Crypto market experienced a $27 billion drop in valuation overnight, experts explain factors and trends. On November 15, within a 24-hour span, the valuation of the crypto market fell from $210 billion to $183 billion, by more than $27 billion on a single day. Source: CoinMarketCap.com Fueled by the 18 percent drop in the price […]
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Crypto loans company Salt, once associated with Erik Voorhees, is facing an SEC probe over its 2017 $50 million token sale and whether Voorhees’ involvement broke the law. Crypto loans company Salt Lending Holdings Inc., once associated with high-profile crypto industry stalwart Erik Voorhees, is facing a U.S. Securities and Exchange Commission (SEC) probe over […]
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Chinese crypto mining manufacturer Canaan has let the application for its $400 million IPO on the Hong Kong stock exchange lapse. Cryptocurrency mining equipment producer Canaan’s Initial Public Offering (IPO) application has lapsed, Reuters reported Nov. 15. The offering was set to take place on the Hong Kong Stock Exchange (HKEX). Founded in 2013 in […]
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Major cryptocurrencies continue to see losses after yesterday’s drop in markets, XRP has overtaken Ethereum as the number two coin by market capitalization. Thursday, Nov. 15: yesterday’s fall in crypto markets continues today, with Bitcoin (BTC) dipping below the $5,400 mark, and total market capitalization dropping as low as $174 billion, according to data from […]
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Executive Board member of the European Central Bank, Benoit Coeure, considers Bitcoin to be the “evil spawn of the [2008] financial crisis.” Executive Board member of the European Central Bank (ECB) Benoit Coeure considers Bitcoin (BTC) to be the “evil spawn of the [2008] financial crisis,” Bloomberg reports Nov. 15. Coeure reportedly made his acid […]
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Bitcoin’s slump will take “weeks, if not months” to repair the damage and to build sustainable support for multi-month rally, analyst reports. lt will take “weeks, if not months” to repair the “technical damage” caused by the recent collapse of Bitcoin (BTC), according to a Fundstrat Global Advisors analyst, Bloomberg reports today, Nov. 15. In […]
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Crypto exchange operator OKCoin launches services in Argentina, trading national fiat peso in pairs with several major cryptocurrencies. OKCoin, the parent company for world’s largest cryptocurrency exchange OKEx, has launched fiat-crypto trading services in Argentina, the company revealed in a tweet Thursday, Nov. 15. According to the company’s blog post about the move, customers can […]
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EOS’ governance model has been questioned again. Recently, Blockchain protocol EOS became subject of a new scandal: its governance model was questioned, as evidence showing a moderator reversing transactions which had already been confirmed surfaced on Reddit. Crypto community was triggered once again, but perhaps it is time to face it: EOS is not really […]
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Binance has opened deposits for stablecoin USDC, with full trading functionality beginning on Nov. 17. Major cryptocurrency exchange Binance announced it would list Circle’s USD-pegged stablecoin USD Coin (USDC) in a blog post Nov. 15, with deposits opening immediately. USDC, which the financial services company announced in May this year and released in September, is […]
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‘Weird and strange’ trading around hard forks means the current volatility in crypto markets is nothing unusual, says CoinShares CSO. Institutions “taking money off the table” was a major factor contributing to Bitcoin’s (BTC) and altcoins’ sudden price drop, the CSO of CoinShares told CNBC Nov. 14. Speaking on the network’s Fast Money Segment, the […]
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