Daily volatility (as calculated by BitMEX's BVOL24H index) surged to almost 10 in trading this weekend, which is a multi-week high. However, if we zoom out it starts to look not as impressive, as the move up is not nearly as high as the FOMO to $500 in early November:
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Bitcoin Futures Exchange BitMEX Incurs First DPE (Socialised Loss) In Settlement, Butthurt Ensues12/12/2015 Today at BitMEX settlement, right after a really viscious 20% dump within 1 hour on Bitcoin spot markets, they incurred their first Dynamic Profit Equalisation (DPE -- or socialised loss).
It's not surprising why this happened. BitMEX offers 100x leverage for their Daily contracts, and there was a fast $50 drop in its price, which meant that people who were long and did not have margin to cover their position got liquidated: New Evidence Shows Craig Wright is NOT Satoshi Nakamoto, but Likely a Hoaxer or Victim of Extortion12/10/2015
To start: the evidence presented from Wired and Gizmodo as we posted the other day, is really weak.
It has since been revealed that the PGP keys used are almost certainly a forgery, and it has been demonstrated that backdating of pages is trivial and can not be trusted as a reliable source of evidence. In addition, it's been revealed that MANY "journalism" news outlets received the hacked/leaked/whatever tarball that was sent around exposing Craig Wright as Satoshi Nakamoto:
Fast forward to 14:15 to Chris' interview. It's a great 15 minutes where he talks about his art project to build bitcoin fullnodes, bitcoin in general, and the economy. See this link or watch below:
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