Bitcoin News Official TheBitTimes.com

The crypto exchange says more potential issues, such as an opaque token economy and an unclear vesting schedule, have also been discovered. Cryptocurrency exchange Bitget has decided to delist Floki’s sister token, TokenFi (TOKEN), and launch a buyback plan after the company discovered market manipulation issues related to the project. In a press release on Oct. 31, the exchange said the TokenFi team was suspected of market manipulation by “maliciously controlling the initial liquidity.” Bitget also addressed issues related to the project’s liquidity on decentralized exchanges, saying less than $2,000 in tokens have been added to the liquidity pool. “In addition, during a further investigation of the project, more potential issues such as an opaque token economy and an unclear vesting schedule have been discovered.” Bitget You might also like: Floki up 13% as devs launch RWA platform As a result, Bitget suspended deposits and trad...

Bitcoin (BTC) began the new year on a positive note. The original crypto rallied past the $20k mark while other currencies followed suit. This resulted in one of the best year openings for the industry in years. Ethereum (ETH) crossed the $1500 mark, while Solana (SOL), which went down 95% at the end of 2022, has rallied by over 100% in two weeks. However, not everyone is convinced that the current rally is genuine. Many have voiced concerns about possible market manipulation . Why do some suspect market manipulation for Bitcoin? Firstly, people have pointed out that BTC spot balances on CEXs (centralized exchanges) are flat. This means that very little new money is flowing into the market. Now, one of the reasons for the consolidation of CEX balances might also be the rising distrust in centralized exchanges. Notably after the entire FTX fiasco, a rise in interest was witnessed with self-custody, which led to the increasing demand for Bitcoin wallets. Source: Glassnode Se...