A Call for $100,000 per Bitcoin as All Time High Comes into Sight

In another big move yesterday, the price of Bitcoin went as high as $19,400, a level last seen during BTC’s run-up to a new all-time high.

But with the last resistance level present at $19,300, Bitcoin has yet to make a strong move upwards.

Today, we are back to reaching for the new high, just about 4.5% away from $20,000.

However, technically, the digital asset is just inches away from the ATH if we consider Kraken’s 2017 peak. During the last bull run, different cryptocurrency exchanges had different peaks.

While Bitstamp had the ATH around $19,665, BitMEX had it $100 up at $19,777, and another $100 up on Huobi at $19,867. Gemini’s Bitcoin ATH was at $20,000 while Coinbase was just under $19,900.

The consensus in the market, however, is for the round figure of $20,000, and as Erik Voorhees, CEO of ShapeShift exchange, noted, “we’ve already surpassed the more important ATH, which is market cap. BTC value in aggregate is already at its all-time high.”

How High?

Amidst the ongoing bulls onslaught, people are betting that the largest cryptocurrency could go as high as $100,000 in this cycle.

Up 165% YTD, according to Brian Estes, chief investment officer at hedge fund Off the Chain Capital, for Bitcoin, surging from $18k to $100k in a year is not a stretch.

“I have seen bitcoin go up 10X, 20X, 30X in a year. So going up 5X is not a big deal,” Estes told Reuters.

In mid-July, just four months back, bitcoin was around $9.2k, and since then, it has increased 10x in value.

Bitcoin can hit anywhere between $100,000 and $288,000 by year-end 2021, predicted Estes based on the stock-to-flow model, which he said has a 94% correlation with the price of Bitcoin.

But not for Toronto-based independent proprietary trader Kevin Muir said, “Any hedge fund model on bitcoin is rubbish. You can’t model a mania,” adding,

“Is it plausible? For sure. It’s a mania. But does anyone actually have a clue? Not a chance.”

What’s really interesting is the shortage of supply we are seeing. With bitcoin produced in a day already halved, Square’s Cash App, PayPal, and Grayscale are gobbling up the majority of Bitcoin’s supply.

Amidst this, the whale index, addresses holding at least 1,000 BTC, is also at an all-time high at over 2,200, a number up 37% from 1,600 in 2018, suggesting institutional money is pouring in, said Phil Bonello, research director at digital asset manager Grayscale.

As for retail investors that could have been sidelined due to the pandemic may be back again with force now that PayPal has entered the market.

Because of this, Lennard Neo, head of research at crypto index fund provider Stack Funds, expecting a deluge of retail demand even more intense than in 2017, predicts BTC to reach $60k to $80k by the end of 2021.

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Author: AnTy

Bitcoin Has Only Traded Above the 2020 High for Just Over 30 Hours, In Its Entire History

Bitcoin is aiming for a new all-time high this weekend.

On Friday, the digital asset went as high as $18,980, making a new 2020 high. Now, we are less than 7.5% away from $20k as we currently trade around $18,680.

Interestingly, there have been only 31 hours that BTC traded above $18,900 in its entire history, at the peak of the 2017 bull run, of course, and at $19k for a mere 24 hours. Also, at that time, BTC has been above $19,800 for less than an hour.

“There is little to suggest this rally has run out of steam, and all signs point to a run at the all-time high in the near future,” said Denis Vinokourov, head of research at Bequant in London.

For Su Zhu, the CEO of 3 Arrows Capital, “the next key price to watch will be $36k,” because “this is the strike with the largest BTC Open Interest on Debit Exchange, the dominant market leader in Bitcoin and Ether-settled options trading.”

For now, it would be interesting to see if breaking the much-coveted $20,000 will trigger a pullback for the prices of the Bitcoin, for which the crypto community has been waiting for a long time. A break above ATH is also expected to capture more of the mainstream attention.

Already it has been pacing in 2020, what with the likes of BlackRock, JPMorgan, Ray Dalio, Maisie Williams, Rapper Logic, who went YOLO, and so many more.

Wider institutional acceptance has been particularly seen after PayPal announced its decision to allow its customers to access cryptos.

“When we think about who we see getting involved in the space and seeing how many more access points are being opened, that can further expand the base of investors participating in this asset class,” said Michael Sonnenshein, managing director at Grayscale Investments. “We’re very, very encouraged by the prospects for this space overall.”

