Huobi winds down former exchange operator in China
Huobi’s move follows a similar decision by crypto exchange OKEx, which resolved to dissolve its China-based entity in late June.
Huobi’s move follows a similar decision by crypto exchange OKEx, which resolved to dissolve its China-based entity in late June.
The Brazilian authorities seized $33 million linked to a money-laundering investigation involving cryptocurrency exchanges. The operation, called “Exchange Transaction” by the Brazilian police, involved six search warrants in different locations of the country. These searches were directed to find shell companies that used cryptocurrency exchanges for alleged money laundering purposes. Brazilian Police Seize $33 Million […]
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On-chain analysis shows huge Bitcoin outflows from crypto exchange Binance. BTC might keep the rally up and break $40k. Huge Bitcoin Outflows On Binance As pointed out by a CryptoQuant post, the crypto exchange has observed huge outflows of BTC on Monday. The Binance Outflows indicator shows the amount of Bitcoin transferred from the Binance exchange wallets to personal or other exchange wallets. On the other hand, the inflows show how many BTC were sent into Binance wallets from other types of wallets. The indicator of most interest here is the the Binance Bitcoin netflow, which is just the inflow minus the outflow. Binance BTC netflow = Inflow – Outflow Here is a chart for the Binance Bitcoin netflow that shows the trend in the value of the indicator over the past couple of weeks: BTC netflow on Binance shows deep negative for 26 July | Source: CryptoQuant As the above graph shows, the crypto exchange is showing two huge outflows right now. One of them was more than 10k BTC, while the other one was around a whopping 31k BTC! There also seems to be an inflow of about 10k, similar to the value of one of the outflows. A look at http://chain.info shows that, yes, this inflow and outflow is actually the same transaction between Binance internal wallets. Related Reading | Investing In Bitcoin Mining Businesses Is Also A Sign Of Institutional Acceptance The 31k BTC outflow, however, isn’t part of any internal transaction. Usually negative netflows mean there isn’t much selling pressure in the market. Hugely negative netflows, like this one, can make the price go up. BTC Price At the time of writing, Bitcoin’s price is floating around $37k, up 26% in the last 7 days. The increase compared to last month is about 14%. Here is a chart showing the trend in the price of the crypto: BTC’s price suddenly surges up | Source: BTCUSD on TradingView Bitcoin has finally broken through the $35k resistance level. Earlier, the crypto was stuck in the $30k to $35k range-bound market for quite some while as its market volatility reached yearly lows. Now, however, the rumors regarding Amazon opening up to BTC and crypto payments has helped drive up the coin’s price. Related Reading | Bitcoin On Track To $100K, Why The Bull Cycle Could Be Just In Its Early Days It’s looking likely that the price of BTC will continue to rise to $40k. Though, it remains to be seen if the digital currency can break past that level. The Bitcoin rise could very well stop after hitting the $40k resistance level, and the market could become range-bound below this level. Or perhaps it will carry the bullish momentum and break past the range to continue further beyond.
Using these settings and I am getting 50-55 MH/s. Temps constantly stayed at 70 Celsius. Around 350w each time. Is this optimal, are there any better settings? https://preview.redd.it/3s3xtjujxpd71.jpg?width=1600&format=pjpg&auto=webp&s=b1de5c64640e21549d3b03b619ffcdd29277d0d1 submitted by /u/Phrostphyre [link] [comments]
Bitcoin will need several attempts, but resistance should ultimately fall to bulls, but a healthy consolidation is also required, market participants explain.
A new project in Kazakhstan aims to enable local crypto businesses to provide crypto investment services legally.
What is a Hard Fork? A hard fork is when nodes of the newest version of a blockchain no longer accept the older version(s) of the blockchain; which creates a permanent divergence from the previous version of the blockchain. Adding a new rule to the code essentially creates a fork in the blockchain: one path…
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we are in a crab market and will continue to be until we definitively break out of the 30-40k BTC range. It doesn’t matter what your specific alts do because they are still majorly influenced by daddy BTC. Algo has a cool consensus mechanism and some partnerships but it’s wildly overshilled here and is far…
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