with major custodians and the use of blockchain transparency consisting of direct financial assistance.

Token AML
TypeUtility
Platform Ethereum
Accepting ETH
Hard cap 10,000,000 USD
Country Malta
Whitelist/KYC KYC & Whitelist


#Amanpuri #AmanpuriExchange #exchange #blockchain #crypto

https://amanpuri.io/tokensale/
https://t.me/amanpurichat
📊 A2TRADE

A2TRADE is a Hybrid broker/trade that seamlessly integrates all Fiat and Crypto payments throughout the platform. A2TRADE is able to make use of the today's buying and selling platforms, gear, and apps to create a simple platform for all of our trading and making an investment desires. A2TRADE platform will help trading and change of all broker and alternate assets, consisting of Crypto-currencies, shares, Bonds, Indices, and CFDs (forex, Crypto, and Commodities).
A2TRADE platform will guide physical property (Gold and Diamonds).

A2TRADE platform create a unified platform with shared E-wallets, eliminating the want for clients to apply multiple PSPs and standalone trade structures.

https://www.publish0x.com/lekato/a2trade-trading-platform-xdrzve

https://a2tradefx.com
https://a2trade.io/
https://a2trade.io/ru/documents

#A2TRADE #Exchange #Forex #Broker #myetherwallet #ethereum