Over $1B wiped out in crypto liquidations as global markets suffer

Bitcoin (BTC) briefly hit $10,000 on Feb. 8, capping a momentous first month of 2020 to reach its highest level since October last year.BTC seals $10K after three monthsCrypto market weekly price chart. Source: Coin360Data from Coinbase exchange and Cointelegraph Markets showed that BTC/USD moved to $10,000 on a high volume spike but the digital…

Dynamic Set Dollar (DSD) coupon holders with $83 million have bought out the largest bear on the project. 1581 Total views 6 Total shares A coalition of DSD whales has bought out the biggest bear entity on the project allegedly responsible for consistently keeping the token price below the $1 peg.Posting on the DSD discord…

BitTorrent users can now purchase BitTorrent and µTorrent Classic Pro with BUSD and Binance’s native token BNB. BitTorrent, a major file sharing service operating under Tron (TRX) developer, has added Binance’s USD stablecoin, BUSD, as payment option.As officially announced on July 9, BitTorrent users are now able to buy BitTorrent and µTorrent Classic Pro with…

“It's a bit weird one of the biggest exchanges in the world isn't letting us withdraw money for so long,” said one crypto Twitter user. 1371 Total views 11 Total shares Major exchange OKEx suspended crypto withdrawals on Oct. 16. With little information coming from the firm or its CEO Jay Hao in the time…

The recent vow by United States Senate leader Chuck Schumer to end federal prohibition of cannabis could have knock-on effects for Bitcoin (BTC) and the wider cryptocurrency industry.Schumer and fellow Democratic senators Ron Wyden and Cory Booker released a joint statement on Feb. 1, declaring their intention to comprehensively reform federal cannabis legislation. The statement…

Japan’s crypto community has found a way for those seeking to avoid crowded places to still participate in meetups across the country. According to sources available to Cointelegraph, Bitcoin Cash (BCH) meetup groups in Osaka and Tokyo will be allowing members to virtually chime in at regularly scheduled events.Though Japan has less than 1000 reported cases…

These are perilous times, and it hasn’t escaped anyone’s notice that the United States Federal Reserve is doing its part to alleviate the suffering — which began with the coronavirus pandemic and has spread to the global economy. It’s printing more money. “There is an infinite amount of cash at the Federal Reserve,” Neel Kashkari, the…

Global ticketing giant Ticketmaster has acquired blockchain-focused live events firm Upgraded, according to an Oct. 18 press release.Ticketmaster, a division of the world’s largest live-entertainment business Live Nation, plans to use blockchain technology through the partnership as a way to provide more transparency and better control ticket distribution.Additionally, the company hopes it will protect clients…