Crypto.iq Daily Radio Show

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

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Sinopsis

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 their $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 9 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 rai