News

Big Bitcoin Whale Triggers BTC Fluctuation with $ 100 Million Purchases!

The CEO of the BCB Group, the crypto money firm, said that the rise of Bitcoin was triggered by a single Bitcoin whale, and that it was coordinated to buy around $ 100 million in BTC on three crypto exchanges.

Oliver von Landsberg-Sadie told Reuters that there is a 20,000 BTC buying spree run concurrently in Coinbase. Kraken and Bitstamp are largely responsible for the fluctuation that raises BTC's price to more than $ 5,000.

Var There are 20,000 BTC's one receiver that is algorithmic managed from these three exchanges. If you look at the volumes in these three exchanges - in-stock, there were about 7,000 BTC units in an hour. "

At some point, Crypto analyst DataDash believes that large Bitcoin owners who accumulate BTC in over-the-counter transactions (OTCs) will provide a huge incentive to start spot trading on crypto exchanges to raise the price.

Iz In the past months, we have to understand that OTC buyers finally have a good opportunity to get Bitcoin on these [low] levels. And once they have enough incentives, they will encourage them to trade on the spot market after long-term positions when they are sufficiently at risk in the Bitcoin markets. That is, they will clear the order boards to start taking the positions in the spot market.

Why did they do that? because they have a very important position to buy OTC from one place, and now the price is actually shifting to the contrary, that buy-in is deleted from the book, buy an extra bitcoin on a stock exchange, in most major stock markets, probably about 50,000 or 60,000 Bitcoins they need to buy. In fact it increases the value of much larger positions.

As for where the market is coming, crypto analyst Nic Trades warned his Twitter followers to follow 93,000 followers stating that the latest fluctuation was a false break.

Among the major stock exchanges, a 50% drop in swing height is the key number to follow.

Um If we come back more than 50% of this turn, then I'm worried and I can say that it's probably a broken break im I'd be a little less bull if we fell under the 200-day moving average line. A daily closing below $ 4,714 would not be very positive. "

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph