Over $200 million liquidated in crypto market as shorts takes the hit

Quick Take The digital asset market has just witnessed a significant financial reset as over $214 million was liquidated in just 24 hours, with $166 million pertaining to short positions. The major player in this shakeout is none other than Bitcoin, shouldering the brunt with $84 million.

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Ripple Moves $55 Million Worth of XRP Amid Market Downtrend

Ripple Labs transferred over 90 million XRP tokens, worth around $55.24 million, amid a market downtrend. The purpose of the large transactions is unclear. The post Ripple Moves $55 Million Worth of XRP Amid Market Downtrend appeared first on BeInCrypto.

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Moola Market hacker returns $7.8 million of stolen funds

A hacker has returned 93. 1% of the funds stolen after an $8. 4 million exploit on Celo-based lending protocol Moola Market on Tuesday. The attack led to the draining of 8. 8 million CELO tokens, 1.

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Renters Threaten US Real Estate Market, 20 Million Americans Face Eviction

The aftermath of the coronavirus-provoked business shutdowns in the United States caused a number of market observers to focus on the U.S. real estate and rental markets. As the federal moratorium on evictions reaches its expiry, a recent Aspen Institute report reveals that 20 million renters or around 20% of 110 million American citizens who […] The post Renters Threaten US Real Estate Market, 20 Million Americans Face Eviction appeared first on Bitcoin News.

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After Tether, USDC dominates stablecoins with a $452 million market cap

USDC, a stablecoin developed by the Circle, is the second-largest USD-backed stablecoin on the market according to data from Skew. Launched in 2018, USDC currently has a market capitalization of over $452 million and is followed by PAX with $191 million and TUSD with a $140 million market cap.

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A Whale Just Sold $10 Million Worth of Bitcoin and the Market Isn’t Dumping

An unknown investor sold more than $10 million worth of bitcoin at the price of $7. 125 on BitMEX, the biggest cryptocurrency margin trading platform. Yet, the bitcoin price is currently holding firm at $7,135.

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Ethereum worth $105 million moved from PlusToken's wallet

Bitcoin was on a downward spiral before the December 18-19 pump provided it a boost in the market. After entering the holiday month, BTC had lost a little over 13% of its value and was trading close tThe post Ethereum worth $105 million moved from PlusToken's wallet appeared first on AMBCrypto.

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Maker Foundation Announces $27.5 Million MKR Sale, Expands DeFi to Asian Market

Maker Foundation Sells $27.5 million MKR to Dragonfly Capital and Paradigm, driving DeFi adoption in Asia

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Bitfinex Bitcoin Whale Currently Underwater By Nearly $25 Million

Over the last couple of weeks, the talk across the cryptocurrency market has been focused on a lone Bitcoin whale on the crypto trading platform Bitfinex, who has been amassing a substantial long position in the crypto asset.

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Open Interest in Bakkt’s Bitcoin Futures Hits Record Highs of $7.02 Million

Coinspeaker Open Interest in Bakkt’s Bitcoin Futures Hits Record Highs of $7. 02 MillionThe new Bakkt open interest record shows strong trading activity on the platform and greater liquidity within the Bitcoin futures market in general.

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60 Million People in the U.S. Are Freelancing: Is It the Future of Labour Market?

Coinspeaker 60 Million People in the U. S. Are Freelancing: Is It the Future of Labour Market?Upwork has revealed that some freelancers in the U. S. earn $90,000 per year or even more.

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Crypto Market Forecast: 16th December

The crypto markets continued to grind downwards last week. Market benchmark BTC slid towards the $7000 price level to close the week 6% down. Meanwhile, prime brokerage firm Tagomi announced reduced fees for institutional crypto traders, and Russia's biggest darknet marketplace announced a $146 million ICO.

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Ethereum Foundation Sold $100 Million ETH at Peak Price

At the peak of the market during the massive bull run of 2017, the Ethereum Foundation liquidated 70,000 ETH. Ethereum co-founder Vitalik Buterin convinced the foundation to sell at that time. The price of ETH peaked at $1,400 during January of 2018, which would have netted approximately $100 million from the sale.

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Global Debt to be Worth $12 Million per Bitcoin by Year End

Bitcoin has achieved market capitalization close to some of the biggest corporations, ranging between $100 and $300 billion. But taken in proportion to the size of the world’s financial system, BTC may have a different valuation.

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Russia’s Hydra Darknet Marketplace Plans $146M Token Sale

According to regional reports, the Russian darknet market Hydra is planning an initial coin offering (ICO) in order to expand the marketplace internationally. The sale is set to start on December 16 and Hydra administrators hope to raise $146 million from the token sale.

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SLP Token Market Cap Surpasses $50 Million

For over a year now, the Simple Ledger Protocol (SLP) token universe has grown quite vast. There are now more than 6,000 SLP tokens in existence and a number of SLP tokens have seen price discovery.

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U.S. Prosecutors Take Down $722 Million Ponzi Scheme

In the world of cryptocurrency, scams and fraud have become commonplace as new, unwitting retail investors enter the market and with huge expectations and limited sense of how to wade around the space.

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Bitcoin and Gift Cards Are Powering a Million Dollar Remittance Market in Africa

How Nigeria’s $32.5 Million Plan B Is Taking Shape

The post Bitcoin and Gift Cards Are Powering a Million Dollar Remittance Market in Africa appeared first on Bitcoin Magazine.

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Who’s The ‘Villain’ Behind MATIC’s 72% Crash?

“There's a sh*tcoin apocalypse ongoing at the moment,” economist and trader Alex Kruger responded with when today, in a sudden move, Matic cryptocurrency lost more than 72% of its value. The 80th largest cryptocurrency with a market cap of $53 million, Matic Network (MATIC) has been approaching it's all-time high (ATH) yesterday formally made on […]

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3 Hot Altcoins Lead The Market While Bitcoin Is Prepping For Block Reward Halving

It’s been more than a week that Bitcoin has been stuck around $7,500 and isn't making any moves. Volume on spot exchanges is extremely low, fluctuating between $100 to $150 million while Bitcoin futures continue to attract investor attention.

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Bitcoin Bottom Close, Bulls Signal a “Strong” Reversal

Bitcoin is not seeing much action and is stuck around $7,500 for over a week now. However, the volume has taken a severe drop, falling to a mere $120 million. Such low volumes make it easier for a large amount of transactions to move the prices and the market.

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Crypto Exchange Gemini Burns 20% of its Stablecoin GUSD’s Supply

Cameron and Tyler Winklevoss-founded cryptocurrency exchange Gemini has burned more than a million of its stablecoin Gemini Dollar (GUSD)’s total market supply on Dec. 4. Whale Alert, the tracker of large crypto-related transactions to and from exchanges reported 1,035,020 units of GUSD worth $1,024,618 USD has been burned by the exchange in one go. This […]

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Crypto Market forecast: 2nd December

The crypto markets were steady this week following large sell-offs earlier in November. The price of market benchmark, Bitcoin, rose by 4%. The week's major news story was the hack of popular South Korean exchange UPbit where ~US$50 million of ETH was stolen.

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Analysts see Another 40%-80% Drop in Bitcoin Price But say It’s Good for Market

Since falling to $6,500 on Nov. 25, Bitcoin has jumped to above $7,800, in a Thanksgiving day after pump. Currently, BTC/USD is trading around $7,700, as per Coincodex while managing the daily trading volume of about $330 million.

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Bitcoin Bull Case Builds as Price Holds $7,500 Range; What’s Next?

On Wednesday morning, it seemed as though things were about to go south for the Bitcoin market yet again. For those who missed the memo, notable Korean cryptocurrency exchange Upbit revealed that it had been hacked for $50 million worth of Ethereum (ETH), sparking an immediate 2% sell-off that some described as a “black swan”.

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Once Bitcoin Halves, COO of Bitcoin IRA Aims to Reach $1 Billion in Investments

Bitcoin IRA established itself as the first company that makes it possible for consumers to pad their retirement accounts with Bitcoin. Considering the activity in the market today, a recent interview reveals that the COO hopes to have over $1 billion in investments after the halvening.

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Storeum Pumps $300 Million Market Cap With Just $40K Volume

Storeum, a relatively unknown cryptocurrency, has surged more than 350% in the last 24 hours, pushing its market cap above $300 million. However, the pump happened with a volume of just $40,000. Storeum is a blockchain project on Ethereum that claims to be the world’s first decentralized, peer-to-peer marketplace.

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Blockchain Explorer Hawks See $30 Million USDT Move from Tether Treasury to Bitfinex Exchange

USDT valued at $30 million has been transferred from the Tether Treasury to the Bitfinex trading floor. This is what has been described as an apparent tactic to float the price of Bitcoin on the market.

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PlanB: a million is inevitable. But in 2025

A PlanB analyst, who predicted several important Bitcoin market movements, made a new statement. PlanB is confident that Bitcoin will return to $ 10K before the end of this year. PlanB was the first to apply the stock-to-flow model to the crypto market, that is, the ratio of accumulated asset to those produced over the […]

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Bakkt’s Bitcoin Futures Shatters Records Amid Spot Market Turmoil

Bakkt’s bitcoin core (BTC) futures product saw another all-time high as the spot market price of BTC plummeted under $7,000 on Friday morning, Nov. 22. Bakkt saw 2,728 contracts traded ($20 million) and $1.

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Bakkt Bitcoin Futures Set Record Volume Amid Market Downturn

The Bakkt Volume Bot (@BakktBot) reported that the exchange has today seen a record high for volume, so far moving $13. 4 million worth of contracts. This is happening as the Bitcoin market slips to recent lows, currently holding just above $7,000.

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USDT frozen on Bitcoin, Ethereum totals >$41 million: Report

Following Bitcoin's rise after a rather unimpressive cryptocurrency market phase, many reports suggested that there was a strong demand to acquire stablecoins which are pegged to the US Dollar. While The post USDT frozen on Bitcoin, Ethereum totals >$41 million: Report appeared first on AMBCrypto.

