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π Liquidations, Liquidations, Liquidations π±
π Liquidations, Liquidations, Liquidations π±
How are you holding up, Geckos?
Over the weekend, the price of Bitcoin (BTC) crashed to $51.3k and led to one of the biggest liquidation events in crypto history.
According to the Block, roughly 864,000 futures liquidations occurred with 70% of these liquidations occurring on Binance.
In total, $8.46 billion in long liquidations occurred on April 17 alone.
However, at the time of writing, BTC has since bounced back to $57k.
(Editor's note: We cannot reiterate enough that dabbling with futures/leverage is a high-risk endeavor and should only be undertaken with proper risk management!)
In today's news, South Korea is stepping up their enforcement game, Mark Cuban invests in CryptoSlam, and China changes its tone on crypto assets.
Read on! | | |
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| | South Korea is Cracking Down on Illegal Crypto Transactions
South Korea's financial authorities are teaming up to combat illegal operations involving cryptocurrencies.
In light of the crypto boom, the government is growing increasingly concerned over speculative investments and potentially illegal activities.
Stronger regulations are to be imposed where local financial institutions are expected to improve their monitoring systems for cryptocurrency withdrawals.
Cointelegraph | | Mark Cuban Doubles Down on NFT Hype
CryptoSlam, an NFT data aggregator, has managed to raise an undisclosed amount of capital from Mark Cuban's venture company, Radical Investments.
The Shark Tank celebrity judge has stated that CryptoSlam is "the industry leader in tracking transactions for NFTs," and that its dominance "is only growing"
This is not Cuban's first time in the NFT world as he also invested in SuperRare (NFT marketplace) and Nifty's (upcoming NFT social media platform).
Decrypt | | China Concedes that Crypto Assets are Financial Assets
After banning Initial Coin Offerings (ICOs) and shutting down cryptocurrency exchanges several years ago, China's crypto stance has changed for the better.
According to the People's Bank of China (PBOC), Bitcoin and stablecoin as crypto assets should be seen as investment alternatives
Pundits highlight that PBOC's latest statements are "progressive" and are part of a growing movement where crypto assets are seen as viable asset classes that need to be regulated.
CNBC |
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Today we are launching our "NFT Spotlight" - a collaborative effort between us at CoinGecko and artists to democratize art appreciation.
We are excited to kick off the first artist collaboration with Sven Eberwein! Sven has crafted three unique artworks that depict the studies of a gecko.
Tomorrow's your chance to collect our unique #COINGECKONFTSPOTLIGHT artworks.
Check it out! | | | Miners
Contributors to a blockchain taking part in the process of mining. They can be professional miners or organizations with large-scale operations or hobbyists who set up mining rigs at home or in the office. Learn about other Crypto terms here | | | |
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| | | Follow us on social media & share our newsletter and be rewarded with some CoinGecko goodies! |
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