Bitcoin drops sharply by almost $ 1000 – As of Wednesday, the price of Bitcoin has dropped sharply by nearly $ 1000 according to Bitstamp. Cryptocurrency has dropped from nearly $ 10,300 to $ 9,356 in just 30 minutes.
The change in price has generated a wave of liquidations of nearly $ 800 million on various platforms.
According to data from bybt.com, in the last 24 hours, the largest Bitcoin settlement took place on Huobi with a value of $ 17.8 million. The top exchanges registered massive shares as a result of the steep decline of the BTC. Okex recorded liquidations of over $ 237 million. BitMEX for $ 171 million.
Other platforms with strong liquidation include Huobi with $ 199 million, Binance with $ 186 million and FTX with just over $ 1 million.
Overall, the market was taken by surprise, but the Bitcoin price managed to stay around $ 9,500.
Binance suspended work for six hours
Yesterday, the Binance platform suspended work for six hours for “unscheduled maintenance”. The announcement was made by CEO-ull Binance, Changpeng Zhao, who assured users that the funds are secure.
Josh Goodbody, London’s director of Binance, told CoinDesk there was a “problem with an engine that delivers data into the system.”
“It was a simple messaging error in the system that we wanted to fix right away,” Goodbody said. “The main effect was that the balances were updating very slowly.”
Currently, the activity on Binance has returned to normal.
Coinbase becomes a full member of VISA
Coinbase Exchange has announced that it has been approved as the main member of Visa, being the first crypto company to obtain this status. Membership will allow Coinbase to provide more features for Coinbase card users; from additional services to multi-market support.
In April 2019, Coinbase launched a VISA debit card in the UK, which allows customers to spend their cryptocurrencies on merchants who accept these cards. Currently, Coinbase Card is available to users in 29 markets who can spend 10 different cryptocurrencies.
Israel’s Attorney General: Banks have no right to refuse to serve crypto companies
Globes news agency reported a statement by the Israeli Attorney General, Dr. Abihai Mandelblit, in favor of the crypto industry. He said that Israeli banks cannot legally impose a general ban on all cryptocurrency transactions, given that not all transactions are money laundering cases.
He stated that
“Each case should be handled individually to check for any money laundering cases.”
The statement was made during the hearing of the dispute between Mercantile Discount Bank and the BIT2C exchange. The bank declined to process a payment to an account holder, claiming that the account was involved in trading Bitcoin.
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