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Bitcoin Shorts Reach All-Time Highs During Low Market Cycle, What’s Next?

Bitcoin short positions have been ranging near their all-time highs during the past month, signaling that traders are giving up hope that Bitcoin will maintain its current price of over $7,200. On September 1st, a notable 10,000 BTC short position…
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Korea’s Major Crypto Exchange Bithumb Resumes Registration. Partners With NH Bank

Hankyung, a mainstream media outlet in South Korea, has reported that Bithumb, the country’s second largest crypto exchange, will officially resume new user registrations on September 1. Bithumb has disallowed new registrations for traders…
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BitMEX Data Glitch Sees Bitcoin Price Temporarily at $8,000, What Happened?

One of the most popular Bitcoin exchanges in the global market has experienced a data glitch in their system which sent the price of Bitcoin from $6,500 to $8,000 within minutes. Given that no trades were executed at the $8,000 mark, it is highly…
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Korea’s Crypto Exchanges are Backed by the Country’s Biggest Bank and Internet Firm

South Korea’s two largest crypto exchanges UPbit and Gopax are backed by the country’s biggest bank and internet company Shinhan Bank and Kakao. Importance of Shinhan Bank’s Involvement The vast majority of investors in South Korea are…
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BitMEX CEO: Bitcoin Hasn’t Seen the Worst, $5,000 Imminent Before Big Rally

On CNBC’s Fast Money, BitMEX CEO Arthur Hayes reaffirmed his stance on the price of bitcoin stabilizing in the $5,000 region before initiating the next rally. Is a 30% Drop Imminent? On July 1, Hayes appeared on CNBC’s Fast Money and discussed…