Bitcoin On-Chain Data Reveals Chinese Mining Pool Behind Its Crash


Source: themoneymanifesto.com themoneymanifesto.com

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The New Bitcoin Fork BTCU Showed the World Its Team Led by Eric Ma as CEO and Joined by Two Well-known Advisors An otherwise decentralized cryptocurrency, Bitcoin, might have become a victim of a centrally orchestrated price dumping attempt. According to data fetched by CryptoQuant, a South Korea-based blockchain analytics firm, Bitcoin miners at Chinese mining firm F2pool started the massive sell-off that crashed the BTC/USD exchange rate by almost 20 percent in just less than 24 hours. Bitcoin outflow from F2Pool to all exchanges. Source: CryptoQuant Oversupplied Bitcoin CryptoQuant CEO Ki-Young Ju listed a series of bearish alerts he...