The cryptocurrency market woke up to a shock in early trading on Thursday morning. On the Binance US cryptocurrency exchange, the value of Bitcoin (BTC) plummeted nearly 87 percent in value, settling around $8,200. The issue that caused the value spike was reportedly corrected swiftly and the Bitcoin value returned to its normal levels within a couple of minutes.
“I haven’t encountered many who would try to put up more barriers for new users,” said Maria Shen, a partner at Electric Capital, a venture capital firm focused on cryptocurrencies. Still, she added, “the wallet space is fairly competitive, so it’s not unthinkable.”
.
Mistakes like this happen throughout finance when, for instance, traders mess up details of their intended trades, entering the wrong price or order size. An erroneously large trade, as one example, can overwhelm an exchange's order book, leading to a quick and massive decline. The entire U.S. stock market famously flash crashed back in May 2010, though equities have mostly avoided trouble since that era.
Sign up for the newsletterKeep up with the latest news and views from NationalWorld
Polkadot has increased more than 9 percent in the last week. It is trading at $52.87.
A valid email address is required.You must check the box to agree to the terms and conditions.
If you don’t currently have a wallet, you can download the MetaMask or Trust Wallet browser extensions to get started. These browser extensions give you password-protected access and control over all your tokens.
International Chess Federation becomes the first-ever global sports body to launch its NFT marketplace
Diane Gilman jeans have a cult following — and they're on (rare) sale right now at HSN
Exclusive-Didi prepares to relaunch apps in China, anticipates data probe will end soon -sources
Bitcoin took another step closer to mainstream investing Tuesday with the launch of a new security on Wall Street tied to futures of the cryptocurrency. To mark the occasion, ProShares, leader in exchange-traded funds, a type of investment linked to an index, rang the opening bell of the New York Stock Exchange on Tuesday.
For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. Read more on Latest Business News on India.com. Topics:bitcoin newsBitcoin Pricebitcoin price todaycrypto marketcrypto news todayCryptocurrencyCryptocurrency newsCryptocurrency Price Comments - Join the Discussion
A Sesame Street special titled "The ABCs of COVID Vaccines" shows muppet Rosita getting her first COVID-19 shot.
BFFs Morgan and Isabella seek out help from host Will Taylor as they search for a three-bedroom apartment in Harlem.
A break and close above the channel will indicate strength and the pair may rally to $300 and then to $321. Conversely, if bears sink the price below the channel and the $216 support, the decline could extend to the 50-day SMA ($179).
China is one market to impose strict regulation that impacted prices. In February 2018, the country blocked its citizens from accessing websites that offer cryptocurrency trading services, prompting a 15% fall in Bitcoin and 20% plunge for Ether. Similarly, in January 2018, Bitcoin’s price was hit by new South Korean legislation requiring traders to reveal their identity.
Is the Subject Area "Finance" applicable to this article? Yes No