Square sold over half a billion dollars worth of bitcoin in 2019, outpacing broader crypto exchange volume growth in Q4. Square volumes were more inline with Binance U.S. which saw ~$250 million worth of bitcoin volume in 4Q.
Binance buying 40 million worth of Bitcoin raising Bitcoin price?
What major event happened recently that would require a big purchase and have the price go up? The Binance hack. That’s the only explanation I could come up with. The problem is will it hold the price after they have enough to cover everyone’s accounts... If I remember correctly the withdrawals are held for a week and those funds need to be placed in before withdrawal is allowed back on accounts. So is the Binance buy-back to cover its users this week causing this price spike? So we may see a week of Bitcoin rising until trading accounts are allowed to withdraw? We still haven't seen the effect the Binance hack will have on the market because people aren't allowed to sell and have Binance buying Bitcoin back for their accounts.BE CAREFUL. (Correct me if I’m wrong in this paragraph) What are your thoughts? Is it something else? I really think this is what’s driving Bitcoin up but leaving alts low. Problem is it's only a week long event as Binance is rushed to place the Bitcoin back on everyones accounts in a week.
10-23 00:44 - 'Bitcoin as a currency is unsustainable... / Security and Trust: Millions of dollars worth of bitcoin lost by hacks, lost passwords and mismanagement. Mt. Gox, Coincheck, Binance, Bitconnect to name few. / We may have solve...' by /u/jucoin2000 removed from /r/Bitcoin within 264-274min
''' Bitcoin as a currency is unsustainable... Security and Trust: Millions of dollars worth of bitcoin lost by hacks, lost passwords and mismanagement. Mt. Gox, Coincheck, Binance, Bitconnect to name few. We may have solved the problem with trust through block chain...We just don’t know if trust is a problem that technology can ever truly solve as long as humans are the ones using it. Cost effectiveness: Blockchain is very expensive for its functionality, computers working around the clock to maintain distributed ledgers using more energy than many entire country’s put together. Efficiency: Bitcoin has painfully slow transactions times. Visa’s payment network can deal with 24,000 transactions per second and bitcoin just a measly 7. So even though giant centralised organisations sometimes abuse our trust they are also fast, typically safe and convenient. Bitcoin is a currency experiment that will inevitably fail for its intended use, but before that time and due to its erratic changes in value there will be potential money and profit to be made from the instability. Its possible that “Blockchain” will revolutionise a lot more than just money, although as yet i am not clear as to what that will be. Conclusion: Make your money before the bitcoin bubble bursts...and it will..... ''' Context Link Go1dfish undelete link unreddit undelete link Author: jucoin2000
Binance traced the cryptocurrency theft — more than 7,000 bitcoins at the time of writing — to a single wallet after the hackers stole the contents of the company’s bitcoin hot wallet ... Since the inception of Bitcoin which many claim to be the safest and most secure currency in the world, exchange hacks and Bitcoin theft worth millions has become a common phenomenon. Binance, one of the world’s largest cryptocurrency exchanges, said hackers withdrew 7,000 Bitcoins worth about $40 million via a single transaction in a “large scale security breach,” the ... Bitcoin could still yet break $6,000 as momentum holds, but charges of manipulation and calls for Binance to delist Tether, the 1.1 million bitcoin at the centre of a long-running Florida court case and a New York State injunction threatening to cripple the operations of Bitfinex, are converging to provide market participants with plenty to chew on, if not choke over. Binance, a major cryptocurrency exchange, says hackers stole more than $40 million worth of bitcoin from its customers. Hackers steal over $40 million worth of bitcoin from one of the world's largest cryptocurrency exchanges. Published Tue, May 7 2019 10:40 PM EDT Updated Wed, May 8 2019 10:38 AM EDT. Arjun Kharpal ... Bitcoin Whale Moves Millions Worth of BTC From Binance. March 20, 2020 Tarulika Jain. Bitcoin price finally saw some green price rally after the massive fall last week. Bitcoin price soared to near $7k before correcting. Amid the price rise, the Twitter bot Whale Alert observed a huge transaction of Bitcoin in a few hours. Two of the significant transactions were found from Binance Exchange to ... Hackers steal $41 million worth of bitcoin from Binance cryptocurrency exchange. Posted May 08, 2019 18:12:41 ... Instead she roasted them in front of millions (photos) Miles Franklin awarded to ... Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume ... SushiSwap, drained out the development fund and sold SUSHI tokens worth millions of ETH. The community condemned his actions as an ‘exit scam.’ He was quick to react and transferred the admin control to FTX CEO, who then migrated it to a community-owned ... Hackers Stole Bitcoin From Binance Worth $40.7 Million. Edward Nash Follow on Twitter Send an email May 8, 2019. 2 minutes read. Bitcoin saw a month of immense recovery in the last month, but it has recently made bad news on the internet, courtesy Binance exchange. The exchange has reported that Bitcoins worth of $40.7 Million have been stolen by hackers from the crypto exchange. Binance ...
When Will Bitcoin Reach $1 Million? Binance Rocks Crypto
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