Alex Mashinsky, chief executive officer at Celsius Network, a crypto lending platform, also said that today the flagship cryptocurrency had reached a place where institutional investors, banks, and family offices are “legitimately pondering involvement as a defense against currency devaluation.”

With these latest gains, 17% in just last week and over 150% YTD, Bitcoin has become the 15th largest digital asset by the market capitalization of $347 billion.

Beating Mastercard and Walt Disney, the leading digital asset, is ready to take over JPMorgan at $349 billion, just one step above, which it already did, albeit briefly.

As BTC continues to climb the rank up among the biggest assets by market cap, it has Visa at 12th spot with $397 billion market cap, Tesla at 10th spot with $464 billion, and Warren Buffet’s Berkshire Hathaway at 8th spot with $532 billion market cap in its vicinity to take over.

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Author: AnTy

This Election Week is Won by Markets; US Dollar Under Pressure with Risk On

On Thursday, the price of Bitcoin went nearly to $16,000 and is currently holding around $15,500. Having rallied 20% this week, the digital currency seems to be now in consolidation mode providing the altcoins the chance to surge.

These gains came during the US election week, which helped the leading digital currency beat major asset classes this year.

With 115% gains in 2020, Bitcoin exceeds gold’s 28% returns and S&P 500’s 8.60%.

Everything is aiming for their all-time highs following the Nov. 3 election as Joe Biden’s lead strengthened with the possibility of a Republican Senate. Such an outcome of a split government, according to some, could lead to an increase in fiscal stimulus.

“We still anticipate that there will be a fiscal package in excess of $1 trillion next year,” said James Knightley, chief international economist at ING Group in New York.

Besides the escalating pandemic and looser monetary policy, the sliding greenback helps push the digital asset higher as investors seek stores of value.

The dollar has its worst week since March, and according to Kit Juckes, a strategist at Societe Generale, “If you had to write a playbook that would get people to say ‘I need an alternative to the dollar,’ this whole process fits that story.”

During the period BTC rallied, the risk-on backdrop triggered a sell-off in the dollar, which fell to a 2018 low.

“Gold, silver, and Bitcoin have worked like a dream in the weak U.S. dollar environment and has attracted huge client interest,” wrote Chris Weston, head of research with Pepperstone Group Ltd., adding, further weakness in the dollar would encourage “an even more constructive view” on both gold and Bitcoin.

Crypto markets also have a history of wild swings, and it is currently on its third such cycle, riding a tide of liquidity.

Mania isn’t Here Yet

In the stock market, tech stocks are rallying on expectations that key progressive goals like antitrust reforms won’t be implemented by Biden.

According to Goldman Sachs analysts, financial services companies will also benefit from better capital markets and a lower likelihood of tighter regulation.

Already, more than $4 trillion has been added to global equity markets this week, putting it on track for the third-biggest week of 2020.

And with this, investors are back into pouring cash into global markets with a force that hasn’t been seen in months. The same is happening in the crypto markets, which added about $50 billion during the same period.

This can be seen in the open interest in Bitcoin options, which is reaching $4 billion. As per CME’s latest COT report, short interest from hedge funds has made a new all-time high, the same as short interest from dealers and intermediaries.

According to on-chain analyst Willy Woo, Bitcoin is not topping; rather, it will see more bullish action after consolidation.

As for the price action that we have recently, it was the “most organic pump” instead of a squeeze from derivatives traders as a “ridiculous amount of coins were scooped up and moved off to individual wallets,” — the largest one day scoop up in 5 years.

Before the pump started, the influx of new HODLers has been “through the roof,” the kind of momentum last seen in Oct. 2017, just one month before the mania started.

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Author: AnTy

Ethereum’s Gain is Also Its Loss Amidst the Continued Institutionalization

Yesterday, the largest digital asset took a hit and went down to about $11,110 level. Naturally, this then translated into losses for altcoins.

Altcoins went down hard with Cardano (ADA) being the biggest loser among the top cryptocurrencies while Aave (LEND) remaining the biggest gainer hitting yet another all-time rushing for $1 — up 67% in the past five days.

While bitcoin continues to record losses in the short-term, Ethereum continued to underperform and dropped by almost 10% below $400 to as low as almost $370.

At the time of writing, ETH/USD has been trading at $388.60, now in the green by over 2.2% but in the gains by 196% YTD.

