How massive liquidations caused Bitcoin to plummet 16% in 24 hours

Bitcoin (BTC) price fell by a whopping 16% to $16,334 on Nov. 26 since achieving its peak at $19,484 the previous day. Data suggests that cascading liquidations were the driving force of the massive correction. Prior to the pullback, the open interest of the Bitcoin futures market hit a new record high. The derivatives market was also overheated with buyers, causing the market to sway to one side. BTC futures volumes. Source: Cointelegraph Markets, Digital Assets Data The combination of two factors triggered a rapid BTC price drop alongside a…

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Marketing boss banned after thousands of nuisance calls

Marketing company director who made over 75,500 unsolicited marketing calls banned by the Insolvency Service for six years. Elia Bols (32) now living in Australia, was director of AMS Marketing Limited, a telephone marketing company incorporated in January 2016. The Telephone Preference Service (TPS), however, received 71 complaints between October 2016 and October 2017 about AMS Marketing’s unsolicited calls. A further 32 complaints were received by the Information Commissioners Office (ICO), who informed Elia Bols that a fine of £100,000 would be issued. In April 2019, AMS Marketing was wound-up…

Facebook’s Libra Networks Appoints Saumya Bhavsar as General Counsel

James Emmett, Libra Networks Managing Director, is convinced that the expertise of Saumya Bhavsar will be crucial in launching and managing the permissioned blockchain-based payment system. Libra Networks, a subsidiary of the Libra Association has announced the appointment of legal expert Saumya Bhavsar as General Counsel of Libra Networks. The independent member association is responsible for governing the Libra network and development of the Facebook‘s Libra project. It is overseen by an Association Council, made up of one representative from each Association Member. The Libra Network is a payment system…

Bitcoin and Ether Market Update November 26, 2020

Total crypto market cap erased $8 billion of its value for the period since Monday morning and now stands at $530.4 billion. The top ten coins are all in red for the last 24 hours with Chainlink (LINK) and Bitcoin Cash (BCH) being the worst performers with 16.6 and 14.8 percent of losses respectively At the time of writing bitcoin (BTC) is trading at $17,929 on the Bitstamp daily chart, ether (ETH) fell to $530. Ripple’s XRP is hovering around $0.56. BTC/USD Bitcoin closed the trading day on Sunday, November…

Ripple XRP’s Skyrocketing Price Performance Is Attributed to One Key Factor, Says Blockchain Analytics

Ripple’s XRP token has been all the rage lately, making headlines left and right due to its relentless surge in the past week. Currently, its price has pulled back slightly, but the bull run and the talks revolving around XRP have benefited Ripple overall. At the time of writing, Ripple’s XRP price has pulled back, down 30% on CoinMarketCap in the last 24 hours. However, blockchain analytics provider Santiment has asserted that XRP has excelled in one key area. Social discussions revolving around Ripple has escalated, especially lately. The Ripple…

OKEx Sees Biggest Bitcoin Outflow for 6 Months Soon After Resuming Withdrawals

Cryptocurrency exchange OKEx recorded a major bitcoin outflow just minutes after it lifted a five-week-long withdrawal suspension at 08:00 UTC Thursday. About 2,822 bitcoins were moved from OKEx in block number 658,728 mined at 08:12 UTC. That’s the biggest single-block outflow since May 2019, according to blockchain analytics firm CryptoQuant. Of the 2,822 coins withdrawn, 456 were transferred to cryptocurrency exchange Binance and more than 400 were moved to other exchanges. Meanwhile, 54 accounts or addresses took direct custody of some coins. OKEx halted withdrawals indefinitely on Oct. 16 after…

OKEx users move crypto off exchange as withdrawals resume

 After a five-week-long suspension of all user withdrawals, cryptocurrency exchange OKEx  resumed normal services at 8:00 am UTC on Nov. 26. Having announced the re-opening last week, OKEx then indicated it would be launching a compensation and rewards program to express its gratitude to customers for holding out during the disruption.  These programs include commission rebate cards denominated in Tether (USDT), a one-time compensation payment based on users’ asset and transaction histories, and a doubling of the asset weight calculation for holders of the exchange’s native token, OKB. Despite these efforts, today’s data shows…

TSLA Stock Up 3%, Tesla Upcoming Entry to S&P 500 Fuels Major Investor Rush

Ever since Tesla announced its entry to the S&P 500, there’s a flood of investors picking up TSLA stock. Tesla remains the most-traded stock on Wall Street with daily trading volumes clocking $26 billion over the last five trading sessions. Sayings just that “It’s been a phenomenal 2020 for Tesla” would be an understatement. The American electric car maker is making new records every passing day. Tesla (TSLA) upcoming entry to the S&P 500 index next month has fueled a mad investor rush. On Wednesday, November 25, Tesla Inc (NASDAQ:…

📈 ¿Por qué INVERTIR EN CRIPTOMONEDAS? ¿BITCOIN o ETHEREUM?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io REGÍSTRATE EN CRIPTAN AQUÍ — ¿Por qué el Bitcoin, Ethereum, y otras criptomonedas están en pleno auge? ¿Qué es lo que hace que estas criptos sean tan interesantes y su precio tan alto? Mi correo: ruxyz03@gmail.com Mi Instagram: www.instagram.com/ruxyzofficial ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version