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BitTorrent (BTT) Getting Listed on Binance. Here’s Why Not Everyone Is Happy About It

  • Alex Morris
    📰 News

    Binance lists four trading pairs with BTT after distributing the tokens to all successful Binance Launchpad participants


BitTorrent (BTT) Getting Listed on Binance. Here’s Why Not Everyone Is Happy About It
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Contents

Binance, the number one exchange by trading volume, has just made an announcement about listing BitTorrent (BTT). The Binance community doesn’t seem to be delighted.  

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Three brand-new trading pairs

According to the blog post announcement, the exchange will debut three new trading pairs that feature the BTT token – BTT/BTC, BTT/USDT, and BTT/BNB. The trading will begin on Jan. 31 at 10:00 AM (UTC). The tokens have been sold on Binance’s own token launch platform called ‘Binance Launchpad’. In order to check whether the tokens have been delivered to their accounts, users have to check their distribution history (User Center > Distribution History).  

Earlier, former BitTorrent exec Simon Morris took a jab at Tron, claiming that the network doesn’t have enough capacity to process such a huge transaction volume. In response, Justin Sun claimed that they would combine on-chain/off-chain exchanges for handling all transactions. In other news, Binance users recently shredded a shady BTT sell-off (28 percent of all tokens were allegedly sold before the whole thing even started).


A lukewarm reaction

While Tron CEO Justin Sun was quick to thank Binance for the support and wish its community happy trading, other Binance users were not that delighted with the new listing. There are Twitter users who claim that BitTorrent is not legit, and it could be BitConnect all over again. U.Today reminds readers that BitConnect turned out to be the biggest crypto scam of all time, which makes this comparison quite alarming.

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Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


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It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

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Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

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Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

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