Thanks to these gains, Ether now accounts for more than 30% of the total cryptocurrency market cap excluding Bitcoin, for the first time since September 2018.

However, while the exchange balance of BTC has gone down 9.6% in 2020 so far, Ether’s balance YTD change has been net positive of 10.4%.

It has been these profits that have the ETH balance on crypto exchanges growing as investors look to take off profits. Even the ETHUSD longs in Bitfinex have seen a slight drop but that could be temporary just like in early August that led to the longs hitting new highs.

The Institutionalization

While Ether is in losses with the market looking to finish off the monthly lower, ConsenSys is making acquisitions and gaining investment.

As we reported, the institutionalization trend is continuing with the NY-based Ethereum venture studio founded by Ether co-founder Joseph Lubin which acquired Quorum, the Ethereum-based enterprise blockchain platform developed by mega-bank JPMorgan.

“We’ll be working together with JP Morgan to merge the technical roadmaps of our own hyperledger basic client which is an Ethereum mainnet compatible client with the Quorum technical roadmap and under a commercial agreement we will be supporting JPMorgan’s Interbank Information Network, the IIM, and JPM Coin network,” explained Lubin in an interview with CNN.

JPMorgan has also made a strategic investment in the company but the size of the investment hasn’t been confirmed by either of the parties.

“So we will be bringing a much more comprehensive enterprise Ethereum solution to not just JP Morgan and the hundreds of financial institutions on their networks but the additional hundreds of institutions around the world that make use of enterprise Ethereum and that are increasingly starting to make use of public mainnet Ethereum,” Lubin added.

Vulnerable to Attack

Amidst all this came a research that says more than $1 billion worth of tokens on the Ethereum blockchain is suffering from a software vulnerability — a fake deposit exploit.

This missing software standard is found to be in 7,772 issuers of ETC20 tokens which can be manipulated to hack the funds at about no cost.

“If the fake deposit attack is carried out, it is for sure a great disaster for the token,” said one of the researchers, Haoyu Wang, an associate professor of computer science at Beijing University of Posts and Telecommunications. “Worst case, the token has to be reissued.”

The possible fix is upon crypto exchanges which can blacklist malicious token contracts because smart contracts are permanent and can’t be reversed.

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Author: AnTy

Litecoin Back in the Limelight with A Network Bustling with Activity

In the middle of last week, Litecoin started surging. With a jump of 30%, LTC went to nearly $70; a level last seen in February 2020 before the coronavirus sell-off, only to come crashing back down to $61 along with the rest of the crypto market.

The digital asset, which has fallen down to the 8th spot and is up only 47% in 2020, is still down 83% from its all-time high of $373.

Litecoin, which was once purported as Bitcoin’s silver, has been absent from the market for some time now. It was in early last year, late January 2019, that Litecoin creator Charlie Lee tried to bring the limelight back to this digital asset by announcing that fungibility and privacy will be coming to it.

But it has been much later that the development started in this direction, for which the community and Lee have been providing the funding.

Grin developer David Burkett is the one who is working on Litecoin mimblewimble implementation, and according to his monthly updates, the testnet is on track for a September launch.

There are also some talks of a possible collaboration between Litecoin and Cardano, but that’s to be seen, if and when it will materialize.

What’s happening

Lee, who is infamous for selling his LTC stash at the top of the market, today took to Twitter to share that Litecoin has seen a bustle of activity recently.

Privacy/fungibility with Mimblewimble testnet is coming soon with the Litecoin Visa debit card to be launched as well.

Grayscale Litecoin Trust (LTCN) has also become publicly tradeable, joining five of its other products.

On the network front, Litecoin’s hash rate is up 50% this year and transactions 100% with about $500 million sent per day, shared Lee. Total LTC addresses meanwhile are up 400% in the last three years.

Moreover, Litecoin SegWit usage has reached 80%, more than Bitcoin’s 50%, which Lee highlighted is because of Blockchain.com not implementing SegWit.

When it comes to transfer counts, Bitcoin recorded 178k per day while Litecoin only had 2.7k on January 1st, 2017, which has now reached 345k and 50k, respectively. Meanwhile, in terms of the transfer value, currently, Bitcoin is processing about $3.5 billion compared to around $100 million on the Litecoin network, as per Coin Metrics.