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Three Million USDC Freshly Minted Likely Another Whale Looking to Buy the Bitcoin Dip

Just hours after Bitcoin’s price took a tumble into the mid-$7,000 range, Whale Alert detected that three million new USDC had been minted by the Treasury. This was done most likely by a whale in order to purchase other cryptocurrency assets in a slumping market — a common practice by big spenders.

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How to buy and store Ethereum (ETH)?

Almost all activities, on the Ethereum network, are powered by its native crypto token Ether or ETH. ETH boasts of a $20 billion market cap and a circulating supply of ~108 million coins. This makes it the second-largest cryptocurrency by market cap.

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Report: $400 Million Worth of XRP Is Involved In Illicit Activities, That’s 30% Of Ripple Market Cap

Around $400 million worth of XRP tokens may be involved in illegal transactions. XRP is the Ripple payment network’s cryptocurrency. The findings were released by the London’s Elliptic on Wednesday.

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Over 3.7 Million Ethereum ERC-721 Transferred in a Single Day

This week, the prices fall even harder when Bitcoin dropped below $8,000. The second largest cryptocurrency Ethereum followed BTC just like the rest of the market and now trading under $175. In line with the price, the fees have taken a fall as well.

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Kava Labs (KAVA) Announces Token Buyback Program 

Kava Labs (KAVA) a distributed ledger technology (DLT) project that claims to be focused on accelerating the growth of decentralized finance (DeFi), is set to organize a token buyback program that would remove $1.

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Einstein Exchange Closes, Funds Disappear Into Thin Air

The Canadian Einstein exchange, which was put into receivership a few weeks ago, is now closed completely. What is more, there is no evidence of the funds held on the exchange, reportedly around CAD $16 million.

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Binance Launchpad's KAVA tokens worth $1.5M to be bought back by Kava Labs

Kava Labs has announced a buyback program of its recently launched KAVA tokens on Binance Launchpad. Tokens worth $1. 5 million will be bought back from the retail market by Kava Labs and the proceeds The post Binance Launchpad's KAVA tokens worth $1.

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Greater Southeast Asia Is Becoming a Gaming and Esports Steamroller

Greater Southeast Asia is projecting a huge amount of growth in the esports market. The number of PC gamers alone is expected to rise from 154. 3 million to 186. 8 million over the next five years.

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The ultimate bull case for Bitcoin: what could push it beyond a trillion-dollar market cap?

As said by industry executives like Xapo CEO Wences Casares, many investors in the crypto sector believe that Bitcoin will either hit zero or surpass a trillion-dollar market cap in the long term.

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Seattle’s Housing Market: Billionaires Winning, Others Not So Much

Seattle’s housing market is up 50% over the past five years. Wealthy residents include Jeff Bezos and Bill Gates. The latter has a $131 million mansion. Despite the boom, affordable housing is scarce and local communities are struggling.

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Royal Bank of Canada Patents Point to Crypto Exchange Launch

The largest bank in Canada by market capitalization, Royal Bank of Canada (RBC), is reportedly opening a cryptocurrency exchange. Patents have been discovered that reveal some of the technology the RBC may implement, which could be used to bring digital currency trading to the bank’s 16 million clients.

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Fed Pumps-In Over 12.7 Million Bitcoin Equivalent of Funds to Keep the Financial Market Liquid

The New York Fed added $104. 293 billion in a single day to financial markets on Thursday. The Federal Reserve had to loan banks the equivalent of 12,700,000 bitcoin last night to stabilize the financial system.

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3 Extremely Bullish Analyst Predictions for Bitcoin

Bobby Lee: The Flippening   Tim Draper’s Lightning Connection Tom Lee Shows His FAANGs The sentiment within the crypto ecosystem has taken a downward turn along with the overall market cap of late.

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Crypto-market's liquidity only $500 million for $240 billion market capitalization

CoinMarketCap's liquidity metric went live on 12 November and the new feature has since managed to ruffle the feathers of quite a few top crypto-exchanges. The platform released its new index with The post Crypto-market's liquidity only $500 million for $240 billion market capitalization appeared first on AMBCrypto.

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End of the Story: opinion. It’s a bomb!

While traders and analysts are practicing in forecasts about bitcoin for a million dollars, there is a quiet shutdown on the market – a trader with years of experience in cryptocurrencies believes.

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Canaan’s American IPO Is a $100 Million Bet on a Bitcoin Bull Market

Mining giant Canaan Creative is set to launch its IPO later this month. The Avalon miner maker proceeds with its IPO despite massive devaluations. The company appears to be betting on a strong bull market, which would dramatically increase demand for mining equipment.

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Bitcoin Shorts Continue to Dissipate as Crypto Correction Continues

On November 11, the Bakkt Bitcoin futures market almost reached an all-time high in volume, closing the day at $13. 8 million. This was slightly lower than the actual all-time high of $15. 5 million, reached on November 8.

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