Bitcoin Whales Are the Smart Money. Don’t Be the Dumb Money

2019-6-2 13:53

By CCN: Owners of “whale wallets” scooped up 450,000 BTC as the bitcoin market hit bear-market lows in late 2018.  It appears whales now control 25% of all BTC. Is this good or bad for bitcoin? Whales are smart money These private, non-institutional buyers decided an 85 percent decline was a buying opportunity.

The market sent BTC prices higher. Now they hold bitcoin, hoping to exploit the law of supply and demand. By hoarding coins, liquidity dries up, theoretically forcing prices higher. Been here before This is the same tactic used by DeBeers, the UK-based diamond cartel to control prices in the

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Bitcoin Money Flow and Futures Volume Signals Intense Volatility is Imminent

Bitcoin’s futures market is seeing surging aggregated open interest as the crypto finds itself caught within a bout of lackluster trading This coincides with the crypto seeing a decline in money flow The confluence of these factors suggests that BTC is gearing up for a big movement Bitcoin’s price action seen in recent times hasn’t been too exciting.

2020-4-22 02:00


Multi-Million Bitcoin ATM Scheme Exposes Holes in EU’s Money Laundering Net

Spain’s Guardia Civil (Civil Guard) police unit has indicated that current rules in Europe are inadequate with regards to discouraging the use of Bitcoin ATMs to launder money. According to Bloomberg, this deficiency results from the fact that the owners of the Bitcoin ATMs are not required by the strict AML regulations to vet users […] The post Multi-Million Bitcoin ATM Scheme Exposes Holes in EU’s Money Laundering Net appeared first on CCN Markets

2019-7-14 08:51


Multi-Million Bitcoin ATM Scheme Exposes Holes in EU's Money Laundering Net

Spain’s Guardia Civil (Civil Guard) police unit has indicated that current rules in Europe are inadequate with regards to discouraging the use of Bitcoin ATMs to launder money. According to Bloomberg, this deficiency results from the fact that the owners of the Bitcoin ATMs are not required by the strict AML regulations to vet users […] The post Multi-Million Bitcoin ATM Scheme Exposes Holes in EU's Money Laundering Net appeared first on CCN Markets

2019-7-13 08:51