Bitcoin crashes below $53K wiping out $600M in leveraged longs

The price of Hive (HIVE), a hard-fork of Steem (STEEM), has skyrocketed following its listing on Huobi.The listing comes one month after Huobi and Binance mobilized customer funds to vote against the Steem community in favor of an apparent hostile takeover of the network, led by Tron founder and recent owner of Steemit, Justin Sun.However,…

Investors include Lemniscap, P2P capital and others. Unslashed Finance has sold $400 million in coverage since its private launch last month. 3430 Total views 9 Total shares Unslashed Finance, a decentralized insurance protocol built on Ethereum, has raised $2 million to fund its tokenized insurance product, highlighting another positive use case for blockchain technology. The funding…

Shibarium’s beta phase saw a total of 21 million wallets on the L2, driving the interest of users months before the launch. 2105 Total views 34 Total shares Shiba Inu launched the Shibarium mainnet, an Ethereum layer-2 scaling solution, on Aug. 16 after months of testing that saw millions of users participate and 21 million…

Crypto community members fear that Durov’s arrest may lead to stricter controls on decentralized technology.

Philip Coggan, a British business journalist and news correspondent who writes for The Economist, once mentioned, “Modern money is debt and debt is money.” Few would disagree with this claim. Yes, the vast majority of money circulating today — so-called broad money — represents a specific type of credit–debt relationship.This relationship is at the heart…

Surging BTC outflows from centralized exchanges suggest the Bitcoin markets could be in an accumulation. 174 Total views 5 Total shares The number of Bitcoin held on centralized exchanges has consistently fallen since late May, with roughly 2,000 BTC (worth roughly $66 million at current prices) flowing out of exchanges daily.Glassnode’s July 12 Week On-Chain…

Australian law enforcement arrested an unnamed 38-year-old Australian man for performing unregistered cryptocurrency transactions. The police department of Victoria announced on Nov. 12 that the man has been arrested at his address in the town of Cairnlea. The joint report from the Victoria Police and Australian Transaction Reports and Analysis Centre (AUSTRAC) reads: “Detectives from the E-Crime…