Arkham denies buggy Mt. Gox alerts to blame for 7% Bitcoin price crash By Cointelegraph
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The price of (BTC) nosedived roughly 7% in just one hour, falling from $29,850 to $27,789, which media outlets reported was due to blockchain analytics firm Arkham Intelligence incorrectly sending out an alert that wallets linked to Mt. Gox and the U.S. government had begun shifting large sums of Bitcoin.
Arkham initially tweeted to confirm the alleged mistake had occurred as a result of “bug fix” which sent out a false alert on their analytics platform to a “small subset of users.” The alert was subsequently tweeted by the popular crypto news alert account DB or Tier10k.
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The price of (BTC) nosedived roughly 7% in just one hour, falling from $29,850 to $27,789, which media outlets reported was due to blockchain analytics firm Arkham Intelligence incorrectly sending out an alert that wallets linked to Mt. Gox and the U.S. government had begun shifting large sums of Bitcoin.
Arkham initially tweeted to confirm the alleged mistake had occurred as a result of “bug fix” which sent out a false alert on their analytics platform to a “small subset of users.” The alert was subsequently tweeted by the popular crypto news alert account DB or Tier10k.
Continue Reading on Coin Telegraph
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