All this activity and price action is surely working on Litecoin’s favor as people take notice of it. Analyst Mati Greenspan has 18.17% of his portfolio in this digital asset.

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Author: AnTy

Here’s the Larger Trend that Will Continue to Persist in the Markets

Yesterday, the bitcoin price dropped by 6.6% as it went down to $11,150. Today, the prices went down even further only to make it back to $11,500. Denis Vinokourov of Beqaunt said,

“The unwind of bullish positioning was clearly evidenced in the options skew, however, the correction was largely limited to the front-end of the curve, while the back-end held largely steady, which supports the view of profit taking flow.”

Until the price breaks below $10,500, bulls aren’t in any danger in the short term. They just need to “reclaim $11,500 price to continue moving up to daily high at $11,900. Reclaim $11,900 on a daily close, and we go up to $12,500+,” said trader Josh Rager.

However, as we reported, the digital asset wasn’t alone in this correction as the spot price of gold has fallen more than 7% since yesterday, going as low as $1,862. The yellow metal is back at around $1,934. Sentiment, further pointing out how bullion pulled back more than the digital asset noted,

“Gold continues to look like a legitimate leading BTC indicator during these uncertain times. There appears to be a continued simultaneous interest in these two non-fiat stores of value,”

This sharp multi-asset pullback was the result of bond yields surging — the yield on 10-year Treasury jumped to 0.673%, up from 0.51 earlier this month, last seen over a month back.

Much like the correction seen yesterday, we would see many more along the way that may even extend for weeks or months, “but the trend should remain,” said trader and economist Alex Kruger.

“The larger trend remains: continued stimulus keeping real rates negative and pushing everyone out the risk curve. This is a long term trend,” he said.

On the way to New Highs, it is!

The markets have been enjoying a euphoric time before this correction. Even the stock market was affected by this, which was just 0.17% away from its all-time high when the S&P 500 took a drop of 1.4%. Today, it has again opened higher.

Amidst this, tech companies are working on enticing retail investors as after Apple; now Tesla has announced a stock split. Mati Greenspan, in his daily newsletter Quantum Economics wrote,

“Looks like we’re in the midst of a rather sharp multi-asset pullback. Precious metals, the top-tier tech stocks, and even the crypto market are all down today.”

Although the analyst had expected this to happen, he was anticipating a US dollar rally, but “the currency market remains as unexciting as ever throughout this massive move.” As such, “this dynamic can make it very difficult to predict what’s going to happen, especially in the short term,” he said.

The largest digital asset was able to stave off the deeper losses, but still, it isn’t promising as Charlie Morris of ByteTree said,

“I’m disappointed by Bitcoin price action today. Down less than gold and silver, which is good. But responding negatively to bond yield spike.”

“My high hope was it had “value” credentials. Did you know that 95% of BTC’s gain to date coincided with a rising bond yield?”

However, he noted in his company’s blog that what’s not many are not realizing is that the world’s leading cryptocurrency is actually “quickly creeping” back to its all-time high of $20,000.

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Author: AnTy

Blockstream CEO Labels Ethereum, Cardano, Ripple, & Stellar As A Ponzi Scam Like Bitconnect

Adam Back, Blockstream CEO and well-known computer scientist in the crypto community, went on a rant on Twitter dissing several high profile blockchains, including the second-largest crypto project, Ethereum. He compared these blockchains to “Ponzi schemes.” Back wrote on Twitter:

“Bitconnect, Charles Ponzi, Ethereum, Onecoin, Cardano, Ripple, Bernie Madoff, stellar, Dan Larmer. All looking very similar grade to me.”

As a Bitcoin maximalist and developer, Back was critical of some of the top altcoins, Ethereum being top of the list. According to him, the exploits of Ripple, Ethereum, Cardano, and Dan Larimer’s founded EOS, are all similar to the two most known financial conmen, Charles Ponzi (who originated Ponzi schemes) and Bernie Madoff, the billionaire Ponzi market maker.

Moreover, the list also includes two of the biggest crypto-based scams in Bitconnect and Onecoin, the latter costing investors close to $4 billion in funds invested.

Explaining his choice of projects in the tweet, Adam claims the four projects mentioned do not follow his belief in “hard money, meritocracy, and ethics.” He further explains:

“I think there are unicorn dreamers who got trapped in magical thinking with themselves as a self-regarded tech genius and central bank policymaker. Reality is they are misallocating capital, scam 2.0, idiocracy.”

