Bitcoin (BTC) bears should watch out for a potential blow as the number of margined short positions on the Bitfinex exchange crashes by roughly 25%. The dataset dropped to 11,066 BTC as of 12:20 GMT Saturday, compared to 14,897 BTC at the session's open. Meanwhile, the drop came as a part of a bigger downside move that started on July 15. On the day, the total number of margined short positions had reached 17,053 BTC. In simple terms, BTCUSDSHORTS represents the number of margined bearish positions on Bitfinex, measured in BTC. Traders borrow funds from Bitfinex — their broker — …
One of the most successful investors in the world is calling for the release of convicted criminal Ross Ulbricht. Following up on a September 21 tweet by Tim Draper that was completely sympathetic to the imprisoned Silk Road creator, Fred Schebesta of the Crypto Finder video podcast took a moment to ask the billionaire his latest feelings on the matter. Draper gave an effusive response: Free Ross, baby! Get him out. We need entrepreneurs like that guy! Get him out of jail! Why do we put these really extraordinary people in jail? We need their minds, their energy, their life …
The evolution of key industries have been historically driven by groundbreaking technological innovations that leave an indelible mark on society. The printing press led to the scientific revolution, the discovery of electricity brought light to the world, radio waves changed the way information was delivered to the masses, and the internet completely overhauled the way we communicate and interact with information. In the same vein, over the short space of a decade, Bitcoin has had a similarly disruptive and innovative effect on the financial world and the technology underpinning cryptocurrency has gone on to influence a number of sectors in …
A number of news publications, as well as Tim Draper, were trolled Friday by someone claiming to be the ‘real’ Satoshi Nakamoto. After a number of attempts to document his identity as Satoshi via private keys, the fake Satoshi cut off communication. After some research, it was clear that the statements were made in order to pump a new altсoin. The fake Satoshi continued to mention the Blockchain platform, and even produced some interesting documents including emails to and from Satoshi. However, the emails have been publicly available, and though difficult to find, did not prove the caller’s identity. Both …
On a sun-splashed day in the Swiss Alps, the chief technology officer of Bitfinex and Tether, Paolo Ardoino, shed light on the Plan B Lugano strategy, Tether as an onramp into Bitcoin (BTC) and —crucially — his favorite pizza toppings. Fresh off the plane from Norway, where Ardoino attended an increasingly Bitcoiner-friendly event, the Oslo Freedom Forum, the Italian explained that, in contrast to the WEF,there was no “shilling” in Norway. Tether was invited to speak at the Oslo Freedom Forum as the stablecoin is increasingly considered an “instrument of freedom.” Tether has been adopted by the Myanmar government while …