Bitcoin crashes below $53K wiping out $600M in leveraged longs
A sudden crypto market nosedive has seen over $600 million in leveraged long positions wiped out, as Bitcoin, Ether and otther cryptocurrencies tumbled sharply.
Related Posts
Chinese residents make 20K transactions in digital yuan trial event
The numbers come following the Suzhou municipal government giving away roughly $3 million in a digital yuan lottery for residents. 280 Total views 3 Total shares People in China have conducted roughly 20,000 transactions through e-commerce company JD.com in a trial of the country’s digital yuan.According to local media outlet Global Times, JD.com reported that…
Crypto in the House: Execs on the march, US partisan politics and Web3
On Dec. 8, top executives from six major crypto companies faced the United States House of Representatives’ Financial Services Committee during a special hearing on digital assets. While the tone of the conversation was largely proclaimatory, the industry reacted with an optimistic buzz — it seems that crypto is bound to become a hot topic…
Liechtenstein-Based Startup to Issue Tokens Pegged to Value of Collectible Cars
Investment platform CurioInvest and Seychelles-based digital asset exchange MERJ Exchange Ltd. will jointly begin offering a token backed by collector luxury cars.The so-called Car Token (CT1) token is set to be pegged to the value of collectible cars giving more people a chance to have a fraction of an asset, BNN Bloomberg reported on Jan.…
Huobi Indonesia Launches Trading Between Indonesian Rupiah and Tether
Cryptocurrency exchange Huobi is launching a fiat gateway in Indonesia to enable fiat-to-crypto trading between the Indonesian Rupiah (IDR) and Tether (USDT).In a Dec. 27 press release, the Huobi Group announced that the launch of the new fiat-currency gateway will make it possible for Indonesian investors to utilize the IDR to trade more than 250…
Bitcoin traders hope to ‘buy the dip’ as BTC price heads toward $30K
BTC price action teases a slow comedown to support, with Bitcoin dip-buyers at the ready. 575 Total views 1 Total shares Bitcoin (BTC) headed lower into the July 5 Wall Street open as a risk-off mood entered United States equities.BTC/USD 1-day chart. Source: TradingViewBTC price begins hitting dip-buying targetsData from Cointelegraph Markets Pro and TradingView…
Nigeria’s SEC suspends planned crypto regulations amid central bank ban
Nigeria’s securities regulator has backed the central bank’s crypto ban by suspending its planned regulatory framework for digital assets. 4025 Total views 17 Total shares The Nigerian Securities and Exchange Commission has put its plans for regulating cryptocurrencies on hold following the recent ban by the central bank prohibiting financial institutions from servicing crypto exchanges.In…
Supreme Court of India Puts 4-Week Deadline on Release of Crypto Regulation by Government
The Supreme Court of India has reportedly granted four weeks to Indian authorities to come up with cryptocurrency regulation policies, local news outlet Inc42 reports on Feb. 25.If the Indian government does not provide a crypto regulatory framework in four weeks, the Supreme Court is set to release their own judgement, the article states.At the…
Arta TechFin, Chainlink expand partnership to tokenize real-world assets
Arta TechFin, a Hong Kong-based asset manager, and Chainlink are exploring solutions to tokenize real-world assets like real estate.