On Ethereum, he explains: “70% of pre-mine and ethics are incompatible. Eth continually over-markets undelivered or junk tech.”

Also Read: Blockstream CEO Adam Back: Now-Defunct Theranos Was Similar To Ethereum

Bitcoin Maximalist or Wrong Take?

Back’s comments, however, have not been taken lightly by the named parties and the community at large. Some resorted to terming Back a BTC maximalist as one of the starting developers on Bitcoin.

Dan Larimer, the founder of EOS, replied harshly stating:

“My respect for you has disappeared if you are willing to paint me and others with the same brush. I thought you were more reasonable, civilized, and intelligent.”

Ethereum Founder, Vitalik Buterin, hit back at Adam’s comments claiming “the tides of history will not be favorable to maximalists.” He tweeted,

IOHK Founder and Cardano founder, Charles Hoskinson dismissed Back’s comments as “sad and pathetic.”

A Decentralized Field… Different Opinions

As far as decentralization goes, there will always be different opinions on subjects and projects. The rising tide of Ethereum and DeFi space, in general, could be encroaching in BTC’s territory hence the pushback by BTC maximalists.

In this case, Adam’s comments may hold up in the future, but the blockchains keep growing and developing (some faster than BTC). One thing it shows is every belief wins in a decentralized community. Changpeng Zhao “CZ,” CEO of Binance had good fun in the back, and forth it seems:

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Author: Lujan Odera

Ethereum 2.0 Final Testnet, Medalla, Rolls Out; Is A 2020 Launch Now In Sight?

The Ethereum 2.0 Phase 0 Medalla public testnet finally went live on August 4, 2020 at around 1AM GMT giving hope of a possible ETH 2.0 mainnet launch this year. News coming in to BEG desk, confirms all five named client implementations have successfully synced to the Medalla testnet including Prysmatic Labs’ Prysm, ChainSafe’s Lodestar, PegaSys’ Teku, Status’ Nimbus and Sigma Prime’s Lighthouse.

Over the past two years or so, Ethereum developers have launched testnets with an aim to improve the development towards ETH 2.0. The Medalla testnet, the fifth and final official testnet in the transitioning of Ethereum to a proof-of-stake (PoS) network, is the only public test net so far.

The launch follows previous releases of the Sapphire testnet, when developers tested the validators by depositing 3.2 ETH. The Topaz testnet, released by Prysmatic Labs, introduced the full 32 ETH validators fee and in June, the Ethereum community introduced the Onyx testnet to boost the number of validators to 20,000.

Finally, a coordinated multi-client testnet dubbed Altona went live in early July to ensure further stability before the Medalla testnet could be rolled out this month.

A slight bump in the road

According to the Beacon chain, ETH 2.0 staking explorer, the Medalla testnet launched at Epoch 0 with 20,084 validators on board with over 640,000 ETH staked on the platform. Despite the successful launch, the platform faced a challenge with only 57% of validators available, presenting an issue in block finality.

However, Ethereum Foundation’s, Hudson Jameson said on Twitter, the low count in validator participation offers a learning moment for the upcoming ETH 2.0 mainnet launch. He wrote,

“We are getting to experience firsthand how the network operates with a low number of validators and how it will improve as more validators come online! This is what testnets are for and I’m excited to see the situation develop as we get more folks online on the testnet. Get hype. Eth2 is coming :)”

The low participation levels is mainly caused by the people who staked the 32 ETH but are not online to validate the blocks. This issue is set to be settled out with these validators expected to be thrown out in order for the Medalla testnet to reach the optimal 80% validator participation threshold.

The Medalla testnet, a Spanish name for medal, is similar to the final testnet of ETH 1.0, labelled Olympic testnet, which gives a possibility that the ETH 2.0 mainnet launch could be completed later this year despite earlier predictions of a 2021 launch.

More developments on the story to follow.

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Author: Lujan Odera

Second Half of 3-Yr Bull Market: Ether’s Crazy Run has 90% of its Supply in Profit

This past weekend, the price of Ether went past $400 to as high as about $420, a level last seen in July 2018. This huge move has been in line with bitcoin, which surpassed $12,000 only to crash 12%, which had ETH falling back to $360. Ethereum, however, had both a bigger percentage of a move up and a move down.

