What Happened To The Bitcoin Price At BitFinex Today
Matching our analysis, Bitcoin price plunged to near $500 BTC/USD today. That is if you were looking at the Bitstamp exchange price. BitFinex, on the other hand, saw $460 followed by a return to $500 only to slam down to $451 a few seconds later. Is this the result of some systemic error or perhaps manipulation being exercised via the BitFinex exchange? Could it be that some early adopters are cashing out, or perhaps the news? Far from it, as the following explanation will clarify. BitFinex is one of the few major exchanges that offers traders the option of margin-based trading. The others....
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Bitfinex gets hacked, the first feature film funded via cryptocurrency is announced, and bitcoin and cannabis seek to join hands. Want to catch up on the latest digital currency news? Take a look below. BITFINEX. The bitcoin price has undergone a massive drop following a cyber-attack on Hong Kong-based bitcoin exchange Bitfinex, which has resulted in nearly $70 million stolen from users’ accounts. Blockchain security company BitGo has released a statement to customers, explaining: “You may have read that Bitfinex announced a security breach, today. We are working with Bitfinex to determine....
Bitcoin price breakout to the upside after completing a corrective decline over the past few days. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Price Analysis. Time of analysis: 14h30 UTC. Bitfinex 1-Hour Chart. A price surge from $192 happened following a few days of corrective consolidation to below $200 and $1,200CNY. A narrowing MACD indicator was the clue to an imminent breakout and today, around 09h00 UTC buyers started piling into the uptrend. The first obstacle was $222, the level of a Fib fan level displayed in the charts here....
Just like the buying support in the Bitcoin marketplace, Bitfinex support disappears in times of crises. Consider this scenario, which actually happened to me a few days ago. You are trading on margin at Bitfinex, and on the correct side of the direction of the market... the price is falling and you have a target price set to buy, and your order is on the books. Your target price has passed on all the tickers... except your account doesn't update on your Bitfinex account information page, ... at all. You have no idea if your order was filled, or what your current position is, because it....
The price of bitcoin slumped again today after Bitfinex closed its order book, citing issues with its post-trade processing. The Hong Kong-based exchange, which witnessed a 'flash crash' just last week, halted trading for a seven-hour period this morning. The Bitfinex price promptly fell a further 3.8% when it reopened at 12:31pm UTC. In a statement on Reddit, Zane Tackett, Bitfinex's director of community and product development, said: "Earlier today, at 5:27 UTC, we encountered an issue with post-trade processing, upon which we decided to halt trading to ensure consistency in the order....
BitGo has declared that its systems were not breached, and its software functioned correctly during the Bitfinex hack. Co-founder and CEO at BitGo, Mike Belshe, wrote on the company’s blog saying: Our job is to protect your Bitcoin and continue to improve the security of the service. BitGo systems were not breached in this attack and our software functioned correctly. This may seem like an inadequate explanation, because everyone wants to know “what needs to change to avoid what happened in this case,” and we understand that. Fortunately, the Bitfinex configuration was unique and other....