Q3 Ends with BitMEX Fiasco and KuCoin Hack, More to Come? The Crypto Weekly Market Update

View in browser Weekly Crypto Market Update BTC $10,534 | ETH $344 | XRP $0.232 | Total Market Cap: $335 Billion To say that a lot has happened over the past seven days would be an understatement. Starting off with Bitcoin's price, it's currently trading at around $10,500, down $150 over the week. Everything was going relatively well for BTC. It peaked above $10,900, giving many people hopes that we will finally see a breach above $11,000 and a restart to the bull run. However, it was yesterday when things took a turn for the wors. As CryptoPotato reported, the US Commodity and Futures Trading Commission (CFTC) charged the owner-operators of BitMEX with illegally running a derivatives exchange. Needless to say, BitMEX is one of the largest cryptocurrency derivatives exchanges and, not surprisingly, the price lost about $400 on the news. Read The Full Market Update Price Analysis Overview of Bitcoin, Ethereum, Ripple, Binance Coin, and Polkadot This week we've taken a closer look at the performance of Bitcoin, Ethereum, Ripple, Binance Coin, and Polkadot. For an in-depth look, read more.  US CFTC Goes After BitMEX The US CFTC has charged the owner-operators of BitMEX with illegally running a cryptocurrency derivatives exchange. Read more. $150 Million: KuCoin Was Hacked The popular crypto exchange KuCoin was hacked. The CEO has said that their insurance will cover it. Read more. 91 Maritza, Plovdiv Bulgaria You received this email because you signed up on our website or made a purchase from us. Unsubscribe