These gains, meanwhile have a good majority of ETH supply in profit.

The unprecedented amount of volatility over the weekend saw $1.1 billion worth of futures positions of over 70,000 traders getting liquidated across all exchanges.

Almost $400 million was liquidated on both OKEx and Huobi separately, followed by $164 million on BitMEX and $86 million on Binance. Most of the liquidations, about $647 million, were from Bitcoin’s futures, and $165 million of liquidations came from Ethereum.

According to Spartan Black of crypto hedge fund, The Spartan Group, the activity over the weekend has the market “entering into the second half of this three-year bull market which started in Jan 2019.”

When it comes to Ether, its rally was led by the “optimism around the impending launch of ETH2.0 phase 0 later this month,” he said.

Much anticipated ETH 2.0 will be more technically complex because it deals with validators, shared Ethereum co-founder Vitalik Buterin in an interview with Unchained podcast. He also said, “negative emission is not far from the range of possibility for Ethereum (ETH).”

Ethereum transaction fees have been skyrocketing in 2020 as the network runs at full capacity. He noted how in the last few weeks, it has been between 2000 and 5000 ETH per day, which, if expanded to a year, goes between 700,000 to 1,700,000 ETH a year, “which is higher than issuance with proof of stake.”

Interestingly, 31% of all ETH gas fees come from MLMs, while USDT accounts for 96% of stablecoin gas payments, reported Binance research. Much of this can also be attributed to DeFi, and Uniswap protocol accounts for 47% of DEX gas payments.

Additionally, the massive rally in DeFi tokens over the last few months also enticed the new capital flowing into crypto, which is now rotating back into liquid large caps such as BTC and ETH. This means the small and mid-caps will suffer until Bitcoin and Ethereum run their course.

The primary reason behind Defi’s popularity is yield farming, which is lending cryptocurrency to get interest and sometimes fees, which rises significantly in response to price increases.

A record $4.1 billion total value is currently locked in DeFi, which was $3 billion just two weeks ago and $2 billion two weeks before that; its market cap also hit $8 billion last week.

Thanks to these drivers, Ethereum has hit a market cap of over $43 billion, the highest level in the past two years.

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Author: AnTy

Bittrex Exchange Won’t be Returning the ‘Stolen’ $5M in Funds From Steem Owners

Yesterday, the Steem blockchain went through the controversial hard fork 0.23 that seized the tokens of former Steem “witnesses” — blockchain validators that created another blockchain called HIVE.

The hard fork – codenamed “New Steem” – seized 23.6 million STEEM tokens from 64 witnesses.

A letter was also sent on Tuesday by a legal firm representing the affected members, urging cryptocurrency exchanges not to support the hard fork.

But Bittrex would be doing no such thing because the exchange co-founder Richie Lai said, “my own personal feelings do not matter.”

Yesterday, when $5 million worth of tokens were meant to be seized, they were moved to the main wallet of the Bittrex exchange in an attempt to move them to their original owners.

But it was for nothing.

In an official announcement, the exchange said they wouldn’t be returning the funds.

“The fact is, we only interpret the data on the blockchain, and in this case, the consensus of the blockchain – regardless of how it was reached – agreed that the funds from those 64 accounts be moved to the ‘community321′ account.”

Bittrex’s stance is clear, the witnesses are in control of the blockchain, and they get to decide what happens with these tokens. And now, unless Bittrex changes its decision, those Steem owners won’t be getting their funds back.

Back in December 2019, Tron founder and CEO Justin Sun bought the Steemit blogging platform. In February, this year, he made a hostile takeover of the platform which led the Steem community to build its own blockchain, Hive.

At that time he worked with Huobi, Binance, and Poloniex, which he acquired in November, last year. The crypto exchanges have a lot of power given that they used the voting power gained through customer’s funds. However, Binance and Huobi later withdrew their support and Sun has been since battling with the community.

About the latest hard fork, Sun denied his or Steemit Inc.’s involvement but said: “the hive witnesses did this to them first and took all their assets.”

He is also working with law enforcement to fight against the Hive witnesses.

“As for Steemit Inc., many millions of dollars were stolen by Hive witnesses. We are working w/ law enforcement & will take actions to get our funds back! We have lots of sympathy for all Steem witnesses who have suffered the same at the hands of the Hive witnesses,” wrote Sun.

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Author: AnTy