Cryptocurrency Exchange Denies Tampering With BTC Prices
Customers on an exchange in Hong Kong accused them of Bitcoin Futures price manipulation.
OKEx, which operates one of the world’s most popular electronic venues for bitcoin trading, said it would cancel trades that occurred in a 90-minute period between 5 a.m. and 6.30 a.m. Hong Kong time Friday.
That was when the price of a bitcoin futures contract on OKEx fell sharply below bitcoin’s spot price—which, according to CoinDesk, was about $7,000 that day. The exchange didn’t state the futures price, but traders said it slumped to as low as $4,755 during that period.
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https://www.wsj.com/articles/bitcoin-brouhaha-cryptocurrency-exchange-okex-denies-price-tampering-1522841694?mod=e2tw
Hi, great post, have followed you. What do you think of the current state of the Bitcoin market?
Thanks for the follow! Ill follow back. Right now I think its healthy. We may not see much movement right now. May actually still go and take another dip towards low 6k. In May I think we will see the Bulls take over big time!!