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Seller shortage? Bitcoin exchange reserves plunge as BitMEX bleeds BTC

Bitcoin ( BTC ) exchange reserves are continuously plummeting as analysts pinpoint the trend to a shortage of sellers. Since the March crash, the reserves on exchanges fell rapidly from 2,950,000 BTC to 2,700,000 BTC. Within merely seven months, a 250,000 BTC fall in exchange reserves signifies a $ 2.85 billion decline. Behind the steep […]

OKEx founder led under investigation as exchange suspends withdrawals

The founder of major global cryptocurrency exchange OKEx has been questioned by authorities previous to OKEx suspending cryptocurrency withdrawals. OKEx founder Mingxing Xu, also known as Star Xu, has been questioned by the police, Chinese news agency Caixin reported on Oct. 16. According to the report, the exec was investigated "at least a week ago" […]

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