OKCoin’s Bots Are Off To The Races
Nov04

OKCoin’s Bots Are Off To The Races

Bitcoin Bots And Litecoin Bots Are Features On The OKCoin Exchange Last month BitcoinPriceLive investigated the rumors that Chinese exchanges were introducing fake Bitcoins and fake Litecoins. The story generated a lot of controversy as some said Chinese Bitcoins has been audited, while others said the high volume on Chinese exchanges was due to bots and no trading fees. Note that volume of Litecoins on Chinese exchanges is often 10...

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Chinese Litecoin Volume Remains Mystery
Oct17

Chinese Litecoin Volume Remains Mystery

Chinese Litecoin Volume Indicates Possible Fraud Last week BitcoinPriceLive reported the rumor that fake Chinese Bitcoins and fake Chinese Litecoins were responsible for the latest cryptocurrency market crash. Our main observation was that LiteCoin volume is so incredibly high on the OKCoin exchange that it is likely fraud. In the previous article we showed that one day volumes on OKCoin were roughly 12.2 million Litecoins. Seven day...

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FinCEN Targets 5 Or 6 Bitcoin Companies Next Month
Oct13

FinCEN Targets 5 Or 6 Bitcoin Companies Next Month

Rumor That FinCEN Will Act Against U.S. Based Crypto-Currency Companies A rumor has spread accross Bitcoin Talk forums, Reddit, and other related Bitcoin forums that the Financial Crimes Enforcement Newtork (FinCEN) will take action next month. They are expected to hand out “enforcement actions” against 5 or 6 U.S. based crypto-currency companies. According to the rumor, the FinCEN is targeting companies which are setting...

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UPDATED: Fake Chinese Bitcoins Crash Entire Crypto Market
Oct05

UPDATED: Fake Chinese Bitcoins Crash Entire Crypto Market

Fake Chinese Bitcoins & Litecoins Commonplace At Chinese Exchanges Evidence Shows The accusations came fast and furious Sunday when a Reddit thread appeared in r/BitcoinMarkets describing the heavy manipulation of Bitcoin and Litecoin in China. The story is that OKCoin, Huobi, and BTC China are introducing fake fiat currency, fake Chinese Bitcoins, and fake Chinese Litecoins on their exchanges. Since it is unlikely all users will...

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$200 Million Bitcoins Sought After By Hedge Fund GABI
Sep23

$200 Million Bitcoins Sought After By Hedge Fund GABI

Bitcoin Hedge Fund To Buy $200 Million Bitcoins Bitcoin Hedge Fund Global Advisors Bitcoin Investment (GABI) has begun buying Bitcoins and will invest up to $200 million in their first 6 months on operation.  An article on Morning Money first mentioned the $200 million number. CoinDesk has reported in this article, that GABI is buying the Bitcoins over the counter through DigitalBTC, an Australian company, that is Australia’s...

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5 Reasons The Bitcoin Price Is Getting Annihilated
Sep19

5 Reasons The Bitcoin Price Is Getting Annihilated

Bitcoin Price Gets Annihilated In the past week the Bitcoin price has gone from a high of $492 on Bitstamp to as low as $378. Volume has been high as well, leaving many Bitcoin holders wondering why the price is trending lower so violently. In previous downtrends there was usually a news event associated with the heavy selling, such as the Silk Road collapse, or Mt. Gox being hacked. Currently, there does not seem to be an obvious...

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