Subscribe
January 27, 2026
Sign In

Capitalizations Index – B ∞/21M

Menu
Breaking
Can Bitcoin Be Hacked? Understanding Real Vulnerabilities Hyperbitcoinization Explained: Bitcoin’s Global Role Why Bitcoin’s Volatility Appeals to All Investors Scalability in Bitcoin: How Lightning Uses Channels When and How Bitcoin Can Be Lost Forever

Bitcoin [BTC]: Large chunk of BTC moved from unknown wallet to Bitfinex as scandal continues to evolve

Bitcoin [btc]: large chunk of btc moved from unknown wallet to bitfinex as scandal continues to evolve

Bitcoin [BTC]: Large chunk of BTC moved from unknown wallet to Bitfinex as scandal continues to evolve

Bitcoin [btc]: large chunk of btc moved from unknown wallet to bitfinex as scandal continues to evolve

bitcoin’s [BTC] price movement has always reflected the atmosphere of the market. Just recently, it was discovered that 3,500 BTC were transferred from an unknown wallet in the cryptoverse to an account created on the Bitfinex platform.

The total amount of bitcoin transferred amounted to a massive $19.262 million. The unknown receiver wallet had an address of 35SXEadbKAfcjXSUB5oXNw4Nr2Yqkox4kJ, while the receiving Bitfinex account possessed an address of 1Kr6QSydW9bFQG1mXiPNNu6WpJGmUa9i1g. The movement was also observed by other members in the cryptoverse, with one user commenting “Operation dump!.”

The 3500 BTC movement was preceded by transfers among other exchanges, some being a 1000 BTC shift from a Huobi wallet to an unknown wallet and a 2000 BTC movement from an unknown wallet to a Bittrex account.

bitcoin at the moment is on a bullish run, trading at $5808 after enjoying a 6.48% growth in 24-hours. The world’s largest cryptocurrency held a market cap of $102.69 billion and 24-hour volume of $18.12 billion.

This rise was also reflected among the rest of the market as coins like Litecoin [LTC] and Binance Coin [BNB] rose, despite the Bitfinex-Tether episode coming to light. The NY AG accused the two organizations of colluding with each other to cover up losses and the latest report shows that the Court granted the show cause order requested by Bitfinex’s legal counsel. According to Stephen Palley, a prominent lawyer in the cryptocurrency space,

“It is not at all unusual for a Court to issue a show cause order after issuing an ex parte Order, where respondent has briefed an opposition. Whatever you think of Bitfinex or Tether (or the merits of their argument), we live in a country where state actors can be challenged.”

The post Bitcoin [BTC]: Large chunk of BTC moved from unknown wallet to Bitfinex as scandal continues to evolve appeared first on AMBCrypto.

Published at Sun, 05 May 2019 18:11:56 +0000

Previous Article

How WazirX P2P Exchange saved Indian traders from Crypto Ban.

 Next Article

How to Invest in Blockchain Stocks?

You might be interested in …

Very bullish news for ethereum | bitcoin found support (for now)

Very Bullish News For Ethereum | Bitcoin Found Support (For Now)

Very Bullish News For Ethereum | bitcoin Found Support (For Now) Join The ‘BTCKYLE’ Patreon Community: ► https://www.patreon.com/BTCKYLE bitcoin Basics Trading Videos (Highly recommended): ► https://emini.isrefer.com/go/bbo/khz/ BINANCE (ALTCOIN EXCHANGE): ► https://www.binance.com/?ref=11285997 World Crypto Con ► […]

Ethereum Classic Price Technical Analysis – ETC/USD to Break $32

Key Highlights

  • Ethereum classic price has formed a support base at $25 against the US Dollar.
  • There was a break above a major bearish trend line at $29.00 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
  • The pair might continue to move higher towards or above the $32 level in the near term.

Ethereum classic price is slowly gaining pace against the US Dollar and bitcoin. ETC/USD may continue to move higher above the $32 level.

Ethereum Classic Price Upside Move

It seems like a decent support base formed around the $25.00 level in ETC price against the US Dollar. The price moved higher and broke the $26.00 resistance level. There was a break above the 23.6% Fib retracement level of the last decline from the $41.00 high to $24.89 low. ETC buyers were successful in breaking the $27.00 resistance and the 100 hourly simple moving average.

More importantly, there was a break above a major bearish trend line at $29.00 on the hourly chart of the ETC/USD pair. At the moment, the pair is attempting a break above the 38.2% Fib retracement level of the last decline from the $41.00 high to $24.89 low. Once there is a proper close above the $31.09 resistance, there can be more gains. The price could easily move further higher above the $32.00 level. The next resistance is around the 50% Fib retracement level of the last decline from the $41.00 high to $24.89 low.

Ethereum Classic Price Technical Analysis ETC USD

On the downside, the $29.00 level and the 100 hourly SMA is a decent support and a buy zone. The overall trend is positive above the 100 hourly SMA and the price could easily break the $32.00 level in the near term.

Hourly MACD – The MACD for ETC/USD is almost flat and is showing a few bullish signs.

Hourly RSI – The RSI for ETC/USD is currently well above the 50 level is moving higher.

Major Support Level – $29.00

Major Resistance Level – $32.00

 

Charts courtesy – Trading View, Kraken

The post Ethereum Classic Price Technical Analysis – ETC/USD to Break $32 appeared first on NEWSBTC.

Close Menu