11-JAN-2021

2 weeks ago

$2.4 Billion Worth of Bitcoin, Ethereum, XRP, and Other Coins Liquidated in One Day – via U.TODAY
$1.4 billion worth of Bitcoin has been liquidated in one day, with the top cryptocurrency collapsing to $33K. Over $2.4 billion worth of Bitcoin, Ethereum, XRP, and other coins has been liquidated on derivatives exchanges, according to data provided by Bybt.

2 weeks ago

HSBC bans Bitcoiners – via Cryptopolitan
HSBC, one of the biggest banks in the United Kingdom, will not allow Bitcoin users to process transactions from crypto exchanges or digital wallets. This was made known by a report from The Times U.K. This means that crypto enthusiasts who might be looking to cash in on the gains of the industry’s bull run would have to seek alternatives as HSBC and other banks would not process these payments.

2 weeks ago

Bitcoin (BTC) Tanks Over 10% Below $36,000 Amid Huge Miner Selling Pressure – via CoinGape
Finally, after an unprecedented rally during the first complete week of 2021, the BTC price has entered correction tanking more than 10% and slipping below $36,000 levels. At press time, Bitcoin (BTC) is down 11.58% trading at $35,734. The recent Bitcoin (BTC) price correction comes after two days of price consolidation around $40,500 levels and amid a huge selling pressure coming from miners. As per the data from CryptoQuant, the Bitcoin Miner Position Index (MPI) reached its 17-month high at levels unseen from July 2019.

2 weeks ago

Washington Could See Another Invasion of Bitcoin Miners – via U.TODAY
Central Washington could once again become a magnet for Bitcoin miners, according to a report published by the Seattle Times. John Stoll, the director of customer service at Chelan County’s public utility district, says that his PUD is yet to see an outpouring of demand but they are certainly preparing for it. “We haven’t seen that, but definitely we are keeping our radar up.”

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