Traders buy the Bitcoin dip even as Evergrande’s implosion rocks stock markets

[ad_1] Bitcoin (BTC) investors seem concerned about the increasing speculation that China’s second-largest property developer, Evergrande Group, will default on its $300 billion in debts. These fears manifest in global equities markets, which saw a 1.5%–3% drop at this morning’s market open.  Despite the price move, the BTC outflow (net withdrawals) from exchanges has continued […]

Miners have accumulated $600M worth of Bitcoin since Feb

[ad_1] Bitcoin miners are accumulating Bitcoin (BTC) as the network hash rate continues to recover, according to on-chain analytics provider Glassnode. In its Sept. 20 Week on Chain report, Glassnode stated that miner BTC balances are increasing, with wallets associated with miners having stockpiled 14,000 BTC (worth roughly $600 million) over the past six and […]

Binance to cease crypto futures and options in Australia

[ad_1] Binance, the world’s largest cryptocurrency exchange by trading volume, continues limiting its services amid the ongoing global regulatory scrutiny, announcing new trading restrictions in Australia. Existing Binance users in Australia will have 90 days to reduce and close their positions for products such as cryptocurrency futures, options and leveraged tokens, the exchange announced Monday. Effective from […]