Crypto.IQ Daily Radio Show May 17: Whale Dumps $35 Million of Bitcoin (BTC) on Bitstamp Resulting In BitMEX Liquidations And Flash Crash, New York Supreme Court Issues Injunction Against Bitfinex and Tether (USDT), Cryptopia Aims to Use Customer’s Funds to Pay Off Debts, Ripple Labs Dumping More Ripple (XRP) Than Officially Stated According to Coin Metrics, Poloniex Delisting 9 Coins Due to Securities Regulations, RepuX and JoyToken Exit Scam With $8 Million Of ICO Funds, Binance Aims to Offer Derivatives Trading

May 17, 2019 / by Zachary Mashiach

Listen to the May 17 Crypto.IQ Daily Radio Show

On this edition of the Crypto.IQ Daily Radio Show, we do a deep dive market analysis. A whale dumped $35 million of Bitcoin (BTC) at once on Bitstamp last night, causing liquidations of long positions on derivatives exchanges like BitMEX and a sharp drop in Bitcoin’s (BTC) price. The New York Supreme Court has issued an injunction against Bitfinex and Tether (USDT), which freezes its $900 million line of credit. Now, Tether’s (USDT) reserves are under watch by the government for at least 90 days. Binance is aiming to launch perpetual swap derivatives products sometime soon, and it is possible that when this happens Binance will become competitive with BitMEX. We discuss how Coin Metrics has found that Ripple Labs has dumped more Ripple (XRP) than officially stated, to the tune of about $100 million. Poloniex has delisted nine cryptocurrencies in the United States due to securities regulations, sparking speculation that SEC enforcement against ICOs may be coming soon. RepuX and JoyToken have exit scammed after raising $8 million collectively. Hear about how John McAfee pulled a publicity stunt saying he was going dark, fueling speculation that he had been arrested, but then came back online 15 hours later. The Brave browser is trying to raise another $30-50 million on top of $42 million of funding that it has already received. Learn how Cryptopia has released information indicating that they will be using customer’s funds in order to pay off business debts and gave customers zero warning before shutting down the exchange.

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